Forex com Broker review

4.2/5 Ratings

Losses can exceed deposit

No of Users

200,000+

Min. Deposit

100

Regulation

Cysec,FCA

Max Leverage

30:1

Spreads

EUR/USD

GBP/USD

USD/JPY

USD/CAD

AUD/USD

0.9

1.6

1.1

2

1.1

Spreads

EUR/USD : 0.9
GBP/USD : 1.6
USD/JPY: 1.1
USD/CAD : 2
AUD/USD : 1.1

Risk Warning: 79% of retail investor accounts lose money when trading CFDs with this provider.

Table of Content

Introduction to Forex com Markets

Forex.com was established in 2001 and, its headquarters based in the United Kingdom. forex.com offers over 80 currency pairs, metals, and cfds on its trading platform. forex.com has been chosen by over 1 million traders. It has customers from over 180 countries and has won over 30 awards in recent years.

forex.com is an online forex and CFD trading platform that offers more than 80 currency pairs, commodities, indices, and other assets for trading. Forex.com is licensed by six major financial regulatory bodies: The Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) and the Investment Industry Regulatory Organization of Canada (IIROC). forex.com offers a variety of forex trading platforms including MetaTrader 4/5, webTrader, and, Mobile Trader. Forex.com also offers educational resources such as webinars, video tutorials, live coaching sessions, and market analysis.

Risk Warning: 74% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk as your capital is at risk.

Spreads & Fees

A ‘Spread’ or otherwise known ‘Bid/Ask Spread’ is the measured difference between the buy and sell price quoted for any trading instrument: whether it be a Forex currency pair or metals. It can be interpreted as the cost of trading charged by the broker to traders.

Forex.com, along with the majority of brokers charge a spread to their clients and that is the reason why the majority of traders choose a broker with low spreads. Spread is reported in PIPs or known as basis points. Spreads can be calculated by spread value in pips × traded lot size.

The graphical illustration shows the comparison of how forex.com spreads stacks against the combined average spreads of all other established brokers featured on ekzaga.

Forex.com spreads are very competitive compared to other brokers. They offer spreads starting from 0.8 pips with no hidden commissions or fees.

Risk Warning: 74% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk as your capital is at risk.

Spread vs Trader

	Forex-Com	XTB	Plus-500
Overall Trust Score	A	A+	A-
Years Established	21+	20+	14+
Regulatory Authority	FCA	FCA	Cysec,FCA
Why Choose?	StoneX Group, A NASDAQ-Listed Financial Giant	Most Exponential Grown CFD Broker	Segregated Accounts
	Benefit From 20 Years Of Experience	Over 525,000 Customers Trust XTB	Powerful And User-Friendly Trading App
	Access To Price Feeds Unavailable To Other Brokers	5-Star Rating On Trust Pilot	Superior Customer Service

Trading Platforms

The FOREX.COM trading platform is designed for forex trading and offers a variety of features to help you get the most out of your trading experience. The platform is available in both web-based and mobile versions, so you can trade on the go or from the comfort of your own home. The FOREX.COM demo account is a great way to get started with the platform and test out your forex trading strategies without having to risk any real money. The demo account comes with virtual currency and all the same features as the live account, so you can get a feel for how the platform works before you commit to real trading. FOREX.COM also offers the MetaTrader 5 (MT5) platform for more advanced traders.

The MT5 platform offers more features and tools than the MT4 platform, so it’s ideal for experienced traders who want to take their trading to the next level. Charting tools are an important part of any forex trading platform, and FOREX.COM has a wide range of indicators and drawing tools available to help you make informed trading decisions.

Platforms Offered

Accounts Types

	Standard	MT4
Min. Deposit	$100	$100
Trading Instruments	✓FX ✓Metals ✓Stocks ✓Indices	✓FX ✓Metals ✓Indices
Commission	Zero (except shares)	Zero (except shares)
Platform	MT4/MT5	MT4/MT5

Forex.com offers two different account types to choose from and each one has similar benefits with a few differences. The forex demo account is great for beginners who want to test out the forex market without putting any real money at risk. The main difference between the Standard and MT4 accounts is the platforms available.

The standard account includes a customisable web trader whereas the MT4 account has the traditional MetaTrader 4 platform. The other standout feature that distinguishes the two accounts on offer is on the standard account there is a feature called chasing returns. This tool analyses your past trading behavior, which we think is a good feature to have at your disposal. forex.com also offers an Islamic account that is swap-free and follows Shariah law.

Account Types Offered

Deposit & Withdrawal

When it comes to funding your forex.com account, there are a few different options available to you. The minimum deposit amount is $100, and you can choose to deposit funds via credit/debit card, bank transfer, and paypal. The process is quick and easy, and your funds will be available for trading immediately. With regards to safety, all client deposits are held in segregated accounts at top-tier banks.

Withdrawals can be made via credit/debit card, bank transfer, paypal. There is no minimum amount required. Withdrawals are typically processed within 24 hours, although bank transfers may take a little longer. There are no withdraw fees charged by forex.com. Overall, forex.com is easy and efficient to use when it comes to deposits and withdrawals.

Deposit Methods

Unique Features

Forex.com offers a variety of unique features that set it apart from other forex brokers. One of these is the forex web trader, which allows users to trade forex directly from their web browser. This is a convenient feature for those who want to trade forex without having to download and install any software. Another unique feature of forex.com is the ability to trade micro lots. This is perfect for those who want to practice forex trading with a small amount of money. In terms of education, forex.com offers a variety of resources, including an online course, webinars, and a blog.

The online course covers topics such as forex basics, risk management, and technical analysis. The webinars are conducted by forex experts and cover a variety of topics, such as trading strategies and market analysis. The blog is updated regularly with articles on forex news, tips, and analysis.

Customer Support

Forex.com’s customer service is available 24/5 through a variety of channels including live chat, phone, and email. The forex.com customer service team is responsive and knowledgeable, able to answer complex questions about trading forex. forex.com also offers a robust self-help section on its website, with FAQs and a searchable knowledge base. forex.com’s website is available in multiple languages, and the customer service team supports several languages as well. Overall, forex.com’s customer service is excellent, offering quick and helpful responses to customer queries.

Conclusion

If you are looking for a broker that is heavily regulated and financially secure look no further this is the broker for you. The web trader platform they provide is extremely good and comprehensive. The spreads are ok but there are other brokers with way more competitive spreads. Their options for funding an account are too limited in comparison to other brokers. We definitely feel an improvement can be made on this particular front. Nevertheless, if you were to choose forex.com you wouldn’t be making a mistake, you can have the peace of mind that your funds deposited with them are extremely secure.

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