Forex.com Review 2024 • Fees, Pros & Cons + More

Established in 2001, FOREX.com is currently a wholly-owned subsidiary of StoneX Group Inc, a NASDAQ-listed company, and meets the highest standards of corporate governance, financial reporting and disclosure.

StoneX Group Inc. is a reputable company in the financial services industry. This provides Forex.com with a strong foundation for stability and security. Let’s explore this broker review for more information.

Forex.com broker review

Forex.com is an award-winning platform, is a well-regulated broker trusted by traders of all levels. Regulated by top-tier authorities like CFTC, NFA, and FCA, it prioritizes security and compliance.

Forex.com offers a variety of account types and platforms, including user-friendly mobile options and advanced tools like MetaTrader.

Additionally, educational resources like demo accounts, guides, and webinars help users explore their trading skills. Forex.com is a strong choice for those interested in forex trading.

Awards won by Forex.com

Regulations

Is forex.com legit? Yes, Forex.com is a legitimate broker. Forex.com is regulated by multiple financial authorities. The regulatory bodies and their country are given below.

Country	Regulatory Authority
Canada	Canadian Investment Regulatory Organization (CIRO)
Cyprus	Cyprus Securities & Exchange Commission (CySEC)
USA	The National Futures Association (NFA)
USA	Commodities Futures Trading Commission (CFTC)
Cayman Islands	Cayman Islands Monetary Authority (CIMA)
UK	Financial Conduct Authority (FCA)

Forex.com is a trusted broker, committed to security and compliance. They are a reputable forex broker regulated by top-tier authorities like CFTC, NFA, FCA, CySEC and CIMA.
All customer deposits are kept separate from our own operating funds and distributed across a global network of custodian banks. Every bank we use holds an investment-grade rating and is monitored as per the guidelines set by the Risk Committee of StoneX Group Inc.’s Board of Directors.

Why trade with Forex.com?

The main reasons for trading with Forex.com are as follows.

Benefit from tight spreads and clear pricing structures, allowing you to understand your trading costs.
You can enjoy web and mobile platforms. These platforms have features such as performance analytics, Reuters news, market analysis, and advanced charts. These features are easy to access.
Enjoy peace of mind knowing you're trading with a financially secure and well-regulated company (Forex.com) with over 20 years of experience.
Receive assistance from highly trained staff whenever you need it, 24 hours a day, 5 days a week.

How to open an account with Forex.com?

Opening an account with Forex.com is simple and easy and they are given below.

Visit the Forex.com website.
Click on "Open Your Account".
Choose your language and country.
Fill an online application.
Submit the required documentation for verification
Deposit the minimum required amount to start trading.

Forex.com platform review

Forex.com offers a variety of trading platforms, catering to different user preferences. The various platforms are given below.

Forex.com mobile apps

Forex.com web trader

Forex.com proprietary platform offers a robust charting environment with over 80 customizable technical indicators that can be saved as templates for quick access.
Analyze market trends across various timeframes (1 minute to monthly) to identify patterns and potential opportunities.
Utilize over 50 drawing tools to visualize market data, identify trends, and refine your trading strategies.

Meta Trader 4 (MT4)

Meta Trader 5 (MT5)

MT5 is an advanced trading platform that offers a faster, more efficient trading experience compared to MT4.
Its streamlined search function allows for quick market discovery.
Traders can benefit from an expanded toolset including custom indicators and advanced charting features.
Plus, diversify your portfolio with nearly 300 CFD stocks, previously unavailable on MT4 (depends on your location and which regulated entity holds your accounts).
MT5 is available for web, desktop, and mobile devices.

TradingView

TradingView allows you to trade directly from the charts, using features like drag-and-drop entry/exit points and a wide variety of indicators.
You can also quickly scan markets for trading opportunities based on technical indicators.
TradingView allows you to set custom alerts for various market conditions and compare different markets easily.
TradingView offers a mobile app for iOS and Android devices, allowing you to trade and analyze markets on the go.

Forex.com reviews asset classes

A review of forex.com assets classes offers a variety of trading styles by offering a diverse range of tradable assets. Here is the division of main asset classes.

The products and services available to you at FOREX.com will depend on your location, and on which of its regulated entities holds your account.

Stock CFDs

Forex.com offers nearly 2,500 popular stocks like Netflix and Tesla, alongside major indices and commodities, for a truly diversified trading experience.

Forex

Trade over 80+ currency pairs with spreads as low as 0.0 pips on the RAW spread account. USD/RUB and EUR/RUB are currently unavailable for trading.

Indices

Explore the global markets with over 15 popular CFD indices from America, Europe, Asia, and Australia.

Cryptocurrencies

Trade Bitcoin, Ethereum, Litecoin, and more cryptocurrency CFDs.

Commodities

Trade metals, energies, and softs as CFDs without having to own the underlying asset.

Bullions

Invest in physical metals including gold, silver, and platinum.

Funding your Forex.com review account

Forex.com offers a convenient selection of deposit methods.

Deposit method	Minimum deposit	Maximum deposit	Processing time
Bank Transfer	$100	$10,000	Instant
Wire Transfer	No minimum	No minimum	1-5 business days
Debit Card (Visa/Mastercard)	$100 (or currency equivalent)	$10,000	Instant

For bank transfers, you can transfer up to $10,000 instantly, with a $100 minimum, and enjoy no fees on USD bank transfers.
For wire transfers, no minimum or maximum deposit, with processing times ranging from 1-5 business days and acceptance of various currencies like USD, EUR, CAD, JPY, CHF, AUD, and GBP. While Forex.com doesn't charge fees, potential bank charges may apply.
For debit cards, you can deposit instantly with a minimum of $100 and a maximum of $10,000 per transaction using Visa or Mastercard.

Withdrawing your funds

Forex.com offers a convenient selection of withdrawal methods.

The withdrawal method, minimum and maximum withdrawal, processing time, and fees are given in the tabular column.

Withdrawal method	Minimum withdrawal	Maximum withdrawal	Processing time	Fees
Bank Transfer	100	25000	48 hours	No fees (bank fees may apply)
Debit Card	100	25000	48 hours	No fees (bank fees may apply)
Wire Transfer	100	No Limit	2-5 business days	$25 (US), $40 (International, except over $10,000)

The minimum withdrawal is $100 or your entire balance. The maximum withdrawal for bank transfers or debit cards is $25,000 per transaction. Unlimited withdrawal for wire transfers.
The processing time for bank transfers and debit cards is 48 hours or immediate. For wire transfer, it takes up to 2 to 5 business days. No fees are charged for both bank transfers and debit cards.
The fees for withdrawal with wire transfer is $25 for US transfer and $40 for international including Canada. No fees for withdrawals exceeding $10,000. The receiving bank may have their own additional fees.

Account types of Forex.com

Forex.com offers a variety of account types to cater to different trading experience levels. They are given below.

The minimum deposit is $100. To enhance your trading experience and improve risk management, consider a deposit of $2,500 or more. Spread on the EUR/USD as low as 1.0 pips, GBP/USD spreads as low as 1.5 pips, and UK100 spreads as low as 1.0 pips.

Reference

Account types	Spread-Only Account	MetaTrader account	Raw Pricing Account
Forex spread	Variable spreads as low as 0.8	Variable spreads as low as 1.0	Reduced spread (FX Majors as low as 0.0)
Platforms	Web, mobile, desktop, and Trading View	Web (MT5 only), mobile, desktop	Web, mobile, desktop, and MetaTrader 5
Commission	None	None	$7 commission per 100k USD traded
Minimum deposit	$100	$100	$100
Markets	Forex, Indices, Commodities, Cryptocurrencies, Stock CFDs, and ETFs	Forex, Indices, Commodities, Stock CFDs (MT5 only)	Forex, Indices, and Commodities.
Additional features	Integrated economic calendar, real-time news (Reuters), in-house research, performance analytics, and expert commentary	Research offerings, trading platform features, and Account management convenience	Enjoy all the benefits of our standard accounts, plus significantly tighter spreads.
Suitable for	Beginner	Intermediate to advanced trader	Advanced trader

The other account types of Forex.com are corporate accounts and joint accounts.

Forex.com demo account

Forex.com fees and commissions

The fees and commissions of Forex.com are given below.

Trading costs

Forex spread

Reference

Deposit/withdrawal fees

Trading conditions

Other fees

Customer service

Forex.com offers several ways to get in touch with their customer support team available 24 hours a day, 5 days a week.

Conclusion

Forex.com is a versatile platform offering a variety of accounts, platforms, and assets to suit beginner, intermediate, and advanced traders. They have a variety of financial assets, user-friendly mobile and web platforms, and access to popular tools like MetaTrader (trading central). Competitive spreads and strong security features make them a solid choice.

However, it is important to consider your own trading experience and goals before opening an account. Take some time to research fees, trading conditions, and the assets you are interested in to ensure Forex.com aligns with your needs.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73%-77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products and services available to you at FOREX.com will depend on your location, and on which of its regulated entities holds your account.

Pro Tip

Ready to explore Forex.com? Open a demo account or start trading today! Discover a world of trading opportunities with our trusted forex broker. Explore forex, stocks, cryptocurrencies, and more. Expand your trading strategy today! Got a question or want to share your trading experience? Drop a comment below!

Frequently Asked Questions

1. Is forex.com safe?

Yes, Forex.com can be considered a safe forex broker due to its regulations, client segregation funds, and negative balance protection for retail clients.

2. What are cash rebates?

A cash rebate is a sum of money returned to a customer after a purchase. It is a marketing strategy used to incentivize sales and boost customer loyalty.

3. Do cash rebates usually have fees?

No, there is no direct fee associated with earning cash rebates in Forex.com

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Checkout This

Forex.com Review 2024 • Fees, Pros & Cons + More

Forex.com broker review

Awards won by Forex.com

Regulations

Why trade with Forex.com?

How to open an account with Forex.com?

Forex.com platform review

Forex.com mobile apps

Forex.com web trader

Meta Trader 4 (MT4)

Meta Trader 5 (MT5)

TradingView

Forex.com reviews asset classes

Stock CFDs

Forex

Indices

Cryptocurrencies

Commodities

Bullions

Funding your Forex.com review account

Withdrawing your funds

Account types of Forex.com

Reference

Forex.com demo account

Forex.com fees and commissions

Trading costs

Forex spread

Reference

Deposit/withdrawal fees

Trading conditions

Other fees

Customer service

Conclusion

Frequently Asked Questions

1. Is forex.com safe?

2. What are cash rebates?

3. Do cash rebates usually have fees?

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