Abstract：An in-depth review of FOREX.com covering its trading platforms, competitive pricing, and regulatory standing. Our analysis provides a balanced look at its pros and cons.
What Is a FOREX.com Review?
Our team has conducted a comprehensive review of FOREX.com to provide you with an objective, expert-level analysis. This evaluation will go beyond marketing claims to deliver a clear understanding of the broker's core offerings. We dissect the company's regulatory strength, its diverse range of trading instruments, the functionality of its trading platforms, and the transparency of its pricing. By the end of this review, you will have the necessary information to determine if FOREX.com aligns with your specific trading requirements and risk tolerance. We believe a well-informed decision is the most critical component of a successful trading journey.
What Is FOREX.com? Our Expert Broker Analysis
Based on our assessment, FOREX.com is a well-established online broker that has been active since 2001. It operates as a wholly-owned subsidiary of StoneX Group Inc. (NASDAQ: SNEX), a publicly traded company. This parentage provides a layer of institutional backing and financial transparency that we find to be a significant advantage. The broker focuses on providing access to a wide array of global markets and caters to various trading styles through its platform and pricing options.
Regulatory Oversight and Trust
When evaluating a broker, regulatory status is our top priority. Our investigation confirms that FOREX.com is a multi-regulated entity, which enhances its trustworthiness and security. The broker holds licenses from several leading global authorities, each with distinct functions:
- ASIC (Australia): Regulated as a Market Maker.
- FCA (United Kingdom): Regulated as a Market Maker.
- FSA (Japan): Holds a Retail Forex License.
- NFA (United States): Regulated as a Market Maker.
- CYSEC (Cyprus): Regulated as a Market Maker.
- CIRO (Canada): Regulated as a Market Maker.
- MAS (Singapore): Holds a Retail Forex License.
This extensive regulatory framework means client funds are typically held in segregated accounts, which is a key measure for investor protection.
Trading Instruments
FOREX.com offers a robust selection of trading instruments that go beyond standard currency pairs. The available markets include:
- Forex: A full range of major, minor, and exotic currency pairs.
- Indices: Access to key global indices such as the UK 100 and Germany 40.
- Stocks: Over 5,500 global shares and extended trading hours on top US shares.
- Cryptos: Trade leading cryptocurrencies without the need for a third-party wallet.
- Commodities: A variety of commodities including gold and oil.
Trading Platforms
The broker provides multiple high-performance platforms, giving traders a choice based on their preferences. We find this flexibility to be a strong positive.
- Mobile App: Features include quick-trading functionality, TradingView charts, and an exclusive Performance Analytics tool.
- Web Trading: Offers a comprehensive web-based experience with access to TradingView charts (with over 80 indicators), integrated Reuters news feeds, and behavioral science technology.
- Enhanced MT5: An improved version of the popular platform, it comes equipped with exclusive tools like the FX Blue suite (over 20 apps and expert advisors) and integrated Reuters news, a feature not typically found on most MT5 platforms.
- TradingView Integration: Traders can connect their FOREX.com account directly to the TradingView platform to utilize its charting tools and trading community features.
Pricing and Costs
FOREX.com offers a tiered pricing model designed to suit different trading volumes. The RAW Spread Account is their most competitive option, with spreads on major FX pairs starting as low as 0.0 pips. This low spread model operates on a commission basis of $5 USD per $100k USD traded. For those with a different trading style, the indicative spreads on the platform vary, with EUR/USD at 3.0 pips and GBP/USD at 5.0 pips at the time of our review, which highlights the importance of choosing the right account type based on your strategy.
Exploring the Strengths and Weaknesses of FOREX.com
Our expert analysis reveals distinct advantages and a few notable limitations that traders should consider. A balanced view is essential for making an informed decision about a broker.
FAQs About FOREX.com Login
How do I log in to my FOREX.com account?
To access your trading account, you can use the “Log In” button located on the top right corner of the FOREX.com website. You will be prompted to enter your unique username and password. We advise using a secure and private network to prevent unauthorized access.
What should I do if I forget my FOREX.com login details?
If you forget your password, you should use the “Forgot Password” link on the login page. The platform will guide you through the process of resetting your credentials, typically by sending a recovery link to the email address associated with your account.
Is my FOREX.com account login secure?
Our review of the platform's features and its backing by a reputable parent company suggests a strong commitment to security. We recommend that you create a strong, unique password and enable any multi-factor authentication options that the platform may offer to further secure your account.
User Feedback
“I've been trading with FOREX.com for over a year, and the experience has been solid. The access to an enhanced MT5 with integrated Reuters news is a huge plus for my daily trading routine. My trading volume is high enough to qualify for the Active Trader program, and the cash rebates are a great bonus that adds to my bottom line.”
“The range of markets on FOREX.com is impressive, and I like that I can trade from my web browser without downloading anything. The platform is responsive and has good charts. However, I am still looking for more information on their minimum deposit and withdrawal times, which isn't easy to find on the website.”
“I was drawn in by the low 0.0-pip spreads, but it's important to understand that's only for a specific account type and comes with a commission. I feel the advertised spreads can be a bit misleading for a new trader who might not read the fine print. I also found the customer support to be slow at times.”
Disclaimer
Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. We recommend that traders carefully consider these factors and their own financial situation before deciding whether to trade with FOREX.com.
