FOREX.com
by StoneX Group
Professional forex and CFD trading trusted by 400,000 traders
Score
Score
Our verdict
FOREX.com is one of the most established and heavily regulated online forex brokers, operating under StoneX Group with oversight from seven Tier-1 regulators including the CFTC, FCA, and ASIC. The platform excels at combining institutional-grade tools — TradingView integration, MT4/MT5, REST API access — with a genuinely beginner-friendly Trading Academy. Standard account spreads sit above the industry average, but RAW Pricing accounts bring EUR/USD costs down to 0.13 pips with a transparent $7/100k commission, making it highly competitive for active traders. With 80+ forex pairs and a Trustpilot rating of 4.7/5, FOREX.com earns its position as a top-tier US forex broker.
Overview
Screenshot
Score breakdown
Overall score
Scores are editorial assessments by the Compare Best AI team on a 0–10 scale.
Expert review
CBAI Editorial Team
Compare Best AI · Editorial Team
FOREX.com, operated by StoneX Group Inc. (NASDAQ: SNEX), has been a cornerstone of US retail forex trading since 1999. With regulatory licences across seven Tier-1 jurisdictions — CFTC/NFA (US), FCA (UK), ASIC (Australia), CySEC (Cyprus), MAS (Singapore), JFSA (Japan), and CIRO (Canada) — it stands among the most trustworthy platforms for retail traders globally.
How we tested
Days tested
14 days
Tasks evaluated
- ·Evaluated platform ecosystem: proprietary web, MT4, MT5, TradingView, NinjaTrader
- ·Compared RAW vs Spread-Only account cost structures
- ·Tested Trading Academy content quality and depth
- ·Reviewed execution speed and fill rate data
- ·Compared spread costs vs IG and OANDA
- ·Reviewed 1,500+ Trustpilot reviews
Method
Regulatory credentials, platform features, and pricing benchmarked against IG and OANDA
Reviewer
CBAI Editorial Team
Plans & pricing
Spread-Only
Beginners and casual traders
- Minimum deposit: $100
- EUR/USD spread from 0.8 pips (avg ~1.3 pips)
- No commission charges
- Access to proprietary web and mobile platform
- TradingView-powered charts included
- 80+ forex pairs available
- Economic calendar and Reuters news
- Free $50,000 demo account
- RAW (near-zero) spreads not available
- Volume rebates not included
RAW Pricing
Active and professional traders
- Minimum deposit: $100
- EUR/USD spread from 0.0 pips (avg ~0.137 pips)
- $7 commission per $100k traded ($3.50 per side)
- All-in cost ~1.13 pips on EUR/USD
- Volume rebates: $2-$9 per million traded
- VIP benefits unlocked at high volume
- Active Trader cashback program
- Priority customer support
- Full access to all research and education tools
MetaTrader Account
MT4/MT5 platform traders
- Minimum deposit: $100
- EUR/USD spread from 1.0 pips
- No commission on standard MT account
- Full MetaTrader 4 and MT5 compatibility
- Expert Advisor (EA) and automated trading support
- TradingView charts not natively embedded
- Fewer instruments than native platform
Demo Account
Practice and strategy testing
- $50,000 virtual funds
- Full platform access for 90 days
- Live market spreads and conditions
- No risk to real capital
- All major platforms available
- Limited to 90-day trial period
- Cannot carry positions to live account
Pricing may vary by region. Always verify on the vendor's website.
Feature comparison
| Feature | FOREX.com | IG | OANDA |
|---|---|---|---|
| Account & Costs | |||
| Commission-free account | |||
| RAW / ECN pricing account | |||
| Volume rebate programme | |||
| Platforms & Tools | |||
| MetaTrader 5 | |||
| TradingView integration | |||
| REST API access | |||
| NinjaTrader support | |||
| Markets & Instruments | |||
| 80+ forex pairs | |||
| Swap-free (Islamic) account | |||
| Research & Education | |||
| Trading Academy / education hub | |||
| Reuters news feed | |||
Is it right for you?
Good fit for
US Forex Traders
FOREX.com is one of the few major brokers with full CFTC/NFA regulation, making it a go-to choice for US residents who need compliant, well-capitalised broker access.
Active Scalpers
RAW Pricing accounts with EUR/USD spreads from 0.137 pips and commission rebates up to $9/million make FOREX.com cost-effective for high-frequency trading strategies.
Beginner Traders
The award-winning Trading Academy gives newcomers one of the richest learning environments available at any retail broker.
Multi-Platform Traders
With MT4, MT5, TradingView, NinjaTrader, and a proprietary platform all under one account, FOREX.com suits traders who switch tools or run strategies across multiple environments.
Algo & API Traders
The REST API alongside full MT5 EA support means systematic traders can automate strategies without needing a third-party bridge.
Less suited for
Ultra-Low-Cost Traders
Traders purely chasing the lowest possible all-in costs will find tighter spreads and lower commissions at specialist ECN-only brokers on standard accounts.
Inactive / Casual Traders
The $15/month inactivity fee after 12 months makes FOREX.com costly for traders who only dip in occasionally or take long breaks.
Crypto-First Traders
With only 8 cryptocurrency CFD pairs and no spot crypto trading, FOREX.com is unsuitable for traders whose primary focus is digital asset markets.
Zero-Deposit Traders
Unlike OANDA (no minimum deposit), FOREX.com requires a $100 minimum deposit, which may be a barrier for traders wanting to start with very small capital.
User reviews
Editorial score
Distribution is estimated from our editorial score. Verified user reviews coming soon.
Use cases
Typical ways teams rely on this tool — from everyday tasks to specialized workflows.
- Day Trading Forex
- Swing Trading
- Algorithmic Trading
- Forex Education
- Multi-Asset CFD Trading
- High-Volume Active Trading
Integrations
Reported connectors
Apps and services commonly connected out of the box or via official connectors.
- MetaTrader 4
- MetaTrader 5
- TradingView
- NinjaTrader
- Reuters News
- REST API
- StoneXone
Details
Category
Price
- Spread-Only (no commission)
- RAW $7/100k traded
Free version
Best for
- Retail forex trading
- CFD trading across markets
- Cost-sensitive spread/commission comparison
Frequently asked questions
FOREX.com
Finance & Trading
Ready to get started?
Visit the FOREX.com website to explore plans and pricing.
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