Forex.com US gives currency traders access to RAW pricing

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 good choice for forex traders in the US who want added value through trading signals and post-trade analysis. It’s worth noting that spread-only & RAW Pricing are the available account types for clients based in the USA. However, CFDs, Metals, Crypto CFDs & Stocks CFDs are not available for clients based in the USA.

One of the key features that make forex.com stand out above other forex brokers is Performance Analytics where you can see your post-trade history that helps traders improve their profitability.

Raw Forex pricing

Forex.com has improved it’s Forex pricing and 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 means narrower spreads, with the typical bid-offer spread in EURUSD coming in at 0.00 pips and at 0.1 pips on AUDUSD.

The typical spread is defined as the median spread available.

Narrower spreads mean more trading opportunities and possibly many more profitable, and fewer loss-making trades.

Scratching a trade becomes more economical if you are paying little or no spread, and there is a far lower hurdle to overcome before a trade moves into profit, as well.

How do you get access to a RAW pricing account?

To access the new RAW spreads service clients will need to apply for a RAW pricing account with Forex.com, however as the noted economist Milton Friedman famously said:

“There is no such thing as free lunch.”

The narrow spreads on the RAW pricing account are offset by a US$7.00 commission per $100k traded.

So if you trade 10 lots or $1.0 million worth of FX you pay $70.00 of commission, on both sides of the trade.

Forex.com traders can further reduce their overall trading expenses if they sign up for the firm’s Active Trader program, under which they can earn rebates of up to $10.00 per million traded.

Is Raw forex pricing suitable for all traders?

RAW pricing accounts may well make sense for those traders who have an active trading strategy and high trading volumes, but they won’t always be beneficial for other traders.

So it’s important to crunch some numbers before you open one of these accounts.

One way to decide if it’s for you is to look back over a couple of quarters of trading, working out what your average monthly turnover was, and what your expenses were over a monthly time frame, which, will give you a basis on which to compare accounts and charges.

What’s the FOREX.com trading platform like?

I really like it, I’ve used it a lot over the years, and I’ve seen it improve significantly. You can see me testing the platform in our 24-hour FOREX.com live trading demo.