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- Regulations
- Trading Instruments
- Trading Platforms
- Payment Methods
- Account Types
- Support
- Conclusion
In operation since 2001, Forex.com is a global CFD and Forex broker that delivers competitive, transparent pricing and a broad range of markets to its clients. Its platforms provide comprehensive tools and features, while traders gain access to hundreds of global markets and can speculate on Forex, shares, indices, commodities and cryptocurrencies.
Forex.com is a generally safe and reliable broker, holding licenses in multiple jurisdictions. It is regulated by several top-tier authorities, including the CFTC/NFA in the United States and the FCA in the United Kingdom, and is owned by StoneX, a publicly traded company (NASDAQ:SNEX). The broker does not charge separate trading fees and is instead compensated through the spread, although certain account types may apply a commission on every million traded. In accordance with regulatory requirements, the maximum leverage is 1:50. Compared with other retail Forex and CFD brokers, Forex.com’s spreads are average, typically ranging from 0.84 to 1.9 pips.
| General Information about Forex.com | |
|---|---|
| Min. Deposit | $100 |
| Supported Languages | Arabic, German, English, Japanese, Russian, Chinese (Mandarin) |
| Supported Currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
| Website | https://www.forex.com/en/ |
| Phone Number | +1 908 315 0653 |
| Support Email | global.support@forex.com |
| Headquarters Address | 30 Independence Blvd Suite 300 (3rd floor), Warren, NJ 07059, USA |
Regulation
The broker is part of GAIN Capital Group LLC, one of the early pioneers of online foreign exchange trading. The company is headquartered in Bedminster, New Jersey, and maintains several subsidiaries outside the United States. GAIN Capital Group LLC also operates other retail foreign exchange brands, including CityIndex, and was acquired by StoneX Group Inc. (NASDAQ:SNEX) in 2020.
In addition to its Bedminster headquarters, GAIN Capital Group LLC has offices in North America, Europe and the Asia-Pacific region. It also holds licenses to offer Forex and CFD trading under a wide range of regulators worldwide. It is regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the US, the Financial Conduct Authority in the United Kingdom, the Investment Industry Regulatory Organization of Canada (IIROC), the Japanese Financial Services Authority (FSA) in Japan, the Cayman Islands Monetary Authority (CIMA) in the Cayman Islands, the Australian Securities and Investments Commission (ASIC) in Australia, the SFC in Hong Kong, and the Monetary Authority of Singapore (MAS) in Singapore.
| Regulator | Licence |
|---|---|
| CFTC | 0339826 |
| CIMA | 25033 |
| CIRO | StoneX Financial (Canada) Inc. |
| CySEC | 400/21 |
| FCA | 446717 |
| JFSA | 2010401047199 |
| MAS | StoneX Financial Pte. Ltd. |
Trading Instruments
Forex.com is primarily a Forex broker but along with this market, it also offers access to more than 300 trading products, including CFDs on commodities and cryptocurrencies where traders can speculate on gold or Bitcoin without having to take ownership.The products and services available to you at FOREX.com will depend on your location, and on which of its regulated entities holds your account. This also includes maximum leverage and deposit/withdrawal methods.Forex
The foreign exchange market is the largest and most liquid market in the world and is preferred by individual traders because of the attractive speculative opportunities it offers. Traders can choose between spot, forward, and futures Forex markets, hedge against interest-rate risk, and trade using leveraged positions. As you can probably tell from the name, Forex.com is one of the world’s leading FX brokers.
It offers trading on more than 80 currency pairs, including all major ones such as EUR/USD and USD/JPY. Clients can also speculate on many other pairs that include currencies such as the euro (EUR), British pound (GBP), Swiss franc (CHF), and more. Compared with most of its competitors, Forex.com provides tight spreads on FX pairs – around 0.8 pips on highly traded currency pairs.
Indices
Forex.com also offers CFDs on some of the most popular market indices. CFDs, or contracts for difference, are derivative trading instruments that allow investors to speculate on price fluctuations in products such as commodities and indices without the need to buy the actual commodity or index. Index CFDs are preferred by many traders because they enable them to speculate on the value of a collection of shares within a particular industry or country rather than tracking the performance of individual companies and trying to predict whether each company’s value will increase or decrease.
The broker provides its clients with exposure to leading financial markets and some of the most influential companies in the world. Forex.com offers CFDs on roughly 20 different indices, each tracking the performance of the largest corporations in the US, the UK, Germany, and other regions. These include the primary Australian index, Australia 200; the UK 100, which comprises the largest UK companies by market capitalization; and the Wall Street 30, also known as the US30, Dow Jones 30, or DJ30. Other popular indices that can be traded at Forex.com include the US SP 500, Japan 225, China 50, US Tech 100, and many more.
Shares
Equity CFDs are also preferred by many traders because they allow them to speculate on both rising and falling markets while using leverage and avoiding stock-specific risks. Equity/share trading is available on Forex.com’s proprietary platforms, but it cannot be accessed through the MetaTrader platform also offered by the broker. Clients can build a portfolio of companies based on their interests, focus on specific markets, and projections for the performance of those companies and the sectors they represent.
Pricing is below average, with commissions as low as 0.08% per trade. Forex.com’s offering includes more than 220 of the most successful company shares from the US, the UK, and other global markets. Clients can trade the stocks of industry giants such as Apple, Netflix, JPMorgan, Lufthansa, Amazon, Uber, Tesla Motors, Alphabet Inc. A, Boeing, Goldman Sachs, and many others.
Commodities
Forex.com gives its clients access to both hard and soft commodities, making it possible to trade across a wide range of markets – from precious metals and oil to agricultural products such as cotton, coffee, and corn. Clients can speculate on spot and futures commodity CFDs with margins starting at 1% and spreads as low as 0.35 pips.
CFDs are the preferred way for individual traders to access commodities for one major reason: buying the physical asset typically involves risks such as transportation and storage costs. By opting for contracts for difference, clients avoid these inconveniences altogether. However, because CFDs are traded with leverage, traders cannot avoid risk – leverage can amplify both profits and losses. Other commodity CFDs available at Forex.com include heating oil, natural gas, platinum, copper, and U.S. and U.K. crude oil.
Cryptocurrencies
Another popular trading market over the past few years has been cryptocurrency CFDs – due to the market’s high volatility, most traders prefer trading CFDs on various cryptocurrencies rather than buying and holding the cryptocurrencies themselves. Forex.com offers several cryptocurrencies to choose from, including Bitcoin and Bitcoin Cash, which are currently among the world’s most popular digital assets.
Forex.com claims to offer the lowest prices on crypto trading – spreads start from 35 pips, and the required margin is 50%. Other cryptocurrencies available include Ethereum, Litecoin, and Ripple.
| Instrument | Spread |
|---|---|
| AUDUSD | AVG 1.3 pips |
| EURGBP | AVG 1.6 pips |
| EURUSD | AVG 1.3 pips |
| GBPUSD | AVG 1.8 pips |
| NZDUSD | AVG 2.1 pips |
| USDCAD | AVG 2.8 pips |
| USDCHF | AVG 2 pips |
| USDJPY | AVG 1.6 pips |
Trading platforms
 Platforms |
 PC / MAC |
 Smartphones |
 Tablets |
|---|---|---|---|
| MetaTrader 4 |   |   | |
| MetaTrader 5 | |||
| Web Trader | | | |
| Trading Information | |
|---|---|
| Trading Platforms | MetaTrader 4, MetaTrader 5, Forex.com |
| Demo Account |  |
| Hedging | |
| Scalping | |
| US Traders | |
| Arabic Traders | |
Forex.com offers a solid range of trading platforms, including the industry-standard MetaTrader 4 and the broker’s proprietary options. First, consider the Advanced Trading Platform, the broker’s premier offering, available as a free download for most desktop computers. This flagship platform suits more experienced traders, although its user interface remains straightforward.
It includes numerous drawing tools, multiple layout options, advanced live charts and nearly 140 technical indicators. The platform also incorporates Autochartist data for automated technical analysis, and clients can choose from more than 100 trading-strategy templates. Together, these integrated tools enable full customization and the development of strategies ranging from scalping to reversals.
Another option is Web Trader, a fast, convenient browser-based platform that offers advanced charts, a solid set of trading tools and more than 70 technical indicators. Traders can place stop-loss orders and manage their accounts with ease. In addition, Forex.com provides two fully featured mobile apps that let traders execute orders, track positions and monitor their preferred markets while on the go. The apps are free on the App Store and Google Play and are compatible with most modern Android and iOS devices.
The broker also provides access to the widely used MetaTrader 4 (MT4) platform. Most traders are familiar with MT4 and find it convenient and easy to use. It is highly customizable, supports trading robots through the Expert Advisors feature and includes integrated tools exclusive to Forex.com. MT4 users gain access to Reuters News, technical analysis from Trading Central, Forex.com research and more. The broker additionally offers MetaTrader Web and MT4 for Android, iPhone and iPad.
Payment methods
Forex.com allows customers to set one of several base currencies when opening an account. This is crucial because, if the broker operates in the same currency as a trader’s bank account, debit card or wire transfer, no conversion fees apply. Available base currencies include USD, EUR, GBP, CHF, CAD, AUD and JPY. Another advantage is that all payments are free—the broker does not charge fees for deposits or withdrawals.
Banking options are somewhat limited. Traders can fund their accounts with credit or debit cards from Mastercard, Visa or Maestro. Deposits appear instantly once the transaction is confirmed. Both deposits and withdrawals via card are free, and processing is fast and secure.
The alternative is a bank transfer. Although nearly everyone can use this method, it is not the most convenient way to fund an online trading account. Deposits via bank transfer typically take about three business days to settle, which can be too slow for many traders.
Withdrawals can be made by the same methods—either a credit/debit card or a bank transfer. Once again, processing takes longer when a bank transfer is selected; instead of receiving funds within three to four days via card, traders may wait up to 10 business days for the money to reach their bank account. The minimum deposit is only $100, which is notably low compared with many brokers that require at least $2,000 to open a live trading account.
| Brand | Minimum | Fees | Processing Time |
 | $50 | No Fees | 3 business days |
 | $50 | No Fees | 3 business days |
 | $50 | No Fees | 3 business days |
 | $50 | No Fees | 3 business days |
 | $50 | No Fees | 3 business days |
 | $50 | No Fees | 3 business days |
 | $50 | No Fees | 3 business days |
 | $50 | No Fees | 3 business days |
| Brand | Minimum | Fees | Processing Time |
| - | No Fees | 3-4 business days |
| - | No Fees | 3-4 business days |
| - | No Fees | 3-4 business days |
| - | No Fees | 3-4 business days |
 | - | No Fees | 3-4 business days |
| - | No Fees | 3-4 business days |
| - | No Fees | 3-4 business days |
| - | No Fees | 3-4 business days |
| - | No Fees | 3-4 business days |
Account types
Forex.com offers several account types, but clients can start by testing the platforms with a Demo Account. This risk-free environment showcases the broker’s trading services, features and available markets. Traders can experiment with derivative instruments and decide whether CFDs and leveraged trading suit their objectives.
In addition to the Demo Account, the broker provides live accounts—individual, joint and corporate. U.S. clients can also open Direct Market Access (DMA) accounts. With DMA, every trade is executed on an agency basis, and the broker charges a small commission. This setup appeals to serious traders who demand deeper liquidity. Pricing is typically lower, and the broker reimburses bank fees on wire transfers. DMA clients can also earn interest: 1.5% APY on the average daily available margin balance up to $50,000, and 0.5% APY on $50,000-$100,000.
| Market | Leverage |
|---|---|
| Forex CFDs | 1:30 (ASIC) |
| Forex CFDs | 1:50 (CFTC) |
| Forex CFDs | 1:200 (CIMA) |
| Forex CFDs | 1:30 (CIRO) |
| Forex CFDs | 1:30 (CySEC) |
| Forex CFDs | 1:30 (FCA) |
| Forex CFDs | 1:200 (MAS) |
| Metal CFDs | 1:400 (Pro Account) |
| Commodity CFDs | 1:200 (Pro Account) |
| Commodity CFDs | 1:10 (Standard Account) |
| Crypto CFDs | 1:20 (Pro Account) |
| Crypto CFDs | 1:2 (Standard Account) |
| Forex CFDs | 1:400 (Pro Account) |
| Forex CFDs | 1:25 (JFSA) |
| Index CFDs | 1:400 (Pro Account) |
| Index CFDs | 1:20 (Standard Account) |
| Stock CFDs | 1:5 (Standard Account) |
Support
Forex.com offers excellent customer support, an essential factor when selecting an online Forex and CFD broker. Clients benefit from professional, helpful assistance integrated directly into the trading platforms. They can contact the support team whenever the markets are open via live chat or by emailing info@forex.com or ukinfo@forex.com.
The broker also maintains dedicated phone lines staffed by local teams: U.S. clients can call 1-877-367-3946, U.K. clients 0800 056 7928, and Canadian clients 1-855-317-9242. Along with these local support centers, Forex.com provides extensive educational resources on its website and through the Demo Account, including tutorials on using the Forex.com and MetaTrader 4 platforms, plus market research, analysis and more.
Conclusion
Compared with most FX and CFD brokers, Forex.com offers competitive pricing and tight spreads, particularly on popular currency pairs. While its market variety is not the largest, it still covers the essentials with CFDs on Forex, commodities, shares, cryptocurrencies and indices. Maximum leverage is capped at 1:50, and traders can choose from several account types. Overall, Forex.com is a safe, reputable FX broker with nearly two decades of experience.