FOREX.COM Review 2021 – Top Key

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FOREX.COM Review 2021 Overview is a global market leader in Forex trading with more than two decades (1999) of financial market experience. gives access to retail traders and corporates to the world’s largest liquid market, offering Forex, shares, indices, commodities, and more. Trading platforms including its proprietary trading platform, and legendary MetaTrader 4 platform, ninja trader, and many others.

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Top Key Points for in 2021

Founded in 1999, is a publicly-traded company (NASDAQ: SNEX). It’s regulated in 4 top-tier jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs.

Regulated by 4 top-tier regulatory bodies. (FCA, CFTC, IIROC, and ASIC)  making it a safe broker (low risk). It’s part of StoneX Group Inc. which publicly-traded company (NASDAQ: SNEX).

4500+ trading instruments available. Flagship Advanced Trading platform (desktop) and entire MetaTrader suite.

#1 FX broker for USA clients. (CFDs not supported).

Suitable for professional traders with big accounts.

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Is safe or a scam?

No, is not a scam. In fact, in safety measure, is highly trusted and has a good long-term reputation from its customers, and worldwide recognized by industry expert traders. is regulated and authorized by some of the strictest regulatory bodies in financial industries. is authorized by four tier-1 regulatory institutions. These are The Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Investment Industry Regulatory Organization of Canada(IIROC), Japanese Financial Services Authority (JFSA). Its parent company is publicly traded (NASDAQ: SNEX), does not operate a bank. Clients’ money is kept in segregated funds. Only European clients will be able to get compensation funds because of European regulations, and the rest of the world will trade under different regulators.


  • Founded in 1999 serving clients worldwide with a good reputation for more than 2 decades.
  • Regulated by some of the strictest regulatory institutions (FCA, CFTC, IIROC, and ASIC).
  • Clients’ money kept in segregated accounts from the assets of the bank.


  • Compensation fund available only for European clients
  • Lack of negative balance protection for non-EU clients.

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Our review team found that licensed and regulated by 4 top-tier regulatory bodies. (FCA, CFTC, IIROC, and ASIC)  making it a safe broker (low risk). It’s part of StoneX Group Inc. which publicly-traded company (NASDAQ: SNEX).

  • GAIN Capital UK Limited, regulated in UK by FCA (the Financial Conduct Authority) with license number 113942.
  • GAIN Capital Australia Pty Ltd. Is regulated by ASIC (Australian Services and Investments Commission).
  • In japan GAIN Capital Japan Co..Ltd. regulated by The Financial Services Authority (FSA) regulates
  • GAIN Capital Group LLC  regulated by
  • Commodities Futures Trading Commission (CFTC) regulates (dba, which is also a member of the National Futures Association (NFA) In the United States jurisdiction.
  • FOREX.comCanada Limited. regulated by (IIROC) the Investment Industry Regulatory Organization of Canada.
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Offering of Investments gives access to 4,500+ trading products with competitive pricing and quality execution. This would be sufficient enough for most traders if not all, and the tradable instrument range is significantly higher than other brokers. Tradable instrument available to you depends on which global entity under house you are trading with. Like, USA traders can’t trade CFDs and UK traders can’t trade cryptocurrencies.

Cryptocurrency: Cryptocurrency trading is available in form of CFDs. (You can’t buy the underlying asset). And remember cryptocurrency is not available in UK entity nor to UK residence.

The following table summarizes the tradeable instruments available to clients.

Total Instruments 4500+
Cryptocurrency (CFD) Yes (except UK)
Copy Trading No
Forex Pairs 88
Commodities 11
Precious Metals 7
Indices 21
Stocks and Shares 4500+
Cryptocurrencies 8

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Commissions and Fees

Fees: In Forex trading fees are generally of two types. Trading fee and Non-Trading fee.

  1. A trading fee is charged every time when you open a position. Training fees include spreads, commission fees, swaps, and currency conversion fees.
  2. Non-trading fees include deposit and withdrawal fees, and inactivity fees.

Trading Cost: offering three account types, and multiple execution methods, trading fees and commission baris depends on account type and execution model. Account features zero commission types, only spread types or with a fixed commission and very tight spreads. They also offers DMA (direct market access) accounts for high-volume traders. Our review team found that pricing is slightly pricier than industry average, often not the cheapest option, but not a premium option either.

Standard Account: With standard account there is no commissions, the only cost traders have to pay is spreads. Minimum spread at EUR/USD pair is 0.8 pips and tipicaly 1.4 pips. (1.6 pips USA). In addition to this there is also rebate program available for active traders that reduce costs by up to 15%. In order to qualify active trader you need to have at least $10,000 balance or trade at least $25 million (leveraged) within a calendar month. Standard account might not the way we will go for.

Commission Account (for U.S clients): Traders looking for significant reductions on spreads commission account could be a better choice. Commission account offers ultra-tight spreads as low as EUR/USD as low as 0.2 and with a fixed commissions of $5 per 100K traded. There is no metatrader platform for commission account, only proprietary trading platform available. Proprietary trading platform also comes with advanced features and 70+ indicators.
Direct Market Access Account: It is designed for serious traders with high-volume, where the minimum recommended balance is $25,000, trade size 100K.

Commissions Depends on Account type
Variable spread Yes
Minimum Initial Deposit $100
EUR/USD Spread 0.8 – 1.4 pips (1.6pips on U.S)
Rebate program Yes
Commission on Islamic Accounts No
Inactivity Fees Yes
Withdrawal Fees Yes (in a few methods, bank Withdrawal fee $40)

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FOREX.COM : Rebate Program provides rebates to its active traders, To qualify as an active trader you have to deposit a minimum of $10,000 or trade $25M of volume in a calendar month. there are five levels of rebate program available, traders can receive $3 to $10 per million traded, rebates depends on traders monthly trading volume.

  • Level 1: $3 rebate/million for trade 25 to <50 million volume and Average savings 4%
  • Level 2: $4 rebate/million for trade 50 to <100 million volume and Average savings 6%
  • Level 3: $6 rebate/million for trade 100 to <250 million volume and Average savings 9%
  • Level 4: $8 rebate/million for trade 250 to <500 million volume and Average savings 12%
  • Level 5: $10 rebate/million for trade 500+ million volume and Average savings 15%

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Inactivity fees

Yes, charges inactivity fees, if an account has no activities for a continuous period of one year, a charge of $15 per month will be applied.

There is no charge, if:

  1. The account is closed.
  2. Trading activity recommences on the account.
  3. The balance reduced to zero.
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Deposit and withdrawal fees

Although there are no fees while making deposits but you have to pay certain fees for withdrawal using some methods. This is a big drawbacks of broker is their Bank withdrawal fee, in order to withdraw with banks you have to pay a fat $40 withdrawal fee. The fee amount also varies indifferent entity. If you are trading with a small account (under 5k) then you should use another alternative withdrawal method that has less or zero fees.

If you are comfortable with bank payments because it’s more reliable, then you should use a broker that does not charge fees for deposit and withdrawal, XM could be a better option for you. Check out our full review about XM brokers.

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Trading Platforms and Tools

Trading Platforms: broker is recognized for its best class trading platforms and professional-level research tools. It provides traders everything they need from desktop flagship Trading platform to full MetaTrader sutite including MT4 and MT5 platform and also a web trader. In our 2021 Forex brokers list, sets its position higher than its competitors. It offers different powerful trading platforms with multiple order types, an advanced charting system, and powerful indicators that help to enhance the trading experience and achieve the trading goal.

Desktop Platform: Desktop flagship trading platform comes with robust charting package loaded with a huge 139 indicators, 50+ drawing tools, and over a hundred pre-defined automated trading strategies.

Web Platform: has its own proprietary web trading platform best suited for casual traders, which comes with a respectable array of features. Its user interface is modern and responsive and charts are powered by Google TradingView and loaded with nearly 100 indicators, 14 different timeframes, and ten chart types. Traders can easily access market news updates, educational videos, recharge tools, signals, and trading central news with external links are available on their web trading platform. Different charts can be opened through the floating window and save custom individual chart layout as preset, so you can use them in the future.

MetaTrader: MetaTrader is the legendary forex and CFD trading platform recognized by all levels of traders. It’s accessible from all kinds of devices. The desktop version of MetaTrader 4 & 5 gives you control over everything including all advanced types of orders, open positions, use stop loss or take profits, pending orders, or even control expert advisor, test your different trading strategies.

Proprietary Platform Yes
Web Platform Yes
Copy Trading No
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) Yes
cTrader No
Ninja Trade, DupliTrade, ZuluTrade No
Mobile Trading Yes
Indicators 139 (60+ Mobile)
Drawing Tools 50-web, 44-MT5, 24-MT4
Copy Trading Yes
Mobile Trading Yes

Attention: No fees for Deposit and Withdrawal also spread is highly competitive in the XM broker. Read our detailed review about the XM broker. Click Here.
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FOREX.COM :Research Tools offers a wide range of research tools from a combination of in-house and third parties resources including an economic calendar, global market news, multiple news channels, automated pattern-recognition modules from Trading Central. gives access to premium content from trading Central. There is also quality written content available including weekly posts such as its “Currency Pair of the Week” and “Week Ahead” series.

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FOREX.COM :Education provides nearly a hundred written articles for basic to advanced-level traders. Resources like  19 quality beginner articles, webinars, glossary, Market outlooks, and many more.

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Conclusion is suitable for both basic and advanced traders, speacially for more advanced traders with big accounts who want more advance trading with the best popular platforms. And when it comes to trust its regulated by some of the strictest jurisdictions.


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Expert Score 8.4
Trust Score
Commissions & Fees
Trading Platforms & Tools
Mobile Trading
Customer Service
  • 20 Years of Market Experience
  • 4500+ tradeable instruments
  • Regulated by FCA, ASIC, NFA, and more. Protection for European clients
  • Best in class Research tools & multiple trading platforms
  • Average cost
  • Higher bank withdrawal fee
  • No protection for USA & Non-EU clients
FOREX.COM Review 2021 – Top Key
FOREX.COM Review 2021 – Top Key
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