FOREX.com review
FOREX.com was founded in 1999 as a GAIN Capital brand and has operated under StoneX Group Inc. (NASDAQ: SNEX), a publicly traded, Fortune 100 financial services company, since StoneX acquired GAIN Capital in 2020 for roughly $236 million. Its regulatory footprint is unusually wide and, importantly, split by product: the CFTC-registered, NFA-member US entity trades spot forex, US and global stocks (via a separate StoneXOne account) and futures, but not CFDs, which US derivatives rules do not permit for retail clients. Separate entities regulated by the FCA, ASIC, MAS, CIRO, the JFSA and CySEC offer CFDs to clients outside the US. Trading runs through MetaTrader 4/5, TradingView, NinjaTrader and a proprietary Advanced Trading platform, across roughly 5,500 tradeable symbols.
FOREX.com key facts
- Website: www.forex.com
- Category: Forex, CFD and multi-asset broker
- Founded: 1999
- Headquarters: Bedminster, New Jersey, US
- Parent company: StoneX Group Inc. (NASDAQ: SNEX)
- US regulation: CFTC and NFA — spot forex, stocks and futures, no CFDs
- International regulation: FCA (UK), ASIC (Australia), MAS (Singapore), CIRO (Canada), JFSA (Japan), CySEC (Cyprus)
- Platforms: Advanced Trading Platform, MT4, MT5, TradingView, NinjaTrader
- Minimum deposit: $100
- FYI Score: 93/100 (ranked #13 of the 136 CFD brokers we track)
Regulation & licences
- US clients are served by a CFTC-registered, NFA-member entity trading spot forex, futures and (via a separate StoneXOne account) stocks; US derivatives rules do not permit retail CFDs, so no CFD product exists for US accounts.
- Non-US entities hold seven Tier-1 licences in total: the FCA (UK), ASIC (Australia), MAS (Singapore), CIRO (Canada), the JFSA (Japan) and CySEC (Cyprus), alongside the US CFTC registration, plus further Tier-2 to Tier-4 licences in other jurisdictions.
- These non-US entities can offer CFDs, with one European entity listing as many as 7,000 CFD instruments.
- Parent company StoneX Group Inc. is Nasdaq-listed (SNEX), giving the group public financial disclosure.
Spreads & fees
- Standard account spreads average around 1.0 pip on EUR/USD with no separate commission.
- RAW Spread accounts offer roughly 0.137 pip raw spreads plus a per-lot commission for active traders.
- $100 minimum deposit.
- Independent reviewers rate standard-tier pricing as average rather than best-in-class outside active-trader discount tiers.
Platforms & tools
- MetaTrader 4 and 5 are available to both US and international clients, including a newer MT5 rollout for US and Canadian accounts.
- Proprietary Advanced Trading desktop and web platforms with TradingView charting integration.
- NinjaTrader support for futures and advanced order types.
- In-house Trading Academy plus daily market research and video updates.
Markets & account types
- About 5,500 tradeable symbols in total, including roughly 80 forex pairs.
- CFDs on commodities, metals, indices and crypto are available through non-US entities; US accounts trade spot forex, stocks and futures instead, with no CFD product.
- Stock and futures trading requires a separate StoneXOne account rather than the core forex/CFD account.
- Client base spans more than 400,000 retail accounts across roughly 180 countries.
Markets
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Platforms
Advanced Trading Platform, MetaTrader 4, MetaTrader 5, TradingView, NinjaTrader
Who FOREX.com is for
Suits traders who want a long-established, heavily regulated broker with a choice between MT4/MT5 and a proprietary platform. US-based traders get spot forex, futures and stocks (via a separate StoneXOne account) but no CFDs; traders onboarded outside the US get a broader CFD product set through a different legal entity.
Pros
- Backed by StoneX Group, a Nasdaq-listed (SNEX) Fortune 100 financial services company with public financial disclosure.
- One of the broadest Tier-1 regulatory footprints in the category, spanning CFTC/NFA, FCA, ASIC, MAS, CIRO, JFSA and CySEC.
- Broad platform choice: MT4/MT5, TradingView, NinjaTrader and a proprietary Advanced Trading platform.
- Deep market range at roughly 5,500 tradeable symbols.
Cons
- US retail clients cannot trade CFDs at all — only spot forex, futures and stocks — a structural limit under US derivatives law, not a broker choice.
- Standard-account spreads are average rather than industry-leading; tighter raw pricing requires the commission-based account tier.
- Product access (CFDs, crypto CFDs, leverage caps) depends on which regional entity a client is onboarded to, which complicates like-for-like comparison.
- Stock and futures trading requires a separate StoneXOne account rather than the core forex/CFD account.
FOREX.com FAQ
Is FOREX.com regulated?
Yes, but the regulator depends on the entity. The US entity is registered with the CFTC and is an NFA member. Non-US entities hold seven Tier-1 licences in total, including the FCA (UK), ASIC (Australia), MAS (Singapore), CIRO (Canada), the JFSA (Japan) and CySEC (Cyprus), plus further lower-tier licences elsewhere.
Can US clients trade CFDs on FOREX.com?
No. US retail clients cannot trade CFDs on FOREX.com or any other US-regulated broker, since US derivatives rules do not permit retail CFD trading. US accounts trade spot forex, futures and (via a separate StoneXOne account) stocks instead.
Who owns FOREX.com?
FOREX.com is owned by StoneX Group Inc. (Nasdaq: SNEX), a publicly traded Fortune 100 financial services company that acquired the brand, along with GAIN Capital, in 2020.
What trading platforms does FOREX.com offer?
MetaTrader 4 and 5, a proprietary Advanced Trading web and desktop platform, TradingView charting, and NinjaTrader for futures and advanced order types.
Compare FOREX.com with other CFD brokers
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