Forex.com
Published: Updated:
- Trust score
- 9/10
- Legal simplicity
- 2/10
- Min. deposit
- 100
- Trading platforms
- Payment systems
- Instruments
- Forex, Indices, Commodities, Metals, Energies, Stocks, Cryptocurrencies
- Legal entity
- GAIN Capital Group, LLC
- Jurisdiction
- United States
- Fees
- Standard accounts price the cost into the spread with no commission; RAW accounts quote raw spreads with a commission per lot. Direct Market Access pricing is available at higher volumes. Overnight financing applies, and an inactivity fee applies after a period without trading.
- Withdrawals
- Withdrawals go to the original funding method or a bank account in the client's name, normally processed within one business day and arriving according to the method's own timeline.
Features
- Seminars and trading education
- Low initial deposit
- Islamic accounts available
- Segregated client accounts
- Affiliate program
- Wide range of trading instruments
Pros
- No specific advantages are documented for this broker.
Cons
- No specific drawbacks are documented for this broker.
Forex.com, operated by GAIN Capital UK Limited and owned by NASDAQ-listed StoneX Group Inc., has offered online forex and CFD trading since 2001 across more than 140 countries. It holds licenses from regulators including the FCA, ASIC, CFTC/NFA, IIROC, FSA, and CIMA, and segregates client funds with compensation cover of up to £50,000 in the UK. Traders can choose between a proprietary platform, MetaTrader 4, and a DMA account, starting from a $100 minimum deposit.
Forex.com is a StoneX-owned broker regulated by the FCA, ASIC, CFTC/NFA, IIROC, FSA, and CIMA, offering MT4, DMA, and proprietary-platform accounts from a $100 minimum deposit.
Forex.com is an online forex and CFD broker operated by GAIN Capital UK Limited, a subsidiary of NASDAQ-listed StoneX Group Inc. (NASDAQ: SNEX). Founded in 2001, it serves clients in more than 140 countries across North America, Europe, and Asia-Pacific.
Regulation and fund safety
Forex.com holds licenses in multiple jurisdictions: the Financial Conduct Authority (FCA) in the UK, the Investment Industry Regulatory Organization of Canada (IIROC) in Canada, the Financial Services Agency (FSA) in Japan, the Australian Securities and Investments Commission (ASIC) in Australia, the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) in the US, and the Cayman Islands Monetary Authority (CIMA).
Client funds are held in segregated accounts at top-tier banks, separate from company assets. UK clients are covered by compensation of up to £50,000 in the event of insolvency.
Leverage by region
- US clients: up to 1:40 on forex
- European clients: up to 1:30
- Australian clients: up to 1:400
Account types
Forex.com offers three account types:
- Forex.com Account – trades on the broker's proprietary platform, covering forex, stocks, and cryptocurrencies.
- MetaTrader Account – runs on MT4 with tight spreads and no commission.
- DMA Account – an ECN-style account with ultra-low spreads and a fixed commission.
A $15 monthly inactivity fee applies after 12 months without trading activity.
Trading instruments
The instrument range covers more than 80 currency pairs, various cryptocurrencies, and around 220 stocks, commodities, and indices.
Trading platforms
Traders can use either the proprietary Forex.com platform or MetaTrader 4.
Minimum deposit
The standard minimum deposit is $100, though Forex.com recommends $2,500 for greater trading flexibility and risk management.
Trading conditions
FOREX.com is part of StoneX Group, a listed financial services firm, and holds registrations in most major regulated markets including the United States — which puts it on the short list of brokers US residents may legally use.
Account structure splits by pricing: Standard embeds the cost in the spread, RAW quotes raw spreads with commission, and Direct Market Access pricing opens at higher volume. Platform choice is broad by US-broker standards, covering MetaTrader, TradingView and NinjaTrader alongside the firm's own terminal.
US clients trade under CFTC and NFA rules: first-in-first-out order handling, no hedging on the same instrument, and 50:1 maximum leverage on major pairs. Those constraints are regulatory rather than commercial and apply at every US-registered broker.
Verification
US onboarding requires identity verification, a taxpayer identification number, employment and financial information and a suitability assessment. Approval is usually same-day.
A trader arriving from an offshore broker should read the FIFO and no-hedging rules before opening. A strategy that relies on holding opposing positions in the same instrument cannot be expressed on a US account and has to be restructured rather than ported.
