Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.
Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
66% of retail accounts lose money.
Pros
Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools
High-level research hub with curated market research, plus unique insights with 'Outrageous Predictions'
Excellent educational resources including podcasts, webinars and expert-led video insights
Access to comprehensive third-party analysis tools including TradingView and Updata
The ISA account is highly accessible and flexible with no entry or exit fees
Heavily regulated and trustworthy brand based in Switzerland
Low fees with premium account tiers
With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.
The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring traders with a slick design and over 80 technical indicators for market analysis.
Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious traders.
There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
Cons
High funding requirements for the trading accounts
Access to Level 2 pricing requires a subscription
Clients from some jurisdictions not accepted including the US and Belgium
Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.
There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test trading strategies effectively.
Awards
Best CFD Broker 2022 - Rankia
Best HNW Service 2022 - Dubai Forex Expo
Best US Broker 2020 - DayTrading.com
Best US Broker 2019 - DayTrading.com
Runner-Up - Best Forex Broker 2019 - DayTrading.com
Running alongside the MT4 and Web Trader platforms, the FOREX.com app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love.
iOS App Rating
3.6
Android App Rating
3.8
Margin Trading
No
Yes
MetaTrader 4
No
Yes
MetaTrader 5
No
Yes
cTrader
No
No
AlgoTrader
No
No
OmniTrader
No
No
TradingView
Yes
Yes
Autochartist
No
Yes
eSignal
No
Yes
Trading Central
No
Yes
STP Account
No
Yes
ECN Account
Yes
Yes
DMA Account
No
Yes
MAM Account
No
No
PAMM Account
No
No
LAMM Account
No
No
Demat Account
No
No
AI / Machine Learning
No
Yes
Robo Advisor
No
No
Negative Balance Protection
No
Yes
Market Maker
No
No
P2P Trading
No
No
Spot Trading
Yes
Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No
No
Social Trading
No
No
Trade Signals
Yes
SMART Signals
VPS Hosting
No
Yes
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Inactivity Fee
$15
Islamic Account
Yes
Yes
Account Currencies
USD
EUR
GBP
CAD
AUD
JPY
SEK
DKK
CHF
USD
EUR
GBP
CAD
AUD
JPY
CHF
PLN
Commodities
Gold
Silver
Natural Gas
Oil
Copper
Corn
Gold
Oil
Silver
Cotton
Livestock
Soybeans
Coffee
Natural Gas
Sugar
Wheat
Orange Juice
CFD
Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals.
With the ability to take both long and short positions on 5,500+ CFDs across forex, stocks, indices, commodities, and cryptocurrencies, FOREX.com excels. Its exclusive Web Trader platform offers an excellent trading experience, equipped with over 80 technical indicators and average execution speeds of just 20 milliseconds, ensuring an optimal environment for serious traders.
Leverage
1:30
1:30 (Retail), 1:500 (Pro)
FTSE Spread
1.2 pts (Variable)
1.0
GBPUSD Spread<
0.7 (var)
1.3
Oil Spread
0.03
2.5
Stocks Spread
0.10% (subject to min commission)
0.14
Forex
Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips.
FOREX.com continues to uphold its stature as a premier FX broker, offering over 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $5 commission per $100k, it stands out. Moreover, its SMART Signals help to identify price behaviors across numerous major currency markets.