FC

FOREX.com regulation & licences

Forex & CFD broker Founded 2001 🇺🇸 United States Listed: NASDAQ:SNEX

Licence ScoreVery strongHow it's calculated

Before you open an account, check which FOREX.com company your client agreement is with.

Visit FOREX.com Compare

Our take

FOREX.com is owned by StoneX Group, a NASDAQ-listed financial services firm, after StoneX acquired GAIN Capital in 2020. FOREX.com is registered with the CFTC and NFA in the US and is also authorised in the UK, Canada, Australia, Singapore, Japan and Cyprus. Being part of a listed group with a clearing and institutional business behind it is a meaningful counterparty-risk consideration.

Best suited to: US traders who want a large, publicly-owned FX specialist

Licences on record 7

1 Tier 1 — top-tier regulation

ASICAustralian Securities & Investments Commission🇦🇺 Australia
Reference: check the register
Compensation: No statutory compensation fund for OTC derivatives; complaints go to AFCANegative balance protection: Required for retail clients
CFTC / NFACommodity Futures Trading Commission & National Futures Association🇺🇸 United States
Reference: check the register
Compensation: No compensation scheme for retail forex (SIPC does not cover spot FX)Negative balance protection: Not a regulatory requirement
CIROCanadian Investment Regulatory Organization🇨🇦 Canada
Reference: check the register
Compensation: CIPF — up to CAD 1,000,000 per account categoryNegative balance protection: Not a regulatory requirement
FCAFinancial Conduct Authority🇬🇧 United Kingdom
Reference: check the register
Compensation: FSCS — up to £85,000 per eligible client per firmNegative balance protection: Required for retail clients
JFSAFinancial Services Agency of Japan🇯🇵 Japan
Reference: check the register
Compensation: No compensation fund, but client funds must be held in a mandatory trust (kubun kanri shintaku)Negative balance protection: Not a regulatory requirement
MASMonetary Authority of Singapore🇸🇬 Singapore
Reference: check the register
Compensation: No compensation scheme for leveraged FXNegative balance protection: Not a regulatory requirement

2 Tier 2 — strong regulation

CySECCyprus Securities and Exchange Commission🇨🇾 Cyprus
Reference: check the register
Compensation: Investor Compensation Fund (ICF) — up to €20,000Negative balance protection: Required for retail clients

Licences are matched from public sources and regulator registers, and entities change over time. A licence held by one company in a group does not cover clients of another. Always confirm on the official register.

Regulatory profile

FOREX.com is a forex & CFD broker founded in 2001 and headquartered in United States. It is part of StoneX Group. It is a publicly listed business (NASDAQ:SNEX), which means audited financial statements are published regularly — a meaningful transparency advantage.

In our database FOREX.com is matched to 7 licences from ASIC, CFTC / NFA, CIRO, FCA, JFSA, MAS and CySEC. At the top of that list, the ASIC (Australia), the CFTC / NFA (United States), the CIRO (Canada), the FCA (United Kingdom), the JFSA (Japan) and the MAS (Singapore) are among the regulators we classify as tier 1 — regulators that combine high capital requirements with meaningful retail protections.

Depending on the entity, eligible clients may be covered by CIPF (CIRO), FSCS (FCA) and Investor Compensation Fund (ICF) (CySEC). Negative balance protection is mandatory for retail clients under ASIC, FCA and CySEC rules. Retail leverage caps apply at the ASIC, CFTC / NFA and CIRO-regulated entities (for example 30:1 on major FX pairs at ASIC).

FOREX.com supports its own proprietary platform, MT4, MT5 and TradingView. The advertised minimum deposit starts from about US$100 — minimums often vary by account type and entity.

Regulatory strengths

  • Parent company is publicly listed
  • Serves US clients legally
  • Tier-1 licences in several jurisdictions

Points to check

  • US product range limited by CFTC rules
  • Features differ by entity

Protection by entity

RegulatorCompensationRetail leverageNegative balance protectionDisputes
1 ASICNo statutory compensation fund for OTC derivatives; complaints go to AFCA30:1 on major FX pairs for retail clients since March 2021Required for retail clientsAustralian Financial Complaints Authority (AFCA)
1 CFTC / NFANo compensation scheme for retail forex (SIPC does not cover spot FX)50:1 on major FX pairs, 20:1 on other pairsNot a regulatory requirementNFA arbitration
1 CIROCIPF — up to CAD 1,000,000 per account categoryMargin set by CIRO rules; up to roughly 50:1 on major pairsNot a regulatory requirementOBSI (Ombudsman for Banking Services and Investments)
1 FCAFSCS — up to £85,000 per eligible client per firm30:1 on major FX pairs for retail clients (20:1 minors, gold and major indices)Required for retail clientsFinancial Ombudsman Service (FOS)
1 JFSANo compensation fund, but client funds must be held in a mandatory trust (kubun kanri shintaku)25:1 on FX for individual tradersNot a regulatory requirementFINMAC (Financial Instruments Mediation Assistance Center)
1 MASNo compensation scheme for leveraged FX20:1 on major FX pairs for retail investorsNot a regulatory requirementFinancial Industry Disputes Resolution Centre (FIDReC)
2 CySECInvestor Compensation Fund (ICF) — up to €20,00030:1 on major FX pairs (ESMA rules)Required for retail clientsFinancial Ombudsman of Cyprus

Trader reviews

No reviews yet. If you've used FOREX.com, share what withdrawals, support and execution were like.

Write a review of FOREX.com
Rating

Reviews are moderated. We don't accept reviews from brokers or their affiliates, and we don't remove genuine negative reviews on request.

FOREX.com regulation FAQ

Is FOREX.com regulated?

Yes — in our database FOREX.com is matched to 7 licences: ASIC (Australia), CFTC / NFA (United States), CIRO (Canada), FCA (United Kingdom), JFSA (Japan), MAS (Singapore) and CySEC (Cyprus). Which of these protects you depends on the legal entity you open an account with. Always confirm the licence on the regulator's official register.

Is FOREX.com a tier-1 regulated broker?

FOREX.com holds 6 licences from regulators we classify as tier 1: ASIC, CFTC / NFA, CIRO, FCA, JFSA and MAS.

Does FOREX.com accept US clients?

FOREX.com is matched to a CFTC/NFA registration in our database, so a US-regulated entity exists. US accounts are subject to 50:1 leverage caps, FIFO and no-hedging rules.

Is my money protected with FOREX.com?

Clients of FOREX.com's CIRO, FCA and CySEC-regulated entities may be eligible for statutory compensation (CIPF — up to CAD 1,000,000 per account category; FSCS — up to £85,000 per eligible client per firm; Investor Compensation Fund (ICF) — up to €20,000). Clients of other entities rely on segregation of funds and the firm's financial strength.

What is the minimum deposit at FOREX.com?

FOREX.com's advertised minimum deposit starts from about US$100. It can differ by account type, payment method and the entity you are onboarded to.

How can I verify FOREX.com's licence?

Find the company name and licence number in FOREX.com's client agreement or website footer, then search it on the regulator's official register (linked from each licence on this page). Confirm that the website domain you use is listed on the register, and check the regulator's warning list for clones.

Brokers with similar licences

Broker Licences on record Licence Score Actions
IB Interactive Brokers Multi-asset broker, since 1978 ASICCBICFTC / NFACIROFCAJFSA+2 83Very strong Licences Visit site
O OANDA Forex & CFD broker, since 1996 ASICCFTC / NFACIROFCAJFSAMAS+2 82Very strong Licences Visit site
I IG Spread betting & CFD provider, since 1974 ASICBaFinCFTC / NFAFCAFINMAJFSA+5 93Very strong Licences Visit site
P Plus500 Forex & CFD broker, since 2008 ASICCFTC / NFAFCAMASCySECDFSA+4 92Very strong Licences Visit site
CM CMC Markets Spread betting & CFD provider, since 1989 ASICBaFinCIROFCAMASFMA (NZ) 86Very strong Licences Visit site
S Saxo Trading bank, since 1992 ASICFCAFINMAJFSAMASSFC+2 84Very strong Licences Visit site

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.