FOREX.com Review and Information 2023

	FOREX.com
Voting Rating	FOREX.com does not participate in the Forex Rating Submit Forex Broker
Reviews Rating
Regulation	NFA, CFTC, FCA, ASIC, FSA, IIROC, SFC
Trading software	MetaTrader4, FOREXTrader PRO, FOREXTrader
Headquartered	Bedminster One, 135 US Highway 202/206, Suite 11, Bedminster, NJ 07921, USA

FOREX.com is a global leader in online currency and CFD trading for private traders in the world. The broker started its operations in the international financial markets in 2001 and since then has become an industry leader. The company team strives to deliver highly competitive pricing, reliable trading orders execution and innovative trading instruments to help their customers to be successful in trading on the most important financial markets of the world.

The broker pricing is very competitive, reliable and absolutely transparent. The broker team spent more than ten years investing in informational technologies and elaborating a liquidity network of trading partners, therefore the broker is able to consistently quote tight spreads, in any kind of financial market conditions.

At FOREX.com a trader is having affairs with a stable, reliable, strong and safe broker. The FOREX.com parent company is GAIN Capital Holdings is listed on The New York Stock Exchange. That is why FOREX.co meets the highest possible standards of corporate governance and financial reporting.

The broker team continuously strives to offers their clients the best trading and investing tools and resources to help them trade profitably in the global markets. FOREX.com provides several trading platforms and all kinds of traders will find software suitable especially for them.

The quality of orders execution may impact trading profit as much as tight spreads. At the broker every aspect of the trade process is automated, with the aim to ensure the clients trades are executed extremely fast, without any manual interference, and at the price a trader expects is a better one. The broker consistently executes 99.9% of all trades in less than a second, with a medium execution speed of only sixty milliseconds.

When the market moves to a trader favor, the FOREX.com trading technology automatically executes a client’s trade at a better price. And the broker is successful at this: Last year, one hundred percent of orders were executed at the requested price or even better, with 65% of orders getting improvement of price.

FOREX.com Trading Information 2023

WWW	http://www.forex.com/
Address	Bedminster One, 135 US Highway 202/206, Suite 11, Bedminster, NJ 07921, USA
Headquarters	Bedminster, NJ
Free phone	1.877.367.3946 (US)
24 hour support
Partnership programs
Trust management
Free education
Mobile trading
Automated trading
Demo account
24/5 trading
Accepts US traders
Scalping
PAMM
Digits after the dot in quotes	5
Minimum position size	1
Spread Type	variable
Pip spread on majors	1.1-1.3
Maximum Leverage	50
STP, $
ECN, $
Standard account, $	2500
Mini account, $	500
Popular payment methods	Wire Transfer, Check, PayPal
Account currencies	EUR, USD, GBP, AUD, CHF, JPY
Available assets	Spot Metals (US unleveraged trading, UK and AU leveraged trading), CFDs (UK and AU only)
Languages	English, Chinese, Japanese, Russian, Arabic, German
Platforms	MetaTrader4, FOREXTrader PRO, FOREXTrader
Broker type	Broker, MM
Regulation	NFA, CFTC, FCA, ASIC, FSA, IIROC, SFC
Foundation	1999
Bitcoin Forex Brokers

FOREX.com Reviews and Comments

Avoid this platform. At key times when economic data drops and you need access to your account to trade around the latest data the system will go down for up to an hour, you lose most of your equity and they ignore your customer support claims. Look for another firm with better systems capabilities.
Jeff 10 Nov 2022 Reply

Don't waste your time trying to deal with Forex.com in my experience this investing platform do not appreciate your business and do not appreciate you're putting your money in their hangs. Since I try to open an account they never have the courtesy to call me as a customer who's trying to invest in their platform, if you call them be prepare to waste time on the phone until someone answered if they don't hang up the phone after you been waiting for almost 30 minutes forcing you to call them again, their people do not show any effort or empathy in trying to help you because at the end of the day they supposed to be grateful you want to put your money in their hangs but even though their customer service it's the same like a Federal Employee in a Food stamp office or any other one who their people only care about their pay check and do not interested to service as a customer service.
Carlos Parga 19 Jul 2022 Reply

I opened this account with forex.com back in May of 2021. I was able to trade once, I lost a good chunk of change. Then I try to trade again and my trade is disabled, so I have a web chat with them to see what is going on with that they send me an account closing form, would not give me a reason as to why. Now they will not send me my money back. Granted, it's $154, but it's MY money. My original bank account had closed down due to my finances during covid 19, and now they won't send my money. They give me some piff about money laundering. So if I was a money laundering trying to wash $154, not saying I am, because who would try to wash only $154 is not worth the risk in my eyes, does that give you the right to steal someone's money?
Stephen Walsh 27 Apr 2022 Reply

Do not do it. Don't make the mistake of ignoring all these reviews. I know I should have not. They are the worst for refunds, they accept your deposits quickly and painlessly, but try to withdraw your funds! Then they will give you all sorts of scripted excuses. Save yourself the trouble, time and money and deal with a well reputed broker. They will keep telling you that they are a registered and legitimate broker, so does that guarantee they wont try to scam you !! I know first hand and many others that have reported here and on other feedback platforms. Never ever again.
Guest 17 Mar 2022 Reply

Award-Winning NDD Execution

All client trades are executed with No Dealing Desk* intervention. Most trades are filled in under 10 milliseconds, with up to 2,000 trades executed per second.

This is meant to be informative, this review is for beginners and intermediate traders. I was able to deposit money using ACH meaning they just take it directly from your bank account this took seconds! Now for the not so good! I was so excited to trade and immediately I realized the spreads on all pairs were in there 50’s to 100’s on basic pairs like usd/cad etc! I thought ok well it must be the wrong time so I waited and waited hours turned into days!! The spreads are still that high to this day!! There are hidden rules, please read. when you place trades: let’s say you placed 4 trades right, two are in profit you can not take the profits until you close out the losses first!!!! This was huge to realize… the leverage is so tight at 1:50 even wouldn’t let me place more then (4) 0.01 micro lots on a medium sized capital account not like I was trading a hundred dollars! Also I am currently trying to get my money back into my account I was told it’ll be 7 days for the withdrawal due to regulations on ACH! My thing is you took the money in seconds but you can’t let me withdraw until 7 days! If your a beginner please hear me please I know this may be common knowledge to most experienced traders but you will not be able to place buy and sell at the same time with this broker, so if you place a trade and try to offset the loss with placing another trade going in the opposite direction you will not be able to. One position eithier all buy or all sell. One more and final thing. I am experienced I’m no novice as this is my job. If you place a trade that you know is 100 percent going to work for the most part they will take at least 40 min to do the right thing and put you in profit and once your in profit it’s only a blink of the eye and it’s gone! Or they will sniff your position and build the tiniest tiniest tiniest candle just so you will get the smallest profit. this has happened almost every time I placed a bid! I am being honest this has been a not so good experience and I’m hoping to get my withdrawal which is my money! BTW I’m looking at the spreads now they are all 50 and higher!
Helena Cameron 7 Mar 2022 Reply

Thanks Elena for your value information but at the same time I feel so sorry for you bad experience I was almost to begin in doing business with this people I request to open an account and they begin giving me hard time with the source of my income requesting me prof how I get my money but even though after giving the prof where my is the source of my money they still need more information I call them multiple time and make me waste my time on the phone they have very poor customer service and they do not appreciate you putting your money in their hands.
Carlos Parga 19 Jul 2022

No stop loss allowed. No customer service.

Edmf 5 Mar 2022 Reply

Beware, do not use this joker of a broker. Incompetent and untrustworthy. It takes too long for deposits and withdrawals. Insanely high spreads and no rollover interests. They are constantly withdrawing money from your account that is way higher than other brokers. They close your account if you start making money. You have been warned.
guest 3 Mar 2022 Reply

Stay away from them, manipulatiing in executing orders, they will try to push you to deposit as much as possible to get the perfect leverage, don't deposit much because I took my money after enforcing them through FINRA & CFTC, customer services disconnect call when it comes to withdrawal or chatting would take forever, they will avoid returning your money back as much as possible, very dirty business and management. stay away from them, sorry there is no better words to explain the dark experience with them. Stay away and be very careful approaching them. When you try to withdraw your money they will keep change the last digits of your bank account or any bank account you add for deposit, they will do anything to keep delaying your withdrawal, it took me more than a month and they will show you wrong number of your bank account, they manipulate your bank account intentionally to keep delaying. Totally horrible experience and people, be very careful.
Abdul 20 Jan 2022 Reply

Take a look at 12/21/2021 between 5pm and 6:30pm. It was no chance for customers to close or open positions during this time due to high volume. Forex.com is a complete garbage service with useless customer service, worst connection to server and execution of orders. Every time volume start to come in - they block all trading and you have to wait until it ends. And customer service just saying - sorry, it's a part of the risk. Really? -Sorry? Forex.com never skip a commission charge, but when it's time to close profitable position they just cut off connection and apologize. Who need your apology, give me my 100 pips I earned! Stay away from this circus at all cost! It's 2021, excuse like - market closing volume is too high for the servers have no right to be in this conversation and be used by customer service. Who literally don't care and simply silent when you ask them questions in person.
Mike 21 Dec 2021 Reply

I don't normally leave bad reviews but this broker forced my hand, I had withdrawal problems and was patient with them for as long as I could hoping they would rectify it, but they did nothing.
Benny 19 Nov 2021 Reply

They robbed me about $100. My account was blocked and they told me they will return the money to its origional source it was transferred from because I could not access my account. Then I was scammed about $100. Bunch of scammers these ones. And they did not tell me about any additional charges for withdrawal.
Phenyo 24 Aug 2021 Reply

Instead of investing in this company, buy lottery tickets. I rate them at 1 star.
Henry James 26 Jul 2021 Reply

I have a deposit pending for nearly 30 days now. When I call to find out what is wrong the claim to need more info (ssn, address etc.) and I provide it. Each time I call they want something different until recently when they started asking for info that I have already provided. I being sent a wild goose chase and they are keeping my money tied up and unavailable. Nobody at Forex.com seems to want to fix this.
Jim 11 Apr 2021 Reply

Same, this broker eat my money 10000$.
Zahra Tariq 6 Jul 2021

This broker is the worst scam since the world was created. Nobody in the whole world can make profit higher than brokers total charges in the whole world in the long run only short term false profit. 100% impossible for anyone to make forex profit in the long run. Facts.
Philip 25 Jul 2021

Bad. I think, all the good reviews here are paid for. I got the impression that no matter how you trade, they always work against you, making profitable trade impossible. Hidden rules, bad executions. I can not close a profitable trade but ok to close once it becomes unprofitable, Nice! how do you like that. This company deserves to be investigated by authorities.
John 29 Jul 2020 Reply

You are absolutly right, this platform will always go against you.
Nona 9 Nov 2021

XM Human Broker - Transparent, Fair and Focused on the Client

No hidden terms in pricing, execution, or promotions. Same quality of services, market order execution and level of support for all clients regardless of investment size, investment goals and financial situation. Easy and convenient systems for opening and managing account(s), for depositing or withdrawing funds. and for trading the international markets.

After a short period of smooth trading problems began. It is impossible to close or change orders for a few seconds, which is critical. While the Internet connection is fine with me. I had enough of this and I will not trade more with them. Withdrawal took almost 2 weeks! The support did not respond more than 6 business days. While waiting for the withdrawal, I've read about them, I realized that I was not the only one with such issues. In general, I do not recommend to risk and spend your nerve on them. This is an absolutely unprofessional broker, it's a torture to with them.
Axel 22 May 2019 Reply

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