Forex.com is a global broker for Forex and CFD trading. The broker was founded in 2001. FOREX.com is a trademark of StoneX Financial Ltd, which is already listed on the New York Stock Exchange, USA. Forex.com is regulated and supervised by top-tier financial authorities, making them highly secure and trusted. Forex.com ranked 1st as an online broker in the USA in 2019, according to the report issued by CFTC, the Commodity Futures Trading Commission. The broker also provides a competitive fee structure and a trading environment that suits all types of traders, from beginners to professionals in financial market trading.
Forex.com offers its clients the ability to trade more than 4,500 products and investment tools to apply a competitive fee system to make the trading environment the most suitable for all types of traders. You can trade more than 80 foreign currency pairs, commodities, and indices, as well as trade cryptocurrencies. The broker also offers you the ability to trade on major companies from Facebook, Amazon, and Microsoft with a competitive fee system starting from 1.8 cents only. You can also trade on cryptocurrencies with fixed spreads and a minimal margin.
Forex.com Regulations
- The Financial Conduct Authority (FCA), UK
- US Commodity Futures Trading Commission (CFTC),
- Member of the National Futures Association (NFA),
- The Investment Industry Regulatory Organization of Canada (IIROS),
- The Cayman Islands Monetary Authority (CIMA),
- Financial Services Authority (FSA) in Japan,
- Australian Services and Investments Commission (ASIC).
Open a Forex.com trading account.
Forex.com is a global trading broker and accepts clients from almost all over the world, including the USA, for sure. With some exceptions, that include New Zealand and Hong Kong. The minimum amount required to open a Forex.com trading account is $ 100. Trading accounts come with six major currencies, including; The Euro EUR, the American dollar USD, the British pound sterling (GBP), the Australian dollar (AUD), the Japanese yen (JPY), and the Swiss franc (CHF).
Forex.com provides various trading accounts with competitive and unique fees for each type to suit traders’ needs, regardless of their trading level. The broker offers three main trading accounts. Whether you are a beginner in the market trading or already have trading experience, you can choose from the different trading accounts provided by Forex.com and select the one that best suits your investment goal:
- Standard account
- Commission account
- DMA account
The standard account comes without the company’s commission structure, and you can trade on the MetaTrader 4 platform, which is the traditional trading platform for all financial market traders. The other two types of accounts are mainly based on Forex.com’s distinct commission structure. The minimum deposit is $ 100, except for the DMA account, which comes with a minimum deposit of $ 25,000. The maximum leverage is 1:50.
| Account Comparison | |||
| STANDARD | COMMISSION | STP PRO | |
| FOREX.COM TRADING PLATFORMS | |||
| Web Trading | ✔ | ✔ | Top of book trading |
| Mobile Apps | ✔ | ✔ | Top of book trading |
| Desktop Platform | ✔ | ✔ | ✔ |
| METATRADER 4 | |||
| Download | ✔ | ||
| Web trading | ✔ | ||
| Mobile apps | ✔ | ||
| CURRENCY MARKETS | 82 currency pairs | 82 currency pairs | 60 currency pairs |
| METALS MARKETS | Gold & silver | Gold & silver | Gold & silver |
| PRICING | |||
| Spreads only | ✔ | ||
| Spreads plus commissions | ✔ | ||
| Commissions only | ✔ | ||
| MARKET-MAKER MODEL | ✔ | ✔ | |
| STP MODEL | ✔ | ||
| DIRECT MARKET ACCESS | ✔ | ||
| CASH REBATES | For accounts that qualify | For accounts that qualify | |
| WAIVED WIRE FEES | For accounts that qualify | For accounts that qualify | ✔ |
| DEDICATED MARKET STRATEGIST | For accounts that qualify | For accounts that qualify | ✔ |
| EARN INTEREST | For accounts that qualify | For accounts that qualify | ✔ |
| API TRADING | ✔ | ✔ | |
| RECOMMENDED BALANCE | $1,000 | $1,000 | $25,000 |
Only 10 – 15 minutes, that’s all you need to do to open a trading account with forex.com. The broker accepts clients almost all over the world.
- Primary data “full name – country – email – phone number – address – date of birth.
- Choose the account type and trading platform.
- Determine the major currencies.
- The size of the leverage.
- Some questions regarding your level of trading experience.
- Verify your identity.
Deposit and withdrawal
Speaking of withdrawals and deposits, Forex.com offers a wide variety of payment methods. Where you can withdraw and deposit via;
- Bank transfer
- Debit / Credit Cards
- PayPal.
Deposits and withdrawals are immediate and sometimes up to 10 business days. As mentioned, the minimum deposit to open a trading account with Forex.com is $ 100. According to the Anti-Money Laundering Authority, your bank data must match your trading account details with Forex.com.
Spread with Forex.com
The standard account is the most suitable choice for traders at the beginning of their experience of trading in the financial markets, as the broker offers this type of trading account with competitive fees and without any commissions imposed on trading deals. Only the cost is the “spread”. If you are such a trader looking for a more flexible trading account and a lower fee structure, then the commission account is the best fit for you as the spread starts from only 0.2 pips. The DMA account, which is intended for active traders and those who trade large volumes, is the ideal account for them to start trading.
Forex.com has a competitive fee and commission structure compared to online trading brokers in this industry. Simultaneously, the spread starts from 1.0 pips if you are using the commission-free system. The most competitive advantage offered by Forex.com is the one that comes with the commission structure, with spreads starting from 0.2 pips with a flat fee of $ 5 for every $ 100,000 trade volume.
Forex.com also charges a rollover fee, also known as a swap interest, to keep your positions open overnight. You can quickly learn about these fees through the trading platform directly, as the broker is characterized by transparency and clarity in the structure of fees and commissions.
Forex.com user experience
Forex.com offers various trading platforms to suit other traders’ needs according to their investment goals. The broker works to provide a flexible and fast trading experience and gives you complete control over your trades.
Forex.com is the largest MetaTrader broker in the world. You can try MetaTrader 5 with advanced analytical tools for a unique user experience to manage your trading account.
MT4 The traditional trading platform is only available to standard trading account holders. The platform also comes with 20 Expert Advisors (EAs) and advanced indicators that help you effectively control your trades. Also, there is a cooperation between the company FX Blue and Autochartist to provide cutting-edge solutions on the MetaTrader 4 trading platform and provide a flexible trading environment to maximize your trades’ benefit.
The Forex.com desktop version is the best for its advanced features and features. It is highly recommended for professional traders to provide integrated trading strategies, progressive trading ideas and indicators, and technical market analysis, attracting traders to use it as an alternative to MetaTrader 4. So just do not miss the opportunity to try this trading environment.
Customer support service
Forex.com provides its clients with outstanding technical service to answer any questions you may have. You can reach technical support via a phone call, live chat, or browse their blog and FAQ, where you can search for what you want. The service is available 24/5 from Monday to Friday during global market hours.
Forex.com Review Summary
Forex.com is a global broker for Forex and CFD trading regulated by high-profile financial bodies, such as
- The Financial Conduct Authority (FCA), UK
- US Commodity Futures Trading Commission (CFTC),
- Member of the National Futures Association (NFA),
- The Investment Industry Regulatory Organization of Canada (IIROS),
- The Cayman Islands Monetary Authority (CIMA),
- Financial Services Authority (FSA) in Japan,
- Australian Services and Investments Commission (ASIC).
Forex.com offers low fees for foreign exchange trading and is competitive compared to other brokers in the industry. A minimum deposit of $ 100. There is no inactivity fee unless you trade for one year, so why not try their trading environment and start trading with Forex.com.
