Overall, FOREX.com offers a Forex cashback of $10 per million traded on Level 5 of the Active Trader program. However, traders could earn up to 15% savings on their trades, according to FOREX.com.
🔎 Forex.com Account | 🥇 Standard Account | 🥈 Raw Spread Account | 🥉 DMA Account |
🅰️ Forex | 15%/$10 | 15%/$10 | 15%/$10 |
🅱️ Payment Frequency | Monthly | Monthly | Monthly |
FOREX.com Cashback Rebates – 37 Key Point Quick Overview
- ☑️ FOREX.com Rebates Summary
- ☑️ How to Open a Forex Cashback Account with FOREX.com (via SAShares)
- ☑️ Understanding Forex Trading Rebates and How They Work with FOREX.com
- ☑️ The Benefits of Forex Trading Rebates with FOREX.com
- ☑️ Key Factors to Consider When Evaluating FOREX.com’s Forex Trading Rebate Program
- ☑️ Number of Traders participating in FOREX.com Cashback Rebates and Real-Life Examples
- ☑️ Successful Traders Benefiting from FOREX.com’s Rebates – FOREX.com’s Forex Trading Rebates Empowering Retail Traders for Success
- ☑️ Number of Traders participating in FOREX.com Cashback Rebates
- ☑️ Detailed Summary of FOREX.com
- ☑️ FOREX.com – Advantages Over Competitors
- ☑️ How to Maximize Your Savings with Forex Trading Rebates at FOREX.com
- ☑️ Who will Benefit from Trading with FOREX.com?
- ☑️ FOREX.com Regulation and Safety of Funds
- ☑️ FOREX.com Awards and Recognition
- ☑️ FOREX.com Account Types and Features
- ☑️ How to open an Account with FOREX.com
- ☑️ FOREX.com vs Other Notable Brokers
- ☑️ FOREX.com Trading Platforms
- ☑️ Which Markets Can You Trade with FOREX.com?
- ☑️ FOREX.com Trading and Non-Trading Fees
- ☑️ Calculating Forex Trading Rebates with FOREX.com
- ☑️ FOREX.com Deposits and Withdrawals
- ☑️ FOREX.com Education and Research
- ☑️ FOREX.com Bonuses and Current Promotions
- ☑️ How to open an Affiliate Account with FOREX.com
- ☑️ FOREX.com Customer Support
- ☑️ Legal and Tax Implications and Understanding Forex Trading Rebates with FOREX.com
- ☑️ Risks and Limitations of Forex Trading Rebates at FOREX.com
- ☑️ Strategies to Maximize Rebates with FOREX.com
- ☑️ FOREX.com Alternatives
- ☑️ FOREX.com VPS Review
- ☑️ FOREX.com Web Traffic Report
- ☑️ FOREX.com Pros and Cons
- ☑️ FOREX.com Customer Reviews
- ☑️ Recommendation for Improving FOREX.com Cashback Rebates
- ☑️ Our Verdict on FOREX.com
- ☑️ FOREX.com Frequently Asked Questions
FOREX.com Rebates Summary
- ✅ FOREX.com has an overall rating of 4.2 / 5
- ✅ FOREX.com has a Real Customer Rating of 4 / 5
FOREX.com Cashback Forex Conditions
- ✅ Traders must deposit at least $10,000 or trade $25 million (per month) to qualify for the Active Trader program and subsequent rebates.
FOREX.com Additional notes on Cashback Rebates
- ✅ Traders can save 15% on trading costs or receive $10 per million traded.
- ✅ The active trader program allows traders access to exclusive events and previews of products.
Traders can earn between $3 and $10 depending on their Active level.
How to Open a Forex Cashback Account with FOREX.com (via SAShares)
You can follow these steps to register for a Forex Cashback Account with FOREX.com via SAShares.
For New Accounts
If you do not have an existing account with FOREX.com, you can easily obtain a cashback rebate in three easy steps.
✅ Step 1: Visit the FOREX.com website
Visit the FOREX.com website and click “Open New Account.”
✅ Step 2: Submit a Trading ID
Submit your Trading ID to us: [SAShares]
For Example:
To: [SAShares]
Subject: New FOREX.com Rebate Application
“Dear SAShares Team,
Please view my FOREX.com Client ID: 12345 (Your Account, Client, or Trading ID] and inform me whether my rebate application has been accepted.”
✅ Step 3: Wait for Approval
Wait for approval, which will be sent within [number of hours]. Once approval is given, you will automatically receive your cashback rebates from the FOREX.com system.
For Existing Accounts
If you have an existing FOREX.com account, you can get a cashback rebate by following these easy steps.
✅ Step 1: Send an email to FOREX.com: [email protected]
Request that the broker transfer the trading account under the following SAShares Affiliate ID: [SAShares]
For Example:
To: [SAShares]
Subject: Account Transfer Request
“Dear FOREX.com Partner/Affiliate Team,
I would hereby like to request that my account be transferred to IB/Partner/Affiliate code [SAShares Code]. Furthermore, I would hereby like to request to be assigned under the mentioned IB regardless of whether my account falls under an umbrella or parent IB.”
✅ Step 2: Open an Additional Trading Account
Once you receive confirmation of the transfer from FOREX.com, you can create an additional trading account.
✅ Step 3: Contact SAShares
Lastly, you can send your Trading or Client ID to [SAShares].
For Example:
To: [SAShares]
Subject: New FOREX.com Rebate Application
“Dear SAShares Team,
Please view my FOREX.com Client ID: 12345 (Your Account, Client, or Trading ID] and inform me whether my rebate application has been accepted.”
Understanding Forex Trading Rebates and How They Work with FOREX.com
Forex trading rebates are financial incentives for traders who trade in large volumes. This rebate system is part of FOREX.com’s Active Trader program, designed to reward traders for their trading activity. Here is a detailed explanation of how these rebates work with FOREX.com.
Automatic Qualification
One of the most appealing aspects of FOREX.com’s rebate program is that traders do not need to apply separately to begin earning rebates. When you meet one of two criteria, you automatically qualify for Active Trader status and, as a result, the ability to earn cash rebates.
- ✅ Open an account with a $10,000 minimum deposit.
- ✅ In a calendar month, trade $50 million in volume.
No Additional Fees
- ✅ There are no additional fees. Traders must note that obtaining cash rebates via the Active Trader program is free. This extra perk adds to the program’s allure, enabling traders to enhance their profits and avoid hidden fees.
Tiered Rebate Levels
Cash rebates are available only on FX trades and are tiered based on your monthly trade volume. The following are the tiers:
- ✅ Level 1: $50M to $100M – $3 rebate per million
- ✅ Level 2: $100M to $250M – $5 rebate per million
- ✅ Level 3: $250M to $500M – $8 rebate per million
- ✅ Level 4: $500M to $1B – $9 rebate per million
- ✅ Level 5: $1B+ – $10 rebate per million
Each level also includes an average savings percentage of 5% to 15%, giving high-volume traders additional financial benefits.
Continuation Requirements
- ✅ To continue receiving the Active Trader program’s benefits, including cash rebates, you must maintain a total quarterly trade volume of at least $50 million or an average account balance of at least $25,000.
Rebate Crediting and Utilization
- ✅ Cash rebates are typically credited to your account two business days after the end of the month. Once credited, you can withdraw the funds or use them for future trading.
Monthly Volume Reset
It is critical to understand that your monthly trade volume will be reset after 5 p.m. EST on the last trading day of the calendar month. This reset lets you plan your next month’s trading activity to maximize rebate earnings.
Is there a maximum limit on FOREX.com’s cash rebates?
Yes, there are tiers of rewards with a maximum limit that varies depending on your trading volume.
Do all types of trades qualify for FOREX.com’s cash rebates?
No, cash rebates are primarily available on foreign exchange trades.
The Benefits of Forex Trading Rebates with FOREX.com
The Benefits of Forex Trading Rebates with FOREX.com include:
- ✅ As an Active Trader, you will receive one-on-one support from an experienced relationship manager, enhancing your trading experience.
- ✅ The program also reimburses bank fees, which adds another layer of cost-cutting.
- ✅ Active traders earn interest on their available margin, providing an additional source of income.
- ✅ Managed Accounts and accounts referred by an Introducing Broker are not eligible, making the program available only to high-volume individual traders.
- ✅ There is no need to apply separately; traders who deposit a minimum of $10,000 or trade $50 million in volume in a calendar month automatically qualify for cash rebates.
- ✅ Traders who maintain a quarterly trade volume of at least $50 million or an average account balance of $25,000 can continue to earn rebates.
- ✅ Cash rebates are typically credited to the trader’s account within two business days of the following month.
- ✅ Once credited, traders can withdraw the rebate amount or use it for additional trading activities.
- ✅ At the end of each calendar month, the monthly trade volume is reset, allowing traders to plan for the following month.
- ✅ Earning cash rebates has no additional fees, making it a cost-effective way to maximize trading profits.
- ✅ The program has a tiered rebate structure based on monthly trading volume, so traders can earn more as they trade more.
Each rebate tier includes an average savings percentage ranging from 5% to 15%, adding a layer of financial benefit.
What financial benefits can I expect from FOREX.com’s cash rebates?
Cash rebates can significantly reduce your trading costs by rewarding you based on your trading volume.
Can I use FOREX.com’s cash rebates to offset trading fees?
Yes, you can use the cash rebates to offset trading fees, effectively lowering your trading costs.
Key Factors to Consider When Evaluating FOREX.com’s Forex Trading Rebate Program
Eligibility Criteria
- ✅ Before you begin the program, you must determine whether you meet the automatic qualification requirements.
- ✅ You can qualify at FOREX.com by depositing a minimum of $10,000 or trading $50 million in volume in a calendar month. Check that one of these criteria corresponds to your trading capabilities.
Fee Structure
- ✅ While the program advertises that there are no additional fees for earning rebates, double-checking this is always a good idea. Hidden fees can significantly reduce your net earnings and cancel the rebate program’s benefits.
Rebate Tiers
- ✅ FOREX.com has a tier system of rebates based on your monthly trading volume. Understanding these tiers is critical because they determine how much rebate money you can earn. Examine whether these tiers correspond to your trading strategy and average monthly volume.
Support and Resources
- ✅ The Active Trader program offers a skilled relationship manager tailored one-to-one aid. This individualized assistance can significantly amplify your trading experience and enhance your ability to make informed decisions.
Interest on Margin
- ✅ Keeping a significant amount of money in your account can be beneficial because it generates interest, which is an additional source of income. This feature proves particularly advantageous for traders who make frequent transactions and aids in boosting their earning potential.
Utilization Options
- ✅ You can withdraw or use the rebates for future trading once the rebates are credited. Determine which option best aligns with your financial and trading objectives.
Monthly Volume Reset
- ✅ Each calendar month, your monthly trade volume is reset. This reset may affect your rebate tier for the following month, so plan your trading activity accordingly.
Average Savings
- ✅ The rebate levels feature an average cutback rate of 5% to 15%. This monetary benefit can significantly impact the overall costs of your trading endeavors. Consequently, it is crucial to assess how these reductions match up with your individualized trading aspirations.
Continuation Requirements
- ✅ To continue earning rebates, you must maintain a quarterly trade volume of $50 million or an average account balance of $25,000. Determine whether these requirements are long-term viable for you.
Exclusivity
- ✅ Check to see if your account type qualifies for the Active Trader program. Managed Accounts and accounts referred by an Introducing Broker are ineligible, making the program only available to high-volume traders.
Terms and Conditions
- ✅ Thoroughly scrutinizing the terms and conditions of a rebate program is crucial as it offers valuable insights into any limitations, prerequisites, or exceptional scenarios that may be applicable.
Crediting Timeline
Your account will be credited with earned rebates within two business days after the end of each month. This timeline significantly affects your cash flow and potential trading choices.
How transparent is FOREX.com in disclosing the terms of its cash rebate program?
FOREX.com’s website contains detailed terms and conditions for its cash rebate program.
Do FOREX.com’s cash rebates apply to all account types?
Yes, Active Traders who meet the monthly trade volume criteria are the primary recipients of cash rebates.
Number of Traders participating in FOREX.com Cashback Rebates and Real-Life Examples
While we do not know how many traders participate in FOREX.com’s Active Trader program, we can give a few examples of how the program works.
✅ The New Trader
Lily is new to forex trading and makes a $10,000 deposit to qualify for the Active Trader program. In her first month, she traded $60 million in volume.
- Outcome: She falls into Level 1 ($50M to $100M) of the rebate tiers and receives a $3 rebate per million traded. Her total monthly rebate is $180 ($3 x 60).
✅ The High-Volume Trader
Alexander is an experienced trader with a monthly volume of $300 million. He is already a FOREX.com Active Trader. He is placed in Level 3 ($250M to $500M) and receives a $8 rebate per million traded. His total monthly rebate is $2,400 ($8 x 300).
✅ The Consistent Trader
Stacy has been a FOREX.com trader for a year. She keeps an average account balance of $30,000 and trades $70 million monthly. She continues her trading activities as before.
Therefore, she is classified as Level 1 and receives a $3 rebate for every million dollars traded. Her total monthly rebate is $210 ($3 x 70).
Successful Traders Benefiting from FOREX.com’s Rebates – FOREX.com’s Forex Trading Rebates Empowering Retail Traders for Success
✅ The Strategist
A full-time trader with a focus on short-term trading strategies. By trading in large volumes, he consistently falls into Level 4 ($500M to $1B) and earns significant monthly rebates. The rebates and the interest on his margin increase his earnings significantly.
✅ The Diversified Trader
A seasoned trader who spreads her capital across multiple currency pairs. She uses the tiered rebate system and average savings percentages to lower her trading costs. This increases her long-term profitability.
✅ The Long-Term Investor
Focuses on long-term forex investment strategies. Despite trading less frequently, the size of his trades allows him to keep an average account balance well above $25,000. This qualifies him for ongoing rebates, adding to his long-term investment gains.
Number of Traders participating in FOREX.com Cashback Rebates
FOREX.com serves traders from around the world. However, it is not clear how many registered traders use FOREX.com’s cashback rebates program.
Detailed Summary of FOREX.com
🔎 Headquartered | United States |
🌎 Global Offices | United States, Cayman Islands, United Kingdom |
📌 Year Founded | 2001 |
📍 Islamic Account | ✅ Yes |
📈 Demo Account | ✅ Yes |
📉 Non-expiring Demo | None |
📊 Demo Duration | 90 days |
➡️ Retail Investor Accounts | 3 |
↘️ PAMM Accounts | None |
↪️ Liquidity Providers | Anonymous |
▶️ Affiliate Program | ✅ Yes |
🅰️ Order Execution | Market |
🅱️ OCO Orders | ✅ Yes |
🫰🏻 One-Click Trading | ✅ Yes |
#️⃣ Scalping Allowed | ✅ Yes |
*️⃣ Hedging Allowed | ✅ Yes |
📰 News Trading Allowed | ✅ Yes |
🟪 Expert Advisors (EAs) Allowed | ✅ Yes |
📌 Trading API | ✅ Yes |
📍 Cashback Forex Calculator offered | None |
📈 Cashback Forex Lot Size Calculator | None |
📉 Cashback Forex Compounding Calculator | None |
📊 Starting spread | 0.0 pips |
💴 Minimum Commission per Trade | $5 per $100,000 traded |
💵 Decimal Pricing | Up to 5 digits after the comma |
⛔ Margin Call | 100% |
🛑 Stop-Out | 50% |
💹 Minimum Trade Size | 0.01 lots (100k on DMA Account) |
▶️ Maximum Trade Size | Unlimited positions depending on available funds |
⏩ Crypto trading offered | ✅ Yes |
🔁 Maximum Leverage | Up to 1:400 |
📌 Leverage Restrictions | No |
📍 Minimum Deposit (USD) | $100 |
💷 Deposit Currencies | USD, EUR, GBP |
💶 Account Base Currencies (All) | USD, EUR, GBP |
🥰 Active FOREX.com customers | Unknown |
⏰ Minimum Withdrawal Time | Instant |
🕰️ Maximum Estimated Withdrawal Time | Between 1 to 2 working days |
💳 Instant Deposits and Instant Withdrawals | ✅ Yes |
↪️ Segregated Accounts | ✅ Yes |
➡️ Trading Platform Time | GMT |
📌 Observe DST Change | None |
📍 DST Change Time zone | GMT |
🅰️ Languages supported on the website | English and Simplified Chinese |
🅱️ Customer Support Languages | Multilingual |
▶️ Copy Trading Support | None |
⏩ Customer Service Hours | 24/5 |
🎁 Bonuses and Promotions | None |
🖍️ Education for beginners | ✅ Yes |
💻 Proprietary trading software | ✅ Yes |
🔍 Is FOREX.com a safe broker for traders | ✅ Yes |
🔟 Rating for FOREX.com | 9/10 |
💯 Trust score for FOREX.com | 99% |
Geolocation of Traders
Most of FOREX.com’s market share is concentrated in these areas:
- ✅ United States – 51.36%
- ✅ Canada – 8.49%
- ✅ India – 4.72%
- ✅ Japan – 3.33%
- ✅ United Arab Emirates – 1.88%
FOREX.com Current Expansion Focus
- ✅ FOREX.com is currently expanding worldwide, including the US, Asia, Europe, and Africa.
Countries not accepted by FOREX.com
- ✅ FOREX.com does not accept traders from Singapore, New Zealand, Belarus, Iran, Yemen, and other OFAC countries.
Popularity among traders who choose FOREX.com
FOREX.com is one of the world’s top 120 forex and CFD brokers.
FOREX.com – Advantages Over Competitors
FOREX.com has the following advantages over its competitors:
- ✅ FOREX.com offers a diverse range of trading platforms and market analysis tools to cater to the unique requirements of its clientele.
- ✅ The trading spreads for individual assets are highly competitive, reflecting FOREX.com’s commitment to providing its clients with favorable trading conditions.
- ✅ FOREX.com is authorized and regulated to provide brokerage services, ensuring that it operates within the confines of the law and adheres to the highest standards of ethical conduct.
- ✅ FOREX.com’s fast and seamless execution of trade orders is a hallmark of its service, enabling clients to react swiftly to market fluctuations and seize trading opportunities in real time.
- ✅ FOREX.com provides its clients with abundant educational resources, including market analysis, webinars, tutorials, and training courses. These resources help traders enhance their trading knowledge and make informed trading decisions.
FOREX.com offers 24/5 customer support, with experienced professionals available to assist traders. The platform also provides a range of contact options, including phone, email, and live chat, ensuring that traders can access support in a way that suits them best.
How to Maximize Your Savings with Forex Trading Rebates at FOREX.com
Ways to Maximize Your Savings with Forex Trading Rebates at FOREX.com include:
- ✅ Keep a large margin in your account to earn interest, adding another savings layer.
- ✅ Use one-on-one assistance to get personalized advice on how to maximize your rebates and savings.
- ✅ Keep updated on changes to the rebate program’s terms and conditions to ensure you get the most out of it.
- ✅ Maintain a minimum account balance of $25,000 to continue receiving rebates and other Active Trader benefits.
- ✅ Open an account with a $10,000 minimum deposit to automatically qualify for the Active Trader program and begin earning rebates immediately.
Increase your trading volume to qualify for higher rebate tiers. The more you trade, the more money you will save. Consider reinvesting your earned rebates in your trading activities to compound your earnings.
Is there a way to track my FOREX.com cash rebates?
Yes, your FOREX.com account dashboard allows you to track your cash rebates.
How can I ensure that I receive my FOREX.com cash rebates each month?
To qualify for cash rebates, meet the monthly trade volume requirements.
Who will Benefit from Trading with FOREX.com?
FOREX.com is an online forex trading platform that caters to a broad range of clients, including retail traders, institutional traders, and corporate clients.
- ✅ Retail traders, including beginners, intermediate, and advanced traders, can benefit from FOREX.com’s user-friendly platform, educational resources, and wide range of trading tools. In addition, the platform offers a range of account types, including demo accounts, which allow new traders to practice trading strategies and familiarise themselves with the platform’s features before investing real money.
- ✅ Institutional traders, including hedge funds, asset managers, and high-net-worth individuals, can benefit from FOREX.com’s institutional trading services. The platform offers advanced trading tools, multiple liquidity providers, and low latency connectivity, enabling institutional traders to execute trades quickly and efficiently.
Corporate clients, including multinational corporations, importers, and exporters, can benefit from FOREX.com’s global payment solutions. The platform offers a range of international payment options, including wire transfers, electronic funds transfers, and online payments, enabling corporate clients to conduct international transactions quickly and efficiently.
FOREX.com Regulation and Safety of Funds
FOREX.com Global Regulations
🔎 Registered Entity | 🌎 Country of Registration | 📌 Registration Number | 📍 Regulatory Entity | 📈 Tier | 📊 License Number/Ref |
1️⃣ GAIN Capital | US | N/A | NFA | 1 | NFA ID 0476094 |
2️⃣ GAIN Capital | Canada | N/A | IIROC | 1 | Canada (IIROC) |
3️⃣ FOREX.com UK Limited | UK | 3770004 | FCA | 1 | 190864 |
4️⃣ StoneX Financial Ltd | UK | 05616586 | FCA | 1 | 446717 |
5️⃣ GAIN Capital UK Limited | UK | 01761813 | FCA | 1 | 113942 |
6️⃣ GAIN Capital Australia | Australia | ABN 50 141 774 727 | ASIC | 1 | 345646 |
7️⃣ GAIN Capital Singapore | Singapore | N/A | MAS | 1 | Singapore |
8️⃣ GAIN Capital Japan | Japan | N/A | JFSA | 1 | 2010401047199 |
9️⃣ StoneX Financial (HK) Limited | Hong Kong | N/A | SFC | 1 | BCQ152 |
🔟 GAIN Global Markets | Cayman Islands | N/A | CIMA | 3 | 25033 |
How FOREX.com Protects Traders and Client Funds
🔎 Security Measure | 📌 Information |
🔒 Segregated Accounts | ✅ Yes |
🔏 Compensation Fund Member | ✅ Yes |
🔐 Compensation Amount | 20,000 EUR |
🔓 SSL Certificate | ✅ Yes |
🔒 2FA (Where Applicable) | ✅ Yes |
🔏 Privacy Policy in Place | ✅ Yes |
🔐 Risk Warning Provided | ✅ Yes |
🔓 Negative Balance Protection | ✅ Yes, but not for US clients |
🔒 Guaranteed Stop-Loss Orders | ✅ Yes |
FOREX.com places a high value on clients’ funds and personal information security. The platform uses cutting-edge encryption technologies to ensure the security of all transactions and communications between the client and the platform.
This is especially important in the financial trading industry, where sensitive information like account balances, trading strategies, and personal identification information are frequently exchanged.
FOREX.com is subject to stringent regulatory oversight in addition to technological safeguards. The platform’s regulation by reputable financial authorities adds an extra layer of security and trustworthiness.
Clients can trade confidently, knowing the platform follows strict regulatory guidelines to protect investors and maintain market integrity.
Furthermore, FOREX.com keeps segregated accounts for its clients, meaning client funds are kept separate from the company’s operational funds. This important feature safeguards clients’ investments during the company’s bankruptcy.
Additionally, the platform provides additional safeguards, such as negative balance protection, which prevents clients from losing more money than they have in their accounts.
Is there any insurance on my funds with FOREX.com?
While specific insurance details may differ, FOREX.com’s regulatory status protects funds.
What kind of compliance checks does FOREX.com perform?
FOREX.com follows anti-money laundering (AML) and know-your-customer (KYC) guidelines.
FOREX.com Awards and Recognition
According to FOREX.com’s website, the company has been recognized for the following honors in recent years as a broker:
- ✅ Best in class overall, won during the ForexBrokers.com 2024 Annual Review.
- ✅ Best HNW Service during the Dubai Forex Expo in 2022.
- ✅ Best Forex Broker in 2022, awarded during the Rankia Awards.
Finally, FOREX.com was awarded the Best HNW Service award in 2021.
FOREX.com Account Types and Features
🔎 Live Account | 💵 Minimum Dep. | 📊 Average Spread | 💶 Commissions | 💷 Average Trading Cost |
🥇 Standard | $100 | 0.6 pips | None | 6 USD |
🥈 Raw Spread | $100 | 0.0 pips | $10 round turn | 10 USD |
🥉 DMA | $100 | 0.1 pips | Depends on the trading volume | Variable |
FOREX.com Standard Account
The Standard Account is ideal for traders seeking traditional forex trading experience. It offers ultra-competitive spreads with no commissions. Furthermore, traders do not pay any commissions on this account.
🅰️ Account Feature | 🅱️ Value |
💴 Minimum Deposit | $100 |
📈 Average Spread | From 0.6 pips EUR/USD |
📉 Typical Spreads | 1.3 pips EUR/USD |
💵 Commission charges | None |
💶 Base Account Currencies | USD, EUR, GBP |
📊 Trading Tools offered | ✅ Yes, integrated trading tools |
📌 Market Commentary | ✅ Yes |
📍 Market Analysis | ✅ Yes |
➡️ Advanced Charting Tools Offered | ✅ Yes, and more than 80 technical indicators |
↪️ Fast Trade Execution | ✅ Yes, the Execution Scorecard |
💹 Price Improvement | ✅ Yes, with limited orders |
▶️ Cash Rebates | ✅ Yes, 15% |
⏩ Forex Trading Signals | ✅ Yes |
#️⃣ Market Strategist Access | ✅ Yes |
*️⃣ Active Trader Program | None |
📈 Top-Tier Liquidity | None |
📉 Spread splits | None |
FOREX.com Raw Spread Account
For traders seeking the flexibility of trading with significant spread reductions for a small commission fee according to trading volume.
🅰️ Account Feature | 🅱️ Value |
💴 Minimum Deposit | $100 |
📈 Average Spread | From 0.02 pips EUR/USD |
📉 Typical Spreads | N/A |
💵 Commission charges | $10 round turn ($5 per side, per standard lot) |
💶 Base Account Currencies | USD, EUR, GBP |
📊 Trading Tools offered | Yes, integrated trading tools |
➡️ Market Commentary | ✅ Yes |
↪️ Market Analysis | ✅ Yes |
📌 Advanced Charting Tools Offered | ✅ Yes, and more than 80 technical indicators |
📍 Fast Trade Execution | ✅ Yes, the Execution Scorecard |
💰 Price Improvement | ✅ Yes, with limited orders |
🪙 Cash Rebates | ✅ Yes, 15% |
▶️ Forex Trading Signals | ✅ Yes |
⏩ Market Strategist Access | ✅ Yes |
#️⃣ Active Trader Program | ✅ Yes, 15% with the chance to earn $10 per million Forex traded in monthly trading volume |
*️⃣ Top-Tier Liquidity | None |
ℹ️ Spread splits | None |
FOREX.com Direct Market Access (DMA) Account
With narrower spreads, tiered commissions, and additional tools and services, this account is designed for more experienced traders.
🅰️ Account Feature | 🅱️ Value |
💴 Minimum Deposit | $100, with a recommended balance of at least $25,000 |
📈 Average Spread | From 0.1 pips EUR/USD |
📉 Typical Spreads | 1.3 pips EUR/USD |
📊 Commission charges | Depends on the trading volume |
➡️ Base Account Currencies | USD, EUR, GBP |
↪️ Trading Tools offered | ✅ Yes, integrated trading tools |
📌 Market Commentary | ✅ Yes |
📍 Market Analysis | ✅ Yes |
💹 Advanced Charting Tools Offered | ✅ Yes, and more than 80 technical indicators |
▶️ Fast Trade Execution | ✅ Yes, the Execution Scorecard |
⏩ Price Improvement | ✅ Yes, with limited orders |
💴 Cash Rebates | ✅ Yes |
📈 Forex Trading Signals | ✅ Yes |
📉 Market Strategist Access | ✅ Yes |
📊 Active Trader Program | ✅ Yes |
➡️ Top-Tier Liquidity | ✅ Yes |
↪️ Spread splits | ✅ Yes |
FOREX.com MetaTrader 5 Account
The MT5 account is designed for traders who want to use the MetaTrader 5 platform, which includes more timeframes, technical indicators, and an economic calendar. This account type is appropriate for traders who require advanced charting tools and multi-asset trading capabilities.
The MT5 account, like the MT4 account, supports automated trading via Expert Advisors and includes various analytical tools for in-depth market analysis.
🔎 Account Feature | 📌 Value |
💴 Minimum Deposit | $100 |
📈 Average Spread | 1 pip EUR/USD |
📉 Typical Spreads | 1 pip EUR/USD |
💵 Commission charges | None |
💶 Base Account Currencies | Various |
💹 Trading Tools offered | ✅ Yes |
💱 Market Commentary | ✅ Yes |
▶️ Market Analysis | ✅ Yes |
⏩ Advanced Charting Tools Offered | ✅ Yes |
📍 Fast Trade Execution | ✅ Yes |
💷 Price Improvement | ✅ Yes |
🪙 Cash Rebates | ✅ Yes |
📈 Forex Trading Signals | ✅ Yes |
📉 Market Strategist Access | ✅ Yes |
📊 Active Trader Program | ✅ Yes |
↪️ Top-Tier Liquidity | ✅ Yes |
FOREX.com Demo Account
FOREX.com offers a demo trading account, allowing traders to practice trading without risking real money. This demo account provides $50,000 in virtual funds and access to live prices for more than 80 currency pairs via their demo platform.
The demo account aims to create a simulated market environment where traders can improve their trading skills and gain valuable experience.
To open a demo account, interested traders should go to the FOREX.com website and complete the simple registration process. The demo account is available on various platforms, including the FOREX.com trading platform and the MetaTrader 5 platform.
Its primary goal is to familiarize traders with the various tools and features available on FOREX.com’s trading platforms, and it also serves as a testing platform for various forex trading strategies.
The demo account’s risk-free environment is invaluable for traders looking to hone their skills before transitioning to live trading with real funds.
FOREX.com Islamic Account
FOREX.com has designed an account for Muslim traders who follow the strict Sharia law and wish to invest in Islamic stock markets, utilizing finance principles. The swap-free Islamic account is structured to guarantee halal trading by eliminating interest payments while imposing a steady commission based on order direction instead of swaps.
The MetaTrader 4 and 5 platforms offer Muslims access alongside FOREX.com’s platform with tools such as leverage options, market analysis resources, and risk management features using multiple currency pairs.
However, Islamic accounts may incur wider spreads and additional fees that should be examined closely since transfer commissions are priced variably across all currencies used in their trades.
How to open an Account with FOREX.com
To register a live trading account with FOREX.com, you can follow these steps:
- ✅ Visit the FOREX.com website
- ✅ Click the “Open an Account” button.
- ✅ Select the type of account that best fits your trading strategy. FOREX.com provides various account types, such as Standard, Commission, and Direct Market Access Accounts.
- ✅ Complete your personal information on the online application form, such as your name, email address, phone number, and country of residence.
- ✅ Include information like your employment status, annual income, and trading experience.
- ✅ Submit a copy of your government-issued ID and proof of address to verify your identity.
- ✅ Select a deposit method and transfer funds to your account to fund it. FOREX.com accepts bank transfers, credit/debit cards, Skrill, and Neteller as deposit methods.
Log into your account and access the trading platform to begin trading.
Does FOREX.com offer a demo account?
Yes, FOREX.com provides a demo account for trading practice.
What currencies can I use to fund my FOREX.com account?
FOREX.com accepts account funding in various currencies, including USD, EUR, and GBP.
FOREX.com vs Other Notable Brokers
🔎 Broker | 🥇 FOREX.com | 🥈 Admirals | 🥉 AvaTrade |
💴 Withdrawal Fee | None | ✅ Yes | None |
🆓 Demo Account | ✅ Yes | ✅ Yes | ✅ Yes |
💵 Min Deposit | $100 | $1 | $100 |
📈 Spread | 0.0 pips | From 0.0 pips | Fixed, from 0.9 pips |
📉 Commissions | $10 per round turn | From $0.02 | None |
📊 Order Execution | Market | Market, Exchange | Instant |
🎁 No-Deposit Bonus | None | None | None |
🪙 Cent Accounts | None | None | None |
⏰ Customer Service Hours | 24/5 | 24/5 | 24/5 |
🔟 Retail Investor Accounts | 3 | 6 | 1 |
☪️ Islamic Account | ✅ Yes | ✅ Yes | ✅ Yes |
⬇️ Minimum Trade Size | 0.01 lots (100k on DMA Account) | 0.01 lots | 0.01 pips |
⬆️ Maximum Trade Size | Depends on available funds | 200 lots | Unlimited |
📌 Min. Withdrawal Time | Instant | Instant | 24 to 48 Hours |
📍 Max. Withdrawal Time | Between 1 to 2 working days | Between 3 to 5 working days | Up to 10 days |
💳 Instant Withdrawals | ✅ Yes | ✅ Yes | None |
FOREX.com Trading Platforms
FOREX.com offers traders a choice between these trading platforms:
- ✅ FOREX.com Platform
- ✅ MetaTrader 4
- ✅ MetaTrader 5
FOREX.com Platform
FOREX.com’s desktop trading interface is intended for active traders. Customizable layouts, trade preferences, one-click trading, expert analytics tools, integrated strategy-building tools, extensive charting capabilities, and the ability to create custom indicators are all available.
Furthermore, FOREX.com provides a mobile trading app for iOS and Android that gives traders access to TradingView’s full trading capabilities, extensive charts, real-time analysis, and integrated fund management.
FOREX.com MetaTrader 4
With its easily navigable interface, MetaTrader 4 is a popular choice for traders of all levels. The platform offers an impressive range of charting tools, such as bar and candlestick charts, and over fifty technical indicators that aid informed decision-making.
MT4’s key feature lies with Expert Advisors support that allows automated trading strategies while single-click trades can be executed without numerous confirmations necessary.
Security measures are also highly regarded on the platform due to strong encryption protocols to ensure secure data transmissions.
FOREX.com MetaTrader 5
MetaTrader 5, on the other hand, provides enhanced charting capabilities, including more timeframes and technical indicators, allowing traders to conduct more detailed analyses.
The platform also includes a multi-threaded strategy tester, which allows traders to evaluate their automated trading strategies more efficiently. An economic calendar is integrated directly into MT5, allowing traders to stay current on important economic events.
Depth of Market and additional order types such as “Buy Stop Limit” and “Sell Stop Limit” are also available. MT5, like MT4, places a high priority on security, with advanced encryption and secure login features.
FOREX.com TradingView
FOREX.com has enriched its trading platforms by integrating with TradingView, which offers many charting and analysis tools to cater to traders at every level.
This partnership opens vast possibilities for market exploration through features such as customizable charts, social networking capabilities, and access to various technical indicators.
Notably user-friendly on FOREX.com is the interface offered by TradingView – intuitive yet highly adaptable according to individual preferences. Traders can customize dashboard settings while saving preferred chart layouts that can be shared within the community if desired.
Multiple charts, including candlestick, line, or bar ones, serve well towards accommodating varying trader styles with convenient presentation of key market data points available.
What trading platforms does FOREX.com offer?
FOREX.com has several platforms available, including the FOREX.com Platform, MetaTrader 4, MetaTrader 5, and TradingView.
What charting tools are available on FOREX.com platforms?
FOREX.com provides various charting tools like bar, candlestick, and line charts.
Which Markets Can You Trade with FOREX.com?
Traders can expect the following range of markets from FOREX.com:
- ✅ Forex
- ✅ Indices
- ✅ Stocks
- ✅ Commodities
- ✅ Precious Metals
- ✅ Cryptocurrencies
- ✅ Energies
Financial Instruments and Leverage offered by FOREX.com
🔎 Instrument | 🅰️ Number of Assets Offered | 🅱️ Max Leverage Offered |
📈 Forex | 91 | 1:400 |
💎 Precious Metals | 5 | 1:200 |
📉 Indices | 18 | 1:200 |
📊 Stocks | 4,500 | 1:20 |
🪙 Cryptocurrency | 8 | 1:25 |
💡 Energies | 4 | 1:100 |
🍎 Commodities | 7 | 1:25 |
Can I trade commodities like gold and oil with FOREX.com?
Yes, commodities such as gold and oil can be traded.
Can I trade ETFs with FOREX.com?
No, FOREX.com does not currently offer ETF trading.
What is the maximum leverage offered by FOREX.com?
The maximum leverage varies by financial instrument, but it can reach 400:1 for Forex trading.
Is scalping allowed on FOREX.com?
Yes, scalping is allowed on FOREX.com platforms.
FOREX.com Trading and Non-Trading Fees
Spreads
FOREX.com spreads vary. They vary by account type, financial instrument traded, and market conditions. The following spreads are typical for traders:
- ✅ Spreads for EUR/USD start at 1.3 pips in the Standard Account, averaging 0.6 pips.
- ✅ Spreads start at 0.0 pips in the Raw Spread Account.
- ✅ DMA Account spreads average 1.3 pips for EUR/USD and 0.1 pips for the same instrument.
Additional spreads according to different financial instruments are as follows:
🔎 Instrument | 🅰️ Average Spreads | 🅱️ Typical Spreads |
💴 AUD/USD | 0.8 pips | 1.5 pips |
💵 EUR/CHF | 2.3 pips | 2.9 pips |
💶 XAU/USD | 44 pips | 82 pips |
📈 Indices | 1 pip | N/A |
📉 Commodity Futures | 0.35 pips | N/A |
📊 Spot Commodities | 1.5 pips | N/A |
🪙 Crypto | 0.5 pips | N/A |
Commissions
The Raw Spread Account from FOREX.com imposes a commission fee of $10 per round-trip trade, or $5 per 100,000 traded. The DMA Account, on the other hand, has standard commissions that may vary based on trading volume.
For instance, a user of this account type who executes trades totaling $350 million in one month would be required to pay a commission fee of $50 during the same time.
However, should their monthly transactions exceed or total up to 550 million dollars by the bill’s due date, they will only receive fees proportional to the amount exchanged (at prices determined by rolling averages).
While these rates are flexible and dependent on market conditions and desired trading volumes, this also means that traders should not rely too heavily on the fees that apply at any given time without checking beforehand, as adjustments can occur based on how much the prevalent global trafficking scenes have changed.
Overnight Fees, Rollovers, or Swaps
Overnight deposits attract an interest charge known as the overnight fee. This charge is computed by factoring in the difference between the interest rates of both currencies involved in a trade.
The rollover rate, on the other hand, depends on prevailing exchange rates and any disparities in currency interests. Consequently, market changes can influence rollover charges significantly towards quarter or year-end periods.
FOREX.com adjusts its rollover fees occasionally to account for industry dynamics and shifting market trends. Below are examples of standard overnight levies imposed by FOREX.com upon traders:
🔎 Instrument | ➡️ Long (Buy) Swap | ↪️ Short (Sell) Swap |
💴 EUR/USD | -0.54 pips | 0.03 pips |
💵 CAD/CHF | 0.09 pips | 0.63 pips |
💶 CHF/JPY | -0.39 pips | -0.05 pips |
💷 EUR/GBP | -0.64 pips | 0.15 pips |
💴 EUR/ZAR | -3.67 pips | 1.98 pips |
💵 USD/ZAR | -2.64 pips | 1.01 pips |
💶 XAG/USD | -0.03 pips | 0.01 pips |
💷 XAU/USD | -0.03 pips | -0.11 pips |
Deposit and Withdrawal Fees
- ✅ FOREX.com charges no fees for deposits or withdrawals, regardless of the payment method used by traders.
Inactivity Fees
- ✅ After 12 months of inactivity, an inactive live trading account will incur a $15 fee.
Currency Conversion Fees
When traders deposit or withdraw in a currency other than USD, EUR, or GBP, a 0.5% currency conversion charge will be applied.
Are there any withdrawal fees at FOREX.com?
No, FOREX.com does not charge withdrawal fees, but bank fees may apply.
Does FOREX.com charge a commission?
Commission-free and commission-based accounts are available at FOREX.com.
Calculating Forex Trading Rebates with FOREX.com
Calculating forex trading rebates with FOREX.com can be useful for traders looking to maximize their profits. This is how it usually works:
Example 1: High-Volume Trader
Assume you are a high-volume trader who deals with 100 standard lots per month. If FOREX.com offers a $5 rebate per standard lot, your monthly rebate is calculated as follows:
- ✅ Rebate per lot: $5
- ✅ Total lots traded: 100
- ✅ Monthly rebate: $5 x 100 = $500
Example 2: Scalper
If you are a scalper who trades 500 mini lots (0.1 standard lot) per month and FOREX.com offers a $0.50 per mini lot rebate, your rebate would be as follows:
- ✅ Rebate per mini lot: $0.50
- ✅ Total mini lots traded: 500
- ✅ Monthly rebate: $0.50 x 500 = $250
Example 3: Active Trader Program
FOREX.com has an Active Trader Program that provides a 15% commission rebate to traders who trade more than $10 million in monthly trading volume. If you have a monthly trading volume of $12 million and paid $1,200 in commissions, your rebate would be as follows:
- ✅ Monthly commission: $1,200
- ✅ Rebate percentage: 15%
- ✅ Monthly rebate: $1,200 x 0.15 = $180
Example 4: Tiered Rebate Structure
Some brokers have tiers of rebates based on trading volume. For example, if you trade up to 50 standard lots, you will receive a $4 rebate per lot; if you trade 51-100 lots, you will receive a $5 rebate per lot. If you traded 80 lots in a month, you would receive the following rebate:
- ✅ First 50 lots: 50 x $4 = $200
- ✅ Next 30 lots: 30 x $5 = $150
- ✅ Total monthly rebate: $200 + $150 = $350
Is the rebate rate fixed at FOREX.com?
No, the rebate rate varies according to trading volume and account type.
Is there a cap on how much I can earn in rebates at FOREX.com?
Yes, depending on the account type and trading volume, there may be a cap on how much you can earn.
FOREX.com Deposits and Withdrawals
Participating in FOREX.com’s Active Trader Program or other initiatives aimed at high-volume traders is usually required to claim forex rebates. Rebates are typically credited to your trading account immediately or at the end of a trading period, such as monthly or quarterly.
Rebates can be calculated as a percentage of the spread or as a fixed amount per lot traded. To withdraw these rebates, navigate to your trading account’s ‘Funds Management’ or ‘Withdrawal’ section.
You can then select the withdrawal method and the amount you want to withdraw. It is critical to read the rebate withdrawal terms and conditions because there may be minimum withdrawal amounts or other requirements that must be met.
FOREX.com offers the following deposit and withdrawal methods:
- ✅ Credit Card
- ✅ Debit Card
- ✅ Bank Wire Transfer
- ✅ Neteller
- ✅ Skrill
How to Deposit Funds with FOREX.com
To deposit funds to an account with FOREX.com, traders can follow these steps:
- First, sign into your trading account and go to the ‘Deposit Funds’ or ‘Banking’ section. F
- com accepts bank transfers, credit/debit cards, and e-wallets such as Skrill and Neteller as deposit methods. Select your preferred deposit method and follow the on-screen prompts.
- You must enter the amount you wish to deposit and any additional information required, such as your bank account details, for a bank transfer.
Confirm the deposit once you’ve completed the necessary steps. Depending on the deposit method, the time it takes for funds to appear in your account can vary.
FOREX.com Fund Withdrawal Process
To withdraw funds from an account with FOREX.com, traders can follow these steps:
- Log into your account and navigate to the ‘Withdraw Funds’ or ‘Banking’ section to begin a withdrawal.
- Several withdrawal methods are available here, including bank transfer, credit/debit card, and e-wallet options. Choose your preferred method and enter the amount to be withdrawn.
- If you withdraw rebates, ensure you have met any conditions or requirements outlined in the rebate program.
- The request will be processed once the withdrawal has been confirmed.
The time it takes for the funds to reach you will be determined by the withdrawal method selected and any processing time required by FOREX.com.
How long does it take to process a rebate withdrawal at FOREX.com?
Withdrawal times are typically consistent with FOREX.com’s standard procedure.
Is there a minimum withdrawal amount for rebates at FOREX.com?
Yes, FOREX.com’s standard withdrawal minimums apply to rebate withdrawals as well.
FOREX.com Education and Research
Education
FOREX.com offers the following Educational Materials:
- ✅ Trading Concepts
- ✅ Risk Management Guides
- ✅ Technical Analysis
- ✅ Fundamental Analysis
- ✅ Trading Strategies
- ✅ Trading Topics
- ✅ Glossary
- ✅ Trading Courses (Beginner, intermediate, advanced)
- ✅ What is Forex?
- ✅ Chart Basics
- ✅ Developing a Trading Plan
and much more.
Research
FOREX.com offers traders the following Research and Trading Tools:
- ✅ The Latest Research
- ✅ Market Insights
- ✅ Trade-Ideas
- ✅ Pivot Points
- ✅ Economic Calendar
- ✅ Week Ahead Reports
- ✅ Webinars
- ✅ Popular Topics Section
and much more.
FOREX.com Bonuses and Current Promotions
FOREX.com offers a $5,000 welcome bonus to new clients who deposit funds into their accounts. The bonus is given per the terms and conditions of the promotion.
It should be noted that the bonus is not withdrawable; however, it can be used to trade and generate profits that can be withdrawn. The bonus is credited to the trader’s account within 14 days if all trading requirements are met.
The welcome bonus is available to clients who meet certain criteria, such as making their first deposit after October 1, 2019, and not having previously traded on any other FOREX.com account. The minimum deposit required to receive the minimum $250 bonus is $1,250.
Qualifying deposits can be made in one lump sum or a series of deposits within 14 days of the first deposit. Transfers from another FOREX.com account do not qualify as deposits for this promotion.
What is the welcome bonus offered by FOREX.com?
FOREX.com provides a welcome bonus of up to $5,000 to new clients who deposit funds into their accounts per the promotion’s terms and conditions.
How long does it take for the welcome bonus to be credited to my FOREX.com account?
The bonus will be credited to your account within 14 days if all trading requirements are met.
How to open an Affiliate Account with FOREX.com
FOREX.com provides a comprehensive affiliate program, which is unavailable in certain countries. Therefore, the following information is for reference purposes only. Traders who are eligible to participate in the affiliate program can register an Affiliate Account by following these steps:
- ✅ Visit the FOREX.com website and select “Affiliate Program” under “Our Parent Company” in the “About Us” section.
- ✅ If interested in promoting GAIN Capital, City Index, or FOREX.com, affiliates will be directed to the GAIN Capital affiliates page.
- ✅ Regardless of the chosen option, affiliates will be directed to a standard registration form with three sections: Personal, Payment, and Additional information.
Prospective affiliates can submit a completed registration form, which a GAIN Capital representative will review.
FOREX.com Affiliate Program Features
GAIN Capital operates the FOREX.com affiliate program, which enables traders to quickly earn up to $650 through the CPA program and enjoy the following benefits:
- ✅ Excellent commission rates
- ✅ Collaboration with a regulated global brand
- ✅ Access to outstanding conversion paths
and much, much more.
FOREX.com Customer Support
FOREX.com provides customer support through various channels to ensure traders can access the assistance they need. Here are some of the ways you can reach FOREX.com’s customer support team:
- ✅ Phone Support: Call the customer support team directly for immediate assistance. The support team is available 24/5.
- ✅ Live Chat: You can use the live chat feature on the FOREX.com website to chat with a customer support representative in real-time.
- ✅ Email Support: You can send an email to the customer support team, and they will respond to your query within one business day.
- ✅ FAQ Section: FOREX.com’s website has a comprehensive FAQ section that covers a wide range of topics, from account opening to trading tools and platforms.
FOREX.com maintains a presence on various social media platforms, including Twitter and Facebook, where you can message them for assistance.
Is there a FAQ section on the FOREX.com website?
Yes, there is a comprehensive FAQ section on the FOREX.com website.
Is FOREX.com’s customer support available 24/7?
No, Customer service is only available during market hours.
Legal and Tax Implications and Understanding Forex Trading Rebates with FOREX.com
Understanding the legal and tax implications of FOREX.com forex trading rebates is critical for traders looking to maximize their returns while remaining compliant with regulations.
Forex trading rebates are cashback incentives given to traders based on their trading volume. While these rebates can significantly increase profitability, they are not without legal and tax implications.
Traders should know the legal terms and conditions associated with forex rebates. These terms frequently outline eligibility requirements, calculating rebates, and any limitations or restrictions. You must read and comprehend these terms to ensure you fully comply with the rebate program.
Tax implications can be more complicated and vary depending on where a trader resides. Forex trading rebates may be considered income in some countries and thus subject to income tax. In other jurisdictions, they may be viewed as a reduction in trading costs, which may or may not be taxable but may affect the calculation of capital gains or losses.
Given the complexities of tax laws, it is recommended that you consult with a tax professional to understand how forex trading rebates will affect your tax liability.
Furthermore, traders must keep detailed records of all transactions, including details of rebates received. This will not only aid in calculating net profits or losses but will also be required documentation in the event of a tax audit.
Do I need to sign any legal documents to receive rebates from FOREX.com?
No, FOREX.com does not require any specific legal documents to receive rebates.
Are there any legal restrictions on using my rebates from FOREX.com?
No, rebates are added to your trading balance and can be used or withdrawn per the terms and conditions of FOREX.com.
Risks and Limitations of Forex Trading Rebates at FOREX.com
Risks of Forex Trading Rebates at FOREX.com
- The allure of rebates may bind you to a specific broker, preventing you from taking advantage of potentially better trading opportunities or platforms elsewhere.
- The legal status of trading rebates may be under scrutiny in some jurisdictions, and changes in regulations may affect the availability or structure of rebate programs.
- Some rebate programs may require sharing additional personal or financial information, potentially exposing you to data privacy risks.
- Unlike fixed trading costs, rebates can fluctuate depending on market conditions or promotional periods. Because of this unpredictability, calculating your net trading costs can be difficult.
- Rebate programs may be designed in such a way that they benefit the broker more than the trader. The rebates, for example, could be tied to trading higher-risk instruments, subtly encouraging riskier behavior.
Limitations of Forex Trading Rebates at FOREX.com
- Certain rebate programs may only become available after a significant trading volume has been reached, making them less advantageous for retail traders who trade in smaller volumes.
- Earned rebates may sometimes expire if not claimed within a certain timeframe, nullifying the benefits.
- If you trade in a currency other than the base currency of your account, you may incur conversion costs or fluctuations that offset the rebate’s benefits.
- Some programs may only offer rebates on “winning” or “losing” trades, limiting the overall benefit of the program.
- Some brokers may not credit rebates immediately, causing cash flow issues for traders who rely on these funds for liquidity.
Can my rebates expire at FOREX.com?
No, rebates do not usually expire, but always check FOREX.com’s terms and conditions for details.
Do rebates affect the leverage I can use at FOREX.com?
No, rebates have no effect on your leverage settings at FOREX.com.
Strategies to Maximize Rebates with FOREX.com
Strategies to Maximize Rebates with FOREX.com include:
- ✅ Monitor your trading volumes and account balances regularly to ensure you are on track to maximize your rebates.
- ✅ If you are a high-volume trader, talk to your Relationship Manager about bespoke rebate schemes.
- ✅ Make a quarterly plan for your trading activities to meet the minimum trade volume or average account balance requirements for continued eligibility.
- ✅ Be strategic about withdrawing funds from your account to avoid affecting your average account balance and, thus, your rebate eligibility.
- ✅ Use high-frequency trading strategies to increase your monthly trading volume and move up the rebate tiers.
- ✅ To increase your trading volume without putting all your eggs in one basket, spread your trades across multiple currency pairs.
Put your earned rebates to use in additional trading activities. This not only increases your trading volume but also increases your chances of earning more rebates.
Can I use automated trading to maximize rebates at FOREX.com?
Yes, to maximize rebates at FOREX.com, automated trading strategies can be used.
Can I change my trading strategy to earn more rebates at FOREX.com?
Yes, changing your trading strategy can affect the rebates you earn.
FOREX.com Alternatives
- 🥇 IG is a well-established brokerage firm that offers a comprehensive suite of trading platforms and tools. They have a global presence, are regulated in multiple jurisdictions, and provide access to various financial instruments, including forex, stocks, indices, and cryptocurrencies.
- 🥈 eToro is a popular social trading platform that allows traders to copy the trades of successful traders in real time. They offer a user-friendly platform, competitive spreads, and a wide range of trading instruments, including stocks, forex, and cryptocurrencies.
- 🥉 TD Ameritrade is a US-based brokerage firm that offers a range of investment services, including forex trading. In addition, they provide access to several trading platforms, including thinkorswim, which is highly regarded for its advanced features and tools.
FOREX.com VPS Review
FOREX.com MT4 VPS
To be eligible for free Expert Advisor (EA) VPS hosting with FOREX.com and Liquidity Connect, which offers secure hosting of customizable trading systems without any extra charge, traders must achieve a notional volume of at least $500,000 per month.
In addition, eligibility for this service will be reviewed at the end of each calendar month, and accounts that do not meet the minimum requirement will be charged a $30 fee to cover the VPS service.
FOREX.com MT5 VPS
With Expert Advisor (EA) hosting on a Virtual Private Server (VPS), traders can automate their trading strategies using MetaTrader 5 EAs within the MetaTrader platform. In addition, EAs can be customized to meet personal preferences, providing flexibility, market oversight, and control.
To qualify for EA hosting, traders must maintain a minimum account balance of $5,000 and execute at least 10 round-trip mini lots or its equivalent per calendar month. Eligibility for this service will be re-evaluated at the end of each calendar month, and accounts that do not meet the minimum requirement will no longer have access to Expert Advisor Hosting.
Furthermore, Gallant Partners Hosting provides the Expert Advisor Hosting service on FOREX.com’s MT5.
FOREX.com Web Traffic Report
🌎 Global Rank | 39,368 |
📌 Country Rank | 14,572 |
📍 Category Rank | 111 |
🚩 Total Visits | 1.5 million |
⚽ Bounce Rate | 48.54% |
🅰️ Pages per Visit | 3.72 |
🅱️ Average Duration of Visit | 00:03:54 |
📊 Total Visits in the last three months | December – 1.4M January – 1.4M February – 1.5M |
FOREX.com Pros and Cons
✅ Pros | ❎ Cons |
Financial regulators like the FCA, CFTC, and NFA ensure trading security | Traders could start overtrading if they do not trade responsibly with the FOREX.com rebate program |
UK and EU, client account protection is available | There is no negative balance protection for US clients |
User-friendly and customizable trading platforms | US clients cannot use stop-loss orders |
FOREX.com offers numerous products in Forex, equities, commodities, indices, and more | There are high trading and inactivity fees |
A rebate program for high-volume traders can significantly reduce trading costs | The desktop trading platform can be complex to understand |
Annual profits could rise 30% depending on trading frequency | Email response can be slow |
FOREX.com Customer Reviews
🥇 Excellent Choice.
This service boasts economical fees, prompt execution, and a crucial feature of funds withdrawal appearing on one’s credit card within two days. My four-year tenure with this service has been unblemished, with consistently excellent customer service experiences. – Maariyah Allison
🥈 Five Stars.
I rate FOREX.com with five stars, as I have never encountered an issue that was not expeditiously resolved, always with a positive outcome. Despite the challenges posed by COVID-19, my interactions with customer service have been infrequent but prompt and accurate. – Edgar Petty
🥉 Great Trading Platforms.
The trading platforms are to my liking, with seamless mobility and an accessible customer service team. The website provides a wealth of resources, and seasoned Forex traders conduct various training seminars. – January Carroll
Recommendation for Improving FOREX.com Cashback Rebates
FOREX.com currently only offers cashback rebates on Forex. Therefore, a recommendation would be for the broker to include other asset classes, providing traders with more variety. Furthermore:
- ✅ Allowing traders to choose whether to receive their rebates as trading credits or direct withdrawals could add more convenience.
- ✅ Seasonal or event-based rebate promotions can entice new traders while re-engaging inactive ones.
- ✅ Although FOREX.com provides a wide range of forex pairs, adding more assets such as cryptocurrencies, stocks, or ETFs may attract a larger audience.
- ✅ While customer service is positive, providing 24/7 support could improve the trading experience, particularly for those trading in different time zones.
- ✅ While FOREX.com’s platforms are robust, user experience and interface design could be improved to make it more intuitive for traders of all levels.
- ✅ Expanding educational content can help traders make more informed decisions, particularly those new to forex trading.
- ✅ Offering instant rebates rather than monthly or quarterly pay-outs could provide traders immediate benefits.
- ✅ Clearer rebate program terms and conditions can help traders understand how to qualify for and redeem rebates.
Finally, the program can be more appealing by removing or extending any expiration dates on earned rebates.
Our Review Methodology: For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. This evaluation comprises positives, disadvantages, and an overall score based on our findings. We want to assist you in locating the ideal broker for your requirements. Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
Addendum/Disclosure: No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
Our Verdict on FOREX.com
Per our findings, FOREX.com’s cashback rebate program provides an enticing incentive for novice and experienced traders to trade Forex on their platform.
In addition, the program rewards trading activity, which can be especially advantageous for high-frequency traders. However, it is critical to understand the terms and conditions of these rebates, as they can change depending on trading volume and other factors.
On the plus side, the rebates can effectively lower the cost of trading, making it more accessible to cost-conscious traders. The program also adds another financial benefit to FOREX.com’s competitive spreads and low commissions.
However, traders must be wary of allowing the allure of rebates to influence their trading decisions. Instead of maximizing rebates, sound trading strategies should always be the primary focus.
Furthermore, be aware of any time constraints or expiration dates associated with the rebate program, as these may impact the overall benefit.
FOREX.com Frequently Asked Questions
How do I qualify for FOREX.com rebates?
To be eligible for FOREX.com rebates, you must enroll in the program and meet the minimum trading volume requirements.
What are forex trading rebates?
Forex trading rebates are a portion of the spread or commission returned to traders as an incentive to increase trading activity.
How do forex trading rebates work with FOREX.com?
Forex trading rebates at FOREX.com are calculated based on your trading volume and credited back to your account within a specified time frame.
Are forex trading rebates taxable?
Forex trading rebates may have tax implications, so consult a tax professional for advice specific to your jurisdiction.
How are FOREX.com rebates calculated?
FOREX.com rebates are calculated based on your trading volume and the broker’s rebate rates.
When are FOREX.com rebates paid?
FOREX.com rebates are usually paid within 14 days of the end of the month.
Are there any limitations or restrictions on using forex trading rebates?
Yes, at FOREX.com, rebates may be subject to restrictions such as a minimum trading volume requirement and the platform’s terms and conditions.
Are there any requirements to be eligible for forex trading rebates with FOREX.com?
Yes, your account type and the volume of trades you execute may determine your eligibility for rebates at FOREX.com.
Are there any fees associated with FOREX.com rebates?
No, there are no additional fees associated with FOREX.com rebates.
Can I withdraw my FOREX.com rebates?
Yes, you can withdraw your FOREX.com rebates.
Can I combine forex trading rebates with other promotions or bonuses offered by FOREX.com?
FOREX.com has a $5,000 welcome bonus, but it is unclear if this can be combined with forex trading rebates. For specific guidance, it is best to consult FOREX.com’s terms.
Do I need to open a new account to qualify for FOREX.com rebates?
No, you can still earn FOREX.com rebates with your current account.
How are forex trading rebates credited to my account with FOREX.com?
When you meet the qualifying criteria at FOREX.com, rebates are credited to your trading account and can be used for future trades or withdrawn depending on the terms and conditions.
How can I sign up for forex trading rebates with FOREX.com?
To sign up for FOREX.com forex trading rebates, you typically need to do so through your account settings.
How can I track and monitor my forex trading rebates with FOREX.com?
FOREX.com provides a section on your account dashboard where you can check the status and amount of your earned rebates.
How much can I earn through forex trading rebates with FOREX.com?
You can earn $10 per million traded on Level 5 of the Active Trader program. In addition, traders could earn up to 15% savings on qualifying trades.