FOREX.com review 2026

Quick verdict

FOREX.com is a forex and CFD broker and part of the StoneX group. A CFD (contract for difference) lets you trade the price of a market, such as a currency pair, without owning it. You can win if the price moves your way, and you can lose if it moves against you.

Here is the short answer. FOREX.com is a good fit for a careful trader who wants a regulated, well-known name and a choice of platforms. Its UK entity, StoneX Financial Ltd, is authorised by the FCA. Its US arm is registered with the NFA and CFTC. It offers its own web platform and mobile app, TradingView, MT4 and MT5. The Standard account shows spreads from 0.8 pips on EUR/USD, and the RAW Spread account shows EUR/USD from 0.2 points plus commission.

What we like:

• Two regulators that many traders know: the FCA in the UK and the NFA and CFTC in the US.
• A choice of platforms: its own web and mobile platforms, TradingView, MT4 and MT5.
• Clear starting amounts: $100 in the US and £100 in the UK.
• A RAW Spread account for traders who prefer low spreads plus commission.

What you must check yourself:

• Which entity will serve you. The two entities we confirmed are for the UK and the US. We did not confirm that FOREX.com accepts clients from your country.
• The commission on the RAW Spread account. The amount is not in the facts we confirmed.
• Withdrawal times. They are not in our facts.

Our rule: deposit a small amount, make one test withdrawal, and only then add more money.

Is FOREX.com legit and safe?

Yes, FOREX.com is a real, regulated brand. A licence means a government body can inspect the company and punish it if it breaks the rules. It does not mean you cannot lose money. Trading CFDs is risky, and no licence protects you from losses on your trades.

You sign a contract with one specific company, not with "FOREX.com" in general. That company decides which rules and protections apply to you. FOREX.com lists two entities in the facts we confirmed.

FCA licence (StoneX Financial Ltd)

The FCA is the Financial Conduct Authority, the UK regulator. FOREX.com lists StoneX Financial Ltd with FCA number 446717. This is the entity for UK clients. UK rules limit leverage for retail clients and require risk warnings.

You can check the licence on the FCA Register at register.fca.org.uk. Search for 446717 and make sure the firm name is StoneX Financial Ltd and that the status is authorised. If you see a different name or a warning, stop.

NFA/CFTC registration (FOREX.com US, GAIN Capital Group LLC)

In the United States, forex dealers are registered with the CFTC, the Commodity Futures Trading Commission, and are members of the NFA, the National Futures Association. FOREX.com lists its US arm as FOREX.com US, which is GAIN Capital Group LLC, with NFA number 0339826.

You can look up this number in the NFA BASIC database at nfa.futures.org. BASIC shows the member's status and any actions taken against it. This arm serves clients in the United States under US rules. The maximum leverage of 50:1 in our facts belongs to this entity.

Which entity will serve you?

Many readers of The Forex Bridge live in Africa, Asia or Latin America. The two entities above are for the UK and the US. We did not confirm whether FOREX.com accepts clients from your country or which company would hold your account. Ask support in writing, and keep the reply. If your agreement names a company you have not seen on this page, look it up on a regulator register before you deposit.

How to check any licence in five minutes

1. Open the regulator's own website. Do not click a link in a chat or an email.
2. Search for the licence or registration number and compare the company name with your client agreement.
3. Check that the status is active and the website address matches.
4. Read the client agreement and find the name of the company you sign with.
5. Ask support which entity will hold your account, and keep the answer.

If any step fails, do not deposit.

FOREX.com fees and spreads explained

A broker earns money mainly from the spread and the commission. Understanding both lets you compare brokers fairly.

The spread is the small gap between the buy price and the sell price. You pay it each time you open a trade. A pip is the fourth decimal place of most currency pairs, so spreads are often counted in pips. A smaller spread is better for you.

What FOREX.com publishes in the facts we confirmed:

• Standard account: spreads from 0.8 pips on EUR/USD. This is a starting point, not a promise. Real spreads change with the market and widen around big news.
• RAW Spread account: EUR/USD from 0.2 points plus commission. A point here is a smaller unit than a pip, and a broker may count in points when it shows fractional pips. Ask what "point" means on the page you are reading.
• The commission amount for the RAW Spread account is not in our facts. Open the account page and write down the exact number before you compare.

How to think about cost: on the RAW Spread account your cost is the spread plus the commission. On the Standard account, the cost sits inside the spread. A very tight spread with a commission is not always cheaper than a wider spread with none. Add the two parts together.

A practical test:

1. Open a demo account.
2. Watch the spread on the pair you trade most at a quiet hour, and again during a big news release.
3. Add the commission if you plan to use RAW Spread.
4. Compare the total with another broker.

Other costs to know about:

• Swap (overnight financing). If you hold a trade past the daily rollover, you pay or receive a swap. It depends on the market and on your direction. We did not confirm FOREX.com swap rates, so read the details for each market.
• Currency conversion. If your account currency is not your bank currency, you may pay a conversion cost.
• Withdrawal and inactivity fees. We could not confirm them. Ask support and read the fee page.

Do not choose a broker only on the lowest advertised spread. Slippage (an order filled at a worse price than you clicked) and wide spreads in fast markets can cost more than a small difference in commission.

Account types at FOREX.com

In the facts we confirmed, FOREX.com lists a Standard account and a RAW Spread account.

The Standard account is the simple option. You pay the spread and no separate commission. Spreads start from 0.8 pips on EUR/USD. Beginners often like it, because the cost is easy to see.

The RAW Spread account is for traders who trade often. EUR/USD spreads start from 0.2 points, and you pay a commission on top. This style is often called an ECN-style account. ECN means Electronic Communication Network. In simple words, your order goes to a pool of price providers, you see tighter spreads, and you pay a visible commission.

Which should you choose?

• If you trade rarely or want an easy cost, pick Standard.
• If you trade often and keep trades short, RAW Spread may work out cheaper after commission, but only if the spread stays tight when you trade.
• If you are not sure, test both on a demo account.

What we could not confirm: the exact commission, the spread on pairs other than EUR/USD, and whether each account is open in your country. Offers can change by country, so open the page for your own country and read it there.

Check these points before you choose:

• Which platforms work with which account?
• Which account currency is available?
• Are there limits on trade size or on the number of open positions?

Minimum deposit: how much do you need to start?

FOREX.com states a minimum deposit of $100 for its US entity and £100 for its UK entity. These are the figures we confirmed. We did not confirm a minimum for other countries, so check the page for your own country.

What does $100 mean in practice? It is enough to open an account and learn, but it is a small account. With a small account, one bad trade can use a large part of your money. Keep your trade size small. Many beginners lose their first account because they use high leverage on a tiny balance.

Three amounts to think about:

• The minimum the broker asks for to open the account.
• The amount you can afford to lose. Never use money you need for rent, food or school fees.
• The amount that lets you trade with sensible risk. On a very small account you may have to risk too large a share on each trade.

A good habit is to deposit the minimum, make some small trades, and then make a small withdrawal to test the process. If it works, you can add more later.

Also check the minimum for each payment method. A bank wire can have a different minimum from a card. If you deposit in a currency other than your account currency, a conversion fee can reduce your first balance.

Deposit and withdrawal methods

FOREX.com lists these deposit methods in the facts we confirmed:

• Debit card (Visa and Mastercard)
• Bank wire

For withdrawals, it lists debit card, up to net deposits, and bank wire.

The phrase "up to net deposits" is important. Net deposits means the money you put in minus the money you took out. A withdrawal to your card is allowed only up to that amount. If your account has grown beyond your net deposits, the profit part has to go back another way, such as a bank wire. This is a common anti-money-laundering rule.

Credit cards and e-wallets are not in our facts. The list you see depends on your country and your entity, so log in and look at the funding page.

What this means for you:

• Use a method that you can also use for withdrawal.
• Use an account in your own name. Brokers refuse to send money to a third party.
• Keep your receipts and the date of every deposit.
• Do not send card details by chat or email. Use only the secure payment page.

We could not confirm fees or minimum amounts for each method. Ask support, and keep the answer. Bank wires may also carry fees from your own bank, so ask your bank too.

How long do FOREX.com withdrawals take?

We could not confirm a withdrawal time for FOREX.com. The broker does not state one in the facts we gathered, and we have no verified test data yet. So we do not give you a number.

Here is how a withdrawal normally works at a regulated broker:

1. You ask for a withdrawal in your account.
2. The broker checks the request. For the first withdrawal it may check your identity again.
3. The broker approves it and sends the money by the allowed method.
4. The bank or card network processes the transfer. This part is outside the broker's control.

Two timers run: the broker's approval time and the time of the bank or card network. A bank wire may take longer than a card. Weekends and public holidays slow things down too.

Tips for a smooth withdrawal:

• Finish identity verification (KYC, Know Your Customer) before you deposit. Upload your ID and a proof of address early.
• Use methods in your own name.
• Remember the card rule: withdrawals to a card are allowed up to net deposits.
• Do not ask for a withdrawal while open trades leave your account thin.
• Make a small test withdrawal in the first week. Write down when you asked and when the money arrived.

If a withdrawal is stuck for many days with no clear reason, write to support, keep all messages, and if needed, complain to the regulator of the entity that holds your account.

Trading platforms

FOREX.com offers five ways to trade in the facts we confirmed: its own web platform, its own mobile app, TradingView, MT4 and MT5.

• The FOREX.com web platform runs in your browser, so you do not need to install anything.
• The FOREX.com mobile app lets you trade from your phone. Many traders in Africa, Asia and Latin America trade mostly from a phone, so test the app on your own device.
• TradingView is a popular charting site with a large community. Linking it to your broker lets you trade from its charts.
• MT4 (MetaTrader 4) is the classic forex platform. It is simple, it has a huge library of free indicators, and it supports automated robots called Expert Advisors.
• MT5 (MetaTrader 5) is the newer version, with more timeframes and order types.

Pick one platform and learn it well. Start on a demo account. Place a few trades, set a stop loss, and learn how to close a trade before you use real money.

Check these points:

• Which platforms are open to your entity and your account?
• Does the app work well on your internet speed?
• Can you use a demo account for as long as you need?

Leverage and risk

Leverage lets you control a larger position with a smaller amount of money. FOREX.com states a maximum of 50:1 for its US entity, registered with the NFA and CFTC. That means that for every dollar in your account you can open a position worth up to 50 dollars. We did not confirm the limit for the UK entity or others.

Do not read a low limit as a weakness. Lower leverage forces you to take smaller risks, and that is how many traders stay in the game. Higher leverage makes both gains and losses bigger, and it can wipe out an account very fast.

Words to know:

• Margin is the money the broker holds as a deposit to keep your trade open.
• A margin call is a warning that your account is getting low.
• Stop-out is when the broker closes your trades automatically because your account is too low. We did not confirm the FOREX.com stop-out level, so check the account terms.
• A stop loss is an order that closes your trade at a price you choose, so a loss stays limited.

Rules that protect many traders:

• Risk a small part of your account on each trade. Many experienced traders use about one or two percent.
• Always use a stop loss.
• Do not use the maximum leverage just because it is there.
• Do not trade with borrowed money.
• Do not add to a losing trade hoping it will come back.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly because of leverage. FOREX.com does not give a share of retail accounts that lose money in the facts we confirmed. Regulated brokers usually publish this figure on their risk warning page, so look for it on the legal pages of your entity.

Who is FOREX.com best for?

FOREX.com can suit:

• Traders who want a well-known name with the FCA and the NFA and CFTC behind its entities.
• Traders who want a choice of platforms, including TradingView, MT4 and MT5.
• Active traders who may use the RAW Spread account for EUR/USD from 0.2 points plus commission.
• Careful beginners who like a start of $100 or £100 and a lower leverage limit.

FOREX.com may not suit:

• Traders who want very high leverage. The limit we confirmed is 50:1 for the US entity.
• Traders who want e-wallets or crypto. They are not in our confirmed list.
• Traders in countries where the licensed entities do not operate. Ask support first.
• Anyone who cannot accept that CFDs are risky.

If you are a beginner, open a demo account, practise for a few weeks, and then start live with an amount you can afford to lose.

How to open a FOREX.com account

These are the usual steps. Details can differ by country, so follow the pages on the broker's site.

1. Open the FOREX.com website at www.forex.com and choose your country or region. Read the legal pages for your region.
2. Ask support in writing which company will hold your account and which regulator supervises it.
3. Choose to open a live account. Fill in your name, email and phone number. Use the same details as on your ID.
4. Choose your account type, Standard or RAW Spread, and your platform.
5. Upload your ID and a proof of address, such as a utility bill. Do this early, because checks can take time.
6. Read the client agreement and the risk warning. Save a copy.
7. Make a small first deposit by a method you can also use to withdraw.
8. Place a small test trade with a stop loss.
9. Make a small test withdrawal and note how long it takes.

Never share your password. Turn on extra login protection if it is offered. Anyone who asks for your login details is a scammer, even if they say they work for the broker.

The fine print

These are the points that surprise traders later.

• Entity differences. The terms depend on your country and your entity. The leverage of 50:1 belongs to the US entity.
• Card withdrawals. Money can go back to your card only up to your net deposits. Plan for this before you deposit.
• The RAW Spread commission. The exact amount is not in our facts. Find it before you compare costs.
• Fees we could not confirm. Withdrawal fees, inactivity fees and conversion fees are not in our facts. Ask support and read the fee page.
• Swap rates. They depend on the market. Check the details before you hold trades overnight.
• Stop-out and margin levels. Not confirmed in our facts. Find them in the account terms.
• Negative balance protection. We did not confirm whether it applies to your entity. It means you cannot lose more than you deposited. Ask in writing.
• Client money. Ask whether client funds are kept apart from the company's own money.
• Bonuses and promotions. If you are offered any, read the terms. Some bonuses lock your money until you trade a certain volume.

We checked the facts in this review on 16 October 2026 against the broker's own pages, including its strength and security page, its Standard account page, its regulation page, its funding and withdrawals help pages and its RAW Spread account page. Brokers change their offers often, so check the live page before you act.

How we write these reviews: we use only facts from the broker's own site or from a regulator register. When a fact is missing, we say so. We do not take money to change a verdict.

Affiliate disclosure: The Forex Bridge may earn a payment if you open an account through our links. This does not change the facts we publish or our verdict. We do not show affiliate links to visitors in India.

Our final verdict

FOREX.com is a solid, regulated choice for traders who value a known name. The FCA licence 446717 and the NFA registration 0339826 give you two registers to check. The choice of its own platforms, TradingView, MT4 and MT5 is wide. The Standard account from 0.8 pips on EUR/USD and the RAW Spread account from 0.2 points plus commission cover both simple and active styles. The $100 and £100 starting amounts are easy to understand.

The weak points are the missing facts and the geography. We could not confirm the RAW Spread commission, withdrawal times or fees. And the entities we confirmed are for the UK and the US, so traders elsewhere must ask which company would serve them. Card withdrawals are also limited to net deposits.

Our advice in four lines:

1. Check the licence on the regulator's register and ask which entity you will join.
2. Open a demo account and watch the live spread and the commission you would pay.
3. Deposit a small amount you can afford to lose, and make one test withdrawal.
4. Keep your leverage low, even if more is offered.

CFDs are complex instruments and carry a high risk of losing money. Only trade with money you can afford to lose.