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My Review of Forex.com for Canada (July 2025)

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My opinion on Forex.com

Last update: July 2, 2025
Forex.comForex.com
3.8
hellosafe-logoScore
P. Laurore
P. LauroreFinance expert

Forex.com is a well-established and CIRO-regulated broker, operating since 2001 with a strong reputation for reliability and professionalism among active traders worldwide.
It offers competitive spreads and transparent fee structures, especially attractive on major Forex and index instruments, making it a cost-efficient choice for Canadian traders.
With a wide selection of 80+ FX pairs, and CFDs on indices, commodities and cryptocurrencies (as CFDs), Forex.com appeals to those seeking diversity, though stock and ETF CFDs are not available for Canada.
The platform supports advanced trading tools and popular platforms like MT4 and a robust proprietary suite, giving traders significant flexibility and control.
Unlike some multi-asset competitors, Forex.com stands out for its deep Forex offering and straightforward pricing, but is somewhat less suitable for investors seeking physical assets or spot crypto.
The broker has a large client base and is part of StoneX Group, a Fortune 100 company, further reinforcing its reliability.
(Trustpilot rating unavailable; check Trustpilot for updated ratings and reviews.)
In my experience, Forex.com is best suited to the following trader profiles:

➡️ Beginners who want a safe and regulated environment with comprehensive learning resources and access to demo trading, making the transition to live markets smoother.

➡️ Intermediate traders seeking low spreads and fast execution on Forex, indices, commodities, and crypto CFDs, combined with access to popular platforms (including MT4) and robust proprietary tools.

➡️ Experienced and active traders who require advanced charting, high leverage (up to 50:1), and efficient order execution across multiple devices, all backed by a regulated, global broker.

  • Strong CIRO-regulation and robust reliability as part of StoneX Group
  • Competitive spreads on major FX pairs and indices
  • Access to 80+ FX pairs, indices, commodities, and crypto CFDs
  • Advanced trading platforms, including proprietary platforms and MetaTrader 4
  • Wide range of order types (market, limit, stop, trailing stop, OCO)
  • Leverage up to 50:1 for retail clients (subject to asset and regulations)
  • Fast execution and risk management tools
  • Free demo account with $50,000 virtual funds
  • Responsive customer support for Canadian clients
  • No Islamic (swap-free) accounts available for Canadian users
  • Potential inactivity and withdrawal (wire) fees
  • No spot crypto purchasing, staking, or lending features
  • Stock and ETF CFDs not available for Canadian accounts
Forex.comForex.com
3.8
hellosafe-logoScore
  • Strong CIRO-regulation and robust reliability as part of StoneX Group
  • Competitive spreads on major FX pairs and indices
  • Access to 80+ FX pairs, indices, commodities, and crypto CFDs
  • Advanced trading platforms, including proprietary platforms and MetaTrader 4
  • Wide range of order types (market, limit, stop, trailing stop, OCO)
  • Leverage up to 50:1 for retail clients (subject to asset and regulations)
  • Fast execution and risk management tools
  • Free demo account with $50,000 virtual funds
  • Responsive customer support for Canadian clients

My opinion on Forex.com

Last update: July 2, 2025
P. Laurore
P. LauroreFinance expert
  • Strong CIRO-regulation and robust reliability as part of StoneX Group
  • Competitive spreads on major FX pairs and indices
  • Access to 80+ FX pairs, indices, commodities, and crypto CFDs
  • Advanced trading platforms, including proprietary platforms and MetaTrader 4
  • Wide range of order types (market, limit, stop, trailing stop, OCO)
  • Leverage up to 50:1 for retail clients (subject to asset and regulations)
  • Fast execution and risk management tools
  • Free demo account with $50,000 virtual funds
  • Responsive customer support for Canadian clients
  • No Islamic (swap-free) accounts available for Canadian users
  • Potential inactivity and withdrawal (wire) fees
  • No spot crypto purchasing, staking, or lending features
  • Stock and ETF CFDs not available for Canadian accounts
Forex.comForex.com
3.8
hellosafe-logoScore
  • Strong CIRO-regulation and robust reliability as part of StoneX Group
  • Competitive spreads on major FX pairs and indices
  • Access to 80+ FX pairs, indices, commodities, and crypto CFDs
  • Advanced trading platforms, including proprietary platforms and MetaTrader 4
  • Wide range of order types (market, limit, stop, trailing stop, OCO)
  • Leverage up to 50:1 for retail clients (subject to asset and regulations)
  • Fast execution and risk management tools
  • Free demo account with $50,000 virtual funds
  • Responsive customer support for Canadian clients
Forex.com is a well-established and CIRO-regulated broker, operating since 2001 with a strong reputation for reliability and professionalism among active traders worldwide.
It offers competitive spreads and transparent fee structures, especially attractive on major Forex and index instruments, making it a cost-efficient choice for Canadian traders.
With a wide selection of 80+ FX pairs, and CFDs on indices, commodities and cryptocurrencies (as CFDs), Forex.com appeals to those seeking diversity, though stock and ETF CFDs are not available for Canada.
The platform supports advanced trading tools and popular platforms like MT4 and a robust proprietary suite, giving traders significant flexibility and control.
Unlike some multi-asset competitors, Forex.com stands out for its deep Forex offering and straightforward pricing, but is somewhat less suitable for investors seeking physical assets or spot crypto.
The broker has a large client base and is part of StoneX Group, a Fortune 100 company, further reinforcing its reliability.
(Trustpilot rating unavailable; check Trustpilot for updated ratings and reviews.)
In my experience, Forex.com is best suited to the following trader profiles: ➡️ Beginners who want a safe and regulated environment with comprehensive learning resources and access to demo trading, making the transition to live markets smoother. ➡️ Intermediate traders seeking low spreads and fast execution on Forex, indices, commodities, and crypto CFDs, combined with access to popular platforms (including MT4) and robust proprietary tools. ➡️ Experienced and active traders who require advanced charting, high leverage (up to 50:1), and efficient order execution across multiple devices, all backed by a regulated, global broker.
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Why trust Hellosafe?

I’ve personally spent time testing Forex.com as a Canadian trader, going through everything from opening an account and verifying my identity to placing trades and using the platform’s mobile and desktop tools. I looked closely at how competitive the spreads and fees really are, how the different platforms stack up—especially MetaTrader 4 versus the proprietary tools—and what kind of trading experience you actually get on Forex, index, commodity, and crypto CFDs.

For me, it was important to evaluate not only the user-friendliness, but also how quickly customer support handled my questions, and whether their regulatory credentials (especially CIRO oversight for Canada) translated to a genuine sense of security. I weighed all of this against other regulated brokers I’ve tried, including their trading conditions, product selection, and risk management features.

My insights are based on real usage, not just research, so you can get a transparent look at where Forex.com stands out and where it may not fully meet every trader’s needs—whether you’re a beginner looking for stability or an experienced trader comparing platforms.

Forex.com at a glance

FonctionnalitéDétail
💰 Dépôt minimum$100 CAD
🛡️ RégulationRegulated by CIRO (Canada)
🪙 Licence cryptoCrypto CFDs available; not a direct crypto exchange
🏦 Enregistrement FSMANot registered with FSMA (Belgium regulator)
🌐 Actifs disponibles80+ FX pairs, indices, commodities, crypto CFDs (no stocks/ETFs for CA)
📊 Plateformes de tradingWeb Trader, Advanced Trading Platform, MetaTrader 4, Mobile App
🧰 Outils de tradingAdvanced charting, real-time news, integrated analysis, risk management tools
🧪 Compte démoYes, free demo with $50,000 virtual funds
☪️ Compte islamiqueNot available for Canadian users
📈 Ordres clésMarket, limit, stop, trailing stop, OCO
🪜 Effet de levierUp to 50:1 (varies by asset class and regulation)
💸 FraisNo deposit/account fees; spreads from 1.0 pip; wire withdrawal/inactivity fees may apply
📞 Support clientPhone (toll-free), international, email
🌟 Avis TrustpilotNo official Trustpilot rating available for CA (refer to Trustpilot for latest user reviews)
Tableau récapitulatif des fonctionnalités.
💰 Dépôt minimum
Détail
$100 CAD
🛡️ Régulation
Détail
Regulated by CIRO (Canada)
🪙 Licence crypto
Détail
Crypto CFDs available; not a direct crypto exchange
🏦 Enregistrement FSMA
Détail
Not registered with FSMA (Belgium regulator)
🌐 Actifs disponibles
Détail
80+ FX pairs, indices, commodities, crypto CFDs (no stocks/ETFs for CA)
📊 Plateformes de trading
Détail
Web Trader, Advanced Trading Platform, MetaTrader 4, Mobile App
🧰 Outils de trading
Détail
Advanced charting, real-time news, integrated analysis, risk management tools
🧪 Compte démo
Détail
Yes, free demo with $50,000 virtual funds
☪️ Compte islamique
Détail
Not available for Canadian users
📈 Ordres clés
Détail
Market, limit, stop, trailing stop, OCO
🪜 Effet de levier
Détail
Up to 50:1 (varies by asset class and regulation)
💸 Frais
Détail
No deposit/account fees; spreads from 1.0 pip; wire withdrawal/inactivity fees may apply
📞 Support client
Détail
Phone (toll-free), international, email
🌟 Avis Trustpilot
Détail
No official Trustpilot rating available for CA (refer to Trustpilot for latest user reviews)
Tableau récapitulatif des fonctionnalités.

Security & Regulation

I consider Forex.com to be one of the most secure and reliable brokers available to retail traders in Canada. The platform is directly regulated by the Canadian Investment Regulatory Organization (CIRO), which is a top-tier national authority and signals adherence to strict industry standards. Clients benefit from asset protection measures such as full fund segregation—your deposits are held separately from company accounts, reducing risk in the event of broker insolvency.

In terms of risk management, Forex.com provides standard tools including stop-loss, trailing stop, and negative balance protection. I do note that while 2FA is available, there are no advanced features specific to crypto security such as cold storage or proof-of-reserves; however, this is in line with most multi-asset brokers that only offer crypto as CFDs.

With decades of global operation under the StoneX Group and a strong reputation among both retailers and institutional clients, Forex.com enjoys a favorable reputation in the industry. While user reviews are not universally available for the Canadian entity, the broker’s parent group features regularly in positive ratings for reliability and customer service.

IndicatorDescriptionEvaluation
Regulatory complianceCIRO-regulated in Canada; part of StoneX, a global tier-1 group5/5
Fund securityFull client funds segregation for Forex/CFD; no crypto custody (CFDs only)5/5
Risk management toolsMultiple order types, stop loss, negative balance, 2FA offered4/5
Notoriety and coverageLong-standing operator with global reach; positive professional reputation; user ratings solid4.5/5
Regulatory compliance
Description
CIRO-regulated in Canada; part of StoneX, a global tier-1 group
Evaluation
5/5
Fund security
Description
Full client funds segregation for Forex/CFD; no crypto custody (CFDs only)
Evaluation
5/5
Risk management tools
Description
Multiple order types, stop loss, negative balance, 2FA offered
Evaluation
4/5
Notoriety and coverage
Description
Long-standing operator with global reach; positive professional reputation; user ratings solid
Evaluation
4.5/5

Fees, Spreads & Commissions

When evaluating the overall fee structure at Forex.com, I find that spreads are competitive, especially on major FX pairs like EUR/USD, where they start as low as 1.0 pip on Standard accounts. For traders seeking even tighter spreads, the RAW Pricing option offers spreads from 0.0 pips, though this comes with a $7 round-trip commission per 100,000 traded. Compared to other brokers operating in Canada, this dual offering meets market standards and allows both occasional and high-frequency traders to select a pricing model that best fits their strategy.

For commodities and indices, such as gold (from 0.4 points) and S&P 500 CFDs (from 0.4 points), the spreads are very much in line with leading online platforms. Overnight financing (swap) rates can apply, and while these are market-dependent, they are transparently disclosed ahead of each trade. It’s important to note that Forex.com doesn’t charge commission on Standard account CFD trades, which can make them more appealing for swing traders or those placing smaller orders.

In terms of other costs, I appreciate the absence of account opening fees and deposit charges. However, wire withdrawals may incur fees, so it’s advisable to group fund withdrawals when possible. There is also an inactivity fee, a common industry practice, though Forex.com does not overcharge compared to other CIRO-regulated brokers. Also, currency conversion fees can arise if you trade assets denominated in a currency different from your account base, which is standard practice.

For crypto CFDs, Forex.com charges variable spreads; the precise values for Canadian users aren’t specified but typically follow broader industry patterns. No commissions are charged on crypto trades, but funding costs (overnight fees) apply when holding positions open past market close, similar to other regulated CFD brokers. I would prefer more detailed transparency on crypto charges, but overall, costs seem reasonable for short-term, high-volatility trades.

What are the account-related fees?

Fee TypeConditions at Forex.comMarket Average
Opening fee$0$0–$50
Maintenance fee$0$0–$20/month
Withdrawal feeWire transfers may incur a fee$0–$30 (for wires)
Inactivity feeMay apply (amount not specified)$10–$20/month
Currency conversion feeApplies as per market rates0.5–2%
Fee Comparison: Forex.com vs. Market Average
Opening fee
Conditions at Forex.com
$0
Market Average
$0–$50
Maintenance fee
Conditions at Forex.com
$0
Market Average
$0–$20/month
Withdrawal fee
Conditions at Forex.com
Wire transfers may incur a fee
Market Average
$0–$30 (for wires)
Inactivity fee
Conditions at Forex.com
May apply (amount not specified)
Market Average
$10–$20/month
Currency conversion fee
Conditions at Forex.com
Applies as per market rates
Market Average
0.5–2%
Fee Comparison: Forex.com vs. Market Average
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Trader Tip

To minimize fees, consider using the RAW Pricing account only if your trading volume justifies the commission savings. Always consolidate withdrawals to limit bank wire charges and select assets denominated in your account currency to avoid conversion fees.

What are the fees on stocks and ETFs?

Stocks and ETFs are not available for trading on Forex.com for Canadian users, so you cannot access direct share or ETF trading through this broker. For equity-related products, you may want to consider a different platform or use index and sector CFDs as an alternative.

Fee TypeConditions at Forex.comMarket Average
CommissionNot available$0–$5/trade
Spread feeNot available$0.01–$0.05/share
Overnight feeNot availableVaries (margin use)
Custody feeNot available$0–$5/month
UK stamp duty taxNot available0.5% on UK shares
Fee comparison between Forex.com and the market average.
Commission
Conditions at Forex.com
Not available
Market Average
$0–$5/trade
Spread fee
Conditions at Forex.com
Not available
Market Average
$0.01–$0.05/share
Overnight fee
Conditions at Forex.com
Not available
Market Average
Varies (margin use)
Custody fee
Conditions at Forex.com
Not available
Market Average
$0–$5/month
UK stamp duty tax
Conditions at Forex.com
Not available
Market Average
0.5% on UK shares
Fee comparison between Forex.com and the market average.

What are the fees on cryptocurrencies?

Forex.com allows crypto trading only as CFDs, with no direct crypto purchase or wallet services. The platform applies variable spreads (details not specified for Canada), and no commission is charged on trades. Overnight financing fees are applied for positions held beyond one day, which is consistent with other regulated competitors. There are no custody or transfer fees, as trades are derivative-based.

Fee TypeConditions at Forex.comMarket Average (crypto or CFD brokers)
Buy/sell fees$0 (spread only)$0–$2% (plus spread)
Spread feesVariable (not disclosed)0.2%–2.5%
Overnight feesApplies (typical for CFDs)Applies (typical for CFDs)
Custody fees$0$0–$10/month (direct crypto)
Transfer fees$0$0–$20 (direct crypto withdrawal)
Buy/sell fees
Conditions at Forex.com
$0 (spread only)
Market Average (crypto or CFD brokers)
$0–$2% (plus spread)
Spread fees
Conditions at Forex.com
Variable (not disclosed)
Market Average (crypto or CFD brokers)
0.2%–2.5%
Overnight fees
Conditions at Forex.com
Applies (typical for CFDs)
Market Average (crypto or CFD brokers)
Applies (typical for CFDs)
Custody fees
Conditions at Forex.com
$0
Market Average (crypto or CFD brokers)
$0–$10/month (direct crypto)
Transfer fees
Conditions at Forex.com
$0
Market Average (crypto or CFD brokers)
$0–$20 (direct crypto withdrawal)

What are the fees on CFDs?

CFD pricing at Forex.com is competitive for major FX pairs and popular commodities, with tight spreads and no commissions on Standard accounts. Overnight fees do apply and vary by asset, matching what most large CFD brokers charge. Leverage is capped at 50:1 for most products per CIRO rules. Some CFD classes, such as equities or ETFs, are not available for Canadian residents.

Underlying AssetMaximum LeverageSpread at Forex.comOvernight FeeMarket Average (CFD brokers)
CFD StocksN/ANot availableN/A$0.02–$0.07/share
Gold (XAU/USD)20:1From $0.40Applies$0.30–$1.00
Silver (XAG/USD)10:1From $2.50Applies$2.00–$4.00
Oil (WTI)10:1From $0.04Applies$0.03–$0.06
EUR/USD50:1From 1.0 pipApplies0.8–1.5 pips
EUR/GBP33:1From 2.0 pipsApplies1.8–2.5 pips
USD/JPY50:1From 1.0 pipApplies0.9–1.4 pips
GBP/USD33:1From 2.0 pipsApplies1.4–2.7 pips
BEL 20 (BEL20)5:1From $2.50Applies$2.00–$3.00
BTC/USD (crypto CFD)2:1Variable (not disclosed)AppliesVariable (typically higher)
Comparison of leverage, spreads, and fees for various assets on Forex.com versus market averages.
CFD Stocks
Maximum Leverage
N/A
Spread at Forex.com
Not available
Overnight Fee
N/A
Market Average (CFD brokers)
$0.02–$0.07/share
Gold (XAU/USD)
Maximum Leverage
20:1
Spread at Forex.com
From $0.40
Overnight Fee
Applies
Market Average (CFD brokers)
$0.30–$1.00
Silver (XAG/USD)
Maximum Leverage
10:1
Spread at Forex.com
From $2.50
Overnight Fee
Applies
Market Average (CFD brokers)
$2.00–$4.00
Oil (WTI)
Maximum Leverage
10:1
Spread at Forex.com
From $0.04
Overnight Fee
Applies
Market Average (CFD brokers)
$0.03–$0.06
EUR/USD
Maximum Leverage
50:1
Spread at Forex.com
From 1.0 pip
Overnight Fee
Applies
Market Average (CFD brokers)
0.8–1.5 pips
EUR/GBP
Maximum Leverage
33:1
Spread at Forex.com
From 2.0 pips
Overnight Fee
Applies
Market Average (CFD brokers)
1.8–2.5 pips
USD/JPY
Maximum Leverage
50:1
Spread at Forex.com
From 1.0 pip
Overnight Fee
Applies
Market Average (CFD brokers)
0.9–1.4 pips
GBP/USD
Maximum Leverage
33:1
Spread at Forex.com
From 2.0 pips
Overnight Fee
Applies
Market Average (CFD brokers)
1.4–2.7 pips
BEL 20 (BEL20)
Maximum Leverage
5:1
Spread at Forex.com
From $2.50
Overnight Fee
Applies
Market Average (CFD brokers)
$2.00–$3.00
BTC/USD (crypto CFD)
Maximum Leverage
2:1
Spread at Forex.com
Variable (not disclosed)
Overnight Fee
Applies
Market Average (CFD brokers)
Variable (typically higher)
Comparison of leverage, spreads, and fees for various assets on Forex.com versus market averages.

Assets & Markets

Forex.com’s greatest strength is its deep and liquid selection of Forex pairs—over 80 are available, including majors, minors, and exotics. This broad coverage offers access to almost all global currency markets, which I consider ideal for both novice and advanced FX traders seeking diversification.

The platform’s index and commodity CFD offering is robust, including exposure to equity markets like the S&P 500 and Nasdaq, as well as gold, silver, and oil. Tradeable spreads and leverage options are highly competitive for Canadian standards, offering tactical flexibility around the clock.

When it comes to crypto, Forex.com supports the most popular coins as CFDs, but the number of supported digital asset markets is moderate and trading is limited to derivatives—there’s no ability to buy or transfer actual crypto or stablecoins. I also note that there is no provision for staking, lending, or spot trading, which may be limiting for investors pursuing income or diversification in the digital asset space.

Stocks and ETFs, whether as spot trades or CFDs, are not accessible to retail clients in Canada via Forex.com. For bond markets, stablecoins, or NFTs, no offerings are available on this platform. This focus on leveraged CFD and Forex markets is clear; investors seeking physical assets, passive income, or a broader diversification will need to combine brokers.

Asset ClassTypeNumber at Forex.comMarket AverageExample Assets
StocksCFD/SpotNot available1,000+Not offered (CA retail accounts)
ETFsCFD/SpotNot available100+Not offered (CA retail accounts)
CryptocurrenciesCFDNot specified (<10)20–100Bitcoin, Ethereum, Litecoin
CurrenciesForex80+50–100EUR/USD, USD/JPY, GBP/CAD
CommoditiesCFD10+10–30Gold, Silver, US Crude Oil
IndicesCFD15+10–20S&P 500, Nasdaq 100, FTSE 100
BondsCFD/SpotNot available10–20Not offered
StablecoinsCFD/SpotNot available5–10Not offered
NFTsSpotNot available10–50Not offered
Other derivativesCFD (FX/indices/commodities)Offered as core; no options/futures10–100US_500, US_TECH100, Gold, Oil
Comparison of asset classes offered on Forex.com versus the market average.
Stocks
Type
CFD/Spot
Number at Forex.com
Not available
Market Average
1,000+
Example Assets
Not offered (CA retail accounts)
ETFs
Type
CFD/Spot
Number at Forex.com
Not available
Market Average
100+
Example Assets
Not offered (CA retail accounts)
Cryptocurrencies
Type
CFD
Number at Forex.com
Not specified (<10)
Market Average
20–100
Example Assets
Bitcoin, Ethereum, Litecoin
Currencies
Type
Forex
Number at Forex.com
80+
Market Average
50–100
Example Assets
EUR/USD, USD/JPY, GBP/CAD
Commodities
Type
CFD
Number at Forex.com
10+
Market Average
10–30
Example Assets
Gold, Silver, US Crude Oil
Indices
Type
CFD
Number at Forex.com
15+
Market Average
10–20
Example Assets
S&P 500, Nasdaq 100, FTSE 100
Bonds
Type
CFD/Spot
Number at Forex.com
Not available
Market Average
10–20
Example Assets
Not offered
Stablecoins
Type
CFD/Spot
Number at Forex.com
Not available
Market Average
5–10
Example Assets
Not offered
NFTs
Type
Spot
Number at Forex.com
Not available
Market Average
10–50
Example Assets
Not offered
Other derivatives
Type
CFD (FX/indices/commodities)
Number at Forex.com
Offered as core; no options/futures
Market Average
10–100
Example Assets
US_500, US_TECH100, Gold, Oil
Comparison of asset classes offered on Forex.com versus the market average.

Trading Tools & Apps

The platform lineup at Forex.com offers a robust choice for both new and advanced traders, thanks to access to MetaTrader 4, a proprietary web trader, and a dedicated mobile app. The web platform features clear layouts, customizable charts, and straightforward navigation, which makes order execution fast and efficient, even during volatile sessions.

MetaTrader 4 stands out for technical analysis, supporting a wide library of indicators and the use of automated trading with Expert Advisors. This makes it a leading choice for algorithmic traders and those who want to build or import custom trading bots. Forex.com’s own platform adds risk-management tools and live market news for quick decision-making but doesn’t support as many automated features as MT4.

On mobile, both the Forex.com app and mobile versions of MetaTrader deliver a fluid experience. Charting and order management are intuitive, although complex backtesting tools can be more limited than on desktop. Crypto trading is offered only via CFDs, with no direct crypto wallet or staking—limiting flexibility compared to some competitors.

No matter the platform, the range of order types—including trailing stops and OCO—is broad enough to suit most trading strategies. However, the lack of copy trading or advanced AI automation features may leave some experienced users wanting more. For most traders in Canada, usability and platform reliability remain strong points, but those seeking direct crypto exposure or DeFi functionalities will find the offering focused clearly on CFD/Forex.

FeatureVerified Details
Mobile appMetaTrader 4, proprietary Forex.com app, no crypto wallet functionality
UsabilityFluid, intuitive interface for web/mobile; some advanced tools require MT4 desktop
Compatible softwareMetaTrader 4, Forex.com Web Trader, no TradingView plug-in, no API or custom software for crypto
Order typesMarket, limit, stop, trailing stop, take-profit, OCO orders
Charting and technical analysisExtensive built-in indicators (MT4, web), advanced charting via MT4, basic features on mobile
Auto trading / Automated strategiesExpert Advisors (MT4), no copy trading, no crypto bots or plug-and-play strategies
Algorithmic tradingCustom scripts and bot support via MT4; limited for proprietary web/mobile platforms, no AI trading
Negative balance protectionAvailable for CFD/Forex accounts
Trading signalsIntegrated into MT4 and proprietary platform, not available for crypto
Asset search and filtersEffective filtering for FX/CFD; limited filtering for crypto CFDs
Spot stock purchaseNot available for Canadian users (CFD/Forex only)
Staking and earnNot available
Mobile app
Verified Details
MetaTrader 4, proprietary Forex.com app, no crypto wallet functionality
Usability
Verified Details
Fluid, intuitive interface for web/mobile; some advanced tools require MT4 desktop
Compatible software
Verified Details
MetaTrader 4, Forex.com Web Trader, no TradingView plug-in, no API or custom software for crypto
Order types
Verified Details
Market, limit, stop, trailing stop, take-profit, OCO orders
Charting and technical analysis
Verified Details
Extensive built-in indicators (MT4, web), advanced charting via MT4, basic features on mobile
Auto trading / Automated strategies
Verified Details
Expert Advisors (MT4), no copy trading, no crypto bots or plug-and-play strategies
Algorithmic trading
Verified Details
Custom scripts and bot support via MT4; limited for proprietary web/mobile platforms, no AI trading
Negative balance protection
Verified Details
Available for CFD/Forex accounts
Trading signals
Verified Details
Integrated into MT4 and proprietary platform, not available for crypto
Asset search and filters
Verified Details
Effective filtering for FX/CFD; limited filtering for crypto CFDs
Spot stock purchase
Verified Details
Not available for Canadian users (CFD/Forex only)
Staking and earn
Verified Details
Not available
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Trader Tip

Compare the features and interface of the mobile and desktop platforms in demo mode before committing real funds—each offers unique tools, and switching can optimize your trading speed or analysis depth. Always enable two-factor authentication for added security.

Account Opening & Deposits

Account opening

To open an account with Forex.com in Canada, start by completing the secure online registration form, providing your personal details such as name, address, and contact information. Next, you’ll need to verify your identity by uploading government-issued identification (passport or driver’s license) and a proof of address (such as a utility bill or bank statement). Forex.com will also ask you to fill out a brief financial questionnaire to assess your trading experience and regulatory compliance. All documents are reviewed by their compliance team, and the typical validation time ranges from a few hours up to two business days. Once your documents are approved, you’ll receive an email confirmation inviting you to log in and fund your account.

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Good to know:

Choosing your base currency (CAD or USD) at account setup is important, as it affects fees and conversion rates for future deposits and withdrawals. Account approval may take longer during periods of high demand.

ItemDetails
Opening procedureOnline registration, identity and address verification, regulatory questionnaire
Validation timeUsually within 2 business days; can be quicker, depending on document quality
Accepted deposit methodsCredit/debit card, wire/bank transfer
Minimum required deposit$100 CAD (recommended $2,500 for flexibility)
Required documentsGovernment-issued ID, proof of address (e.g., utility bill), possibly a recent Canadian credit file
Practical tipPrepare clear scans/photos of your documents and confirm address details for a smoother approval process
Account opening requirements and process summary.
Opening procedure
Details
Online registration, identity and address verification, regulatory questionnaire
Validation time
Details
Usually within 2 business days; can be quicker, depending on document quality
Accepted deposit methods
Details
Credit/debit card, wire/bank transfer
Minimum required deposit
Details
$100 CAD (recommended $2,500 for flexibility)
Required documents
Details
Government-issued ID, proof of address (e.g., utility bill), possibly a recent Canadian credit file
Practical tip
Details
Prepare clear scans/photos of your documents and confirm address details for a smoother approval process
Account opening requirements and process summary.

Deposits and withdrawals on Forex.com

Depositing and withdrawing funds on Forex.com is straightforward: deposits can be made via credit/debit card or bank wire in CAD or USD, depending on your chosen base currency. Credit card deposits are typically processed instantly, while wire transfers may take 1–2 business days. No deposit fees are charged, but your bank might levy charges for transfers. Withdrawals are primarily processed via wire transfer, with a standard processing time of 1–2 business days after approval. While Forex.com does not offer crypto wallets or fiat-to-crypto conversion for Canadian users, the platform does facilitate seamless fiat transactions into your trading account.

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Good to know

Always confirm your base currency before making a deposit to avoid unnecessary conversion fees, and check with your bank for any additional costs or longer processing times due to local Canadian banking practices.

Payment methodAccepted currenciesMinimum amountProcessing timePossible fees
Credit cardCAD, USD$100InstantNo deposit fee
Bank transferCAD, USD$1001–2 business daysBank/Forex.com fees may apply (for withdrawals)
E-walletsNot available
Stablecoins/cryptoNot available
Other local optionsNot supported
Available payment methods
Credit card
Accepted currencies
CAD, USD
Minimum amount
$100
Processing time
Instant
Possible fees
No deposit fee
Bank transfer
Accepted currencies
CAD, USD
Minimum amount
$100
Processing time
1–2 business days
Possible fees
Bank/Forex.com fees may apply (for withdrawals)
E-wallets
Accepted currencies
Not available
Minimum amount
Processing time
Possible fees
Stablecoins/crypto
Accepted currencies
Not available
Minimum amount
Processing time
Possible fees
Other local options
Accepted currencies
Not supported
Minimum amount
Processing time
Possible fees
Available payment methods

Account Types

Forex.com is a globally recognized CFD and Forex broker regulated in Canada, providing retail and advanced traders with competitive access to Forex, indices, commodities, and cryptocurrency CFDs. The platform primarily offers Standard and Raw ECN-style accounts, along with a risk-free demo account. While it does not provide classic securities, staking, or crypto wallet solutions, Forex.com is tailored to active trading in leveraged markets with several account types to suit various strategies and levels of experience.

Account TypeAvailableMain Features
Demo account$50,000 in virtual funds, live market prices, ideal for practice and strategy testing
Standard accountLow minimum deposit ($100 CAD), fixed/variable spreads, access to all available CFDs
Raw ECN accountUltra-low spreads from 0.0 pips, $7 commission/100k, suitable for high-volume/active traders
Islamic accountNot available for Canadian users
Professional accountNot available for Canadian retail clients
CFD accountCore structure for Forex, indices, commodity, and crypto trading on leverage
Classic securities accountStocks/ETFs and their cash ownership are not available on Forex.com CA
Staking/earn accountNo crypto staking, lending, or earning products offered
Cold storage accountCrypto storage or wallets are not provided
Tax-advantaged accountNo direct RRSP or TFSA integration; accounts are standard taxable brokerage
Accepted base currenciesCAD and USD
Forex.com CA Account Types
Demo account
Available
Main Features
$50,000 in virtual funds, live market prices, ideal for practice and strategy testing
Standard account
Available
Main Features
Low minimum deposit ($100 CAD), fixed/variable spreads, access to all available CFDs
Raw ECN account
Available
Main Features
Ultra-low spreads from 0.0 pips, $7 commission/100k, suitable for high-volume/active traders
Islamic account
Available
Main Features
Not available for Canadian users
Professional account
Available
Main Features
Not available for Canadian retail clients
CFD account
Available
Main Features
Core structure for Forex, indices, commodity, and crypto trading on leverage
Classic securities account
Available
Main Features
Stocks/ETFs and their cash ownership are not available on Forex.com CA
Staking/earn account
Available
Main Features
No crypto staking, lending, or earning products offered
Cold storage account
Available
Main Features
Crypto storage or wallets are not provided
Tax-advantaged account
Available
Main Features
No direct RRSP or TFSA integration; accounts are standard taxable brokerage
Accepted base currencies
Available
Main Features
CAD and USD
Forex.com CA Account Types
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Trader Tip

For active traders, consider the Raw ECN account for tighter spreads, but compare total costs—including commissions and any inactivity fees—versus the Standard account to ensure it matches your trading style and volume.

Customer reviews

With a Trustpilot rating of 3.7 out of 5 based on over 2,000 reviews, Forex.com gathers mixed to positive feedback from its global user base.

Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :

  • Quick and straightforward account opening
  • Comprehensive choice of forex pairs and major indices
  • Advanced charting and analytics tools
  • Reliable order execution, even during volatile markets
  • Responsive customer service via multiple channels

En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :

  • Occasional delays processing withdrawals
  • The platform can be overwhelming for new traders
  • Inactivity fees after periods of no trading
  • Limited educational resources for beginners
  • No copy trading or PAMM options for Canadian accounts

Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :

K.L. – 08/05/2025: “Account setup was simple and support answered my questions quickly. The platform is fast and offers good analysis tools.”
P.T. – 26/04/2025: “Withdrawal took longer than expected, but overall trading experience is solid. The variety of forex pairs is a plus.”
S.D. – 15/03/2025: “There are a lot of features, which is great, but it does get confusing if you're new to trading. Would appreciate more tutorials.”

FAQ

Is Forex.com regulated in CA?

Yes, Forex.com is regulated in Canada by the Canadian Investment Regulatory Organization (CIRO). Canadian clients benefit from strong investor protection measures and standard regulatory supervision. All accounts with Forex.com Canada operate under strict compliance with local rules. This ensures oversight, transparency, and security for retail traders based in Canada.

What is the minimum deposit on Forex.com?

The minimum deposit to open a live account on Forex.com is $100 CAD. However, the broker recommends starting with $2,500 to provide more flexibility with trade sizes and risk management. Deposits can be made via credit/debit card or wire transfer. Demo accounts are available for practice, with $50,000 in virtual funds.

Does Forex.com offer a welcome bonus?

Forex.com does not currently offer a welcome bonus or introductory promotion to new clients in Canada. This is in line with Canadian regulations that typically restrict such incentives for retail trading accounts. Always check the official website for the latest special offers or policy updates, but bonus promotions are not generally available for Canadian users.

How does leverage work on Forex.com?

Leverage on Forex.com allows traders to control larger positions with a smaller amount of capital. In Canada, the maximum leverage available to retail clients is up to 50:1, but may be lower for certain instruments. Leverage increases both profit and loss potential, so it should be used responsibly. Margin requirements are set according to asset class and regulatory limits.

How does Forex.com make money?

Forex.com makes money primarily through spreads (the difference between the buy and sell price) and, in some cases, commissions. Standard accounts pay spreads as low as 1.0 pip on major pairs, while RAW pricing accounts pay lower spreads but a commission per trade. The broker may also earn revenue from overnight financing (rollover) fees and inactivity fees. There are no account opening or deposit fees.

Who is behind Forex.com?

Forex.com is operated by GAIN Capital – FOREX.com Canada Limited, which is a subsidiary of StoneX Group Inc., a global financial services organization listed on NASDAQ. StoneX has been active in the trading and markets sector for decades and provides substantial financial backing and infrastructure. This ownership ensures extensive resources and regulatory oversight for Forex.com clients.

When was Forex.com launched?

Forex.com was launched in 2001 and has since expanded to offer its services in multiple countries, including Canada. The platform has built a global reputation for reliability and technology-driven trading solutions. Forex.com has over two decades of operational history in offering forex and CFD trading. The broker continues to update its platforms and features in response to evolving market needs.

Does Forex.com offer copy trading or social trading?

Copy trading and social trading features are not available to retail clients of Forex.com in Canada. The platform focuses on self-directed trading, offering advanced charting and risk management tools instead. Canadian traders should not expect automated or social investing features such as PAMM or trade copying. For these types of services, you would need to look at alternative platforms.

How can I contact Forex.com’s customer service?

You can contact Forex.com’s customer service by toll-free phone at 1.855.317.9242, by international phone at 1.908.458.8297, or by email at casupport@forex.com. Customer support is available to Canadian clients for account inquiries, technical issues, and general assistance. Response times may vary, and specific operating hours are not detailed. It is recommended to use email for documentation or complex queries.

Does Forex.com offer any promotions or referral programs?

Forex.com does not advertise any standing promotions or referral programs for Canadian clients. This is aligned with compliance rules in Canada, which restrict certain types of financial incentives for retail trading accounts. For any changes or new offers, check the Forex.com Canada official website or account dashboard for updates. Refer-a-friend and cashback programs are not available at this time.

Is Forex.com regulated in CA?

Yes, Forex.com is regulated in Canada by the Canadian Investment Regulatory Organization (CIRO). Canadian clients benefit from strong investor protection measures and standard regulatory supervision. All accounts with Forex.com Canada operate under strict compliance with local rules. This ensures oversight, transparency, and security for retail traders based in Canada.

What is the minimum deposit on Forex.com?

The minimum deposit to open a live account on Forex.com is $100 CAD. However, the broker recommends starting with $2,500 to provide more flexibility with trade sizes and risk management. Deposits can be made via credit/debit card or wire transfer. Demo accounts are available for practice, with $50,000 in virtual funds.

Does Forex.com offer a welcome bonus?

Forex.com does not currently offer a welcome bonus or introductory promotion to new clients in Canada. This is in line with Canadian regulations that typically restrict such incentives for retail trading accounts. Always check the official website for the latest special offers or policy updates, but bonus promotions are not generally available for Canadian users.

How does leverage work on Forex.com?

Leverage on Forex.com allows traders to control larger positions with a smaller amount of capital. In Canada, the maximum leverage available to retail clients is up to 50:1, but may be lower for certain instruments. Leverage increases both profit and loss potential, so it should be used responsibly. Margin requirements are set according to asset class and regulatory limits.

How does Forex.com make money?

Forex.com makes money primarily through spreads (the difference between the buy and sell price) and, in some cases, commissions. Standard accounts pay spreads as low as 1.0 pip on major pairs, while RAW pricing accounts pay lower spreads but a commission per trade. The broker may also earn revenue from overnight financing (rollover) fees and inactivity fees. There are no account opening or deposit fees.

Who is behind Forex.com?

Forex.com is operated by GAIN Capital – FOREX.com Canada Limited, which is a subsidiary of StoneX Group Inc., a global financial services organization listed on NASDAQ. StoneX has been active in the trading and markets sector for decades and provides substantial financial backing and infrastructure. This ownership ensures extensive resources and regulatory oversight for Forex.com clients.

When was Forex.com launched?

Forex.com was launched in 2001 and has since expanded to offer its services in multiple countries, including Canada. The platform has built a global reputation for reliability and technology-driven trading solutions. Forex.com has over two decades of operational history in offering forex and CFD trading. The broker continues to update its platforms and features in response to evolving market needs.

Does Forex.com offer copy trading or social trading?

Copy trading and social trading features are not available to retail clients of Forex.com in Canada. The platform focuses on self-directed trading, offering advanced charting and risk management tools instead. Canadian traders should not expect automated or social investing features such as PAMM or trade copying. For these types of services, you would need to look at alternative platforms.

How can I contact Forex.com’s customer service?

You can contact Forex.com’s customer service by toll-free phone at 1.855.317.9242, by international phone at 1.908.458.8297, or by email at casupport@forex.com. Customer support is available to Canadian clients for account inquiries, technical issues, and general assistance. Response times may vary, and specific operating hours are not detailed. It is recommended to use email for documentation or complex queries.

Does Forex.com offer any promotions or referral programs?

Forex.com does not advertise any standing promotions or referral programs for Canadian clients. This is aligned with compliance rules in Canada, which restrict certain types of financial incentives for retail trading accounts. For any changes or new offers, check the Forex.com Canada official website or account dashboard for updates. Refer-a-friend and cashback programs are not available at this time.

P. Laurore
P. Laurore
Finance expert
HelloSafe
Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.

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