[rank_math_breadcrumb]

forexcom

FOREX.com Review 2024

by

FOREX.com

Broker :

FOREX.com

Founded :

2001

Headquarters :

New Jersey, USA

Trading Desk :

STP, ECN and DMA

Regulation

CFTC, FCA, JFSA, IIROC, CIMA

Website :

forex.com

Forex margin trading involves substantial risks. 72.12% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.


Brokers Score
Brokers Rating :
Trust and Safety :
Commission and Fees :
Tradable Instruments :
Customer Support :
Education :
Account Types :
Trading Platforms :
Deposit and Withdrawals :

Accounts :

Standard account, RAW Spread account, MetaTrader account, Corporate accounts and Joint accounts

Max Leverage :

1:50 and 1:30 for EU

Min Deposits :

$100

Base Currencies :

USD, EUR, GBP

Swap Free :

Demo Trade :

Copy Trading :

Commission :

$5 per $100k traded

Hedging :

Scalping :

Platform :

WebTrader, MetaTrader 4, MetaTrader 5, TradingView, NinjaTrader, Specific FIX API

Regulation :

CFTC, FCA, JFSA, IIROC, CIMA

Products :

Currencies Crypto Indices Metals Energies Softs Stocks

Language :

English

Support :

24/7

Address :

30 Independence Blvd, Suite 300 (3rd floor), Warren, NJ 07059, USA

Founded in 2001, Forex.com is a well-regulated broker that caters primarily to serious beginners and experienced traders due to its high minimum deposits and low fees. While beginners might be deterred by the high trading costs on the entry-level Standard and MT5 accounts, experienced traders will find the Commission and DMA accounts appealing, with minimum deposits of 100 USD and 25,000 USD, respectively. These accounts offer highly competitive spreads, starting at 0.0 pips on the EUR/USD, coupled with some of the lowest commissions in the industry.

Forex.com supports MT4, MT5, and its proprietary trading platform, providing a range of advanced trading tools like Autochartist, Trading Central, Trading View, SMART Signals, and subsidized VPS hosting.

The broker also excels in education and market analysis, making it a valuable resource for experienced traders. The wide range of tradable assets includes over 91 currency pairs, 4500 share CFDs, commodities, indices, precious metals, and cryptocurrencies.

Pros

Trade 80+ FX pairs
Tight spreads as low as 0.0
Trade 5,500+ global shares
Competitive Pricing
Global market leader
Next-Gen pricing model
Mobile application

Cons

High stock CFD fees
Inactivity fee
Relatively slow account verification
{{ reviewsTotal }}{{ options.labels.singularReviewCountLabel }}
{{ reviewsTotal }}{{ options.labels.pluralReviewCountLabel }}
{{ options.labels.newReviewButton }}
{{ userData.canReview.message }}

We use cookies

Our website uses cookies. by continuing, we assume your permission to deploy cookies as detailed in our Privacy Policy.

Accept cookies