Forex.com

by

Forex.com 2024 Broker Review

Written by:

ForexBrokerTalk

Fact checked by:

ForexBrokerTalk

Recommended for

  • Forex traders from the USA

Trust Level: Very High

  • Founded in 2001
  • Regulated by NFA (US), CFTC (US), FCA (UK), ASIC (Australia), CIMA (Cayman Islands), FSA (Japan)

Popularity

241 people visited this broker using ForexBrokerTalk within the last 6 months

Introduction To Forex.com

Among one of the only forex brokers regulated in the United States, Forex.com is another veteran in the forex industry. Founded in 2001 and headquartered in New Jersey Forex.com regulated by multiple top tier jurisdictions around the world, including: NFA (US), CFTC (US), FCA (UK), ASIC (Australia), CIMA (Cayman Islands), FSA (Japan). Due to their vast licenses and years in business we would consider this broker highly trustable.

Forex.com is a market maker, which we know is not every traders cup of tea. The tradable assets include; forex, indices, commodities, and energy. We do find that their selection of CFDs are a little limited compared to other brokers. Finally, forex.com offers MetaTrader 4 and NinjaTrader.

Forex.com is a broker we would recommend for traders from the USA – but outside of that not so much.

$250

Minimum Deposit

Built into spread

FX Commission
(per lot)

Yes

Free Demo Account

$15

Inactivity fee

Pros

Highly Trustable Broker

Regulated in the USA

Cons

Limited Leverage (1:200)

No hedging allowed for US traders

Inactivity Fee

Video Review

Coming soon!

Forex.com Quick Facts

Country Headquarters

United States

Instruments Offered

Forex, Metal, Stock Indices,

Base Account Currency

USD, GBP, EUR, CHF, JPY, NZD

Minimum Deposit

$250

Withdrawal Fee

$0

Account Verification Time

1 day

Deposit Options

Wire Transfer, Card, Check, and ACH

Accepts crypto deposit

No

Trading Platforms

MetaTrader 4 and NinjaTrader

Demo Accounts

Yes

VPS Offered

Yes

Subscribe To Our FREE newsletter

Stay up to date with the latest in the forex world – broker reviews, news, and exclusive offers.

This field is for validation purposes and should be left unchanged.

Account Opening 4.7 / 5

Forex.com offers a fully online account opening process. ID documents are required to sign up for an account.

Check it

Commissions & Fees 4.3 / 5

Forex.com charges reasonable commissions for trading, however they do charge a $15 inactivity fee. The inactivity fee is charged per month, after there has not been any trading activity on the account for over 12 months.

Check it

Deposit and withdrawal 4.8 / 5

We found that Forex.com has a limited selection of deposit options;

  • Bank transfer
  • Card
  • Check
  • ACH
Check it

Trading Platforms 4.3 / 5

Only MetaTrader 4 and NinjaTrader are offered. While it is great to see forex.com offer NinjaTrader it would be great to see them offer MT5 or cTrader as well.

Check it

Customer Support 4.0 / 5

Support is offered 24/7 in the following languages: English, Spanish, German, Japanese, Chinese, Polish

Check it

Other 3.9 / 5

Some other cool features that ICMarkets offers:

  • Free demo accounts (no live account required)
  • Education videos
  • Market analysis and research
  • Free VPS available
  • Trading ideas and news flow
Check it

About ForexBrokerTalk

ForexBrokerTalk is a free service which helps both new and experienced traders find the best forex broker for their needs. As an impartial party we have reviewed more than 50 different forex brokers, with new brokers being added everyday. Additionally we offer a free newsletter to keep traders up to date on the latest in forex broker news, promotions, and more! Have any questions? Click here to contact us and we’ll be happy to help.

4.7 / 5

ForexBrokerTalk Final Score

Table of Contents