Independent broker review

FOREX.com Review 2026

A review of FOREX.com’s US account and MT5 disclosures, GAIN Capital Group LLC’s NFA record, and the limits of the available evidence on other group entities, fees, withdrawals and live execution.

8.5 / 10Strong · medium evidence confidence
Checked 20 October 2026

At a glance

FOREX.com key facts
Quick AnswerThe US entity GAIN Capital Group LLC is identified in NFA BASIC as an NFA member and CFTC-registered FCM and retail foreign-exchange dealer. FOREX.com publishes a US MT5-for-FX offering. Those findings apply to the named US service context only; other group entities, country eligibility, typical spreads, withdrawals and live execution were not fully verified.
Verified US entityGAIN Capital Group LLC, doing business as FOREX.com; NFA ID 0339826.
NFA / CFTC recordNFA BASIC lists the firm as an NFA Member and CFTC-registered FCM and Retail Foreign Exchange Dealer.
US MT5 for FXFOREX.com publishes a US MetaTrader 5 page specifically describing FX trading.
Other global entitiesFOREX.com’s group regulatory page lists additional jurisdictions; entity-level mapping was not completed for this review.
Last checked20 October 2026
BrokerSafari Evidence Score8.5 / 10 — Strong
Evidence confidencemedium
Evidence coverage56.3%

Pros and cons

Pros

  • NFA BASIC provides a current public record for the named US entity and NFA ID 0339826.
  • FOREX.com publishes a US MT5 page specifically describing FX trading.
  • The US MT5 page discloses RAW pricing and a commission figure, allowing a starting point for cost checks.

Cons

  • The global entity and licence map was not independently completed; the US record must not be generalized to other countries.
  • Typical spreads, live execution and platform reliability were not independently tested.
  • Deposit, withdrawal and several ongoing fee terms were not verified in the sources reviewed.

BrokerSafari Evidence Score

This is an evidence-based editorial calculation, not a guarantee of safety, an account test or an investment recommendation. It uses only the structured research recorded for this broker, never another website’s rating.

BrokerSafari Evidence Score calculation
BrokerSafari Evidence Score8.5 / 10 — Strong
Evidence confidencemedium
Evidence coverage56.3%
Assessed quality score8.8 / 10
Evidence-gap penalty−0.3
Score before caps8.5 / 10
Calculated score after caps8.5 / 10
Evidence category coverage
Regulation & Legal EntityWeight 30%; coverage 66.7% (2/3 inputs). Quality 10.0 / 10; 30 / 30 weighted points before normalization and penalties.
Safety & Client ProtectionWeight 20%; coverage 25% (1/4 inputs). Quality 8.0 / 10; 16 / 20 weighted points before normalization and penalties.
TransparencyWeight 15%; coverage 75% (3/4 inputs). Quality 8.0 / 10; 12 / 15 weighted points before normalization and penalties.
Fees & Trading CostsWeight 10%; coverage 50% (2/4 inputs). Quality 9.0 / 10; 9 / 10 weighted points before normalization and penalties.
Deposits & WithdrawalsWeight 10%; coverage 0% (0/5 inputs). Quality unassessed — not zero.
Trading Platform & ProductsWeight 10%; coverage 100% (4/4 inputs). Quality 8.4 / 10; 8.4 / 10 weighted points before normalization and penalties.
Track Record & Independent EvidenceWeight 5%; coverage 100% (2/2 inputs). Quality 8.3 / 10; 4.2 / 5 weighted points before normalization and penalties.

Quality uses only assessable inputs. Entirely unassessed categories are excluded and remaining category weights are normalized; missing evidence is not zero quality. Coverage separately measures assessed input weight out of 100%. A gap penalty of 0.0, 0.3, 0.7 or 1.2 is applied before regulatory caps. Source strength affects confidence, not a direct multiplication of the quality score.

Rating cap

None.

Why this score?

Verified strengths

  • Regulation & Legal Entity — Account-serving legal entity: verified.
  • Regulation & Legal Entity — Relevant financial regulation: independently verified.
  • Trading Platform & Products — Platform identity and clarity: verified.

Provider-disclosed evidence

  • Safety & Client Protection — Client-money segregation: disclosed.
  • Transparency — Company transparency: medium.
  • Transparency — Legal-document transparency: medium.
  • Transparency — Regulatory-disclosure transparency: high.
  • Fees & Trading Costs — Spread transparency: high.
  • Fees & Trading Costs — Commission transparency: high.
  • Trading Platform & Products — Mobile availability: disclosed.
  • Trading Platform & Products — Trading-product transparency: medium.
  • Trading Platform & Products — Platform testing: provider disclosed only.
  • Track Record & Independent Evidence — Operating history: established.

Supplementary independent evidence

  • Track Record & Independent Evidence — Independent-source documentation: medium.

Evidence gaps

  • Regulation & Legal Entity — Regulatory warnings and enforcement: unassessed.
  • Safety & Client Protection — Negative-balance protection: unassessed.
  • Safety & Client Protection — Investor-protection coverage: unassessed.
  • Safety & Client Protection — Security controls: unassessed.
  • Transparency — Contact transparency: unassessed.
  • Fees & Trading Costs — Overnight-fee transparency: unassessed.
  • Fees & Trading Costs — Live trading-cost testing/corroboration: unassessed.
  • Deposits & Withdrawals — Deposit and withdrawal fee transparency: unassessed.
  • Deposits & Withdrawals — Payment-method transparency: unassessed.
  • Deposits & Withdrawals — Withdrawal-term transparency: unassessed.
  • Deposits & Withdrawals — Independent withdrawal testing/corroboration: unassessed.
  • Deposits & Withdrawals — Verified withdrawal findings: unassessed.

Verified concerns

No verified adverse finding is recorded in these inputs. This is not a clean bill of health or continuous monitoring.

Read the scoring methodology →

Broker Overview

FOREX.com is a trading brand owned by StoneX Group Inc. The US account page identifies GAIN Capital Group LLC as the company doing business as FOREX.com. NFA BASIC independently identifies GAIN Capital Group LLC under ID 0339826 and lists its NFA membership and CFTC registration categories.

FOREX.com’s US website publishes a MetaTrader 5 page for foreign-exchange trading. The group also describes services in multiple countries, but a group-level regulator list does not establish which company would serve a particular customer. This review therefore keeps its verified regulatory assessment focused on the US entity.

A US regulator record and a platform disclosure do not remove the risks of leveraged trading. Product availability, account eligibility and protections depend on the customer’s residence, account agreement and legal entity.

Source: NFA BASIC — GAIN Capital Group LLC, NFA ID 0339826 · Last Checked:

Source: FOREX.com US — account and legal-entity disclosure · Last Checked:

Regulation

The NFA BASIC record is the primary regulatory evidence used for the US company in this review. It identifies GAIN CAPITAL GROUP LLC, NFA ID 0339826, and lists CFTC registration categories for futures commission merchant and retail foreign exchange dealer. The firm’s US website also states the same NFA number.

The provider’s global regulatory page lists several other regulator jurisdictions, but this review did not verify each related legal entity, permission, domain and customer scope in the corresponding official register. Those disclosures are not treated as independently confirmed authorizations here.

Verified US regulatory record
Regulator sourceNFA BASIC, the National Futures Association’s public firm search.
Named companyGAIN CAPITAL GROUP LLC, doing business as FOREX.COM.
NFA identifier0339826.
Record displayedNFA Member Approved; CFTC Registered categories include Futures Commission Merchant and Retail Foreign Exchange Dealer.
Scope limitUS company record only. It does not establish another group entity’s permissions or account coverage.

Source: NFA BASIC — official firm record · Last Checked:

Source: FOREX.com US — account disclosures · Last Checked:

Legal Entities

FOREX.com legal entity independently matched in this review
GAIN Capital Group LLC, doing business as FOREX.comUnited States. NFA BASIC identifies the company under NFA ID 0339826 and lists NFA membership and CFTC registration as a Futures Commission Merchant and Retail Foreign Exchange Dealer. FOREX.com’s US account page also names this company.

FOREX.com’s official group regulation page names regulator jurisdictions including the UK, Australia, Canada, Cyprus and others. The page does not, by itself, identify the entity that will contract with each customer. Those additional companies and permissions have not been mapped here; do not transfer the US NFA record to them.

Source: FOREX.com — group regulatory disclosures · Last Checked:

License Information

The NFA ID shown in BASIC is 0339826. The NFA profile is the relevant source for current activity status and registration categories; users should reopen the record before relying on it because regulatory status can change. This page does not present a global licence number for the FOREX.com brand.

Source: NFA BASIC — NFA ID 0339826 · Last Checked:

Company Information

Company information established for this review
Trading brandFOREX.com.
US account entityGAIN Capital Group LLC, doing business as FOREX.com.
Parent relationshipFOREX.com states that GAIN Capital Group LLC is a wholly owned subsidiary of StoneX Group Inc.
NFA identifier0339826.
Operating historyFOREX.com’s website states that the business has served customers since 2001; this is a provider disclosure, not an independent history audit.
Other regional entitiesNot comprehensively mapped in this review.

Brand ownership and parent-company status do not replace checking the contracting entity. The customer agreement and regulator register for the specific account remain the key sources.

Source: FOREX.com US — entity and parent disclosure · Last Checked:

Source: FOREX.com — company information · Last Checked:

Trading Platforms

The FOREX.com US platform page lists its web platform, mobile apps, TradingView and MetaTrader 5. Its dedicated US MT5 page describes MT5 for FX, desktop, web and mobile use, plus Expert Advisors and other platform features. These are provider-published descriptions; BrokerSafari did not independently test the software, execution or account access.

A platform listing does not establish that every account or product is eligible. Confirm that the selected account is the US entity’s FX account and that the live agreement matches the platform chosen during application.

US platform information reviewed
MetaTrader 5Official US page describes the platform for FX trading and provides US MT5 account links.
Web and mobileFOREX.com lists web and mobile app access; MT5 mobile is also described.
TradingViewListed on the official US trading-platform page. Exact account functionality should be confirmed with the provider.
Platform testingNot independently tested by BrokerSafari.

Source: FOREX.com US — MetaTrader 5 · Last Checked:

Source: FOREX.com US — trading platforms · Last Checked:

Trading Products

This review’s verified product context is the US retail forex offering described on FOREX.com’s US MT5 page. The NFA record establishes registration categories for the named entity; it does not by itself prove the availability of every instrument or account feature.

FOREX.com also publishes US futures and futures-options material. Those products may involve a different account or affiliated company and are not treated here as the same service as the US retail forex account. Confirm the product disclosure and legal entity before opening an account.

Product scope and verification
US retail forexProvider platform page explicitly describes a US MT5-for-FX account.
Futures and futures optionsSeparate product materials exist; account, entity and terms should be verified independently.
Other global productsNot established for every entity or customer by this review.

Source: FOREX.com US — MT5 FX product page · Last Checked:

Trading Conditions

Trading conditions depend on the product, account, legal entity and customer classification. This review did not capture a live trading session, representative order execution sample, typical spread dataset or account-specific margin schedule. Provider pages may describe minimum or indicative pricing; use the current contract specifications and account disclosures for a decision.

For leveraged forex, price movements can create substantial losses, and margin requirements may change. Check how the account handles margin close-out, stop orders, gaps, negative balances and open positions before funding.

Fees

FOREX.com’s US MT5 page describes a RAW pricing option, with FX major spreads stated as low as 0.0 pips and commission of $7 per $100,000 USD traded. This is provider-published pricing for the described US account, not a typical-spread observation or an all-in cost comparison. Verify the current commission calculation and whether it applies by side or transaction in the account’s live fee schedule.

The research reviewed here does not establish current standard-account spreads, overnight financing rates, currency-conversion costs, inactivity fees, or all payment charges. These are marked as not verified rather than estimated.

Fees reviewed
US MT5 RAW spreadAs low as 0.0 pips on FX majors, as stated on the official page; minimum, not typical.
US MT5 RAW commission$7 per $100,000 USD traded, as stated by FOREX.com; confirm current application and calculation basis.
Typical spreadsNot independently measured in this review.
Financing / rolloverNot confirmed in the sources reviewed; check current product schedule.
Other account and payment chargesNot fully established; consult the applicable US fee schedule and account terms.

Source: FOREX.com US — RAW MT5 pricing disclosure · Last Checked:

Deposit & Withdrawal

Deposit methods, withdrawal fees, processing timelines and account-specific limits were not verified from the official sources used for this review. No deposit or withdrawal was attempted. Read the current US funding and withdrawal pages and the customer agreement before transferring funds.

Confirm the legal name of the payment recipient, supported methods, minimums, fees, identity checks and withdrawal conditions. A deposit option or a provider’s processing estimate does not guarantee the time funds will reach a bank or payment service.

Research Summary

The strongest independently verified evidence in this review is the NFA BASIC record for GAIN CAPITAL GROUP LLC. FOREX.com’s US account disclosures identify the same company, and its US platform pages describe MT5 for FX. Pricing information is provider-disclosed and should be checked against current account terms.

The Evidence Score is calculated automatically from the recorded inputs. Unknown fields remain unassessed; they are not treated as proof of poor quality or as positive findings. Review the score with its coverage and confidence, and open the source records for current details.

Source: NFA BASIC firm record · Last Checked:

Source: FOREX.com US MT5 platform and pricing · Last Checked:

Safety / Regulation Analysis

The NFA record applies to GAIN CAPITAL GROUP LLC and the status displayed there. It does not establish that every company using the FOREX.com brand is regulated by the same authority or that all products have the same protections. Match the account agreement, domain and regulator record before relying on a group-level claim.

FOREX.com’s group regulation page describes additional jurisdictions, but this review did not match each company and permission to an official register. The warning status therefore remains unknown in the structured evidence; no group-wide “clear” conclusion is made.

Leveraged forex can result in losses. A regulator record does not make trading risk-free, and this review is general research rather than personal financial advice.

Source: NFA BASIC — GAIN Capital Group LLC · Last Checked:

Source: FOREX.com — group regulatory disclosures · Last Checked:

What We Could Verify

NFA BASIC identifies GAIN CAPITAL GROUP LLC, NFA ID 0339826, as an NFA member and CFTC-registered FCM and retail foreign-exchange dealer. The US FOREX.com account page names the same entity. The US MT5 page describes FX trading, device options and RAW pricing.

These findings establish an entity-specific record and provider disclosures. They do not establish a customer’s eligibility, a live account’s actual costs or the authorization of another group company.

Information Still Unclear

  • The legal entity and product that would serve a customer outside the US.
  • Current typical spreads and all-in costs under an account-specific schedule.
  • Deposit and withdrawal methods, processing conditions and fees for a particular account.
  • Independent platform testing, live execution quality and withdrawal outcomes.
  • A complete official warning and enforcement check across all group entities.

Evidence Reviewed

Official sources were reviewed on 20 October 2026. The NFA record is the primary source for the named US company. Provider platform, entity and pricing claims are attributed to FOREX.com.

Source: NFA BASIC — GAIN Capital Group LLC · Last Checked:

Source: FOREX.com US — account entity · Last Checked:

Source: FOREX.com US — MT5 and RAW pricing · Last Checked:

Source: FOREX.com US — platforms · Last Checked:

Source: FOREX.com — group regulation page · Last Checked:

Related Broker Research

FAQ

NFA BASIC identifies GAIN CAPITAL GROUP LLC, doing business as FOREX.COM, as an NFA member and CFTC-registered Futures Commission Merchant and Retail Foreign Exchange Dealer under NFA ID 0339826. Check the current regulator record before relying on it.

Related Broker Reviews