We liked how news articles can be filtered based on various criteria. Compare research pros and cons. We were really satisfied with Forex. com's phone support. They answered the phone instantly, and we got relevant answers. If you prefer using live chat, click 'Chat'. It opens a chatbot, which can answer only some basic questions, like "How can I deposit?

It's a bit more tricky if you want to talk to a real person. You have to type 'agent', after which the chatbot offers to connect you with a sales or support agent.

When contacting Forex. com via email, we received an automatic reply that answering may take up to 4 days, but eventually we got relevant answers within a day. We liked the quality and structuring of the videos. You can choose from different topics, like fundamental analysis or risk management. The quiz and trading glossary are unique educational tools. We found them really fun and useful. By using the performance analytics tool you can understand your own trading behavior better.

It provides insights based on your trading history from three angles: psychology, strategy and timing. com also provides webinars , which is a great platform for asking trading professionals directly. Yes, it is regulated by several financial authorities globally , such as the UK's Financial Conduct Authority FCA , and the Commodity Futures Trading Commission CFTC and National Futures Association NFA in the US.

com operates under several legal entities worldwide; which of these will serve you depends on your residency. The investor protection amount you're eligible for depends on the country where the entity serving you is located.

For example, if you are from the UK, you will sign up with StoneX Financial Ltd and will be eligible for investor protection of £85, StoneX Financial Ltd is regulated by the FCA, the UK's financial authority. com provides negative balance protection for clients belonging to StoneX Financial Ltd and StoneX Europe Ltd. for forex spot and CFD trading, but only for retail clients from the United Kingdom and the European Union.

com is a brand of StoneX Group, a US-based investment company. StoneX Group acquired GAIN Capital, Forex. com's parent company in This is important as a strong parent company lowers the chance that the company will go bust.

StoneX Group is also listed on the NASDAQ Stock Exchange. This is a big plus for safety as Forex. com releases financial statements regularly and in a transparent manner. com was established in The longer the track record of a broker, the more proof we have that it has successfully weathered previous financial crises. Having a parent company listed on a stock exchange, providing financial statements and being regulated by top-tier authorities are all great markers of Forex.

Find your safe broker. com is a great forex and CFD broker regulated by several financial authorities, such as the UK's FCA and the US CFTC.

On the positive side, it has low forex fees , many tradable currency pairs, and high-quality research tools. It has some drawbacks though. Popular assets like real stocks or bonds are not available. Stock CFD fees are quite high, and the desktop platform is not easy to use. Since there is no inactivity fee unless you don't trade for one year, feel free to try Forex.

com today. We detailed this in our Forex. com fees article. Our ultimate guide to the Forex. com minimum deposit is updated regularly. Look no further than our evaluation of the Forex. com account opening. Here's our expert view after checking the Forex. com trading app. All you need to know about the Forex. com customer service. Is Forex. com legit features all the key aspects you need to look at to see if a broker is safe and legit. A glance at actual costs and whether Forex.

com is really free. We checked it in Is Forex. com good for beginners. Research for silver bugs in the Silver buy on Forex. com guide. We explored the topic in Can you trade options on Forex. Check out the current account balance requirements at Forex. com in our What is the minimum account balance at Forex. com article. We collected them in Forex.

com commission and fees. We tested it and collected the options and costs in How to withdraw money on Forex. Everything you find on BrokerChooser is based on reliable data and unbiased information. Read more about our methodology. Compare brokers. Compare Broker tool. Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas.

Filter according to broker or product type, including stocks, futures, CFDs or crypto. COMPARE BROKERS. Compare highest-rated brokers. Interactive Brokers vs Saxo Bank. DEGIRO vs Interactive Brokers. Saxo Bank vs Swissquote. com vs XTB. Interactive Brokers vs TD Ameritrade. eToro vs XTB. Interactive Brokers vs Tradestation. Fidelity vs Interactive Brokers. com vs eToro. Compare other popular brokers.

eToro vs Freetrade. eToro vs Interactive Brokers. DEGIRO vs Trading DEGIRO vs eToro. Plus vs eToro. DEGIRO vs Revolut. eToro vs Trading Compare Digital Banks tool. Best brokers. Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers. FIND MY BROKER. Best brokers by category. Best stock brokers.

Best brokers for ETF. Best forex brokers. Best CFD brokers. Best online brokers for crypto trading. Best brokers for futures. Best brokers for options trading. Best brokers for beginners. Best brokers for ESG trading. Country-specific recommendations. United States.

United Kingdom. Trading Platform. Best trading platforms. Best options trading platforms. Best stock trading apps. Broker reviews. Online broker reviews crafted by our team of experts.

Fees, minimum deposit requirements, withdrawal, account opening, research tools and more. We use over 50, data points and a consistent, fact-based methodology. ALL REVIEWS. Highest-rated brokers. Interactive Brokers review. DEGIRO review. Saxo Bank review.

XTB review. Charles Schwab review. TD Ameritrade review. eToro review. Merrill Edge review. Fidelity review. com review. Other popular brokers. Revolut review. Freetrade review. Webull review. moomoo review. eToro fees.

Interactive Brokers fees. Saxo Bank fees. For beginners. How to start investing. How to become a trader. For advanced users. Market risk. Topics we cover. ESG Investing. Discover all topics. Data dashboard. Media mentions. Online trading in The secret sauce. Who we are. Home Broker reviews Forex. com Review Ádám N. Fees Account opening Deposit and withdrawal Trading platform Markets and products Research Customer service Education Safety Bottom line.

com review summary Forex. Recommended for forex traders looking for low fees and great research tools. See Best Alternative. com pros and cons Forex. Compare to other brokers. Our overall Forex. com rating. Account opening. Deposit and withdrawal.

Trading platform. Markets and products. Customer service. Best Forex. Top 5 brokers. Get your personalized toplist:. Find my broker. com review Fees. com has low fees for forex trades and there is no withdrawal fee. On the other hand, stock CFD fees are high and there is an inactivity fee. com fees snapshot Assets Fee level Fee terms EURUSD Low The fees are built into the spread, 1.

GBPUSD Low The fees are built into the spread, 1. Trading fees occur when you trade. These can be commissions , spreads , financing rates and conversion fees. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. To have a clear overview of Forex. com, let's start with the trading fees. com vs FXCM Forex. com vs Oanda Forex. com trading fees Forex. com trading fees are low.

We chose popular instruments in each asset class usually provided by forex brokers: Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP Stock index CFDs: SPX and EUSTX50 A typical trade means buying a leveraged product, holding it for one week and then selling.

The leverage we used was: for forex for stock index CFDs These catch-all benchmark fees includes spreads, commissions and financing costs for all brokers. Forex fees Forex. com spreads A spread is a difference between the buy price and the sell price. com spreads Forex. com FXCM Oanda EURUSD spread 1.

com rollover rates Rollover rate or financing rate is charged when you hold your leveraged positions for more than one day. com rollover rates Forex. com FXCM Oanda EURUSD financing rate 2. Here, take a look at what the non-trading fees for non-US customers look like: Forex. com non-trading fees Forex.

com review Account opening. com's account opening is seamless and fully digital, with a low minimum deposit. On the other hand, account verification takes around 2 business days, which is not the fastest on the market. Where do you live? Lucia St. Virgin Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Venezuela Vietnam Wallis and Futuna West Bank Western Sahara Yemen Zambia Zimbabwe. Our best alternatives to Forex.

com are: The highest ranking competitors are: FXCM full review Oanda full review Pepperstone full review IC Markets full review. com review Deposit and withdrawal. com provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards. com, you can choose from 7 base currencies: Forex.

com EU. com EU available base currencies EUR USD GBP PLN Base currencies at Forex. com vs similar brokers Forex. com FXCM Oanda Number of base currencies 7 4 9 Why does this matter? Compare digital banks Deposit fees and options Forex. com deposit options Forex. com review Web trading platform. com's web trading platform is user-friendly and extremely customizable, with lots of order types.

On the negative side, there is no two-step login. com platforms to choose from Trading platform Score Available Web 4. Web Trader is available only in English.

Look and feel Forex. com's web trading platform is user-friendly and looks great. com review Mobile trading platform. com's mobile trading platform looks nice and is easy to use. The search function is also great. However, there is no two-step login. One-click trading can be enabled for rapid trade execution. Additionally, the trader can choose to make the stop loss a trailing stop loss order. The one difference between the web-based and downloadable offering is that guaranteed stop loss orders are only available on the latter and, furthermore, only for U.

A FOREX. com account can also be integrated with NinjaTrader, a popular third-party trading platform. VPS is available for MT4 accounts. Clients can use FOREX. com's API to connect in for their own strategies. MT4 and MT5 connectivity allows the use of automated strategies using MetaTrader algorithms. The mobile app is functional, providing traders with access to all their account information.

Traders can add or withdraw funds, view trade history, create watchlists, access news, and view charts from the mobile app. It is also easy to navigate and set up. The charting feature is one of the drawbacks of the mobile app. There are a limited number of common indicators available, such as RSI, MACD, and moving averages, but drawing functions and more advanced technical tools are missing. Full order functionality is available, including conditional orders and the ability to easily place stop losses and profit targets at the time of a trade.

Functional demo accounts are provided for free, giving potential clients time to assess the pricing structure before committing real capital. The one criticism of the broker's demo accounts is that they expire in 30 days and FOREX. com doesn't give the prospective client the option of extending or applying for a new one under the same credentials.

The implication seems to be that you've had enough time to test our platform, so either open a funded "live" account or go elsewhere. com provides access to a broad selection of financial instruments across a wide range of different asset classes, including:. The broker's website lists multiple ways that clients can contact FOREX. com, including online chat and live phone support, from 10 a. ET on Sunday to 5 p. ET on Friday.

FAQs and website client support were satisfactory, but repeated attempts to contact via "live chat" proved to be unsuccessful.

Social media support is not available, although they do have social media accounts where they post market analysis and company information. Phone support is the quickest way to have questions answered by a real person.

There is a small menu to choose from at the start of the call. Wait times will vary based on call volume, but during a normal day you can expect to wait several minutes before being connected with a representative. Email support is available for more in-depth questions but expect to wait one to three business days for a response.

com's educational offerings are on par with the industry standard and are well organized. Clients can access content according to their experience level, or thematically. All content, with the exception of "technical analysis" topics that are available on the platform, can only be accessed through the website.

Client experience is divided into three categories—beginner, intermediate, and advanced, while themes range from the industry norm of providing market basics, such as fundamental and technical analysis, risk management, and trading strategies, to platform tutorials.

A comprehensive glossary is also available. New investors will find some helpful background information, but relying solely on FOREX. com's education to become proficient in the markets is unlikely.

That said, the material covers all the major topics that a beginner should need to know. com does not provide a trading journal nor do they provide tax accounting tools on the platform. In keeping with the competition, FOREX. com has recently incorporated a 'Performance Analytics' tool that analyzes clients trading behavior and past performance.

com's market analysis and insights are on par with industry standards and serve to connect traders to the markets and supplement its educational resources. com's platform offers Trading Central, a third-party vendor that provides technical analysis reports along with an economic calendar, Reuters news feed, and proprietary news and analysis market-wrap articles.

Additionally, a margin calculator and an array of trading and charting tools can be found on all of its trading platforms. The broker's "premium" and "pro" accounts have the option of receiving research tailored to the client's needs.

com is regulated in several jurisdictions but since laws vary by country, the products offered also vary. For example, CFDs are not available to U. clients but are available outside the U.

com is a registered FCM and RFED with the CFTC and a member of the NFA Additionally, GAIN Capital UK Ltd.

is authorized and regulated by the Financial Conduct Authority FCA in the U. Globally, the firm is also regulated by IIROC, ASIC, MAS, FSA, and CIMA. Client funds are kept segregated from the funds of FOREX. com, which helps safeguard clients' money in the event the company has financial issues.

clients also have additional asset protection through the Financial Services Compensation Scheme FSCS , up to £85,, while Canadian clients are protected by the Canadian Investor Protection Fund. clients are not as fortunate, as no additional insurance is provided by the company in terms of safeguarding their funds.

com offers negative balance protection, which is mandated under ESMA rules that went into effect in , and guaranteed stop losses at an additional cost for its U. However, non-U. client accounts can go negative, as negative balance protection is not offered to them.

In plain English, U. traders with negative account balances are on the hook for more money than they initially deposited into their accounts. Also, U. clients are not offered guaranteed stop loss orders. com does have two-factor authentication 2FA and bio-metric authentication for its mobile application, and encrypts data using SHA, TripleDes, and MD5.

com is an online broker that can service all types of traders but its emphasis on fast, reliable execution makes it a good fit for the high-volume trader who can earn rebates that would lower their trading costs. The broker offers access to a variety of financial instruments with spread and commission costs that are on par with the industry, a choice of account types, multiple user interfaces, and educational and research resources.

Customer service is available and adequate, though substandard website maintenance speaks to a lack of attention to detail. com's status as a global online broker. That said, the inconsistency in not offering negative balance protection and guaranteed stop losses in the U. is a bit disconcerting given that the former gives clients peace of mind while the latter offers a viable risk management tool in volatile market conditions.

Written by Steven Hatzakis , Blain Reinkensmeyer Edited by John Bringans Fact-checked by Joey Shadeck. The ForexBrokers. com annual forex broker review six years running is the most cited in the industry. With over 50, words of research across the site, we spend hundreds of hours testing forex brokers each year.

Here's how we test. Are you looking to speculate that the Euro EUR currency will go up in value against the U. Dollar USD? The forex market is the largest and most liquid market in the world, representing every global currency with trading conducted 24 hours a day, five days a week. To trade forex, you need a reputable online broker. Trading with a trusted forex broker is a crucial factor for success in international currency markets.

As a contract for difference CFD trader or forex investor, you may have specific needs related to which platform, trading tools, or research requirements you have. Understanding more about your investment style needs can help determine which forex broker will be best for you.

Each year, our team here at ForexBrokers. com spends five months testing the biggest names in foreign exchange and assembles a guide to the best forex brokers for forex and CFDs trading.

Here are our findings for CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets. Read full review. Saxo Bank is an exclusive multi-asset broker with brilliant research and a superb trading platform experience — as well as a stunning selection of over 40, securities.

CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12, tradeable instruments. Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite. For traders in the U.

com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms — alongside limited access to MetaTrader. As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.

eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors — or receive exclusive perks for sharing their own trading strategies. For the ForexBrokers. com Annual Review , all online broker participants were assessed on variables across seven primary categories. Here's how we tested. Alongside primary categories, ForexBrokers. com ranks brokers by the most popular investor categories. Finally, each year ForexBrokers.

com honors the brokerages who go above and beyond in the areas that matter most to investors. Regulated and trusted across the globe, IG offers traders the ultimate package of excellent trading and research tools, industry-leading education, comprehensive market research, and an extensive list of tradeable products.

This fantastic all-round experience makes IG the best overall broker in CMC Markets is a globally-trusted broker that delivers a terrific offering for traders thanks to notably low pricing, nearly 10, tradeable instruments, and the Next Generation trading platform, which comes packed with quality research and innovative features such as its Dynamic Trading portfolio tool. We've conducted thorough testing of the best trading platforms offered by dozens of the top forex brokers in the industry.

A forex broker is a company that is licensed or considered exempt by a national regulator to grant you — as a retail or professional client — the ability to buy or sell foreign currencies, by way of an online trading platform or over the phone known in the industry as voice broking. A forex broker may offer you the underlying currency, or a non-deliverable spot contract or derivative such as a contract for difference, or CFD, depending on any relevant country-specific regulatory restrictions.

It's important to only use brokers that are properly regulated to reduce your risk of being scammed. Yes, to trade forex you'll need to use a forex broker. You'll need to open an account and deposit enough collateral margin to enable you to place orders with your broker to buy or sell forex.

The forex broker's job is to execute your orders — either internally by acting as the principal to your trade market maker execution or by sending your orders to another market, thus acting as your agent agency execution.

Your broker should be regulated and properly licensed in your country of residence or in a major financial center. We evaluate and track dozens international regulatory agencies; click here to learn more about Trust Score. Check out our guide to trading forex for beginners here. The next step will be deciding on your trading budget. This is especially important given the risks involved in trading forex from a margin account.

Forex brokers typically offer a range of contract sizes so you can fine-tune the size of your trade — which will determine how much risk you are taking for a given profit target. In this case, your potential risk will be limited — but so will your potential rewards. For most beginners, trading forex with an amount of capital that you can afford to lose can be a great way to learn with less risk, and can be of value if you focus on the percentage returns rather than their dollar value.

IG takes first place in our Annual Review as the best forex broker, with available currency pairs and the ability to trade CFDs and forex options, traders have plenty of choices. IG is the only broker that is regulated in both Switzerland and the U. expand What does it mean to be the biggest forex broker? What can be considered the largest forex broker may vary depending on the time period used to measure size. Important factors to consider when gauging the size of a forex broker are the assets under management, number of clients, and market capitalization valuation for public companies.

Here are the top 10 brokers by forex and CFD trading volume according to data compiled by Finance Magnates during the third quarter of data excludes Japan due to the abnormally high trading volumes known to come from Japanese brokers :. CMC Market's Next Generation platform comes with a massive selection of nearly 10, tradeable instruments. It delivers a terrific user experience, as well as advanced tools, comprehensive market research, and an excellent mobile app.

Hands down, the CMC Markets Next Generation trading platform is a market leader that will impress even the pickiest of traders. The new Dynamic Trading tool allows you to place multiple trades simultaneously, which was a nice innovation by CMC Markets this year.

If you're a fan of mobile platforms — or trading forex on the go — see our picks for best forex trading apps here. What do you value most in a forex broker? Maybe you want to trade forex on the go. You might be looking for the most cost-effective forex brokers. Or maybe you are a beginner forex trader who is just getting started. With a wide range of forex brokers comes a wide variety of features and specialties.

IG offers the most tradeable CFDs in the industry, 19, CFDs, or "contracts for difference," enable traders to speculate whether the price of a stock, forex pair, market index, or commodity will go up or down without taking ownership of the underlying asset. Alongside nearly 10, CFDs, CMC Markets offers the most tradeable currency pairs, with pairs that can be quoted both ways i. As a highly-trusted and regulated global brand, Interactive Brokers IBKR provides everything professional traders might need, from advanced trading tools and platform features to competitive pricing across a wide variety of markets, as well as connectivity to over global exchanges.

In addition to competitive spreads and low commission-based pricing for forex, Interactive Brokers provides more third-party research than any other broker. Interactive Brokers continues to innovate its platform offering, such as with its new Impact app for environmental, social, and governance ESG investing, alongside the related Impact dashboard available in its Trader Workstation TWS desktop and WebTrader platforms. Professional client status : In today's highly regulated forex world, traders who want to maximize their margin leverage must apply and obtain ESMA's professional client status with their broker.

Traders designated as Professionals in the EU do not receive negative balance protection and other consumer safety mechanisms such as eligibility for compensation schemes in the event of a broker's insolvency. To determine the best forex brokers for professional traders, we broke down each broker's active trading program, and compared all available rebates, tiers, and all-in costs.

Trading platforms were then tested for the quality and availability of advanced trading tools frequently used by professionals. Here are three of the most important factors to keep in mind when choosing an online broker for forex trading. Not sure how to go about choosing a forex broker? Check out our Forex Broker Compare Tool to compare dozens of the biggest forex brokers in the industry and analyze their top tools and features.

Our Compare Tool is fed by data gathered by our expert researchers for our forex broker reviews , so you can feel confident you have the most up-to-date information at your fingertips. To see an intuitive, comprehensive list of highly regarded regulatory agencies, check out our Trust Score page. Also, be sure to check out our in-depth reviews of forex brokers — we detail the regulatory status of each individual forex broker across the international forex landscape.

Here are the Overall rankings for the 39 online brokers who participated in our Annual Review, sorted by Overall ranking. Was this helpful? Yes or No. At ForexBrokers. com, our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers.

Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies click here to learn about how we calculate Trust Score.

We test all available trading platforms for each broker — whether they are proprietary or come from third-party providers — and evaluate them based on a host of data-driven variables. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS Ultimately, our rigorous data validation process yields an error rate of less than.

For a full explanation and accounting of our research and testing process, please click here to learn more about how we test. There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.

A glance at actual costs and whether Forex. Each and every trading day, there are thousands of currency pairs playing the game of tug-of-war in what is known as the global forex industry. To have a clear overview of Forex. Pros Low trading costs Excellent web and mobile platforms Robust research materials Cons Educational offering could be improved MT4 offering limited to 62 symbols. Investopedia is part of the Dotdash Meredith publishing family. First on the list are its testimonials. Broker reviews.

Categories:

• Forex
• Binary Options online
• Forex Bitcoin
• Binary Options
• Forex Brokers