CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. The products and services available to you at FOREX.com will depend on your location and on which of its regulated entities holds your account.
- Good Money Guide experts rate FOREX.com highly, noting its strong regulatory standing in Canada and a total rating of 4.8/5. The platform offers a variety of trading tools, including the Playmaker app for performance analysis and TradingView for charting, alongside a comprehensive educational resource library. However, they point out limitations such as a restricted stock offering and the absence of direct market access trading.
- Across 21 user reviews on Good Money Guide, averaging 4.3/5, customers frequently commend the platform for its reliability, ease of use, and effective communication with support. Many users highlight the app's functionality and the overall trading experience as positive, while a few express concerns about the limited range of stocks available for trading.
FOREX.com Canada Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.- Pricing5.0
- Market Access4.5
- App & Online Platform5.0
- Customer Service5.0
- Research & Analysis4.5
Pros
- Tight spreads
- Good market access
- Owned by StoneX
Cons
- Limited stocks
- No DMA trading
- Limited options trading
See full expert review
Our verdict
Forex.com provides its Canadian clients with more than 80 Currency pairs, indices, commodities and almost 3000 equity CFDs, with raw spreads from as low as zero pips and commissions of US$7.00 per US$100k traded.
Is FOREX.com good for trading in Canada?
Yes, FOREX.com is fully regulated in Canada and owned by StoneXm, listed on the NASDAQ exchange, and as such, we rate them as a safe brokers to trade with.
Tools available to Forex.com's Canadian clients
Trader tools available to clients include Playmaker, a performance analysis app, that allows traders to set up and monitor a personalised trading plan in real time.
Playmaker, which is one of three trading analysis tools on offer, is designed to highlight the good and bad traits, within a client's trading behaviour, it aims to encourage them to screen out the bad habits, whilst retaining and repeating the good.
Playmaker does this by offering traders real-time feedback in running on their trading decisions.
Forex.com clients can also use the popular charting tool TradingView and trade directly from those charts.
There are also news feeds and frequent articles on market analysis, with regular features such as Technical Tuesday and Forex Friday.
As well as discussion pieces on topics of interest, such as bank and technology earnings, alongside an economic calendar and regular updates on the stock market.
Forex.com's Canadian trading platforms
When it comes to trading platforms, Forex.com’s Canadian clients can choose from the firm's mobile trading app, a desktop web-based trader, or MetaTrader 5.
High-volume or premium trading clients can also access Active Trader, a service that provides them with a dedicated relationship manager, reduced trading costs and cash rebates.
I've used FOREX.com a lot over the years. If you want to know what the platform is like, you can watch our 24-hour test as we trade live and even bank some profits.
Trader education
There are plenty of educational resources on the website including tutorials on using the forex.com trading platforms, and courses that range from the basics of trading and an introduction to financial markets, to mastering Forex and advanced technical analysis techniques.
There are also guides on popular candlestick patterns and simple strategies that newbies can employ, added to which there are regular webinars from Forex.com’s team of analysts and experts.
Customer reviews for FOREX.com
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 21 reviews
- Excellent57%
- Very good24%
- Basic10%
- Poor10%
- Bad0%
Read customer reviews
Excellent
Quick, secured and reliable with all transactions and services
Excellent
Easy to trade, very smooth communication with support
Rating
Over all very good trading platform
Best trading platform
All over its best trading platform
More money
Good app
nice plataform
I had been used quite good forex plataforms, but I found in Forex.com an excellent resource to do my orders. I recommend for sure.
Trust is everything
Always on hand and regular warnings of when markets may become volatile, a great trading partner.
Honest and sincerely
Transparent, honest and sincerely
Not currently using
Not currently using
Good
Good
n/a
n/a
Good broker
Good broker
Good and proactive.
Good and proactive.
simple
simple
Good
Good
I have been doing buds...
I have been doing buds with them for two and a half years and I never had any reason to make a complaint, though admittedly nobody is perfect
4/5
OK, but limited range of...
OK, but limited range of currencies covered well
Excellent service
Excellent service
Solid with excellent news feed.
Solid with excellent news feed.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
