FOREX.com review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
FOREX.com suits traders who want one account covering forex, CFDs and crypto, and who can accept that a typical 74% share of retail accounts lose money. Regulation runs to FCA, NFA/CFTC and ASIC, and UK balances sit under FSCS up to GBP 85,000.
Key facts
- Best for
- Trading forex, CFDs and crypto on a single commission-free account.
- Minimum deposit
- $100↗
- Markets
- Forex, CFDs, Crypto↗
- Regulators
- FCA, NFA/CFTC, ASIC↗
- Investor protection
- FSCS up to GBP 85,000↗
- Retail accounts that lose money
- 74%↗
- EUR/USD spread
- 1.2%↗
- Features
- Crypto, Demo account, Mobile app
- Pricing model
- Commission-free
- Official website
- forex.com
Facts checked September 26, 2026, 1 source
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- One account covers forex, cfds and crypto.
- UK balances are protected by FSCS up to GBP 85,000.
- A demo account and a mobile app sit alongside crypto trading: crypto, demo account and mobile app.
Cons
- With CFDs and crypto in the account, 74% of retail accounts lose money.
- The $100 minimum deposit is above bunq's €10 and CFI's $0.
Who it suits
- Traders comfortable with currency markets who want CFDs and crypto alongside forex.
- UK residents who want their balance held under FSCS up to GBP 85,000.
- People who can fund a $100 entry and want to practise on a demo account first.
Who should look elsewhere
- CFI, whose minimum deposit is $0, if you want to test a platform without a deposit barrier.
- bunq, where the minimum deposit is €10, if a smaller entry point matters more to you than trading markets.
- Fiesta Credito MX, regulated by CONDUSEF, for readers in a single market rather than a multi-market trading account.
Deposit protection
FOREX.com is regulated by FCA, NFA/CFTC and ASIC, so the firm answers to named supervisors in each of those markets rather than operating outside them. UK client balances are covered by FSCS up to GBP 85,000, the safeguard that matters most if the broker cannot return the money. Check which entity your account opens with, since cover depends on where you are registered.
How FOREX.com compares
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Where FOREX.com is available
Frequently asked questions
How much does it cost to trade on FOREX.com?+
Pricing is commission free, so the main cost is the spread, listed at 1.2% on EUR/USD. There is no separate ticket charge on a trade, but a wider spread costs more on every position, so size and holding period both matter.
How much do I need to put in to start?+
The minimum deposit is $100. That is above the entry points some rivals ask: CFI lists $0 and bunq lists €10. If the amount you can commit is the deciding factor, those two are worth looking at first.
Is my money protected if something goes wrong?+
UK client balances are covered by FSCS up to GBP 85,000. The firm is regulated by FCA, NFA/CFTC and ASIC, so the account sits with an entity that answers to a named supervisor. What you are entitled to depends on the entity your account opens with, so check that detail before funding.
What markets can I trade?+
The account covers forex, cfds and crypto, so currency pairs sit alongside CFDs and crypto in one place. That suits a trader who wants several kinds of exposure without opening separate accounts. It is not a savings account, and the 74% share of retail accounts that lose money is worth reading before the first deposit.
Can I try the platform before using real money?+
The features listed include crypto, demo account and mobile app, which covers a demo account, a mobile app and crypto. Practise on the demo until the spread feels familiar, then fund the live account with the $100 minimum. The app means you are not tied to a desktop.
Is FOREX.com available to UK traders?+
UK clients are regulated by the FCA and hold FSCS up to GBP 85,000. The listed regulators also cover the US and Australia, so readers outside the UK are looked after by their own regulator's rules instead. Which protections apply to you follows the entity your account is opened with.
Who is this account built for?+
It fits a trader who wants currency, CFDs and crypto on one account and can fund $100 to begin. It is a poor fit for someone putting savings away, since 74% of retail accounts lose money. A cash account suits money that should stay put.
How do I compare FOREX.com with other brokers?+
A short list does most of the comparing: the minimum deposit of $100, the commission-free pricing, and the 1.2% spread on EUR/USD. Add FCA, NFA/CFTC and ASIC, since supervision decides which complaints route applies to your account.
Sources
- compareforexbrokers.com/reviews/forex-com-review checked September 26, 2026
Backs: EUR/USD spread, Features, Investor protection, Markets, Minimum deposit, Pricing model, Regulators, Retail accounts that lose money, Licences
“Its standard account advertises an average 1.2 pips with no commission”
Compiled from 1 source page, checked September 26, 2026. We did not open an account.
Not confirmed yet: Stock trade fee, Account fee, Inactivity fee.