Forex.com has low fees for stock index CFDs and forex trading. On the negative side, stock CFD fees are high. There is also a fee charged for inactivity.
Pros and Cons of Forex.com
- Zero withdrawal fees
- Low stock index CFD fees
- Low forex fees
- Zero Deposit fees
- Credit/Debit card available
- Free market data
- Low minimum deposit
- Confusing margin requirements
- High stock CFD fees
- High inactivity fee
Opening Forex.com Account
Account opening at Forex.com is free and seamless, with a low minimum deposit.On the negative side, account verification is slow because it takes takes ~2 business days.
Trading fees & Pricing
Forex.com has low pricing fees for stock index CFDs and forex trades. On the other hand, the fees for stock CFDs are high with the broker. Their trading costs are transparent on the website, giving you clear and flexible pricing solutions.
|Account Type||FX Spreads||Commisions|
|Standard||Variable spreads, EUR/USD as low as 1.0.||None|
|Commission||Raw spreads, EUR/USD as low as 0.2.||Fixed $5 per 100K traded|
|STP Pro||Variable spreads, major pairs as low as 0.1.||Variable starting at $60 per million traded|
An initial minimum deposit of $200 is required to fund a Forex.com account. This amount is considered low as compared to other forex brokers that require a minimum of $5,000 or more. Forex.com offers you option to choose from 7 base currencies: USD, AUD, EUR, GBP, CAD,JPY, CHF. This is great because you will not have to pay a conversion fee if you fund your account in the same currency as your bank account.
|Deposit fee||Deposit method||Minimum deposit||Maximum deposit||Waiting Period|
|$0||Bank transfer||$100||$10,000||Available immediately|
|$0||Credit/Debit card||$100||$10,000||Available immediately|
|$0||Wire Transfer||no minimum||no maximum||1-2 business days|
|$0||Personal/ Business Check||no minimum||no maximum||5-10 business days|
|Withdrawal fee||Withdrawal method||Minimum withdrawal||Maximum withdrawal||Waiting Period|
|$0||Credit/Debit card||$100||$$50,000||3 – 8 business days|
|$0||Bank Transfer||$100||$25,000||Up to 24 hours|
|$25||Wire transfer||$100||$25,000||1 – 2 business days|
|$0||Electronic wallets||$100||$25,000||3 – 5 business days|