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TickmillFOREX.com Review
Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Blain Reinkensmeyer
Steven HatzakisSteven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. He is a forex industry expert and an active fintech and crypto researcher.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76%-78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FOREX.com is a highly trusted broker backed by the publicly traded StoneX Group Inc. delivering excellent trading tools and broad market access for forex and CFD traders across the globe. While pricing isn't its strongest point (unless you're a high-volume trader), I’ve found its platforms to be reliable and full of features that benefit traders at all levels.
FOREX.com's educational resources, particularly its award-winning Trading Academy, are top-notch and offer real value. Research and video content have also improved year over year. If you prioritize platform quality, high-quality research, and a wide variety of assets, FOREX.com is a strong choice.
-
Minimum Deposit:
$100 -
Trust Score:
99 -
Tradeable Symbols (Total):
5500
| Range of Investments | |
| Commissions & Fees | |
| Platforms & Tools | |
| Research | |
| Mobile Trading | |
| Education |
Check out ForexBrokers.com's picks for the best forex brokers in 2025.
| 2025 | #5 |
| 2024 | #5 |
| 2023 | #6 |
| 2022 | #6 |
| 2021 | #8 |
| 2020 | #7 |
| 2019 | #5 |
| 2018 | #4 |
| 2017 | #5 |
Can I open an account with this broker?
Yes, based on your detected country of US, you can open an account with this broker.
Table of Contents
FOREX.com pros & cons
Pros
- Award-winning Trading Academy is great for all experience levels.
- Advanced charting powered by TradingView with over 5,500 symbols.
- Web and desktop platforms packed with pro-grade trading tools.
Cons
- Spreads are higher than other low-cost brokers on standard accounts.
- Pricing is average unless you qualify for active trader discounts.
- Stock and futures trading require a separate StoneXone account.
My top takeaways for FOREX.com in 2025:
- FOREX.com's Trading Academy has incredibly detailed and highly informative interactive educational courses.
- FOREX.com produces high-quality video content, including its Daily Market Update and Weekly Technical Outlook.
- FOREX.com's multi-asset offering shines the most on its flagship Advanced Trading (desktop) and Web Trading (browser) platforms.
- With FOREX.com’s acquisition of Chasing Returns, performance analytics are now available to live account holders for free.
- MetaTrader 5 was recently launched and available to traders in the U.S., Canada, and the EU.
Trust score
Developed by ForexBrokers.com and in use for nearly 10 years, Trust Score is a proprietary rating system powered by a range of unique quantitative and qualitative metrics, including each company’s number of regulatory licenses. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). Learn more.
Is FOREX.com safe?
FOREX.com is considered Highly Trusted, with an overall Trust Score of 99 out of 99. FOREX.com's ultimate parent company, StoneX Group Inc., is publicly traded, does not operate a bank, and is authorised by seven Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). FOREX.com is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), Canadian Investment Regulatory Organization (CIRO), Japanese Financial Services Authority (JFSA), Commodity Futures Trading Commission (CFTC), and Securities & Exchange Commission (CySEC). Learn more about Trust Score or see where the different FOREX.com entities are regulated.
| Feature |
 FOREX.com
|
|---|---|
| Year Founded | 1999 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 7 |
| Tier-2 Licenses | 1 |
| Tier-3 Licenses | 0 |
| Tier-4 Licenses | 1 |
Range of investments
The products and services available to you at FOREX.com will depend on your location, and on which of its regulated entities holds your account. For example, while CFDs are not available in the U.S. due to regulatory issues, FOREX.com offers an impressive selection of over 4,500 CFDs for traders living outside of the U.S. FOREX.com offers CFDs for commodities and metals, though spot metals (like gold and silver) are unavailable to traders in the U.S. Also, knock-out options are now available at FOREX.com in Japan, Singapore, and Australia.
Cryptocurrency: Cryptocurrency trading is available at FOREX.com through CFDs, but not available through trading the underlying asset (e.g., buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.
The following table summarizes the different investment products available to FOREX.com clients.
| Feature |
FOREX.com
|
|---|---|
| Forex Trading (Spot or CFDs) | Yes |
| Tradeable Symbols (Total) | 5500 |
| Forex Pairs (Total) | 80 |
| U.S. Stock Trading (Non CFD) | No |
| Int'l Stock Trading (Non CFD) | No |
| Social Trading / Copy Trading | No |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Note: The products and services available to you will depend on your country of residence and the FOREX.com entity that holds your account, as well as any applicable regulatory guidelines. To verify the availability of any products or features within your country of residence, please contact the broker directly.
FOREX.com fees
FOREX.com offers multiple execution methods and account types (FOREX.com is one of my top picks for market maker brokers), as well as transparent execution statistics. That said, our research found that FOREX.com is slightly expensive when compared to the industry average, unless you are trading outside of the US, where spreads averaged 0.74 for the EUR/USD in July 2023 (using a time-weighted average), whereas its Raw account spreads are lower but feature a per trade commission.
Standard account: FOREX.com’s Standard account is the only option available for MetaTrader clients – and would not be my ideal choice. Average spreads are high at 1.4 in the U.S. on the EUR/USD, based on typical spread data provided to us by FOREX.com (July 2023). The Standard account will appeal to traders who are willing to pay a premium (in the form of a higher spread) for the benefits of market-maker execution.
Active trading accounts: The DMA account was discontinued globally and has been replaced by the RAW account offering , which features typical spreads on the EUR/USD of 0.13 pips (calculated using data collected in February 2024). RAW accounts are commission-based and are eligible for active trader discounts on FOREX.com’s proprietary Advanced Trading platform suite, with low competitive spreads nearing zero before commission.
- Very high volume active traders that turn over more than $2 billion per month (Tier Six) would realize effective spreads comparable to what IC Markets or Tickmill offer.
RAW Spread account: FOREX.com’s recently launched RAW Spread account delivers commission-based pricing (similar to its STP account) and volume-based rebates for active traders (note that in the EU region, rebates are only offered to professional clients). The RAW account (along with MetaTrader 5) is now available to FOREX.com’s clients in Canada, the U.S, and the European Union. Learn more about forex trading in Canada by checking out our Canada forex guide.
- There are six volume tiers with rebates ranging from $2 per million at the base tier to $9 per million at the highest tier (level five).
- The base commission for the lowest tier on the Raw account is $7 per Standard lot ($3.5 per side), which adds about 0.7 to the typical spreads of 0.13 pips for the EUR/USD (based on February 2024 spread data).
- Bottom line: unless you trade more than $50 million per month, the all-in costs for FOREX.com’s Commission account are practically the same as the Standard account for U.S. residents, the only differences being execution method and available platforms.
Note: FOREX.com's spread-only and RAW accounts are the only available account types for clients in the U.S. Both pricing types are available to MetaTrader 5 accounts in the U.S. and Canada unlike other regions where only spread-only pricing is available for MT5. For clients registered under a European regulator, only MT5 is available.
| Feature |
FOREX.com
|
|---|---|
| Minimum Deposit | $100 |
| Average Spread EUR/USD - Standard | 1.4 |
| All-in Cost EUR/USD - Active | 0.9 |
| Active Trader or VIP Discounts | Yes |
| ACH or SEPA Transfers | Yes |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
Mobile trading apps
Overall, FOREX.com’s mobile offering competes among the best brokers in the industry.
Apps overview: FOREX.com offers its proprietary mobile app alongside the full suite of MetaTrader mobile apps, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Ease of use: Trading and managing positions within FOREX.com’s mobile app is easy and straightforward, thanks to its fluid user interface and minimalist design. Highlights include an economic calendar, an integrated suite of modules from Trading Central, alerts, market updates, and news headlines from Reuters. The app also supports complex order types such as OCOs, trailing-stops, and a "close all" button which allows traders to exit multiple positions quickly for a given instrument.
Charting: The FOREX.com app automatically syncs watchlists, and includes easy-to-use charts powered by TradingView that feature over 80 indicators and a vast array of drawing tools. Your chart settings won’t sync automatically with the web version, but I found the "load chart layout" function can be used to manually load your saved templates.
You are able to trade from charts powered by TradingView on the FOREX.com mobile app. Here, an open position is visible on a 15m candlestick chart overlaid with a Bollinger Band indicator.
| Feature |
FOREX.com
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Watchlist Syncing | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Charting - Multiple Time Frames | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Charting - Indicators / Studies | 88 |
Trading platforms
FOREX.com goes above and beyond to provide forex traders with everything they need to trade effectively. FOREX.com's platform suite has historically been – and continues to be – robust.
Platforms overview: FOREX.com provides its own flagship Advanced Trading (desktop) and Web Trading platforms, alongside TradingView, the full MetaTrader suite (MT4 and MT5), and NinjaTrader.
Charting: FOREX.com's flagship desktop platform, Advanced Trading, is best suited for seasoned traders and comes with a robust charting package loaded with a large selection of over 200 technical indicators (this number includes automated strategies that are indicator-based), as well as drawing tools and over a hundred predefined automated strategies.
That said, charts on the FOREX.com desktop platform are not as smooth as its Web Trading web platform counterpart, which features charts powered by TradingView. TradingView is adored by technical analysis enthusiasts for its powerful charting capabilities; learn more by checking out our TradingView guide.
Web trading: Best suited for casual traders, FOREX.com's Web Trading platform makes browsing through markets, conducting research, and placing trades a breeze. Charts are powered by TradingView, and come loaded with nearly 100 indicators, 14 timeframes, and ten chart types.
The default workspace of the FOREX.com web platform includes charts, a watchlist, news, and a view of open positions.
The Advanced Trading platform features advanced order types, deep customization, and plenty of subtle-but-useful features – such as the ability to set price tolerance from within the trade ticket. I found the layout well-designed, easy to use, and rich with features. For the sake of comparison, I found the Advanced Trading platform similar to FXCM's own impressive proprietary platform.
Trading Analytics: The PlayMaker module, part of FOREX.com's Trading Analytics suite of tools (formerly known as Chasing Returns) stands out for its innovative approach to helping traders manage their risk, and was acknowledged by our award for #1 Risk Management Tool in a previous year.
| Feature |
FOREX.com
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| Social Trading / Copy Trading | No |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| DupliTrade | No |
| ZuluTrade | No |
| Charting - Indicators / Studies (Total) | 88 |
| Charting - Drawing Tools (Total) | 239 |
| Charting - Trade From Chart | Yes |
| Watchlists - Total Fields | 20 |
Research
FOREX.com does a great job of centralizing its research within its platforms, including its Web Trading and the desktop-based Advanced Trading app, especially in terms of organization and accessibility. Over the last year, FOREX.com has made great progress in the research category by increasing the quantity of its video content and articles, helping to round out its offering.
Research overview: Multiple news channels, automated pattern-recognition modules from Trading Central, and blog updates from FOREX.com's global research team are all available within the Web Trading platform. Headlines stream from Reuters and a Trading Central-powered economic calendar is integrated across the site and platforms.
Market news and analysis: FOREX.com produces a variety of good-quality written content each day, covering multiple markets and sector themes. Content includes weekly posts such as its "Week Ahead" series, daily articles produced by FOREX.com’s in-house analysts, as well as integrated resources from third-party providers. For example, research tools powered by Trading Central are directly integrated throughout its suite of platforms, such as its popular Market Buzz, Technical Insight, and Analyst Views modules.
The FOREX.com website includes a library of articles on market news analysis and coverage from in-house analysts.
Video content: Market-based research in video format continues to improve at FOREX.com. For example, FOREX.com features daily market updates as well as a weekly video on the broker's YouTube channel. I was pleased to see expanded coverage on FOREX.com's YouTube channel with additional video series.
| Feature |
FOREX.com
|
|---|---|
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Autochartist | No |
| Trading Central (Recognia) | Yes |
| Social Sentiment - Currency Pairs | Yes |
Education
FOREX.com offers nearly a hundred written articles that are conveniently organized by experience level, with content for beginner, intermediate, and advanced users. Overall, I found these articles to be high-quality.
Learning center: In addition to the dozens of platform tutorials available on its YouTube channel, FOREX.com also made significant progress in the education category with the launch of its Trading Academy, which won our Annual Award for #1 Interactive Educational Experience the same year. I found the graphics and accompanying information within FOREX.com's interactive courses to be incredibly detailed and highly informative. The Trading Academy courses include progress tracking, quizzes, and other interactive features that make the learning experience fun.
An example of a beginner-level educational course on FOREX.com, including an accompanying video.
Video production has also improved year over year with the addition of new educational videos, including dedicated playlists for Technical Analysis, Mindset, and general Education, on FOREX.com's YouTube channel.
| Feature |
FOREX.com
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | Yes |
| Client Webinars (Archived) | Yes |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | Yes |
Final thoughts
FOREX.com is a trusted forex broker that shines thanks to its extensive product offering, excellent platform options and trading tools, and its selection of in-house and third-party market research. In 2024, FOREX.com introduced prediction markets thanks to its partnership with Kalshi, providing traders the opportunity to speculate on economic and political events, such as the U.S. presidential election. Additional wealth management services were also introduced through FOREX.com's parent company StoneX Group Inc., where traders can invest in U.S. stocks commission-free and in futures (although this requires a separate account).
Steven's expert take
"Overall, while pricing is not its strongest feature unless you are an active trader, FOREX.com still delivers a great experience to traders of all experience levels, and continues to grow as a multi-asset broker catering to forex traders and beyond."
FOREX.com Star Ratings
| Feature |
FOREX.com
|
|---|---|
| Overall Rating |
|
| Trust Score | 99 |
| Range of Investments |
|
| Commissions & Fees |
|
| Platforms & Tools |
|
| Research |
|
| Mobile Trading |
|
| Education |
|
ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.
ForexBrokers.com 2025 Annual Awards
For the ForexBrokers.com 2025 Annual Awards, brokers were evaluated against ForexBrokers.com’s 8 Primary Categories: Commissions & Fees, Range of Investments, Platforms & Tools, Mobile Trading Apps, Research, Education, Trust Score, and Overall.
Best in Class honors were awarded to the Top 7 forex brokers in each of the following areas: Beginners, Copy Trading, Ease of Use, MetaTrader, TradingView, Algo Trading, Crypto Trading, and Professional Trading.
Category awards
| Rank #1 | Streak #1 | Best in Class | Best in Class Streak | |
| Overall | 4 | |||
| Range of Investments | 1 | |||
| Mobile Trading Apps | 5 | |||
| Platforms & Tools | 3 | |||
| Trust Score | 4 | |||
| Education | 2 | |||
| MetaTrader | 2 | |||
| Professional Trading | 3 | |||
| TradingView | 1 |
Our testing
Why you should trust us
Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.
How we tested
At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:
- For Apple, we use MacBook Pro laptops running macOS 15.3, and the iPhone XS running iOS 18.3.
- For Android, we use the Samsung Galaxy S20 and Samsung Galaxy S23 Ultra devices running Android OS 15.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.
Article Resources
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About FOREX.com
Founded in 1999, FOREX.com is a GAIN Capital brand under the parent company of StoneX Group Inc. (NASDAQ: SNEX), a Fortune 100 company and a member of the National Futures Association (NFA) in the U.S. StoneX holds $7.8 billion in assets as of its latest annual report for 2023, employing over 4,000 staff and servicing more than 400,000 retail clients across 180 countries. Through its trading names and subsidiaries, including the City Index brand, Gain Capital operates in multiple countries and with licenses in several major regulatory hubs, including the U.S., U.K., Canada, Japan, and Australia.
With over $7.8 billion in client assets and over 4,000 staff, StoneX group entities traded over $4.4 trillion in volume in 2023, as of its latest annual report for that year. As an early pioneer in offering online forex trading in the U.S., FOREX.com remains one of the largest retail FX brokers globally. Read more on Wikipedia.
About the Editorial Team
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
John Bringans is the Managing Editor at ForexBrokers.com. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.