Review 2023

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In my review every aspect of’s services have been researched to provide you with an unbiased account of their trading platform as one of the best forex traders available.

With their active trader program you can earn more, the more you trade in the forex market.

Read more to find out if is suitable for your investing requirements.

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Who is was launched since 2001 and has been providing traders access to the most popular financial markets. It is the #1 FX broker in the US based on client assets (per 2021 monthly Retail Forex Obligation reports published by the CFTC). The platform has over 80 FX pairs and nearly 3000 global stocks and other markets (CFD indices, commodities). does an excellent job providing trading educational resources and an advanced trading platform to leverage profitability of forex traders in the foreign exchange market.

Note: The products and services available to you at will depend on your location and on which of its regulated entities holds your account and CityIndex were acquired by StoneX Group Inc. (NASDAQ: SNEX) in 2020 and the latter is a Fortune 100 company with a 100-year track record.

As of September 2022, StoneX Group and its 3600+ employees serve clients in 21 countries across 5 continents and has $8.6B in client assets, with over $4.4T in volume traded. Ratings


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  • Offers the security of a NASDAQ-listed company
  • Robust educational offering
  • Excellent suite of trading tools


  • No negative balance protection for US residents
  • Inactivity fee Review Homepage Accounts Standard, Commission, STP Pro, Corporate, and MT4 Accounts.

The accounts offered by are a standard account which prices trades via the mid point of a trade value versus your execution price.

There is also a demo account trading tools, drawing tools, and trading concepts all provided for free before a single unit of currency is invested in any of the account types which is a major positive especially given to brokerages in the equity or option markets.

They also have excellent educational resources, which are not kept behind the gate of an account and are free to read at your leisure.

Withdraw Funds

There maybe a fee to withdraw funds depending on the payment method used. Fess start at $25 for wire transfers and are free over $10,000. The minimum withdrawal is $100 or the balance of your account, whichever is lower at the time of withdrawal.

Forex Customer Support Team

Support Hours: 10am ET Sunday to 5pm ET Friday

New Accounts – [email protected]

Existing Customers – [email protected]

Account Opening – [email protected]

Corporate Address

30 Independence Blvd, Suite 300 (3rd Floor), Warren, NJ 07059

MetaTrader 4 Third Party Trading Platform

MetaTrader 4 – Information about your ‘Cost per trade’ is available directly on the trading platform under the ‘Account History’ tab. Commission account is also listed by MT4. ‘Cost per trade’ is also available in a report available on the MT4 platform.

To access the report of your Spread Cost, click on the ‘Company’ tab on MT4 and then ‘Cost per Trade’ from the list of links on the left side of the window. The ‘Spread Cost’ value displayed on the platform, is the “Mid-Point Spread Cost” as defined by NFA.

MT4 was explicitly built for experienced traders. MT5 is also being developed and should be released soon.

General questions about Forex and

What is a Spread?

Market pricing is typically represented by two distinct quotes – the bid and the ask. The bid represents the selling price, while the ask represents the buying price. The difference between these two prices is referred to as the spread.

How is my spread cost calculated?

The National Futures Association defines a spread cost based on the “mid-point spread cost.” In typical market conditions, this is the difference between the rate at which your order was executed and the mid-point of the bid/offer spread at the time your market order was received. Keep in mind that conditional orders become market orders once they are triggered. Mid-point spread cost typically reflects the cost of your trade outside of any commissions.

During extreme conditions, the time period from when a market order is received as compared to when the order is ultimately executed may increase. This increase in time period can result from many factors including but not limited to: market volatility, available liquidity, pre-trade available margin check, and price validation etc.

The delay in order execution during extreme market conditions may cause wide variations of your spread cost at time of execution measured as the difference between bid/offer vs. the mid-point at time of execution.

For example, these variations may result in a smaller than normal cost figure, or even a positive cost figure, in the case of limit orders filled at a better rate than the rate at which your limit was triggered.

Conversely, these variances may reflect a larger than normal cost if your stop order rate was executed worse than the rate at which it was ultimately triggered. As noted above, these variations can result from many factors, including but not limited to market volatility, available liquidity, pre-trade available margin check, and price validation, etc.

Where can I find my cost per trade?

For WebTrader accounts information about your ‘Cost per trade’ is available directly on the online brokers trading platform under “Trade History”. Cost per trade is comprised of Spread Cost and Commissions. The ‘Spread Cost’ value displayed on the platform, is the “Mid-Point Spread Cost” as defined by NFA.

The MetaTrader 4 platform provides access to your account history through the Account History tab. Additionally, a ‘Cost per Trade Report’ can be found in the Company tab of the MT4 platform.

What is a financing/rollover fee?

Rollovers, also referred to as financing fees, are incurred when you maintain an open position overnight. A daily financing fee is automatically added to your account each day that you keep the position open, including weekends.

Is there a currency conversion charge?

Trading in markets that have a different settlement currency from your account’s base currency can result in currency conversion charges. For instance, if your account base currency is USD and you trade USD/JPY, your profits or losses along with any relevant fees, charges, and commissions will be automatically converted from JPY to USD before being credited to your account.

The standard charge for this conversion is a variance of +/-0.5% from the market rate at the time of conversion. However, this charge will not apply if you only trade products that settle in your account’s base currency, such as EUR/USD in a USD-based account.

Can someone else trade on my account?’s policies prevent any person other than the account holder from accessing or trading an account, unless the trader has been reviewed and approved as a Money Manager.

To obtain additional information about our Money Manager program, please contact our Global Institutional Sales Team.

How is Regulated? is a member of the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). Other regulators of our affiliates include:

  • Financial Conduct Authority (FCA) in the UK
  • Financial Services Authority (FSA) in Japan
  • Investment Industry Regulatory Organization of Canada (IIROC)
  • Cayman Islands Monetary Authority (CIMA)
  • Australian Services and Investments Commission (ASIC)
  • Monetary Authority of Singapore (MAS)
  • Cyprus Securities & Exchange Commission (CySEC)

The financial transparency provided by helps assure their customers and partners with confidence that the company is well managed and well capitalized, with ample resources to continue to innovate and lead the industry forward.

Can I Trust is considered reasonably safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.

Disclaimer: CFD trading are complex instruments and come with a high risk of losing money rapidly due to leverage if you choose the City Index. It is targeted towards high volume traders, with effective risk management tools and systems.

What Broker Should I Use To Trade Forex? offers a standard account, STP (Straight Through Processing) accounts, Web trading platform, free investment advice, online brokers, a desktop platform, currency trading, complex instruments, free market analysis, 80 forex markets, free research tools, low minimum deposit ($100), and excellent technical analysis tools.

How do I download’s desktop platform?

Click here to download the advanced desktop application. The MT4, Web trading systems, and mobile trading app are all advanced trading tools with $25 withdrawal fee, no fees for withdrawals greater than $10,000.

How can I learn forex for free?

The School of Pipsology is a free online course that helps beginners learn how to trade forex. If you’ve always wanted to learn to trade but have no idea where to begin, then this course is a good option for you.

Forex Trading

How long does it take to be approved for Forex?

Most applications are processed in in 1-2 days. Forex will reach out if they need more information, or you can call or email for a status check anytime. Forex trading and CFD (Contract for Differences) are both high risk financial activities so make sure you are sufficiently liquid before you embark on trading either financial instrument.

Can You Cancel Forex Trading at Any Time?

Yes, you just have to wait for the the entire portfolio cash settles into cash. If you’re a little more patient you can transfer your account cash by wire for $25 fee, no fees for withdrawals greater than $10,000.

Can I see P&L across multiple account types?

Yes, equities, options, and futures will all be displayed in your Positions Window on Forex Trader intraday and will be combined for your not P&L calculation.

What happens if goes out of business?

If a brokerage fails, another firm may agree to buy the firm’s assets and accounts will be transferred to the new custodian with little interruption and you may not lose anything or take a small haircut.

The SIPC will try to recover the account value held at the time of the failure, and does not make up for losses due to price declines in individual securities.

In order to receive SIPC coverage, account holders that have witnessed a brokerage failure must file a valid claim with the Securities Investor Protect Corporation (SIPC). They will reimburse you up to $500,000 in brokerage securities or $250,000 cash. In order to receive SIPC coverage, account holders that have witnessed a brokerage failure must file a valid claim.

Dividends Offered

Forex Trading does not pay a dividend on its own equity. FAQs

How much money do I need to open an account?

The minimum deposit required is at least $100 of your selected base currency. However, I recommend you deposit at least $2,500 to allow you more flexibility and better risk management when trading your account.

How do I download a MT4 account?

Go to the site and search for the MT4 platform. Download the MetaTrader 4 platform. Remove any previous versions of the MetaTrader software from your PC prior to installation in order to ensure proper function of the platform. Customer reviews

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