Forex.com Review Australia 2026

Forex.com quick facts

Trading costs and fees

Standard account spreads on EUR/USD and AUD/USD

The Standard account is spread-only with no commission on forex, indices and commodities. Share CFDs are the exception: AU equities carry a commission of around 0.09%. Forex.com’s published average spread on EUR/USD typically sits around 0.2 pips during peak liquidity hours, widening to 1.0 pip or more during the Sydney open and around major data releases. Across our test sample, the Standard account priced tighter than easyMarkets and Mitrade, and roughly in line with CMC’s Standard account.

RAW Pricing account

The RAW Pricing account narrows the spread closer to the underlying market price and adds a fixed commission per traded volume on forex. On the AU entity that commission is quoted in AUD: AUD 3.50 per side (AUD 7.00 round turn) per standard lot on AUD-denominated MT4 accounts, or AUD 3.00 per side per AUD 100,000 (AUD 6.00 round turn) on the Web Trader commission tier. Across our eight measured pairs (May to June 2026 rolling 24-hour captures), RAW Pricing averaged 0.39 pips before commission. For an Australian client, total cost on EUR/USD typically lands around 0.7 to 0.9 pips equivalent, depending on session and volatility. That’s competitive with CMC FX Active (1.0 pip equivalent) but still wider than Pepperstone Razor (0.55 pips equivalent in our last cycle) or IC Markets Raw. The 0.39-pip average ranked ninth of 16 raw accounts in our raw spread comparison.

Direct Market Access (DMA) account

The DMA account is Forex.com’s institutional-style execution option for active retail and wholesale clients. It routes orders against direct market liquidity rather than the broker’s internal book. Pricing structure differs from RAW Pricing and isn’t suitable for casual traders. We have not published tested latency or slippage figures for the DMA route, so treat the routing model as the claim and not the fill speed. If you’re considering DMA, you’re likely already comparing it against Interactive Brokers or a wholesale-grade ECN account.

Other fees AU traders should check

• Overnight financing applies to positions held past 5 PM New York. Direction-dependent.
• Currency conversion is charged when you trade an instrument denominated in a currency other than your account base.
• Inactivity fee: USD 15 per month after 12 consecutive months without a trade.
• Withdrawal fees: Forex.com generally doesn’t charge for standard AU withdrawal methods.
• Share CFD commission: around 0.09% on AU equities; forex, indices and commodities are commission-free on the Standard account.
• Guaranteed stop-loss orders are platform-dependent: available on the proprietary Web Platform, not on MT4 or MT5.

Trading platforms

Forex.com Web Platform (proprietary)

The Web Platform is Forex.com’s own browser-based interface: charting, technical indicators, news feeds and trade tickets, nothing to install. If you’d rather not touch MetaTrader at all, it holds up fine.

MetaTrader 4

MT4 is available for AU clients with the full Forex.com execution stack. Right choice if you run legacy expert advisors or have an existing MT4 strategy.

MetaTrader 5

MT5 is also offered, which matters because not every AU broker provides both. MT5 supports broader native asset classes (indices, stocks, futures), uses the MQL5 language for newer EAs, and is the better choice for traders building from scratch in 2026.

TradingView (native integration)

Forex.com is one of a small group of ASIC-regulated brokers offering native TradingView trading. You connect a TradingView Pro/Premium account and execute orders directly from TradingView charts through Forex.com. Pepperstone, OANDA and Eightcap are the other AU brokers with this integration.

Copy and social trading

Forex.com has no dedicated copy or social trading platform for Australian clients. The closest substitutes are TradingView’s community features and the MetaTrader Signals marketplace.

Mobile apps

Forex.com’s mobile app supports iOS and Android with biometric login, full charting, watchlists and one-tap order entry. It works well. It’s just not a reason on its own to pick Forex.com over anyone else.

Trust and safety

Trust score: 9.5/10.

ASIC regulation and global licences

The Australian entity holds AFSL 345646 with the Australian Securities and Investments Commission. The licence sits under StoneX Financial Pty Ltd (the rebadged GAIN Capital Australia entity following the 2020 acquisition).

Globally, the Forex.com / StoneX umbrella is regulated by:

• CFTC and NFA (USA), Tier 1
• Financial Conduct Authority, UK, Tier 1
• Cyprus Securities and Exchange Commission, EU, Tier 1
• Canadian Investment Regulatory Organization, Tier 1
• Monetary Authority of Singapore, Tier 1
• Financial Services Agency of Japan, Tier 2
• Cayman Islands Monetary Authority, Tier 3 offshore

That’s eight regulators across major jurisdictions. Very few retail brokers can put that list together. Australian clients are onboarded to the AFSL 345646 entity, not to the US or offshore ones, so the ASIC rules are what govern your account.

Client money and negative balance protection

Forex.com holds retail client money in segregated accounts at an Approved Australian Bank, separate from the company’s own funds. ASIC requires negative balance protection on retail CFD accounts, so a retail account cannot lose more than the money in it. If a dispute with the broker goes wrong, AFCA can hear claims up to $1,263,000 and award compensation up to $631,500. The Compensation Scheme of Last Resort sits behind that with a $150,000 cap, but it excludes CFD trading losses, so it protects you against unpaid awards for misconduct, not against losing trades.

Forex.com’s AFCA membership number is 19679, which is what you quote if you ever need to lodge a complaint. For how this broker sits against the field on protection, see our list of the safest brokers Australian traders can use and our explainer on the negative balance protection mandate.

Parent company and ownership

StoneX Group acquired GAIN Capital (Forex.com’s parent) in mid-2020 in a transaction valued at roughly USD 600 million. StoneX itself trades on NASDAQ as SNEX with a market capitalisation in the multi-billion USD range. Because it’s a public company, StoneX publishes audited financials and regulatory filings that private brokers never have to show anyone.

Public reviews

FOREX.com holds a Trustpilot rating of 4.6 out of 5 from 2,420 reviews, which Trustpilot labels excellent, captured July 2026. The profile has been claimed by the broker since June 2018.

Common positives: platform stability, range of instruments, fast funding. Common negatives: support response time during off-peak hours, occasional confusion around fee schedules between US, UK and AU entities.

What other review sites say

FOREX.com's iOS app rates 4.38 out of 5 from 37 ratings on the Australian App Store (July 2026), listed as FOREX.com: Trade CFD Markets.

TradingView users rate FOREX.com 4.4 out of 5 from 14K reviews (July 2026).

App Store AU

4.38

37 ratingsJuly 2026

TradingView

4.4

14K reviews184.2K Traders via TradingViewJuly 2026View on TradingView

Account types and minimum deposit

Account options for AU clients

Forex.com runs Standard, RAW Pricing and DMA retail tiers from an AUD 100 minimum deposit, higher than the $0 entry at Pepperstone and CMC. The Pro A and Pro B professional tiers are wholesale routes with their own eligibility tests and follow below.

Standard and RAW Pricing are the same markets on two pricing models: Standard folds the cost into the spread, RAW narrows the spread and bills a commission. DMA is a different animal, routed against direct market liquidity, and its minimum is not published.

Forex.com runs a swap-free (Islamic) account at group level, but it is not available to Australian residents, confirmed with the desk in July 2026. The distinction matters because the global site advertises the product without making the eligibility boundary obvious. If you need a Sharia-compliant account, the answer here is no, whatever the group site shows.

Minimum deposit

Forex.com’s minimum deposit is AUD 100 on both the Standard and the RAW Pricing account. The DMA account sits above that; Forex.com does not publish the figure. AUD 100 is a low bar in absolute terms, but it is still money down where Pepperstone and CMC will open an account on nothing at all.

Professional account (Pro A / Pro B)

Eligible Australian traders can also apply for a Professional account, offered as Pro A (Wholesale) or Pro B (Sophisticated). Professional clients trade outside ASIC’s retail leverage caps: 200:1 on forex, indices and gold, 100:1 on other commodities and on bitcoin and ethereum, and 30:1 on share CFDs. Eligibility is AU$2.5 million in net assets or AU$250,000 in gross income for Pro A, or passing a sophisticated investor test for Pro B.

Funding and withdrawals

Deposit methods (AU clients)

Withdrawals

Withdrawals are generally fee-free on standard methods. AML rules require withdrawals to use the same channel as deposits where possible. Card refund 1 to 3 business days. Bank transfer 1 to 2 business days.

Account opening

Fully online, AUSTRAC-compliant. One ID document and one proof of address. Most AU applications approved within 24 hours. Onboarding score: 11/15.

Product range

Forex.com covers more than 4,500 tradeable instruments, and forex is what the shape of that range is built around: 80 plus pairs on the currency side, then a wide but shallower spread of everything else. Here the CFD product range runs to six classes:

The treasuries row is the one most AU brokers skip: US T-Notes, the German Bund and UK Gilts give you a rates position without an ETF wrapper, though CMC and IG carry the deeper fixed-income feed. What is missing is worth stating plainly: no direct ASX share investing, and no per-class instrument counts published for anything except forex.

Share CFDs

Share CFDs cover NYSE, NASDAQ, LSE, ASX and the major EU exchanges within the 4,500 plus instrument total. Coverage is broad rather than deep on the ASX side, and there is no direct ASX investing at all; every equity position here is a CFD. AU equities also carry the 0.09% commission noted in the costs section, where forex on the Standard account carries none. Our guide to global share CFD markets sets out how the AU field compares.

Crypto CFDs

The major crypto CFDs trade at ASIC’s 2:1 retail cap. These are contracts, not coins you own or can move to a wallet, and Forex.com does not publish its current AU crypto list. See how crypto CFD access compares across the AU field.

Indices and commodities

The index set covers the ASX 200, S&P/ASX SPI 200 and the global majors; commodities run gold, silver, the crude contracts, natural gas and softs. Both sit under the standard ASIC retail caps, 20:1 on gold and major indices and 10:1 on the other commodities. Neither class is part of our measured spread capture, which is forex only, so we quote no benchmarked figure here. For the wider field see our guides to index CFD coverage and commodities CFD trading.

Leverage for AU traders

Forex.com holds the ASIC caps across the Standard, RAW Pricing and DMA tiers; Pro A and Pro B are the wholesale routes past them, with the eligibility split between the two tiers: AU$2.5 million in net assets or AU$250,000 in gross income for Pro A, or a sophisticated investor test for Pro B.

ASIC caps retail CFD leverage at 30:1 on major forex pairs, 20:1 on minor pairs, gold and major indices, 10:1 on commodities other than gold, 5:1 on share CFDs and 2:1 on crypto assets. The caps come from a product intervention order that ASIC has extended to 23 May 2027, so they apply at every ASIC broker, not just Forex.com. Forex.com offers higher leverage to wholesale clients who pass the eligibility tests: 200:1 on forex, indices and gold, 100:1 on other commodities and on bitcoin and ethereum, and 30:1 on share CFDs.

ASIC requires every CFD issuer to close out a retail client’s positions once account equity falls below 50 percent of the total initial margin on all open positions. The rule is set by the product intervention order and applies to Forex.com the same way it applies to every ASIC-licensed CFD issuer. Positions cannot be netted off against each other to reduce that figure, and a gapping market can close a position below the 50 percent level.

If you are weighing that trade-off, read how leverage changes risk first, then our comparison of where wholesale clients get higher leverage.

Customer service

24/5 phone, live chat and email. Coverage runs Sydney Monday morning through Saturday morning AEDT, then closes for the weekend. Average live chat response in our testing: under two minutes during AU business hours.

The weekend shutdown is the main knock on support.

Research and education

Research

The Forex.com research desk publishes daily and weekly market commentary across forex, indices and commodities. Content quality is solid: the StoneX research bench includes named analysts with public-facing track records, which isn’t true at every retail broker.

Education

Education content covers beginner forex basics, intermediate technical analysis, platform tutorials and webinars. Fine if you already know your way around a chart. Complete beginners get a gentler start at Plus500 or eToro.

How Forex.com compares to alternatives

No single broker wins on every axis. The table below points to the brokers we would pick for specific priorities; for the full field, see our best forex brokers in Australia guide.

Should you open an account with Forex.com?

Open a Forex.com account if the StoneX listed parent and the three tier account ladder (Standard, RAW, DMA) fit a trader planning to scale up; the DMA route is rare at retail. Skip it if the AUD 100 minimum, the USD 15 monthly inactivity fee or the merely mid pack Standard spreads bother you, and note there is no ASX investing at all; Pepperstone prices tighter and CMC Markets owns the breadth case. A demo covers the Web Platform and MT accounts.

Open a Forex.com demo → (affiliate link, see our advertiser disclosure)