FOREX.com Review 2026
FOREX.com is the retail FX/CFD brand of StoneX Group (former GAIN Capital), with a US CFTC/NFA business, a UK business run by StoneX Financial Ltd (FCA), an EU entity under CySEC and a Cayman entity for international clients.
- 69 / 100
- Compliant
- United States
- CFTC/NFA
- CySEC
- FCA
- CIMA
- Min. Deposit
- $100
- Max. leverage
- 1:50 US majors / 1:30 UK-EU retail
- Spread From
- 1.0 pip
- Commission
- $0 standard; RAW $7/side per 100k
- Trading platforms
- FOREX.com web trader, MT4, MT5 and TradingView where the entity offers them.
Key features
- Retail brand of StoneX Group Inc. (Nasdaq: SNEX)
- US entity GAIN Capital Group LLC, NFA 0339826
- UK trading name of StoneX Financial Ltd, FCA 446717
- MT4/MT5 and TradingView in supported regions
Regional coverage
Relevant for US residents who need a licensed retail FX broker, UK clients under StoneX Financial Ltd and EU clients under StoneX Europe Ltd. Canada is served by GAIN Capital – FOREX.com Canada Limited (CIRO member). Other countries may be onboarded under the Cayman entity.
Investor protection
US clients trade under CFTC/NFA retail forex rules. UK clients of StoneX Financial Ltd may access FSCS where eligible. CySEC clients may access ICF compensation. The Cayman entity has no equivalent compensation scheme.
Licenses and Legal Entities
Match the legal entity and license number below against the account agreement before you deposit.
Trading conditions
- Min. Deposit
- $100
- Spread From
- 1.0 pip Standard
- Commission
- $0 standard; RAW $7/side per 100k
- Max. leverage
- 1:50 US majors / 1:30 UK-EU retail
- Islamic
- Yes
- Trading platforms
- FOREX.com web trader, MT4, MT5 and TradingView where the entity offers them.
Spreads shown are minimum values from the lowest-spread account type. Actual spreads vary by account, instrument, and market conditions. Islamic (swap-free) account availability may depend on your region and entity. Always verify directly with the broker.
8-pillar score
Weighted /100
Pros
- Holds at least one tier-1 licence (FCA, ASIC, CySEC, DFSA, CFTC/NFA or FMA).
- Multiple legal entities are documented, so you can match the company in the client agreement.
- Islamic / swap-free accounts are published as available in supported regions.
- Both MetaTrader 4 and MetaTrader 5 are listed.
- TradingView is listed on the platform stack.
Cons
- At least one offshore entity is in the group. Protection and leverage follow that company, not the brand name.
- Swap-free status is region-dependent, not a global default.
- Advertised spreads start from 1.0 pip, which is wider than raw ECN-style accounts.
- Retail leverage is capped near 1:30 on the UK/EU/AU-style entities listed here.
How do I choose a licensed forex broker?
Choose the entity licensed where you live — FCA (UK), CySEC (EU), ASIC (Australia) or DFSA (Dubai/Gulf) — and match its license number to the client agreement before you deposit.
Detailed explanation
A brand is not a license. Compensation, leverage caps and complaints follow the company that opens the account. CySEC covers the EEA (Cyprus ICF). FCA sits under UK rules and the FSCS. ASIC serves Australian retail clients. DFSA serves the DIFC. Offshore entities such as FSA Seychelles or FSC Belize sit outside those schemes.
Example
A UK account under an FCA-authorised company can use the Financial Ombudsman and, if the firm fails, the FSCS (up to £85,000). The same brand’s Seychelles entity would not.
Common mistake
Treating a CySEC, FCA or ASIC logo on a landing page as proof that your account is covered. Many groups onboard international clients through an offshore company. If the agreement names that company, the EU, UK or Australian compensation scheme does not apply.
Professional tip
Search the official register by license number, not only by brand. Confirm the status is authorised or active, that forex or CFDs are listed, and that the legal name matches the agreement before the first deposit.