Forex.com Review 2026

Logo FOREX.com
How we tested FOREX.com

Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

FOREX.com Pros & Cons

  • Average order execution speed is 0.04 ms
  • Reliability is supported by oversight from multiple regulators, with client funds held in segregated accounts
  • Attractive trading conditions include tight spreads on over 80 currency and metal pairs
  • High fixed commission for fund withdrawals
  • Initial deposit starts at $1,000, which may be restrictive
  • Few deposit and withdrawal methods, and actual terms often differ from those advertised
  • Customer support can be difficult to reach due to high demand

Forex.com is a company owned by GAIN Capital Holdings, Inc. (NYSE: GCAP) and has earned a reputation as a reliable broker in the trading industry for its transparent work and high quality of services. The company cooperates with clients in 140 countries. The broker is registered in the Cayman Islands and supervised by CIMA (Certified Institute for Management Accountants). The license number is 25033. The parent company of the Forex.com broker is registered in England and Wales under the number 1761813 at the UK Companies House. It is licensed by one of the most reputable regulators in the world, FCA (No. 113942).

TU Expert Verdict

Chief Analytics Officer

FOREX.com demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

FOREX.com provides access to trading Forex pairs, indices, metals, stocks, cryptocurrencies, bonds, and ETFs, supporting over 5,500 instruments through MT4, MT5, TradingView, a proprietary platform, and WebTrader. Regulated by top Tier-1 authorities such as the FCA in the UK, ASIC in Australia, CFTC and NFA in the U.S., CIRO in Canada, and JFSA in Japan, the broker offers Standard, ECN/Raw, Micro, Swap Free, VIP, and demo accounts, with a $100 minimum deposit for most accounts and $25,000 for DMA. Standard accounts feature floating spreads from 0.7 pips on EUR/USD, and ECN accounts offer spreads from 0.2 pips plus a $5 commission per lot.

A few disadvantages are mandatory inactivity fees, no Cent account option, limited deposit and withdrawal flexibility, regional restrictions on some instruments, and customer support only in English, which can be slow during peak times. While trading conditions and platform selection suit active and professional traders seeking stability and multi-asset coverage, FOREX.com is less appropriate for beginners or users requiring multi-language support or ultra-low minimum deposits.

FOREX.com User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
6.4 /10
104 total
  • 5-star
    7%
  • 4-star
    22%
  • 3-star
    60%
  • 2-star
    9%
  • 1-star
    3%
Lopes Roseli
1 year ago

Among the downsides are fixed withdrawal fees and weak customer support during peak hours. However, the technical side of the platform is stable. Forex.com is better suited for experienced traders interested in long-term strategies and a wide range of instruments rather than beginners with a small starting capital.

kanyoberby
41 weeks ago

I like that Forex.com is regulated in several major jurisdictions: FCA (UK), ASIC (Australia), CFTC/NFA (USA), MiFID/CySEC, and others. This gives confidence that the broker adheres to safety and protection standards. I trade with a $1,000 deposit, using forex, indices, and metals, with a turnover of $50,000 over a few days, earning a profit of +$600. Although deposits and withdrawals can sometimes take time, the reliability and regulation of Forex.com make it stand out among many brokers.

Talhagill52
1 year ago

I started with Forex.com because I saw that the minimum deposit is $100 for Standard and Commission accounts. I opened a Standard account, traded EUR/USD and GBP/USD, and in a couple of days, with a turnover of about $20,000, earned roughly +$200. Spreads on EUR/USD are sometimes around 1.0–1.2 pips on the Standard account — not super tight, but reasonable. I liked that there are no commissions on Standard accounts. Forex.com is a good choice for those who don’t require ultra-low spreads but value stability and transparency.

  • Commissions and Fees

    Score:
    We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
    7 /10

    The trading and non-trading commissions of FOREX.com have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and IG Markets, to provide the most comprehensive information.

    • Low Forex trading fees
    • Tight EUR/USD market spread
    • No deposit fee
    • No withdrawal fee
    • Inactivity fee applies

    Trading Fees and Spread

    Below, we evaluated and compared the trading commissions of FOREX.com with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

    Standard Account Spread

    For Standard accounts, FOREX.com’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

    FOREX.com Standard spreads
    FOREX.com OANDA IG Markets
    EUR/USD min, pips 0.7 0.1 0.6
    EUR/USD max, pips 1.2 0.5 1.2
    GPB/USD min, pips 0.9 0.1 0.6
    GPB/USD max, pips 1.4 0.5 1.5

    RAW/ECN Account Commission And Spread

    The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

    FOREX.com RAW/ECN spreads
    FOREX.com OANDA IG Markets
    Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 5 3.5 2.3
    EUR/USD avg spread 0.2 0.15 0.8
    GBP/USD avg spread 0.4 0.2 1

    Non-Trading Fees

    We conducted a detailed analysis of the non-trading fees associated with FOREX.com. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

    FOREX.com Non-Trading Fees
    FOREX.com OANDA IG Markets
    Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0
    Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0
    Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0
    Inactivity fee ($, per month) 15 0 0
  • Is FOREX.com Safe?

    Score:
    We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
    10 /10

    FOREX.com has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

    • Tier-1 regulated
    • Negative balance protection
    • Regulated in the UK
    • Track record over 27 years
    • Strict requirements and extensive documentation to open an account
    FOREX.com Regulators and Investor Protection
    FCA UKFCA UK Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1
    ASICASIC Full Name Australian Securities and Investments Commission Country of regulation Australia Investor Protection Fund No specific fund but has stringent consumer protection Regulation Level Tier-1
    NFANFA Full Name National Futures Association Country of regulation United States Investor Protection Fund No specific fund Regulation Level Tier-1
    JFSAJFSA Full Name Japan Financial Services Agency Country of regulation Japan Investor Protection Fund No specific fund Regulation Level Tier-1
    CFTCCFTC Full Name Commodity Futures Trading Commission Country of regulation United States Investor Protection Fund No specific fund Regulation Level Tier-1
    CIROCIRO Full Name Investment Industry Regulatory Organization of Canada Country of regulation Canada Investor Protection Fund CAD 1,000,000 Regulation Level Tier-1
    Abbreviation CIMA Full Name Cayman Islands Monetary Authority Country of regulation Cayman Islands Investor Protection Fund No specific fund Regulation Level Tier-3
    FOREX.com Security Factors
    Foundation date 1999
    Negative balance protection
    Yes
    Verification (KYC)
    Yes
  • Account Types

    Score:
    We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.
    6.8 /10

    FOREX.com offers the following account options: Demo, Standard, ECN/Raw spread, Micro, Swap Free, VIP.

    However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

    • Swap Free (Islamic) account
    • Tight spread ECN account
    • Demo account
    • No Cent account
    FOREX.com account types vs top competitors
    FOREX.com Trading.com Plus500
    Standard
    Yes
    Yes
    Yes
    ECN/Raw spread
    Yes
    No
    No
    Demo
    Yes
    Yes
    Yes
    Cent
    No
    No
    No
    Micro
    Yes
    No
    No
    Swap Free
    Yes
    No
    No
    VIP
    Yes
    No
    No
    Managed
    No
    No
    No

    FOREX.com accounts trading conditions

    Forex.com offers its clients three real accounts and a demo account. The minimum deposit is $1,000. Real accounts differ from each other in the set of trading instruments and the type of commission (spreads, fixed or combined option).

    Account Type Description
    Standard The deposit starts from $1,000. More than 80 currency pairs are available to the trader, as well as gold and silver, indices (more than 15 options), and commodities (more than 12 options). Cryptocurrencies are available. The average spread is 0.2 pips;
    Commission The same trading instruments are available as on the standard account type. The minimum deposit is 1,000 USD. However, there is a lower spread here: it starts at 0.2 pips. In this case, the broker additionally charges a commission for access to trade;
    Direct Market Access (DMA) The minimum deposit on this trading account is $25,000. The trader has 58 currency pairs available, as well as gold and silver. There are no spreads on this type of trading account. However, there is a commission.

    Before opening your main account, you can learn about the capabilities of the brokerage company and the functionality of the terminals on a demo account.

    Is Forex.com Legit? Is it Safe or Scam?

  • Deposit and Withdrawal

    Score:
    This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
    6.5 /10

    FOREX.com received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

    FOREX.com provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

    • No deposit fee
    • Bank card deposits and withdrawals
    • Low minimum withdrawal requirement
    • Minimum deposit below industry average
    • Only major base currencies available
    • PayPal not supported
    • Limited deposit and withdrawal flexibility, leading to higher costs

    What are FOREX.com deposit and withdrawal options?

    FOREX.com provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC.

    FOREX.com Deposit and Withdrawal Methods vs Competitors
    FOREX.com Trading.com Plus500
    Bank Wire
    Yes
    Yes
    Yes
    Bank card
    Yes
    Yes
    Yes
    PayPal
    No
    No
    Yes
    Wise
    No
    No
    No
    BTC
    Yes
    No
    No

    What are FOREX.com base account currencies?

    A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FOREX.com supports the following base account currencies: USD, EUR, GBP.

    What are FOREX.com's minimum deposit and withdrawal amounts?

    The minimum deposit on FOREX.com is $100, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FOREX.com’s support team.

  • Markets and Tradable Assets

    Score:
    The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria
    10 /10

    FOREX.com offers a wider selection of trading assets than the market average, with over 5500 tradable assets available, including 80 currency pairs.

    • ETFs investing
    • Commodity futures are available
    • 5500 assets for trading
    • Regional restrictions are possible

    Supported markets vs top competitors

    We have compared the range of assets and markets supported by FOREX.com with its competitors, making it easier for you to find the perfect fit.

    FOREX.com Trading.com Plus500
    Currency pairs 80 69 60
    Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 5500 69 2800
    Stocks
    Yes
    No
    Yes
    Commodity futures
    Yes
    No
    Yes
    Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.
    Yes
    No
    Yes
    Stock indices
    Yes
    No
    Yes
    Options
    Yes
    No
    Yes

    Investment options

    We also explored the trading assets and products FOREX.com offers for beginner traders and investors who prefer not to engage in active trading.

    FOREX.com Trading.com Plus500
    Bonds
    Yes
    No
    No
    ETFs
    Yes
    No
    Yes
    Copy trading
    Yes
    No
    No
    PAMM investing
    No
    No
    No
    Managed accounts
    No
    No
    No
  • Trading Account Opening

    Score:
    We evaluated Trading Account Opening at FOREX.com by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.
    9 /10

    We successfully registered an account with FOREX.com in 30 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FOREX.com is $100. This is one of the most accessible and hassle-free onboarding procedures on the market.

    • Fully online account opening process
    • Quick KYC verification (1 business day or less)
    • Low minimum deposit requirement
    • Registration process may take longer than expected
    FOREX.com account opening
    FOREX.com Trading.com Plus500
    Online Registration
    Yes
    Yes
    Yes
    Minimum deposit $100 $50 $100
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration time (min) 30 20
    KYC time (days) 1 2 3

    Is FOREX.com available in my country?

    If you are a citizen of United States, the broker accepts clients from your country.

    Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

    Account opening details

    To start making money with Forex.com and save on spreads with the help of Traders Union, you need to:

    • Register on the Traders Union website and follow the referral link to the broker's website. On the main page, click the "Open an account" button.

    • Select the type of account you are interested in and click the "Open account" button under it.

    • In the blank that opens up, enter the country, gender, last name and first name, e-mail address and phone number, date of birth, username, and password. Click on the "Save and Continue" button.

    • Provide documents requested for verification. After completing all stages of registration, you can enter your Personal Cabinet, replenish your account and start trading.

    • The following functions are available in the Forex.com Personal Cabinet:

      • Trade statistics..
      • Account management..
      • Market analysis tools..
      • Contact support..

    There are also many other useful functions and features:

    • opening a real account from a demo account;
    • access to the trader Community;
    • archiving trade statistics.
  • Trading platforms & tools

    Score:
    This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria
    10 /10

    FOREX.com received a score of 10/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.

    • Trading bots (EAs) allowed
    • API access for automated trading
    • MetaTrader is available
    • Proprietary platform with unique features
    • No access to cTrader and its advanced tools.

    Supported trading platforms

    FOREX.com supports the following trading platforms: MT4, MT5, TradingView, Proprietary platform, WebTrader. This selection covers the basic needs of most retail traders. We also compared FOREX.com’s platform availability with that of top competitors to assess its relative market position.

    FOREX.com Trading.com Plus500
    MT4
    Yes
    No
    No
    MT5
    Yes
    Yes
    No
    cTrader
    No
    No
    No
    TradingView
    Yes
    Yes
    Yes
    Proprietary platform
    Yes
    Yes
    Yes
    NinjaTrader
    No
    No
    No
    WebTrader
    Yes
    Yes
    Yes

    Key FOREX.com’s trading platform features

    We also evaluated whether FOREX.com offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.

    Supported features
    2FA
    Yes
    Alerts
    Yes
    Trading bots (EAs)
    Yes
    One-click trading
    Yes
    Scalping
    Yes
    Supported indicators 100
    Tradable assets 5500

    Additional trading tools

    FOREX.com offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.

    FOREX.com trading tools vs competitors
    FOREX.com Trading.com Plus500
    Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making.
    No
    Yes
    No
    API
    Yes
    No
    No
    Free VPS
    Yes
    No
    No
    Strategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills.
    Yes
    No
    No
    Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.
    Yes
    No
    No
  • Mobile Apps

    Score:
    This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria
    8 /10

    FOREX.com supports mobile trading, offering dedicated apps for both iOS and Android. FOREX.com received a score of 8/10 in this section, indicating a generally acceptable mobile trading experience.

    • Solid iOS user feedback, with a rating of 4.5/5
    • Indicators supported
    • Supports mobile 2FA
    • Limited features vs desktop

    We compared FOREX.com with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

    FOREX.com Trading.com Plus500
    Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 100,000 50,000 10,000,000
    App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 4.5 4.8 4.7
    Google Play score 3.9 4.7 4.4
    Mob. 2FA
    Yes
    Yes
    Yes
    Mob. Indicators
    Yes
    Yes
    Yes
    Mob. Alerts
    Yes
    Yes
    Yes
  • Customer Support

    Score:
    We evaluated Customer Support at FOREX.com by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria
    5.7 /10

    Customer support at FOREX.com is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

    During testing, response times were moderate, and communication depended on the complexity of the request. FOREX.com provides basic support functionality but does not stand out in overall service performance.

    Information

    The broker's support service is ready to help clients around the clock, except weekends.

    • Works around the clock
    • No multilingual support
    • Works 24/5

    There are several ways to contact support:

    • directly by phone numbers, as indicated on the website;
    • by email;
    • using the feedback form.
    Contacts
    Foundation date 1999
    Registration address Cayman Corporate Centre, 27 Hospital Road, George Town, Grand Cayman KY1-9008, Cayman Islands
    Regulation CIMA, FCA, FSA (Japan), NFA, IIROC, ASIC, CFTC
    Official site forex.com

Best FOREX.com Alternatives

Trading.com USA
Logo Trading.com USA
Trading.com USA
6.9 /10
Regulation Tier-1
EUR/USD 0.9 pips
Plus500
Logo Plus500
Plus500
7.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
OANDA
Logo OANDA
OANDA
6.6 /10
Regulation Tier-1
EUR/USD 0.1 pips
IG Markets
Logo IG Markets
IG Markets
6.4 /10
Regulation Tier-1
EUR/USD 0.6 pips
Interactive Brokers
Logo Interactive Brokers
Interactive Brokers
6.4 /10
Regulation Tier-1
EUR/USD 0.2 pips

FAQs

How is FOREX.com regulated and what security measures are mentioned in its safety overview?

FOREX.com has a safety score of 10/10 and is described as having a High security level, with Tier-1 regulation in multiple jurisdictions including the UK (FCA), Australia (ASIC), the US (NFA and CFTC), Japan (JFSA), and Canada (CIRO), plus Tier-3 regulation from CIMA. The broker was founded in 1999, applies verification (KYC), offers negative balance protection, and some regulators provide investor compensation schemes such as up to £85,000 under the UK FCA and up to CAD 1,000,000 under CIRO.

How are FOREX.com trading commissions, spreads, and other fees described in the fee breakdown?

FOREX.com receives a fees score of 7/10, with trading and non-trading costs characterized as Medium overall, including low forex trading fees, tight EUR/USD spreads, and no deposit or withdrawal fees, but an inactivity fee applies. For Standard accounts, EUR/USD spreads typically range from 0.7 to 1.2 pips and GBP/USD from 0.9 to 1.4 pips, while RAW/ECN accounts show average spreads of 0.2 pips on EUR/USD and 0.4 pips on GBP/USD plus a $5 commission per lot, and non-trading fees include a $15 monthly inactivity charge.

What do user reviews and feedback indicate about overall satisfaction with FOREX.com?

FOREX.com has a user satisfaction score of 6.4/10 based on 104 reviews, with 7% of ratings at 5 stars, 22% at 4 stars, 60% at 3 stars, 9% at 2 stars, and 3% at 1 star. According to user reviews, overall sentiment is mixed rather than strongly positive or negative.

What deposit and withdrawal options and limits are highlighted for FOREX.com?

FOREX.com is described as offering a basic range of funding methods, including bank cards, bank wire, Skrill, Neteller, and Bitcoin (BTC), with no deposit or withdrawal fees but limited flexibility and no support for Wise or PayPal. The minimum deposit and withdrawal amounts are both $100, although the section notes these thresholds may vary by account type and payment method and that detailed conditions are not fully specified in the review.

What feedback is provided on FOREX.com mobile apps and their trading features?

FOREX.com supports mobile trading on iOS and Android and receives a mobile section score of 7.95/10, with total downloads of around 100,000, an App Store rating of 4.5, and a Google Play rating of 3.9. The apps support indicators, mobile two-factor authentication, and trading alerts, while the main limitation mentioned is a smaller set of charting tools.

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