A Top-Tier Broker for Serious Forex Traders
FOREX.com is a well-established broker, best suited for experienced traders who value strong regulation and a wide array of trading instruments. Its strongest advantage lies in its extensive global regulatory oversight, offering a high degree of client protection. The main compromise involves some withdrawal fees and an inactivity charge, which can add to overall trading costs. We recommend FOREX.com for traders seeking a reliable and feature-rich trading environment.
- Highly regulated globally
- Multiple account types
- Advanced trading platforms
- Broad range of instruments
- Client fund segregation
- Negative balance protection
- Inactivity fee after 12 months
- Wire transfer withdrawal fees
| Regulation | FCA, ASIC, CFTC, NFA, MAS, CIMA, CIRO, FSA Japan |
| Founded | 2001 |
| Headquarters | USA |
| Minimum Deposit | $100 |
| Maximum Leverage | 1:400 (Pro) |
| EUR/USD Spread | 0.0 pips + $7/lot |
| Trading Platforms | MT4, MT5, WebTrader, TradingView |
| Instruments | Forex, CFDs, Crypto, Futures |
| Deposit Methods | Cards, Bank, E-wallets |
| Withdrawal Time | 1-2 business days (internal) |
| Customer Support | 24/5 Live Chat, Phone, Email |
| Website | forex.com |
Capital at risk. CFD trading involves significant risk. This may be an affiliate link.
Our Full Rating Breakdown
Our rating system evaluates brokers across key areas like trust, costs, platforms, instruments, and funding options. We aim to provide an objective assessment, helping traders understand a broker’s strengths and weaknesses. Each category receives a score out of five, reflecting its performance based on our research.
Is FOREX.com Regulated & Safe?
FOREX.com operates under a robust global regulatory framework, holding licenses with several top-tier authorities worldwide. This broad oversight, including regulators like the FCA, ASIC, and CFTC, provides a high level of confidence for traders. Client funds are segregated, and negative balance protection is in place for retail clients, enhancing overall safety. The broker’s long operational history since 2001 further solidifies its reputation for reliability.
- Regulator
- FCA, ASIC, CFTC, NFA, MAS, CIMA, CIRO, FSA Japan
- License Number
- 446717 (FCA), 0339826 (NFA), 345646 (ASIC), 25033 (CIMA), Kanto Local Finance Bureau (FIBO) No. 291 (FSA Japan)
- Tier
- Tier 1, Tier 2, Tier 3
- Client Fund Segregation
- Yes
- Compensation Scheme
- FSCS (UK), ICF (Cyprus)
- Negative Balance Protection
- Yes (for Retail Clients)
- Founded
- 2001
- Headquarters
- USA
Always verify a broker's license directly on the regulator's website to confirm its current status and the specific entity you are trading with.
Fees, Spreads & Commissions
FOREX.com offers a flexible fee structure with both spread-only and commission-based accounts, catering to different trading styles. The RAW Pricing account provides very tight spreads, starting from 0.0 pips on EUR/USD, alongside a fixed commission. In contrast, the Standard account simplifies pricing with slightly wider, spread-only costs. While competitive, traders should be aware of potential inactivity fees and charges for certain withdrawal methods.
| Instrument | RAW Pricing Account | Standard Account |
|---|---|---|
| EUR/USD | 0.0 pips | 1.2 pips |
| GBP/USD | 0.0 pips | 1.3 pips |
| USD/JPY | 0.0 pips | 0.3 pips |
| Gold XAUUSD | 0.15 pips | 0.30 pips |
| Oil USOIL | 1.5 pips | 1.5 pips |
FOREX.com clearly outlines its spread and commission structures for each account type, allowing traders to choose based on their preference.
Overnight positions incur swap/rollover fees, which are tripled on Wednesdays for most instruments.
Account Types Explained
FOREX.com provides a selection of account types designed to meet various trading needs, from spread-only options to raw pricing models. Each account offers distinct advantages in terms of cost structure and execution, allowing traders to choose what best suits their strategy. Opening an account is straightforward, though specific details like Islamic account availability were not confirmed in our research.
- Spread-only pricing
- Suitable for beginners
- Market Maker execution
- Raw spreads from 0.0 pips
- Fixed commission per trade
- ECN execution
- STP execution model
- Higher minimum deposit
- Designed for advanced traders
- Access to MT4 platform
- Supports Expert Advisors
- Flexible trading environment
Account Comparison
| Feature | Standard Account | Commission Account |
|---|---|---|
| Min Deposit | $100 | $100 |
| Spread From | 1.2 pips (EUR/USD) | 0.0 pips (EUR/USD) |
| Commission | None | $7 USD per $100k USD traded (round trip) |
| Max Leverage | Varies by entity and asset | Varies by entity and asset |
| Instruments | Forex, Indices, Commodities, Crypto, Shares | Forex, Indices, Commodities, Crypto, Shares |
| Account Currency | USD | USD |
While FOREX.com offers various account types, we could not verify the availability of Islamic accounts in our research.
Trading Platforms & Tools
FOREX.com provides a comprehensive suite of trading platforms, including the popular MetaTrader 4 and 5, alongside its proprietary WebTrader and Mobile App. This diverse offering ensures traders can access the markets from various devices and leverage advanced tools like Expert Advisors. The inclusion of TradingView integration further enhances charting and analysis capabilities for all types of traders.
Platform Feature Comparison
| Feature | MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | FOREX.com Mobile App |
|---|---|---|---|
| Platform Type | Desktop, Web, Mobile | Desktop, Web, Mobile | Mobile App |
| Expert Advisors | Supported | Supported | No |
| Copy Trading | No | No | No |
| Chart Types | Yes | Yes | Yes |
| One-Click Trading | Available | Available | Available |
Deposits & Withdrawals
FOREX.com supports a variety of popular deposit and withdrawal methods, including credit/debit cards, bank transfers, and e-wallets. Most deposit methods are processed quickly, often immediately, making funding your account efficient. While the broker generally doesn’t charge deposit fees, traders should be aware of potential fees for wire transfers and currency conversions, particularly for international transactions. The minimum deposit and withdrawal amounts are set at $100 or currency equivalent.
| Payment Method | Deposit Speed | Withdrawal Speed | Broker Fee |
|---|---|---|---|
| Visa, MasterCard, Maestro | Immediate | 24 hours | None |
| Bank Transfer | 1-2 business days (Europe/Australia), up to 1-2 business days (US domestic), 2-5 days (US international) | 3 working days (Australia), up to 1-2 business days (US), up to 48 hours (general) | $25 (US wires), $40 (international wires) for <$10,000 |
| Neteller | Immediate | Up to 24 hours | None |
| Skrill | Immediate | Up to 24 hours | None |
| PayPal | Immediate | Up to 24 hours | None |
Always check for any intermediary bank fees or currency conversion charges that might apply, especially for international wire transfers.
Education, Research & Analysis
FOREX.com provides a strong educational and research offering, designed to support traders at various experience levels. Their extensive Trading Academy covers fundamental concepts and advanced strategies through courses and video tutorials. Additionally, the broker offers regular market analysis, webinars, and an economic calendar, ensuring traders have access to timely insights. This comprehensive suite helps traders stay informed and continuously develop their skills.
FOREX.com offers a robust educational and research section, making it suitable for both new traders learning the ropes and experienced traders seeking in-depth market analysis.
Frequently Asked Questions
Is FOREX.com a regulated broker and is it safe to trade with them?
FOREX.com is highly regulated by multiple top-tier authorities globally, including the FCA, ASIC, CFTC, and NFA. They segregate client funds and offer negative balance protection for retail clients, which enhances safety for traders.
What is the minimum deposit required to open an account with FOREX.com?
To open a live trading account with FOREX.com, the minimum deposit required is $100, or the equivalent amount in another supported currency. This applies to both their Standard and Commission account types.
What are the typical spreads and commissions on FOREX.com?
On the FOREX.com Standard account, EUR/USD spreads can be as low as 1.2 pips with no commission. For the Commission account, EUR/USD spreads start from 0.0 pips, accompanied by a commission of $7 USD per $100,000 USD traded round trip.
What leverage options does FOREX.com offer for retail traders?
Maximum leverage at FOREX.com varies significantly based on the regulatory entity and the specific asset class. For example, retail traders under FCA or ASIC regulation can access up to 30:1 leverage on major currency pairs, while professional traders may qualify for up to 400:1.
Which trading platforms are available at FOREX.com?
FOREX.com provides a comprehensive selection of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), their proprietary WebTrader, and a dedicated Mobile App. They also offer integration with TradingView for advanced charting and analysis.
How long do withdrawals take from FOREX.com and are there any fees?
FOREX.com typically processes withdrawals internally within 1-2 business days, though the total time for funds to reach your account can extend to 3-10 business days depending on the method. While most withdrawals are free, wire transfers incur a $25 fee for US wires and $40 for international wires if the amount is less than $10,000.
Does FOREX.com support US clients for trading?
Yes, FOREX.com does accept clients from the United States. It is regulated by the NFA and CFTC in the USA, operating as a registered FCM and RFED, which allows it to offer forex trading services to US residents.
Is there a demo account available with FOREX.com?
Yes, FOREX.com offers a free demo account. This allows prospective traders to practice their strategies and familiarize themselves with the platform and market conditions without risking real capital.
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