Look a broker up before you trust it

Ten quick answers

Does Forex.com hold a licence?
It does. Forex.com is supervised by NFA/CFTC, FCA, IIROC, ASIC, MAS, and its licence number is NFA 0339826. You can look that number up on the regulator's own public register.
How much do I need to open a Forex.com account?
Forex.com asks for a first deposit of at least $100. Certain account types may require more, so confirm the current amounts on the broker's official website.
Can I trust Forex.com with my money?
Forex.com has been trading since 2001 and is regulated by NFA/CFTC, FCA, IIROC, ASIC, MAS. Before you deposit, check on the regulator's public register that the licence is still valid, and put in only money you can afford to risk on leveraged products.
Can US residents open an account with Forex.com?
Yes. People who live in the United States can sign up with Forex.com through its US-regulated entity.
How much leverage does Forex.com offer?
The highest leverage at Forex.com is 50:1 US / 30:1 retail FCA. The limit for retail clients depends on where the account is regulated: under tier-1 regulators (FCA, ASIC, CySEC) it is lower than under offshore regulation.
Can I use MetaTrader 4 or MT5 with Forex.com?
Yes. MetaTrader 4 and/or MetaTrader 5 are available at Forex.com next to its other platforms.
Which trading platforms can I use at Forex.com?
At Forex.com you trade through Forex.com proprietary platform, MT4, MT5, TradingView. Where applicable, each of these comes in a desktop and a mobile version.
How quickly does Forex.com pay out withdrawals?
How long a Forex.com withdrawal takes depends on how you are paid: cards are usually handled the same day, e-wallets within 24 hours and bank wires in 1–5 business days. Your KYC verification has to be finished before any withdrawal.
Will Forex.com charge me for withdrawing?
As a rule, Forex.com makes no charge when you withdraw to the method you deposited with. A payment processor or bank may still add a fee of its own, which the broker does not control. The broker's payment terms give the current details.
Does Forex.com have a demo account?
Yes. Forex.com provides a demo account at no cost. It is loaded with virtual funds, so you can try the platform, practise your strategies and look around the available markets before you risk real money.