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Forex.com Review

 

Forex.com-Review

 

 

Overall, Forex.com can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 5500+ tradable symbols. Forex.com is regulated by five tier-1 regulators (highest trust) and one tier-3 regulator. Forex.com has a trust score of 82 out of 100.

 

🔎 Broker🥇 Forex.com
💰 Min. Deposit$100 USD
🔁 Spreads from0.1
🔽 Commissions✅ Yes
▶️ Forex Commission$5 USD per round lot
▶️ CFDs/DMA Commission$0.18 USD per share (US Stocks)
🛑 Inactivity Fee$15 monthly after 12 months
💳 Deposit FeeThird-Party
💳 Withdrawal FeeThird-Party
💻 Trading PlatformsMT4, MT5, Proprietary
🆓 Demo Account✅ Yes
☪️ Islamic Account❌ No
🚀 Open an Account👉 Click Here

 

Overall Rating

4.7/5

Rated #231 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, CySec 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Forex.com Review – 16 Key Point Quick Overview

 

  1. ☑️ Forex.com Overview
  2. ☑️ Forex.com Safety and Security
  3. ☑️ Forex.com Sign Up Bonus
  4. ☑️ Forex.com Minimum Deposit
  5. ☑️ Forex.com Account Types
  6. ☑️ How to Open a Forex.com Account – Step by Step Guide
  7. ☑️ Forex.com Demo Account
  8. ☑️ Forex.com Trading Platforms
  9. ☑️ Forex.com Fees, Spreads, and Commissions
  10. ☑️ Forex.com Deposit And Withdrawal
  11. Forex.com Best Countries by Traders
  12. Forex.com vs FXCM vs Plus500 – A Comparison
  13. Forex.com Customer Reviews
  14. Forex.com Pros and Cons
  15. Conclusion
  16. Frequently Asked Questions

 

Forex.com Top Banner

 

Forex.com Overview

 

FOREX.com is a global FX and CFD broker that forms part of StoneX Group Inc. The StoneX group is a publicly-traded company that is regulated in four tier-1 jurisdictions.  Furthermore, StoneX Group Inc is listed on the NASDAQ Stock Exchange.

 

Forex.com-Landing-Page

 

Forex.com Safety and Security

 

Forex.com forms part of StoneX Group Inc. The StoneX group is a publicly-traded company that is regulated in four tier-1 jurisdictions.  Furthermore, StoneX Group Inc is listed on the NASDAQ Stock Exchange.  The company is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK and the US Commodity Futures Trading Commission (CFTC).

 

Forex.com-Safety-and-Security

 

Forex.com Sign Up Bonus

 

Forex.com does offer a sign-up bonus of 20% on a $100 USD required minimum deposit.  A Trader has to deposit $100 USD to earn a deposit of $20 USD.  The minimum deposit amount required to register a Forex.com Standard live trading account is $100 USD.

 

🔎 Broker🥇 Forex.com
🎉 Sign Up Bonus☑️ Yes
📌 Bonus %20%
💰 Required Deposit$100 USD
🛑 ExcludesUK, US, China
🚀 Open an Account👉 Click Here

 

Forex.com Sign Up Bonus

 

Forex.com Minimum Deposit

 

The minimum deposit amount required to register a Forex.com Standard live trading account is $100 USD.  Forex.com makes 4 account types available – the Standard Account, the Commission account, the DMA, and the risk-free demo account.

 

🔎 Account🥉 Standard🥈 Commission🥇 DMA
💰 Min. Deposit$100 USD$100 USDN/A
💵 Min. Account BalanceN/AN/A$25'000 USD
🚀 Open an Account👉 Click Here👉 Click Here👉 Click Here

 

Forex.com Minimum Deposit

 

Forex.com Account Types

 

Forex.com makes 4 account types available – the Standard Account, the Commission account, the DMA, and the risk-free demo account.  The minimum deposit amount required to register a Forex.com Standard live trading account is $100 USD.

 

🔎 Account🥉 Standard🥈 Commission🥇 DMA
💰 Min. Deposit$100 USD$100 USDN/A
💵 Min. Account BalanceN/AN/A$25'000 USD
💻 MetaTrader✅ YesNoNo
💳 Commissions☑️ Yes✅ YesN/A
📌 Cash Rebates✅ Yes☑️ YesN/A
🚀 Open an Account👉 Click Here👉 Click Here👉 Click Here

 

Forex.com Account Types

 

How to Open a Forex.com Account – Step by Step Guide

 

1.  Step 1:  Select Account

The First step in the application process is for the applicant to select a preferred live trading account.

 

Forex.com Account Types

 

2.  Step 2: General Information

The Forex.com registration process will require the applicant to disclose a selection of personal information.  This includes Date of Birth, Secure Password creation, Residential Address, and Trading Experience.

 

Forex.com Account 2 Forex.com Account 3

 

3:  Step 3:  Funding

The final step in the Live account registration process is to fund the newly created account in order to make a live trade.

 

Forex.com Account 5

 

Forex.com Demo Account

 

Forex.com does offer two free demo trading accounts for beginners to practice forex trading in a 100% risk-free environment. The Forex.com demo accounts expire after 30 – 90 days.

 

🆓 Demo Account🥇 Forex.com🥈 MetaTrader
✅ Valid90 Days30 Days
💰 Virtual Funding☑️ Yes☑️ Yes
🤝 Customer Support✅ Yes✅ Yes
🚀 Open an Account👉 Click Here👉 Click Here

 

Forex.com Demo 1

 

Forex.com Trading Platforms

 

Forex.com makes both MT4 and MT5 trading platforms available to traders plus the brokers’ proprietary  Advanced Trading Platform, which is made available as a desktop client and a web-based option.

 

Forex.com Trading Platforms

 

Forex.com Fees, Spreads, and Commissions

 

Trading with Forex.com will involve fees from $15 USD, spreads from 0.01 pips, and commission-free trading depending on the account traders select.  A minimum deposit fee of $100 USD will be required.

 

🔎 Broker🥇 Forex.com
💰 Min. Deposit$100 USD
🔁 Spreads from0.1 Pips
🔽 Commissions✅ Yes
🛑 Inactivity Fee$15 monthly after 12 months
💳 Deposit FeeThird-Party
💳 Withdrawal FeeThird-Party
🚀 Open an Account👉 Click Here

 

Forex.com Fees and Spreads

 

Forex.com Deposit And Withdrawal

 

Forex.com makes popular and user-friendly deposit options and withdrawal methods available.  They include Credit / Debit Cards, wire transfers, and e-wallets.  Processing times will range from immediate up to 2 business days.

 

Forex.com Deposit and Withdrawal

 

 

 

 

Forex.com Best Countries by Traders

 

🌎 Country of Trade📌 % of Traders
🥇 United States44.42
🥈 Canada8.06
🥉 Japan6.39
Russia4.54
United Kingdom4.48

 

Forex.com Countries

 

Forex.com vs FXCM vs Plus500 – A Comparison

 

🔎 Broker🥇 Forex.com🥈 FXCM🥉 Plus500
💰 Min Deposit$100 USD$50 USD€100
💻 Tradeable Symbols55002761896
📌 Forex Pairs914271
✅ MetaTrader 4☑️ Yes☑️ YesNo
☑️ MetaTrader5✅ YesNoNo
🚀 Open an Account👉 Click Here👉 Click Here👉 Click Here

 

Forex.com Customer Reviews

 

User Friendly

Forex.com makes every process very user-friendly.  Including sign-up, deposit, and withdrawal. – Mike

 

TrustPilot 5 Star

 

Very Happy.

I started off with the Forex.com Demo account and I can’t be happier.  I will be opening my live account soon! – Gerhard

 

TrustPilot 4 Star

 

Great Support.

The Forex.com support team is top-notch.  Thank you for the assistance. – Dan

 

TrustPilot 3 Star

 

Forex.com Pros and Cons

 

✔️ Pros❌ Cons
Low Forex FeesLimited to Forex and CFDs
Variety of Currency PairsHigh Stock CFD fees
Diverse technical toolsNot user friendly

 

 

Overall Rating

4.7/5

Rated #231 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, CySec 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Conclusion

 

Forex.com can be summarised as a trustworthy broker that has a trust score of 82 out of 100.

 

 

You might also like: Forex.com Minimum Deposit

You might also like: Forex.com Account Types

You might also like: Forex.com Demo Account

You might also like: Forex.com Fees and Spreads

You might also like: Forex.com Sign up Bonus

You might also like: Forex.com Islamic Account

 

 

Disclaimer

 

FOREX.com warns potential traders to carefully consider their investment objectives, level of experience, and risk appetite before deciding to participate in the Forex market. Most importantly, they should not invest money they cannot afford to lose.

Since there is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility it may substantially affect the price.

 

 

Frequently Asked Questions

 

Can traders from South Africa open a Forex.com trading account?

Yes, South African traders can open a Forex.com account without restriction.

 

Does Forex.com offer leverage?

Yes, FOREX.com offers over 70 forex pairs to choose from and traders will receive a 2% margin (50:1 leverage) on major pairs.

 

Does Forex.com have ZAR accounts?

No, Forex.com does not offer ZAR accounts to South African Traders.

 

How many instruments can I trade with a Forex.com account?

Forex.com makes 5000+ tradable symbols available.

 

Are there any apps available for a Forex.com trading account?

Yes, MetaTrader4 and MetaTrader5 are both available for download on any smart device.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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