Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

FOREX.com

United States|15-20 years| Benchmark AAA|
Market Making(MM)|MT4 Full License|Global Business|High potential risk|

https://www.forex.com/en/

Website

Rating Index

Benchmark

Benchmark

AAA

Average transaction speed (ms)

415 Good

MT4/5

Full License

Forex.com-Live 125

United States
MT4
42

Capital Ratio

Great

Capital

$ 5,310,078 (USD)

Influence

AAA

Influence index NO.1

United States 9.72
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:AA

Slippage:AA

Cost:C

Disconnected:AAA

Rollover:AAA

MT4/5 Identification

MT4/5 Identification

Full License

42
Server Name
Forex.com-Live 125 MT4
Server Location United States

Capital Ratio

Capital Ratio

Great

Capital

$ 5,310,078 (USD)
Ranking in Japan: 25 /412
593.6%
很安全

Influence

Influence

AAA

Influence index NO.1

United States 9.72

Surpassed 50.75% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 877.367.3946
support@forex.com
https://www.forex.com/en/
30 Independence Blvd, Suite 300 (3rd floor), Warren, NJ 07059, USA

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

StoneX Financial
Sanne Group Japan

Contact number

English

+1 877.367.3946

English

+1 908.731.0750

Other ways of contact

Broker Information

More

Company Name

GAIN Global Markets, Inc.

Abbreviation

FOREX.com

Platform registered country and region

United States

Number of employees

Company website
Twitter
Facebook
YouTube

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2024-07-24
  • The number of the complaints received by WikiFX have reached 38 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

FOREX.com · WikiFX Survey
Good Onsite visit to forex broker FOREX.com in New Jersey - business venue does exist
United States
FOREX.com · Benchmark
Average transaction speed(ms)
415 Good
The highest transaction speed(ms)
116 Good
The highest speed of opening positions(ms)
116 Great
The highest speed of closing position(ms)
134 Good
The lowest speed of opening positions(ms)
1516 Good
The lowest speed of closing position(ms)
1797
14.64USD/Lot Good
48.19USD/Lot
Long: -1.24USD/Lot    Short: 0.62USD/Lot Perfect
Long: -7.84USD/Lot    Short: 5.57USD/Lot Perfect
Average slippage
-0.1 Great
Maximum transaction slippage
28 Poor
Maximum positive slippage
-1 Good
Maximum negative slippage
28 Poor
Average disconnection frequency (times/day)
0.1 Perfect
Average reconnection time (millisecond/per request)
24
Ranking: 1 / 133
Test user 574
Orders 2,837
Ocuppied margin $1,302,484 USD
Data Source WikiFX Data provide
Updated: 2024-07-22 01:00:00

Risk Management

Updated Time 2024-06

Average margin deposit rate

Average margin deposit rate(%)

Proportion of unsold orders

Ratio of unsold orders(%)

Hedging Trading

  • Date
  • Institution
  • Percentage
  • Rating
  • 2023-10-31
  • 100.00%

  • --

Users who viewed FOREX.com also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

KCM Trade

7.75
Score
5-10 yearsStraight Through Processing(STP)MT4 Full License
Official website

FXCM

9.45
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

GO MARKETS

8.98
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Total Margin Trend

  • VPS Region
  • User
  • Products
  • Closing time
  • Shanghai
  • 402***
  • XAUUSD
  • 07-12 19:30:01
  • Dubai
  • 706***
  • XAUUSD
  • 07-11 18:50:54
  • Tokyo
  • 482***
  • XAUUSD
  • 07-12 02:29:16

Stop Out

0.76%

Stop Out Symbol Distribution

6 months

Sources
Language
Mkt. Analysis
Creatives

FOREX.com · Company Summary

Let's start here:

Forex.com is a major player in forex trading, providing various options including currencies, commodities, indices, and cryptocurrencies. Their platforms, like the popular MetaTrader 4 and MetaTrader 5, are available worldwide to meet different trader preferences. Backed by robust regulation and a strong focus on security, Forex.com is a favored choice for professionals looking for an all-encompassing trading experience. Now, let's delve deeper to verify if Forex.com lives up to its reputation.

Quick Forex.com Review
Founded 2001
Registered USA
Regulated ASIC (Australia), FCA (UK), FSA (Japan), NFA(USA), CIRO (Canada), MAS (Singapore)
Market Instruments currency pairs, precious metals, energies, indices, bonds, cryptocurrencies and equities
Max. Leverage 1:30/1:200
EUR/USD Spread Not mentioned
Trading Platforms MT4, MT5, Forex.com Advanced trading platform, Web trading platform, mobike trading app
Minimum Deposit $100
Customer Service Phone, email, WeChat
Bonus up to$5,000 for New account opening

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

What is Forex.com?

Forex.com is one of the most respected and trusted forex brokers in the foreign exchange trading industry. Founded in 2001, Forex.com is a global company licensed and regulated by several reputable regulatory authorities, including ASIC in Australia, FCA in UK, FSA in Japan, NFA in USA, CIRO in Canada, and MAS in Singapore.

Pros & Cons

Pros Cons
Well-regulated Less user-friendly for novice traders
Wide variety of investment products An inactivity fee applied after 12 months of no account activity
Advanced trading tools High stock trading fees
Low forex fees, no fx commissions
Multiple trading platforms available
Decent customer service
Negtive balance protection

Is Forex.com Legit?

Yes, Forex.com operates legally. Forex.com, a globally recognized broker, is part of an international holding company regulated by reputable authorities worldwide, including ASIC (Australia), FCA (UK), FSA (Japan), NFA(USA), CIRO (Canada), and MAS (Singapore).

Regulated Country Regulated Authority Regulated Entity License Type License Number
ASIC STONEX FINANCIAL PTY LTD Market Making(MM) 345646
FCA Gain Capital UK Limited Market Making(MM) 113942
FSA GAIN Capital Japan Co., Ltd Retail Forex License 関東財務局長(金商)第291号
NFA GAIN CAPITAL GROUP LLC Market Making(MM) 0339826
CIRO GAIN Capital - FOREX.com Canada Ltd. Market Making(MM) Unreleased
MAS STONEX FINANCIAL PTE. LTD. Retail Forex License Unreleased

Forex.com's Australian entity, STONEX FINANCIAL PTY LTD, regulated by the ASIC in Asutralia under regulatory number 345646, holding a license for Market Making(MM).

Regulated by ASIC

Forex.com's UK entity, Gain Capital UK Limited, regulated by tier-one regulatory FCA under regulatory number 113942, holding a license for Market Making(MM).

Regulated by FCA

The entity based in Japan, GAIN Capital Japan Co., Ltd, regulated by FSA under regulatory number 関東財務局長(金商)第291号, holding a license for Retail Forex License.

Regulated by FSA

GAIN CAPITAL GROUP LLC, the US entity, regulated by the NFA under regulatory number0339826, holding a license for Market Making(MM).

Regulated by NFA

Candian entity, GAIN Capital - FOREX.com Canada Ltd., is regulated by the IIROC, holding a license for Market Making (MM), with license unreleased.

Regulated by CIRO

STONEX FINANCIAL PTE. LTD., the entity in Singapore, regulated by the MAS in Singapore, holding a license for retail forex.

Regulated by MAS

Additionally, Forex.com offers negative balance protection on all of its trading accounts. This means that clients cannot lose more money than they have in their account, providing an additional layer of security and peace of mind in trading. In the event that an extreme market situation occurs and a position moves against the client, Forex.com will automatically close the position before the account balance falls below zero. This protection helps limit risk for clients and is an important feature to consider when choosing a forex broker.

Market Instruments

Forex.com offers a wide variety of trading instruments, including currency pairs, precious metals, indices, futures and options, stocks. Traders have a wide range of options to choose from and can find opportunities in a variety of markets.

Market Instruments

Minimum Deposit

The minimum deposit amount required to register a Forex.com Standard live trading account is $100, which is quite friendly to most investors.

Here is the table showing the comparison of Forex.com minimum deposit with other brokers:

Broker Minimum Deposit
label
$100
label
$10
label
$5
label
$200

Accounts

Forex.com offers its clients two types of trading accounts: the standard account and the MT5 account. The standard account is ideal for traders looking for a wide range of advanced charting tools with more than 80 technical indicators and a wide selection of markets to trade with competitive spreads starting from 0.8 pips on the EUR/USD currency pair. In addition, this account does not charge commissions on over 300 markets.

On the other hand, the MT5 account is ideal for traders looking for up-to-date tools and analysis, multi-asset class trading, expert advisors and custom indicators. Both accounts offer access to Forex.com's award-winning, technologically advanced and easy-to-use trading platform. In addition, clients can switch between the two accounts at any time to suit their trading needs.

Account Types

Forex.com also provides beginners with demo accounts, allowing them to practice in a real trading setting without any financial risks. Demo accounts come with $50,000 in virtual funds and are active for 30 days from the time of registration. Please be aware that once this period ends, you won't be able to access the demo account with the same login details. Notably, each email address can only be used to open one demo account for each type, whether it's on FOREX.com platforms or MetaTrader.

With Forex.com demo accounts, you can enjoy the following features:

  • $50,000 virtual funds

  • Demo accounts active for 30 days

  • Access to 80+ tradable FX pairs, plus gold and silver

  • Using customizable charts

Here is the simple demo account sign-up process for you to follow:

Step 1: click the “Free Demo Account” button on the “Account” Navigation section.

Click the Free Demo Account button

Step 2: Fill in your full name, email and phone number in the form, and then click ” I'm not a robot for verification.

fill in required info

Step 3: After a simple registration, you can use the demo account and start trading.

Spreads & Commissions

Forex.com offers competitive spreads and low commissions on a wide range of trading instruments. Spreads for the EUR/USD currency pair start from as low as 0.018 pips, which is very low compared to other brokers. In addition, spreads for the Germany 40 and UK 100 indices start from 1 pip, and commissions for trading stocks start from 0.1%. Traders can also trade spot oil with spreads starting from 0 pips, which can be very attractive for those interested in commodity trading. In addition, the average trade execution speed on Forex.com is 0.04 seconds, which means that traders can expect fast execution of their trades. Finally, spreads for gold start as low as 0.15 cents, which can be very attractive for traders looking to trade the precious metals markets.

Spreads & Commissions

Trading Platforms

FOREX.com offers a variety of trading platforms designed to cater to the diverse needs of its traders, from beginners to experienced market participants.

MetaTrader 4 (MT4): Widely recognized as the industry standard for forex trading, MT4 is favored for its advanced charting capabilities, automated trading features through Expert Advisors (EAs), and extensive back-testing environment. FOREX.com enhances MT4 with additional tools and research to optimize trading.

MetaTrader 5 (MT5): As the successor to MT4, MT5 offers all the admired features of MT4 but with additional capabilities such as more timeframes, more technical indicators, advanced charting tools, and supports trading in stocks, commodities, and futures markets along with forex.

FOREX.com Advanced Trading Platform: This is FOREX.coms own proprietary platform built for advanced traders. It features sophisticated charting tools, integrated fund management options, and robust analysis tools. The platform is known for its superior execution speeds and comprehensive price analysis.

Web Trading Platform: Accessible directly from a web browser without the need to download or install any software, this platform is built on HTML5 and offers a rich set of features including powerful charts, a suite of trading tools, and integrated trading strategies.

Mobile Trading Apps: FOREX.com provides mobile applications compatible with Android and iOS devices, allowing traders to manage their accounts on the go. These apps offer full trading capabilities, complex order types, and interactive charts.

Deposit & Withdrawal

Forex.com offers several payment methods for depositing and withdrawing funds, such as credit card (Visa, Mastercard, Maestro), wire transfer, Skrill and Neteller. Deposits are processed within 24 hours, which means traders can start trading quickly. Withdrawals are also fast, usually taking 1-2 business days to process. It is important to note that Forex.com does not charge any additional fees for deposits or withdrawals, but payment service providers may impose their own fees.

Deposit & Withdrawal

Education

Forex.com offers a wide variety of tools and resources to help traders make informed decisions, including technical analysis, economic calendars, real-time news, free webinars and seminars, and a free demo account to practice and improve trading skills.

Conclusion

In summary, Forex.com is a well-regulated and respected broker with a wide variety of trading instruments and easy-to-use trading platforms. With its solid reputation in the industry and its focus on security and protection of client funds, Forex.com is an attractive option for traders looking for a reliable and secure broker.

Frequently Asked Questions (FAQs)

Does Forex.com offer a demo account for practice?

Yes.

What is the minimum deposit to open an account at Forex.com?

100 dollars.

Does Forex.com charge commissions for trades?

Forex.com charges commissions for some trades, such as stock trading. However, it does not charge commissions in most markets. Instead, Forex.com earns profits through the spread between the bid and ask prices of assets.

Does Forex.com have any kind of training or education program for traders?

Yes, Forex.com offers a wide variety of educational resources for traders of all levels, including live webinars, seminars, trading guides, articles and educational videos.

What payment methods does Forex.com accept?

Forex.com accepts various payment methods, including credit and debit cards, bank transfers, as well as electronic payment systems such as Skrill and Neteller.

News

FOREX.com Japan Confirms Connection Issues for Traders

NewsFOREX.com Japan Confirms Connection Issues for Traders

2024-07-19 18:01

FOREX.com Japan, the Japanese retail FX subsidiary of StoneX Group, has confirmed that some of its clients are experiencing issues connecting to their trading accounts. The broker has acknowledged the problem and is actively investigating the cause.

WikiFX
2024-07-19 18:01
News
FOREX.com Japan Confirms Connection Issues for Traders
Celebrate Lunar New Year with these Amazing offers

NewsCelebrate Lunar New Year with these Amazing offers

2024-02-05 19:53

The Chinese New Year is around the corner. Brokers are offering attractive offers to customers and adding joy to their new year. If you are looking for some fantastic offers, you have come to the right place. Check out the offers below.

WikiFX
2024-02-05 19:53
News
Celebrate Lunar New Year with these Amazing offers
WikiFX September Exposure: Brokers With Reported Complaints

ExposureWikiFX September Exposure: Brokers With Reported Complaints

2023-10-16 12:23

September's WikiFX report exposes questionable activities of online forex brokers, highlighting the importance of thorough research before investing. Learn about brokers receiving negative feedback and tips to ensure a safe trading experience. Stay informed and protect your investments.

WikiFX
2023-10-16 12:23
Exposure
WikiFX September Exposure: Brokers With Reported Complaints
How To Spot Forex Scammers: Usual Traits During Profit Withdrawal

NewsHow To Spot Forex Scammers: Usual Traits During Profit Withdrawal

2023-09-11 12:47

Learn to spot Forex scammers during profit withdrawals. Protect your investments with insights and tips. Trust WikiFX App for safer trading.

WikiFX
2023-09-11 12:47
News
How To Spot Forex Scammers: Usual Traits During Profit Withdrawal

Review 140

140 Comments
Write a comment
All(140) Latest Positive(63) Neutral(16) Exposure(61)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong China

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com