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FOREX.com Forex Broker keeps up-to-date with the latest trading account information, including RAW Spread, MetaTrader, Standard maximum leverage of --, trading varieties, and more
Rating Index
Pros
Reliable regulation by multiple tier-1 authorities, ensuring a high level of security for traders.
Fast order execution with an average speed of 0.04 ms, which is beneficial for active traders.
Extensive educational resources, including webinars and market analysis tools, catering to traders of all experience levels.
Cons
High minimum deposit requirement of $1,000, which may not be suitable for novice traders.
Limited options for fund deposits and withdrawals, with some discrepancies in the terms stated.
Large fixed commission for withdrawing funds, which can be a drawback for frequent traders.
FOREX.com broker Accounts
RAW Spread
Environment
AAA
Currency
--
Maximum Leverage
--
SupportedEA
Minimum Deposit
--
Minimum Spread
as low as 0.0
Depositing Method
(6+) Neteller Skrill
Withdrawal Method
(3+)
Minimum position
--
Commission
$5 USD commission per $100k USD traded
Products
--
MetaTrader
Environment
AAA
Currency
--
Maximum Leverage
--
SupportedEA
Minimum Deposit
--
Minimum Spread
as low as 1.0
Depositing Method
(6+) Skrill Neteller
Withdrawal Method
(3+)
Minimum position
--
Commission
None
Products
Forex Indices Commodities Stock CFDs (MT5 only)
Standard
Environment
AAA
Currency
--
Maximum Leverage
--
SupportedEA
Minimum Deposit
--
Minimum Spread
as low as 0.8
Depositing Method
(6+) Neteller Skrill
Withdrawal Method
(3+)
Minimum position
--
Commission
None
Products
Forex Indices Commodities Cryptocurrencies Stock CFDs ETFs
FOREX.com Account Type
FOREX.com offers a variety of trading account types to cater to different trading styles and preferences. The main account types include:
- Standard Account
- Minimum Deposit: $100
- Features: Ideal for casual traders, offers variable spreads starting from 0.8 pips, access to over 80 currency pairs, and no commission fees.
- Platforms: Available on the proprietary platform, MetaTrader 4, and MetaTrader 5.
- Commission Account
- Minimum Deposit: $100
- Features: Best for traders seeking tight spreads, with spreads starting from 0.2 pips and a fixed commission of $5 per lot traded.
- Platforms: Available only on the proprietary platform.
- Direct Market Access (DMA) Account
- Recommended Balance: $25,000
- Minimum Trade Size: 100k
- Features: Designed for serious high-volume traders, offers maximum control with no spread but a standard commission. Not available on MetaTrader.
- Demo Account
- Validity: 30 to 90 days
- Features: Risk-free environment with virtual funds to practice trading strategies.
- Islamic Account
- Currently, FOREX.com does not offer a swap-free Islamic account.
FOREX.com Broker Account Opening Process
Opening an account with FOREX.com involves several straightforward steps:
- Visit the Website: Go to the official FOREX.com site.
- Choose Account Type: Select the preferred live trading account type (Standard, Commission, or DMA).
- Fill in Personal Information: Provide details such as full name, email address, phone number, and country of residence.
- Complete the Application Form: Include additional information like date of birth, employment status, and trading experience.
- Agree to Terms and Conditions: Read and accept the broker's terms and conditions.
- Identity Verification: Submit a government-issued ID and proof of address.
- Fund Your Account: Choose a funding method (bank transfer, credit/debit card, etc.) to deposit the minimum required amount.
- Download the Trading Platform: Install the FOREX.com trading platform or access the web-based platform.
- Start Trading: Familiarize yourself with the platform and begin trading.
FOREX.com Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
FOREX.com accounts can be viewed for products that can be traded -- accounts with a minimum deposit of -- by (2+) (6+) Neteller Skrill.