Forex.com
2.6/5

Forex.com

✔ Low forex fees ✔ Great variety of currency pairs
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Home » Forex.com

Forex.com was founded in 2001 as a forex and CFD broker. Having it recognised globally means that the broker is overseen by tier-one authorities, including the Financial Conduct Authority (FCA) and the Commodity Futures Trading Commission (CFTC). Simply put, Forex.com is a trusted broker.

Pros
  • Over 4,500 instruments for trading with.
  • Has a Direct Market Access account with spreads from 0.1 pip.
  • MetaTrader 4 and 5, primarily recommended to traders looking for advanced trading tools and features.
  • +90 currency pairs and spot metals.
Cons
  • Limited product portfolio.
  • High CFD fees.
Forex.com
Forex.com
Forex.com
Forex.com
Forex.com
Forex.com
Forex.com
Forex.com

Forex.com – Who Are They?

Forex.com is one of the most preferred forex and CFD brokers globally. This is because of its superior order execution speed, which is essential when trading highly volatile assets. In addition, the security it provides traders is another reason it is among the best forex and CFD brokers globally.

You can open a trading account on Forex.com with simple steps that take a few minutes. The trading platform for this broker is easy to use and customisable, allowing all traders – whether newbies, intermediate, and professionals – to enjoy their activities. 

Forex.com review

The minimum amount to deposit on Forex.com is $100. Making deposits and withdrawals of trading funds is also free of charge. What’s more, forex trading charges are among the lowest in the industry. Undoubtedly, Forex.com is a good broker for active traders and those on a low budget.

Finding a broker with excellent trading tools is not easy, and Forex.com excels in this category. You will access great interactive charts, economic calendars, a news feed, quality market reports, and trading ideas to help you build your trading capabilities even more. 

Compare Forex.com With Other Brokers

Compare with other broker
Minimum deposit
Payment & Withdraw options
Fee on Amazon
Fee on GBP/USD
Fee on Bitcoin
Fee on ETFs
Fee on Gold
Software
License
Demo account
Money Insurance
Stock Assets
Forex Assets
Commodities Assets
ETFs Assets
Cryptocurrency Assets
Forex.com logo
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
$100
Bank Wire Transfer
0.2 – 1.6 pips
0.03 pips
0.2 – 1.6 pips
No
0.2 – 1.6 pips
MetaTrader 4, MetaTrader 5, MetaTrader Web, MetaTrader Mobile, MetaTrader Apps, VPS Hosting
CFTC, ESMA, FCA
Yes
Yes (up to $115,793)
380
91
29
No
5
eToro logo
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
$200
Credit card, PayPal, Bank transfer, Neteller, Skrill, WebMoney
0.1%
0.1%
From 1.5%
0.1%
From 2 pips
eToro Proprietary Platform
ASIC, CySec, FCA, FSAS, FSCS
Yes
Yes (up to $115,793)
2044
47
13
145
15
Plus500 logo
Visit site
Risk Warning
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
$100
Bank Wire Transfer, Credit cards, Paypal, Skrill
Spreads apply*
Spreads apply*
Spreads apply*
Spreads apply*
Spreads apply*
Plus500 Webtrader
ASIC, FCA, FSCA
Yes
2000+ (CFDs only)
70+ (CFDs only)
4 (CFDs only)
96 (CFDs only)
9 (CFDs only)
CMC Markets logo
Visit site
Risk Warning
69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
No
Credit cards, Paypal
0.08%
0.11%
From 0.7 pips
0.08%
From 0.3 pips
MetaTrader 4
FCA, BaFin
Yes
Yes (up to $115,793)
8,000
338
136
1,000
13

Compare brokers

Close

*Additional fees may apply

Our Opinion About Forex.com

We like the educational resources that Forex.com provides. These include learning videos, articles, glossary, and trading knowledge quizzes, which are used to analyse your skills and figure out if you are developing your trading skills even further. 

New traders should first try practising forex trading and how this broker works on its demo account. Loaded with $10,000, you can practise analysing markets and place as many trades as you like. Then, once you are confident with your skills, you can open a live trading account and try your luck.

Forex.com’s 4,500+ offerings on forex and CFDs will allow you to diversify your portfolio across various markets. All the above features on a user-friendly platform will give you one of the best forex trading experiences.

Note that, like other brokers, Forex.com has its drawbacks. The trading assets offered are limited since you cannot trade real stocks, commodities, cryptocurrencies, and more. In addition, The broker has an inactivity fee of $15 monthly should you fail to trade for over 12 months. 

Ultimately, Forex.com is a good broker, and any trader will have a great experience with it. Therefore, create your demo account and start practising. You can also download the trading app so that you may also be able to trade on the go. 

Adam Jarfjord
Adam Jarfjord

Head of the content of OnlineTrading. Adam creates, distributes, controls the content department, and also writes original guides, having many years of experience in trading. He checks each broker, trading platform, and app in detail so that you can quickly make your choice and be confident in it with his guides.

The opinion of our readers is critical to him, so Adam replies to every comment and tries to take into account the wishes of all readers in order to provide the most helpful information.

Forex.com Details

Deposit Methods
Licences
OnlineTrading.Reviews Rating:
✔ Low forex fees
✔ Great variety of currency pairs
Visit site
Risk Warning
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
4.0
Customer support
4.0
Commissions & Fees
4.0
Platform & Tools
4.0
Research
4.0 Overall Rating

6 Replies to “Forex.com”

  • Ameli says:

    I just reread the Forex.com review and was quite impressed with all the features. I’ve been trading forex for a long time and found this review very informative

  • Oral says:

    I believe that the most crucial thing in trading is to understand why you chose Forex? Why do you want to trade? What are your goals? Having answered these questions, you will see the goal in front of your eyes and move towards it by taking the first steps.

  • Paul says:

    I would say it’s good and trusted. It is also however quite expensive and restrictive in my opinion.
    I moved all my trading to Forex.com now as it’s way cheaper. I do still sometimes go on their website though to look at the analysis and sentiment

  • Underwood says:

    I’ve traded quite a bit with Forex.com and have only had good experiences. Just make sure you understand their fee system (spread will be charged for each trade) as well as all the minimum deposit levels and other terms that affect you as a trader.

    Also, if you’re a beginner you need to prepare yourself properly before you get started. Trading is always risky and even though Forex.com is a trustworthy broker, you need to protect yourself with the right knowledge, strategies, and a solid trading plan.

  • Colin Ingram says:

    I would say if you want to trade forex then you can absolutely go with them without any doubt. Forex.com is surely a reliable broker.

  • Maria says:

    When I see list of all trading currencies, I get a little confused. There are a lot of currency pairs. My current broker offers about 20 currencies for trading. The difference is huge especially when I see much better conditions with Forex.com. What I do not like is a minimum deposit is $100. Comparing to my broker it is very high level of entrance even if Forex.com gives you so many trading instruments…

Leave a Reply

Your email address will not be published.

Recent Reviews:
3.0 rating
✔ Wide range of offerings and services ✔ Commission-free trading
XM
4.3 rating
✔ Low minimum deposit ✔ Available in close to 200 countries around the world
4.5 rating
✔ $1 minimum deposit requirement ✔ Regulated by multiple top-tier authorities
3.8 rating
✔ No inactivity fee for Australians ✔ No minimum account deposit requirement
4.5 rating
✔ User-friendly platform ✔ Low investment charges
3.8 rating
✔ Zero commission for CFD trading ✔ No transaction nor inactivity charges
3.8 rating
✔ 10,000+ trading instruments ✔ Low minimum deposit requirement
Axi
4.0 rating
✔ Zero minimum deposit requirement ✔Excellent learning resources
4.5 rating
✔ Low trading commissions ✔ Outstanding educational materials
3.8 rating
✔ Quality education materials ✔ User-friendly web and mobile trading platforms
Recent Comments