Is the Forex.com web trading platform safe from scams?

Asked 3 years ago

Hi, I'm looking at trading with Forex. I've never traded before, so first things first: Is it good for beginners? How safe and legit is forex.com as a web broker? Also, what are their minimum deposit and monthly fees?

Web-based trading platforms Web trading Safety of platforms

Andrew Moran

Sunday, September 19, 2021

Yes, Forex.com is safe and legitimate.
There are multiple reasons why you should feel confident forex trading on the platform:
Its parent company, StoneX Group, is listed on the New York Stock Exchange (SNEX).
Forex.com is regulated by some of the strongest financial authorities in North America.
The website is one of the oldest online foreign exchange broker right now, founded in 2001.

Avik Das

Tuesday, November 16, 2021

Forex.com is certainly one of the best platforms and therefore, it is completely safe. It has low-risk and is trusted by many brokers. A reputed company like StoneX Group Inc is the parent company of Forex.com. Moreover, it is also regulated by top-tier financial authorities. While FCA regulates it in the UK, CFTC regulates it in the United States.  