Forex.com has been around since 2001, and it is a leading brand in the retail forex industry. The broker offers trading services in over 300 instruments, across forex, stocks, commodities, indices, and cryptocurrency, providing exceptional trading conditions, such as fast execution speeds, minimal slippage, and competitive trading fees. They provide their in-house trading platform, with all the unique tools that come with it, as well as the popular MetaTrader 4 (MT4) platform.
Forex.com Review Introduction
In this Forex.com review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Forex.com.
Forex.com Platforms & Tools
The broker has its own proprietary trading platform that is available in installable desktop applications for Mac and Windows computers, non-installable web versions, and mobile trading apps for iPhones, iPads, Android phones, and Tablets. In addition, they also provide the various — desktop, web, and mobile — versions of the very popular MT4 trading platform.
Forex.com also provides their clients with MT4 VPS hosting, as well as an advanced charting system powered by Tradingview. There are also smart technical analysis tools, like Autochartist and Recognia
Forex.com Research & Education
Forex.com has a range of educational materials for traders at all levels of experience — beginner, intermediate, and advanced. These materials are in the form of articles, trading guides, and trading videos. Additionally, the broker organizes webinars from time to time.
Forex.com Trading Accounts
The broker offers different account types, depending on the trading platform and traders’ location. With the minimum deposit starting from $50, it’s easy to start trading with them. Some of the account types include:
- com UK Account: For traders using the broker’s proprietary platform. Only spreads — no commissions
- MetaTrader UK Account: For traders who prefer the MT4 platform. Trading fees are in the spread, no commission
- com US Standard Account: For U.S. clients; the spread is marked up to include the commission
- com US Commission Account: There is a commission charge, with ultra-tight spreads.
- com US Direct Market Access Account: AN ECN account with spreads directly from the liquidity providers
Forex.com Account Funding
Forex.com accepts a limited number of payment methods for account funding and withdrawals. The only options accepted by the broker are bank wire transfer, debit cards, e-Check, and checks. Transaction fees depend on the type of transaction and the payment methods used. Bank transfers usually take a few working days to be processed.
Forex.com Customer Service
The broker’s support team can be reached via email, phone, and online chat, and they are always available 24 hours a day, on all trading days.
Forex.com is regulated in multiple jurisdictions around the globe, including the UK, US, Canada, Japan, Australia, and the Cayman Islands. The broker is licensed and regulated by the Financial Conduct Authority in the UK, where they are headquartered, but their affiliates in other countries are regulated by the financial authorities in those countries. Thus, the broker is also regulated by the following:
- The Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the US
- Australian Services and Investment Commission (ASIC)
- Financial Services Authority (FSA) in Japan
- Investment Industry Regulatory Organization of Canada (IIROC)
- Cayman Islands Monetary Authority (CIMA)
Clients’ funds are kept in segregated accounts held in some of the top banks around the world.
Forex.com Review Summary
Forex.com is a well-established online broker that is regulated in multiple jurisdictions. They provide forex and CFD trading services in a vast range of tradable instruments, including currency pairs, indices, cryptocurrency, and commodities, offering competitive fees and fast execution speed.
It is worth mentioning that some of the trading products and services in this Forex.com review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Forex.com website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.