FOREX.com Review

Forex and CFD traders

NFA CFTC FCA ASIC CySEC CIRO MAS FSA SFC

Founded 2004 · United States · StoneX Group Inc.

Why investors choose this broker

Regulated by NFA, CFTC, FCA, ASIC, CySEC, CIRO and other top-tier authorities
Parent company StoneX Group is NASDAQ-listed
RAW Pricing account with spreads from 0.0 pips
Wide platform choice: proprietary Web Trader, MT4, MT5, TradingView, NinjaTrader

Review summary

FOREX.com is a forex and CFD broker launched in 2004, regulated across multiple jurisdictions including the FCA, NFA, and ASIC, offering over 80 currency pairs, spread betting (UK), and access to MetaTrader, TradingView, and proprietary platforms.

Pros

Regulated by NFA, CFTC, FCA, ASIC, CySEC, CIRO and other top-tier authorities
Parent company StoneX Group is NASDAQ-listed
RAW Pricing account with spreads from 0.0 pips
Wide platform choice: proprietary Web Trader, MT4, MT5, TradingView, NinjaTrader
Over 80 forex pairs and 5,500+ CFDs (outside US)
Free demo account with up to $50,000 in virtual funds
Spread betting available to UK clients
Extensive educational resources and market research

Cons

No real stocks or ETFs - only CFDs on equities
$15 per month inactivity fee after 12 months
Wire withdrawal fees apply (from $25 for US clients; international fees vary by region)
Standard account spreads on EUR/USD are in the low-to-mid single-digit pip range, higher than some low-cost competitors
Demo accounts expire after 90 days
No copy trading or social trading features
Crypto CFDs unavailable to US and some other regional clients

Company background

FOREX.com is a retail trading brand launched in 2004 by GAIN Capital, a US-based financial services firm founded in 1999. In 2020, StoneX Group Inc., a NASDAQ-listed financial services conglomerate, acquired GAIN Capital for approximately $236 million. The broker is headquartered in Warren, New Jersey, with regulated entities serving clients across the US, Europe, Canada, Australia, Singapore, Japan, and Hong Kong. It focuses on forex and CFD trading rather than multi-asset investing, and does not offer real stocks or ETFs.

Fees and pricing

FOREX.com offers two main account types. The Standard account uses spread-only pricing with no commissions; EUR/USD spreads are typically in the low-to-mid single-digit pip range. The RAW Pricing account offers spreads from 0.0 pips on major pairs with a $7 commission per $100,000 traded. Share CFD commissions are 1.8 cents per share for US stocks and 0.08% for UK, EU, and Asian stocks. There is no account or deposit fee. Wire withdrawals may incur a fee from $25 for US clients; international wire fees vary by region. An inactivity fee of $15 per month applies after 12 months without trading activity.

Regulation and safety

FOREX.com entities are regulated by the NFA and CFTC in the US, FCA in the UK (via StoneX Financial Ltd, FCA FRN 446717), ASIC in Australia, CySEC in Cyprus, CIRO in Canada, MAS in Singapore, FSA in Japan, and SFC in Hong Kong. Parent company StoneX Group Inc. is publicly traded on NASDAQ. Client funds are held in segregated accounts at top-tier financial institutions, separate from company operating funds.

Platform experience

FOREX.com offers the proprietary Web Trader and Advanced Trading desktop platform, MetaTrader 4, MetaTrader 5, TradingView integration, and NinjaTrader for US futures access. Platform availability varies by region. A free demo account with up to $50,000 in virtual funds runs for 90 days on the proprietary platform and 30 days on MT4. iOS and Android mobile apps are available for all account holders.

Pros and cons

FOREX.com's main advantages are its multi-jurisdictional regulation (including FCA, NFA, and ASIC), backing by a publicly listed parent company, competitive RAW account pricing, broad platform choice, and access to over 80 forex pairs and 5,500+ CFDs outside the US. The main drawbacks are the absence of real stocks and ETFs, a $15 monthly inactivity fee, wire withdrawal charges, and no copy or social trading features.

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Trading fees & commissions

Standard accounts use spread-only pricing with EUR/USD spreads typically in the low-to-mid single-digit pip range; the RAW Pricing account offers spreads from 0.0 pips with a $7 commission per $100,000 traded. An inactivity fee of $15 per month applies after 12 consecutive months of no trading activity.

Fees

Item	Fee
Cfds	Spread-only on indices and commodities; share CFDs: 1.8 cents per share (US), 0.08% of consideration (UK/EU/Asia)
Margin	Overnight financing charges apply to positions held past daily rollover
Account	No account opening or maintenance fee
Deposit	No deposit fee; wire transfers may incur third-party bank charges
Inactivity	$15 per month after 12 months of no trading activity
Withdrawal	No fee for card or standard bank transfers; wire withdrawals may incur a fee (from $25 for US clients); international wire fees vary by region

Trading platform & features

Platforms

FOREX.com Web Trader
FOREX.com Advanced Trading
MetaTrader 4
MetaTrader 5
TradingView
NinjaTrader
iOS app
Android app

Regulation and investor protection

FOREX.com operates through entities regulated by the NFA and CFTC in the US, FCA in the UK, ASIC in Australia, CySEC in Cyprus, CIRO in Canada, MAS in Singapore, FSA in Japan, and SFC in Hong Kong. Client funds are held in segregated accounts at top-tier banks separate from company funds.

Broker FAQs

Is FOREX.com safe?

FOREX.com operates through entities regulated by the NFA and CFTC in the US, FCA in the UK, ASIC, CySEC, CIRO, MAS, FSA, and SFC. Its parent company, StoneX Group Inc., is publicly traded on NASDAQ. Client funds are held in segregated accounts at top-tier banks.

Is FOREX.com a scam?

No. FOREX.com is a long-established broker regulated by multiple top-tier authorities including the NFA, CFTC, and ASIC, and is owned by publicly listed StoneX Group Inc.

Is FOREX.com regulated and by whom?

Yes. FOREX.com entities hold licences from the NFA and CFTC (US), FCA (UK), ASIC (Australia), CySEC (Cyprus), CIRO (Canada), MAS (Singapore), FSA (Japan), and SFC (Hong Kong).

Does FOREX.com keep client funds in segregated accounts?

Yes. FOREX.com states that client funds are held in segregated accounts at top-tier financial institutions, separate from company operating funds.

What happens to my money if FOREX.com goes bankrupt?

Client funds are held in segregated bank accounts and should not form part of company assets in an insolvency. Protections vary by jurisdiction - UK clients under FCA-authorised entities may have access to the FSCS; other regions have different compensation arrangements.

What products does FOREX.com offer?

FOREX.com offers over 80 forex pairs, CFDs on indices, commodities, shares, and cryptocurrencies (where permitted), futures (via NinjaTrader for US clients), and spread betting (UK entity only). Real stocks and ETFs are not available.

Does FOREX.com offer spread betting?

Yes, but only through the UK entity. Spread betting on forex, indices, and commodities is available to eligible UK residents.

Does FOREX.com offer CFDs?

Yes. FOREX.com offers over 5,500 CFDs on forex, indices, commodities, shares, and crypto outside the US. US clients are limited to spot forex trading only.

Does FOREX.com offer crypto?

Crypto CFDs are available in some regions outside the US and UK (where they are restricted for retail clients). Availability depends on the regulatory entity serving the client's account.

What are FOREX.com's trading fees?

The Standard account uses spread-only pricing with no commissions; EUR/USD spreads are typically in the low-to-mid single-digit pip range. The RAW Pricing account offers spreads from 0.0 pips with a $7 commission per $100,000 traded.

What does FOREX.com charge for share CFDs?

Share CFD commissions are 1.8 cents per share for most US stocks, and 0.08% of the trade consideration for most UK, EU, and Asian stocks.

Is there a withdrawal fee at FOREX.com?

Card and standard bank transfer withdrawals are free. Wire withdrawals may incur a fee (from $25 for US clients; international fees vary by region). The minimum withdrawal amount is $100.

Does FOREX.com charge an inactivity fee?

Yes. A fee of $15 per month is charged after 12 consecutive months of no trading activity.

Does FOREX.com charge a deposit fee?

FOREX.com does not charge deposit fees. Third-party bank charges may apply on incoming wire transfers from external banks.

Does FOREX.com have a demo account?

Yes. FOREX.com offers a free demo account with up to $50,000 in virtual funds. Demo accounts on the proprietary platform expire after 90 days; MT4 demo accounts last 30 days unless there are open trades.

Does FOREX.com have a mobile app?

Yes. FOREX.com provides iOS and Android mobile apps that support the proprietary platform features including charting, order management, and market research.

Is FOREX.com good for beginners?

FOREX.com offers a free demo account, an extensive Trading Academy, and research tools. However, its focus on forex and CFDs involves leveraged trading with significant risk, and the inactivity fee and wire withdrawal charges add cost considerations for casual users.

Is FOREX.com good for long-term investing?

FOREX.com is primarily designed for active trading rather than long-term investing. It does not offer real stocks, ETFs, bonds, or investment accounts, making it less suitable for buy-and-hold investors.

Bottom line

FOREX.com suits users who want a well-regulated, multi-platform broker for active forex and CFD trading, with competitive raw pricing and access to a wide range of currency pairs and instruments. It may not suit users who want real stocks, ETFs, copy trading, low-cost wire withdrawals, or a long-term investment account.

FOREX.com

Forex and CFD traders

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Your capital is at risk. Other fees apply.