How To Withdraw Money From Forex Tutorial
Summary
Recommended for forex traders looking for low fees and great research tools
Visit broker
77% of retail CFD accounts lose money
Forex.com is a global FX and CFD broker established in 2001. Forex.com is a brand of StoneX Financial Ltd, whose parent company StoneX Group Inc is listed on the NASDAQ Stock Exchange. The company is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK and the US Commodity Futures Trading Commission (CFTC).
Forex.com is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Forex.com pros and cons
Forex.com provides everything you need for forex trading: low forex fees, many currency pairs and lots of technical research tools.
At the same time, it lacks some popular asset classes, such as real stocks or bonds. Stock CFD fees are high, and the desktop trading platform is not user-friendly.
Pros | Cons |
---|---|
• Low forex fees | • Limited product portfolio |
• Great variety of currency pairs | • High stock CFD fees |
• Diverse technical research tools | • Non-user-friendly desktop platform |
🗺️ Country of regulation | UK, USA, Canada, Japan, Cayman Islands, Cyprus |
💰 Trading fees class | Low |
💰 Inactivity fee charged | Yes |
💰 Withdrawal fee amount | $0 |
💰 Minimum deposit | $100 |
🕖 Time to open an account | 1-3 days |
💳 Deposit with bank card | Available |
👛 Depositing with electronic wallet | Available |
💱 Number of base currencies supported | 6 |
🎮 Demo account provided | Yes |
🛍️ Products offered | Forex, CFD, Crypto |
Visit broker
77% of retail CFD accounts lose money
Forex.com review
Fees
To find out more about its trading and non-trading fees, visit Forex.com
Visit broker 77% of retail CFD accounts lose money
Compare to its best reviewed alternative: FXCM
Forex.com has low fees for forex trades and there is no withdrawal fee. On the other hand, stock CFD fees are high and there is an inactivity fee.
Pros | Cons |
---|---|
• Low forex fees | • Inactivity fee |
• No withdrawal fee | • High stock CFD fees |
• Low stock index CFD fees |
Assets | Fee level | Fee terms |
---|---|---|
EURUSD | Low | The fees are built into the spread, 1.4 pips is the average spread cost during peak trading hours. |
GBPUSD | Low | The fees are built into the spread, 2.1 pips is the average spread cost during peak trading hours. |
S&P 500 CFD | Low | The fees are built into the spread, 0.6 points is the average spread cost during peak trading hours. |
Inactivity fee | Low | £/$/€ 15 or JPY 1500 per month after one year of inactivity |
How we ranked fees
We ranked Forex.com's fee levels as low, average or high based on how they compare to those of all reviewed brokers.
First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.
- Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
- Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.
In the sections below, you will find the most relevant fees of Forex.com for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.
We also compared Forex.com's fees with those of two similar brokers we selected, FXCM and Pepperstone. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Forex.com alternatives.
To have a clear overview of Forex.com, let's start with the trading fees.
Forex.com trading fees
Forex.com trading fees are low.
We know it's hard to compare trading fees for forex brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.
We chose popular instruments in each asset class usually provided by forex brokers:
- Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP
- Stock index CFDs: SPX and EUSTX50
A typical trade means buying a leveraged product, holding it for one week and then selling. For the volume, we chose a $20,000 position for forex and a $2,000 position for stock index and stock CFD transactions. The leverage we used was:
- 30:1 for forex
- 20:1 for stock index CFDs
These catch-all benchmark fees includes spreads, commissions and financing costs for all brokers. Let's see the verdict for Forex.com fees.
Forex fees
Forex.comforex fees are low,below those of its closest competitors.
Forex.com | FXCM | Pepperstone | |
---|---|---|---|
EURUSD benchmark fee | $6.3 | $10.3 | $6.9 |
GBPUSD benchmark fee | $5.6 | $4.5 | $6.5 |
AUDUSD benchmark fee | $7.6 | $7.5 | $7.7 |
EURCHF benchmark fee | $6.3 | $3.5 | $3.7 |
EURGBP benchmark fee | $7.5 | $14.7 | $8.5 |
CFD fees
Forex.com has generally average CFD trading fees. The stock index CFD fees are low, while stock CFD fees are high.
Forex.com | FXCM | Pepperstone | |
---|---|---|---|
S&P 500 index CFD fee | $1.4 | $1.5 | $1.2 |
Europe 50 index CFD fee | $1.8 | $1.6 | $1.6 |
Apple CFD fee | $21.3 | $2.4 | $2.3 |
Vodafone CFD fee | $27.6 | - | - |
Stock index CFD fees are built into the spreads, while stock CFD fees are charged via commission.
Market | Commission | Minimum fee |
---|---|---|
US stocks | $0.018 per share | $10 |
UK stocks | 0.08% of the trade value | £10 |
Non-trading fees
Forex.com's non-trading fees are average overall. It doesn't charge withdrawal or account fees, but you have to pay a $15 (or currency equivalent) monthly fee after one year of inactivity.
Forex.com | FXCM | Pepperstone | |
---|---|---|---|
Account fee | No | No | No |
Inactivity fee | Yes | Yes | No |
Deposit fee | $0 | $0 | $0 |
Withdrawal fee | $0 | $0 | $0 |
Forex.com review
Account opening
To experience the account opening process, visit Forex.com
Visit broker 77% of retail CFD accounts lose money
Compare to its best reviewed alternative: FXCM
Forex.com's account opening is seamless and fully digital, with a low minimum deposit. On the other hand, account verification takes around 2 business days, which is not the fastest on the market.
Pros | Cons |
---|---|
• Fully digital | • Relatively slow account verification |
• Low minimum deposit | |
• User-friendly |
Can you open an account?
Visit broker
77% of retail CFD accounts lose money
Forex.com accepts customers from most countries, including the US. Notable exceptions include Hong Kong and New Zealand.
If you are from Australia, you can only open an account at City Index, another brand operated by StoneX Group.
What is the minimum deposit at Forex.com?
The required Forex.com minimum deposit is $100.This is a low amount as there are other brokers that require a minimum of $2,000 or more.
Account types
Forex.com provides three account types, which differ in their pricing structure and in the trading platforms available.
Type | Pricing | Trading platforms |
---|---|---|
Forex.com Account | Higher spread and no commission | Forex.com's own platforms |
MetaTrader Account | Higher spread and no commission | MT4 |
DMA Account | Lower spread and commission of $2 per lot per trade | Forex.com's own platforms |
When it comes to account ownership,Forex.com has additional options:
- Individual – owned by an individual
- Joint – owned by two or more individuals
- Corporate – owned by a legal entity
How to open your account
Forex.com has astraightforward and fully digital account opening process.Online registration takes only 10-15 minutes. Our account was verified in 2 business days, which is a bit slower than at some other brokers.
It takes four steps to open a Forex.com account:
- Choose whether you want to use Forex.com's own trading platform or MetaTrader 4, a third-party trading platform.
- Fill in your personal and financial information.
- Answer a couple of questions relating to your financial knowledge and trading history.
- Verify your identity and residency. You can upload a national ID card, passport or driver's license to verify your identity. Utility bills and bank statements are accepted as proof of residency.
We ran into some problems during account verification. Forex.com rejected the uploaded proof of residency but did not tell us the reason. We believe they should give more information when something goes wrong.

Forex.com review
Deposit and withdrawal
To find out more about the deposit and withdrawal process, visit Forex.com
Visit broker 77% of retail CFD accounts lose money
Compare to its best reviewed alternative: FXCM
Forex.com provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.
Pros | Cons |
---|---|
• Credit/Debit card available | • Problem with credit card withdrawal |
• Free withdrawal | |
• No deposit fee |
Account base currencies
At Forex.com, you can choose from 6 base currencies:EUR, GBP, USD, AUD, CHF, JPY.
Forex.com | FXCM | Pepperstone | |
---|---|---|---|
Number of base currencies | 6 | 4 | 9 |
Why does this matter? For two reasons. If you fund your account in the same currency as your bank account or you trade assets in the same currency as your account base currency, you don't have to pay a conversion fee.
A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.
Compare digital banks
Deposit fees and options
Forex.com charges no deposit fees. Besides bank transfer, you can use credit/debit cards and PayPal for depositing funds.
Forex.com | FXCM | Pepperstone | |
---|---|---|---|
Bank transfer | Yes | Yes | Yes |
Credit/debit card | Yes | Yes | Yes |
Electronic wallets | Yes | Yes | Yes |
A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name.

Forex.com withdrawal fees and options
Withdrawal at Forex.com is free of charge. Methods for withdrawal are the same as for deposits.
Forex.com | FXCM | Pepperstone | |
---|---|---|---|
Bank transfer | Yes | Yes | Yes |
Credit/debit card | Yes | Yes | Yes |
Electronic wallets | Yes | Yes | Yes |
Withdrawal fee | $0 | $0 | $0 |
How long does it take to withdraw money from Forex.com? Bank transfers can take 2-3 business days, while credit/debit card withdrawal can take longer, up to 5 business days.
When we tested withdrawal, it took several weeks because we had a problem with credit card withdrawal. The reason for the problem was that Forex.com can't send money to some MasterCard and Visa credit cards. Instead of credit cards, we had to withdraw via bank transfer, but before doing so, customer service had to add and approve our bank account. It would be great to know in advance which cards are accepted for withdrawal and which are not.
How do you withdraw money from Forex.com?
- Log in to 'MyAccount'
- Click on 'Funding' and then select 'Withdraw'
- Enter the amount you wish to withdraw
- Confirm your withdrawal
Compare to other brokers
Want to stay in the loop?
Sign up and we'll let you know when a new broker review is out.
Forex.com review
Web trading platform
To try the web trading platform yourself, visit Forex.com
Visit broker 77% of retail CFD accounts lose money
Compare to its best reviewed alternative: FXCM
Forex.com's web trading platform is user-friendly and extremely customizable, with lots of order types. On the negative side, there is no two-step login.
Pros | Cons |
---|---|
• User-friendly | • No two-step (safer) login |
• Good customizability (for charts, workspace) | |
• Good variety of order types |
Trading platform | Score | Available |
---|---|---|
Web | 4.3 stars | Yes |
Mobile | 4.3 stars | Yes |
Desktop | 3.0 stars | Yes |
Forex.com has two web trading platforms,Web Trader and MetaTrader 4. We tested Web Trader because it is Forex.com's own platform, while MetaTrader 4 is provided by a third party.
Web Trader is available only in English.
Look and feel
Forex.com's web trading platform is user-friendly and looks great.
It is extremely customizable .You can easily add, remove, or change the size and position of tabs to create your own unique trading platform. It also lets you pick between a light or dark theme and between "one-click" or "two-click" trading.

Login and security
Forex.com provides only a one-step login. Two-step authentication would be safer here.
Search functions
The web trading platform has good search functions. You can search by typing the name of the product you're looking for or browsing a categorized product list.

Placing orders
You can use many order types, including some more sophisticated ones:
- Market
- Limit
- Stop
- Trailing stop
- One-cancels-the-other (OCO)
If you are not familiar with basic order types, read this overview.
There are also several order terms available:
- Good 'til canceled (GTC)
- Good 'til end of the day (GTD)
- Good 'til time (GTT)

Alerts and notifications
The alert function lets you know when an asset reaches a price target. You also get a notification when your orders get fulfilled. This is a push notification, available on both web and mobile platforms. It is easy to set the alerts and notifications.
Portfolio and fee reports
Forex.com has clear portfolio and fee reports. You can find these under the 'Reports' tab and download them in PDF, XLS, XML and CSV.
Visit broker
77% of retail CFD accounts lose money
Forex.com review
Mobile trading platform
To try the mobile trading platform yourself, visit Forex.com
Visit broker 77% of retail CFD accounts lose money
Compare to its best reviewed alternative: FXCM
Forex.com's mobile trading platform looks nice and is easy to use. The search function is also great. However, there is no two-step login.
Pros | Cons |
---|---|
• User-friendly | • No two-step (safer) login |
• Good search function | • No Touch/Face ID login |
• Good variety of order types |
Similarly to the web trading platform, Forex.com provides two mobile trading platforms: Forex.com's own and MetaTrader 4's mobile trading platform. Both trading platforms are available on iOS and Android. In this review, we tested Forex.com's own trading platform on Android.
Look and feel
The Forex.com mobile trading platform is user-friendly and well designed.However, features were sometimes quite slow to load.

Login and security
Forex.com provides only one-step login.
You can't log in using biometric authentication. Offering this feature would make the login process more convenient.
Search functions
The search functions are good. You can search by typing the name of the asset you're looking for or browse product categories.

Placing orders
You can use the following order types:
- Market
- Limit
- Stop
- Trailing stop
- OCO
However, we didn't find an option to set order time limits.

Alerts and notifications
You can easily set price alerts on the Forex.com mobile platform.
Visit broker
77% of retail CFD accounts lose money
Forex.com review
Desktop trading platform
To try the desktop trading platform yourself, visit Forex.com
Visit broker 77% of retail CFD accounts lose money
Compare to its best reviewed alternative: FXCM
Forex.com's desktop platform has the same functions as the web trading platform but lags behind in user-friendliness.
Pros | Cons |
---|---|
• Clear fee report | • Not user-friendly |
• Good customizability (for charts, workspace) | • No two-step (safer) login |
• Good variety of order types | • Outdated design |
Forex.com offers two desktop platforms, the Advanced Trading Platform and MetaTrader 4.Once again, we tested the Advanced Trading Platform as this is Forex.com's own platform, while MetaTrader 4 is a third-party platform.
Forex.com's desktop trading platform has the same functionalityas the web trading platform. For example, you can use the same order types or price alerts.
On the downside, the desktop trading platform is less user-friendly and the design feels outdated. It was hard to navigate the platform and it felt too crammed with functions.

Visit broker
77% of retail CFD accounts lose money
Forex.com review
Markets and products
To dig even deeper in markets and products, visit Forex.com
Visit broker 77% of retail CFD accounts lose money
Compare to its best reviewed alternative: FXCM
At Forex.com, you can only trade with forex, CFDs and cryptos. Other asset classes, like real stocks or funds, are not available.
Forex.com is a forex broker that also offers some CFDs.To learn more about CFDs read our CFD trading tips.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Forex.com provides a great number of currency pairs and cryptocurrencies. The stock index, ETF, and commodity CFD selections are also great. The stock CFD lineup is relatively thin, though.
Forex.com | FXCM | Pepperstone | |
---|---|---|---|
Currency pairs (#) | 91 | 40 | 61 |
Stock index CFDs (#) | 20 | 16 | 14 |
Stock CFDs (#) | 380 | 48 | 253 |
ETF CFDs (#) | 20 | - | - |
Commodity CFDs (#) | 29 | 10 | 16 |
Cryptos (#) | 9 | 7 | 5 |
FCA bans the sale of crypto-derivatives to UK retail consumers from 6 January 2021.
You can't change leverage levels. This is a drawback.
Changing the leverage manually is a very useful feature when you want to lower the risk of your trade.Be careful with forex and CFD trading, as the preset leverage levels may be high.
Forex.com review
Research
To check the available research tools and assets, visit Forex.com
Visit broker 77% of retail CFD accounts lose money
Compare to its best reviewed alternative: FXCM
Forex.com has great and diverse research functions. It provides good charting tools, trading tips based on technical analysis, and high-quality market reports. On the other hand, it lacks fundamental data.
Pros | Cons |
---|---|
• Good interactive chart | • No fundamental data available |
• Trading ideas | |
• High-quality market reports |
You can find Forex.com's research tools on its trading platforms or on the website under 'Market Analysis'.
Trading ideas
Forex.com provides trading ideas based on technical analysis. You can find them on the platform if you click 'Trading Central'. Trading ideas are also available through Autochartist, but when testing, it did not load, could not be used.

Fundamental data
Forex.com does not provide any fundamental data.
Charting
Forex.com has great charting tools. You can easily edit and save your charts. There are around 90 technical indicators and many editing tools, such as Fibonacci retracement and trendlines.

News feed
Forex.com has a news feed in the trading applications.
It also provides an economic calendar, which lists upcoming macro events.When you select an event, you can view a short summary and check historical data.
You can also read market analysis written by Forex.com's research team. You can find these articles under the 'Market Analysis' tab. We liked how news articles can be filtered based on various criteria.

Compare research pros and cons
Forex.com review
Customer service
To find customer service contact information details, visit Forex.com
Visit broker 77% of retail CFD accounts lose money
Compare to its best reviewed alternative: FXCM
Forex.com has great customer service on the phone. Finding live chat is a bit tricky, but responses are relevant and fast. On the negative side, email support is slow and answers aren't always satisfactory.
Pros | Cons |
---|---|
• Live chat | • No 24/7 support |
• Great telephone support | • Slow email support |
• 24-hour support Sunday to Friday |
You can contact Forex.com via:
- phone
- live chat
We were really satisfied with Forex.com's phone support. They answered the phone instantly, and we got relevant answers.
If you prefer using live chat, click 'Chat'. It opens a chatbot, which can answer only some basic questions, like "How can I deposit?". It's a bit more tricky if you want to talk to a real person. You have to type 'agent', after which the chatbot offers to connect you with a sales or support agent.
When contacting Forex.com via email, we received an automatic reply that answering may take up to 4 days, but eventually we got relevant answers within a day.
Forex.com's customer service is not fully 24/7, though it isavailable 24 hours a day from Sunday to Friday.

Visit broker
77% of retail CFD accounts lose money
Forex.com review
Education
To check the available education material and assets, visit Forex.com
Visit broker 77% of retail CFD accounts lose money
Compare to its best reviewed alternative: FXCM
Forex.com does a great job in education, offering many ways to learn, although there are no webinars available.
Pros | Cons |
---|---|
• Demo account | • No webinars |
• Trading platform tutorial | |
• Educational videos |
At Forex.com you can learn in the following ways:
- Demo account
- Platform tutorial videos
- General educational videos
- Quality educational articles
- Trading glossary
- Trading knowledge quiz
We liked the quality and structuring of the videos. You can choose from different topics, like fundamental analysis or risk management.
The quiz and trading glossary are unique educational tools. We found them really fun and useful.
The only thing we missed was webinars, as they are the best platform for asking trading professionals directly.

Visit broker
77% of retail CFD accounts lose money
Forex.com review
Safety
To find out more about safety and regulation, visit Forex.com
Visit broker 77% of retail CFD accounts lose money
Compare to its best reviewed alternative: FXCM
Forex.com is regulated by many financial authorities, including the top-tier FCA. Its parent company, StoneX Group Inc is listed on the NASDAQ Stock Exchange.
Pros | Cons |
---|---|
• Majority of clients belong to a top-tier financial authority | None |
• High level of investor protection | |
• Parent company listed on stock exchange |
Is Forex.com regulated?
Yes, it is regulated by several financial authorities globally, such as the UK's Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) in the US.
Is Forex.com safe?
To be certain if a brokerage is safe, we highly advise that you check two facts:
- how you are protected if something goes wrong
- what the background of the broker is
How you are protected
Forex.com operates under several legal entities worldwide; which of these will serve you depends on your residency.The investor protection amount you're eligible for depends on the country where the entity serving you is located.
For example, if you are from the UK, you will sign up with StoneX Financial Ltd and will be eligible for investor protection of £85,000. StoneX Financial Ltd is regulated by the FCA, the UK's financial authority.
Country of clients | Protection amount | Regulator | Legal entity |
---|---|---|---|
EEA | £85,000 | Financial Conduct Authority (FCA) | StoneX Financial Ltd. |
USA | No protection | Commodity Futures Trading Commission (CFTC) National Futures Association (NFA) Futures Commission Merchant (FCM) Retail Foreign Exchange Dealer (RFED) | GAIN Capital Group LLC |
Canada | CAD 1,000,000 | Investment Industry Regulatory Organization of Canada (IIROC) | GAIN Capital - FOREX.com Canada Limited |
Japan | No protection | Japanese Financial Services Authority (FSA) | StoneX Financial Co. Ltd. |
All other clients | No protection | Cayman Islands Monetary Authority (CIMA) | GAIN Global Markets Inc. |
Forex.com provides negative balance protection for clients belonging to StoneX Financial Ltd for forex spot and CFD trading, but only for retail clients from the European Union. Professional and non-EU clients are not covered with any negative balance protection.
Background
Forex.com is a brand of StoneX Group, a US-based investment company. StoneX Group acquired GAIN Capital, Forex.com's parent company in 2020. This is important as a strong parent company lowers the chance that the company will go bust.
StoneX Group is also listed on the NASDAQ Stock Exchange. This is a big plus for safety as Forex.com releases financial statements regularly and in a transparent manner.
Forex.com was established in 2001. The longer the track record of a broker, the more proof we have that it has successfully weathered previous financial crises.
Having a parent company listed on a stock exchange, providing financial statements and being regulated by top-tier authorities are all great markers of Forex.com's safety.
Find your safe broker
Forex.com review
Bottom line
Visit Forex.com if you are looking for further details and information
Visit broker 77% of retail CFD accounts lose money
Compare to its best reviewed alternative: FXCM
Forex.com is a great forex and CFD broker regulated by several financial authorities, such as the UK's FCA and the US CFTC.
On the positive side, it has low forex fees, many tradable currency pairs, and high-quality research tools.
It has some drawbacks though. Popular assets like real stocks or bondsare not available. Stock CFD fees are quite high, and the desktop platform is not easy to use.
Since there is no inactivity fee unless you don't trade for one year,feel free to try Forex.com today.
Visit broker
77% of retail CFD accounts lose money
Forex.com review
FAQ
How To Withdraw Money From Forex Tutorial
Source: https://brokerchooser.com/broker-reviews/forex.com-review
Posted by: cobbbarten.blogspot.com
0 Response to "How To Withdraw Money From Forex Tutorial"
Post a Comment