Forex.com
Forex.com Review
Author bio.
Stéphane has worked in financial services since 2005, within capital markets and investment banking. He graduated from the London School of Economics and HEC Paris.
Updated on: 25 November, 2022
Pros- Forex.com is integrated with TradingView charts.
- Wide range of free trading tools, including trading signals.
- Regulated in 8 jurisdictions, including the US, the UK and Canada.
Cons- You can only trade Forex and precious metals in the US.
Awards- Winner of the Best Mobile Platform/App, 2020
- Best CFD FX Provider, Online Personal Wealth Awards 2020
- Best Forex Service Provider, Shares Awards 2019
Forex.com Accounts (3)
Standard Account [MT4]
- Trade on floating spreads from 1 pip, without commission. Choose between the Forex.com platform and MetaTrader 4.
- $ 100 Minimum deposit
- 1:50 Leverage (EUR/USD) ?
- 1 Pips (EUR/USD)
- $ 0 Commission
- More ▼
- Open account ▷
Commission Account
- Trade on low floating spreads plus commission through the Forex.com platform.
- $ 100 Minimum deposit
- 1:50 Leverage (EUR/USD) ?
- 0.2 Pips (EUR/USD)
- $ 5 Commission
- More ▼
- Open account ▷
STP Pro account
- Trade on raw spreads plus commissions through the Forex.com platform. Prices are sourced from top-tier liquidity providers. The more you trade, the lower your commissions.
- $ 100 Minimum deposit
- 1:50 Leverage (EUR/USD) ?
- 0 Pips (EUR/USD)
- $ NA Commission
- More ▼
- Open account ▷
Forex.com Offers (2)
Important: please visit the broker's website for their terms and conditions.
Get free signals from Trading Central when you open an account with Forex.com. Trading Central uses technical analysis to identify trading opportunities across markets. It also suggests stop and limit levels to help you better manage risk.
Host your Expert Advisors on a free VPS server when you trade at least a notional volume of $500,000 per calendar month. Otherwise, a $30 fee will be debited from your account.
Forex.com Markets
Trade over 80 currency pairs as well as Gold and Silver through Forex.com in the United States.
- Forex: trade over 80 currency pairs, 24 hours a day, 5 days a week.
- Precious metals: trade unleveraged spot gold (XAU/USD) and spot silver (XAG/USD), long or short.
- Futures and Futures Options: trade futures contracts or commodity options through FuturesOnline, a Forex.com affiliate.
- Asset classes
- Forex
- Metals
* Availability subject to regulation.
- Asset classes (#)
- Forex82
- Metals2
Forex.com Trading platforms
With Forex.com, you can trade either on the Forex.com platform or MetaTrader 4. Both are available on the web, mobile and desktop.
Forex.com platform
The Forex.com trading platform is built around TradingView charts, at no additional cost to you. Trade directly from the charts, across 14 time intervals. Customize your charts with over 80 indicators and advanced drawing tools. The Forex.com platform is available either through its Standard Account, Commission Account or STP Pro Account.
MetaTrader 4
Forex.com also supports the MetaTrader 4 (MT4) platform through its Standard Account. MT4 is a must if you have an interest in Expert Advisors, small programmes that can automate buy and sell orders. Forex.com's MT4 implementation comes with over 20 custom indicators and Expert Advisors powered by FX Blue. It's also embedded with Reuters news headlines to help you stay on top of the markets.
- Trading platforms
- MetaTrader 4
- Other platformsTradingView
- Operating systems
- Web trader
- Android
- iOS
Forex.com Account funding
Note: payment methods depend on the entity with which you open an account, as well as your country of residence. Please visit the company's website for all payment methods.
Bank transfers (ACH)
You can deposit up to $10,000, and no less than $100 per transaction. Funds will usually be available immediately for trading. No fees apply to bank transfers.
Wire transfers
Wire transfers have no minimum or maximum deposit amount. Domestic wire transfers may take up to 1-2 business days, and international wires up to 2-5 days before they are available for trading. Forex.com accepts USD, EUR, CAD, JPY, CHF, AUD and GBP. Forex.com charges no fees, but bank fees may apply.
Debit cards
You can deposit up to $10,000, and no less than $100 per transaction. Funds will usually be available immediately for trading. Forex.com accepts Visa and Mastercard payments in USD, EUR and GBP. Forex.com charges no fees on debit card deposits, but your card provider may charge a currency conversion fee on EUR and GBP deposits.
- Deposits and withdrawals (Fiat)
- Bank transfer
- Debit card
* Availability subject to regulation.
- Deposits and withdrawals (Crypto)
- Account base currencies
- USD - U.S. Dollar
Forex.com Regulators
Forex.com is fully regulated in the markets in which it operates.
In the United States, it's registered as a Futures Commission Merchant (FCM) and a Retail Foreign Exchange Dealer (RFED) with the Commodity Futures Trading Commission (CFTC) and has been a member of the National Futures Association (NFA # 0339826) since 2004.
Customer deposits are kept separate from the company's own funds, and are split across a global network of custodian banks and brokers. Forex.com reports these funds, as well as excess funds on deposit supporting monies owed to customers, to the NFA on a daily basis.
- Regulated entities
- USACFTC and NFA (# 0339826)
Forex.com Alternatives
Are you looking for an alternative to Forex.com? Compare Forex.com against each of the following brokers and make an informed decision.
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