Score

8.49 /10
Good

FOREX.com

United States

Above 20 years

Regulated in Australia

Market Maker (MM)

MT4 Full License

Global Business

High potential risk

AAA
Great
AA

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Comparison

Quantity 51

Exposure

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Website

Score

Regulatory Index9.51

Business Index9.16

Risk Management Index0.00

Software Index9.99

License Index9.51

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

StoneX Financial

Broker Information

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Company Name

GAIN Global Markets, Inc.

Company Abbreviation

FOREX.com

Platform registered country and region

United States

Number of employees

Company website

X

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2025-05-05
  • The number of the complaints received by WikiFX have reached 39 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

FOREX.com · Benchmark
Average transaction speed(ms)
332.9 Great
The highest transaction speed(ms)
60 Great
The highest speed of opening positions(ms)
197 Good
The highest speed of closing position(ms)
60 Great
The lowest speed of opening positions(ms)
965 Great
The lowest speed of closing position(ms)
1368 Good
Ranking: 1 / 125
Test user 598
Transactions 1,878
Ocuppied margin $1,257,869 USD
Data Source WikiFX Data provide
Updated: 2025-05-02 01:05:00
Pyramid scheme complaint
Expose
Scam

This person asked me to put in

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

2024-05-19 11:48
Others

A true story reveals the difficult road to safeguarding rights on the JiaSheng platform: withdrawal involves gambling funds, bank cards are frozen, funds are deducted and confiscated, and 5 months of rights protection efforts have been in vain!

I, the account holder with Jia Sheng platform account number 24785088, withdrew $1800 USD in July 2022, which was deposited into my bank account as 12,030 RMB. The remitter is Wang Tiemin! In November 2023, my withdrawal bank card was suddenly frozen by judicial authorities. After inquiring, it was determined that the funds were deemed "gambling-related funds". I actively cooperated with the relevant authorities and provided related documents twice. However, after one year of freezing, in December 2024, the funds were forcibly confiscated according to the court's ruling. Subsequently, I repeatedly explained the situation to Jia Sheng platform through email, WeChat, and phone calls. I submitted the explanation from the public security agency, the court's judgment, and other documents requested by the platform. However, the customer service response was always "the documents have been submitted and feedback has been given to the relevant department, please be patient". Now, five months have passed and there has been no substantial progress or response! Ironically and frustratingly, four funds with the same situation involving another unknown small platform were properly resolved within less than a month after submitting the documents! In comparison, Jia Sheng, as a so-called global well-established forex platform, has shown evasiveness, indifference, and lack of responsibility towards its customers regarding this single problematic fund! Such attitude and behavior are disheartening! How much more can one endure? Jia Sheng is still promoting itself on Douyin and other media outlets in mainland China, attracting more uninformed investors. Its true nature is despicable! Its *heart deserves condemnation! I hope to use this complaint platform to contact and urge Jia Sheng platform to effectively address my demands and provide a reasonable explanation and compensation solution. At the same time, I hope that vulnerable investors who see this exposure will open their eyes, choose platforms cautiously, and prevent my situation from becoming theirs! Hard-earned money should be cherished!

2025-04-26 22:15
    Sources
    FOREX.com · Company summary

    Let's start here:

    Forex.com is a major player in forex trading, providing various options including forex, indices, stocks, cryptos, gold, oil & commodities, and bullion. 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
    RegulationASIC (Australia), FCA (UK), FSA (Japan), NFA (USA), CySEC (Cyprus), CIRO (Canada), MAS (Singapore)
    Market InstrumentsForex, indices, stocks, cryptos, gold, oil & commodities, bullion
    Demo Account✅(90 days risk-free trading with $50,000 in virtual funds)
    Account TypeStandard, MetaTrader, RAW Spread
    Min Deposit$100
    LeverageUp to 1:200
    EUR/USD SpreadFloating around 1.2 pips
    Trading PlatformsWeb Trader, Mobile App, TradingView, MT4, MT5
    Payment MethodsLocal online transfers, credit/debit card, wire transfer, Neteller, Skrill
    Deposit Fee
    Withdrawal Fee
    Customer SupportLive chat, contact form
    Tel: +1.908.315.0653 (international)
    Email: global.support@forex.com

    Forex.com Information

    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.

    Forex.com's homepage

    Pros & Cons

    ProsCons
    Well-regulatedWithdrawal fee charged
    Wide variety of investment products
    Advanced trading tools
    Low forex fees, no fx commissions
    Multiple trading platforms available
    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), CySEC (Cyprus), CIRO (Canada), and MAS (Singapore).

    Regulated Country Regulated AuthorityRegulated Entity License Type License Number
    ASICSTONEX FINANCIAL PTY LTDMarket Making (MM)345646
    FCAGain Capital UK LimitedMarket Making (MM)113942
    FSAGAIN Capital Japan Co., LtdRetail Forex License関東財務局長(金商)第291号
    NFAGAIN CAPITAL GROUP LLCMarket Making (MM)0339826
    CySEC
    CySECStoneX Europe LtdMarket Making (MM)400/21
    CIROGAIN Capital - FOREX.com Canada Ltd.Market Making (MM)Unreleased
    MASSTONEX FINANCIAL PTE. LTD.Retail Forex LicenseUnreleased

    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

    Cyprus entity, StoneX Europe Ltd,is regulated by CySEC, holding a license for Market Making (MM), with license No. 400/21.

    Regulated by CySEC

    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 forex, indices, stocks, cryptos, gold, oil & commodities, and bullion. 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
    Pepperstone
    $200
    label
    $5
    IC Markets Global
    $200

    Account Type

    Forex.com offers three account types, including Standard, MetaTrader, and Raw Spread accounts.

    Account TypeSpreadCommission
    Standard From 0.8 pips
    MetaTraderFrom 1.0 pips
    Raw SpreadFrom 0.0 pips$5 USD commission per $100k USD traded
    Standard account vs MetaTrader account
    Standard account vs Raw Spread account

    Demo Account

    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 90 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.

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

    Step 1: Click the “TRY A DEMO ACCOUNT” button on Forex.com's homepage.

    Click the TRY A 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 is floating around 1.2 pips, which is very low compared to other brokers. You can find spreads on other pairs in the screenshot below:

    Spread

    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.

    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.

    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.

    Trading platform comparison

    Deposit & Withdrawal

    Forex.com offers several payment methods for depositing and withdrawing funds, such as local online transfers, credit/debit card, wire transfer, Neteller, and Skrill. 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.

    Education

    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.

    Education

    Education

    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. Demo accounts are available for 90 days with $50,000 in virtual funds.

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

    $100.

    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.

    News

    NewsBroker Comparison: FOREX.com vs. FXCM

    When selecting a forex broker, evaluating various factors such as regulatory status, fees, trading platforms, educational resources, and customer service is essential. This comprehensive analysis compares two prominent brokers: FOREX.com and FXCM.

    WikiFX
    2025-02-27 18:00
    Broker Comparison: FOREX.com vs. FXCM

    NewsBroker Review: Is FOREX.com a solid Broker?

    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
    2024-11-28 15:17
    Broker Review: Is FOREX.com a solid Broker?

    NewsFOREX.com Partners with Kalshi for Event-Based Trading on US Election

    FOREX.com teams up with Kalshi to offer event-based trading on the US Presidential Election, blending political outcomes with market predictions. Find out more about this collaboration.

    WikiFX
    2024-10-30 14:03
    FOREX.com Partners with Kalshi for Event-Based Trading on US Election

    ExposureWikiFX September Exposure: Brokers With Reported Complaints

    September's WikiFX report exposes questionable activities of online forex brokers, highlighting the importance of thorough research before investing. Learn about brokers receiving negative feedback and tips to ensure a safe trading experience. Stay informed and protect your investments.

    WikiFX
    2023-10-16 12:23
    WikiFX September Exposure: Brokers With Reported Complaints

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    出金涉案被冻结划扣者
    more than one year
    本人在嘉盛平台的账户24785088,于2022年7月出金1笔1800美元资金到账银行卡12030元人民币。打款人王铁民! 在2023年11月,我的出金银行卡突遭司法机关冻结,经询问是因该笔资金被认定为"涉赌资金",本人积极配合有权机关前后提供了2次相关资料,但是经过1年冻结时间,在2024年12月经法院判决,该笔资金被依法强制划扣充公。 本人随后通过邮件、微信、电话,反复向嘉盛平台说明相关情况,提交公安机关提供的情况说明、法院的判决书以及平台要求提供的其他资料。但客服回应均是"资料已上交并反馈相关部门,请耐心等待",如今5个月时间过去了,至今没有任何实质性进展和回复! 而说来讽刺和打脸的是,当时相同情况的4笔资金,涉及另一家不知名小平台,我在提交资料不到1个月内就给我妥善解决和处理了!相较之下,作为所谓全球老牌外汇平台的嘉盛,仅此1笔问题资金,却对客户推诿敷衍、冷漠以待、毫无担当!如此态度和做事令人寒心!士可忍孰不可忍!而嘉盛至今还在中国大陆抖音开设账号宣传,在金十财经等媒体宣传自己,吸引更多不明真相的投资者,其面目可憎!其*心可诛! 希望借助贵投诉平台,能联系和督促嘉盛平台切实处理本人诉求,并给出合理解释和赔偿解决方案。 同时也希望看到此条曝光内容的广大弱势投资者,擦亮眼睛,谨慎选择平台,不要让我的今天成为你的明天!血汗钱不易,且做且珍惜!
    本人在嘉盛平台的账户24785088,于2022年7月出金1笔1800美元资金到账银行卡12030元人民币。打款人王铁民! 在2023年11月,我的出金银行卡突遭司法机关冻结,经询问是因该笔资金被认定为"涉赌资金",本人积极配合有权机关前后提供了2次相关资料,但是经过1年冻结时间,在2024年12月经法院判决,该笔资金被依法强制划扣充公。 本人随后通过邮件、微信、电话,反复向嘉盛平台说明相关情况,提交公安机关提供的情况说明、法院的判决书以及平台要求提供的其他资料。但客服回应均是"资料已上交并反馈相关部门,请耐心等待",如今5个月时间过去了,至今没有任何实质性进展和回复! 而说来讽刺和打脸的是,当时相同情况的4笔资金,涉及另一家不知名小平台,我在提交资料不到1个月内就给我妥善解决和处理了!相较之下,作为所谓全球老牌外汇平台的嘉盛,仅此1笔问题资金,却对客户推诿敷衍、冷漠以待、毫无担当!如此态度和做事令人寒心!士可忍孰不可忍!而嘉盛至今还在中国大陆抖音开设账号宣传,在金十财经等媒体宣传自己,吸引更多不明真相的投资者,其面目可憎!其*心可诛! 希望借助贵投诉平台,能联系和督促嘉盛平台切实处理本人诉求,并给出合理解释和赔偿解决方案。 同时也希望看到此条曝光内容的广大弱势投资者,擦亮眼睛,谨慎选择平台,不要让我的今天成为你的明天!血汗钱不易,且做且珍惜!
    Translate to English
    +3
    2025-04-26 22:15
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    FX2470200672
    3-6months
    服务器老断网,最长一次断网20分钟
    服务器老断网,最长一次断网20分钟
    Translate to English
    2024-12-04 20:30
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