FOREX.COM REVIEW
Forex.com is a major player in the online trading industry. It’s a multi-regulated broker and offers over 4,000 financial instruments across various asset classes. In this review, we will focus on its regulation and scrutinize its spread and trading fees.
We will also evaluate its trading platforms, leverage options, and deposit and withdrawal methods. So, let’s start this Forex.com review.
RATING
4.7/5
FOUNDING YEAR
2001
MINIMUM DEPOSIT
$100
Table of Contents
ABOUT FOREX.COM
FOREX.COM REVIEW
Forex.com is part of GAIN Capital Holdings Inc., a publicly traded company on the New York Stock Exchange.
Currently, its headquarters is in Bedminster, New Jersey, and it serves over 140,000 retail and institutional clients with 800+ staff across Europe, Asia, and North America. Forex.com is regulated in 8 jurisdictions worldwide and has an average monthly trading volume of $463.1 billion.
| Founding Year |
 1999
|
|---|---|
| Regulated |
 Yes
|
| Rating |
4.8/5 |
| Minimum Deposit |
 $100
|
FOREX.COM REGULATIONS
FOREX.COM REVIEW
Forex.com is regulated in the UK by the Financial Conduct Authority (FCA). In the US, it’s regulated by the Commodities Futures Trading Commission (CFTC) and the National Futures Association (NFA).
Forex.com is among the only few brokers to acquire regulation from the Japanese Financial Services Agency (FSA). Additionally, it has also acquired relations with the relevant authorities in Canada, Singapore, Hong Kong, the Cayman Islands, and Australia.
These regulatory bodies make Forex.com a low-risk broker. Moreover, Forex.com also claims to provide funds security by segregating client funds and guaranteeing negative balance protection.
| COUNTRY | AUTHORITY |
|---|---|
 UK
|
Financial Conduct Authority (FCA) |
 USA |
Commodities Futures Trading Commission (CFTC) |
 Japan
|
Japanese Financial Services Agency (FSA) |
 Australia |
Australian Securities and Investments Commission (ASIC) |
 Canada
|
Investment Industry Regulatory Organization of Canada (IIROC) |
 Singapore
|
Monetary Authority of Singapore (MAS) |
 Hong Kong
|
Hong Kong Monetary Authority (HKMA) |
 Cayman Island
|
Cayman Islands Monetary Authority (CIMA) |
FOREX.COM ACCOUNT TYPES
FOREX.COM BROKER REVIEW
Forex.com provides 3 types of accounts: Standard Account, Commission Account, and Direct Market Access Account.
The standard account is suitable for trading with regular spreads and has no commission charges, whereas the Commission accounts offer ultra-low spreads but has a small trading fee.
The Direct Market Access account, or DMA, delivers deep liquidity to benefit from the rapidly changing prices. The commission and DMA accounts are available only with Forex.com’s Advanced Trading Platform.
FOREX.COM TRADING PLATFORMS
FOREX.COM REVIEW
Forex.com offers a choice between their proprietary Advanced trading platform and MetaTraders. The Advanced trading platform is highly customizable and provides powerful charting tools with over 40 technical indicators. It has hundreds of pre-built templates of trading strategies that can be integrated with the platform.
The MetaTrader platforms include both MT4 and MT5 platforms and offer reliable trade execution. All platforms include a web-based version and mobile trading apps for Android and IOS.
| PLATFORM | AVAILABILITY |
|---|---|
| Proprietary Platform |
Yes
|
| MT4/MT5 (Windows/MAC) |
Yes
|
| Mobile Platform (Android/IOS) |
Yes
|
FOREX.COM LEVERAGE
FOREX.COM REVIEW
The leverage offered by Forex.com differs on the instrument level. It offers 1:500 leverage on currency pairs and 1:20 leverage on individual stocks, while on indices, their leverage ratio is between 1:200 and 1:100. Leverage on commodities also varies. For instance, US Crude Oil is traded on 1:100 leverage, and Coffee is traded at 1:10. All in all, the leverage offered by Forex.com is in line with the rest of the brokers.
| PRODUCT | MAX LEVERAGE |
|---|---|
| FOREX | 1:500 |
| COMMODITIES | 1:200 |
| CFD STOCKS | 1:20 |
FOREX.COM PRODUCTS
FOREX.COM REVIEW
Forex.com offers over 4500 trading assets to its clients. The products include 80 currency pairs and 15 indices from the US, UK, Germany, Japan, China, and Australia. In CFD stocks, there are 4000+ individual shares, including the blue-chip companies.
Forex.com also offers a comprehensive list of commodities, including energies, metals, etc. Finally, the broker also offers 5 cryptocurrencies to trade.
The products offered to the traders can vary depending on their location for instance, the CFD product range is not available for US clients.
There are also 44 indices and 3847 individual stocks from 23 different markets. Finally, Forex.com also provides a long list of 385 ETFs and 2 bonds, which other brokers rarely offer. From a trader’s point of view, the Admiral Market’s range of products is extensive and ideal in that you can trade everything with just one broker.
| PRODUCTS | AVAILABILITY |
|---|---|
| Multi Assets |
Yes
|
| Forex |
Yes
|
| Crypto |
Yes
|
| CFD Stocks |
Yes
|
| CFD Indices |
Yes
|
FOREX.COM SPREAD & COMMISSION
FOREX.COM REVIEW
Traders always look for low spread and commission to reduce their trading costs. Forex.com spread varies depending on the account type. For example, the typical spread on EUR/USD for the Standard Account is 1.4 pip, while on the Commission Account, the spread starts from 0.2 pips.
On DMA accounts, the spread further narrows to 0.1 pip on. On indices and equities, spread starts from 1 pip and on commodities, it starts from 0.4 pips.
The standard account is commission-free, while on the Commission account, there is a $5 fee for a standard currency lot.
For the DMA accounts, the commission structure is different and depends on the trading volume. For instance, if the trading volume is between $0 to $100 million, the commission will be $60 per one million traded.
| PRODUCT | SPREAD RANGE |
|---|---|
| Forex | 0.7 - 1.2 |
| Commodities | 0.3 - 2.5 |
| Indices | 1 - 2.0 |
FOREX.COM DEPOSIT & WITHDRAWAL
FOREX.COM BROKER REVIEW
Forex.com accepts funds by credit or debit card and via bank transfer. The debit or credit cards can be easily added to the account from the client area. Surprisingly no e-wallets like Paypal or Skrill are accepted. The wire transfers to withdraw or deposits the funds take up to 5 business days to reflect in your account.
The credit and debit card transactions are instant and there is no extra fee. There is no minimum deposit requirement however, the minimum withdrawal amount is $100. The funds can be withdrawn only to a verified account while the deposits from third party accounts are not allowed as well.
| METHOD | AVAILABILITY |
|---|---|
| Credit/Debit Card |
Yes
|
| Wire Transfer |
Yes
|
| E-Wallets |
Yes
|
| Crypto |
 No
|
FOREX.COM REVIEW SUMMARY
FOREX.COM REVIEW
The fact that Forex.com is a highly regulated broker in the world gives real peace of mind to the traders without a doubt. It provides a comprehensive list of trading instruments, including Forex, commodities, Indices, individual stocks, and so forth. It offers a choice between its own proprietary trading platform and MetaTrader. Its Advance Trading Platform is highly customizable and can also be used for direct market access. It’s educational, and the analysis section is truly helpful not only for new traders but also for seasoned traders.
Its Direct Market Access is one of the best and offers volume-based pricing. On its downside, Forex.com’s spread is slightly higher and may concern some traders. The broker also lacks a payment method, especially the e-wallet option. However, if you want to trade with a highly regulated broker with a global presence and many world markets, Forex.com is a great choice.
FOREX.COM PROS AND CONS
FOREX.COM REVIEW
| Pros |
Cons |
|---|---|
| Multi Asset | Limited Education |
| Multi Regulated | Moderately Elevated Spreads |
| Low Minimum Deposit | |
| Copy Trading | |
| Huge List of Instruments | |
| Listed on Stock Exchange | |
| Proprietary Platform |
OTHER BROKER REVIEWS
