FOREX.com review: the best fit for a US trader who wants MT5 and TradingView?
FOREX.com is the US retail arm of Nasdaq-listed StoneX, with a $100 minimum, MetaTrader 5, TradingView and a RAW pricing account. We checked whether that beats the other regulated US options, and where it is restrictive.
7.2/10
FOREX.com is one of very few CFTC and NFA regulated choices for US retail forex, backed by a large listed parent. It offers MetaTrader 5, TradingView and a RAW account with commission. It is a fine pick for a US trader who values safety and platforms over price: spreads are average, FIFO rules forbid hedging and support is not round the clock. Skip it if you want cheap or exotic products.
Best for
US-based forex traders who want regulation, MT5 and TradingView
Regulated in the US by the CFTC and NFA, under a Nasdaq-listed parent, StoneX
Choice of Web Trader, MetaTrader 5 and TradingView integration
RAW Pricing account from 0.1 pips on EUR/USD plus $7 per $100K each way
$100 minimum deposit and 84 forex pairs for US clients
Mobile app and web platform have won several industry awards
What does not
Spread-only EUR/USD averages about 1.2 pips, wider than raw-spread rivals
US rules mean FIFO and no hedging, which blocks some strategies
Inactivity fee of $15 a month after 12 months
US retail clients get spot forex only, with no CFDs, indices or crypto
Customer support runs 24/5 and is slower at weekends
Specs
Minimum deposit
$100
EUR/USD, spread-only account
About 1.2 pips, no commission
EUR/USD, RAW account
About 0.1 pips plus $7 per $100K each way
Maximum US leverage
50:1 on major pairs
Platforms
Web Trader, MetaTrader 5, TradingView, NinjaTrader (futures)
Forex pairs (US)
84
Inactivity fee
$15 a month after 12 months
US regulator
CFTC and NFA (NFA ID 0339826)
Hedging
Not allowed (FIFO)
Parent company
StoneX Group Inc. (Nasdaq: SNEX)
Support
24/5
The shortlist of forex brokers that a US resident can legally use is short, and that changes the review. When half the market is off limits, the useful question is not "is this the cheapest in the world?" but "is this the best of what you are allowed to pick?" For FOREX.com, the honest answer is: often yes, with a few bruises.
Why the parent company is the headline
FOREX.com belongs to StoneX Group, a Nasdaq-listed financial services firm (ticker SNEX). The brand's about page calls it "the gold standard of trading" and leads with group-wide key figures as of March 2026. Marketing aside, the practical value is structural: in the US the operating entity is registered with the CFTC and is an NFA member (ID 0339826), which is the regulatory floor every American retail forex broker must clear.
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The FOREX.com about page, which introduces the StoneX Group key figures.
A caution on our pictures: the screenshots in this review come from the company's Singapore pages, because they loaded in English from our location. US product details below come from written sources, not from those captures.
Two price lists, and the math on each
A US account has two routes. On the spread-only account, independent data (CompareForexBrokers) puts EUR/USD at roughly 1.2 pips with no commission. On the RAW account the spread drops to about 0.1 pips, and you pay $7 per $100,000 traded each way, or $14 round-turn per standard lot.
Work it through. One standard lot on RAW costs about $14 in commission plus $1 of spread, near $15. The spread-only account costs roughly $12. So at this size the commission account does not win; it starts to help only where the quoted spread is very tight and you trade often. The same review estimates $240 a month for 20 EUR/USD trades at one lot. That is fair, not cheap.
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FOREX.com's platform page, headed 'Your platform to success' and showing its mobile app.
The platform menu is the real draw
US clients can pick the proprietary Web Trader and mobile app, MetaTrader 5, and TradingView connected to the account. NinjaTrader is offered for futures only. For a trader who has outgrown a broker's own charts, having MT5 and TradingView on one account is a selling point that many US-accessible rivals cannot match.
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FOREX.com's TradingView partnership page.
The catch is what the account cannot do. US rules impose FIFO, so you cannot hold opposing positions or hedge. Leverage is capped at 50:1 on major pairs. And a US retail client gets spot forex only: no index CFDs, no commodities, no crypto. The company also has no social or copy trading tool for US accounts.
How it sits beside OANDA
OANDA is the closest US-accessible rival and the one most readers will compare, and it tends to win on transparent, no-minimum pricing. FOREX.com's answer is the platform menu and the size of its parent: if you want MT5 and TradingView rather than a single in-house terminal, the decision tips toward it. If you care mostly about cost per lot on a small account, run the same trade through both fee schedules before you choose.
A sensible way to test is a funded account at the $100 minimum, a handful of small trades and a check on how fills compare with the quoted spread. No published average replaces that, because spreads widen at rollover and around news.
Fees that show up later
The minimum deposit is $100. There is an inactivity fee of $15 a month after 12 months without activity. Support runs 24 hours a day, five days a week, and the same review notes email replies typically take up to a day. Weekend problems wait for Monday.
Who should use it, who should not
Use it if you are in the US, want an established name under a listed parent, and plan to chart in TradingView or automate in MT5. The $100 entry makes a test run cheap.
Avoid it if you want the lowest costs, if you rely on hedging, or if you want to trade indices and crypto in the same account. A trader outside the US has far more choice and should compare it to cheaper raw-spread brokers.
Verdict
FOREX.com scores 7.2: a safe, well-equipped, slightly expensive broker for a market with few peers. It does its job and asks you to accept FIFO and average pricing in return.
Forex trading on leverage can lose your entire deposit. This review covers published terms only and is general information, not advice for your circumstances.
