About its history and mission
FOREX.com was founded in 1999 and is part of one of the most prime online trading services providers - GAIN Capital Group. Over time, FOREX.com established itself as one of the most respected and oldest brokers in the industry, with offerings extending to forex and CFDs on a retail as well as institutional level.
- Founded
- 1999
- Headquarters
- United States
- Address
- 44 Wall Street, 7th Floor, New York, New York 10005
- Website
- https://www.forex.com/
Strengths and Weaknesses
Strengths
- Strong regulatory oversight
- A wide range of tradable instruments
- High-quality trading platforms
- Excellent market research and educational content
- Higher spreads compared to some low-cost brokers
- Inactivity fees
- Geo-Restrictions
Weaknesses
Safety and Regulations
FOREX.com is a regulated broker under FCA in the UK, CFTC in the United States, ASIC in Australia, and MAS in Singapore. This takes account of financial standards that must be fulfilled very strictly. Client funds are deposited in top-tier banks separately to ensure safety. Again, some types of retail traders in jurisdictions are not able to have access to negative balance protection.
Regulators
- CIRO
- CySEC
- NFA
- CFTC
- CIMA
- FCA
- FSA
- MAS
- ASIC
Instruments Available
Types of Accounts
Standard
- Minimum deposit
- $0
- Commission
- 0.2
- Available tools
- 0
- Leverage
- 1:1 to 1:400
- Margin call level
- Stop-out level
Fees and Charges
The mediums of charges are relatively cheaper: 1.0 pips are laid down for standard accounts and zero for commission accounts. Commissions, equal to $5 every 100k traded, are required by commission accounts. These are applied with an overnight swap rate for everything held overnight. The trading platform has neatly arranged details for swap rates for customers. Amounts of $15 per month are deducted in the case of dormant accounts.
Trading Platforms
Customer Support
- Phone
- International: +1.908.315.0653 UAE: +9718000321278 Colombia: +5718005189122
- Hours
- 24/5 - phone, email, chat
Deposits and Withdrawals
Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.
FAQ
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Users reviews
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