A TopBrokers360 FOREX.com Review for 2024
Established in 2001 and headquartered in the United States, FOREX.com has rapidly ascended as a paramount global forex and CFD broker, underpinned by its extensive regulatory compliance with key global authorities such as the CFTC in the U.S. and the FCA in the U.K. This platform prides itself on offering a vast array of CFD assets, including forex, commodities, indices, and cryptocurrencies, all while maintaining competitive fees and a commitment to transparency. Catering to a diverse clientele, FOREX.com underscores its dedication to trader education and security, thereby affirming its status as a reliable partner in financial trading.
Since its inception, FOREX.com has been dedicated to expanding its reach and offerings to cater to a global audience, focusing on innovation and customer service. This dedication is evident in its broad selection of trading platforms, including the popular MetaTrader 5 and its own proprietary platforms, designed to meet the varied needs of traders. With a commitment to providing educational resources and tools, FOREX.com aims to empower traders at all levels of expertise to navigate the markets more effectively and make informed trading decisions.
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Pros and Cons
Pros:
- Extensive Market Access
- Advanced Trading Features
- Robust Regulation
- Low Spreads and Clear Fees
- Extensive Education and Support
Cons:
- MT4 Product Limitations
- US Balance Risk
Trading Platforms at FOREX.com
FOREX.com sets the industry standard with its intuitive, secure mobile and web platforms, delivering super-fast execution. The platforms have been recognized with over 30 awards, highlighting their excellence in providing a competitive edge for traders globally.
Mobile Trading
FOREX.com’s mobile platform revolutionizes trading with its one-swipe execution, making transactions swift and efficient. It also allows traders to customize watchlists and utilize over 80 technical indicators alongside integrated news features, ensuring a comprehensive trading experience on the go.
Web Trader
Web Trader, on the other hand, enables trading directly from charts, employs smart trade tickets for informed decisions, and offers access to advanced TradingView Charts and Trading Central analytics for deeper market insights.
MetaTrader 5
With FOREX.com, MetaTrader 5 enriches trading with exclusive tools like integrated Reuters news, Expert Advisors for automated strategies, and dynamic charting capabilities, catering to both novice and experienced traders seeking advanced functionality.
These platforms are designed to offer a seamless trading experience, whether at home or on the go, ensuring traders have access to the tools they need for successful trading.
Image source: FOREX.com Trading Platforms
➟ Click here to compare the different FOREX.com trading platforms.
- Quick and efficient order execution on mobile.
- Tailor market watch to personal preferences.
- Over 80 tools for comprehensive analysis.
- Execute trades directly from Web Trader charts.
- Simplify trading decisions with insightful information.
- Enhance strategies with advanced charting and analysis.
- Stay updated with MetaTrader 5’s integrated news.
- Automate trading with MetaTrader 5 for efficiency.
- Access diverse analytical tools for better decision-making.
- Keep informed with the latest market updates directly on platforms.
A Global Trading Playground With Diverse Financial Instruments
FOREX.com offers a diverse range of CFD instruments that cater to various trading interests and strategies. Traders can explore opportunities in forex, indices, shares, commodities, precious metals like gold and silver, and cryptocurrencies. This selection provides a rich field for both short and long-term investment strategies, benefiting from the platform’s competitive spreads, deep liquidity, and advanced trading tools.
➟ Take a deeper look at FOREX.com’s CFD instruments
Instruments:
Forex:
- Over 80 currency pairs with low spreads, like EUR/USD from 0.7, no commissions.
Indices:
- Global access with low entry points, such as S&P500 from 0.4 pts.
Shares:
- Trade CFDs on major and newly-listed stocks with commissions from 8 basis points.
Commodities:
- Non-expiring spot contracts offer flexibility and improved liquidity.
Gold and Silver:
- Enjoy tight pricing and deep liquidity in spot markets.
Crypto:
- Versatile trading on crypto CFDs, allowing for long or short positions with low deposits.
An Inside Look at FOREX.com’s Trading Accounts
FOREX.com offers standard and MT5 account types, catering to different trader needs with competitive spreads starting from 0.8 pips on major pairs.
The Standard Account on FOREX.com is ideal for those seeking a classic FX trading setup. It features competitive spreads, advanced charting tools, and a commitment to transparent pricing, all accessible through an award-winning web platform.
Through TradingView, traders gain a dynamic market view, benefiting from advanced tools and the insights of a vast community. This integration allows for seamless use of custom indicators and efficient market scanning, enhancing the trading experience on FOREX.com.
The MT5 Account elevates trading with its multi-asset platform capabilities, offering upgraded tools, additional timeframes, and an integrated economic calendar. It’s designed for traders looking for depth in analysis and strategy testing.
Image source: FOREX.com Trading Accounts
FOREX.com | Safe and Reliable Broker
➟ Ensure strong regulatory standards and financial transparency back your trading!
FOREX.com is a fully regulated broker, ensuring clients’ safety with adherence to stringent standards across multiple jurisdictions globally, including the US, UK, and Japan. The platform, alongside its NASDAQ-listed parent company StoneX Group, undergoes regular audits and maintains high transparency, supporting regulatory oversight. Their comprehensive risk management approach and robust capital levels, exceeding regulatory requirements, aim to protect customer assets and ensure the firm’s resilience during economic uncertainties. This commitment to regulation and safety underscores FOREX.com’s dedication to providing a secure trading environment.
Image source: FOREX.com’s worldwide regulations
Insight into FOREX.com’s Pricing
The broker offers a range of convenient deposit and withdrawal options, including credit/debit cards, Skrill, bank transfers, PayPal, and Neteller, to facilitate easy account funding and withdrawals for traders. FOREX.com prides itself on competitive pricing, featuring EUR/USD spreads as low as 0.7 pts and commissions on shares from just 0.1%. With an average execution speed of 0.02 seconds and low spreads on key commodities and indices, FOREX.com ensures that traders enjoy cost-effective trading without worrying about rollover interest on intraday trades.
FOREX.com’s Efficient Customer Care
FOREX.com’s support center is committed to providing timely information and assistance. With live chat for quick responses, options for submitting requests, and 24/7 phone support covering international clients, they ensure user satisfaction. Additionally, the platform enhances trader support with service updates, FAQs, and a glossary, further aiding traders in navigating the markets and understanding trading terms, reflecting their global reach and dedication to customer satisfaction.
Image source: FOREX.com’s support centre
Email:
[email protected]
[email protected]
Telephone:
Cyprus
+357 800 700 27
International
+357 220 900 62
Poland*
+48 221 045 285
Spain*
+34 919 499 395
Germany*
+49 698 679 07331
Award-Winning Excellence: FOREX.com, Celebrated for Outstanding Trading Experience and Innovation
Image source: FOREX.com’s awards and About us Page
Why FOREX.com Stands Apart
FOREX.com distinguishes itself as a premier broker for traders across the globe, offering a robust platform, diverse trading instruments, and stringent regulatory compliance. Its commitment to providing a secure and comprehensive trading environment, supported by award-winning platforms and educational resources, makes it a top choice for both novice and experienced traders. With its competitive pricing, extensive market access, and exceptional customer support, FOREX.com stands as a beacon of reliability and excellence in the forex and CFD trading landscape.
Frequently Asked Questions
Is FOREX.com a good broker?
Yes, FOREX.com is recognized as a reliable and well-regulated broker, offering a wide range of trading instruments, advanced trading platforms, and competitive pricing.
Is FOREX.com licensed?
Absolutely, FOREX.com is regulated in multiple jurisdictions worldwide including the US, UK, and Japan, ensuring a secure trading environment.
Is it easy to withdraw from FOREX.com?
Yes, withdrawing funds from FOREX.com is straightforward, offering multiple withdrawal options like credit/debit cards, PayPal, and bank transfers, typically processed within 2-5 business days.
How secure is the FOREX.com login process?
FOREX.com ensures a safe and secure login process with advanced encryption and security protocols to protect user data. Click here to access FOREX.com’s login page.
What do forex trading reviews say about FOREX.com?
Most forex trading reviews highlight FOREX.com’s reliability, range of offerings, and user-friendly platforms.
Can I trade with MetaTrader 5 on FOREX.com?
Yes, FOREX.com supports trading on MetaTrader 5, offering enhanced charting, more timeframes, and advanced trading tools.
What are the typical FOREX.com spreads?
FOREX.com offers competitive spreads, with EUR/USD as low as 0.7 pips.
How does FOREX.com leverage work?
FOREX.com offers flexible leverage options, allowing traders to maximize their trading potential while managing risk.
Are FOREX.com fees transparent?
Yes, FOREX.com prides itself on transparent pricing with no hidden fees, providing clear, upfront information on spreads and commissions.
Is FOREX.com considered a safe broker?
Indeed, as a highly regulated and well-capitalized broker, FOREX.com is considered safe and reliable for traders.
Why choose FOREX.com as a reliable broker?
FOREX.com’s regulatory compliance, broad market access, and commitment to trader education make it a reliable choice for traders of all levels.
