FOREX.com Review 2026

FOREX.com is regulated across several jurisdictions. The listed regulators include CFTC/NFA, FCA, ASIC, CIRO, FSA, MAS, CySEC, CIMA, and SFC. The listed regulator jurisdictions are the United States, Australia, United Kingdom, Canada, Japan, Singapore, Cayman Islands, and Cyprus.

The broker is part of StoneX Group Inc., a publicly traded company listed on NASDAQ under SNEX.

FOREX.com segregates client funds from company funds. Retail client money is held in separate accounts with top-tier banks. The broker states that it does not use client funds for proprietary trading and performs daily client segregated funds calculations.

Negative balance protection is available for eligible retail clients in some regulated regions, especially in ESMA-regulated regions. It is not universal, and professional clients or clients in some jurisdictions can be responsible for losses beyond their account balance.

KYC verification is mandatory. A trader must verify identity and address before using full account features. This process helps meet anti-money-laundering rules and reduces account fraud risk.

Spreads

FOREX.com uses floating spreads. Floating spreads move with market liquidity, news events, and trading sessions. For beginners, the spread is the difference between the bid price and the ask price. This is one of the main trading costs. A lower spread helps short-term traders because they need less price movement to reach break-even.

The average spread on Gold, shown as XAU/USD, is 30 pips. The average spread on the S&P 500 CFD is 0.4 points.

Gold and index CFDs can move quickly during economic data releases and market opens. Traders should use stop-loss orders and control position size because leverage increases both profit and loss.

Commission

FOREX.com charges commission on RAW Spread forex trading and on share CFD trading. The RAW Spread account commission is $5 per $100,000 traded. Share CFD commission is typically 1.8 cents per share for U.S. stocks, with a $10 minimum, and 0.08% for many UK, EU, and Asian shares.

The Standard account is generally spread-based for forex trading, so there is no separate forex commission on standard forex trades.

Overnight Swap Fees

FOREX.com charges overnight swap fees, also called rollover or financing, when a position stays open after 5 PM ET. The fee can be charged or credited depending on the currency pair, trade direction, and interest rate difference.

A triple swap is applied on Wednesday to cover the weekend settlement. Intraday trades that are closed before the daily rollover do not pay overnight swap fees.

Currency Conversion Fee

A currency conversion fee applies when profits, losses, adjustments, or fees are converted back to the account base currency. The conversion charge can be up to 0.5% away from the quoted rate.

This fee matters when a trader uses a USD account to trade instruments priced in another currency, or when a non-USD account trades USD-based markets.

Inactivity Fee

FOREX.com charges a $15 monthly inactivity fee after 12 months with no trading activity. This fee applies to dormant accounts, so traders who stop trading should review their account balance and account status.

Deposit and Withdrawal Fees

FOREX.com does not charge a deposit fee or withdrawal fee. Banks, card providers, and payment processors can still apply their own charges.

Deposit Methods

FOREX.com supports deposits by Mastercard, Visa, Wire Transfer, Revolut, Wise, Skrill, and PayPal. The minimum deposit is $100.

Card and bank transfer deposits can take 1 to 2 business days. International wire deposits can take 2 to 5 business days.

Withdrawal Methods

FOREX.com supports withdrawals by Mastercard, Visa, Wire Transfer, Skrill, and PayPal. Withdrawals are normally returned to the original funding method where required by payment rules.

Card withdrawals can take up to 24 hours for the funded amount. Bank wire withdrawals can take up to 5 business days.

Funding Rules

The account holder's name must match the payment method name. Third-party deposits and withdrawals are not accepted. This rule is part of anti-money-laundering controls and protects account ownership.

Forex

Forex is the main market at FOREX.com. Traders can trade major, minor, and exotic currency pairs. The minimum lot size is 0.01 lot. Maximum leverage is 1:50 for U.S. clients on major currency pairs. UK, EU, and Australian retail clients are generally limited to 1:30 on major forex pairs. Minor pairs are commonly lower, around 1:20.

Indices

FOREX.com offers index CFDs, including markets such as the S&P 500 CFD. Index CFDs allow traders to speculate on the movement of a full stock index instead of one company. Leverage on indices is lower than major forex leverage in many regions, commonly around 1:20 for retail clients.

Commodities

Commodities include markets such as gold. Commodity leverage is generally lower than major forex leverage and can be around 1:10 for retail clients in several regulated regions. Gold reacts to U.S. dollar strength, interest rate expectations, inflation data, and risk sentiment.

Stocks

FOREX.com offers stock CFDs. Share CFD trading has a separate commission structure. U.S. stock CFDs are typically charged at 1.8 cents per share with a $10 minimum, while many UK, EU, and Asian shares are charged at 0.08% of consideration.

Share CFD trading is available on proprietary FOREX.com platforms and is not available on every platform. Traders should check platform access before choosing an account.

Cryptocurrencies

Cryptocurrency trading is available at FOREX.com in eligible regions. Crypto products are not available to all clients and are restricted by local rules.

Crypto markets can move sharply and can trade outside normal forex market hours. Beginners should use smaller position sizes and avoid high leverage on crypto CFDs.

Web Trader

FOREX.com offers its own Web Trader platform. It is browser-based and includes advanced charting, order management, Trading Central tools, market analysis, and integrated news. The platform is useful for traders who do not want to install desktop software.

Mobile App

FOREX.com has Android and iOS apps. The mobile app supports account monitoring, chart analysis, trade execution, alerts, and position management. It is practical for checking open trades and managing risk away from a desktop screen.

MetaTrader 4

MetaTrader 4 is available for traders who want Expert Advisors, custom indicators, automated trading, and signal services. MT4 remains popular with forex traders because many third-party tools and trading systems are built for it.

MetaTrader 5

MetaTrader 5 is available and supports a wider set of markets and order tools than MT4. It is useful for traders who want a more modern MetaTrader platform with automated strategy support.

TradingView

FOREX.com integrates with TradingView. This gives traders access to TradingView charts, community trade ideas, drawing tools, and watchlists. TradingView is useful for traders who prefer visual chart analysis and multi-market monitoring.

API Trading

FOREX.com offers REST API access for algorithmic trading. The API supports real-time streaming prices, order placement, order cancellation, position management, balances, margins, and historical data.

API access requires a Standard or commission-based account, and traders need to contact customer support to request access. The API can be used with programming languages such as Python, C++, and Java.

Copy Trading and Social Trading

Copy trading is supported mainly through MetaTrader signals. Traders can follow signal providers and copy trades automatically. FOREX.com also connects with TradingView, where traders can follow market ideas from a wider trading community.

Social trading tools include SMART Signals, which monitor 23 FX pairs, indices, and gold. These tools do not remove trading risk. They should be used with stop-loss orders and a sensible position size.

VPS Hosting

FOREX.com offers Expert Advisor VPS hosting for MT4 and MT5 users. The VPS is designed for automated strategies that need to run 24/7.

Free VPS access requires a minimum account balance of $5,000 and at least 10 round-trip mini lots, or the equivalent, per calendar month. Eligibility is reviewed at the end of each calendar month. The VPS provider is Liquidity Connect.

Account Opening Process

The account opening process is online. A new client enters personal details, selects an account type, answers trading experience questions, and completes identity checks. FOREX.com requires Know Your Customer verification before funding the account, trading, or withdrawing.

Required documents normally include a government-issued photo ID, such as a passport or driver's license, and proof of address, such as a utility bill or bank statement dated within the last 6 months. U.S. clients also provide a Social Security Number or Tax Identification Number. Verification is usually completed within 1 to 2 business days.

Standard Account

The Standard account is the main spread-only account at FOREX.com. It is built for traders who want simple pricing without a separate forex commission on standard forex trades. Costs are included in the spread. The average spread is 0.8 pips on EUR/USD and 1.8 pips on GBP/USD.

This account works well for beginners who want a simpler cost structure, but it still gives access to advanced charts, market analysis, and risk tools. The minimum deposit is $100.

RAW Spread Account

The RAW Spread account is built for active traders who want lower spreads and accept a separate commission. Major currency spreads can start from 0.0 pips, and the commission is $5 per $100,000 traded. This pricing model is easier to compare for high-volume traders because the spread and commission are separate.

For beginners, the RAW Spread account needs extra attention because the total trading cost includes both the spread and the commission. A trader should calculate the full cost before opening short-term trades.

MetaTrader Account

The MetaTrader account gives access to MetaTrader 4 and MetaTrader 5. This account type is useful for traders who want Expert Advisors, custom indicators, automated strategies, and MetaTrader signals.

Copy trading is available mainly through MetaTrader signals. Traders can browse signal providers and copy strategies inside the MetaTrader environment. Risk settings can be adjusted, and copy trading can be turned on or off by the account holder.

FOREX.com offers customer support 24/5 through live chat, email, and phone. The support email is [email protected], and the phone number is +1 877 367 3946.

Supported languages include English and Spanish. The expected response times are practical for an active broker: live chat around 1 minute, phone around 1 to 3 minutes, and email around 4 to 12 hours.

FOREX.com provides market research through news, an economic calendar, Trading Central, sentiment tools, analytics, and pivot points. The proprietary platforms also include Reuters news and performance analytics.

The research section is useful for traders who follow economic data, central bank meetings, technical levels, and market sentiment. Beginners can use the calendar to see when volatility can increase, especially around U.S. inflation data, Federal Reserve decisions, nonfarm payrolls, and major GDP releases.

FOREX.com offers educational resources such as courses, webinars, tutorials, and articles. These materials cover basic forex terms, platform use, technical analysis, risk management, and trading strategy ideas.

For beginners, the most useful topics are spread, leverage, margin, stop-loss orders, lot size, and rollover. Understanding these terms before trading live helps reduce basic mistakes.

Deposit Bonus

FOREX.com offers a deposit bonus of 20% of total deposits for eligible new clients. The bonus applies to deposits made within the first 14 days of opening an account. The maximum bonus is $5,000, and the minimum qualifying deposit is $250.

The bonus is released after the client places the required number of qualifying trades within 60 days of the first deposit. Eligibility excludes some jurisdictions, including the U.S., the UK, and Canada.

Welcome Bonus

The welcome bonus can reach up to $5,000 for eligible new clients. It is linked to account funding and qualifying trading volume. Clients must opt in and meet the promotion rules before the bonus is paid or released.

No-Deposit Bonus

FOREX.com does not offer a no-deposit bonus. The available promotions focus on funded accounts, deposit-based offers, switching incentives, rebates, and referral rewards.

Switch and Claim

The Switch and Claim promotion allows new clients who move from another broker to claim back 10% of deposits made within two weeks, up to $10,000. This promotion has terms and conditions and is limited by eligibility rules.

Affiliate Program

FOREX.com offers partnership options, including affiliate and Introducing Broker programs. Partners receive access to a partner portal, tracking tools, and marketing materials. Compensation is linked to referred clients and their trading activity.

Loyalty Program

FOREX.com offers an Active Trader program for high-volume traders. Benefits include monthly cash rebates of up to $5 per million traded, lower trading costs, and dedicated support.

Premium benefits generally require a minimum initial deposit of $10,000 or significant monthly volume, such as $50 million. High-value clients can receive a dedicated relationship manager, event access, and waived bank fees.

Trading Contests

FOREX.com does not focus on public leaderboard-style trading contests. Its promotions are centered on funding rewards, switching offers, rebates, and partner programs.

FOREX.com is a well-regulated broker with strong platform choice, useful research, and clear access to forex and CFD markets. It is a good match for traders who want a regulated broker with Web Trader, mobile apps, MT4, MT5, TradingView, API access, and VPS hosting.

The $100 minimum deposit makes the broker accessible, but the broker is more suitable for traders who already understand spreads, leverage, margin, swaps, and order execution. Beginners can use the demo account and education section first, then move to a live account with small position sizes.

The main limits are jurisdiction-based leverage rules, the $15 inactivity fee after 12 months, commissions on RAW Spread and share CFD trading, and promotion restrictions. Overall, FOREX.com is a practical broker for active forex traders who value regulation, platform depth, and research tools over very simple trading apps.