Forex.com review: Forex.com is a forex and CFD trading platform owned by GAIN Capital Holdings Inc. Founded in 1999, the platform is regulated in multiple jurisdictions, including the United States, the United Kingdom, and Australia. Forex.com offers a wide range of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies. It also offers several trading platforms, including MetaTrader 4, MetaTrader 5, and its proprietary trading platform.
The platform provides traders with access to over 80 currency pairs and more than 220 CFDs, including on stocks, indices, commodities, and cryptocurrencies. The platform offers both fixed and variable spreads, with its variable spreads starting from as low as 0.2 pips. Forex.com also offers leverage of up to 1:500 for forex trading and up to 1:200 for CFD trading.
Forex.com provides traders with access to several trading platforms, including the popular MetaTrader 4 and MetaTrader 5 platforms. It also offers its proprietary trading platform, which is available in both web-based and mobile versions. The platform provides traders with a range of advanced trading tools, including charting tools, technical analysis indicators, and risk management tools.
Trading Terminals:
| 💵 Currency: | USD, EUR, GBP, AUD, CAD, CHF, JPY, NZD, PLN, SGD |
| 💰 Min deposit | From $100 |
| ⚖️ Leverage | 1:500 |
| 💱 Spread | Floating from 0.1 pips |
| 💹 Markets | Forex, Indices, Shares, Commodities, Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | United States, United Kingdom, Australia, Japan, Canada, and the Cayman Islands. |
Overall Forex.com Review
Overall, Forex.com is a reliable and well-regulated trading platform that offers traders access to a wide range of financial instruments and trading platforms. The platform provides competitive spreads and leverage, along with a range of advanced trading tools and educational resources to help traders succeed in the markets.
Go to Forex.com website
Geographic Distribution
Geography of clients (traders) of Forex.com
Top Reviews
Best customer reviews of Forex.com
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
I have been using Forex.com for over a year now and I have been consistently impressed with their platform and service. The trading platform is easy to use and offers a wide range of trading instruments, including forex, stocks, and commodities. The customer service is excellent and they have been quick to respond to any questions or issues I have had. I also appreciate the educational resources that they offer, which have been helpful in improving my trading skills. Overall, I would highly recommend Forex.com to any trader looking for a reliable and comprehensive trading platform.
Japan
Their trading platform is very user-friendly and offers a variety of trading instruments. However, I have experienced some issues with their customer service. While they do respond to inquiries, it can take some time to get a resolution. Additionally, I have found their fees to be a bit high compared to other brokers. Overall, I think Forex.com is a decent option for traders, but there are other brokers out there with better customer service and pricing.
Canada
I had a terrible experience with Forex.com. I initially signed up for their service because of the variety of trading instruments they offer, but I quickly regretted my decision. The trading platform is clunky and difficult to use, and I experienced a lot of lag and slippage when placing trades. When I tried to contact customer service for assistance, I was met with long wait times and unhelpful responses. To make matters worse, their fees are exorbitant compared to other brokers. I would not recommend Forex.com to anyone and have since switched to a different broker.
India
Expert Review
Expert Review of Forex.com
Forex.com is a well-established online trading platform with a global presence. The platform is regulated by multiple financial authorities and has a reputation for reliability, making it a popular choice among traders. One of the strengths of Forex.com is its wide range of markets, including forex, stocks, and commodities, which allows traders to diversify their portfolios and find opportunities across different asset classes.
Forex.com offers a range of account types to suit different trading needs and experience levels, including a commission-free account with low spreads for beginner traders. The platform also offers advanced charting tools and trading analytics, which can help traders make more informed decisions.
Forex.com takes the security of its clients' funds and data seriously, with measures such as two-factor authentication and SSL encryption. The platform also offers negative balance protection, which ensures that traders cannot lose more than their account balance.
However, one potential drawback of Forex.com is its high trading fees for some markets, such as stock CFDs. Additionally, the platform's educational resources are somewhat limited compared to some competitors, which may be a disadvantage for beginner traders looking to learn more about the markets.
Overall, Forex.com is a reliable platform with a strong reputation in the industry. Traders who value security, a wide range of markets, and advanced trading tools may find Forex.com to be a good choice. However, traders should be aware of the potential for high trading fees in some markets and should supplement their education with resources outside of the platform.
Financial expert and analyst at TradersHero.com
Risk Warning! Trading on Forex.com involves a high level of risk and may not be suitable for all investors. The market is highly volatile, and prices can move rapidly against your positions, resulting in significant losses. It is essential to understand the risks involved before trading and to have a solid risk management plan in place. It is also crucial to only invest money that you can afford to lose and not to trade with funds that are needed for other expenses. Before trading on Forex.com, it is recommended that you seek independent financial advice to ensure that you fully understand the risks and have a sound trading strategy in place.
Copy Trading
Investment Programs
Forex.com offers a copy trading service called “Copy Trading”, which allows traders to copy the trades of experienced traders on the platform. The service is available to both beginners and experienced traders, and can be accessed through the Forex.com trading platform.
To use the copy trading service, traders must first select a trader to copy based on their trading history and performance. Once a trader has been selected, the trader can choose to allocate a portion of their account balance to copy the trades of the selected trader. The copy trading service will automatically execute the same trades as the selected trader, proportionally to the allocated funds.
It is important to note that while copy trading can be a convenient and potentially profitable way to invest in the markets, it also carries risks. Traders should carefully research and monitor the traders they choose to copy, and be aware that past performance is not necessarily indicative of future results. Additionally, traders should always maintain control over their account and be prepared to exit copy trades if necessary.
Copy Trading on Forex.com allows traders to automatically copy the trades of other experienced traders on the platform. This can help novice traders learn and make profitable trades by following the strategies of more experienced traders. The platform provides a list of successful traders that can be followed, and their trades are automatically replicated in the follower's account.
Remember, copy trading carries risks, and it's important to carefully consider your personal circumstances, risk appetite, and financial goals before engaging in copy trading activities on Exness.com or any other platform.
The key difference of Forex.com's copy trading platform compared to others is the depth of customization and control it offers to the users. Traders can choose from a wide range of pre-built strategies or create their own custom portfolio of traders to copy. Additionally, traders have the ability to set custom risk parameters, manage their allocation, and adjust their portfolio as needed. This level of flexibility allows traders to tailor their copy trading experience to their specific needs and risk appetite, making it a unique and powerful tool in the industry.
Best Copy Trading Platforms
Conditions
Trading Conditions for Forex.com Traders
Trading Terminals:
Forex.com offers competitive trading conditions for traders in a range of markets, including forex, commodities, and indices.
The minimum deposit to open an account is $100, and traders can choose from several account types, including Standard, Commission, and Direct Market Access (DMA) accounts. The Standard account has no commissions and offers fixed spreads, while the Commission account has variable spreads and a commission per trade. The DMA account has access to institutional pricing and deep liquidity, with commissions and spreads varying based on the market.
The platform offers leverage up to 1:200, allowing traders to open larger positions with a smaller initial investment. However, it's important to note that high leverage can also increase the risk of loss.
Spreads on Forex.com vary depending on the account type and market conditions. The Standard account offers fixed spreads on major forex pairs starting from 1.0 pip, while the Commission account has spreads starting from 0.2 pips. The DMA account has spreads as low as 0.1 pips.
Traders can access Forex.com's trading platforms, including the popular MetaTrader 4 and 5 platforms, as well as Forex.com's proprietary Advanced Trading Platform. The platforms offer advanced charting tools, multiple order types, and customizable trading indicators.
Forex.com charges a range of fees, including overnight rollover fees for positions held overnight, and inactivity fees for accounts that are inactive for a certain period of time.
Overall, Forex.com offers competitive trading conditions for traders in a range of markets, with access to multiple account types, platforms, and trading tools.
| 💵 Currency | USD, EUR, GBP, AUD, CAD, CHF, JPY, NZD, PLN, SGD |
| 💰 Min deposit | From $100 |
| ⚖️ Leverage | Up to 1:500 |
| 💱 Spread | Floating from 0.1 pips |
| 💹 Markets | Forex, Indices, Shares, Commodities, Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 💵 Replenishment / Withdrawal: | Visa/Mastercard, Bank transfers, Electronic payments (Skrill, Neteller, UnionPay, FasaPay) |
| 🏦 Broker Type: | ECN, STP, Market Maker |
| 📞 Customer Service | Phone, Email, Live Chat |
| 👩💼 Support | Multilingual |
| 👨💼 Personal Account Manager | ✅ |
| 🔁 Copy Trading | ✅ |
| 🔓 Demo account | ✅ |
| 🗺️ Headquarters | United States, United Kingdom, Australia, Japan, Canada, and the Cayman Islands. |
Risk Warning
Comparison
Comparison of Forex.com with other FOREX Brokers
Broker comparison table of trading instruments
Commissions
Forex.com Accounts, Commissions & Fees
Forex.com offers two types of trading accounts: Standard Account and Commission Account.
The Standard Account has no commission fees and offers higher spreads, while the Commission Account charges a commission fee but offers tighter spreads. Both accounts have a minimum deposit requirement of $100.
The platform also offers Active Trader accounts, which are designed for high-volume traders who trade at least $25 million per month. Active Trader accounts have lower spreads and commissions, as well as personalized support and other benefits.
In terms of fees, Forex.com charges a commission fee for trading on its Commission Account, with the fee varying depending on the trading instrument. Spreads on the Standard Account are wider but there are no commission charges.
The platform also charges overnight financing fees for positions held overnight, which are calculated based on the size of the position and the relevant interbank rate.
| Account type | Standard | Commission account | Direct Market Access (DMA) |
|---|---|---|---|
| Min deposit | $100 | $100 | $1000 |
| Spread (pips) | Floating from 1.0 | Floating from 0.2 | Floating from 0.0 |
| Commission per transaction | ❌ | $5 per lot (round turn) | $2.5 per lot (round turn) |
| Min Order | 1,000 | 1,000 | 1,000 |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:50 |
| Margin call / Stop out | 50% / 20% | 50% / 20% | 50% / 20% |
| Demo account | ✅ | ✅ | ✅ |
| Islamic account | ✅ | ✅ | ✅ |
Overall, Forex.com's account options and fees are competitive in the industry, with a range of choices to suit different trading styles and volumes.
Forex.com offers Islamic accounts for traders who follow Sharia law, which prohibits the earning or charging of interest on funds held overnight. Islamic accounts are also known as swap-free accounts, as they eliminate the swap or rollover interest that is typically charged on overnight positions. Instead, Islamic accounts may charge an administration fee or widen the spread to compensate for the loss of swap revenue. Islamic accounts are available to all traders, regardless of their religion, and provide an option for those who wish to comply with Sharia law while still engaging in forex trading. To open an Islamic account, traders should contact Forex.com's customer support team for more information and to provide the necessary documentation.
Risk Warning
Final review
Detailed review of Forex.com
Forex.com is a well-established online forex and CFD trading platform. It is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Commodity Futures Trading Commission (CFTC) in the US. Here is a detailed review of Forex.com.
For those new to forex trading, Forex.com is a top-notch choice of broker.
Forex.com offers three types of accounts, including the Standard Account, the Commission Account, and the Direct Market Access (DMA) Account. Each account type has its own minimum deposit requirement, spreads, and commission fees.
The Standard Account has a minimum deposit requirement of $100 and offers fixed spreads starting at 1.3 pips. The Commission Account has a minimum deposit requirement of $1000 and offers variable spreads starting at 0.2 pips, with a commission of $5 per standard lot. The DMA Account has a minimum deposit requirement of $25,000 and offers raw spreads starting at 0.1 pips, with a commission of $2.5 per side per standard lot.
Forex.com offers a range of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies. The maximum leverage offered by the platform is 1:200. The margin call and stop out levels are set at 50% and 20%, respectively.
The platform provides a range of educational resources to help traders improve their trading skills. These resources include webinars, video tutorials, and a range of trading guides. Forex.com also provides traders with a range of research tools, including market analysis, economic calendars, and market news.
Forex.com is a well-regulated online forex and CFD trading platform that offers its users a range of trading tools and resources. The platform offers a range of account types to suit different trading styles, with competitive spreads and commission fees. The platform's trading conditions are also favorable, with a range of trading instruments available and maximum leverage of 1:200. Overall, Forex.com is a good option for traders looking for a reliable and trustworthy trading platform.
Advantages:
Forex.com Regulator
National Futures Association (NFA)
National Futures Association (NFA): The NFA is a self-regulatory organization that operates in the United States. Forex.com is a member of the NFA, and as such, it is required to comply with the NFA's stringent regulatory standards. The NFA regulates the operations of Forex.com to ensure that the broker adheres to ethical business practices and maintains a high level of transparency in its dealings with clients.
Regulator website: National Futures Association (NFA)
Commodity Futures Trading Commission (CFTC)
Commodity Futures Trading Commission (CFTC): The CFTC is a federal agency that regulates the futures and options markets in the United States. Forex.com is registered with the CFTC as a Futures Commission Merchant (FCM), which means that the broker is authorized to offer futures trading services to clients in the United States. The CFTC is responsible for overseeing the operations of Forex.com and ensuring that the broker complies with all applicable laws and regulations.
Financial Conduct Authority (FCA)
Financial Conduct Authority (FCA): The FCA is a financial regulatory body in the United Kingdom. Forex.com is authorized and regulated by the FCA to offer financial services in the UK and the European Union. The FCA is responsible for ensuring that Forex.com operates in compliance with the applicable laws and regulations in the UK and the EU. This includes ensuring that the broker maintains adequate financial resources, maintains appropriate risk management systems, and treats its clients fairly.
Risk Warning
Promotions
Bonuses Paid by the Forex.com
RoboForex's bonus programs are one of their strengths. New traders receive a $30 Welcome Bonus when they deposit $10 or more, and the broker offers up to a 120% classic bonus on the first deposit and subsequent account replenishments. Other bonuses include 5%-15% cash back on fees depending on trading volume, and an additional 10% extra funds for more than 1,000 trades.
Deposit Bonus
Bonus received after making a deposit into your trading account. The bonus amount is usually a percentage of the deposited amount.
Welcome Bonus
Bonus paid to new traders who open an account at Forex.com for the first time.
Referral Bonus
Bonus paid to traders who refer new clients to Forex.com. The bonus amount is usually a percentage of the referred client's initial deposit.
Education
Review of the Forex.com Education Program
Forex.com is a globally recognized forex trading platform that offers an extensive educational program for traders of all levels. The platform offers several educational resources, including webinars, trading guides, video tutorials, and daily market analysis, aimed at helping traders develop their skills and stay up-to-date with market trends.
One of the standout features of the Forex.com education program is the range of webinars on offer. The platform hosts a variety of live and pre-recorded webinars that cover a wide range of topics, from trading strategies and market analysis to risk management and trading psychology. The webinars are hosted by experienced traders and industry experts, providing valuable insights into the world of forex trading.
Tools for dividing learning into multiple categories:
Overall, the Forex.com education program provides a comprehensive set of resources and tools to help traders of all levels improve their trading skills and make informed trading decisions.
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Rating and Comments
Forex.com Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
I have been using Forex.com for a few years now and I must say it is one of the best forex brokers out there. The platform is very easy to use and user-friendly. I also like the fact that they offer a wide range of markets to trade on, including forex, stocks, indices, and commodities.
Their customer service is top-notch, with prompt responses to any questions or issues that I have had. The educational resources that they offer, including webinars and tutorials, have also been very helpful in improving my trading skills.
Overall, I highly recommend Forex.com to anyone looking for a reliable and trustworthy forex broker.
Forex.com has a decent platform with a good range of markets, but their fees and commissions are a bit high compared to other brokers. Their support service is helpful, but can sometimes be slow in responding. Overall, it’s a good option for traders, but there are better options.
I had a terrible experience with Forex.com. Their platform kept crashing, which resulted in significant losses for me. Their customer service was helpless and unresponsive, and their fees and commissions were exorbitant.
I have been consistently impressed with their robust platform, wide range of markets, and excellent customer support. Their educational resources have also been invaluable in helping me develop my trading skills and track market trends. Overall, I highly recommend Forex.com to all traders looking for a first class trading experience.