In this FOREX Review, we are going to take a look at the offer that this broker prepared for its traders. FOREX is regulated by the FCA in the UK. FOREX operates on the financial market since 2001. When it comes to trading platforms, the broker features Forex.com Trader and WebTrader and MetaTrader 4. The FOREX minimum deposit is 50 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this FOREX Review
Website address: | forex.com |
Operated by: | GAIN Capital UK Ltd. |
Licensed and authorised by regulatory bodies: | FCA CIMA FFAJ NFA |
Supported languages: | English |
Customer support available via: | E-mail, phone |
Contact details: | [email protected] 1.877.367.3946 |
Available deposit methods: | VISA, MasterCard, Local bank transfers, Maestro |
Available withdrawal methods: | VISA, MasterCard, Local bank transfers, Maestro |
Minimum deposit: | 50 USD |
Min. trade in lots: | 0.01 |
Spreads: | Typical spread on the currency pair EUR/USD - 0,9 pips * on standard account type |
Tradable assets: Might be a CFD. | Forex (80), cryptocurrencies (5) |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | Forex.com Trader and WebTrader |
Social trading: |
FOREX Fees (typical spreads)
We have scanned fees (typical spreads) that FOREX charges when trading popular currency pairs, here is their breakdown in pips.
EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
---|---|---|---|---|---|
* | 0,9* | * | * | 2,3* | 0,8* |
*Typical spreads were recorded on 17.01.2020 at 21:21 for the standard account. FOREX spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: OlympusFx, RoboForex, 70Trades and KhweziTrade
Frequently Asked Questions
🧐 Is FOREX a Scam?
FOREX is a broker licensed and regulated by the FCA, CIMA, FFAJ and NFA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that FOREX is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the FOREX minimum deposit?
In order to start trading with FOREX, you have to deposit at least 50 USD.
📵 What deposit and withdrawal methods FOREX supports?
⚖️ Would you recommend me choosing FOREX?
We don’t have our own personal experience with FOREX. However, because the broker is regulated by the FCA, CIMA, FFAJ and NFA, there is a high chance that it is not a scam. With that being said, it still does not mean that FOREX is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.