Is FOREX.com Safe?- Security Features Tested & More
Can I Trust FOREX.com With My Money?
FOREX.com is a well-established, globally recognised broker offering FCA-regulated trading in the UK. With over 20 years of operational history, transparent practices, and strong client fund protections, it is considered trustworthy for retail and professional traders seeking a secure platform to trade forex and CFDs.
Authors Comments
Testing FOREX.com firsthand, I found the platform stable, responsive, and professionally managed. Trade execution was consistently fast, customer support was responsive, and all regulatory and security measures were clearly visible. Overall, it felt safe for both new and experienced traders to use with confidence.
FOREX.com Overview
FOREX.com is a globally recognised forex and CFD broker and part of the NASDAQ-listed StoneX Group. Founded in 2001, it is FCA-regulated and trusted by over 1 million traders worldwide. The broker offers powerful platforms, competitive pricing, and extensive market coverage — giving traders access to global opportunities across multiple asset classes.
- Minimum Deposit: £100
- Regulation: FCA (UK)
- Trading Platforms: WebTrader, TradingView, MT4, MT5
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Market Access:
- 80+ Forex pairs
- CFDs on Indices, Shares, Commodities, and Metals
- Spread betting available for UK clients
- Extended Trading Hours: 24-hour forex trading, Sunday to Friday, with global market access across major time zones.
Trading and investing involve risk. The value of your investments can go up or down, and you may lose all or part of your capital. These products may not be suitable for all investors. Please ensure you fully understand the risks involved.
Who Regulates FOREX.com and Why Does It Matter?
FOREX.com is regulated by multiple top-tier authorities, including the UK’s FCA, Australia’s ASIC, MAS Singapore, NFA USA, CIRO Canada and CIMA This regulatory framework ensures compliance with strict financial and operational standards, protecting traders from fraud, mismanagement, and providing mechanisms to resolve disputes or financial issues safely.
Other international regulators (ASIC, NASDAQ listing)
FOREX.com is also authorised by ASIC in Australia and operates under NASDAQ-listed StoneX Group governance. This additional oversight reinforces its global regulatory compliance and adds extra layers of financial security, ensuring the broker adheres to international best practices.
Table: Key Regulatory Information for FOREX.com
| Regulator | Region | License/ID | Key Protections |
|---|---|---|---|
| FCA | UK | 446717 | Segregated funds, FSCS coverage up to £85,000, periodic audits |
| ASIC | Australia | 362264 | Client fund protection, operational oversight, compliance checks |
| NASDAQ | Global | Listed under StoneX Group | Transparency, corporate governance, investor protections |
How Are Client Funds Protected on FOREX.com?
Client funds at FOREX.com are kept in segregated accounts, separate from the broker’s operational funds. This ensures that even if the company faces financial issues, clients’ deposits are protected. Combined with FSCS coverage in the UK and additional safeguards for international and corporate accounts, funds are secure.
How Does FSCS Protection Work and Who Is Eligible?
UK clients are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 per person if FOREX.com were to become insolvent. This provides an added safety net and reassurance that personal investments are backed by a government scheme.
How Are International and Corporate Accounts Protected?
International and corporate clients benefit from local regulatory protections and corporate governance rules. FOREX.com maintains strict compliance globally, ensuring corporate accounts and non-UK clients receive adequate safeguards for deposits and trading activity.
What Security Features Does FOREX.com Have?
FOREX.com employs multiple security measures to protect client data and trading accounts. These include two-factor authentication, bank-grade encryption, robust platform security against hacking, and ongoing cybersecurity audits. Together, these measures minimise the risk of unauthorised access and enhance overall trust.
How Does FOREX.com Safeguard the Platform Against Hacking or Unauthorised Access?
The platform uses firewalls, intrusion detection systems, and secure coding practices to protect against cyberattacks. Regular penetration testing and real-time monitoring help prevent unauthorised access and maintain platform integrity for active traders.
How Do Ongoing Audits and Cybersecurity Practices Keep My Funds Safe?
FOREX.com conducts continuous internal and third-party audits to verify system security and compliance. Regular software updates, vulnerability assessments, and monitoring of unusual activity ensure the platform remains secure against evolving cybersecurity threats.
Is FOREX.com Transparent and Reliable?
FOREX.com demonstrates transparency and reliability through fast, consistent trade execution, clearly stated spreads, commissions, and overnight fees, and a strong track record of platform stability. Traders benefit from predictable pricing, reliable order fulfillment, and the confidence that the broker has maintained industry standards over time.
Are FOREX.com’s Fees Transparent and Easy to Understand?
All trading fees, including spreads, commissions, and overnight financing, are clearly listed on the platform. There are no hidden charges, and traders can easily calculate costs in advance, promoting informed trading decisions.
What Does Historical Performance and User Feedback Say About Platform Stability?
FOREX.com has over 20 years of operational history, and user feedback highlights platform uptime and reliability. The combination of robust technology and responsive support provides a consistent and trustworthy trading experience for UK investors.
How Does FOREX.com Compare to Other UK Brokers?
FOREX.com excels in FCA regulation, segregated accounts, FSCS protection, and platform variety (web, mobile, MT4). Fast trade execution, integrated TradingView charts, and robust research tools provide a secure, reliable environment for UK traders.
Where Might Other Brokers Perform Better?
Some competitors may offer lower spreads on niche instruments, more beginner-friendly interfaces, or enhanced educational content. Traders focused on ultra-low cost trading or very specialised markets might find alternative platforms more suitable.
Side-by-Side Comparison Table
| Feature | FOREX.com | IG | CMC Markets | eToro |
|---|---|---|---|---|
| FCA Regulated | Yes | Yes | Yes | Yes |
| Segregated Accounts | Yes | Yes | Yes | Yes |
| FSCS Protection | £85,000 | £85,000 | £85,000 | £85,000 |
| Execution Speed | Milliseconds | Milliseconds | Milliseconds | Moderate |
| Spreads (EUR/USD) | 0.7 pts | 0.8 pts | 0.5 pts | 0.75% |
| Platforms | Web, Mobile, MT4, TradingView | Web, Mobile | Web, Mobile | Web, Mobile |
Final Verdict: Is FOREX.com Safe for UK Traders?
FOREX.com is a secure and regulated broker ideal for UK traders seeking FCA oversight, client fund protection, and reliable platform execution. While trading CFDs and FX carries inherent risks, the combination of regulation, segregated accounts, FSCS coverage, and advanced tools makes it a trustworthy choice.
Who Will Benefit Most from Using FOREX.com?
Experienced retail traders and professional investors looking for regulated, secure, and high-speed execution with access to global FX, CFDs, commodities, and indices will find FOREX.com particularly valuable.
Trade with a Global Leader in Forex
- From £100 Minimum Deposit
- 80+ FX Pairs & Global CFDs
- 24-Hour Forex Trading
Trading and investing involve risk. Capital at Risk
FAQs
Is FOREX.com FCA-Regulated?
Yes. FOREX.com is fully authorised and regulated by the UK Financial Conduct Authority (FCA), ensuring it adheres to strict rules on capital requirements, reporting, and client protection. FCA regulation provides a high standard of oversight for UK retail and professional traders.
How Are Client Funds Protected on FOREX.com?
Client funds are held in segregated accounts separate from company money. Eligible UK clients benefit from FSCS protection of up to £85,000. International clients may also have access to local compensation schemes or safeguards, ensuring funds remain secure even in the unlikely event of insolvency.
What Security Measures Protect My Account and Data?
FOREX.com employs two-factor authentication, SSL encryption, platform monitoring, and ongoing cybersecurity audits. These safeguards prevent unauthorised access, protect financial data, and ensure that trade execution and account operations are secure, giving traders confidence that their accounts are safe.
Does FSCS Compensation Apply If FOREX.com Becomes Insolvent?
Yes, UK clients are eligible for FSCS compensation up to £85,000 per person. This covers cash and certain investments held with the broker, acting as a safety net should the company become insolvent. Non-UK clients may have alternative protections depending on local regulations.
Are CFDs and Forex Safe to Trade on FOREX.com?
CFDs and Forex are high-risk instruments due to leverage. FOREX.com provides regulatory oversight, segregated funds, and risk management tools, but traders can still lose capital quickly. Understanding leverage, setting stop-losses, and following proper risk management practices are essential for safe trading.
How Can I Verify FOREX.com’s Regulatory Status?
You can verify FOREX.com’s FCA registration via the official FCA register using its Firm Reference Number (FRN 446717). Additional regulatory information for other jurisdictions, including ASIC and NASDAQ listings, is available on FOREX.com’s website under “Regulatory Information” or via local regulator databases.
