For two reasons. If you fund your account in the same currency as your bank account or you trade assets in the same currency as your account base currency, you don't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers.

Opening an account only takes a few minutes on your phone. Compare digital banks. com charges no deposit fees.

You can only deposit money from accounts that are in your name. Withdrawal at Forex. com is free of charge. Methods for withdrawal are the same as for deposits. How long does it take to withdraw money from Forex. When we tested withdrawal, it took several weeks because we had a problem with credit card withdrawal. The reason for the problem was that Forex. com can't send money to some MasterCard and Visa credit cards. Instead of credit cards, we had to withdraw via bank transfer, but before doing so, customer service had to add and approve our bank account.

It would be great to know in advance which cards are accepted for withdrawal and which are not. com has two web trading platforms, Web Trader and MetaTrader 4. We tested Web Trader because it is Forex. com's own platform, while MetaTrader 4 is provided by a third party. It is extremely customizable. You can easily add, remove, or change the size and position of tabs to create your own unique trading platform.

It also lets you pick between a light or dark theme and between "one-click" or "two-click" trading. com provides only a one-step login. Two-step authentication would be safer here. The web trading platform has good search functions. You can search by typing the name of the product you're looking for or browsing a categorized product list. If you are not familiar with basic order types, read this overview.

The alert function lets you know when an asset reaches a price target. You also get a notification when your orders get fulfilled.

This is a push notification, available on both web and mobile platforms. It is easy to set the alerts and notifications. com has clear portfolio and fee reports. You can find these under the 'Reports' tab and download them in PDF, XLS, XML and CSV. Similarly to the web trading platform, Forex. com provides two mobile trading platforms : Forex.

com's own and MetaTrader 4's mobile trading platform. Both trading platforms are available on iOS and Android. In this review, we tested Forex. com's own trading platform on iOS. The Forex. com mobile app is user-friendly and well designed. However, features were sometimes quite slow to load. The search functions are good.

You can search by typing the name of the asset you're looking for or browse product categories. com offers two desktop platforms, the Advanced Trading Platform and MetaTrader 4. Once again, we tested the Advanced Trading Platform as this is Forex. com's own platform, while MetaTrader 4 is a third-party platform. com's desktop trading platform has the same functionality as the web trading platform.

For example, you can use the same order types or price alerts. On the downside, the desktop trading platform is less user-friendly and the design feels outdated. It was hard to navigate the platform and it felt too crammed with functions. com offers MT4 platforms. If you want to learn how MetaTrader platforms work, read our article. com is a forex broker that also offers some CFDs.

To learn more about CFDs read our CFD trading tips. Note, that the products and services available to you at FOREX. com provides a great number of currency pairs and cryptocurrencies. The stock, stock index, ETF, and commodity CFD selections are also great. However, the exact number of available products differs significantly depending on which Forex. com entity covers you. FCA bans the sale of crypto-derivatives to UK retail consumers from 6 January Changing the leverage manually is a very useful feature when you want to lower the risk of your trade.

Be careful with forex and CFD trading, as the preset leverage levels may be high. Leverage enables traders to 'borrow' capital in order to gain a larger exposure to the forex market. Larger trade size can be controlled with a limited amount of capital.

According to the ESMA regulations, the maximum leverage which can be offered in the EU is , only for major currency pairs. According to the The Commodity Futures Trading Commission CFTC the maximum leverage in the United States is for major currency pairs and for all others.

Margin is the amount of money needed to open a leveraged trade. It acts as a deposit, you only need to pay a percentage of the full value of the position.

A margin rate of 3. You can find Forex. com's research tools on its trading platforms or on the website under 'Market Analysis'. com provides trading ideas based on technical analysis. You can find them on the platform if you click 'Trading Central'.

com has great charting tools. You can easily edit and save your charts. There are around 90 technical indicators and many editing tools, such as Fibonacci retracement and trendlines. It also provides an economic calendar , which lists upcoming macro events. When you select an event, you can view a short summary and check historical data.

You can also read market analysis written by Forex. com's research team. You can find these articles under the 'Market Analysis' tab. We liked how news articles can be filtered based on various criteria.

Compare research pros and cons. We were really satisfied with Forex. com's phone support. They answered the phone instantly, and we got relevant answers.

If you prefer using live chat, click 'Chat'. It opens a chatbot, which can answer only some basic questions, like "How can I deposit? It's a bit more tricky if you want to talk to a real person. You have to type 'agent', after which the chatbot offers to connect you with a sales or support agent. When contacting Forex. com via email, we received an automatic reply that answering may take up to 4 days, but eventually we got relevant answers within a day.

We liked the quality and structuring of the videos. You can choose from different topics, like fundamental analysis or risk management. The quiz and trading glossary are unique educational tools.

We found them really fun and useful. By using the performance analytics tool you can understand your own trading behavior better. It provides insights based on your trading history from three angles: psychology, strategy and timing. com also provides webinars , which is a great platform for asking trading professionals directly.

Yes, it is regulated by several financial authorities globally , such as the UK's Financial Conduct Authority FCA , and the Commodity Futures Trading Commission CFTC and National Futures Association NFA in the US. com operates under several legal entities worldwide; which of these will serve you depends on your residency. The investor protection amount you're eligible for depends on the country where the entity serving you is located. For example, if you are from the UK, you will sign up with StoneX Financial Ltd and will be eligible for investor protection of £85, StoneX Financial Ltd is regulated by the FCA, the UK's financial authority.

com provides negative balance protection for clients belonging to StoneX Financial Ltd and StoneX Europe Ltd. for forex spot and CFD trading, but only for retail clients from the United Kingdom and the European Union. com is a brand of StoneX Group, a US-based investment company. StoneX Group acquired GAIN Capital, Forex. com's parent company in This is important as a strong parent company lowers the chance that the company will go bust.

StoneX Group is also listed on the NASDAQ Stock Exchange. This is a big plus for safety as Forex. com releases financial statements regularly and in a transparent manner.

com was established in The longer the track record of a broker, the more proof we have that it has successfully weathered previous financial crises. Having a parent company listed on a stock exchange, providing financial statements and being regulated by top-tier authorities are all great markers of Forex. Find your safe broker. com is a great forex and CFD broker regulated by several financial authorities, such as the UK's FCA and the US CFTC.

On the positive side, it has low forex fees , many tradable currency pairs, and high-quality research tools. It has some drawbacks though.

Popular assets like real stocks or bonds are not available. Stock CFD fees are quite high, and the desktop platform is not easy to use. Since there is no inactivity fee unless you don't trade for one year, feel free to try Forex. com today. We detailed this in our Forex. com fees article. Our ultimate guide to the Forex. com minimum deposit is updated regularly. Look no further than our evaluation of the Forex. com account opening. Here's our expert view after checking the Forex.

com trading app. All you need to know about the Forex. com customer service. Is Forex. com legit features all the key aspects you need to look at to see if a broker is safe and legit.

A glance at actual costs and whether Forex. com is really free. We checked it in Is Forex. com good for beginners. Research for silver bugs in the Silver buy on Forex. com guide. We explored the topic in Can you trade options on Forex. Check out the current account balance requirements at Forex. com in our What is the minimum account balance at Forex.

com article. We collected them in Forex. com commission and fees. We tested it and collected the options and costs in How to withdraw money on Forex. Everything you find on BrokerChooser is based on reliable data and unbiased information.

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We use over 50, data points and a consistent, fact-based methodology. ALL REVIEWS. Highest-rated brokers. Interactive Brokers review. DEGIRO review. Saxo Bank review. XTB review. Charles Schwab review. TD Ameritrade review. eToro review.

Merrill Edge review. Fidelity review. com review. Other popular brokers. Revolut review. Freetrade review. Webull review. moomoo review. eToro fees. Interactive Brokers fees. Saxo Bank fees. For beginners. How to start investing. How to become a trader. For advanced users. The MT4 desktop version is downloadable for Windows and MAC OS computers. The MT4 WebTrader is accessible via a link from the brokers website.

WebTrader runs on web browsers and does not require any downloads or installations. I like this version of the platform as you can access your account from any device and it is always up to date. However, it has some limitations such as it does not support automated trading like the desktop platform does. As a big fan of expert advisors, I need to use the desktop platform as it is the only version that supports them.

The mobile version of the MT4 trading platform can be downloaded on Android and iOS devices. It supports trading on the go and integrates accounts created on the desktop versions. It displays the live quotes of all the tradable assets including their charts in real time.

From the mobile app, clients can analyse the charts in up to 9 timeframe and also using 30 inbuilt technical indicators as well as drawing tools. Multiple order types, pending orders and risk and order management tools are all available on the mobile trading apps. I am a big fan of the app as it lets me quickly and easily check my positions from anywhere at any time. The broker has the MT4 Multi-Terminal which is great for fund managers or traders with multiple accounts.

All the popular features of the MetaTrader 4 platform are available but its major difference is the ability to handle different accounts at the same time.

Order volumes are easily distributed among several accounts with the MetaTrader 4 Multi-Terminal ensuring that each account has the right pre-defined parameters. It is good that the broker has this available as it is not something that I see many brokers incorporate. FBS are one of the other brokers that I have reviewed who do. MT5 MetaTrader 5 is the follow up platform released by MetaQuotes, the global company that revolutionised automated trading for retail traders with the MetaTrader platforms.

MT5 is a true multi-asset trading platform which can provide access to forex, cryptocurrencies, indices and commodity CFDs. Whilst MT5 has kept much of the same functionality and features of MT4, it also brings a host of new benefits for traders.

And with MT5 being a true bit, multi-threaded program, it runs faster and more efficiently than MT4. MT5 is available for desktop, web and mobile devices running on iOS and Android. You can download it free of charge directly from the brokers website and relevant app stores.

I actually think that MT4 should be more than adequate to meet the needs of most traders but it is great to have both MetaTrader platforms available. I would say MT4 is suitable for forex trading and MT5 better for trading stocks.

Axiory also have both platforms and similar trading conditions. IRESS ViewPoint is a true multi-asset trading platform with investors and speculators in mind. Providing a global reach to equity markets via pure DMA Direct Market Access , you can enjoy a fully customisable interface with rich graphics.

Compatible with Microsoft Windows and Apple OSX, IRESS ViewPoint allows you to easily access over 10, shares via a fast execution brokerage. This is a professional platform that I would say is more suited towards those who are day trading full-time.

You should also consider that IRESS is not available through many brokers so it would limit your options if you wanted to switch brokers at a later date but still use the same platform. Otherwise, you would need to learn a new platform from scratch. Another top broker that provides IRESS is FP Markets if this is a platform you like the sound of.

There is also a mobile version of the IRESS ViewPoint platform which brings the power and diversity of IRESS ViewPoint to your phone or tablet device. Fully compatible across Android and Apple devices, you can download IRESS directly from the Google Play or the App Store. With DMA Direct Market Access to over 10, global shares, you can monitor your portfolio or initiate new trades on the go and never miss an opportunity.

I found the app very user-friendly and had no issues browsing the markets and placing trades via its modern interface. The platforms you get access to are packed with an abundance of built-in trading tools for assisting you with your daily trading activities.

That being said, the broker also gives you access to some additional tools which can help enhance your overall trading experience even further. There are tools for market analysis and copy trading along with FIX API solutions and a handy VPS. The Multi Account Manager MAM software allows fund managers and institutional traders to manage multiple accounts on FXTRADING.

MAM helps traders execute trades of multiple accounts on the MetaTrader Multi-Terminal at the same time based on pre-defined allocation settings. Using MAM allows a trader to optimize use of the Multi-Terminal platform as it comes with more advanced analytical tools and allocation parameters.

The broker has a powerful PAMM system that allows clients invest their funds with other traders and fund managers on the broker. The software provides data analysis of various fund managers on the program. Clients can check their performance and use the listed criteria to choose their fund manager. They can also follow the performance of their funds using the PAMM analytical tools. Funds can also be invested with multiple fund managers.

It should be strongly emphasised that there are no guarantees on the performance of managed accounts and you should have a clear understanding of all the significant risks involved with trading online.

The Prime service provides wholesale and institutional clients with cost-effective, low-latency trading conditions and access to institutional liquidity from over 25 top-tier banks and ECN liquidity providers. This effectively provides an institutional feed directly to the brokers deep pool liquidity providers.

The API Application Programming Interface connects two software applications, allowing sophisticated traders to integrate bespoke trading platforms with deep liquidity pools via the FXTRADING. com Prime service. The trade copier system is an advanced trade copying platform allowing novice and experienced traders to work together, whereas novice traders are able to automatically copy pros trading in real-time.

This allows fund managers and top-performing traders to be compensated while followers copy their trades. Whilst the multi account manager MAM platform is available, the threshold for a MAM account may not be suitable for all fund sizes. However, the trade copier platform has greatly reduced the financial entry barriers for aspiring fund managers and top-performing traders.

This means that you do not need your computer switched on all of the time and can be especially useful for those who need to run automated trading systems around the clock and those who have a poor internet connection.

I use my own VPS from a third-party provider and find it to be ideal for running multiple instances of the MT4 platform so that I can test my expert advisors and see how they perform on different brokers. You can also get a free VPS from Blueberry Markets. Clients are offered a real-time trading pattern recognition tool, to help them best utilize potential trading opportunities and make well-informed trading decisions. Autochartist scans patterns 24 hours per day, and trading alerts are available to traders in real-time.

You can also benefit by using supplementary Autochartist functions such as Volatility Analysis, Risk Calculator and Correlation Alerts. I think this is an excellent tool and really like how it can scan markets automatically for customised trading signals. It saves me from needing to gaze at charts all day long. This is the type of software I have seen cost thousands elsewhere, so it is great that the broker gives it to you for free.

Tickmill is another broker who provide this industry leading market analysis software. com offers an extensive and resourceful range of multilingual educational content on its website. In-depth educational materials are available with eBooks and videos for both novice and experienced traders. These cover a variety of topics and can be useful to traders of all experience levels.

They also offer up-to-date market outlooks from the brokers expert team of market analysis. These can be used to help inspire potential trading ideas and to keep track of the latest market happenings.

If you are a beginner and want even more educational content, Admirals have plenty for you to peruse. The broker gives you access to a wide range of markets, with something for everyone to trade. You can build your portfolio with access to thousands of instruments across the globe.

There are currency pairs, commodities, indices and cryptocurrencies available to trade on the brokers platforms. You will find currency pairs from tier-1 liquidity providers with a strong policy to provide no-requotes or rejections since inception. You can choose to trade FX majors, FX crosses and exotics, with leverage and enjoy lightning-fast execution from tier-1 liquidity providers. You can trade a variety of popular commodities with leverage, including metals, energies, cotton, coffee, orange juice, sugar and others which are all available on the brokers leading trading platform.

Traders can diversify their portfolio and hedge risks with the wide variety of products available. The broker provides access to global stock market indices from North America, Europe and Asia. A popular choice for traders of all timeframes and styles, index CFDs trade close to 24 hours a day, 5 days a week.

The broker offers spot metal CFDs including gold and silver denominated in US Dollars with competitive spreads, low margin requirements and fast execution. Traders can speculate on metals such as gold, silver and copper. Live market prices are available nearly 24 hours a day, 5 days a week, across all devices with the brokers platform. Over 10, share CFDs from 14 countries, covering all major and emerging stock markets are offered on an institutional trading platform IRESS at FXTRADING.

Clients can trade long and short in bullish or bearish markets. You can diversify your portfolio or hedge physical shares and ETFs. A Contract for Difference CFD mimics the price of an underlying share price. Share CFDs allow traders to participate on the stock market at a fraction of the cost of physical shares, due to our low margin requirements. Traders can try to capture the significant price volatility or hedge their portfolio exposures through trading energy CFDs. You can trade WTI and Brent crude oil CFDs with fast execution and tight spreads via a globally regulated broker.

The broker offers Crypto CFD trading with leverage on popular cryptocurrencies such as Bitcoin and Ethereum. There is no requirement for a digital wallet as they can be traded directly on the brokers platform. I like this feature as it removes some of the complications that some users may feel comes with creating and maintaining a digital wallet. The broker gives you the option to choose from two types of trading accounts, Alpha and Standard accounts that are tailored to meet the needs of clients with different level of trading experiences.

There is no minimum deposit and flexible leverage of up to is available. If you have the experience and want more leverage, InstaForex go up to Just make sure that you know what you are doing and the risks involved. Alpha Accounts offer raw spreads from 0. There is no minimum deposit for this account type. This is the option I would go for because it has the lowest spreads which is important for my scalping strategies. The commission fee is also very low which is great.

I feel you can save a lot in trading costs over the long term with this account type. I would compare it to the XM Group raw spread account. The minimum spread on this account is 1 pip while no trading commission is charged. The standard account also requires no minimum deposit. If you are not too fussed about low spreads, this account should do the job. There is no commission fee because it is included within the spread which is marked-up to cover costs.

Free demo accounts are available so that you can practice trading online using virtual funds. Demo accounts can be a great way to master your trading strategies and skills whilst also allowing you to try out the MT4, MT5 and IRESS platforms. It should be noted that the demo accounts are restricted to just 30 days. This is slightly disappointing as many brokers have non-expiring demo accounts.

Nevertheless, you can always open another demo account as and when needed. To start trading online with FXTRADING. You will then be presented with a short application form to fill out. You will need to provide some personal information and complete a questionnaire to ensure that you are suitable for the brokers products and services. Afterwards you will be taken to a page where you have the legal documents and then to the verification page where you have to upload details of your personal identity and proof of residence.

Once this is completed you can start trading online through the provided platforms.

iForex Editor's Verdict Overview Regulation and Security Fees What Can I Trade Account Types Trading Platforms Unique Features Research and Education Customer Support Bonuses and Promotions Opening an Account Deposits and Withdrawals Summary FAQs.

Home Forex Brokers Directory List iForex Review iFOREX Review [year] Affiliate Disclosure. Ranked out of Trading List Check out our top brokers List. com Team. Created on August 17, Updated on April 03, Affiliate Disclosure. This broker prides itself on generating mass trading volume and liquidity; it is able to claim over 8,, clients from over countries, and executes over 35, transactions per day.

Per its own account, the deployment of advanced technology meets the needs of modern traders. Regrettably, no evidence of that assertion exists. iForex does present traders with its proprietary trading platform, with a focus on mobile traders. Over assets are available, and education fulfills a central role.

This broker states that it neither manages investment funds nor does it offer advice; however, as regards the former statement, trading signals is listed under the website's tools section. Deposit and withdrawal. Asset selection. Ease of account opening.

Regulation and security. Pros Free 1-on-1 training Free education and information. Cons No social features No bonuses. iForex has over 24 years of market experience, suggesting financial stability and a well-executed business plan. Is iForex safe? The company has been in operation since Since December , it has been authorized by the BVIFSC, where it maintains a clean regulatory track record.

Each trader needs to determine if that is enough. Is iForex legal in India? The company caters to Indian Forex traders, but the situation in India for retail Forex traders is complicated. Per the FEMA Act, Indian retail traders can only trade with local brokers in currency pairs approved by the Reserve Bank of India RBI. The bottom line is that iForex is not an authorized broker by the RBI, which makes it illegal for retail traders in India to trade there.

How do I withdraw money from iForex? Traders can request withdrawals from inside their trading platform by selecting Withdrawal from My Account. Where is iForex regulated? The British Virgin Islands Financial Services Commission BVIFSC regulates Formula Investment House Ltd, the international subsidiary, and the Cyprus Securities and Exchange Commission CySEC , regulates the European subsidiary, Vestle. Does iForex offer a demo account?

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Deposit and withdrawal. You will find that the broker has a very generous collection of free trading courses that cater to traders of all experience levels. The group is also regulated by the Securities and Futures Commission of Hong Kong SFC. I like that they provide access to Autochartist as I find it an excellent tool for market analysis. Get your personalized toplist:. There is a section on the website that is dedicated to bringing you the latest market news and research.

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