FOREX.com Forex Broker Review
FXMARE editorial rating, not user reviews.
Reviewed by the FXMARE Research Desk under our review methodology · licences last verified 2026-06-25
A veteran, StoneX-backed forex and CFD broker with one of the most extensive regulatory footprints in retail trading, offering MT4/MT5, TradingView, and a proprietary platform across ~5,500 instruments.
Spread from: 0.1 pips (raw/ECN) · Min deposit: $100 (bank transfer or debit card; $2,500 recommended for meaningful flexibility) · Max leverage: 1:50 (US, forex majors); 1:30 (EU/UK, forex majors); up to 1:400 (international/offshore entities) · Founded: GAIN Capital, the founding entity; FOREX.com brand operational by 2004; acquired by StoneX Group in 2020 · Instruments: 80+ forex pairs; 4,500+ stock CFDs; indices, commodities, bonds, ETF CFDs, crypto CFDs; options on select entities
Spreads, minimum deposit and leverage are indicative and vary by account type and jurisdiction — confirm current terms on the broker’s site.
Between 74% and 89% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs and leveraged products work and whether you can afford to take the high risk of losing your money. FXMARE is not a broker and does not offer these products; figures are indicative of those disclosed by regulated providers. This page is information, not financial advice. See our full risk disclosure.
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FOREX.com Overview
A veteran, StoneX-backed forex and CFD broker with one of the most extensive regulatory footprints in retail trading, offering MT4/MT5, TradingView, and a proprietary platform across ~5,500 instruments.
FOREX.com is regulated by CFTC (USA), NFA (USA), FCA (UK) — via StoneX Financial Ltd, ASIC (Australia) — via StoneX Financial Pty Ltd, CIRO (Canada), CySEC (Cyprus / EU), SFC (Hong Kong), JFSA (Japan), MAS (Singapore), SCA / CMA (UAE — obtained August 2025). Independently verifiable licences include NFA Member — Gain Capital Group LLC (FCM & RFED), NFA ID 0339826; FCA — StoneX Financial Ltd, FRN 446717; ASIC — StoneX Financial Pty Ltd, AFSL 345646. It ranks among the most trusted, tier-1-regulated brokers in this comparison.
EUR/USD spreads start around 0.1 pips on the raw/ECN account (about 1 pips on the standard, commission-free account), with $7 (RAW Spread account, per standard lot round-turn) commission. The minimum deposit is $100 (bank transfer or debit card; $2,500 recommended for meaningful flexibility) and maximum retail leverage is 1:50 (US, forex majors); 1:30 (EU/UK, forex majors); up to 1:400 (international/offshore entities). It does not provide a dedicated swap-free (Islamic) account (No Islamic or swap-free account is listed on FOREX.com's official site or mentioned in independent reviews; FOREX.com does not appear on any major Islamic-account broker lists. Confirm directly with support if required.), so standard overnight swaps apply.
Platforms include FOREX.com Advanced Trading, MT4, MT5, TradingView, NinjaTrader, Mobile apps. FOREX.com provides ~5,500 tradeable instruments globally (80+ forex pairs; 4,500+ stock CFDs; indices, commodities, bonds, ETF CFDs, crypto CFDs; options on select entities) across Forex, funded via ACH / Bank Transfer, Wire Transfer, Debit Card (Visa/Mastercard), PayPal, Skrill, Neteller.
FOREX.com is one of the most heavily regulated retail FX brokers in the world, holding tier-1 licences across the US (CFTC/NFA), UK (FCA via StoneX Financial), Australia (ASIC), Canada (CIRO), EU (CySEC), Japan, Singapore, and Hong Kong — making it a strong choice for traders who prioritise regulatory safety. Its RAW Spread account is competitive on an all-in basis (~0.8–1.1 pips EUR/USD including commission), though the standard account pricing is only average. The main gaps are the absence of any swap-free/Islamic account and relatively poor MT4 instrument coverage compared to the proprietary platform; serious Muslim traders and pure ECN seekers will likely look elsewhere.
Headquarters: Warren / Bedminster, New Jersey, USA (global HQ under StoneX Group Inc., NASDAQ: SNEX) · Funding: ACH / Bank Transfer, Wire Transfer, Debit Card (Visa/Mastercard), PayPal, Skrill, Neteller, PayNow (Singapore)
Pros
- Exceptional multi-regulatory coverage — CFTC/NFA, FCA, ASIC, CySEC, SFC, JFSA, CIRO, MAS among others
- Broad platform suite: proprietary Advanced Trader + MT4/MT5 + TradingView + NinjaTrader
- US-resident clients accepted (rare among large global brokers)
- Massive instrument range: ~5,500 symbols across 10+ asset classes
- Backed by publicly-listed StoneX Group (NASDAQ: SNEX, Fortune 100)
Cons
- Standard account EUR/USD spread (~1.0–1.6 pips) is not the tightest vs specialist ECN brokers
- No Islamic/swap-free account offering confirmed
- US clients subject to 1:50 leverage cap and no negative-balance protection
- $700k NFA fine in 2022 for improper account adjustments after a trading system malfunction
FOREX.com Ratings Breakdown
FOREX.com Fees, Spreads & Leverage
FOREX.com Regulation & Entities
Licence numbers link to each regulator’s public register so you can verify them yourself. Last checked 2026-06-25.
FOREX.com is authorised by CFTC (USA), NFA (USA), FCA (UK) — via StoneX Financial Ltd, ASIC (Australia) — via StoneX Financial Pty Ltd, CIRO (Canada), CySEC (Cyprus / EU), SFC (Hong Kong), JFSA (Japan), MAS (Singapore), SCA / CMA (UAE — obtained August 2025). Brokers regulated in tier-1 jurisdictions are generally required to hold client money separately from company funds and may offer protections such as negative-balance protection or an investor-compensation scheme — the exact safeguards depend on the entity you sign up with. As with all trading, your capital is at risk. Confirm which entity, licence and protections apply to your country on the regulator’s register before funding an account.
Want a deeper, sourced safety check? See our broker safety checks — regulator registers, review-platform sentiment and unresolved questions, in one place.
FOREX.com Platforms & Execution
Available on desktop, web and mobile. Tradable across Forex. Track every position you take with FOREX.com in the FXMARE trading journal.
FOREX.com Verdict — Is It Safe & Legitimate?
FOREX.com is one of the most heavily regulated retail FX brokers in the world, holding tier-1 licences across the US (CFTC/NFA), UK (FCA via StoneX Financial), Australia (ASIC), Canada (CIRO), EU (CySEC), Japan, Singapore, and Hong Kong — making it a strong choice for traders who prioritise regulatory safety. Its RAW Spread account is competitive on an all-in basis (~0.8–1.1 pips EUR/USD including commission), though the standard account pricing is only average. The main gaps are the absence of any swap-free/Islamic account and relatively poor MT4 instrument coverage compared to the proprietary platform; serious Muslim traders and pure ECN seekers will likely look elsewhere.
Affiliate link · $100 (bank transfer or debit card; $2,500 recommended for meaningful flexibility) min deposit · Trading CFDs is high-risk
FOREX.com — frequently asked questions
Is FOREX.com regulated?
FOREX.com states it is authorised by CFTC (USA), NFA (USA), FCA (UK) — via StoneX Financial Ltd, ASIC (Australia) — via StoneX Financial Pty Ltd, CIRO (Canada), CySEC (Cyprus / EU), SFC (Hong Kong), JFSA (Japan), MAS (Singapore), SCA / CMA (UAE — obtained August 2025). We last checked those licence details against the regulators' own public registers on 2026-06-25. Licences are entity-specific: the group company that onboards you depends on your country, so confirm which entity your client agreement names before depositing.
What is the minimum deposit at FOREX.com?
FOREX.com lists $100 (bank transfer or debit card; $2,500 recommended for meaningful flexibility) min deposit. Minimums vary by account type, funding method and regional entity, so treat this as indicative and confirm the figure on the broker's own site for the account you intend to open.
What spreads does FOREX.com offer on EUR/USD?
FOREX.com advertises spreads from 0.1 pips (raw/ECN), with EUR/USD quoted around 1 pips (standard) · 0.1 pips + commission (raw). Commission: $7 (RAW Spread account, per standard lot round-turn). Advertised "from" figures are floors seen in ideal conditions rather than averages — compare total cost per round turn (spread plus commission) at the volume you actually trade.
What is the maximum leverage at FOREX.com?
FOREX.com advertises up to 1:50 (US, forex majors); 1:30 (EU/UK, forex majors); up to 1:400 (international/offshore entities). Leverage caps are set by the regulator of the entity you trade with, so retail clients in the UK, EU and Australia receive materially lower caps than the headline figure. Higher leverage magnifies losses as much as gains.
Does FOREX.com offer swap-free (Islamic) accounts?
No. FOREX.com does not currently advertise a swap-free (Islamic) account. No Islamic or swap-free account is listed on FOREX.com's official site or mentioned in independent reviews; FOREX.com does not appear on any major Islamic-account broker lists. Confirm directly with support if required.
Which platforms does FOREX.com support?
FOREX.com supports FOREX.com Advanced Trading, MT4, MT5, TradingView, NinjaTrader, Mobile apps. Platform availability can differ by entity and account type — a platform offered in one region is not guaranteed in another, so verify it is available on the specific account you plan to open.
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FXMARE may earn a commission if you open an account through links on this page, including any placement marked Sponsored. This does not affect our independent rating of FOREX.com. Trading forex and CFDs carries a high level of risk and most retail accounts lose money. This review is information, not financial advice — verify all terms with the broker directly.
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