Score
Above 20 yearsRegulated in Australia
Market Making(MM)
MT4 Full License
Global Business
High potential risk
Benchmark
Capital Ratio
Influence
Add brokers
Comparison
Quantity 50
Exposure
Score
Regulatory Index9.46
Business Index9.16
Risk Management Index0.00
Software Index9.99
License Index9.46
Single Core
1G
40G
Sanction
More
Company Name
GAIN Global Markets, Inc.
Company Abbreviation
FOREX.com
Platform registered country and region
United States
Number of employees
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
WikiFX Data provideIt's happened frequently.
I've been asked to deposit funds, but now I often can't log in to MT4.
I was in crypto group I was doing transaction normally suddenly today this error shows when I try to withdraw now i'm in trouble I need help kindly resolve my problem it's urgency.
This person asked me to put into her platform what was profitable, in which after the profits she asked me that I had to invest more money to be able to withdraw my profit in which I deposited and she asked me for another amount of currency exchange which broker needed To be able to deposit I had to make a deposit of 1250 bolivianos so that they could deposit me according to when I deposited the first one, they told me that I could withdraw it for 710 bolivianos in which it did not happen and then they asked me for 1250 bolivianos and so far nothing
Withdrawal, not credited to GSB account 020266530623
I want to propit but I don't know how to do it, hopefully someone will give it to you
I was in crypto group I was doing transaction normally suddenly today this error shows when I try to withdraw now i'm in trouble I need help kindly resolve my problem it's emergency.
I am from Sahara in the north of Africa. Last summer, 2023, an US Forex expert trader contacted me by Instgram, and we exchanged online about crypto. After that, I sent him several Apple Itunes gift cards, a total of $970. He introduced this sum in a platform LOT (legal option trade), it was a scam. Profits raised around $44000. When I decided to withdraw, he recommended me metamask (it was also a scam). In the final, I told him to give me back my money, in my binance wallet with the link. He another time send and from binance to show me my profits were sent there. It was a lie Of course, I have various screenshots of this terrible experience. All, I want to recover my money and for this scammer, a liar and thief to be arrested. Thanks a lot.
I can't withdraw money. Please tell me. How can I retrieve it?
see attach pic the manager and ceo and the money i deposit for the investment please help me to get my money back please
The slippage is serious. In T'M5, the trading line drifts and the market is stuck. The APP is difficult to use and the website cannot be opened. For example, the gold spread is dozens of pips higher.
Been from Africa. Last summer 2023, A Forex expert trader named Tyron Ethane from the USA contacted me on Instagram, we have an exchange online about crypto. After that, I sent him an Apple iTunes gift card for a total of $970. He introduced this sum in a platform LOT (legal option trade), it was a scam. Profits raised around $44000. When I decided to withdraw he recommended me metamask (it was also a scam). In the final, I told him to give me back my money, in my Binance wallet with the link. He another time sent and from Binance to show me my profits were sent there. It was a lie Of course, I have various screenshots of this terrible experience. All, I want to recover my money and for this scammer, a liar and thief to be arrested. Thanks a lot.
I paid withdrawal and processing fee but I'm not able to withdraw.
I have a post history on LINE, but I can't upload it. I have saved it in a memo, but how can I send it? There are images of deposit and transaction. the image is
fx995229 my wife have account in forex.com but they don't gave withdrawal of my wife account it is about 10000$ every time they told wait wait wait from 3 years I am seeing that I have attached the statement of my account and fourm of withdrawal which they ask me em to send for withdrawal
The account cannot be withdrawn. When I consulted the customer service for the first time, the customer service told me that my account could not be withdrawn without providing any reason. . That's my principal, why can't I withdraw money? ? The customer service completely ignored it and kept repeating without being able to provide any reason. . Then I inquired which regulatory body Jiaqiang belongs to. . As a result, he told me that it is any regulatory license in our country. . Then kicked me out of the chat. . I'm all confused? ? ? ? ? ? Why the principal cannot be withdrawn? ? ? The license can't answer me either? ? The most important thing is to kick me out of the chat! ! ! The following is the second time to consult customer service again about the license plate. . As a result, customer service has been dissatisfied. . So Jiasheng has no supervision and no license? ? After the deposit, the principal cannot be withdrawn without providing any reason? ? ? ? ?
WikiFX Data provideForex.com is a major player in forex trading, providing various options including forex, indices, stocks, cryptocurrency, commodities, gold & silver. 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 |
| Regulation | ASIC (Australia), FCA (UK), FSA (Japan), NFA (USA), CIRO (Canada), MAS (Singapore) |
| Market Instruments | Forex, indices, stocks, cryptocurrency, commodities, gold & silver |
| Demo Account | ✅(90 days risk-free trading with $50,000 in virtual funds) |
| Max. Leverage | 1:200 |
| EUR/USD Spread | Floating around 1.0 pips |
| Trading Platforms | Web Trader, Mobile App, TradingView, MT4, MT5 |
| Minimum Deposit | $100 |
| Customer Service | Live chat, contact form, phone, email |
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.
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 the UK, FSA in Japan, NFA in the USA, CIRO in Canada, and MAS in Singapore.
| Pros | Cons |
| Well-regulated | Less user-friendly for novice traders |
| Wide variety of investment products | High stock trading fees |
| Advanced trading tools | |
| Low forex fees, no fx commissions | |
| Multiple trading platforms available | |
| Decent customer service | |
| Negtive balance protection |
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).
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).
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.
GAIN CAPITAL GROUP LLC, the US entity, regulated by the NFA under regulatory number0339826, holding a license for Market Making(MM).
Candian entity, GAIN Capital - FOREX.com Canada Ltd., is regulated by the IIROC, holding a license for Market Making (MM), with license unreleased.
STONEX FINANCIAL PTE. LTD., the entity in Singapore, regulated by the MAS in Singapore, holding a license for retail forex.
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.
Forex.com offers a wide variety of trading instruments, includingforex, indices, stocks, cryptocurrency, commodities, gold & silver. Traders have a wide range of options to choose from and can find opportunities in a variety of markets.
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 |
 | $100 |
 | $0 |
 | $5 |
 | $200 |
Forex.com offers its clients two types of trading accounts: the Standard account and the Raw Spread 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 variable spreads as low as 1.0 pips on the EUR/USD currency pair. In addition, this account does not charge commissions on over 300 markets. The commission is only for equities.
On the other hand, the Raw Spread account is ideal for traders looking for raw spreads. 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 Type | Spread | Commission |
| Standard | Variable, EUR/USD as low as 1.0 pips | Only for quities |
| Raw Spread | Tightest, majors as low as 0.0 pips | Fixed 5 per 100k USD traded on FX |
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:
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.
Step 2： Fill in your full name, email and phone number in the form, and then click I'm not a robot for verification.
Step 3: After a simple registration, you can use the demo account and start trading.
Forex.com offers competitive spreads and low commissions on a wide range of trading instruments. Spreads for the EUR/USD currency pair is floating around 1.0 pips, which is very low compared to other brokers. You can find spreads on other pairs in the screenshot below:
Commissions vary by market: for most US stocks it is 1.8 cents per share, and 0.08% of the consideration for most UK, EU, and Asian stocks. The minimum commission rates are 10 of the stock's base currency.
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.
TradingView: TradingView is a premium business utility that offers a free demo of its trade charting platform. The app is simple for beginners and effective for technical analysis experts.
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.
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.
Forex.com offers different educational resources for different traders. If you are just a beginner, you can choose “new to trading”, and then you can find beginner-friendly educational resources. If you are professional, you can choose “an experienced trader”, then you can go to more advanced educational resources. Academy, tutorials, webinars, and free demo accounts are all available to practice and improve trading skills.
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.
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.
FOREX.com has played a significant role in the forex trading industry for decades. WikiFX created a comprehensive review to help you better understand this broker. We will analyze its reliability based on specific information, regulation, etc. Let’s get into it.
WikiFX
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