FOREX.com review

Pricing is commission-free, so the cost sits in the spread rather than a separate deal charge. The euro against the dollar carries a spread of 1.2%, and that figure is the one to watch if you trade often or in size. The commission-free model runs across the account, not on one pair alone.

The minimum deposit is $100. That is a clear step up from the €4.64 median across the brands compared here, and well above $0 at CFI and $5 at Vantage. Plan the funding before you open, because the threshold applies at the account level.

It is regulated by the FCA in the UK, the NFA/CFTC in the US and the ASIC in Australia. UK clients sit under investor protection of FSCS up to GBP 85,000, which puts a limit on what a qualifying claim pays out. The UK figure is the one that applies to a UK account.

The range covers forex, CFDs and crypto, so one account handles currency pairs, leveraged index and commodity positions, and digital assets. That is narrower than the eToro list, which runs to stocks, etfs and forex. If shares and ETFs are part of your plan, this is not the account to use.

Yes. A demo account is one of the listed platform features, so you can run the platform with virtual funds before committing the $100 deposit. A mobile app is listed too, which makes it straightforward to check pricing and place practice trades away from a desk.

Retail accounts lose money at 74%, a little above the 70.15% median for the brands compared here. Commission-free pricing removes the deal charge but not the spread, and most losses come from the market rather than the fee. Size positions so a run of losses is survivable.

It suits UK retail traders who want a single commission-free account covering forex, CFDs and crypto, and who put weight on holding a UK-regulated firm with FSCS up to GBP 85,000 behind it. It suits you less if you are starting with a small sum, since the $100 entry is the hurdle to clear first.