Forex.com Review for 2026
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The foreign exchange market or forex is the world’s most active financial marketplace. This may sound overwhelming, but with the right broker, you can rest assured that all your trades will be handled appropriately. Enter FOREX.com.
This is an easy-to-use trading platform that offers competitive pricing and access to forex trading on web, desktop, mobile, TradingView, MT4, and MT5 in the US market.
Up to $10 per $1 million cash rebates for high-volume traders
Fortunly Rating
Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.
Strengths
- Over 80 currency pairs
- Regulated by the CFTC
- Well-organized website
- Transparent pricing
- Android and iOS trading apps
- Rich selection of educational materials
- Phone, email, and chat support
Weaknesses
- Inactivity fee after 12 months of no trading activity
FOREX.com Overview
FOREX.com is a leading platform for foreign exchange trading, with spot gold and silver available to US clients and wider CFD access offered in some other regions.
The company was founded in 2001 and is owned by StoneX Group, a wholly owned subsidiary/brand within NASDAQ-listed StoneX Group Inc.
FOREX.com is a consumer-oriented brokerage, providing secure and fast trading services.
The company is regulated by the Commodity Futures Trading Commission and is a member of the National Futures Association in the US (NFA ID 0339826). FOREX.com also operates under other entities in jurisdictions such as the UK, Singapore, Australia, Cyprus, Canada, Japan, and the Cayman Islands, depending on region.
As its name implies, FOREX.com is a place where you can trade forex (currencies and currency derivatives).
However, forex trading is not the only trading option at FOREX.com. For US clients, the core tradable offering is forex, with spot gold and silver also referenced in official materials. The broader list in the original draft, including individual stocks, ETFs, bonds, indices, commodities, and cryptocurrencies, appears to reflect non-US CFD availability rather than the present US offering.
As for beginners, they’ll love the well-organized and navigable website. Users won’t have any trouble accessing services, platforms, and educational tools.
Unlike some trading platforms, FOREX.com is transparent about its pricing plans and trading fees.
How FOREX.com Compares to Other Online Brokers
0$ ($500 for robo-advisor service)
2-3 business days
Open Account
Who Is It For?
There are many reasons to choose FOREX.com as your online broker. Here’s what you can expect from this trading platform:
Trading Platforms
When it comes to trading platforms, FOREX.com has options for every trader, regardless of their level of experience. It guides those who are just starting their trading journey, and for more experienced traders, FOREX.com offers features that ensure quick executions and exceptional performance.
The web platform delivers a superior trading experience on any browser and operating system. The platform has an intuitive UI with a rich set of tools that will help you customize your layouts.
Among these are risk management tools, charts, a smart trade ticket, and many other features.
You can personalize the platform to fit your trading strategies and access it from your home computer, laptop, or mobile phone.
The advanced trading platform is designed for desktop computers. It comes with a highly customizable dashboard that includes drag-and-drop windows to accommodate your trading style, as well as analytics tools and access to over 100 predefined indicators on desktop.
The analytical trading tools offer integrated trading strategies with hundreds of predefined templates. Additionally, users get advanced charting and drawing tools. FOREX.com’s US platform pages also highlight TradingView-powered charts, Reuters news, and integrated research.
An app for mobile devices is also available. You can download it from Google Play or App Store, depending on the operating system you use.
With this app, you can manage your account while you are on the go, check market changes, trade in real-time, and more.
The iPhone app shows a 4.6 rating on the App Store, and the Android app shows 4.7 stars on Google Play.
Trading Experience
FOREX.com platforms provide an excellent trading experience to both beginners and experienced traders.
With the fully customizable dashboard, traders can use drag-and-drop features, advanced charting tools, and many other features.
If you are placing trades for the first time in your life, FOREX.com is the right place to start learning. All trading platforms are very intuitive and easy to use, with well-organized features and tools.
The platform offers several types of orders: stops, OCOs, and limits. An advanced orders feature includes stop-loss orders, which is an order to buy or sell a specific market when it reaches a certain price. A stop order is a good way to enter into a trade.
MetaTrader
Another great thing about FOREX.com is that it allows traders to use downloadable Metatrader platforms.
There are two versions - MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both available for almost all devices and operating systems.
Thanks to its simple interface and advanced technical support, MT4 is one of the most popular trading platforms to trade forex.
With a number of features and tools, MT4 enables traders to make informed trading decisions.
Meanwhile, MT5 is the new and improved version, offering integrated Reuters news, FOREX.com research, technical analysis, and account-management tools.
Account Types and Pricing
FOREX.com allows you to choose among Spread-Only and RAW Pricing accounts, while MT4 and MT5 are also available for traders who prefer MetaTrader platforms.
The minimum deposit is $100, but it is recommended to deposit at least $2,500 if you want more flexibility while trading.
Regardless of the account you choose, you can access FOREX.com’s trading platforms across web, desktop, and mobile.
There are no fees for opening an account or monthly maintenance. But if you don’t trade for more than 12 months, you’ll be slapped with an account inactivity fee. FOREX.com charges $15 per month for inactive accounts.
FOREX.com earns money in two ways. Spread-Only accounts include costs in the spread, while RAW Pricing accounts offer lower spreads with commissions. The platform also earns on the bid and ask spreads.
Eligible high-volume traders can also qualify for cash rebates through the VIP program.
Meanwhile, the rollover rates are highly competitive and are charged if you want to hold your position open overnight. This cost will automatically apply as long as your position is open at 5 p.m. ET.
Education
Whether you’re just starting out or have prior trading experience, FOREX.com offers all sorts of educational materials to help you expand your skills.
The education page is well-organized and equipped with guides and articles on how to sell or purchase stocks, forex, or any other asset.
You can search for educational material based on your trading experience (beginner, intermediate, and advanced) or based on themes.
As far as trading experience goes, you can also do a quiz to determine your level of expertise. The quiz takes only a few minutes to complete and consists of six simple questions.
The education themes are divided into three sections - Trading Concepts, Managing Risks, Technical Analysis.
The sections cover various topics - from explanatory articles about forex to fundamental analysis that will help you with conducting proper stock research.
There’s also a search menu that you can use to find a specific topic and a list of popular topics.
In addition to educational articles, traders can also access platform guides, tutorials, FAQs, and market analysis.
Performance Analytics
Another great tool we need to mention is performance analytics.
The tool can be applied to your account to help you improve your trading. It tracks and reviews your trading behavior and helps you make better decisions based on your previous moves.
The performance analytics tool is free, and you can track the account performance in real-time. You can also access this tool through the mobile app.
Withdrawing Funds
There are a few simple steps to follow when withdrawing your funds from FOREX.com. First, make sure that you have the required documentation on hand. You'll need to provide proof of identity and proof of address.
You'll need to log in to your account and access the withdrawal page. From there, you'll enter the amount you wish to withdraw and select your payment method.
The withdrawal involves the verification of your account before the transaction is approved.
It usually takes between one and two business days for the funds to be transferred, depending on the payment method you choose.
Wire withdrawals are typically processed quickly, although the exact timing may depend on your bank.
Customer Service
FOREX.com provides world-class customer service to deliver an overall positive experience. The customer support team is available via phone, email, and live chat.
You can also send a form to apply for an account, and the company will review your application in a timely manner.
Our Verdict
There are a number of reasons you might want to choose FOREX.com as your online broker. The company offers competitive pricing, multiple trading platforms, and excellent educational resources.
FOREX.com is a regulated broker registered with the National Futures Association and the Commodity Futures Trading Commission, ensuring a secure trading experience.