FOREX review

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this review we compared FOREX with competition based on ⏩ fees, spreads, offer of trading assets and experience of traders. FOREX legally operates in the United Kingdom thanks to FCA, CIMA, FFAJ and NFA license.


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 FOREX review

About the broker

Web:forex.com
Readers' rating0 Votes
0
License:FCA CIMA FFAJ NFA
Supported languages:English
Year of foundation:2001
Holder: GAIN Capital UK Ltd.
Headquarters:Bedminster One 135 US Highway 202/206 Suite 11 Bedminster, NJ 07921, United States
Methods of contacting customer support:E-mail, phone
Contact:[email protected] 1.877.367.3946
Deposit methods:VISA, MasterCard, Local Bank transfers, Maestro
Withdrawal methods:VISA, MasterCard, Local Bank transfers, Maestro

About trading with FOREX

Minimum deposit:50 USD
Min. trade:0.01
Spreads:Look at the spread table - spread on the currency pair EUR/USD is 0.9 pips * on a standard account type
Underlying assets:
Might be a CFD.
Forex (80), cryptocurrencies (5)
Mobile app: Yes
MetaTrader 4:Yes
Other trading platforms:Forex.com Trader, WebTrader
Social trading:No

Spreads & fees

Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at FOREX, of course you can find current info on their website forex.com.

Spreads at FOREX on standard account*

EUR/USDGBP/USDUSD/JPYEUR/GBPUSD/CHFEUR/JPY
0.92.30.8

* Spread was taken 17.01.2020 at 21:21 from the web or trading platform of FOREX.

Random reviews of competing CFD brokers: WesternFX, Bithoven, GlobalFXM and DAX100

The broker has not yet been rated by the visitors of the website. Write a review.

Frequently Asked Questions

🧐 Is FOREX a scam?

We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if FOREX is a scam or not.

🆓 How to open a free demo account?

Opening a demo account with FOREX is very simple, just register on their website.

📱 Does FOREX offer the best mobile app for trading?

FOREX offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.

We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the FOREX mobile app.

⚖️ Would you recommend me FOREX?

FOREX is one of tens (possibly hundreds) of brokers operating in the United Kingdom, and that's why it makes no sense to choose FOREX as a broker where you trade before you compare it with competitors.

Is this an ad?

We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.

BrokerEnglishMin. depositSpread EUR/USD*PlatformsLicense
Readers' rating5 Votes
81
100 EUR 0,8pips
Spread was taken 10.03.2021 at 10:18 from the web or trading platform of Admirals.
MT4, MT5, MT Supreme EditionFCAASIC CySecadmirals.comreviewEUR/USD*: 0,8pips
Spread was taken 10.03.2021 at 10:18 from the web or trading platform of Admirals.
Readers' rating100 Votes
79
100 USD 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
In-house built platformFCAASICCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
Readers' rating46 Votes
75
200 USD 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
In-house built platform FCAASICCySecetoro.comreview EUR/USD*: 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.

* The spread is variable for most brokers and changes depending on market volatility.


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.

Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by IQ Option - 84% of retail CFD accounts lose money - advertising partner.

Selecting an unsuitable broker can put even a great trader at a loss.

That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.

If you have any experience with FOREX, please share it in the comments to help others to choose the suitable broker.

FOREX review & user ratings

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Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
Spread and fees
Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
Customer support speed, availability, availability in the language you speak
Total score

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