Forex.com Customer Reviews
Honest and sincerely
Transparent, honest and sincerely
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- Tell us what you think of this company and help others make more informed financial decisions.
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.
A lot of assets but…
A lot of assets but high fees
72% of retail investor accounts lose money when trading CFDs with this provider.
Forex.com – Good Money Guide’s Expert Review
Forex.com is a mecca for forex trading. The domain name itself means that you are under no illusion as to what it’s all about. Every time I meet up for lunch with Forex.com we always chat about how much it is worth as just a web address, regardless of the trading capabilities and global appeal it has (they are one of the few currency trading platforms allowed to operate in the US as well).
Anyway, you might be wondering if you should trade forex with Forex.com. In this review, I tried out the platform features and put some live trades on for 24 hours to help you decide if they’re the right forex broker for you.
Forex.com Review
Name: Forex.com
Description: Forex.com is one of the largest forex brokers operating globally and owned by NASDAQ listed institutional broker StoneX. Forex.com offers traders access to 5,500+ assets including 80+ currency pairs, thousands of stocks, popular commodities, indices and cryptocurrencies (pro accounts only in the UK). Pricing is competitive especially for those on their RAW spread account or active trader program.
69% of retail investor accounts lose money when trading CFDs with this provider.
Why we like Forex.com:
If you are a forex trader, then Forex.com’s trading signals, platform and trading performance data make it one of the best platforms for currency trading.
Pros
- Trading Signals
- Post Trade Analytics
- Forex Specialists
Cons
- Limited Market Range
- No DMA
-
Pricing
(4)
-
Market Access
(3.5)
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Online Platform
(4.5)
-
Customer Service
(4)
-
Research & Analysis
(5)
Overall
4.2Forex.com Review Ratings Explained
- Pricing: Their read and butter is forex trading so pricing is paramount
- Market Access: Many currency pairs and access to other markets as well
- Platform & Apps: The Forex.com app is very intuitive with charting pop-ups for market visuals
- Customer Service: Forex.co has local offices (with London HQ) for global support
- Research & Analysis: Forex.com boasts many trading signals and post-trade analytics
72% of retail investor accounts lose money when trading CFDs with this provider.
How much leverage does forex.com offer?
Leverage is important in forex and CFD trading as it allows you to amplify your market exposure. So, when choosing a trading platform, it’s crucial to find out how much leverage is on offer. At forex.com, the amount of leverage you can access depends on the instruments that you’re trading and the country that you’re
Forex.com Customer Reviews, Expert Opinion, News & Interviews
The name says it all really. Forex.com does forex trading and they do it really well. Excellent peripheral market coverage, post-trade analytics and signal for inspiration. Richard Berry Good Money Guide Founder Forex.com Customer Reviews Visit Forex.com 72% of retail investor accounts lose money when trading CFDs with this provider. Forex.com – Good Money Guide’s
How long does the forex.com demo account last?
Forex.com does have a demo account and we rate it as one of the best paper trading accounts around. You can compare forex.com’s demo account to other paper trading platforms in our demo account comparison. You can trade for 12 weeks on the forex.com demo account. I took it for a test drive to see
Is forex.com available in the USA?
Yes, you can trade with Forex.com as a US resident in the USA. Forex.com are owned by NASDAQ-listed broker StoneX and are one of the few US forex brokers to be legally allowed to offer retail traders access to the forex markets. FOREX.com, is one of the largest forex brokers in the world and is
Can you use MT4 with Forex.com?
Yes, alongside forex.com’s own trading platform, you can execute trades and create strategies through MetaQuotes MT4 and MT5. When you trade on Metatrader 4 with Forex.com, you benefit from tight spreads, fast trade executions and unique trading tools. Download and explore automated trading strategies with Expert Advisors from FX Blue. Choose from … To read
Is Forex.com legal in the UAE?
Is Forex.com legal in the UAE? Yes it is legal to trade FX on forex.com in the UAE as they are regulated by the DFSA and have a local office in Dubai. You can trade real CFDs in the UAE with forex.com. Forex.com has excellent forex trading signals including their Smart Signals feature and Performance Analytics
Is Forex.com CFD trading real or fake in the UAE?
You can trade real CFDs in the UAE with forex.com as they are regulated by the DFSA and have a local office in Dubai. Forex.com is owned by NASDAQ listed StoneX and is one of the largest forex brokers in the world. Compare Forex.com against other CFD trading platforms in the UAE: Richard BerryRichard is
Forex.com introduces RAW forex trading spreads
Forex.com has improved it’s Forex liquidity via what it calls a RAW pricing account which offers customers narrow or no bid-offer spreads. Raw prices are effectively the prices that Forex.com receives from the market via its liquidity providers, and rather than marking these prices up before distribution, the prices are sent to customers directly. That
Forex.com 24 Hour Forex Trading Test Drive and Video Walkthough
I took forex.com out for a 24-hour test drive, trade with real money and try some of their key features on the streets of the City of London. Here’s what happened… “For FX sake”, I thought to myself when I decided to write a review about a forex broker that offers access to the forex
Forex.com upgrades it’s Canadian currency trading offering
Canadian forex broker, Forex.com one of the most familiar names in FX trading and now part of the US-listed Stonex Group has revamped its Canadian website. The new Forex.com Canadian website, which is billed as the complete FX and CFD trading experience, has a smart new livery and very fast response times, both of which
Forex.com FAQ:
Yes, Forex.com is legit. Forex.com is owned by NASDAQ-listed US broker StoneX. In fact, the domain name Forex.com is one of StoneX’s most valuable assets as it is the driving force behind most of the client acquisition for their forex trading brand.
Yes, Forex.com is a safe place to trade as in the UK they’re regulated by the FCA. This means your funds are protected by the FSCS, should they as a broker default.
There is an inactivity fee of $15 (or local currency equivalent) if you do not use your Forex.com account for 12 months. Brokers charge this so that if people completely forget about their accounts, the small fee covers the cost of administration and will eventually deplete account funds so the account can be closed with a zero balance.
The minimum initial deposit for a Forex.com account is £100 of your selected base currency ($100 USD etc.). However, it is important to note than when trading margin FX you take to take into account initial and variation margin to fund ongoing positions.
Yes, Forex.com is a good trading platform for scalping because of it’s tight FX pricing and also it’s intraday short term Smart Trading Signals.
Yes, you can hedge forex in two ways with forex.com. You can either hedge an open position on either Forex.com’s own trading platform or MT4. Or, you can use forex.com to hedge physical currency exposure using derivatives.
Forex.com makes money from the difference between the buy and sell prices when you trade (the bid/offer spread) and by charging overnight funding fees on positions.
Yes, you can trade cryptocurrencies on Forex.com in the UK if you have a professional trading account. Or, if you are based outside the UK, other regions will let you trade crypto as a retail trader.
72% of retail investor accounts lose money when trading CFDs with this provider.
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 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.
You can contact Richard at richard@goodmoneyguide.com
