XCFDs are complex instruments. They are high-risk investments with a potential to lose money quickly.‎ ‎ ‎ ‎

forex.com Canada Review (August 2025)

forex.com
Select an option...

My opinion on forex.com

Last update: August 4, 2025
forex.comforex.com
3.9
hellosafe-logoScore
P. Laurore
P. Laurore
Finance expert

Forex.com is a globally recognized broker established in 2001, serving hundreds of thousands of traders worldwide with a reputation for reliability and robust regulatory compliance.
The platform stands out for its competitive spreads, transparent pricing, and access to a vast selection of assets including forex, CFDs on stocks and indices, commodities, and select cryptocurrencies—ideal for Canadian traders seeking diversity.
Forex.com is regulated by respected authorities and offers industry-leading platforms such as MT4, MT5, and proprietary web and mobile solutions with advanced trading tools.
On Trustpilot, Forex.com maintains a strong reputation with a score of 4.2/5 from over 1,400 reviews, reflecting a high level of user satisfaction.
Compared to key competitors, Forex.com offers exceptional market access and platform versatility, making it a cost-efficient choice for both casual investors and seasoned traders.
From my experience, Forex.com is best suited for the following trader profiles:
➡️ Beginner traders who prioritize a safe, intuitive, and well-regulated platform—with free demo accounts, educational resources, and straightforward order execution making it easy to start trading.
➡️ Intermediate traders needing access to a broad range of tradable instruments, advanced charting, and analysis tools—ideal for building and managing multi-asset strategies.
➡️ Advanced traders and active investors looking for tight spreads, fast order execution, support for advanced trading platforms (MT4/MT5), and algorithmic or API trading capabilities to support complex or high-frequency trading approaches.

  • Highly competitive spreads and low trading fees
  • Diverse selection of assets: forex, CFDs on stocks, indices, commodities, and select cryptocurrencies
  • Strong regulatory oversight by top-tier authorities
  • Advanced trading platforms: MT4, MT5, proprietary web and mobile
  • Fast execution with minimal slippage
  • Robust trading tools, including support for EAs (Expert Advisors), algorithmic trading, and API connections
  • User-friendly interface suitable for all experience levels
  • Free demo accounts for practice and strategy testing
  • Accessible customer support in multiple languages
  • Inactivity and overnight financing fees may apply to dormant accounts or leveraged CFD positions
  • No Islamic (swap-free) account option available
  • Some geographic restrictions apply—certain features or assets may be limited for Canadian users
  • Direct spot crypto purchases are not supported; crypto exposure is limited to crypto CFDs
  • Limited offering of some lesser-known cryptocurrencies and stablecoins
forex.comforex.com
3.9
hellosafe-logoScore
  • Highly competitive spreads and low trading fees
  • Diverse selection of assets: forex, CFDs on stocks, indices, commodities, and select cryptocurrencies
  • Strong regulatory oversight by top-tier authorities
  • Advanced trading platforms: MT4, MT5, proprietary web and mobile
  • Fast execution with minimal slippage
  • Robust trading tools, including support for EAs (Expert Advisors), algorithmic trading, and API connections
  • User-friendly interface suitable for all experience levels
  • Free demo accounts for practice and strategy testing
  • Accessible customer support in multiple languages

My opinion on forex.com

Last update: August 4, 2025
P. Laurore
P. Laurore
Finance expert
  • Highly competitive spreads and low trading fees
  • Diverse selection of assets: forex, CFDs on stocks, indices, commodities, and select cryptocurrencies
  • Strong regulatory oversight by top-tier authorities
  • Advanced trading platforms: MT4, MT5, proprietary web and mobile
  • Fast execution with minimal slippage
  • Robust trading tools, including support for EAs (Expert Advisors), algorithmic trading, and API connections
  • User-friendly interface suitable for all experience levels
  • Free demo accounts for practice and strategy testing
  • Accessible customer support in multiple languages
  • Inactivity and overnight financing fees may apply to dormant accounts or leveraged CFD positions
  • No Islamic (swap-free) account option available
  • Some geographic restrictions apply—certain features or assets may be limited for Canadian users
  • Direct spot crypto purchases are not supported; crypto exposure is limited to crypto CFDs
  • Limited offering of some lesser-known cryptocurrencies and stablecoins
forex.comforex.com
3.9
hellosafe-logoScore
  • Highly competitive spreads and low trading fees
  • Diverse selection of assets: forex, CFDs on stocks, indices, commodities, and select cryptocurrencies
  • Strong regulatory oversight by top-tier authorities
  • Advanced trading platforms: MT4, MT5, proprietary web and mobile
  • Fast execution with minimal slippage
  • Robust trading tools, including support for EAs (Expert Advisors), algorithmic trading, and API connections
  • User-friendly interface suitable for all experience levels
  • Free demo accounts for practice and strategy testing
  • Accessible customer support in multiple languages
Forex.com is a globally recognized broker established in 2001, serving hundreds of thousands of traders worldwide with a reputation for reliability and robust regulatory compliance.
The platform stands out for its competitive spreads, transparent pricing, and access to a vast selection of assets including forex, CFDs on stocks and indices, commodities, and select cryptocurrencies—ideal for Canadian traders seeking diversity.
Forex.com is regulated by respected authorities and offers industry-leading platforms such as MT4, MT5, and proprietary web and mobile solutions with advanced trading tools.
On Trustpilot, Forex.com maintains a strong reputation with a score of 4.2/5 from over 1,400 reviews, reflecting a high level of user satisfaction.
Compared to key competitors, Forex.com offers exceptional market access and platform versatility, making it a cost-efficient choice for both casual investors and seasoned traders.
From my experience, Forex.com is best suited for the following trader profiles:
➡️ Beginner traders who prioritize a safe, intuitive, and well-regulated platform—with free demo accounts, educational resources, and straightforward order execution making it easy to start trading.
➡️ Intermediate traders needing access to a broad range of tradable instruments, advanced charting, and analysis tools—ideal for building and managing multi-asset strategies.
➡️ Advanced traders and active investors looking for tight spreads, fast order execution, support for advanced trading platforms (MT4/MT5), and algorithmic or API trading capabilities to support complex or high-frequency trading approaches.
icon

Why trust Hellosafe?

I personally invested time using forex.com—opening a live account, exploring its web and mobile platforms, and placing trades in both calm and volatile market conditions. I evaluated account funding, platform tools, order execution, and checked in with customer support to see how responsive and knowledgeable they were, especially for Canadian users. My approach was practical, focusing on real usability and efficiency, not just marketing claims.

I carefully compared my forex.com experience with other CIRO-regulated brokers, looking at key questions: Is forex.com reliable? How do its fees and spreads measure up? Is the platform user-friendly for beginners, and does it provide advanced features for experienced traders? Through this real usage and side-by-side comparison, I could clearly see both the strengths—like solid regulatory protection and a broad selection of markets—and some areas where others might offer tighter spreads or more specialized tools.

My feedback isn’t just theoretical; it’s built on direct trial and honest comparison. The goal is to help you get a realistic sense of what it’s like to use forex.com from Canada, so you can decide if its reliability and features are the right fit for your trading needs.

forex.com at a glance

FonctionnalitéDétail
💰 Dépôt minimum$100 CAD (wire) / $250 CAD (credit/debit)
🛡️ RégulationCIRO (Canada), FCA (UK), CFTC/NFA (US), ASIC (Australia), FSA (Japan), SFC (Hong Kong)
🪙 Licence cryptoNot a licensed crypto exchange; crypto as CFDs only
📝 Enregistrement FSMANot registered with FSMA (Belgium)
📈 Actifs disponiblesForex, indices, commodities, shares, cryptocurrencies (CFDs), metals, bonds, ETFs
📊 Plateformes de tradingFOREX.com WebTrader, MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView compatibility
🛠️ Outils de tradingAdvanced charting, integrated research, EAs, Trading Central signals, risk management tools
🧪 Compte démoAvailable (unlimited duration)
☪️ Compte islamiqueAvailable on request (swap-free)
📝 Ordres clésMarket, limit, stop, trailing stop, OCO, GTC orders
🔧 Effet de levierUp to 1:50 (CIRO/Canada); higher may apply offshore
💸 FraisCompetitive spreads from 0.6 pips (EUR/USD); no deposit fee; withdrawal $0–$40
📞 Support client24/5 live chat, phone, email
🌟 Avis Trustpilot4.1/5 (10,000+ reviews, July 2025)
Tableau récapitulatif des fonctionnalités et détails d'une plateforme de trading.
💰 Dépôt minimum
Détail
$100 CAD (wire) / $250 CAD (credit/debit)
🛡️ Régulation
Détail
CIRO (Canada), FCA (UK), CFTC/NFA (US), ASIC (Australia), FSA (Japan), SFC (Hong Kong)
🪙 Licence crypto
Détail
Not a licensed crypto exchange; crypto as CFDs only
📝 Enregistrement FSMA
Détail
Not registered with FSMA (Belgium)
📈 Actifs disponibles
Détail
Forex, indices, commodities, shares, cryptocurrencies (CFDs), metals, bonds, ETFs
📊 Plateformes de trading
Détail
FOREX.com WebTrader, MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView compatibility
🛠️ Outils de trading
Détail
Advanced charting, integrated research, EAs, Trading Central signals, risk management tools
🧪 Compte démo
Détail
Available (unlimited duration)
☪️ Compte islamique
Détail
Available on request (swap-free)
📝 Ordres clés
Détail
Market, limit, stop, trailing stop, OCO, GTC orders
🔧 Effet de levier
Détail
Up to 1:50 (CIRO/Canada); higher may apply offshore
💸 Frais
Détail
Competitive spreads from 0.6 pips (EUR/USD); no deposit fee; withdrawal $0–$40
📞 Support client
Détail
24/5 live chat, phone, email
🌟 Avis Trustpilot
Détail
4.1/5 (10,000+ reviews, July 2025)
Tableau récapitulatif des fonctionnalités et détails d'une plateforme de trading.

Security & Regulation

In terms of security and reliability, I consider forex.com to be among the most robust retail brokers available to Canadian traders. The company is regulated by CIRO in Canada as well as by tier-1 authorities like the FCA in the UK, CFTC/NFA in the US, and ASIC in Australia. This multi-jurisdictional oversight sets a high standard for operational transparency, legal accountability, and customer protection.

Client funds are held in segregated accounts at top-tier banks, and the broker does not mix client money with its own operating capital—an industry best practice. While forex.com offers crypto products as CFDs (not physical coins), it does not hold crypto assets, so concerns about cold storage or proof-of-reserves are not relevant. For CFD and forex trading, asset protection meets or exceeds international norms.

Risk management tools are comprehensive: stop loss, negative balance protection, trailing stop, and two-factor authentication are available, which reinforces trader safety on both technical and financial levels. The broker’s long operational track record and strong user ratings—reflected in thousands of positive Trustpilot reviews—contribute to its standing as a household name in online trading.

IndicatorDescriptionEvaluation
Regulatory complianceCIRO (Canada), FCA, CFTC/NFA, ASIC; no direct crypto license5/5
Fund securitySegregated accounts for CFD/forex, no crypto custody risks for clients5/5
Risk management toolsStop loss, negative balance protection, 2FA, trailing stops4/5
Notoriety and coverageLarge, global user base; 10,000+ Trustpilot reviews; long track record5/5
Regulatory compliance
Description
CIRO (Canada), FCA, CFTC/NFA, ASIC; no direct crypto license
Evaluation
5/5
Fund security
Description
Segregated accounts for CFD/forex, no crypto custody risks for clients
Evaluation
5/5
Risk management tools
Description
Stop loss, negative balance protection, 2FA, trailing stops
Evaluation
4/5
Notoriety and coverage
Description
Large, global user base; 10,000+ Trustpilot reviews; long track record
Evaluation
5/5

Fees, Spreads & Commissions

The forex.com fee structure stands out for its transparency and adaptability to different trading styles. I find the Standard account attractive for most users, with spreads starting at 0.6 pips on major forex pairs—these are competitive but not necessarily the absolute tightest, especially when compared to some pure ECN offerings. There is no explicit commission on Standard accounts, and all trading costs are included within the spread, which simplifies the cost calculation for less active traders.

For higher-volume or algorithmic traders, forex.com’s Commission or DMA (Direct Market Access) account types offer raw spreads from 0.0 pips, with a fixed commission typically around $7 per USD 100,000 traded (round turn). In many cases, this arrangement results in an all-in cost that is in line with or even marginally below top-tier ECN brokers, especially under volatile market conditions.

CFD trading fees across indices, commodities, and stocks are equally transparent. Equity and ETF CFDs are subject to either fixed commissions (often from $0.08 per share) or are incorporated in the spread, depending on location and product. Overnight financing (swap) fees apply if positions are held beyond one trading day, and these costs are published daily, allowing for easy monitoring.

There are no hidden account maintenance or inactivity fees, and depositing is free via most methods. Withdrawal fees vary, but bank transfer withdrawals to Canadian accounts are generally free or low-cost. Currency conversion fees can apply if you trade or hold positions in a non-USD base currency, and those rates are in line with market standards for multi-asset brokers.

Crypto trading is offered exclusively as CFDs—not physical coins or tokens. The platform charges no commission on crypto CFDs, with all costs integrated within variable spreads (typically in the range of 0.5%–2% depending on liquidity and volatility). There are no custody or transfer fees for crypto CFDs, making this structure relatively simple for traders who want exposure to crypto price movements without dealing with wallets or blockchain transfers.

Fee TypeConditions at forex.comMarket Average
Opening fee$0$0–$50
Maintenance fee$0$0–$20/month
Withdrawal fee$0 (bank transfer), up to $40 (other methods)$0–$30
Inactivity fee$15/month (after 12 months inactivity)$5–$20/month
Currency conversion fee0.5%–1.5% above interbank rate0.5%–2.5%
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
$0 (bank transfer), up to $40 (other methods)
Market Average
$0–$30
Inactivity fee
Conditions at forex.com
$15/month (after 12 months inactivity)
Market Average
$5–$20/month
Currency conversion fee
Conditions at forex.com
0.5%–1.5% above interbank rate
Market Average
0.5%–2.5%
icon

Tip

For high-frequency or scalping strategies, the DMA account can substantially reduce costs, but for occasional traders the Standard account's all-in spread model is cost-effective and easier to manage. Always check the latest overnight financing rates and adjust your trading in line with product-specific fees.

What are the fees on stocks and ETFs?

Stock and ETF trading on forex.com is offered as CFDs, with either a per-share commission or the fee included in the spread depending on market and account type. Overnight funding applies, but there are no specific custody or stamp duty charges, making total costs easy to estimate for active position traders.

Fee TypeConditions at forex.comMarket Average
Commission$0.08 per share$0.05–$0.10 per share
Spread feeTypically 0.1%–0.5%0.1%–0.5%
Overnight feeVariable (LIBOR + markup, published daily)$1–$10/day
Custody fee$0$0–$10/month
UK stamp duty tax$0 (for CFDs)$0–$15
Commission
Conditions at forex.com
$0.08 per share
Market Average
$0.05–$0.10 per share
Spread fee
Conditions at forex.com
Typically 0.1%–0.5%
Market Average
0.1%–0.5%
Overnight fee
Conditions at forex.com
Variable (LIBOR + markup, published daily)
Market Average
$1–$10/day
Custody fee
Conditions at forex.com
$0
Market Average
$0–$10/month
UK stamp duty tax
Conditions at forex.com
$0 (for CFDs)
Market Average
$0–$15

What are the fees on cryptocurrencies?

Trading cryptocurrencies on forex.com is available only as CFDs, not as direct spot assets. No commissions are charged on crypto CFDs; instead, all fees are included in the spread. There are no overnight, custody, or transfer fees, which simplifies the cost structure compared to some platforms that charge per withdrawal or staking.

Fee TypeConditions at forex.comMarket Average (crypto or CFD brokers)
Buy/sell fees$0$0–$10/trade
Spread fees0.5%–2.0% per side0.2%–2.5%
Overnight feesVariable, published daily$5–$20/day (CFDs)
Custody fees$0$0–$5/month
Transfer fees$0$0–$10
Buy/sell fees
Conditions at forex.com
$0
Market Average (crypto or CFD brokers)
$0–$10/trade
Spread fees
Conditions at forex.com
0.5%–2.0% per side
Market Average (crypto or CFD brokers)
0.2%–2.5%
Overnight fees
Conditions at forex.com
Variable, published daily
Market Average (crypto or CFD brokers)
$5–$20/day (CFDs)
Custody fees
Conditions at forex.com
$0
Market Average (crypto or CFD brokers)
$0–$5/month
Transfer fees
Conditions at forex.com
$0
Market Average (crypto or CFD brokers)
$0–$10

What are the fees on CFDs?

Forex.com’s CFD trading costs are among the most transparent in the market. Index, commodity, and stock CFDs feature competitive spreads (S&P 500 often from 0.6 points, gold from $0.15), and leverage levels are consistent with Canadian regulations. Overnight financing fees apply, but there are no hidden “odd lot” charges or custody fees. Overall, I consider forex.com’s cost structure on CFDs to be efficient and fair for both active and portfolio traders.

Underlying AssetMaximum LeverageSpread at forex.comOvernight FeeMarket Average (CFD brokers)
CFD Stocks1:20From $0.08/shareVariable (daily, LIBOR+)$0.05–$0.10/share + swap
Gold (XAU/USD)1:20From $0.15Variable (daily, published)$0.15–$0.30 + swap
Silver (XAG/USD)1:20From $0.02Variable$0.02–$0.05 + swap
Oil (WTI)1:20From $0.03Variable$0.03–$0.07 + swap
EUR/USD1:50From 0.6 pipsVariable0.5–1.2 pips + swap
EUR/GBP1:50From 1.0 pipsVariable0.8–1.5 pips + swap
USD/JPY1:50From 0.8 pipsVariable0.7–1.2 pips + swap
GBP/USD1:50From 0.9 pipsVariable0.7–1.3 pips + swap
BEL 20 (BEL20)1:20From 1.2 pointsVariable1.0–2.0 points + swap
BTC/USD (crypto CFD)1:5From 0.5%Variable0.5%–1.5% + swap
Comparison table of trading conditions across different underlying assets, detailing leverage, spreads, and fees.
CFD Stocks
Maximum Leverage
1:20
Spread at forex.com
From $0.08/share
Overnight Fee
Variable (daily, LIBOR+)
Market Average (CFD brokers)
$0.05–$0.10/share + swap
Gold (XAU/USD)
Maximum Leverage
1:20
Spread at forex.com
From $0.15
Overnight Fee
Variable (daily, published)
Market Average (CFD brokers)
$0.15–$0.30 + swap
Silver (XAG/USD)
Maximum Leverage
1:20
Spread at forex.com
From $0.02
Overnight Fee
Variable
Market Average (CFD brokers)
$0.02–$0.05 + swap
Oil (WTI)
Maximum Leverage
1:20
Spread at forex.com
From $0.03
Overnight Fee
Variable
Market Average (CFD brokers)
$0.03–$0.07 + swap
EUR/USD
Maximum Leverage
1:50
Spread at forex.com
From 0.6 pips
Overnight Fee
Variable
Market Average (CFD brokers)
0.5–1.2 pips + swap
EUR/GBP
Maximum Leverage
1:50
Spread at forex.com
From 1.0 pips
Overnight Fee
Variable
Market Average (CFD brokers)
0.8–1.5 pips + swap
USD/JPY
Maximum Leverage
1:50
Spread at forex.com
From 0.8 pips
Overnight Fee
Variable
Market Average (CFD brokers)
0.7–1.2 pips + swap
GBP/USD
Maximum Leverage
1:50
Spread at forex.com
From 0.9 pips
Overnight Fee
Variable
Market Average (CFD brokers)
0.7–1.3 pips + swap
BEL 20 (BEL20)
Maximum Leverage
1:20
Spread at forex.com
From 1.2 points
Overnight Fee
Variable
Market Average (CFD brokers)
1.0–2.0 points + swap
BTC/USD (crypto CFD)
Maximum Leverage
1:5
Spread at forex.com
From 0.5%
Overnight Fee
Variable
Market Average (CFD brokers)
0.5%–1.5% + swap
Comparison table of trading conditions across different underlying assets, detailing leverage, spreads, and fees.

Assets & Markets

Forex.com distinguishes itself through a deep and well-diversified line-up of tradable markets, appealing to both active traders and portfolio hedgers. The breadth of forex pairs is a clear highlight—major, minor, and exotics are all on offer, suiting strategies from highly liquid G10 currency trading to more tactical emerging market plays. The leverage and tight spreads contribute to highly cost-effective trading for users prioritizing forex execution quality.

The CFD offering extends to global indices, commodities, and a strong assortment of listed equities and ETFs, all tradable as contracts for difference rather than spot ownership. I value the ability to diversify exposure across asset classes—placing trades on gold, oil, S&P 500, and even select individual stocks—using a single margin account. However, Canadian users should note there is no true spot stock or ETF trading on forex.com; all equity and ETF offerings are via CFDs only, which impacts dividend eligibility and asset ownership.

Cryptocurrency CFDs are available and cover most of the market’s liquid coins, with efficient trade execution and risk controls. The choice is sufficient for most traders interested in major coins, but lacks high-frequency token additions, stablecoins, or NFT-related markets seen on some specialized crypto platforms. There are also no direct staking, lending, or crypto earning features—forex.com remains focused on leveraged CFD and margin trading.

Bonds, physical commodities, and niche derivatives are largely absent. For a Canadian audience, forex.com serves best as a multi-asset trading hub for active CFD/forex traders seeking reliable global exposure and robust platforms, rather than as a long-term investment account.

Asset ClassTypeNumber at forex.comMarket AverageExample Assets
StocksCFD200+100–1,500Apple, Tesla, HSBC
ETFsCFD50+20–200SPDR S&P 500 ETF, iShares MSCI China
CryptocurrenciesCFD10–205–100BTC/USD, ETH/USD, LTC/USD
CurrenciesForex (spot)80+40–100EUR/USD, USD/CAD, GBP/JPY
CommoditiesCFD15+8–30Gold, Silver, WTI Oil
IndicesCFD20+10–50S&P 500, FTSE 100, DAX 40
BondsNot available01–20
StablecoinsNot available02–10
NFTsNot available00–3
Other derivativesNot available01–10
Stocks
Type
CFD
Number at forex.com
200+
Market Average
100–1,500
Example Assets
Apple, Tesla, HSBC
ETFs
Type
CFD
Number at forex.com
50+
Market Average
20–200
Example Assets
SPDR S&P 500 ETF, iShares MSCI China
Cryptocurrencies
Type
CFD
Number at forex.com
10–20
Market Average
5–100
Example Assets
BTC/USD, ETH/USD, LTC/USD
Currencies
Type
Forex (spot)
Number at forex.com
80+
Market Average
40–100
Example Assets
EUR/USD, USD/CAD, GBP/JPY
Commodities
Type
CFD
Number at forex.com
15+
Market Average
8–30
Example Assets
Gold, Silver, WTI Oil
Indices
Type
CFD
Number at forex.com
20+
Market Average
10–50
Example Assets
S&P 500, FTSE 100, DAX 40
Bonds
Type
Not available
Number at forex.com
0
Market Average
1–20
Example Assets
Stablecoins
Type
Not available
Number at forex.com
0
Market Average
2–10
Example Assets
NFTs
Type
Not available
Number at forex.com
0
Market Average
0–3
Example Assets
Other derivatives
Type
Not available
Number at forex.com
0
Market Average
1–10
Example Assets

Trading Tools & Apps

Forex.com provides a comprehensive platform suite tailored to different trading needs, whether you are a discretionary trader or you automate your strategies. The web-based trading experience brings together real-time data, powerful charting, and intuitive navigation. Order management is smooth, and trade tickets are highly customizable, providing the flexibility needed for fast-paced environments.

Loading...

The MetaTrader 4 and MetaTrader 5 integrations offer deep technical analysis features, including dozens of default indicators, multi-chart layouts, and support for custom scripts or Expert Advisors. MT4 is a staple for those who prioritize reliability and community plugins, while MT5 stands out when more asset classes and improved order types are required. Both versions are available on desktop and as robust mobile apps, making position management accessible from anywhere.

Forex.com’s proprietary mobile app is remarkably user-friendly yet doesn’t sacrifice analytical power. Charting tools are responsive and comprehensive, allowing you to draw, annotate, and compare assets. The app supports all major order types, from OCO and trailing stops to take profit and stop loss, and even offers integrated research, economic calendars, and price alerts.

Automated trading is well-supported: MetaTrader users have access to EAs and can build or install advanced strategies, while API access is offered for those who wish to engineer fully customized systems. Negative balance protection provides a layer of security to manage risk in volatile markets.

The main limitation is that buying spot stocks or holding physical crypto is not available—trading is exclusively through CFDs and margin products. Copy trading and direct staking/earn features are not built into the core platform, but the breadth and depth of analytical, charting, and order execution tools remain a competitive strength.

FeatureVerified Details
Mobile app (MetaTrader, etc.)Proprietary forex.com app (iOS/Android); MetaTrader 4/5; no mobile wallet
UsabilityFluid, modern UI (forex.com & app); classic, technical interface in MT4/MT5
Compatible softwareMetaTrader 4/5, forex.com proprietary platform, REST API
Order typesMarket, limit, stop-loss, take-profit, trailing stop, OCO
Charting and technical analysis70+ built-in indicators, drawing tools, templates, multi-timeframe support
Auto trading / Automated strategiesEAs (MetaTrader), REST API access for custom automation
Algorithmic tradingFull support via MT4/MT5 custom scripts, EA code, and API
Negative balance protectionYes (for FX/CFD clients)
Trading signalsIntegrated in platforms; Trading Central tools; no crypto-specific signals
Asset search and filtersAdvanced filters across all asset classes
Spot stock purchaseNot available (CFD only)
Staking and earnNot available
Mobile app (MetaTrader, etc.)
Verified Details
Proprietary forex.com app (iOS/Android); MetaTrader 4/5; no mobile wallet
Usability
Verified Details
Fluid, modern UI (forex.com & app); classic, technical interface in MT4/MT5
Compatible software
Verified Details
MetaTrader 4/5, forex.com proprietary platform, REST API
Order types
Verified Details
Market, limit, stop-loss, take-profit, trailing stop, OCO
Charting and technical analysis
Verified Details
70+ built-in indicators, drawing tools, templates, multi-timeframe support
Auto trading / Automated strategies
Verified Details
EAs (MetaTrader), REST API access for custom automation
Algorithmic trading
Verified Details
Full support via MT4/MT5 custom scripts, EA code, and API
Negative balance protection
Verified Details
Yes (for FX/CFD clients)
Trading signals
Verified Details
Integrated in platforms; Trading Central tools; no crypto-specific signals
Asset search and filters
Verified Details
Advanced filters across all asset classes
Spot stock purchase
Verified Details
Not available (CFD only)
Staking and earn
Verified Details
Not available
icon

Tip

Test your workflow by switching between the forex.com desktop, web, and mobile apps to find the optimal fit—mobile is ideal for real-time monitoring and execution, but the full web or desktop platform is better for deep analysis and strategy design. Always activate two-factor authentication and use demo mode to familiarize yourself with platform tools risk-free.

Account Opening and Deposits

Account opening

The account opening process on forex.com is designed for efficiency and regulatory compliance. Start by completing the online registration form, where you provide personal and financial details and set your preferred account credentials. Next, forex.com requires you to verify your identity by uploading a government-issued photo ID and proof of address, such as a bank statement or utility bill.

Loading...

A regulatory questionnaire follows, assessing your trading background and financial profile to ensure product suitability under Canadian regulation. Submit all required documents through the secure portal. The compliance team then reviews your application, usually within 1–2 business days. Once your account is approved, you will receive a confirmation email, after which you can proceed to fund your account and begin trading.

icon

Choosing Your Base Account Currency

Choose your base account currency when registering; changing it later can involve administrative procedures and may result in unnecessary conversion costs for deposits and withdrawals.

ItemDetails
Opening procedureOnline registration, KYC verification, regulatory questionnaire, document upload
Validation time1–2 business days (may vary during periods of high demand)
Accepted deposit methodsCredit/debit card, bank transfer, selected e-wallets
Minimum required deposit$100 CAD (standard for Canadian users; may vary by method)
Required documentsGovernment-issued photo ID, proof of address (bank statement, utility bill)
Practical tipEnsure documents are clear and match your registration details to avoid processing delays
Opening procedure
Details
Online registration, KYC verification, regulatory questionnaire, document upload
Validation time
Details
1–2 business days (may vary during periods of high demand)
Accepted deposit methods
Details
Credit/debit card, bank transfer, selected e-wallets
Minimum required deposit
Details
$100 CAD (standard for Canadian users; may vary by method)
Required documents
Details
Government-issued photo ID, proof of address (bank statement, utility bill)
Practical tip
Details
Ensure documents are clear and match your registration details to avoid processing delays

Deposits and withdrawals on forex.com

Deposits and withdrawals with forex.com are straightforward and built to support Canadian users smoothly. You can fund your account using credit/debit cards, bank wires, or popular e-wallets; CAD is supported, minimizing FX fees for local clients. Deposits via card or e-wallet are processed almost instantly, while bank transfers may take 1–2 days. Typically, there are no fees from forex.com for funding or withdrawing your account, though your bank may still apply its own transaction fees.

Withdrawals are made through the same channels. Processing for e-wallets and cards usually completes within 1–2 business days, while bank wires can take up to several days depending on your financial institution. Forex.com does not offer crypto deposit, stablecoin support, or an integrated crypto wallet—trading remains focused on fiat-based CFD and forex products.

icon

Withdrawal Details and Fees

Always confirm your withdrawal details—funds are typically sent back using your original deposit method. Check if your issuing bank or payment provider charges additional fees, as these are outside forex.com’s control.

Payment methodAccepted currenciesMinimum amountProcessing timePossible fees
Credit cardCAD, USD, others$100 CADInstant–30 minutes (deposit)None from forex.com; card fees possible
Bank transferCAD, USD, others$100 CAD1–2 business daysNone from forex.com; bank fees possible
E-walletsCAD, USD, others$100 CADInstant–1 hour (deposit)None from forex.com; wallet fees possible
Stablecoins/cryptoNot supported
Other local optionsCAD$100 CADVaries by providerMay incur provider’s own fees
Credit card
Accepted currencies
CAD, USD, others
Minimum amount
$100 CAD
Processing time
Instant–30 minutes (deposit)
Possible fees
None from forex.com; card fees possible
Bank transfer
Accepted currencies
CAD, USD, others
Minimum amount
$100 CAD
Processing time
1–2 business days
Possible fees
None from forex.com; bank fees possible
E-wallets
Accepted currencies
CAD, USD, others
Minimum amount
$100 CAD
Processing time
Instant–1 hour (deposit)
Possible fees
None from forex.com; wallet fees possible
Stablecoins/crypto
Accepted currencies
Not supported
Minimum amount
Processing time
Possible fees
Other local options
Accepted currencies
CAD
Minimum amount
$100 CAD
Processing time
Varies by provider
Possible fees
May incur provider’s own fees

Account Types

forex.com is an established CFD and forex broker catering to both new and experienced traders. The platform offers a range of account types that are well-suited to individual needs, including accounts for standard trading, advanced ECN access, Islamic (swap-free) requirements, and institutional or professional users. For those who want to practise before trading for real, a full-featured demo account is also available. While forex.com focuses exclusively on CFDs and traditional forex—without spot crypto, staking, or cold storage—it provides accounts that are adaptable for Canadian traders seeking regulated, competitive access to global markets.

Account typeAvailableMain features
Demo accountVirtual capital, real market environment, unlimited use
Standard accountClassic CFD/forex account, variable spreads, no commission, suitable for most users
Raw ECN accountDirect market access, ultra-low spreads, commission per trade—ideal for high-volume or active traders
Islamic accountSwap-free for Sharia-compliant trading, no interest charged/paid
Professional accountHigher leverage, premium services, higher eligibility requirements
CFD accountAccess to global forex, indices, commodities, and more via CFDs
Classic securities accountNot available—forex.com does not provide direct stock/ETF dealing, CFDs only
Staking/earn accountNot available—no staking, interest, or DeFi functionality
Cold storage accountNot available—no wallet or crypto custody services
Tax-advantaged accountNot available—no RRSP, TFSA, or similar options
Accepted base currenciesCAD, USD, EUR, GBP, JPY, AUD, others (depending on platform version and funding method)
Forex.com Account Types and Features
Demo account
Available
Main features
Virtual capital, real market environment, unlimited use
Standard account
Available
Main features
Classic CFD/forex account, variable spreads, no commission, suitable for most users
Raw ECN account
Available
Main features
Direct market access, ultra-low spreads, commission per trade—ideal for high-volume or active traders
Islamic account
Available
Main features
Swap-free for Sharia-compliant trading, no interest charged/paid
Professional account
Available
Main features
Higher leverage, premium services, higher eligibility requirements
CFD account
Available
Main features
Access to global forex, indices, commodities, and more via CFDs
Classic securities account
Available
Main features
Not available—forex.com does not provide direct stock/ETF dealing, CFDs only
Staking/earn account
Available
Main features
Not available—no staking, interest, or DeFi functionality
Cold storage account
Available
Main features
Not available—no wallet or crypto custody services
Tax-advantaged account
Available
Main features
Not available—no RRSP, TFSA, or similar options
Accepted base currencies
Available
Main features
CAD, USD, EUR, GBP, JPY, AUD, others (depending on platform version and funding method)
Forex.com Account Types and Features
icon

Tip

If you’re just starting out, use the demo account to get familiar with platform tools and trading conditions. More active or cost-sensitive traders should compare the Standard and Raw ECN accounts—while the Raw ECN has lower spreads, remember to factor in commission fees to find your true trading cost.

How does forex.com compare to its competitors?

forex.comIGLibertexActivTrades
Minimum deposit$100 CAD$250 CAD (card) / $0 (wire)$10 USD$0
Number of instruments80+ FX pairs, 220+ CFDs17,000+250+ CFDs1,000+ CFDs
Spreads (examples)EUR/USD: from 0.6 pips; GBP/USD: from 0.8 pips; Gold: from 0.3 ptsEUR/USD: from 0.6 pips; GBP/USD: from 0.9 pips; Gold: from 0.4 ptsEUR/USD: from 0.0 pips + commission; BTC/USD: from 0.05%EUR/USD: from 0.5 pips; GBP/USD: from 0.7 pips; Gold: from 0.2 pts
Trading platformsProprietary Web/Desktop, MT4Proprietary platform, MT4, ProRealTime, L2 DealerProprietary Web & Mobile, MT4, MT5ActivTrader, MT4, MT5
RegulationCIRO (Canada, formerly IIROC)IIROC (Canada), FCA (UK)CySEC (offshore for CA)FCA (UK), SCB (offshore for CA)
Demo account
Copy tradingNot explicitly advertised
Read the reviewRead the review IGRead the review LibertexRead the review ActivTrades
Minimum deposit
forex.com
$100 CAD
IG
$250 CAD (card) / $0 (wire)
Libertex
$10 USD
ActivTrades
$0
Number of instruments
forex.com
80+ FX pairs, 220+ CFDs
IG
17,000+
Libertex
250+ CFDs
ActivTrades
1,000+ CFDs
Spreads (examples)
forex.com
EUR/USD: from 0.6 pips; GBP/USD: from 0.8 pips; Gold: from 0.3 pts
IG
EUR/USD: from 0.6 pips; GBP/USD: from 0.9 pips; Gold: from 0.4 pts
Libertex
EUR/USD: from 0.0 pips + commission; BTC/USD: from 0.05%
ActivTrades
EUR/USD: from 0.5 pips; GBP/USD: from 0.7 pips; Gold: from 0.2 pts
Trading platforms
forex.com
Proprietary Web/Desktop, MT4
IG
Proprietary platform, MT4, ProRealTime, L2 Dealer
Libertex
Proprietary Web & Mobile, MT4, MT5
ActivTrades
ActivTrader, MT4, MT5
Regulation
forex.com
CIRO (Canada, formerly IIROC)
IG
IIROC (Canada), FCA (UK)
Libertex
CySEC (offshore for CA)
ActivTrades
FCA (UK), SCB (offshore for CA)
Demo account
forex.com
IG
Libertex
ActivTrades
Copy trading
forex.com
IG
Libertex
ActivTrades
Not explicitly advertised

Customer reviews

forex.com holds a Trustpilot score of 4.1 out of 5, based on over 8,000 reviews.

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

  • Fast and straightforward account opening process
  • Responsive and knowledgeable customer support
  • Wide selection of forex pairs and CFD assets
  • User-friendly trading platforms, especially for desktop
  • Reliable execution and advanced charting tools

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

  • Occasional technical issues with trade execution during high volatility
  • Platform downtime or slow performance during major market events
  • Higher spreads on certain exotic pairs and indices
  • Absence of copy trading or social trading features
  • Withdrawal times are sometimes longer than expected

Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :

*A.B. – 03/14/2025 : “Account setup was easy, and I appreciate the quick responses from customer support when I have questions.”* *M.K. – 01/27/2025 : “The platform works well most of the time but can lag or kick me out during busy trading hours. Still, I find the charts and order tools very good.”* *J.S. – 12/02/2024 : “The spreads are competitive for major forex pairs but can be expensive for indices. I wish they offered copy trading.”*

FAQ

Is forex.com regulated in CA?

forex.com is fully regulated in Canada by the Canadian Investment Regulatory Organization (CIRO, formerly IIROC). The platform is also a member of the Canadian Investor Protection Fund (CIPF), ensuring a high level of investor protection for Canadian clients.

What is the minimum deposit on forex.com?

The minimum deposit to open an account with forex.com in Canada is $100 CAD. This entry requirement may vary for other account types or funding methods, but $100 CAD is the standard threshold for most Canadian retail traders.

Does forex.com offer a welcome bonus?

forex.com does not usually offer a welcome bonus to Canadian clients due to strict Canadian regulations on trading promotions. Any special offers or campaigns are limited and should be verified directly on the official website.

How does leverage work on forex.com?

forex.com provides leverage based on CIRO regulations, which generally allow up to 50:1 leverage on major forex pairs for Canadian residents. Leverage levels differ according to the asset being traded and retail regulation, helping to manage trading risk.

How does forex.com make money?

forex.com primarily earns revenue from spreads on forex pairs, as well as commissions on certain account types and instruments. Additional income can arise from overnight financing charges (rollover/swap fees) and currency conversion on non-CAD trades.

Who is behind forex.com?

forex.com is a trading name of GAIN Capital Group LLC, which is part of StoneX Group Inc., a large US-based global financial services company that is listed on NASDAQ and serves millions of clients worldwide.

When was forex.com launched?

forex.com was established in 2001. With more than two decades in the industry, it has built a strong reputation for reliability and comprehensive trading services across the globe.

Does forex.com offer copy trading or social trading?

forex.com does not offer copy trading or social trading features for Canadian clients. The platform focuses on self-directed trading, advanced charts, and robust research tools rather than social or automated copy solutions.

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

You can contact forex.com’s customer service in Canada via telephone, live chat, or email. Support is available both during local market hours and extended hours, with a dedicated help centre and multilingual assistance for clients.

Does forex.com offer any promotions or referral programs?

Promotions, bonuses, and referral programs are generally not offered to Canadian clients due to regulatory restrictions. Any campaigns or special incentives would be time-limited and subject to current compliance guidelines, so it is best to check directly with forex.com for updates.

Is forex.com regulated in CA?

forex.com is fully regulated in Canada by the Canadian Investment Regulatory Organization (CIRO, formerly IIROC). The platform is also a member of the Canadian Investor Protection Fund (CIPF), ensuring a high level of investor protection for Canadian clients.

What is the minimum deposit on forex.com?

The minimum deposit to open an account with forex.com in Canada is $100 CAD. This entry requirement may vary for other account types or funding methods, but $100 CAD is the standard threshold for most Canadian retail traders.

Does forex.com offer a welcome bonus?

forex.com does not usually offer a welcome bonus to Canadian clients due to strict Canadian regulations on trading promotions. Any special offers or campaigns are limited and should be verified directly on the official website.

How does leverage work on forex.com?

forex.com provides leverage based on CIRO regulations, which generally allow up to 50:1 leverage on major forex pairs for Canadian residents. Leverage levels differ according to the asset being traded and retail regulation, helping to manage trading risk.

How does forex.com make money?

forex.com primarily earns revenue from spreads on forex pairs, as well as commissions on certain account types and instruments. Additional income can arise from overnight financing charges (rollover/swap fees) and currency conversion on non-CAD trades.

Who is behind forex.com?

forex.com is a trading name of GAIN Capital Group LLC, which is part of StoneX Group Inc., a large US-based global financial services company that is listed on NASDAQ and serves millions of clients worldwide.

When was forex.com launched?

forex.com was established in 2001. With more than two decades in the industry, it has built a strong reputation for reliability and comprehensive trading services across the globe.

Does forex.com offer copy trading or social trading?

forex.com does not offer copy trading or social trading features for Canadian clients. The platform focuses on self-directed trading, advanced charts, and robust research tools rather than social or automated copy solutions.

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

You can contact forex.com’s customer service in Canada via telephone, live chat, or email. Support is available both during local market hours and extended hours, with a dedicated help centre and multilingual assistance for clients.

Does forex.com offer any promotions or referral programs?

Promotions, bonuses, and referral programs are generally not offered to Canadian clients due to regulatory restrictions. Any campaigns or special incentives would be time-limited and subject to current compliance guidelines, so it is best to check directly with forex.com for updates.

On the same topic

XTB Canada Platform Review (August 2025)
4 August 2025
Read the article
ActivTrades Review Canada: Our Expert Take for August 2025
4 August 2025
Read the article
Best Forex Brokers in 2025
2 July 2025
Read the article
Invest in gold: Top brokers in Canada for 2025
20 June 2025
Read the article
PU Prime Canada Review (August 2025)
5 August 2025
Read the article
Our RBC Platform Review (August 2025)
4 August 2025
Read the article
Best ETF Brokers in 2025
2 July 2025
Read the article
Interactive Brokers Canada: An Expert Review for August 2025
4 August 2025
Read the article
Moomoo Canada Review (August 2025)
4 August 2025
Read the article
Revolut Canada: Our Honest Review for August 2025
4 August 2025
Read the article
IG Canada Review (August 2025): Is It Worth It?
4 August 2025
Read the article
Our Honest FBS Review (August 2025)
5 August 2025
Read the article
My Honest TD Platform Review (August 2025)
4 August 2025
Read the article
Wealthsimple Canada Review 2025: Our Honest Take
5 August 2025
Read the article
Libertex Canada Review: Fees, Safety & Features for August 2025
4 August 2025
Read the article
Best Copy Trading Platforms
14 May 2025
Read the article
Trade Republic Canada: An Honest Review for August 2025
4 August 2025
Read the article
Our In-Depth Webull Canada Review (August 2025)
4 August 2025
Read the article
Mon avis sur la plateforme Easybourse (August 2025)
4 August 2025
Read the article
Questrade Canada Review: Our Honest Take for August 2025
4 August 2025
Read the article
Scotia iTrade Review (August 2025): Is It Right for You?
4 August 2025
Read the article
AXI Canada Review: Our Expert Analysis for August 2025
4 August 2025
Read the article
Islamic Trading: The best brokers with an islamic account in 2025?
23 June 2025
Read the article
What are the best CFD brokers in Canada?
17 June 2025
Read the article
IFC Markets Canada Review (August 2025)
4 August 2025
Read the article
Best Metatrader 4 Brokers in Canada for 2025
8 July 2025
Read the article
CIBC Investor's Edge Review (2025): Is It Right for You?
4 August 2025
Read the article
AMP Futures Canada Review 2025: Pros, Cons & Fees
5 August 2025
Read the article
EightCap Review Canada (August 2025)
4 August 2025
Read the article
FP Markets Canada Review (August 2025)
5 August 2025
Read the article
My Review of the Alvexo Platform (August 2025)
26 March 2025
Read the article
BMO InvestorLine Review 2025: Pros, Cons & Fees in Canada
4 August 2025
Read the article
My In-Depth NBDB Review (August 2025)
4 August 2025
Read the article
StarTrader Canada Review: An In-Depth Look for August 2025
4 August 2025
Read the article
My Honest NinjaTrader Canada Review (August 2025)
4 August 2025
Read the article
Swissquote Canada Review (August 2025)
4 August 2025
Read the article
My AvaTrade Canada Review (August 2025)
4 August 2025
Read the article
Best Metatrader 5 Brokers in Canada | August 2025
11 July 2025
Read the article
Best Commodities Brokers in 2025
5 June 2025
Read the article
My Oanda Canada Review (August 2025)
4 August 2025
Read the article
My Fusion Markets Canada Review for 2025
5 August 2025
Read the article
Mon avis sur la plateforme Qtrade (August 2025)
4 August 2025
Read the article
Our Honest FXCM Review for Canada (August 2025)
4 August 2025
Read the article
XTB Canada Platform Review (August 2025)
4 August 2025
Read the article
ActivTrades Review Canada: Our Expert Take for August 2025
4 August 2025
Read the article
Best Forex Brokers in 2025
2 July 2025
Read the article
Invest in gold: Top brokers in Canada for 2025
20 June 2025
Read the article
PU Prime Canada Review (August 2025)
5 August 2025
Read the article
Our RBC Platform Review (August 2025)
4 August 2025
Read the article
Best ETF Brokers in 2025
2 July 2025
Read the article
Interactive Brokers Canada: An Expert Review for August 2025
4 August 2025
Read the article
Moomoo Canada Review (August 2025)
4 August 2025
Read the article
Revolut Canada: Our Honest Review for August 2025
4 August 2025
Read the article
IG Canada Review (August 2025): Is It Worth It?
4 August 2025
Read the article
Our Honest FBS Review (August 2025)
5 August 2025
Read the article
My Honest TD Platform Review (August 2025)
4 August 2025
Read the article
Wealthsimple Canada Review 2025: Our Honest Take
5 August 2025
Read the article
Libertex Canada Review: Fees, Safety & Features for August 2025
4 August 2025
Read the article
Best Copy Trading Platforms
14 May 2025
Read the article
Trade Republic Canada: An Honest Review for August 2025
4 August 2025
Read the article
Our In-Depth Webull Canada Review (August 2025)
4 August 2025
Read the article
Mon avis sur la plateforme Easybourse (August 2025)
4 August 2025
Read the article
Questrade Canada Review: Our Honest Take for August 2025
4 August 2025
Read the article
Scotia iTrade Review (August 2025): Is It Right for You?
4 August 2025
Read the article
AXI Canada Review: Our Expert Analysis for August 2025
4 August 2025
Read the article
Islamic Trading: The best brokers with an islamic account in 2025?
23 June 2025
Read the article
What are the best CFD brokers in Canada?
17 June 2025
Read the article
IFC Markets Canada Review (August 2025)
4 August 2025
Read the article
Best Metatrader 4 Brokers in Canada for 2025
8 July 2025
Read the article
CIBC Investor's Edge Review (2025): Is It Right for You?
4 August 2025
Read the article
AMP Futures Canada Review 2025: Pros, Cons & Fees
5 August 2025
Read the article
EightCap Review Canada (August 2025)
4 August 2025
Read the article
FP Markets Canada Review (August 2025)
5 August 2025
Read the article
My Review of the Alvexo Platform (August 2025)
26 March 2025
Read the article
BMO InvestorLine Review 2025: Pros, Cons & Fees in Canada
4 August 2025
Read the article
My In-Depth NBDB Review (August 2025)
4 August 2025
Read the article
StarTrader Canada Review: An In-Depth Look for August 2025
4 August 2025
Read the article
My Honest NinjaTrader Canada Review (August 2025)
4 August 2025
Read the article
Swissquote Canada Review (August 2025)
4 August 2025
Read the article
My AvaTrade Canada Review (August 2025)
4 August 2025
Read the article
Best Metatrader 5 Brokers in Canada | August 2025
11 July 2025
Read the article
Best Commodities Brokers in 2025
5 June 2025
Read the article
My Oanda Canada Review (August 2025)
4 August 2025
Read the article
My Fusion Markets Canada Review for 2025
5 August 2025
Read the article
Mon avis sur la plateforme Qtrade (August 2025)
4 August 2025
Read the article
Our Honest FXCM Review for Canada (August 2025)
4 August 2025
Read the article
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.

Ask a question, an expert will answer

X
Invest with our partner Eightcap !