FOREX.com Review 2025

Pros

• FOREX.com provides a selection of top trading platforms and additional features. These include Trading Central research, a SMART Signals pattern scanner, trading signals, and strategy builders.
• Numerous educational materials such as tutorials, webinars, and a comprehensive YouTube channel are available to assist you in learning about the financial markets.
• The Web Trader remains one of the top platforms for budding traders, boasting a sleek design and more than 80 technical indicators for market analysis.
• FOREX.com has over 20 years of experience with strong regulatory oversight, and has received multiple awards, including second place in our 'Best Forex Broker' awards. As such, FOREX.com is globally reputed as a reliable trading brokerage.
• FOREX.com provides top-tier forex pricing beginning at 0.0 pips. They also offer competitive cashback rebates up to 15% for dedicated traders.

Cons

• US clients do not have negative balance protection, so you can potentially owe more than your original account deposit.
• FOREX.com's MT4 platform provides around 600 instruments for trading, which is considerably less than the 5,500+ options accessible on its other platforms.
• The funding options are not as extensive as those of top competitors such as IC Markets and lack several widely-used e-wallets, particularly UnionPay and POLi.
• FOREX.com has expanded their trading offerings, but these remain limited to forex and CFDs. Unfortunately, they don't provide options to invest in actual stocks, ETFs, or cryptocurrencies.
• Demo accounts have a limited time duration of 90 days, which may not be sufficient for thoroughly testing trading strategies.

Regulation & Trust

FOREX.com is a trusted broker regulated by over 10 authorities, including top-tier ones like the National Futures Association (NFA) and Commodities Futures Trading Commission (CFTC) in the US, the Financial Conduct Authority (FCA) in the UK, and the Cyprus Securities & Exchange Commission (CySEC).

Other regulated regions include Canada, Australia, Hong Kong, Japan, Singapore, and the Cayman Islands.

This strong regulatory oversight gives confidence in its investor protection standards.

Cayman Islands Monetary Authority (CIMA) regulation has helped FOREX.com expand in South Asia, Africa, and beyond. Since its parent company, StoneX Group, is a publicly listed company (NASDAQ: SNEX), that adds another layer of credibility.

There are also strong security measures in place. Client funds are kept separate from the company’s money, protecting them in case of financial trouble.

UK clients have up to £85,000 in coverage through the Financial Services Compensation Scheme (FSCS), while Canadian clients are covered up to $1,000,000 through the Canadian Investor Protection Fund (CIPF).

Negative balance protection has been available for UK and EU traders since 2018, following European Securities and Markets Authority (ESMA) regulations. The mobile app is secure and supports both 2FA and biometric login.

However, US traders have to be more cautious because FOREX.com doesn’t offer negative balance protection in the US. This means there’s a real risk of owing more than your deposit if a trade goes wrong, which is a serious consideration for anyone trading with leverage.

Accounts & Banking

Accounts

FOREX.com offers two main live accounts: Standard and RAW Spread.

The Standard account is suitable when you prefer traditional spread pricing without commissions, mainly if you use MetaTrader.

On the other hand, you can turn to the RAW Spread account when you need tighter spreads with minimal commission, which is excellent for active trading.

US traders have three account choices: Standard, RAW Pricing, and MetaTrader 4.

The Standard account is excellent for forex trading. It has spreads starting at 1.0 pip and no commissions, plus extra features like signals and market news.

If you’re comfortable with the MetaTrader 4 (MT4) platform, the MetaTrader 4 account works well. It offers variable spreads from 1.0 pip and comprehensive market insights.

The RAW Pricing option is ideal if you want low spreads from 0.0 pips with a $5 commission.

Opening an account is easy—it takes just a few minutes—but approval can take up to 48 hours.

The $100 minimum deposit makes it appealing, especially for beginners. However, brokers like Pepperstone and OANDA don’t require a deposit.

Pro tip: Start with the demo account offering $10,000 in virtual funds, available for 90 days on the FOREX.com platform or MT4.

Deposits & Withdrawals

FOREX.com offers limited deposit options, and the methods vary depending on your location.

To fund your account, you can use a credit card, debit card, some e-wallets like PayPal, and wire transfers.

For US clients, options include debit card, ACH transfer, and wire transfer.

Deposits via card or PayPal are nearly instant, but wire transfers can take up to two business days.

FOREX.com does not charge deposit fees, but your bank might treat them as cash transactions and charge their own fees.

You can choose from eight base currencies, such as USD and EUR, which is better than many platforms but still not as flexible as IG, which supports 12 currencies.

To avoid conversion fees, I use my account’s base currency.

To fund an account, log into the client portal, select ‘Funding,’ and then ‘Deposit’ to complete the payment.

For withdrawals, you must use the same method you used for deposits and ensure it’s to an account in your name. US and Canadian clients face a withdrawal fee if the amount is under $10,000.

Bonuses & Promotions

FOREX.com offers limited deposit options, but you can still take advantage of its 20% welcome bonus, which goes up to $5,000.

To qualify, you must deposit at least $250 and trade 200 micro lots.

Unfortunately, the bonus isn’t available everywhere, including in the US, UK, Canada, and China.

The Active Trader program is a great benefit for high-volume traders.

It reduces costs by up to 15% through cash rebates, offers higher interest on uninvested cash, and provides a dedicated account manager.

To be eligible, you need to make a $10,000 deposit or trade $50 million within a month. It’s an excellent option if you are looking for a more personalized experience.

Assets & Markets

FOREX.com focuses on forex and CFDs, so you can’t trade real stocks, ETFs, or options.

The available products depend on your location and the regulations of your account. For example, CFD trading is banned in the US.

You can access various instruments, including 84 currency pairs, 17 stock indices, 5,500 stocks, 20 ETFs, 26 commodities, 12 bonds, and eight cryptocurrencies.

This gives you more trading options than most brokers we’ve tested, especially if you’re focused on forex or stock CFDs, but still can’t match BlackBull Markets‘ library of over 26,000 instruments.

FOREX.com has also expanded its offerings, adding more stock CFDs for Canadian traders in 2022.

Leverage

You can access leverage up to 1:200, depending on regulations. In Europe, it’s limited to 1:30, and in the US, forex trading is capped at 1:50. You can’t take leveraged positions on spot gold or silver.

By default, FOREX.com sets leverage at 1:50, but if you use a MetaTrader 4 account, you can adjust it between 1:10 and 1:20.

Since trading with leverage increases risk, use risk management tools.

EU and UK clients can use guaranteed stop-loss orders for extra protection, but unfortunately, this option isn’t available for US traders.

Fees & Costs

FOREX.com stands out with great pricing, especially for active traders.

With the RAW Spread account, you can trade EUR/USD with spreads starting at 0.0 pips and a $5 commission per $100k, which is a strong deal compared to most brokers we’ve evaluated.

The Standard account offers competitive variable spreads, often as low as 1.0 pips.

Since I trade actively, I take advantage of the Active Trader program. By depositing $10,000 and trading 30 standard lots per month, I can save up to 15% on standard pricing.

When you compare FOREX.com to FXCM and OANDA, live pip spreads—especially on major pairs like EUR/USD—are just as good, if not better.

When trading in a currency other than my account base, you have to watch out for currency conversion fees, which usually add around +/-0.5% to the market price.

Rollover rates kick in at 17:00 (ET) for overnight positions, but they’re manageable. If you go inactive for over a year, there’s a $15 fee, though you can avoid it by temporarily disabling your account.

One thing FOREX.com could improve is its interest on uninvested cash rates to match eToro and Interactive Brokers.

Still, its strong promotions and competitive pricing make it a solid choice for active traders.

Platforms & Tools

FOREX.com gives you plenty of trading software options to match different styles and needs, though I wish it had a copy trading service like eToro or Pepperstone.

The Web Trader platform is easy to use and highly customizable. While the desktop version feels outdated, it still offers powerful tools.

It’s great having 10 chart types and over 80 technical indicators for deep analysis. The integrated economic calendar also makes it easy to stay informed about market events, and placing trades is quick and seamless.

FOREX.com’s Web Trader platform is clean, intuitive and easy to use

I also use TradingView, which connects smoothly with FOREX.com. The charting tools are intuitive, and I can customize everything to fit my strategy.

TradingView’s market screeners, alerts, and over 80 indicators are invaluable. The community forums also offer great insights from other traders.

MT4 and MT5 are also solid choices for more advanced tools and automation. Despite their dated design, they remain popular because of their extensive features and community support.

FOREX.com is one of the best brokers for MetaTrader, offering the most server hosting options. You can use Expert Advisors (EAs) for automation, and with so many online tutorials, it’s easy to make the most of the platform.

Trading on the go is smooth with the FOREX.com mobile app for Android and iOS. It gives you full trading capabilities, advanced charts, and handy tools like alerts, an economic calendar, and Reuters news.

The latest updates added real-time risk management and new TradingView-powered charting tools. The app even includes training videos to help you navigate everything efficiently.

Research

FOREX.com makes market analysis easier with an organized platform full of insights.

You get automated pattern recognition from Trading Central, real-time Reuters headlines, and an integrated economic calendar—all in one place.

Trading Central’s ‘Market Buzz’ and ‘Technical Insight’ tools add more depth to the trading experience.

FOREX.com’s ‘Week Ahead’ blog provides insights and market trends to help you plan your trades

The daily content is top-notch, covering a wide range of market themes.

I always look forward to the ‘Week Ahead‘ series and daily articles from in-house analysts, which help me spot trading opportunities. The research tools are detailed and genuinely helpful.

If you use MT5, it’s worth knowing that FOREX.com offers a forex VPS for running automated strategies 24/6.

As long as you keep a $5,000 balance and trade 10 mini lots per month, you can use EAs without worrying about interruptions.

Education

FOREX.com offers some of the best educational resources we’ve come across in our years of broker testing.

You can dive into interactive courses with videos covering everything from chart patterns to risk management.

The ability to filter courses by experience level and track your progress makes learning convenient and tailored to your needs.

I also take advantage of the live YouTube-hosted webinars, which explore market outlooks and trading strategies around events like Nonfarm Payrolls (NFP).

Learn trading essentials with FOREX.com’s expert-led educational videos

Quarterly outlooks and an economic calendar also keep you informed.

When you need quick trading ideas, check the ‘Pivot Points’ section on the website for support and resistance levels or browse the market pages for an in-depth analysis of different assets.

The only drawback is that most of this content is only available on FOREX.com’s main website, which can be somewhat inconvenient.

Customer Support

FOREX.com provides reliable customer support 24/5 through phone, email, and live chat. It’s a shame support doesn’t extend to 27/7, though, like IC Markets.

I prefer using live chat for quick answers. While there’s sometimes a short wait, the agents are efficient and get straight to the point.

Whenever I need help with withdrawals, leverage adjustments, or login issues, they resolve my concerns without the hassle of emailing back and forth.

The support team covers everything from lot sizes to interest rates and account complaints.

When you don’t feel like waiting, check the FAQs—it’s well-organized and easy to find information on managing funds, setting up an account, and margin trading.

Should You Trade With FOREX.com?

FOREX.com stands out with strong regulation and a wide range of assets. Its competitive pricing works well for traders of all experience levels.

The platform is easy to use based on our hands-on tests, making it accessible to traders worldwide, especially with its expansion into Latin America.

It consistently ranks among our top brokers and keeps improving its trading tools and instruments, which makes a big difference in staying ahead in the market.

Article Sources

• FOREX.com Website
• FOREX.com ‘Week Ahead’
• FOREX.com Webinars
• FOREX.com FAQs
• FOREX.com – NFA License
• FOREX.com – CFTC License
• FOREX.com – FCA License
• FOREX.com – CySEC License
• FOREX.com – CIMA License
• Financial Services Compensation Scheme (FSCS)
• Canadian Investor Protection Fund (CIPF)

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