Forex.com's review 2025 image

Forex.com Review 2025

United States

Established: 2001
Score: 4
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Regulated

Leverage: Up to 1:400

Deposit: From 0 USD

Spread: Low

Regulation: FCA (UK), ASIC (Australia), NFA (US), CySEC (Cyprus), CIMA (Cayman Islands)

Leverage: Up to 1:400

Deposit: From 0 USD

Spread: Low

Regulation: FCA (UK), ASIC (Australia), NFA (US), CySEC (Cyprus), CIMA (Cayman Islands)

Broker type: DD

Offices: United Kingdom, United States, Australia, Japan, Cyprus, Cayman Islands

Platforms: Web Trader, MetaTrader 4, MetaTrader 5, Mobile App

Instruments: Forex, Commodities, Indices, Cryptocurrencies, Stocks (via CFDs)

Payment Methods:

General Overview

Founded in 2001, Forex.com is a well-known forex and CFD broker for both new and experienced traders. It’s owned by StoneX Group Inc., a public company on NASDAQ (SNEX). Traders get access to 80+ currency pairs and many CFDs—like commodities, indices, and cryptocurrencies—making Forex.com a popular choice worldwide.

 

Key Features

  • Trade 80+ forex pairs and a wide range of CFDs.
  • Its own platform with powerful charting tools.
  • Supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
  • 24/5 customer support in multiple languages.

Pros

  • Regulated by top-tier authorities (FCA, ASIC, NFA)
  • Wide range of tradable instruments (Forex, CFDs on commodities, indices, and cryptocurrencies)
  • Competitive spreads and low fees
  • Variety of trading platforms (Web Trader, MT4, MT5)
  • 24/5 customer support
  • Educational resources and tools for traders of all levels
  • Access to advanced trading tools such as Trading Central
  • Offers DMA (Direct Market Access) account for professional traders

Cons

  • Limited availability in certain countries
  • Limited availability in certain countries
  • Higher spreads on Standard account compared to some competitors
  • No cryptocurrency trading for UK retail clients due to FCA regulations
  • Web Trader platform could be more intuitive for beginners

Trust and Safety

Regulations: FCA (UK), ASIC (Australia), NFA (US), CySEC (Cyprus), CIMA (Cayman Islands)

Forex.com is closely supervised by top financial regulators, which helps keep trading safe and transparent. With oversight from the FCA (UK), ASIC (Australia), and NFA (US), traders can feel confident that their money is handled securely.

 

Regulation

  • FCA (United Kingdom)
  • ASIC (Australia)
  • NFA (United States)
  • CySEC (Cyprus)
  • CIMA (Cayman Islands)

 

Safety of Client Funds

Client money is kept in segregated (separate) accounts. UK clients are also covered by the Financial Services Compensation Scheme (FSCS) up to £85,000 if the broker becomes insolvent. Negative balance protection is available for retail traders in the UK and Europe, so you can’t lose more than you deposit.

Trading Platforms

Web Trader | MetaTrader 4 | MetaTrader 5 | Mobile App

Visit Platforms

Forex.com provides a variety of platforms suitable for all types of traders, from beginners to professionals. Their proprietary platform is equipped with advanced tools and charts, while the globally popular MetaTrader 4 and MetaTrader 5 platforms are also available.

 

Web Trader

The Web Trader platform is user-friendly and includes features such as one-click trading, advanced charting via TradingView, and real-time market data. It also supports automated trading through MetaTrader 4 and MetaTrader 5.

 

Mobile Trading

The Forex.com mobile app allows traders to manage their accounts on the go, with full functionality for placing orders, viewing charts, and setting price alerts. Both iOS and Android versions are available.

Tradable Instruments

Instruments: Forex, Commodities, Indices, Cryptocurrencies, Stocks (via CFDs)

Forex.com offers an extensive range of tradable instruments, making it a versatile broker for traders looking to diversify their portfolios.

 

Available Assets

  • Forex: Over 80 currency pairs including majors, minors, and exotics.
  • Commodities: Gold, silver, oil, and more.
  • Indices: Dow Jones, S&P 500, FTSE 100.
  • Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple.
  • Stocks: CFDs on major global stocks.

Account Types

Forex.com offers three main account types to cater to different trading preferences:

 

Standard Account

Offers competitive spreads and access to the Web Trader platform, with no commission fees.

 

MT4/MT5 Account

Ideal for traders who prefer the MetaTrader platforms, offering full access to MT4 and MT5 functionalities.

 

DMA Account

Provides direct market access with lower spreads and a small commission per trade. This account is designed for high-volume and professional traders.

Deposits and Withdrawals

Forex.com lets you deposit and withdraw using bank wires, cards, and PayPal. The broker doesn’t add extra fees, so moving your money is straightforward.

 

Deposit Methods

  • Credit/Debit Cards (Visa, Mastercard)
  • Bank Wire Transfers
  • PayPal

Withdrawal Processing

Bank transfers are usually completed in 1–2 business days, while card and PayPal withdrawals are processed right away.

Visa

Mastercard

PayPal

Fees and Commissions

Forex.com offers tight spreads and several account types to fit different trading styles. However, some instruments may have wider-than-average spreads, especially on the Standard Account.

 

Trading Fees

For forex, spreads start from 1.2 pips on EUR/USD. The DMA account has more competitive pricing with direct market access and a small commission of $5 per lot. There is also a $15 inactivity fee after 12 months with no activity.

 

Non-Trading Fees

  • Inactivity fee: $15 per month after 12 months of inactivity
  • Withdrawal fees: Free for most methods

 

Bonuses and Promotions

Forex.com does not typically offer promotions or bonuses to its traders. However, clients can take advantage of the Active Trader Program, which offers up to a 15% reduction in trading costs for high-volume traders.

Education

For beginners, Forex.com provides a comprehensive Trading Academy, which includes courses, webinars, and platform tutorials. The educational material is divided into beginner, intermediate, and advanced levels, catering to traders at all stages.

 

Key Educational Resources

  • Platform tutorials for Web Trader and MetaTrader
  • Interactive courses on trading strategies
  • Live webinars hosted by industry experts

Allowed Countries

Excluded Countries

Iran

North Korea

Customer Support

Forex.com offers 24/5 customer support through various channels, including live chat, phone, and email. In our tests, customer support was highly responsive and professional, with short wait times.

 

Supported Languages

  • English
  • Spanish
  • German
  • French
  • Chinese

Broker Name: Forex.com

Broker Type: DD

Country: United States

Operating since year: 2001

Regulations: FCA (UK), ASIC (Australia), NFA (US), CySEC (Cyprus), CIMA (Cayman Islands)

Phone: +44 20 7392 1400 (UK)

Email: [email protected]

Address: Bedminster One, 135 US Highway 202/206, Suite 11, Bedminster, NJ 07921, United States

Broker status: Active

FAQs

Yes, Forex.com is regulated by top-tier financial authorities, including the FCA and NFA, ensuring a safe trading environment.

<p>The minimum deposit is <strong>$100</strong>, though Forex.com recommends depositing at least $1,000 for more flexibility in managing trades.</p>

Yes, Forex.com offers CFDs on cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

Yes, negative balance protection is available for retail clients in the UK and EU.

Leverage varies by region, with a maximum of 1:50 in the US and 1:30 in the EU and UK.

Customer Reviews

RO

Robert

well I lived working with forex.com i just wished they had a higher leverage.

21 Sep 2024

Score: 4

YO

Yousuf

they do not have tradingview and that is so bad sir

26 Sep 2024

Score: 3

JO

Jonathan

I've thought regulation is something good, but it's just limitation and manipulation. Because if you're going to lose your money and they're regulated, you cannot do anything since they are more powerful. They’ll bring a word from the footer of one of their pages and say, "Oh, we said that to you and you agreed." So, from now on, I prefer to work with unregulated but seasoned brokers; at least I'm not limited there.

27 Sep 2024

Score: 1

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