FOREX.com is a highly trusted broker backed by the publicly traded StoneX Group Inc. delivering excellent trading tools and broad market access for forex and CFD traders across the globe. While pricing isn’t its strongest point (unless you’re a high-volume trader), I’ve found its platforms to be reliable and full of features that benefit traders at all levels.
FOREX.com’s educational resources, particularly its award-winning Trading Academy, are top-notch and offer real value. Research and video content have also improved year over year. If you prioritize platform quality, high-quality research, and a wide variety of assets, FOREX.com is a strong choice.
FOREX.com Summary
| Established: 2001 | Website: https://www.forex.com |
|---|---|
| Address: Bedminster One 135 US Highway 202/206 Suite 11 Bedminster, NJ 07921, United States. | Minimum to Open Live: $50 |
| Regional Offices: Japan, United Kingdom, United State. | Regulators : Financial Conduct Authority (FCA) in the U.K., Financial Services Authority (FSA) in Japan, Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA) in the U.S. |
| Minimum Trade Size: 0.01 | Prohibited Countries: Germany. |
| Maximum Leverage: 1:200 | ECN: Direct Market Access. |
| Mobile Trading: Available | Currencies: 80+ |
| Trading Platforms: MT4, MT5, and WebTrader. | Cryptocurrencies: 5+ |
| Robots: Allowed | CFD: (25+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities. |
| Scalping: Allowed | Web Trading: Available |
| Deposit Methods: VISA, MasterCard, Local Bank Transfers, Maestro. | Withdrawal Methods: VISA, MasterCard, Local Bank Transfers, Maestro. |
Leverage
The leverage at FOREX.com is 1:200 at the maximum level. You should know that in our FOREX.com review, we found that the best way for a trader to benefit from using this broker would be if they are very active.
If you open an account with $50, you would need at least 1:20 in leverage to make the smallest position possible, if the minimum trade size is $1000.
The clients in the U.S. have access to all the forex pairs as well as the CFDs on indexes, commodities, and stocks. If you are in the U.K., you can also trade in cryptocurrency. However, digital money is not available for U.S. citizens.
Platform Experience
FOREX.com connects financial news, technical review, and automated trading tools as part of the Advanced Trading platform. They also provide the MetaTrader4 platform developed by MetaQuotes Software Corporation as well as the GTX Capital platform.
Moreover, in 2017, FOREX.com combined the Trading View trading platform under the Web Trading brand. They took over the American FXCM clients, which is the tenth purchase since the first public offering in 2010.
The commission and fees, vary depending on the type of account. Moreover, they are comparable to peers, including FXCM, FxPro, Saxo Bank, I.G., and other competitors, in calculating the total transaction costs on major currency pairs such as EUR / USD and in different pricing plans for volume traders.
Investment Program
FOREX.com offers an active investment program with five price levels. The first level starts with average spreads of 1.2 pips for EUR / USD for business entities. They have a balance of at least USD 25,000. Spreads are more defeated with each following level as investors exceed certain thresholds for trading volume from month today (MTD).
The most aggressive valuation, the fifth, concerns entrepreneurs who exceed USD 500 million in the MTD volume.
FOREX.COM do a great job focusing on the Advanced Trading platform. They keep it well organized so that customers can easily access it from one place.
Customer Support
As a client, you will have more than one way to contact the people at FOREX.com. These will include live phone support and online chatting as well as FAQs with extensive information and other tutorials on the websites.
The online chat and phone support are available for current clients and prospective clients who want to know about the company. That limits the kinds of questions you can ask.
For more in-depth and highly specific questions, you will need to talk to a person, and that requires you to use email. The message function for this is found at the bottom of the support page on FOREX.com.
