FOREX Review (2023)

Min Deposit
MT4, MT5


GAIN Capital Holdings Inc - NFA
GAIN Capital UK Ltd - FCA No.113942 
GAIN Capital Canada Ltd - IIROC
GAIN Capital Australia Pty Ltd - ASIC No.ACN 141 774 727, AFSL 345646
GAIN Capital  Japan Ltd - JFSA
GAIN Capital Singapore Pte Ltd - MAS
GAIN Global Markets Inc. - CIMA No.25033


What is as a trading name and a part of GAIN Capital Holdings Inc which is a publicly-traded company providing online trading solutions. Founded in 1999, the company today supports customers in over 180 countries with a global presence across North America, Europe and the Asia Pacific regions, provides offices, while headquartered in New Jersey (US), in Canada, UK, Hong Kong and Australia.

Throughout highly developed platforms, has developed its own platform for trading, which now is one of the best options, as clients obtaining access to the world’s most popular currencies and other trading instruments.

Overall, through the years of successful operation and its global spread, Gain Capital and its one of the brads obtained great results and world recognition, also through the powerful trading solutions, they offer and constantly develop. Pros and Cons is sharply regulated and trustable broker with well established parent company GAIN Capital listed in Stock. Account opening is smooth and fully digital, there is great range of markets and instruments, good Cryptocurrency trading and professional trading platforms with education and research.

On the negative side trading fees for Forex CFDs might be slightly higher but among average, there is no 24/7 support and multi-currency accounts.


10 Points Summary

🏢 HeadquartersUS
🗺️ Regulation and LicenseFCA, IIROC, ASIC, CFTC
🖥 PlatformsMT4, MT5, Platforms
📉 InstrumentsCurrency pairs, Bitcoin and Ethereum, indices, shares and commodities
💰 EUR/USD Spread1.2 pips
🎮 Demo AccountAvailable
💳 Minimum deposit50 USD
💰 Base currenciesVarious currencies available
📚 EducationLearning materials and technical analysis
☎ Customer Support24/5


FOREX Awards

For financial firms and trading brokers, it is crucial to obtain and keep good reputation, while confirms its status not only by thousands of accounts they operate but through industry recognitions as well.

For about twenty years of presence and operation firm receive numerous reviews and global recognition, a really impressive number of awards and nominations, alike “Best Broker in the USA”, Shares Awards, Investment Awards, etc (See Best Forex Brokers in USA).

FOREX awards


Is Forex safe or a scam? is definitely a trusted financial service provider, as the trading name used by the GAIN Capital Holdings, principally the company incorporated in the US according to all the strictest laws and requirements.

In addition, is a part of StoneX Group Inc. (NASDAQ: SNEX) publicly-traded company with strong corporate governance, financial reporting and industry lead.

Is Forex legit?

For the reason of global presence and truly wide operation in world financial centers, being a part of international holding withholds regulations by various regulative authorities worldwide which includes IIROC (Canada), CFTC (USA), MAS (Singapore) and ASIC (Australia). (GAIN Capital) entityRegulation and License
GAIN Capital Holdings IncAuthorized by CFTC (USA) 
GAIN Capital Holdings IncAuthorized by NFA (USA)
GAIN Capital UK LtdAuthorized by FCA (UK) registration no. 113942
GAIN Capital Canada LtdAuthorized by IIROC (Canada) registration (view the license)
GAIN Capital Australia Pty LtdAuthorized by ASIC(Australia) registration no. ACN 141 774 727, AFSL 345646
GAIN Capital  Japan LtdAuthorized by JFSA (Japan)
GAIN Capital Singapore Pte LtdAuthorized by MAS (Singapore)
GAIN Global Markets Inc.Authorized by CIMA (Cayman Islands) registration no. 25033

Consequently, indeed complies with necessary, strict regulatory requirements and standards, while obliged to provide the safe and highest level of operations. Doubtless, the company keeps all procedures in a supreme way and including data protection, funds safety – entitling the company to hold funds in segregated accounts, secure online transactions and executions, etc.

As well, provides central counterparty clearing through OSCA as standard to all clients.


FOREX Leverage

Leverage as a popular tool widely used by the brokers and traders allows trading of larger capital compared to the initial capital. Previously brokers generously awarded trader by high leverage ratios, yet the US regulation and recent update from the European ESMA set a limited maximum in order to protect clients.

Therefore, again concerning review of global regulation and presence, the leverage ratios will vary according to the trader’s residence, as well as under which authorization account is open.

  • The US clients may use a max of 1:40 leverage to Forex instruments,
  • European entities are set to only 1:30,
  • Australian clients still may enjoy leverage on Forex up to 1:400.

That limitation is done with a purpose to limit potential losses, as high leverage may impose trades quickly in reverse as well. Thus, you and any trader should use leverage levels smartly and learn how to do it correctly for a particular instrument.


FOREX Account types offering three account types. Standard Account with tight forex spreads and opportunity with automatic price improvement (when the market mover in the client’s favor, savings passed automatically). Commission Account which enables additional benefits and offers ultra-tight spreads and fixed commissions.

Lastly, the third account option designed specifically for high-volume traders and named Direct Market Access Account where the maximum of the control is applied. This account is available only through proprietary platform and recommended for a minimum of 25k$ deposit, so the professional traders can benefit from superior conditions provides.

FOREX account types



Concerning about the fee structure, be sure you check correct conditions according to the account type you choose. Alike, Standard account based on spreads, while commission one is charged trading fee as a commission per lot.

Asset/ SpreadAxiory SpreadCMC Markets Spread
EUR USD Spread1.21.20.7
Crude Oil WTI Spread553
Gold Spread0.40.33

Non Trading fees

Good to know that also charges an inactivity fee of $15 (or equivalent) per month if there is no trading activity for a period of 12 months or more. Accounts with a balance of 10,000 base currency are an exception.


Considering spread charges and trading fees, we found its fee structure simple to understand, where the costs are rather competitive and low compared to the industry competition.

Standard conditions are based either on offers both fixed and variable spreads, depending on the market you wish to trade, along with an opportunity to reduce costs by up to 15% with cash rebates. Therefore, you may choose the suitable option and engage into trading with or without commissions, see below comparison of typical spread on Standard Account, while commission account again will charge a fee of 5$ per 100k traded.

For instance, you can compare fees with its peer FBS. FeesAxiory FeesCMC Markets Fees
Deposit feeNoNoNo
Withdrawal feeNoNoYes
Inactivity feeYesYesYes
Fee rankingAverageAverageLow

Overnight Fee overnight fee is an additional cost, which should be considered in case you hold overnight or long position. The swap fee of the is calculated by the percentage along with interbank exchange rates, which is defined by each instrument separately. Alike calculated by the formula as e.g. EUR/USD overnight fee for buying position is -2.5% and 2.5% for selling.



Trading Instruments

One of the greatest things in is its trading market range, as being a huge financial institution client getting some of the best available proposals. Which includes over 80 currency pairs and an average turnover of $5.1 trillion a day, including Bitcoin and Ethereum against USD, AUD, EUR and GBP with fixed spreads and low margin), indices, shares (without stop-specific risks, spreads from 1 pt) and commodities (with zero commission and 1% margins).

Indeed, trade of cryptocurrencies and other pairs at is a satisfaction process, as firm owing to fixed spreads, low margin and competitive financing, as well there is no need to create a virtual wallet.

FOREX instruments


Deposits and Withdrawals

Another crucial term is to understand how to transfer money to or from the trading accounts, as various jurisdictions and contuses apply different rules towards money management. Likewise, will offer particular conditions according to the entity and regulatory rules.

Deposit Options offers just a few payment methods, but anyhow those methods are most trustable and the most common ones.

  • The Deposit Options set is limited to bank transfers and Credit/ Debit Cards. All payments are typically processed within one banking day.

What is the minimum deposit for Forex accounts?

The minimum initial deposit for is $50, but there is a recommendation to deposit $2,500 to allow flexibility, a full range of instruments and better risk management. minimum deposit vs other brokers

 Forex.comMost Other Brokers
Minimum Deposit$50$500


Withdrawal options at are wide and offering easy Bank Transfers, Card payments or e-wallets. There are no charges or any fees on debit and credit card deposits or bank transfers, there are also no charges to withdraw funds, which is indeed a pleasant addition to overall money management.

In addition, as a part of GAIN Capital Payments Ltd additional services powered by a mother-company are offered to the clients. offering priority and regular Money Transfers from the UK, or account featuring fast, easy and secure online money transfers to 200+ countries, you can check more details through the official website.

FOREX withdrawls


Trading Platforms

There are two main choices offered as we see via Review to the client, which goes to the option of a proprietary platform designed by or mainstay on popular industry software MT4, also the latest version MT5.

The review shows its own various platforms to meet unique trading needs and satisfy particular solutions, those platforms presenting powerful developed trading tools (70+ technical indicators) and signals while using instant or market execution, as well ability to set user-defined price tolerance.

User friendly trading softwareNone
MT4, MT5 and proprietary Platforms 
Web, Mobile and Desktop platforms 
Fee Report 
Technical analysis and no limitation on strategies 
Suitable for beginners and professional traders 
Supporting various languages 

Web Platform

Web trading platform optimized for high performance and speed on any computer, as well combining numerous integrated market analysis and tools. Yet, could be better to use a desktop platform for day trading and comprehensive strategies, since Web Platform is rather limited in its available tools.

Desktop Platform

An advanced trading platform designed especially for active traders, offering desktop viewing with a full asset of customizable preferences, indicator features, powerful charting tools and many more.

In case you would choose to use known MetaTrader4, the platform has also been enhanced with integrated pattern software and other highly developed trading tools, using the market execution method. And of course, platform poses a choice to use MT4 via Desktop, Web or iPhone, Android apps.

Mobile Platform

Mobile trading – is definitely “must have” with modern living, serves as a powerful, complete trading platform with multiple order types by hand

FOREX platform


Customer Support

Considering customer support services, as an important part of the brokers’ proposal, we would say it is at the quite god level and is proud strengths as broker mention by himself. Customer Service available for traders via phone lines, chat and emails also covering support need worldwide due to brokers presence and coverage of major destinations and including.



Since focuses on both beginning traders and professionals as well, it does provide both Education that designed to build trading confidence and knowledge, and market analysis with latest updates to keep you on track with the improvements or changes.

Education Center provides trading concepts, technical analysis, fundamental analgises, trading strategies and trading courses available for beginner, intermediate and advanced traders. Along with that, runs regularly Webinars, and updates with Trading News and research materials covering popular and unique points.

FOREX educattion



Overall, as a global leader of online trade and highly regarded by numerous traders for supreme integrity definitely worth attention. Apart from well reputed and respected international standing of GAIN Capital Holding, which is part of, solid financial backup proven by the vast number of companies behind along numerous regulations worldwide. Numerous benefits in both technical and operational parts, including innovated by broker functional tools, together with an excellent customer support pillar traders getting comfortable conditions to maintain successful trade along with quite competitive pricing.


Lawal Ahmed Says:
At: 1 year ago

Is Nigerian allow to take part in the trading platform ? Can I be allowed to start the trade with the minimum amount stipulated ($50) Sir ?

Alina Chyzh Says:
At: 1 year ago

Dear Lawal,

Unfortunately, Nigeria is one of the restricted countries that does not work with. You can check other regulated brokers with a small minimum deposit that accept Nigerian residents

faid Says:
At: 1 year ago

Hi, I’m Indian and based in oman. Can I trade forex from on mt4 platform from oman??

Do forex. Com allow expert adviser or robotic trades???

Alina Chyzh Says:
At: 1 year ago

Oman is not restricted on platform, so you will be able to open an account. You are given the option to open a account and trade yourself or open an account with MetaTrader 5 and trade with the help of the software.

alielie Says:
At: 6 months ago
Good broker!