FOREX.com review

Spread from

0.0 pips

EUR/USD spread

Approx. 0.8 pips, Standard

GBP/USD spread

Approx. 1.1 pips, Standard

Commission

$3.50 per side / $7 round turn, RAW

All-in cost, EUR/USD

Approx. 0.7 pips, RAW

Spread type

Variable

Overnight swap

Both: overnight rollover may be charged or credited

Inactivity fee

$15/month after 12 months inactivity

Withdrawal fee

None internally

Currency conversion

0.5%

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

FOREX.com lists a minimum deposit of $100. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Shares, Indices, Commodities, Metals, Cryptocurrencies, Bonds/Rates

Currency pairs

80

Total instruments

6,300+

Crypto CFDs

Yes, jurisdiction-dependent

Maximum leverage

1:30 retail

Execution model

Market maker / principal

Execution speed

Under 1 second

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop, guaranteed stop-loss where available

Servers

Global financial data-centre infrastructure

Leverage is capped at 1:30 retail, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

FOREX.com covers forex, shares, indices, commodities, metals, cryptocurrencies, bonds/rates. A wider range matters less than depth in the instruments you actually trade.

Funding options: debit/credit card, bank transfer, wire transfer and jurisdiction-specific electronic payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

FOREX.com Web Trading, FOREX.com mobile app, MetaTrader 4, MetaTrader 5, TradingView

Own platform

Yes

Mobile app

Both proprietary and third-party

Browser trading

Yes

Automated trading

Yes; MT4/MT5 Expert Advisors and automated trading

Copy trading

No

Indicators

80+ proprietary platform; 100+ via TradingView; MT4/MT5 indicators

Third-party tools

TradingView, Trading Central, Reuters, FX Blue, Performance Analytics

API access

Yes, REST API; institutional FIX connectivity

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

TradingView integration lets you trade from charts you may already use, removing the need to run a second platform for analysis.

Regulated by

CFTC/NFA (0339826); FCA; ASIC; CIRO; CIMA; MAS; JFSA; CySEC

Regulator tier

Tier 1

Register entry

NFA BASIC, NFA ID 0339826

Client money segregated

Yes

Held at

Global network of investment-grade custodian banks

Negative balance protection

Yes for eligible retail CFD clients; not universally applicable to US forex accounts

Compensation scheme

FSCS up to £85,000 for eligible UK clients; CIPF protection for eligible Canadian clients; ICF up to €20,000 for eligible CySEC clients; no equivalent statutory US forex compensation scheme

Audited by

Deloitte & Touche LLP

Not available to

Jurisdiction-dependent; services unavailable where prohibited by local law, with CFD products unavailable to US residents

FOREX.com holds tier-one authorisations from ASIC, FCA, CySEC, MAS, CFTC/NFA and CIRO. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (CIMA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

Minimum deposit

$100

Account types

Standard/Spread-Only, RAW Pricing, MT4, MT5, Corporate, Professional, Demo

Account currencies

USD, EUR, GBP, AUD, CAD, JPY, CHF

Islamic account

Yes, in selected jurisdictions

Demo account

Yes

Professional account

Yes

Minimum trade size

1,000 currency units / 0.01 lot equivalent

Time to open

Typically a few minutes

Deposit methods

Debit/credit card, bank transfer, wire transfer and jurisdiction-specific electronic payment methods

Withdrawal methods

Bank transfer, wire transfer, cards and supported original funding methods

Deposit time

Cards generally instant; bank transfers typically 1-2 business days; wires typically 1-2 business days

Withdrawal time

Typically 1-2 business days for processing, plus banking settlement time

Minimum withdrawal

$100 or remaining account balance if lower

Local payment methods

ACH in US; BPAY/PayID and local banking options in Australia; jurisdiction-specific methods elsewhere

Support hours

24/5

Contact channels

Live chat, email, phone

Languages

Multilingual

Telephone

+1 908 315 0653

Email

support@forex.com

Live chat response

Typically under 2 minutes

Education

Extensive: Trading Academy, courses, lessons, webinars, platform tutorials and educational articles

Research

Extensive: Reuters news, Trading Central, analyst views, technical insights, market analysis and Performance Analytics

Legal entity

GAIN Capital Group LLC

Company number

NFA ID 0339826

Headquarters

Warren, New Jersey, United States

Founded

2001

Publicly listed

No, parent company is publicly listed

Parent company

StoneX Group Inc. (NASDAQ: SNEX)

Employees

4,000+ across StoneX Group

Also trades as

FOREX.com; GAIN Capital