If you’re searching for a reliable Forex broker, you’ve likely come across FOREX.com. But is it the right choice for your trading needs? In this detailed FOREX.com review, we’ll cover everything you need to know including trading platforms, fees, regulation, pros and cons, and more.
FOREX.com Overview
FOREX.com is one of the most well-known online Forex and CFD brokers, operated by GAIN Capital Holdings. Established in 1999, it has grown into a trusted platform for traders worldwide, offering access to 80+ currency pairs, commodities, indices, and cryptocurrencies.
The broker is regulated by top-tier authorities, including:
- Financial Conduct Authority (FCA) – UK
- Commodity Futures Trading Commission (CFTC) – USA
- National Futures Association (NFA) – USA
- Australian Securities and Investments Commission (ASIC) – Australia
- Investment Industry Regulatory Organization of Canada (IIROC) – Canada
This strong regulatory framework ensures security and transparency, making FOREX.com a safe choice for traders.
FOREX.com Trading Platforms
FOREX.com offers multiple trading platforms to suit different trader preferences:
1. WebTrader (Browser-Based Platform)
- User-friendly interface
- Advanced charting tools
- Customizable layouts
- No download required
2. MetaTrader 4 (MT4)
- Popular among Forex traders
- Supports automated trading (Expert Advisors)
- Advanced technical indicators
- Available on desktop and mobile
3. FOREX.com’s Advanced Trading Platform
- Advanced order types
- Real-time market news
- Integrated trading signals
- Depth of Market (DOM) view
4. Mobile App (iOS & Android)
- Trade on the go
- Full charting capabilities
- Real-time alerts
- Secure login options
Account Types & Minimum Deposit
FOREX.com offers different account types depending on your region:
- Standard Account – No minimum deposit (varies by country)
- Commission Account – Lower spreads but charges a commission
- Professional Account – For experienced traders (higher leverage, no negative balance protection)
Most traders start with the Standard Account, which requires a minimum deposit of $100 (or equivalent in other currencies).
Spreads, Fees & Commissions
FOREX.com offers competitive spreads, but costs vary by account type:
- Standard Account: Spreads start from 1.0 pips (EUR/USD)
- Commission Account: Spreads from 0.2 pips + $5 per lot commission
Other fees to consider:
- Overnight financing (swap fees)
- Inactivity fee ($15/month after 12 months of no trading)
- No deposit or withdrawal fees (bank transfers may incur bank charges)
Leverage & Trading Instruments
Leverage depends on your location and account type:
- Up to 1:30 for retail traders (EU/UK regulations)
- Up to 1:50 for professional traders
- Up to 1:200 for clients outside major regulatory zones
Tradable assets include:
- Forex (80+ pairs)
- Indices (CFDs on S&P 500, NASDAQ, etc.)
- Commodities (Gold, Oil, Silver)
- Cryptocurrencies (Bitcoin, Ethereum, Litecoin)
- Stocks & ETFs (via CFDs in some regions)
Deposits & Withdrawals
FOREX.com supports multiple payment methods:
- Bank Transfer (1-3 business days)
- Credit/Debit Cards (Visa, Mastercard – instant)
- PayPal (instant in some regions)
- Skrill & Neteller (e-wallets)
No deposit fees, but withdrawals may have small charges depending on the method.
Customer Support
FOREX.com provides 24/5 customer support via:
- Live Chat (fastest response)
- Phone Support (multiple regional numbers)
- Email Support (response within 24 hours)**
The support team is knowledgeable, but some users report delays during peak times.
Pros & Cons of FOREX.com
Pros:
✅ Strong regulation & security
✅ Multiple trading platforms (MT4, WebTrader, Advanced Platform)
✅ Competitive spreads & low fees
✅ Wide range of tradable assets
✅ Good educational resources
Cons:
❌ Inactivity fee ($15/month after 1 year)
❌ No MetaTrader 5 (MT5) support
❌ Limited cryptocurrency offerings compared to some brokers
Final Verdict: Is FOREX.com Worth It?
FOREX.com is a reliable and well-regulated broker suitable for both beginners and experienced traders. Its user-friendly platforms, strong security, and competitive spreads make it a solid choice for Forex and CFD trading.
However, if you’re looking for higher leverage (above 1:30) or more crypto options, you might want to explore other brokers like Pepperstone or IC Markets.
Who Should Use FOREX.com?
✔ Forex traders who value regulation & safety
✔ Traders who prefer MT4 or advanced charting tools
✔ Beginners looking for educational resources
Who Should Avoid FOREX.com?
✖ Traders needing ultra-high leverage (1:500+)
✖ Those looking for a wide range of cryptocurrencies
Conclusion
In this FOREX.com review, we’ve covered the key aspects—regulation, trading platforms, fees, and pros & cons. Overall, FOREX.com is a trustworthy broker with strong features for Forex and CFD traders.
Ready to start trading? Visit FOREX.com’s official website to open an account today!
FAQs About FOREX.com
1. Is FOREX.com safe?
Yes, FOREX.com is regulated by top-tier authorities like the FCA, ASIC, and NFA, ensuring a secure trading environment.
2. What is the minimum deposit for FOREX.com?
The minimum deposit is $100 for most standard accounts.
3. Does FOREX.com offer a demo account?
Yes, FOREX.com provides a free demo account with virtual funds to practice trading.
4. Can I trade cryptocurrencies on FOREX.com?
Yes, but the selection is limited compared to dedicated crypto exchanges.
5. Does FOREX.com charge withdrawal fees?
Most withdrawal methods are free, but bank transfers may have small fees.
This FOREX.com review provides an unbiased look at the broker’s features. If you found it helpful, share it with fellow traders! 🚀
Disclaimer: Trading Forex and CFDs carries risk. Only trade with money you can afford to lose.
