Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
||Regulated by FCA, NFA, ASIC, FSA, MAS, IIROC, and CIMA
||Forex, Spot Precious Metals, Global stock indices, China stock index, Commodity, and the US & Hong Kong CFDs
||MT4 Account/MT5 Account/Exclusive Account
||MT4, MT5, Exclusive trading platform
|Deposit & Withdrawal Method
||Bank wire, credit/debit cards
FOREX.com is the leading global retail online trading brand of Gain Capital, owned by NASDAQ-listed StoneX Group Inc. Founded in 1999. Here is the home page of this brokers official site:
This company has developed into a global leader in online trading and operates through its regulated subsidiaries in seven major financial jurisdictions around the world, including the Financial Conduct Authority (FCA), the American National Futures Association (NFA), the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Monetary Authority of Singapore (MAS), Investment Industry Regulatory Organization of Canada (IIROC) and Cayman Islands Monetary Authority (CIMA).
Note: The screenshot date is January 16, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
FOREX.com allow investors to trade a wide range of trading asset classes, including Forex, Spot Precious Metals, Global stock indices, China stock index, Commodity, and the US & Hong Kong CFDs. More details can be found in the below screenshot.
FOREX.com's account types include MT4 accounts, MT5 accounts, and this company's exclusive accounts. The minimum deposit to open an account is $100 or equivalent, and this broker advises depositing at least 2,500 units of traders' account currency.
The default leverage for MT4 and MT5 accounts with FOREX.com is 1:200, and you can also choose the leverage ratio of 1:50, 1:100 and 1:400. The default leverage for the company's exclusive accounts is 1:200, and the leverage of 1:400 is also available. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commission
There are no commissions for Forex tradings, and FOREX.com only charges spreads. The main spreads for Forex products are 1.5 pips for EUR/USD, 1.6 pips for GBP/USD, and 1.5 for AUD/USD, with spreads as low as 0.035 for gold and 0.35 for silver. The lowest spread for commodity futures (crude oil) is 0.04 pips, and the lowest spread for spot commodities is about 1.5 pips off the market price. The lowest spread for OTC stock indices trading is 1 pip, and the lowest spread for OTC stock trading is also 1 pip. SWAPs are calculated based on 10,000 positions and are denominated in U.S. dollars. SWAPs are executed at 5:00 p.m. EST and any positions held at that time are included in the SWAP calculation.
Trading Platform Available
FOREX.com offers investors the world's most advanced and popularly-used MT4 and MT5 platforms, as well as FOREX.com's exclusive trading platforms. The exclusive trading platform offers powerful tools for sophisticated traders who require sophisticated trading functionality and analytical tools, including powerful charting tools, a wide range of technical indicators, various charting tools, advanced analytical tools, and support for desktop, web, and mobile versions. FOREX.com's Metatrader platform is optimized to support all Expert Advisors (EA). Easily integrate traders' EAs into the company's platform and be free from third-party transitions or automatic synchronization.
Deposit & Withdrawal
FOREX.com welcomes deposits and withdrawals by the method of bank wire and credit/debit card. The minimum initial deposit requirement is $100. There are no fees for credit/debit card withdrawals, while wire transfers in USD may be subject to some bank charges. The company will process the withdrawal request within two business days and credit the client's receiving bank, depending on the bank's processing speed.
FOREX.coms customer support can be reached by email: email@example.com and firstname.lastname@example.org. You can also follow this broker on social networks such as Twitter, Facebook, YouTube and WeChat Service Account. Company address: 30 Independence Blvd, Suite 300 (3rd floor), Warren, NJ 07059, USA.
Pros & Cons
|• Multiple regulations
||• Copy and PAMM unavailable
|• Wide range of trading assets
|•Both MT4 and MT5 supported
Frequently Asked Questions (FAQs)
||Is FOREX.com regulated？
||Yes. FOREX.com is regulated by FCA, NFA, ASIC, FSA, MAS, IIROC, and CIMA.
||Does FOREX.com offer the industry-standard MT4 & MT5？
||Yes. FOREX.com supports MT4 and MT5.
||What is the minimum deposit for FOREX.com？
||The minimum initial deposit with FOREX.com is $100.
||Is FOREX.com a good broker for beginners？
||Yes. FOREX.com is a good choice for beginners because it is regulated well and has many years experience in the industry. Also, it offers a wide variety of trading instruments on the leading MT4 and MT5 accounts.