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Written By
G. Dautovic
August 16, 2023
Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions. This, however, does not influence the evaluations in our reviews. Learn more by reading our Advertiser Disclosure.

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

This is an easy-to-use trading platform that offers competitive pricing and superior execution on a global scale. Check out our review to learn about the full list of incentives.


Up to 15% cash rebates for high-volume traders

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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.

Minimum account balance
Withdrawal times
1-2 business days
Spread fees, commissions, rollover fee, inactivity fee
BBB Rating
Years in Business
Forex, indices, stocks, commodities, gold and metal, cryptocurrencies
Mobile Trading App
pros thumb up Strengths
  • Over 80 currency pairs
  • Regulated by the CFTC
  • Well-organized website
  • Transparent pricing
  • Android and iOS trading apps
  • Rich selection of educational material
pros thumb up Weaknesses
  • No phone support Overview is a leading platform for foreign exchange trading, CFD trading, and related services. The company was founded in 2001 and is owned by StoneX Group, a highly reputable financial services company. Listed on NASDAQ, StoneX Group has years of experience and proven financial stability. As of September 2021, this company has an equity capital of  $904 million. is a consumer-oriented brokerage, providing secure and fast trading services. On its website, the company claims to have an impressive average trade execution speed of just 0.04 seconds. Moreover, 99.83% of trades are executed in less than one second. trading is regulated by the Cayman Islands Monetary Authority. It is also regulated by several other jurisdictions, including the Commodity Futures Trading Commission or CFTC in the US, the Financial Conduct Authority or FCA in the UK, and the Monetary Authority of Singapore. In addition, traders’ funds are held by the most prominent banks. 

As its name implies, is a place where you can trade forex (currencies and currency derivatives).

The company offers over 80 currency pairs to its traders. However, forex trading is not the only trading option at During our FOREX review, there was an array of trading assets, including commodities, individual stocks, bonds, ETFs, metals (gold and silver), and oil. Moreover, this brokerage allows you to exchange and trade cryptocurrencies.  

Overall, more than 4,500 trading products are available at For passionate traders, access to companies like Microsoft, Amazon, and Meta with low commissions is just a cherry on top. 

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, is transparent about its pricing plans and trading fees.

How Does Compare to Other Online Brokers? Logo
Minimum deposit

$100 ($1,000 recommended)

Withdrawal times

1-2 business days 

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Minimum deposit

0$ ($500 for robo-advisor service)

Withdrawal times

2-3 business days

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Robinhood Logo
Minimum deposit


Withdrawal times

2-3 business days

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Why Choose

There are many reasons to choose as your online broker. Here’s what you can expect from this trading platform: 

Trading Platforms

When it comes to trading platforms, 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, offers features that ensure quick executions and exceptional performance. 

The web trading 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 more than 80 technical indicators. The analytical trading tools offer integrated trading strategies with hundreds of predefined templates. Additionally, users get advanced charting and drawing tools. 

The FOREX trading 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. 

Trading Experience 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, 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 stock when it reaches a certain price. A stop order is a good way to enter into a trade.


Another great thing about 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 more than 500 markets, intuitive market search and groupings, and more advanced charting. 

Tradable Assets

An important part of our review for 2022 focuses on the securities you can trade. Here’s the list of available assets: 


With the 80+ currency pairs, the platform offers competitive spreads. For example, a typical EUR/USD spread is 1.3 and can go as low as 0.8. Also, if you choose the Active Trader Program, you will receive monthly cash rebates of up to $10 per million dollars traded. 

Indices allows you to trade 15 of the world’s most popular indices with competitive spreads. As a bonus, you can trade sector-themed US indices, including Trump 30, Biden 30, ESG, and Green.


Online reviews from current traders echo our praise for the platform’s stock trading abilities. There are over 9,500 stocks, including those from the world’s most popular companies like Amazon, Tesla Motors, and Netflix.


You can trade various commodities, including oil, cocoa, cotton, coffee, gold, and silver. The spreads are really low, but just keep in mind that the spreads can differ if you use the MetaTrader platform. 


Although limited when it comes to cryptocurrencies, is still a good platform for trading popular digital assets. The platform offers several popular cryptos: Bitcoin, Bitcoin Cash, Ether, Litecoin, and Ripple. If you want to take advantage of crypto trading, having a tracker for your cryptocurrency portfolio is always a good choice. Account Types and Pricing allows you to choose among three account types: Standard, Commission, and 

Direct Market Access Account.'s minimum deposit is $100, but it is recommended to deposit at least $1,000 if you want an enhanced trading experience. With the DMA account, which is designed for high-volume FX traders, the recommended balance is $25,000.

Regardless of the account you choose, all platforms are available for trading. If you prefer to use MT4 or MT5, you’ll have to sign up for the Standard option. 

When it comes to securities, Standard and Commission account holders are able to trade over 80 forex pairs, as well as spot gold and silver, while the DMA account allows 58 forex pairs. Also, the DMA accounts can’t be used to trade cryptocurrencies, indices, and commodities. 

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. charges $15 per month for inactive accounts. earns money in two ways. If you trade on a commission account, the company charges a commission on forex trading and on CFD trading. The platform also earns on the bid and ask spreads. spreads are affected by a range of factors, including market conditions such as the level of volatility and the available liquidity. For instance, a typical USD/CAD spread is 2.9 but can be as low as 1.5. 

Meanwhile, 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.


If you want to trade like a professional, Education Resources is the right place to start. Whether you’re just starting out or have prior trading experience, 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. FOREX trading reviews from 2022 applaud for its valuable educational resources.

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. 

Performance Analytics 

Another great tool we need to mention is performance analytics. The tool can be applied to all forex account types 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 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 review 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. Customer Service provides world-class customer service to deliver an overall positive experience. The customer support team is available from 10 a.m. Sunday to 5 p.m. Friday. There are several ways to contact the agents, including live chat. You can also send a form to apply for an account, and the app will review your application in a timely manner. Competitors 

With over 12 years of experience in the industry and an impressive track record, definitely deserves to be on your list of usable trading platforms. But before you pull the trigger on this trading platform, it’s important to compare with similar companies -  OANDA and TD Ameritrade. 


When it comes to choosing a forex broker, there are a lot of options on the market. Among the more popular brokers are OANDA and Both offer great features and benefits, but which one is right for you?

OANDA is a well-established broker that has been around for 25 years. It’s well-known for its low spreads and transparent pricing. Unlike, OANDA doesn’t require a minimum deposit to open an account. The provider offers a wide range of markets, including forex, indices, commodities, metals, and cryptocurrencies.

However, the list of markets is shorter than the one offered by, and so is the list of available currency pairs. If you're looking for a broker with a wide range of markets and competitive spreads, is probably the better choice. However, if you want a platform with lower costs, go with OANDA. vs. TD Ameritrade and TD Ameritrade are two of the most popular online brokers for trading forex. They both offer a wide range of features and services, but there are some key differences. is a subsidiary of GAIN Capital, while TD Ameritrade is a publicly-traded company.

While offers trading in more than 80 currency pairs, TD Ameritrade only offers about 50 forex pairs. Ameritrade’s standard account has few leverage options, and it's a more expensive trading platform than On the other hand, it offers some unique features not available at, such as paper trading and access to futures and options markets.

Overall, both and TD Ameritrade are solid choices for online forex trading. However, fees and spreads are lower, and it has more currency pairs and more flexible leverage options.

Bottom Line  

There are a number of reasons you might want to choose as your online broker. The online broker offers competitive spreads, fast execution, and deep liquidity. In addition, has a wide range of markets and services to meet anyone's needs. is a regulated broker registered with the National Futures Association and the Commodity Futures Trading Commission, ensuring a secure trading experience. Our broker review confirms that this is a reliable and reputable broker that deserves your attention.


Is legit?


Yes, is a legitimate broker. It is registered with the Commodity Futures Trading Commission or CFTC and is a member of the National Futures Association or NFA in the US. offers a wide range of trading platforms and tools and provides excellent customer service. It has a great reputation among traders and is considered to be one of the best online forex brokers.   

Is good for beginners?


The brokerage is a good choice for beginners for a number of reasons. First, the broker offers a wide variety of currency pairs, which gives beginner traders plenty of options to choose from. Second, offers a demo account that allows a trader to practice trading without risking any real money. Lastly, the broker has a wide variety of educational resources that can help beginners learn the basics of forex trading.

What is the minimum deposit for


The minimum deposit for is $100. This amount allows you to open an account and begin trading. However, the recommended opening deposit is $1,000 because it will give you more trading freedom.

Does have crypto?


Our review covers all of the markets including crypto, which is a great investment option. Crypto is becoming increasingly popular, and is one of the best platforms for trading digital currency.