Leverage: 1:40 | 1:50
Min. Deposit: $100
Platforms: MT4, MT5, FOREX.com Platforms
Regulation: FCA, IIROC, ASIC, CFTC, CySEC, JFSA, MAS, CIMA
HQ: US
Found in: 1999
Forex.com Licenses:
- GAIN Capital Holdings Inc – authorized by CFTC (USA)
- GAIN Capital Holdings Inc – authorized by NFA (USA)
- GAIN Capital UK Ltd – authorized by FCA (UK) registration no. 113942
- GAIN Capital Canada Ltd – authorized by IIROC (Canada) registration (view the license)
- GAIN Capital Australia Pty Ltd – authorized by ASIC (Australia) registration no. ACN 141 774 727, AFSL 345646
- GAIN Capital Japan Ltd – authorized by JFSA (Japan)
- GAIN Capital Singapore Pte Ltd – authorized by MAS (Singapore)
- GAIN Global Markets Inc. – authorized by CIMA (Cayman Islands) registration no. 25033
- StoneX Europe Ltd – authorized by CySEC (Cyprus) registration no. HE409708
Our Review Method:
- 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, fees, and platforms, verified regulations, contacted customer service, and placed traders to see trading conditions and give expert opinions about FOREX.com.
What is Forex.com?
Interactive brokers is one of the world’s Biggest Trading brokers with sophisticated and powerful trading technology developed by the Broker, and is ranked as #1 for Professional Traders access to trade real Futures, Stocks, ETFs, Options, Forex and many more instruments.
FOREX.com is a multi-regulated global Forex and CFD trading provider offering a wide range of trading instruments to its clients including Forex, Indices, Shares, Stocks, Cryptocurrencies, and more.
- Founded in 1999, the company today supports customers in over 180 countries with a global presence across North America, Europe, and the Asia Pacific regions, providing offices, while headquartered in New Jersey (US), in Canada, the UK, Hong Kong, and Australia. The company is a part of GAIN Capital Holdings, Inc. which is a publicly-traded company providing online trading solutions. In its turn, all divisions of GAIN Capital Holdings. Inc. are separate but affiliated subsidiaries of StoneX Group Inc.
Throughout highly developed platforms, Forex.com has developed its own platform for trading, which now is one of the best options, as clients obtain access to the world’s most popular currencies and other trading instruments.
Overall, through the years of successful operation and its global spread, Gain Capital and one of its brands Forex.com obtained great results and world recognition, also through the powerful trading solutions that it offers and constantly develops.
Forex.com Pros and Cons
Forex.com is a sharply regulated and trustable broker with well-established parent company GAIN Capital listed in Stock. Account opening is smooth and fully digital, there is a great range of markets and instruments, good Cryptocurrency trading, and professional trading platforms with education and research.
For the Cons, trading fees for Forex CFDs might be slightly higher but on average, there is no 24/7 support and multi-currency accounts.
Advantages
Disadvantages
- Heavily regulated broker with a strong establishment
- Globally recognized and awarded
- Professional trading environment and investment in innovation
- Great range of trading instruments, and competitive trading conditions
- Suitable for both beginners and professionals
- Based on MetaTrader and proprietary technology
- No multi-currency accounts
- No 24/7 customer support
Forex.com Review Summary in 10 Points
| Headquarters | USA |
| Regulation | FCA, IIROC, ASIC, CFTC, CySEC, JFSA, MAS, CIMA |
| Platforms | MT4, MT5, FOREX.com Platforms |
| Instruments | Forex, Indices, Shares, Stocks, Cryptocurrencies, Commodities, and more |
| EUR/USD Spread | 1.3 pips |
| Demo Account | Available |
| Minimum Deposit | 100$ |
| Base Currencies | Various currencies |
| Education | Learning materials and technical analysis |
| Customer Support | 24/5 |
Overall Forex.com Ranking
Forex.com is considered a good broker with safe and favorable trading conditions with transparency. The broker offers a range of trading services designed for all level traders with average initial deposit amounts. As one of the good advantages, Forex.com is a globally recognized broker and covers almost the globe, so traders can sign in also with the lowest spreads.
- Forex.com Overall Ranking is 9.2 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
| Ranking | Forex.com | FxPro | AvaTrade |
|---|---|---|---|
| Our Ranking |  | | |
| Advantages | Trading Instruments | Deep Liquidity | Trading Conditions |
Forex.com Alternative Brokers
Forex.com offers good trading conditions, also competitive trading spreads and fees. However, there are a number of other brokers that offer similar services. Here are some of the best alternatives to Forex.com:
- AvaTrade – Good Instruments and CopyTrading
- Pepperstone – Low Spreads and Competitive Trading Conditions
- XM – Wide Range of Trading Opportunities
Awards
For financial firms and trading brokers, it is crucial to obtain and keep a good reputation, while Forex.com confirms its status not only through the thousands of accounts it operates but through industry recognitions as well.
For more than twenty years of presence and operation firm receive numerous reviews and global recognition, as a really impressive number of awards and nominations, like “Best Broker in the USA“, “Shares Awards”, “Investment Awards”, etc.
Is Forex.com Brokers Safe or Scam?
No, is not a scam in fact Interactive Brokers is highly and very heavily regulated by international regulatory bodies around the world, due to its global presence and adherence to delivering a truly safe trading environment.
