AG Events » Is there a monthly fee for Forex?

Does FOREX.com charge inactivity fees? A fee of $15 (or 15 base currency equivalent) per month is charged to accounts after there is no trading activity for 12 months.

Forex.com, founded in 2001 as part of GAIN Capital Holdings, is an established global online broker that caters to individuals seeking to trade the retail FX and CFD markets. GAIN Capital Holdings, a conglomerate that includes City Index, an online CFD and spread betting provider, and Daniels Trading, a futures advisory trading firm, was acquired by StoneX Group Inc. in February 2020.

StoneX Group Inc., a publicly traded company (NASDAQ: SNEX), advertises that it connects "clients to the global markets across asset classes through institutional-grade platforms, end-to-end clearing and execution, and high-touch expertise."

Globally, Forex.com offers an extensive range of offerings, from CFDs, to spread betting to futures, across several different asset classes, though not all are available in every region that it services. Aside from forex, where it derives its name, Forex.com also offers commodities, indices, individual stocks, bonds, ETFs, unleveraged gold & silver, cryptocurrencies, and futures to provide trading opportunities for all types of traders. Forex.com (U.K.) also offers client account protection, such as ESMA-mandated negative balance protection and guaranteed stop loss orders.

Forex.com offers U.S. clients leveraged access to over 80 currency pairs with competitive spreads across different account types. A well-organized and navigable website with fully­ disclosed services and fees, multiple user interfaces, education and research tools that are on par with industry standards, and regulatory oversight place Forex.com in the upper echelon of online brokers.

Forex.com stakes its claim as the #1 FX broker in the U.S. and that claim is validated by the latest (June 30, 2020) CFTC Retail Forex Obligation report which "represents the total amount of funds at an FCM, RFED, or FCMRFD that would be obtained by combining all money, securities and property deposited by a retail forex customer into a retail forex account or accounts, adjusted for the realized and unrealized net profit or loss."

TWhen I started trading and was learning I began dabbling with EAs and did so once live on IC Markets. However I wanted to be able to withdraw faster than the 3–5 business days they offered but wanted to retain the ECN status and same leverage options. I opened a demo with EagleFX and found the conditions great so deposited and now use them for my live trading. Peace of mind for splitting my funds between them and I tend to withdraw more from my manual trades so this setup suits me.

These days there are many options unlike the past, but my personal favourites are still MetaTraders. First I used to use MT4 on Fxview and now I am an MT5 user, on Fxview and Oanda. My preferences were/are with MT4/5 because of their easy adaptability on desktop, mobile, on both iOS and Android software. They can easily be customised as per individual traders requirements. Different plugins can be used for making use of indicators of all kinds - oscillators, waves, charts, etcetera. I think all traders and brokers alike prefer this trading platform over others.