Forex.com is a global online forex broker founded in 1999, making it one of the early entrants in the online forex trading industry. The company is headquartered in the United States and is regulated by multiple financial authorities, including the Commodity Futures Trading Commission (CFTC) in the U.S. and the Financial Conduct Authority (FCA) in the UK.
Specializing primarily in forex trading, Forex.com also offers CFDs on commodities, indices, and cryptocurrencies. The broker provides various trading platforms including its proprietary Forex.com platform, MetaTrader 4, and a range of mobile solutions.
Forex.com emphasizes quality customer support, available 24/7. Educational resources like webinars, articles, and tutorials are plentiful and targeted at traders at all experience levels.
With an unwavering focus on security, Forex.com adheres to stringent regulatory guidelines and employs robust security measures to safeguard client funds.
Forex.com Broker Review
Overview
- Website: Forex.com
- Founded: 1999
- Headquarters: United States
- Regulations: CFTC, FCA
- Minimum Deposit: $50
- Trading Platforms: Forex.com platform, MetaTrader 4
Overall Rating: 4.6/5
Pros and Cons
Pros
- Long-established reputation
- Strong regulatory oversight
- Comprehensive educational resources
- 24/7 customer support
Cons
- Limited range of non-forex assets
- Some fees on withdrawals
Usability
The proprietary Forex.com platform offers a user-friendly interface that’s easy to navigate, making it suitable for traders of all levels.
Features
This platform is equipped with professional charting tools, integrated research, and risk management features. MetaTrader 4 is also available for those who prefer it.
Mobile App
Forex.com offers mobile apps that are fully functional, allowing trading from anywhere, anytime.
Account Types
- Standard Account
- Minimum Deposit: $50
- Leverage: Up to 50:1
- Spreads: From 1.0 pips
- Premium Account
- Minimum Deposit: $10,000
- Leverage: Up to 50:1
- Spreads: As low as 0.2 pips
Asset Coverage
- Forex: 80+ currency pairs
- Commodities: Gold, Oil, Silver
- Indices: S&P 500, FTSE 100, etc.
- Cryptocurrencies: Bitcoin, Ethereum
Customer Service
Available 24/7 via live chat, phone, and email.
Deposit and Withdrawal
Methods
- Bank Transfer, Credit Card, PayPal
Fees
- No deposit fees; some withdrawal fees may apply.
Regulation and Security
Forex.com is regulated by the CFTC in the U.S. and the FCA in the UK. Security measures include high-level encryption and segregated accounts for client funds.
Conclusion
Forex.com offers a robust trading experience backed by excellent customer service and strong regulatory oversight. Though it focuses primarily on forex, the broker has gradually expanded its asset offerings. Forex.com is a reliable choice for traders looking for a well-regulated broker.
Disclaimer: Trading involves risks and is not suitable for everyone. This review is for informational purposes only and should not be considered as financial advice.
I hope you find this review helpful. Always perform your own due diligence before trading.
