Forex.com Review 2022

Forex.com is a great forex and CFD broker that is available globally through a well-designed and cutting-edge website and trading platform.

The broker is owned and operated by Gain Capital which is also the owner of City Index.

After many hours of reviewing, we’ve managed to collect everything there is to know about Forex.com on the following page.

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Forex.com: The Background Story

Forex.com is a market leader in its truest form. The broker is owned by GAIN Capital which is a major American financial institution and it’s also one of the few brokers of this kind that are licenced in both the United States and Europe.

Not only that, but Forex.com is also the only online broker in the U.S. that provides DMA (Direct Market Access) trading.

First launched in 2001, Forex.com has extensive experience from the online trading world and, according to the broker management, they are constantly working on bettering themselves while breaking new ground.

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Is Forex.com Trustworthy?

Yes, Forex.com is, by far, one of the most trustworthy online brokers in the world.

Over the years, Forex.com has acquired several licenses and authorizations from different regulatory organizations around the world. Out of these licenses, there are two that stand out as being especially important.

In the United States, Forex.com is regulated by the Commodity Futures Trading Commission (CFTC) which happens to be one of the strictest regulatory bodies in the entire world. The CFTC is an independent agency of the US government that regulates all derivatives markets in the U.S.

In Europe, Forex.com is regulated by the British Financial Conduct Authority (FCA) which, in turn, means that Forex.com operates under the European Securities and Market Authority (ESMA) regulatory guidelines.

Pro and Cons with Forex.com

Even though Forex.com is recognized as one of the top brokers in the world, certain things could be improved. To highlight these aspects, we’ve collected three of the main pros of using Forex.com as well as three of the main Forex.com cons.

Forex.com Pros:

• Two phenomenal trading platforms that can be adjusted to suit any type of trader.
• Global reach spanning from Europe and Asia to Australian and even North America.
• The world’s biggest MetaTrader broker based on numbers of servers used.

Forex.com Cons:

• Limited trading opportunities in the United States.
• Separate accounts for MetaTrader 5 and Forex.com.
• Quite a small selection of cryptocurrencies.

Forex.com: Available Assets and Markets

Due to major differences in trading regulation in the United States and Europe, Forex’s selection of assets differs quite a lot depending on where you live. For example, CFD trading is completely banned in the U.S, limiting the number of tradable assets quite a lot.

Therefore, Forex.com is forced to offer separate assets for the two markets. As an American trader, you can trade with 82 different currency pairs as well as gold and silver, and there are also options to open a DMA account. However, as a European trader, the range of assets is much broader with some 4,500+ assets in several different markets.

You can read more about the markets you’ll gain access to after you open a Forex.com account.

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Shares

For traders based in Europe, stocks make up the lion part of Forex.com’s selection. There are literally thousands of company shares on offer ranging from huge corporations in the UK and the U.S. to smaller local businesses.

There are many benefits to trading shares as CFDs, especially how easy it is to either go long or short.

Forex

As the name entails, Forex.com’s main focus is forex trading. And unlike stock trading, forex is available to all traders, regardless of where they reside.

With a satisfying selection ranging from majors and minors to exotic FX pair, you’re sure to always have something to trade and opportunities to search for.

Indices

There are currently 15 indices offered on Forex.com, giving you the chance to benefit from equities from American, European, Asian and Australian markets. Index trading can be really exciting and we appreciate that Forex.com has handpicked 15 of the most popular indices in the world.

Commodities

There is no shortage of commodities available on Forex.com’s trading platforms. Whether you want to trade energy-related commodities such as oil and natural gas, foods such as cocoa and corn, or precious metals including gold and silver, Forex.com offers it all.

Worth noting is that most of the commodities are offered as future and at spot prices, giving you even more possibilities to benefit from this massively exciting market.

Cryptocurrencies

Recently, Forex.com added cryptocurrency CFDs to their ever-growing list of assets. There are 8 cryptocurrencies on offer including Bitcoin, Ethereum, and Litecoin, and with most of them, you have the option of going both long and short.

Spread, Fees, and Commission at Forex.com

Forex.com is a fair broker through and through and many of the provided assets have incredibly low spread. Especially currency pairs are offered at very low rates. Furthermore, Forex.com applies certain fees that are both trading-related and non-trading related such as the overnight fee.

Also, Forex.com is not a commission-free broker, but that’s really not an issue. You see, compared to other brokers, Forex.com is not expensive at all. In fact, we would argue that this might be one of the cheapest brokers to use out there.

1 minute registration 76% of retail CFD accounts lose money

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Forex.com’s Trading Platform and Apps

Forex.com has a great and quite common range of platforms that cater to all kinds of traders with different levels of knowledge and experience.

Forex.com

The main Forex.com trading platform is just called the Forex platform. It comes in one advanced desktop version that requires a download as well as a web-based version that can be used directly in your browser. This platform can also be connected to TradingView where you get access to all the charts as well as actual trading possibilities.

In our opinion, the platform has everything you need from advanced charting tools to analytic indicators, trading signals, and incredible execution. In the United States, this platform only supports forex trading, including DMA, while in Europe it also supports CFD trading.

MetaTrader 5

In addition, Forex.com also provides its customer access to the famous Metatrader 5 forex trading platform. The MetaTrader 5 is one of ours and many other traders’ favorite forex platform, and we’re always pleased to see it available. With a Forex.com account, you get access to a downloaded version of the Metatrader 5 and the web trader as well as a mobile version.

Keep in mind that you won’t get access to both platforms using the same account. Instead, you open an account with support for either one of the platforms. If you’re not sure which platform that would suit you better, we suggest you start by opening a free and unlimited demo account.

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Forex.com Apps

Both the Forex.com platform and the Metatrader 5 comes in mobile versions. The trading apps can be downloaded to iOS and Android from the respective app stores, and they run smoothly on both smartphones and tablets.

As always, the mobile trading apps are limited compared to the desktop version, but they do have all the features you need to study the market, analyze the underlying assets, and execute successful trades wherever you are.

Mobile trading is becoming more and more popular and the market is growing rapidly with new apps and features launching on a regular basis. And one of the most groundbreaking forces in this development is Forex.com.

Create an Account with Forex.com

As mentioned, you can pick between a few different accounts when signing up with Forex.com. The two main accounts are the Forex.com account which gives you access to Forex.com’s own platform while the second is a MetaTrader 5 account.

Moreover, there is also a DMA account for professional FX traders that want to take their trading to the next level. DMA trading is not for everyone and it requires a lot of experience to handle properly. Therefore, new and intermediate traders you stick to the first two account types.

Then there is also a demo account which you can use to test the platforms and get some well-needed practise before you start trading. Demo accounts are also great for strategy development, even for more experienced traders.

Final Words

We believe that Forex.com is one of the most impressive and exciting brokers in the forex and CFD industry. The combination of thousands of assets, low spread, and two of the best trading platforms right now, makes Forex.com the perfect broker for every trader.

Add to that, the fact that they’re available on the US and Canada and you have a broker with a global reach that very few other brokers can compete with.

1 minute registration 76% of retail CFD accounts lose money

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Find the best trading platform. You capital is at risk when trading. Be careful.