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FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
Though it’s not a discount broker unless you trade larger volumes, FOREX.com’s multi-asset offering will appeal to forex traders of all experience levels.
FOREX.com pros & cons
Pros
- FOREX.com’s parent company StoneX is publicly traded (NASDAQ: SNEX) and regulated in seven Tier-1 jurisdictions, one Tier-2 jurisdiction, and one Tier-4 jurisdiction.
- FOREX.com’s Trading Academy won our 2024 Annual Award for #1 Interactive Educational Experience.
- FOREX.com produces high-quality video content, including its Daily Market Update and Weekly Technical Outlook as well as short educational pieces covering niche topics (i.e., doji candlesticks) and videos covering technical and fundamental analysis.
- With a wide range of markets available, FOREX.com’s multi-asset offering shines the most on its flagship Advanced Trading (desktop) and Web Trading (browser) platforms.
- Web Trader features TradingView’s advanced charting, which is fully integrated and conveniently accessible through the same username.
- With FOREX.com’s acquisition of Chasing Returns, performance analytics are now available to live account holders for free.
- MetaTrader 5 was recently launched and available to traders in the U.S. and Canada.
Cons
- Only about 600 instruments are available on FOREX.com’s MT4 platform, compared to over 5,500 on its non-MetaTrader platforms.
- Outside of its RAW account and active trader pricing for high-volume traders, FOREX.com’s average spreads are a bit higher than the best low-cost forex bro
Offering of investments
The products and services available to you at FOREX.com will depend on your location, and on which of its regulated entities holds your account. For example, while CFDs are not available in the U.S. due to regulatory issues, FOREX.com offers an impressive selection of over 4,500 CFDs for traders living outside of the U.S. FOREX.com offers CFDs for commodities and metals, though spot metals (like gold and silver) are unavailable to traders in the U.S. Also, knock-out options are now available at FOREX.com in Japan, Singapore, and Australia.
Cryptocurrency: Cryptocurrency trading is available at FOREX.com through CFDs, but not available through trading the underlying asset (e.g., buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker’s U.K. entity, nor to U.K. residents.
The following table summarizes the different investment products available to FOREX.com clients.
