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Alison Heyerdahl
Edited by Alison Heyerdahl
Author

Forex.com Broker Review

4.62
/ 5
Min deposit
USD 100
Regulated By
ASIC, CIMA, CySEC, FCA, MAS
Trading Cost
USD 7
Leverage
50:1
Copy Trading
Yes
Platforms
MT4, MT5, FOREX.com Web Trader, TradingView
Instruments
Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices (
Metals
)
Following the purchase of the Forex.com and CityIndex brands by StoneX we are currently not comfortable recommending these brands to traders due to changing policies and likely changing trading conditions

Our Verdict on Forex.com

Founded in 2001, Forex.com is a well-regulated broker with high minimum deposits and low fees that is more suited to serious beginners and more experienced traders. Beginners with low minimum deposits will be put off by the high trading costs on Forex.com’s entry-level Standard and MT4 accounts. But experienced traders will be interested in the DMA account with a minimum deposit of 25,000 USD but the most competitive spreads (0.0 pips on the EUR/USD) combined with some of the lowest commissions in the industry. 

Forex.com provides support for MT4 and its own trading platform and experienced traders will appreciate the range of trading tools on offer, including Autochartist, Trading Central, Trading View, SMART Signals, and subsidised VPS hosting.  

Education and market analysis are both excellent and experienced traders will appreciate the wide range of tradable assets, including over 91 currency pairs, 4500 share CFDs, commodities, indices, precious metals, and cryptocurrencies.

Overall, Forex.com ticks all the boxes for those with higher minimum deposits looking for a wide range of assets to trade and a choice of trading platforms.

Pros

  • Well regulated
  • Wide range of assets
  • Excellent education

Cons

  • High inactivity fees
  • Limited demo account
Trust Rating
5
Trading Conditions
5
Platforms
4.5
Education
5
Beginner Friendly
4
Assets Available
4
Analysis Research
5
Deposit & Withdrawal
4.5
Overall Rating
4.62
/ 5
Base Currencies
USD, EUR, CAD, JPY, CHF, AUD, GBP
Number of FX Pairs
91
Crypto Pairs
8
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes
Account Name
Standard
Commission
Fees Included in Spread
EUR/USD
0.70
GBP/USD
1.10
USD/JPY
1.40
Negative Balance Protection
Yes
Company Name
StoneX Ltd
Founded
2001
Website Language
English, German
Support Language
English, German, Polish, Spanish
Office Locations
United Kingdom, Cyprus, Australia, Cayman Islands
Support Email Address

Deposit & Withdrawal

banktransfer
maestro
mastercard
neteller
paypal
skrill
visa

Supported Platforms

Best MT4 Forex Brokers
Best MT5 Forex Brokers
Forex.com
TradingView

Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Head of Content

Chris Cammack

Head of Content at FxScouts since 2019, Chris Cammack ensures all content meets our high standards of quality and clarity, shaping editorial guidelines and overseeing broker reviews. Chris brought 10 years of experience in research, editorial, and design for political and financial publications, and has a deep knowledge of international financial markets and geo-politics. He co-hosts the "Let's Talk Forex" podcast with Alison and writes for the news section on a regular basis.

Alison Heyerdahl

Senior Financial Writer

Alison Heyerdahl

Alison joined the team as a writer in 2021. She is the Senior Financial Writer for FxScouts. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.

Ida Hermansen

Financial Writer

Ida Hermansen

Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida's passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.

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