info@comparebrokers.org +44 207 994 644

Forex.com Guide – Read our In-Depth Forex.com Review

This Forex.com review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this Forex.com review does not apply to US users.

This Forex.com review contains the latest information about Forex.com.

If you are a new entrant in the world of trading and broker, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You will acquire adept at all of the concepts of broker as you continue trading. For starters, you have to select the ideal agent who will be clear with you constantly.

In this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment program will create hefty returns. Forex.com is one such platform that will take you and your investment into great heights. It is crucial that you know all about Forex.com until you trust them with your cash.

Forex.com review

Our full Forex.com Review covers all you will need to learn about trading with Forex.com. A fantastic agent can multiply your first investments and give you favorable profits. If you want to make profits, you must trade with a broker service that contrasts with your investing goals.

There is no sure-fire way to guarantee profits; thus, you should carefully assess your broker before you select them. It's a frequent misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.

Forex.com is a broker which has forged its way successfully into the brokerage world. Within this review, we have tried to collate some of the vital facets of Forex.com. This review will help you to know whether Forex.com is a good fit for your investments or not. We have tried to breakdown all of the qualities and fees for your advantage.

Forex.com Review, Table Of Contents

Who are Forex.com?

Forex.com is a forex broker headquartered in United States and provides a range of instruments for online trading. Since its establishment in 1999, Forex.com has emerged as a top player in the field of online broker. Forex.com has a highly competitive and full-featured trading site that's focused on forex, indices, metals, stocks , commodities.

Over the past 22 years, Forex.com has grown into one of the leading online brokers.

After establishing in 1999, their customer base is becoming as big as 150,000+ clients.

Forex.com is the favorite for many traders because of its negative balance protection. Our Forex.com review discovered that they're an superb alternative for automated trading options. They're best suited for investors who are looking for an assortment of assets. Social and automated trading solutions are the heart at Forex.com.

Technology plays a substantial role in Forex.com. Forex.com features trading on MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps. Forex.com is honest, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.

The educational department at Forex.com is quite insightful for new dealers as it permits them to have a closer look at the financial markets. Forex.com caters to all types of traders and are a must-have broker for any well-diversified approach to trading.

Benefits of trading with Forex.com?

Trading with Forex.com includes many advantages. These advantages are what sets Forex.com apart from the rest of the online agents. You need to check all the benefits listed so you have a better understanding of Forex.com.

The agent goes to great lengths to comprehend what dealers need. Consequently, the support cost is low, quick, and convenient. The broker also gives a number of platforms for all types of traders. Forex.com ensures that the individual needs of all traders are completely met.

Forex.com also includes excellent trading conditions which are readily available to only an elite group of institutional customers. The tight spreads and fast executions are a great benefit for the traders. The technology embraced by Forex.com is of the highest caliber, ensuring that it is fast, reliable, and effective.

Forex.com acknowledges the significance of having a fast order execution. A quick execution enables users to trade without fretting about slippage safely. It will also aid the traders to grab the utmost profitable opportunities.

Automated trading is another major facet of Forex.com. A new dealer can learn from business experts utilizing the automatic trading option. The tight spread starts from as low as 0.0 pips, though they are available for just razor accounts.

Forex.com has over 4500 trading tools to support all types of traders. These tools are lively and suitable for both the new and experienced traders. The traders can put aside all their worries when trading using Forex.com.

Forex.com overview

Year Founded: 1999

Regulated By: Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)

Hedquarters: United States

Minimum Deposit: $Typical

Number Of Clients: 150,000+

73% of retail investor accounts lose money when trading CFDs with this provider

If you feel that Forex.com is not right for you then at the bottom of this Forex.com review you wil find a lot of alternatives to Forex.com.

Everything you should know about trading with Forex.com

Forex.com is a lively platform that provides various methods of online trading. These tools cover the monetary markets substantially. Most of the broker platforms provide fewer approaches than Forex.com

If you wish to exchange with Forex.com, you'll need a minimum deposit of $Typical. This deposit is required if you wish to begin trading using Forex.com. This 2021 Forex.com review will guide you clearly about trading with them.

Forex.com is as versatile as any other brokerage platform. Forex.com is excellent for traders that want a manageable selection of cheap services. The platforms supplied by Forex.com are third party, white-label offerings. All traders can choose out of MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps.

Along with everything, Forex.com has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a transaction has to be kept open. The brokers offer premium customer service which rewards customers with benefits.

Many less reputable brokers try to pressurise consumers into larger financing for premium services. Forex.com, on the other hand, is more concentrated on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the greater benefits will become available.

Forex.com accounts are available all over the world and provides outstanding service wherever they have customers. There are some select few countries where Forex.com accounts are not available. Traders in the following countries cannot open or use a Forex.com account:

Is Forex.com Safe To Trade With?

Launched in 1999, Forex.com has been operating for 22 years, they have a head office in United States.

Forex.com is regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA). These bodies have rules that mandate that trading platforms have ploicies in place to keep investor's assets secured. This means that Forex.com users don't need to be worried about their money since it is segregated and safely kept in banks that are established. SSL encryption secures every user's private information as well.

You can make use of a choice for 2 Factor Authentications (2FA) with Forex.com for heightened safety. An SMS with the confirmation code will be sent to a mobile phone. You will be required to input this code to log in to your accounts.

Another concern with financial brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is much more widespread in the case of Market Maker brokers who compete with users on the platform.

Pro's & Con's Of Trading With Forex.com

Every online trading platform will have a few pros and cons Forex.com review would be complete without having a balanced approach. This Forex.com review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

Forex.com Pro's

  • Forex.com is trusted by 150,000+ clients
  • Forex.com offers Negative Balance Protection
  • Forex.com offers Guaranteed Stop Loss
  • Forex.com doesn't charge withdrawal fees
  • Forex.com doesn't charge inactivity fees
  • Forex.com doesn't charge deposit fees
  • Forex.com doesn't charge CFD fees
  • Forex.com offer trading on MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps
  • Forex.com offer 4500 trading instruments
  • Forex.com trades major forex pairs
  • Forex.com trades minor forex pairs
  • Forex.com trades exotic forex pairs
  • Forex.com offers trading on cryptocurrencies
  • Forex.com can communicate in English, Chinese, Arabic

Forex.com Con's

    Forex.com Review - Compare Brokers Similar To Forex.com

    Forex.com Evolution Brokers IKON Finance Ayondo
    Rating 4/5 4/5 4/5 4/5
    Minimum Deposit $Typical $300 $200 $1
    Year Founded 1999 2008 2011 2008
    Headquarters United States Belize London London
    Regulated By Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA)
    Clients 150,000+ 10,000+ 10,000+ 10,000+
    Find Out More
    Risk Warning 73% of retail investor accounts lose money when trading CFDs with this provider Your capital is at risk Losses can exceed deposits Losses can exceed deposits

    Forex.com Review - Regulation And Licencing In More Detail

    Forex.com is regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA).

    Forex.com, as a company, has a strong set of rules for ensuring honest trading onto its own platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).

    As per the organization's privacy regulations, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial details.

    Forex.com Review - Awards

      At the time of writing this Forex.com review, they had not received any awards.

    Forex.com Review - Minimum Deposit Required

    The minimum deposit that you must deposit to get started on Forex.com is $Typical. This is an adequate amount for those just beginning. It's possible to make more complex residue as you go along. However, ensure that you know how to make the most of your money before investing larger amounts.

    Forex.com Review - Commission And Fees Explained

    Forex.com is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. That is, an online broker isn't necessarily influenced by the number of customers they have.

    But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 types of penalties for this purpose.

    The first kind of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In these instances, you are paying a spread, financing speed, or a commission. The sorts of trading charges and the prices differ from broker to broker.

    Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are people who are billed when you hold a leveraged position for more than a day.

    Apart from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake in your accounts. They're charged for operations like depositing money, not investing for lengthy periods, or withdrawals.

    In general, Forex.com does not charge high fees compared to other online agents. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for people who regularly trade, such as daily or weekly trading.

    But, non-trading fees charged by Forex.com are comparatively higher. Consequently, you are billed more for non-trading actions on your trading accounts, like withdrawal and deposits. These aren't related to the sale and purchase of assets.

    This Forex.com review breaks down every one of the applicable non-trading charges for you in detail.

    Compare broker fees against Forex.com

    Forex.com Evolution Brokers IKON Finance Ayondo
    Minimum Deposit $Typical $300 $200 $1
    Withdrawal Fees 0.3 1$ No No
    Inactivity Fees 0.7 No
    Deposit Fees 0.3 No
    CFD Fees 0.8 Yes

    Forex.com Review - Withdrawal Fees Explained

    Forex.com doesn't charge withdrawal fees

    Withdrawal of cash is possible at any moment from your Forex.com account. It's possible to draw up sums to the sum of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't necessarily need to have any cash on your accounts.

    In addition, the withdrawn money will be transferred directly to the account you use to create deposits. Thus, if you used a credit card for deposits, then the withdrawn money is going to be sent to the card. Forex.com will ask you to provide other withdrawal methods if your details have changed since your deposit.

    There is a minimum withdrawal amount. In case you're withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you are choosing to draw in.

    Forex.com Review - Inactivity Fees Explained

    Understanding whether you will be charged inactivity fees is only one of those buzzing questions which run through your mind while open an account with Forex.com. An inactivity fee is an amount charged to registered traders who have not engaged in buying or selling for a while. The period regarded as inactive is determined by the broker.

    The inactivity fee also differs from one agent to another and is not standardized. If a dealers account doesn't have a buying or selling transaction, it is claimed by the broker as an inactivity fee. The traders have to pay this fee under terms and conditions they had consented while registering.

    Forex.com doesn't charge inactivity fees so you are free to pop in and out of your account as needed

    Even if no fees have been indicated by Forex.com, it is better that you close the account if you're inactive. Inactivity fees are not just charged by brokerage companies but also many financial services.

    For additional trading platforms, the inactivity fee is contingent upon the type of account you have selected. The inactivity fee is exposed to many conditions and needs to be disclosed clearly by the agent beforehand.

    Forex.com Review - Deposit Fees Explained

    When you move money in your trading account by the bank account, a deposit fee can be charged by the broker. Most agents don't charge too much money for this operation.

    Forex.com doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

    Depositing cash on the Forex.com trading platform is easy. You simply need to complete a single-user profile questionnaire to start depositing money into your trading account. You will have to provide an identity evidence and evidence of residency to deposit substantial amounts.

    Forex.com Review - Compare Broker Deposit Methods

    Forex.com Evolution Brokers IKON Finance Ayondo
    Minimum Deposit $Typical $300 $200 $1
    Credit Card Yes
    PayPal Yes
    Neteller No
    Skrill No
    Payoneer No

    What Can You trade With Forex.com?

    Note: Forex.com offers many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will differ depending on the country of residence of the client.

    Forex.com has a wide variety of over 4500 instruments available for you to trade with.

    If trading currency pairs is of interest to you then Forex.com offer over 80 forex pairs.

    Compare Forex.com, Evolution Brokers, IKON Finance & Ayondo below.

    Forex.com Evolution Brokers IKON Finance Ayondo
    Platforms MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps WEB, Desktop, iPhone, Mac MT4, ZuluTrade, Tablet & Mobile apps Web Trader,
    Instruments Available 4500 94 100 100
    Forex & Crypto
    Forex Pairs Available 80 45 40
    Offers Major Forex Pairs? Yes Yes Yes Yes
    Offers Minor Forex Pairs? Yes No Yes Yes
    Offers Exotic Forex Pairs? Yes No Yes Yes
    Offers Cryptocurrencies? Yes Yes No No
    Commodity CFD's
    Commodities Offered 12 0 0 6
    Trade Metals? Yes Yes Yes
    Trade Energies? Yes Yes Yes
    Trade Agricultural? Yes Yes Yes
    Indiced & Stock CFDs
    Stocks Offered 4500 0 0 6
    Trade UK Shares? Yes Yes Yes
    Trade US Shares? Yes No Yes
    Trade German Shares? Yes No Yes
    Trade Japanese Shares? Yes No Yes


    73% of retail investor accounts lose money when trading CFDs with this provider


    Your capital is at risk


    Losses can exceed deposits


    Losses can exceed deposits

    Alternatives To Forex.com

    If, after reading this Forex.com review, Forex.com does not quite meet your needs check out these Forex.com alternatives.

    We have scoured the web to find the best alternatives to Forex.com. Click the links below to find out more.

    Frequently Asked Questions about Forex.com

    Can I try Forex.com before I buy?

    Yes, you can most certainly try Forex.com before you buy. Forex.com offers demo accounts for the convenience of new traders. You may use this feature to build your faith in the system as well as yourself and your trading strategies.

    If you sign up for a demo account on Forex.com, you will set out with a decent amount of virtual currency. It is to establish a sense of safety and confidence in you until you choose to spend your own money.

    With this virtual Forex.comdemo account, you are able to experiment at all, to whatever length you desire. You might also open positions, examine different trading strategies, and more.

    Forex.com specifies on its official site that you are able to trade real time stocks with your demo account.

    Is Forex.com safe?

    It is possible to drop all your worries because we believe that Forex.com is completely safe to use. It is in compliance with the rules of Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA).

    To its credit, Forex.com provides assured stop-loss protection.

    Why does Forex.com ask for my passport?

    The reason that Forex.com asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Forex.com has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Forex.com must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

    How can I start trading with Forex.com?

    The process to start trading withForex.com is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Forex.com website. It will require you to fill in details pertaining to the credibility and security of your account.

    Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Forex.com is $Typical. You should have a good hold over the nuances of online trading before you set out and trade with real money.

    If you are confident of your knowledge and understanding, you can open an account with Forex.com.

    The best way to kickstart your trading career with Forex.com is to open a demo account facility before risking any real money

    What funding methods do Forex.com accept?

    There are multiple methods to finance your account with Forex.com. The process is effortless and quick, with different payment methods in your fingertips.

    You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to keep in mind that PayPal isn't available in every country. The currencies Forex.com

    Is my money safe with Forex.com?

    Yes, your money is safe and protected with Forex.com. As you know, Forex.com works with proper conformation to. It's established lots of measures to protect all of its own investors.

    Forex.com safeguards its clients' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.

    If you want to further safeguard your account, you can enable Two-Step Verification also. It requires an SMS affirmation for you to get your account.

    Is Forex.com trading good?

    Yes, trading through Forex.com is a nice and decent experience indeed. It's a great and intuitive platform with useful features for your ease. In addition, you could also gain access to a vast collection of educational resources and assistive material to kickstart your trading experience.

    If you are still skeptical, it is possible to open a eToro demo account and evaluate the trustworthiness of the platform for yourself.

    Which Countries does Forex.com support?

    Forex.com operates around the globe. However, due to regulations there are some countries that Forex.com can't accept clients resident in

    Is Forex.com legit?

    Forex.com is a legit company headquarted in United States since 1999. They are regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA). Forex.com is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

    Is Forex.com a good broker?

    Forex.com is a great agent, and its own users may vouch for this. The highlight of this platform is its fast order execution on trades.

    You'll find the clean layout of the platform along with the admirable features a pleasure to work with.

    Is Forex.com a trustworthy broker?

    Yes, Forex.com is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 150,000+ users registered with them can reaffirm their trustable nature.

    What is the minimum deposit for Forex.com?

    The minimum deposit to open a live account with Forex.com is $Typical

    How long do Forex.com withdrawals take?

    Normally, withdrawal of money from Forex.com is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Forex.com to show in your bank account.

    Are Forex.com regulated?

    Forex.com are regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)

    Is Forex.com a market leading broker?

    Forex.com is indisputably one of the industry leaders. It supports over 150,000+ registered customers and over 22 years of experience on its record. They're among the world's top trading platforms and a prominent figure in the Fintech revolution.

    It simplifies this status to its incredible platform and broad selection of resources plus tools so that you can invest in capital markets.

    Is Forex.com a con?

    No, Forex.com is not a con. They are regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) and must adhere to their rules. Thus, it is safe to say that Forex.com is not a scam.

    Can you make money with Forex.com?

    Using Forex.com, many traders make a great deal of cash. But on average, through consistent trading, you also can make between 2% - 10% profit a month.

    This may seem like a little number, but over the entire year, this adds to a significant amount of gains. Even though Forex.com supply you all the tools to make money, they cannot guarantee that you will profit.

    Does Forex.com have fees?

    Yes. To start trading with Forex.com, you need to deposit $Typical. Particular commissions while trading also apply. Any processing fees from your bank might have to be incurred by you.

    When was Forex.com founded?

    Forex.com was founded in 1999 in United States. Forex.com is regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA).

    How many people use Forex.com?

    Forex.com is a worldwide recognised broker with 150,000+ customers.

    Where is the Forex.com head office?

    Forex.com has its head office in United States

    Does Forex.com offer negative balance protection?

    Yes, Forex.com has Negative Balance Protection. It's specially offered when the industry volatility prevents customers from letting their account go into the red. In a situation like this, Forex.com provides the ability to reset a clients account balance to zero.

    You should go through the important conditions on Forex.com's site to comprehend their policies.

    Does Forex.com offer guaranteed stop loss?

    Yes, Forex.com provide a guaranteed Stop Loss order.

    If there is no free margin left together with the customer, Forex.com will stop your positions. If the losses in the ceased out position exceeds your account balance, you might experience a negative account balance.

    Does Forex.com allow scalping?

    Yes, Forex.com do permit scalping. Several traders across the world select Forex.com for their scalping services. They offer trading on MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps which let this.

    Does Forex.com allow hedging?

    Yes, Forex.com does allow hedging.

    Can you trade energies with Forex.com?

    Yes, you can trade energy stocks with Forex.com

    Can you trade agricultural shares with Forex.com?

    Yes, you can trade agricultural stocks with Forex.com

    Can you trade cryptocurrency with Forex.com?

    Yes, you can trade cryptocurrency with Forex.com

    Can you trade metals with Forex.com?

    Yes, you can trade metals with Forex.com

    Can you trade UK Shares with Forex.com?

    Yes, you can trade UK shares with Forex.com

    Can you trade US Shares with Forex.com?

    Yes, you can trade US shares with Forex.com

    Can you trade Japanese Shares with Forex.com?

    Yes, you can trade Japanese shares with Forex.com

    Can you trade German Shares with Forex.com?

    Yes, you can trade German shares with Forex.com

    Does Forex.com accept bank transfers?

    Yes, Forex.com accepts bank transfers for depositing money.

    Does Forex.com accept credit cards?

    Yes, Forex.com accepts credit cards for depositing money.

    Does Forex.com accept PayPal?

    Yes, Forex.com accepts PayPal for depositing money.

    Does Forex.com accept Skrill?

    No, Forex.com does not accept Skrill.

    Does Forex.com accept Payoneer?

    No, Forex.com does not accept Payoneer.

    Does Forex.com accept Neteller?

    No, Forex.com does not accept Neteller.

    Does Forex.com offer Live Chat customer support?

    Yes, Forex.com offers customer support through live chat.

    Does Forex.com offer phone customer support?

    Yes, Forex.com offers customer support over the telephone.

    Does Forex.com offer email customer support?

    Yes, Forex.com offers customer support through email.

    What languages can Forex.com communicate in?

    Forex.com has the ability to communicate and support customers who speak: English, Chinese, Arabic

    Does Forex.com have a wikipedia page?

    No, Forex.com does not have an official wikipedia page.

    Does Forex.com offer demo accounts?

    Yes, Forex.com offers demo accounts so you can learn their systems before risking any real money.