City Index

Highlights

• Competitive pricing
• Active Trader
• Multiple asset classes with the new and improved MT5

Pros

• Low forex fees
• Variety of currency pairs
• Great technical tools

Cons

• Inactivity fee is charged
• Email support is average
• Stock CFD fees are high

Main Features

Country of Regulation: UK, USA, Canada, Japan, Cayman Islands

Trading Fees: Low

Inactivity Fees charged: Yes

Minimum Deposit: $50

Products: Forex, Indices, Shares, Commodities, Gold and Metals, Cryptocurrencies, Oil

Review

Fees

Forex.com charges low stock index CFDs fees and forex trades fees but has a high stock CFD fee and there are charges for the inactivity of the account. 

A/C opening

The account opening process at Forex.com  is fully digitalized and seamless. The minimum deposit is $50. Excluding Hong Kong and New Zealand, Forex.com accepts customers from most countries. Forex.com offers three account types i.e forex.com account, MetaTrader account, and DMA account. The accounts differ in pricing structure and in the trading platform available.

The Forex.com account can be opened online which includes a 3 step registration process which roughly takes 10-15 minutes and then accounts Verification which may take up to 2 business days. 

Deposit & withdrawal

There are various options offered for deposits and withdrawals which are provided for free. It offers 7 base currencies accounts.

Withdrawal is free of charge for which you have to visit the Forex.com client portal and check the ‘funding and withdraw’ option. It usually takes 2-3 business days to withdraw money with bank transfer and may take up to 5 days for debit/credit cards.

Trading Platform

It has a user-friendly trading platform which is highly customizable with good search functions and has price alerts. Forex.com has two trading Platforms web Trader(its own platform) and MetaTrader 4 (third-party platform).   

Research

Forex.com research has great technical analysis, high-quality markets report but no fundamental data. The platform provides quality news fees, trading ideas, and other great research tools.

Customer service

You can connect with the Forex.com customer service through email, phone, and Live chat. 

Education 

Forex.com has great educational material. It offers trading platform tutorials, educational videos, and a demo account. 

Safety

The broker is Considered safe as it is regulated by the top-tier financial authorities like the Financial Conduct Authority in the UK or the US Commodity Futures Trading Commission (CFTC).