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.
- Experts rate FOREX.com highly, noting its strong trading platform and excellent customer service, with a total rating of 4.7/5. They highlight the benefits of trading signals and post-trade analytics, which can enhance traders' profitability, while pointing out limitations such as a restricted market range and the absence of direct market access.
- Across 21 user reviews on Good Money Guide, averaging 4.3/5, customers frequently commend the platform's reliability, ease of use, and effective communication with support. Many users appreciate the quick and secure transaction processes, while a few express concerns about the limited market offerings.
FOREX.com US Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.- Pricing4.5
- Market Access4.0
- Online Platform5.0
- Customer Service5.0
- Research & Analysis5.0
Pros
- Trading Signals
- Post Trade Analytics
- Forex Specialists
Cons
- Limited Market Range
- No DMA
See full expert review
Our verdict
FOREX.com, is one of the largest forex brokers in the world and is now owned by NASDAQ listed institutional broker StoneX, Forex.com has been offering forex trading services to US residents since 2001, providing individuals and institutions with access to the foreign exchange market. Note: 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.
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 a 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.
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.
FOREX.com is a highly rated US forex broker owned by NASDAQ listed StoneX and is also a registered FCM and RFED with the CFTC and a member of the National Futures Association (NFA # 0339826).
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.
