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Score

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.
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/10
The WikiFX Score of this broker is reduced because of too many complaints!

FOREX.com

United States|15-20 years| Benchmark AAA|
Market Making(MM)|MT4 Full License|Global Business|High potential risk|

https://www.forex.com/en/

Website

Rating Index

Benchmark

Benchmark

AAA

Average transaction speed (ms)

435.8

MT4/5

Full License

Forex.com-Live 125

United States
MT4
42

Capital Ratio

Great

Capital

$ 5,310,078 (USD)

Influence

AAA

Influence index NO.1

United States 9.72
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:A

Slippage:A

Cost:C

Disconnected:AAA

Rollover:AAA

MT4/5 Identification

MT4/5 Identification

Full License

42
Server Name
Forex.com-Live 125 MT4
Server Location United States

Capital Ratio

Capital Ratio

Great

Capital

$ 5,310,078 (USD)
Ranking in Japan: 25 /412
593.6%
很安全

Influence

Influence

AAA

Influence index NO.1

United States 9.72

Surpassed 50.75% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 877.367.3946
support@forex.com
https://www.forex.com/en/
30 Independence Blvd, Suite 300 (3rd floor), Warren, NJ 07059, USA

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

StoneX Financial
Sanne Group Japan

Contact number

English

+1 877.367.3946

English

+1 908.731.0750

Broker Information

More

Company Name

GAIN Global Markets, Inc.

Company Abbreviation

FOREX.com

Platform registered country and region

United States

Number of employees

Company website
Twitter
Facebook
YouTube

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2024-06-17
  • The number of the complaints received by WikiFX have reached 38 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

FOREX.com · WikiFX Survey
Good Onsite visit to forex broker FOREX.com in New Jersey - business venue does exist
United States
FOREX.com · Benchmark
Average transaction speed(ms)
435.8
The highest transaction speed(ms)
116 Good
The highest speed of opening positions(ms)
116 Great
The highest speed of closing position(ms)
134 Good
The lowest speed of opening positions(ms)
1516 Good
The lowest speed of closing position(ms)
1797
14.49USD/Lot Good
42.9USD/Lot
Long: -0.74USD/Lot    Short: 0.1USD/Lot Perfect
Long: -4.32USD/Lot    Short: 2.18USD/Lot Perfect
Average slippage
-0.3 Great
Maximum transaction slippage
28 Poor
Maximum positive slippage
-1 Good
Maximum negative slippage
28 Poor
Average disconnection frequency (times/day)
0.1 Perfect
Average reconnection time (millisecond/per request)
8.4
Ranking: 1 / 127
Test user 569
Orders 1,500
Ocuppied margin $1,237,306 USD
Data Source WikiFX Data provide
Updated: 2024-06-14 01:06:SS

Risk Management

Updated Time 2024-03

Average margin deposit rate

Average margin deposit rate(%)

Proportion of unsold orders

Ratio of unsold orders(%)

Hedging Trading

  • Date
  • Institution
  • Percentage
  • Rating
  • 2023-10-31
  • 100.00%

  • --

  • 2023-07-31
  • 100.00%

  • --

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Expose

    Total Margin Trend

    • VPS Region
    • User
    • Products
    • Closing time
    • Dubai
    • 256***
    • USDJPY
    • 05-17 18:00:13
    • London
    • 257***
    • XAUUSD
    • 05-17 18:01:38
    • Singapore
    • 503***
    • GBPUSD
    • 05-16 16:00:07

    Stop Out

    0.76%

    Stop Out Symbol Distribution

    6 months

    Sources
    Language
    Mkt. Analysis
    Creatives

    FOREX.com · Company Summary

    Let's start here:

    Forex.com is a major player in forex trading, providing various options including currencies, commodities, indices, and cryptocurrencies. Their platforms, like the popular MetaTrader 4 and MetaTrader 5, are available worldwide to meet different trader preferences. Backed by robust regulation and a strong focus on security, Forex.com is a favored choice for professionals looking for an all-encompassing trading experience. Now, let's delve deeper to verify if Forex.com lives up to its reputation.

    Quick Forex.com Review
    Founded 2001
    Registered USA
    Regulated ASIC (Australia), FCA (UK), FSA (Japan), NFA(USA), CIRO (Canada), MAS (Singapore)
    Market Instruments currency pairs, precious metals, energies, indices, bonds, cryptocurrencies and equities
    Max. Leverage 1:30/1:200
    EUR/USD Spread Not mentioned
    Trading Platforms MT4, MT5, Forex.com Advanced trading platform, Web trading platform, mobike trading app
    Minimum Deposit $100
    Customer Service Phone, email, WeChat
    Bonus up to$5,000 for New account opening

    It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

    In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

    What is Forex.com?

    Forex.com is one of the most respected and trusted forex brokers in the foreign exchange trading industry. Founded in 2001, Forex.com is a global company licensed and regulated by several reputable regulatory authorities, including ASIC in Australia, FCA in UK, FSA in Japan, NFA in USA, CIRO in Canada, and MAS in Singapore.

    Pros & Cons

    Pros Cons
    Well-regulated Less user-friendly for novice traders
    Wide variety of investment products An inactivity fee applied after 12 months of no account activity
    Advanced trading tools High stock trading fees
    Low forex fees, no fx commissions
    Multiple trading platforms available
    Decent customer service
    Negtive balance protection

    Is Forex.com Legit?

    Yes, Forex.com operates legally. Forex.com, a globally recognized broker, is part of an international holding company regulated by reputable authorities worldwide, including ASIC (Australia), FCA (UK), FSA (Japan), NFA(USA), CIRO (Canada), and MAS (Singapore).

    Regulated Country Regulated Authority Regulated Entity License Type License Number
    ASIC STONEX FINANCIAL PTY LTD Market Making(MM) 345646
    FCA Gain Capital UK Limited Market Making(MM) 113942
    FSA GAIN Capital Japan Co., Ltd Retail Forex License 関東財務局長(金商)第291号
    NFA GAIN CAPITAL GROUP LLC Market Making(MM) 0339826
    CIRO GAIN Capital - FOREX.com Canada Ltd. Market Making(MM) Unreleased
    MAS STONEX FINANCIAL PTE. LTD. Retail Forex License Unreleased

    Forex.com's Australian entity, STONEX FINANCIAL PTY LTD, regulated by the ASIC in Asutralia under regulatory number 345646, holding a license for Market Making(MM).

    Regulated by ASIC

    Forex.com's UK entity, Gain Capital UK Limited, regulated by tier-one regulatory FCA under regulatory number 113942, holding a license for Market Making(MM).

    Regulated by FCA

    The entity based in Japan, GAIN Capital Japan Co., Ltd, regulated by FSA under regulatory number 関東財務局長(金商)第291号, holding a license for Retail Forex License.

    Regulated by FSA

    GAIN CAPITAL GROUP LLC, the US entity, regulated by the NFA under regulatory number0339826, holding a license for Market Making(MM).

    Regulated by NFA

    Candian entity, GAIN Capital - FOREX.com Canada Ltd., is regulated by the IIROC, holding a license for Market Making (MM), with license unreleased.

    Regulated by CIRO

    STONEX FINANCIAL PTE. LTD., the entity in Singapore, regulated by the MAS in Singapore, holding a license for retail forex.

    Regulated by MAS

    Additionally, Forex.com offers negative balance protection on all of its trading accounts. This means that clients cannot lose more money than they have in their account, providing an additional layer of security and peace of mind in trading. In the event that an extreme market situation occurs and a position moves against the client, Forex.com will automatically close the position before the account balance falls below zero. This protection helps limit risk for clients and is an important feature to consider when choosing a forex broker.

    Market Instruments

    Forex.com offers a wide variety of trading instruments, including currency pairs, precious metals, indices, futures and options, stocks. Traders have a wide range of options to choose from and can find opportunities in a variety of markets.

    Market Instruments

    Minimum Deposit

    The minimum deposit amount required to register a Forex.com Standard live trading account is $100, which is quite friendly to most investors.

    Here is the table showing the comparison of Forex.com minimum deposit with other brokers:

    Broker Minimum Deposit
    label
    $100
    label
    $10
    label
    $5
    label
    $200

    Accounts

    Forex.com offers its clients two types of trading accounts: the standard account and the MT5 account. The standard account is ideal for traders looking for a wide range of advanced charting tools with more than 80 technical indicators and a wide selection of markets to trade with competitive spreads starting from 0.8 pips on the EUR/USD currency pair. In addition, this account does not charge commissions on over 300 markets.

    On the other hand, the MT5 account is ideal for traders looking for up-to-date tools and analysis, multi-asset class trading, expert advisors and custom indicators. Both accounts offer access to Forex.com's award-winning, technologically advanced and easy-to-use trading platform. In addition, clients can switch between the two accounts at any time to suit their trading needs.

    Account Types

    Forex.com also provides beginners with demo accounts, allowing them to practice in a real trading setting without any financial risks. Demo accounts come with $50,000 in virtual funds and are active for 30 days from the time of registration. Please be aware that once this period ends, you won't be able to access the demo account with the same login details. Notably, each email address can only be used to open one demo account for each type, whether it's on FOREX.com platforms or MetaTrader.

    With Forex.com demo accounts, you can enjoy the following features:

    • $50,000 virtual funds

    • Demo accounts active for 30 days

    • Access to 80+ tradable FX pairs, plus gold and silver

    • Using customizable charts

    Here is the simple demo account sign-up process for you to follow:

    Step 1: click the “Free Demo Account” button on the “Account” Navigation section.

    Click the Free Demo Account button

    Step 2: Fill in your full name, email and phone number in the form, and then click ” I'm not a robot for verification.

    fill in required info

    Step 3: After a simple registration, you can use the demo account and start trading.

    Spreads & Commissions

    Forex.com offers competitive spreads and low commissions on a wide range of trading instruments. Spreads for the EUR/USD currency pair start from as low as 0.018 pips, which is very low compared to other brokers. In addition, spreads for the Germany 40 and UK 100 indices start from 1 pip, and commissions for trading stocks start from 0.1%. Traders can also trade spot oil with spreads starting from 0 pips, which can be very attractive for those interested in commodity trading. In addition, the average trade execution speed on Forex.com is 0.04 seconds, which means that traders can expect fast execution of their trades. Finally, spreads for gold start as low as 0.15 cents, which can be very attractive for traders looking to trade the precious metals markets.

    Spreads & Commissions

    Trading Platforms

    FOREX.com offers a variety of trading platforms designed to cater to the diverse needs of its traders, from beginners to experienced market participants.

    MetaTrader 4 (MT4): Widely recognized as the industry standard for forex trading, MT4 is favored for its advanced charting capabilities, automated trading features through Expert Advisors (EAs), and extensive back-testing environment. FOREX.com enhances MT4 with additional tools and research to optimize trading.

    MetaTrader 5 (MT5): As the successor to MT4, MT5 offers all the admired features of MT4 but with additional capabilities such as more timeframes, more technical indicators, advanced charting tools, and supports trading in stocks, commodities, and futures markets along with forex.

    FOREX.com Advanced Trading Platform: This is FOREX.coms own proprietary platform built for advanced traders. It features sophisticated charting tools, integrated fund management options, and robust analysis tools. The platform is known for its superior execution speeds and comprehensive price analysis.

    Web Trading Platform: Accessible directly from a web browser without the need to download or install any software, this platform is built on HTML5 and offers a rich set of features including powerful charts, a suite of trading tools, and integrated trading strategies.

    Mobile Trading Apps: FOREX.com provides mobile applications compatible with Android and iOS devices, allowing traders to manage their accounts on the go. These apps offer full trading capabilities, complex order types, and interactive charts.

    Deposit & Withdrawal

    Forex.com offers several payment methods for depositing and withdrawing funds, such as credit card (Visa, Mastercard, Maestro), wire transfer, Skrill and Neteller. Deposits are processed within 24 hours, which means traders can start trading quickly. Withdrawals are also fast, usually taking 1-2 business days to process. It is important to note that Forex.com does not charge any additional fees for deposits or withdrawals, but payment service providers may impose their own fees.

    Deposit & Withdrawal

    Education

    Forex.com offers a wide variety of tools and resources to help traders make informed decisions, including technical analysis, economic calendars, real-time news, free webinars and seminars, and a free demo account to practice and improve trading skills.

    Conclusion

    In summary, Forex.com is a well-regulated and respected broker with a wide variety of trading instruments and easy-to-use trading platforms. With its solid reputation in the industry and its focus on security and protection of client funds, Forex.com is an attractive option for traders looking for a reliable and secure broker.

    Frequently Asked Questions (FAQs)

    Does Forex.com offer a demo account for practice?

    Yes.

    What is the minimum deposit to open an account at Forex.com?

    100 dollars.

    Does Forex.com charge commissions for trades?

    Forex.com charges commissions for some trades, such as stock trading. However, it does not charge commissions in most markets. Instead, Forex.com earns profits through the spread between the bid and ask prices of assets.

    Does Forex.com have any kind of training or education program for traders?

    Yes, Forex.com offers a wide variety of educational resources for traders of all levels, including live webinars, seminars, trading guides, articles and educational videos.

    What payment methods does Forex.com accept?

    Forex.com accepts various payment methods, including credit and debit cards, bank transfers, as well as electronic payment systems such as Skrill and Neteller.

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    User Reviews

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    User comment

    92

    Comments

    Write a review

    trgesgbv
    more than one year
    I've been using this broker mainly for its diverse market options and strong regulatory framework. It's comforting to know they're overseen by top-tier regulators. But, diving into their trading platforms was a bit daunting at first—definitely a steep learning curve there. Also, there have been moments when I needed quicker responses from support. It's a dependable platform for sure, but a bit more simplicity and speedier service would make a big difference.
    2024-06-04 14:39
    Reply
    0
    0
    trgesgbv
    more than one year
    I've been using FOREX.com mainly for its diverse market options and strong regulatory framework. It's comforting to know they're overseen by top-tier regulators. But, diving into their trading platforms was a bit daunting at first—definitely a steep learning curve there. Also, there have been moments when I needed quicker responses from support. It's a dependable platform for sure, but a bit more simplicity and speedier service would make a big difference.
    2024-06-04 14:38
    Reply
    0
    0
    Tutunana
    more than one year
    I had multiple questions about using the VPS and an EA. I was afraid of having a challenge getting things resolved on chat, but I was connected within 30 seconds to an amazing support person named Justin. In just a few minutes, Justin had answered all my questions completely and had provided all the information I needed. The only downside is that now I'm spoiled and I'll expect such good support whenever I use chat with other businesses. Justin set the bar high -- it will be hard to top this!
    2024-04-25 18:19
    Reply
    0
    0
    s4916
    more than one year
    My deposit has now been credited to my account. It took longer than I anticipated, but they explained that their verification process takes 1-2 business days, so I'm satisfied with the resolution. Another issue I have is with the desktop platform. Sometimes it kicks you out when there are significant market fluctuations and it's advantageous or disadvantageous for your trades, leaving you unable to take action to close positions and secure profits.
    2024-03-22 15:57
    Reply
    0
    0
    Jonathan Batista
    6-12months
    Users need more security in our accounts, in forex.com becose we need protection in our founds.
    2023-06-27 10:03
    Reply
    0
    0
    tayyab5718
    more than one year
    FOREX.com holds a valid regulatory license and has been operating for over a decade, during which there have been no reported cases of fraud. Therefore, you can confidently entrust your funds to this firm. As someone who traded with them for several months, I can attest to the excellence of their services.
    2023-06-17 14:35
    Reply
    0
    0
    Tard
    more than one year
    this is my long time and trusted flatform
    2023-06-14 18:09
    Reply
    0
    0
    Queel
    more than one year
    A very famous broker in the forex market. You can freely choose to open an MT4 account or an MT5 account, and the minimum deposit of only $100 is also friendly to novices. Overall, I think it is a good choice to start your forex trading here.
    2023-02-13 15:44
    Reply
    0
    0
    Queel
    more than one year
    The famous broker in the forex market. You can freely choose to open an MT4 account or an MT5 account on FOREX.com, and the minimum deposit of only $100 is also friendly to novices. Overall, it is worth a try.
    2023-02-13 15:40
    Reply
    0
    1
    beto1719
    more than one year
    I hope to have good results thank you
    2023-01-27 09:08
    Reply
    0
    1
    Bn umar
    more than one year
    Good
    2023-01-23 22:33
    Reply
    0
    3
    nasir3953
    more than one year
    nothing
    2023-01-17 00:39
    Reply
    3
    4
    kzmz6735
    more than one year
    let's see we will try
    2023-01-16 06:34
    Reply
    0
    0
    VA Dyna
    more than one year
    Hi
    2023-01-10 12:07
    Reply
    0
    2
    shahid786
    more than one year
    very nice
    2023-01-09 21:57
    Reply
    1
    3
    lheslie
    more than one year
    I'm new ,,this forex it's very nice platform it's very big helpul and to all's person's investment... and the big dreams very nice..
    2022-12-27 07:37
    Reply
    1
    4
    03368903023
    more than one year
    03368903023
    2022-12-26 02:29
    Reply
    9
    4
    Sian
    more than one year
    The overall conditions of GAIN Capital are fairly good, with educational and research resources, and a leading trading platform. But my friends don't like to use this platform because securities and bonds cannot be bought and sold on this platform. I don't use it much later because his leverage is a bit conservative, and I like high leverage trading now.
    2022-12-15 18:26
    Reply
    0
    0
    FX1160259091
    more than one year
    Jiaqiang is a big trader, and it was recommended to me by many friends when I first started trading. I have traded currency pairs on this platform twice and achieved good profits. You can trade directly through charts, and the customer service staff is also very professional. It is always right to trust a big brand.
    2022-12-14 11:38
    Reply
    1
    3
    Alves14
    more than one year
    Forex.Com is one best broker I really enjoy it You guys are the best. I don't regret doing trade with You guys. Less risk.
    2022-12-12 16:45
    Reply
    0
    0
    49
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    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
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