FOREX.com Review 2023 – Pros and Cons

UPDATED ON :

FOREX.com is an online foreign exchange broker that offers trading services to both retail and institutional clients. The company was founded in 2001 and is based in Bedminster, New Jersey.

FOREX.com provides traders with access to over 80 currency pairs, as well as commodities, indices, and shares. The company offers trading platforms such as MetaTrader 4 and its own proprietary platform, as well as educational resources, research tools, and a customer support team available 24/5.

FOREX.com is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the United Kingdom, the Commodity Futures Trading Commission (CFTC) in the United States, and the Australian Securities and Investments Commission (ASIC) in Australia. The company is also a member of the National Futures Association (NFA) in the United States.

Overall, FOREX.com is a well-established and reputable broker that provides traders with a range of tools and resources to help them succeed in the forex market.

FOREX.com

Brokers Name

FOREX.com

Regulation

FCA, CFTC, ASIC, NFA, IIROC, FMA, FSCA, DFSA, MAS, FSA, SEC

Established

2001

Headquarters

Bedminster, New Jersey

Trading Desk

ECN/DMA

USA Clients

no

24H Support

Yes

Weekend Support

no

Website Language

English

Account Details

Accounts

Standard Account, MT4 Account, STP Pro Account, Commission Account, Corporate Account

Min. Deposit

$100

Base Currencies

USD, EUR, GBP

Leverage

1:400

Spreads

1.0 pip

Fixed Spread

Yes

Margin Call / Stop Out

50% / 20%

Trading Platform

Mobile App, Web Trader, TradingView, MetaTrader 4, MetaTrader EAs

Trading Instruments

Forex, cryptocurrencies, indices, commodities, stocks

Pros

  • Well-established and over 20 years of experience
  • Regulated by several financial authorities
  • Offers a wide range of currency pairs
  • Multiple trading platforms, including MT4 and a proprietary platform
  • Offers educational resources and research tools
  • Provides 24/5 customer support

Cons

  • May have higher spreads and commissions
  • Limited availability of certain trading instruments, such as crypto
  • Order execution and slippage during high volatility periods
  • Limited availability for traders in certain countries, such as the United States

Trading Features

Commission

Yes

Mini Accounts

no

Standard Accounts

Yes

VIP Accounts

Yes

Pro Accounts

Yes

Islamic Accounts

Yes

Segregated

no

Managed Accounts

no

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

Yes

Trading Signals

no

Educational Service

Yes

Copy Trading

no

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Yes

Funding

Deposit

Bank Transfer, Debit Card, Wire Transfer

Withdrawal

Bank Transfer, Debit Card, Wire Transfer

Contacts

Phone

+1 908 731 0750

Email

support@forex.com

Address

30 Independence Blvd, Suite 300 (3rd floor), Warren, NJ 07059

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