Forex.com
Trusted Global Forex & CFD Broker
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Trusted Global Forex & CFD Broker
Forex.com Review: Forex.com is a globally regulated, award-winning broker that offers competitive pricing and fast execution.
FOREX.com is a fully owned subsidiary of the StoneX Group Inc., which is listed on the NASDAQ under the ticker SNEX. Forex.com provides traders with institutional-grade infrastructure and access to thousands of instruments, including FX pairs, indices, share CFDs, commodities, and crypto CFDs.
Forex.com, in business for over 20 years, is a globally recognized forex and CFD broker regulated by CySEC, FCA, and CFTC/NFA, with a strong presence in Europe, the UK, and the US.
Wide Market Access: Trade CFDs across FX, indices, shares, commodities, and crypto with transparent pricing and deep liquidity.
Tight Spreads & Clear Commission: Spreads from 0.0 pips on RAW Spread accounts; $5 commission per $100,000 traded.
Strong Regulation & Security: Regulated in Cyprus (CySEC) within the EU, the UK (FCA), the US (CFTC/NFA), and others. Client funds are fully segregated, with negative-balance protection for retail clients.
Powerful Tools & Insights: Includes Performance Analytics, Trading Central, Reuters news feed, and an integrated trading calendar.
Multiple Platforms Available: Proprietary Forex.com platform, MetaTrader 5 (MT5), and full integration with TradingView for advanced charting.
Flexible Funding Options: Deposit and withdrawal via card, bank transfer, Skrill, Neteller, PayPal, with minimal or no fees.
GSLO & Risk Tools: Guaranteed Stop Loss Orders offer gapping protection; negative-balance protection safeguards your equity.
Financially Robust & Reputable: Part of StoneX Group, offering institutional-level infrastructure and oversight.
Forex.com at a Glance
Forex.com Pros and Cons
✔ Pros
Regulated globally with transparent client protection
Choice of advanced platforms and tools
Tight spreads, on Raw spread account
Fast execution and positive trading stats
Comprehensive research and analytics
Demo account with €10,000 virtual funds
✖ Cons
€15 inactivity fee after 12 months without trading
Demo accounts cannot be renewed after 90 days
Pricing and rollover structures may be complex for some users
Limited access to certain global markets (e.g., fewer Asian stock CFDs)
Forex.com serves two types of Traders
New Traders
Forex.com offers an ideal starting point with a 90-day demo account (with €10,000 in virtual funds), extensive educational content, platform walkthroughs, and a straightforward account structure that eases new traders into the live environment.
Experienced Traders
Advanced traders gain access to RAW Spread and MT5 accounts, institutional liquidity, algorithmic trading tools, FIX API where offered, and premium analytics combined with TradingView integration for custom strategies and expert charting.
Forex.com Platform
A standalone web/mobile/desktop platform featuring one-click trading, technical charts, market news, and integrated tools.
MetaTrader 5 (MT5)
Powerful for algorithmic trading, complete with Expert Advisors, multiple timeframes, and advanced charting indicators.
TradingView Integration
Execute trades directly from TradingView’s charting interface, using over 100 indicators, drawing tools, and alerts.
Standard Account
The Standard Account is the simplest option. There are no commissions on forex trades, apart from share CFDs where commission is charged.
This account gives traders access to all Forex.com platforms, including the proprietary platform and MetaTrader, along with integrated analytics and research tools. It is suitable for casual or beginner traders who want straightforward pricing without additional costs.
RAW Spread Account
The RAW Spread Account provides much tighter pricing, with spreads starting from 0.0 pips. Instead of wider spreads, traders pay a fixed commission of $5 for every $100,000 traded.
This account is aimed at more active or higher-volume traders who benefit from low-cost trading. By combining raw interbank spreads with a flat commission, it provides maximum transparency on costs.
MetaTrader 5 Account
The MetaTrader 5 Account is a spread-only option, with no commissions on forex trades, apart from share CFDs.
It is suited to traders who prefer using MT5 but want the simplicity of commission-free pricing. This account still provides access to the full suite of MT5 tools and a wide selection of markets.
RAW Spread MT5 Account
The RAW Spread MT5 Account offers the same pricing structure as the RAW Spread account but is available on the MetaTrader 5 platform.
This account allows traders to combine tight spreads and commission-based pricing with MT5’s advanced trading features, such as Expert Advisors, custom indicators, and backtesting. It is designed for traders who prefer algorithmic or strategy-driven approaches.
Forex.com Fees
Forex.com offers a clear and flexible fee structure designed to suit different account types and trading styles. Here is a breakdown of how fees and costs apply:
Spreads
Spreads are a core trading cost and vary depending on the account type:
Standard Account: Spreads start from 0.7 pips, with no commissions on forex trades. This account is straightforward and suited for casual traders.
RAW Spread Account: Spreads start from 0.0 pips, with commissions charged separately. This option is better for active traders who want the tightest pricing.
RAW Spread MT5 Account: Same as the RAW Spread account but available on MetaTrader 5, offering tight spreads and advanced trading features.
MetaTrader 5 Account: Spreads from 0.7 pips, no forex commissions, designed for traders who prefer MT5’s tools with a simpler fee model.
Commissions
Forex.com charges commissions only on certain accounts and instruments:
RAW Spread Accounts: $5 per $100,000 traded (per round turn).
Shares: Commission-based, with rates depending on the region.
Standard and MT5 Accounts: No commission on forex trades (excluding share CFDs).
Overnight financing charges apply when positions are held past market close.
Rollover costs are updated daily at 5 pm ET.
They are based on the interest rate differential of the instruments traded.
No rollover is charged for intraday positions.
Deposit and Withdrawal Fees
Forex.com does not charge internal fees for deposits or withdrawals.
Funding methods include bank transfers, debit/credit cards, PayPal, Skrill, and Neteller.
Third-party banks or payment providers may apply their own transfer or conversion fees.
Inactivity Fee
A €15 monthly inactivity fee applies if an account has no trading activity for 12 consecutive months.
Forex.com Leverage
Europe and UK
Retail traders are limited to a maximum 30:1 leverage, in line with ESMA and FCA rules.
This typically means a 3.33% margin requirement on major forex pairs.
Negative balance protection is included for retail clients to prevent losses from exceeding deposits.
Forex.com Withdrawal
Supported Withdrawal Methods
Bank Transfer: Funds are typically credited within 1–2 business days after processing. International bank transfers may take longer and could involve intermediary bank fees.
Debit/Credit Cards (Visa, Mastercard, Maestro): Withdrawals are usually processed quickly, but the time it takes for funds to reach the card depends on the card provider.
E-Wallets: Skrill, Neteller, and PayPal withdrawals are processed immediately once approved, although processing by the e-wallet provider may add slight delays.
Fees
Forex.com does not charge any fees for withdrawals.
Third-party providers such as banks, card issuers, or e-wallet companies may charge their own fees, particularly for international transfers.
No withdrawals are permitted to third-party accounts; the name on the receiving account must match the Forex.com trading account.
Forex.com Banned Countries
Banned Countries
Forex.com does not accept clients from countries including Afghanistan, Albania, Angola, Bahamas, Barbados, Belarus, Belgium, Botswana, Burundi, Cambodia, Central African Republic, Chad, Comoros, Democratic Republic of Congo, Republic of Congo, Côte d’Ivoire, Cuba, Equatorial Guinea, Eritrea, Ethiopia, France, Ghana, Guinea, Guinea-Bissau, Haiti, Hong Kong, Iceland, Iran, Iraq, Israel, Jamaica, Lebanon, Liberia, Libya, Mauritius,
Mongolia, Myanmar, New Zealand, Nicaragua, Nigeria, North Korea, Pakistan, Panama, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Tajikistan, Trinidad and Tobago, Tunisia, Turkmenistan, Uganda, Uzbekistan, Venezuela, Western Sahara, Yemen, and Zimbabwe.
Region-Specific Restrictions
Canada: Forex and standard CFDs are available, but cryptocurrency CFDs are not offered.
United States: Forex trading and spot gold and silver are available, but CFDs and cryptocurrencies are not offered.
United Kingdom: Forex and most CFDs are available, but cryptocurrency CFDs are not permitted.
Steps to Open an Acoount
How to Open an Account with Forex.com
Register - Complete the online form with your personal details.
Choose Account Type - Select Standard, RAW Spread, RAW Spread MT5, or MT5.
Provide Financial Info - Answer questions on trading experience and background.
Verify Identity - Upload a valid photo ID and proof of address.
Fund Your Account - Minimum deposit is 100 units of your base currency. Supported methods include cards, bank transfer, PayPal, Skrill, and Neteller.
Start Trading - Log in to the Web Trader, Mobile App, MetaTrader 5, or TradingView. A demo account with €10,000 virtual funds is also available for 90 days.
Forex.com FAQs
Is Forex.com Regulated?
Forex.com is regulated in multiple jurisdictions including CySEC (Cyprus) within the EU, FCA (UK), and CFTC/NFA (US). Client money is fully segregated in top-tier banks, and retail clients benefit from negative balance protection in regulated regions.
What is Forex.com's Minimum Deposit?
The minimum initial deposit at Forex.com is 100 units of your selected base currency.
Where is Forex.com's Headquarters?
Forex.com’s global headquarters is located at 30 Independence Blvd, Suite 300, Warren, New Jersey 07059, USA.
The broker also maintains regional offices through its parent company StoneX Group, with regulated entities in Europe, the UK, Canada, Japan, Singapore, Hong Kong, Australia, and the Cayman Islands.
What is Forex.com's Trading Currency?
Forex.com accounts support USD, EUR, GBP, CHF, and PLN as base currencies, with all transactions held in the chosen currency.