| Founded: | Account Currencies |
| 1999 | USD, EUR, GBP |
| Trading Instruments: | Trading Platforms: |
| Forex, Commodities, Indices, Shares, Cryptos | MT4, MT5, Web Trader, Mobile App |
| Funding Methods: | Regulation |
| Credit/debit cards (Visa/Mastercard), and e-wallets like Skrill or Neteller. | CySEC (Cyprus) FCA (UK) ASIC (Australia) |
| Max Leverage: | Min Deposit: |
| 1:50 | $2500 |
Pros and Cons
| Pros | Cons |
| Wide range of trading instruments | Fees can be higher on standard accounts |
| Advanced trading platforms | Limited product range compared to some competitors |
| Excellent research and educational resources | Inactivity fee |
| Competitive with tight spreads | Platform interface can be complex or not very beginner-friendly |
| Strong reputation and long history | Mixed reviews in the past |
Trust and Safety
FOREX.com is an established online trading broker that has been operating since 2001. The brand provides access to global financial markets and operates through regulated entities in multiple jurisdictions.
FOREX.com states that it is regulated in seven jurisdictions worldwide and serves traders across more than 180 countries. In the United States, FOREX.com is registered as a Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
The broker is part of StoneX Group Inc., a publicly traded company listed on NASDAQ under the ticker SNEX. FOREX.com says its parent company follows corporate governance, financial reporting, and disclosure standards applicable to a publicly listed financial-services group.
Client Fund Protection
FOREX.com states that customer deposits are kept separate from the company’s operating funds and distributed across a network of custodian banks and brokers. The broker also says it regularly reviews the financial strength and creditworthiness of counterparties holding company and customer assets.
For US clients, customer assets and related obligations are reported to the NFA on a daily basis as part of the broker’s regulatory framework.
Account Security
FOREX.com follows identity-verification and anti-money-laundering procedures as part of its account-opening process.
The broker says that applicants typically provide their name and address to establish their identity, with identity verification often completed electronically. Additional information or documentation may be requested depending on the account and regulatory requirements.
Tradable Instruments
FOREX.com provides access to a broad selection of financial markets. The exact instruments available can vary according to the client’s country and regulatory entity.
Forex
Forex is the primary market offered through FOREX.com.
The US platform currently provides access to 80 currency pairs, including major and other global FX pairs.
Traders can select between spread-only pricing and RAW pricing, depending on their preferred cost structure.
Futures
FOREX.com also provides access to futures-related markets through its affiliate FuturesOnline.
The broker highlights futures and futures options as an additional way for traders to diversify their market exposure.
Other Markets
The markets and products available through FOREX.com can differ by jurisdiction.
For this reason, traders should check the market list applicable to their specific country rather than assuming that every FOREX.com account offers the same instruments.
Account Types
FOREX.com offers several account structures designed around different trading preferences.
For US clients, the currently published choices include Spread-Only, RAW Pricing, MetaTrader 5, and MetaTrader 4 accounts.
Spread-Only Account
The Spread-Only account is designed for traders who prefer a traditional forex pricing structure.
There is no separate commission on trades because the broker’s compensation comes through the spread. FOREX.com currently advertises variable spreads, with pricing on EUR/USD available from as low as 1.0 pips on its account comparison page.
The account can be used through FOREX.com’s web and mobile platforms and TradingView, while MT4 is also available for supported accounts.
RAW Pricing Account
The RAW Pricing account is aimed at traders who prefer tighter spreads and are comfortable paying a separate commission.
FOREX.com currently advertises EUR/USD spreads as low as 0.0 pips and a commission of $7 USD per $100,000 traded.
This pricing model may be particularly attractive to active traders who want to reduce the spread component of their trading costs.
MetaTrader 5 Account
FOREX.com offers a MetaTrader 5 account for traders who prefer the MT5 platform.
The account provides access to competitive spreads without separate commissions and includes additional tools such as Reuters news, Trading Central analysis, Expert Advisors, and other platform features.
MetaTrader 4 Account
MT4 remains available for traders who prefer the older and widely used MetaTrader environment.
FOREX.com’s MT4 offering includes competitive spreads with no separate commission, access to 80 currency pairs, Expert Advisors, exclusive indicators from FX Blue, and VPS hosting subject to the applicable conditions.
Demo Account
FOREX.com also provides demo accounts for traders who want to practise without risking real money.
A demo account can be useful for testing strategies, exploring the platform, and becoming familiar with order placement before moving to live trading.
Commission and Fees
Minimum Deposit
For US accounts, FOREX.com currently states that the minimum initial deposit is $100. The broker recommends starting with at least $2,500 to provide greater flexibility and allow for more effective risk management.
The minimum transaction for US bank-transfer or debit-card funding is also $100. Wire transfers do not have a stated minimum transaction amount.
Spreads
FOREX.com uses variable spreads rather than fixed spreads.
The exact spread depends on the currency pair, market conditions, liquidity, and account type. The broker states that spreads can widen during periods of high volatility or lower liquidity.
Trading Commission
The Spread-Only account does not charge a separate commission.
The RAW Pricing account currently charges $7 per $100,000 USD traded. A complete round-trip transaction involves an opening and closing trade, so the commission applies to each leg.
Rollover and Overnight Costs
Positions held beyond the broker’s daily rollover time may incur rollover financing charges or credits.
FOREX.com states that rollover rates are published daily and available within its trading platform. Intraday traders who have no open trades at 5 PM ET do not incur rollover on those trades.
Currency Conversion
If a trade settles in a currency different from the account’s base currency, the resulting profit, loss, fees, and commissions may be converted into the account’s base currency.
FOREX.com states that it does not charge a separate fee for this currency conversion, although the conversion itself is performed at the applicable rate.
VPS and EA Hosting
FOREX.com provides Expert Advisor hosting for eligible clients.
The broker states that clients who trade at least $500,000 in notional volume per month can qualify for free EA hosting. Accounts that do not meet the requirement may be charged 30 units of the base currency for VPS service.
Trading Platforms
FOREX.com offers several platforms, giving traders flexibility in how they access the markets.
FOREX.com Web Trader
The broker’s Web Trader platform is designed for browser-based trading.
It provides real-time pricing and allows users to trade the available currency pairs without installing traditional desktop software. FOREX.com currently states that its Web Trader provides access to 80 FX pairs.
The platform includes chart-based trading, risk-management functionality, watchlists, alerts, and market-analysis features.
Mobile Trading App
FOREX.com provides mobile applications for traders who want to monitor and manage positions while away from their computers.
The mobile platform includes advanced charts, one-swipe trading, alerts, and a customizable interface.
TradingView
FOREX.com supports TradingView for spread-only accounts in the US.
Traders can use TradingView’s web, mobile, or downloadable desktop platforms while connecting their eligible FOREX.com account.
MetaTrader 4
MT4 is available for traders who prefer a familiar platform with extensive technical-analysis and automated-trading functionality.
FOREX.com supports Expert Advisors and additional indicators through its MT4 offering.
MetaTrader 5
MT5 provides an updated MetaTrader environment with additional analytical capabilities and improved market-search functionality.
FOREX.com offers MT5 across supported desktop, web, and mobile environments.
Unique Features
FOREX.com’s RAW Pricing account is one of its main attractions for active forex traders.
The account provides access to very tight spreads, with EUR/USD advertised as low as 0.0 pips, combined with a fixed $7 commission per $100,000 traded.
Performance Analytics
FOREX.com provides Performance Analytics, a tool designed to help traders review their historical trading behaviour.
The feature can provide insight into trading patterns and performance, helping users identify areas that may need improvement.
Trading Central
Trading Central is integrated into FOREX.com’s trading ecosystem.
The service provides technical-analysis information and trading insights that can supplement a trader’s own market research.
Reuters News
FOREX.com provides access to Reuters news through supported accounts and platforms.
This gives traders access to financial news and market developments while monitoring their positions.
VIP Programme
High-volume traders may qualify for FOREX.com’s VIP programme.
The broker currently advertises cash rebates of up to $10 per million traded for eligible clients.
Price Improvement
FOREX.com states that its price-improvement technology can automatically provide an improved execution price when a better price becomes available after an order is submitted.
However, the broker also notes that fast-moving markets can result in slippage.
Research and Education
Market Analysis
FOREX.com provides market-analysis resources covering developments across the financial markets.
The broker offers trade insights, analyst views, market news, and technical-analysis information through its website and trading platforms.
Trading Central
Trading Central is one of the analytical tools available through the FOREX.com ecosystem.
It can provide technical insights that traders may use alongside their own research and analysis.
Educational Content
FOREX.com provides educational material aimed at helping traders understand forex markets, trading strategies, technical analysis, risk management, and platform functionality.
The broker also provides video tutorials covering its mobile app, web platform, and MetaTrader products.
Demo Trading
The demo environment gives new traders an opportunity to practise with live market pricing without immediately putting real capital at risk.
It can also be useful for experienced traders who want to test a new strategy or platform feature.
Customer Support
FOREX.com provides customer support for account, funding, platform, and trading-related questions.
Clients can use the broker’s support resources to find information about account management, pricing, funding, and other common issues.
The FOREX.com help centre includes detailed information covering areas such as account opening, funding, pricing, platform functionality, regulation, and withdrawals.
This provides traders with a self-service option for resolving common questions before contacting customer support.
Because FOREX.com operates through multiple regulated entities, customer-support arrangements and available services can vary according to the client’s country.
Traders should therefore use the support channels associated with the entity servicing their account.
Account Opening
Registration
Opening a FOREX.com account starts with an online application.
Applicants provide their personal details and information required to establish their identity. FOREX.com states that identity verification can often be completed instantly.
Verification
The broker conducts identity and compliance checks before allowing clients to fully use their live trading account.
Additional information may be requested when required by applicable regulations.
Account Selection
Once the application process is underway, traders can select the account structure that matches their preferred pricing model.
The main options include Spread-Only, RAW Pricing, MT4, and MT5 accounts for US clients.
Funding
After approval, traders can fund their accounts through supported payment methods.
FOREX.com states that US customers can fund accounts using ACH bank transfer, wire transfer, debit card, or broker-to-broker transfer.
Deposits and Withdrawals
Bank Transfer
US clients can fund accounts through ACH bank transfers.
FOREX.com states that ACH deposits have a $100 minimum per transaction, with a maximum of $10,000 per transaction and up to $50,000 over seven days. Funds are typically available immediately for trading.
Wire Transfer
Wire transfers do not have a minimum or maximum deposit amount according to FOREX.com’s US funding information.
Domestic wires can take approximately one to two business days, while international wires can take two to five business days before funds are available for trading. FOREX.com does not charge an incoming wire fee, although banks or intermediary institutions may charge their own fees.
Debit Card
US clients can also use Visa or Mastercard debit cards.
The minimum deposit is $100 per transaction, while the maximum is $10,000 per transaction. FOREX.com does not charge an incoming card-deposit fee, although the card issuer may apply currency-conversion or cross-border charges.
Withdrawal Process
Withdrawals are subject to the broker’s account and funding procedures.
FOREX.com does not accept third-party funding, meaning the name on the trading account must correspond with the name on the external financial account used for funding or withdrawal.
Final Thoughts
FOREX.com is a long-established online forex broker with a history dating back to 2001. The brand operates through regulated entities across multiple jurisdictions and is part of StoneX Group Inc., a publicly traded financial-services company.
One of FOREX.com’s strongest features is its choice of pricing models. Traders can use a traditional Spread-Only account with no separate commission or choose RAW Pricing when they want tighter spreads combined with a fixed commission. The RAW account currently advertises EUR/USD spreads as low as 0.0 pips and charges $7 per $100,000 traded.
The broker also provides a strong selection of trading platforms. Users can choose between FOREX.com’s Web Trader, mobile applications, TradingView, MetaTrader 4, and MetaTrader 5, depending on their account and jurisdiction.
Another advantage is the range of integrated trading tools. Performance Analytics, Trading Central, Reuters news, technical-analysis resources, Expert Advisors, and VPS support give traders access to more than basic order execution.
For US clients, the minimum initial deposit is currently $100, although FOREX.com recommends starting with $2,500 to provide more flexibility and support better risk management. The broker offers ACH transfers, wire transfers, debit cards, and broker-to-broker transfers for funding.
Security is another important consideration. FOREX.com states that customer funds are kept separate from its operating funds and held through a network of custodian banks and brokers. Its US operations are registered with the CFTC and are members of the NFA.
The broker’s pricing is not fixed, meaning spreads can change depending on liquidity and market volatility. Traders should also consider rollover costs when holding positions overnight and understand the commission structure of the selected account before trading.
Overall, FOREX.com review may be suitable for traders who value an established broker, regulatory oversight, multiple trading platforms, transparent pricing options, and a broad forex offering. Its Spread-Only account may appeal to traders who prefer simple pricing, while the RAW Pricing account is more suitable for active traders who prioritise tighter spreads.
As with any leveraged trading provider, prospective clients should verify the FOREX.com entity available in their country, review the applicable regulatory protections and costs, and make sure the account and leverage conditions match their trading experience and risk tolerance.
