FOREX.com FAQs
FOREX.com does not charge commissions. Prices quoted are inclusive of our normal dealing spreads, which are derived from Interbank dealing spreads on all major currencies, including US Dollar, British Pound (Sterling), Japanese Yen, Euro, Swiss Franc, Canadian Dollar, and Australian Dollar. FOREX.com is compensated for its services through the bid/ask spread.
You can trade with FOREX.com 24 hours a day from 5:00pm ET Sundays through 5:00pm ET on Fridays, including most U.S. holidays.
Can I trade with FOREX.com if I am not using my main computer?
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You can trade with FOREX.com on any computer with an Internet connection. Simply go to www.forex.com and login to your account. If you are traveling or do not have access to a computer with an Internet connection, you can execute trades over the phone by calling the FOREX.com trade desk. Click here for phone trading instructions.
Along with comprehensive account management tools and monthly statements, FOREX.com's dealing software provides each client with a wide range of trading tools, including technical analysis and charting, real-time news feeds, real-time profit and loss analysis, and full back office capabilities. FOREX.com's market professionals also provide daily FX commentary. Finally, account statements are sent at the beginning of each month, and list all transactions for the previous month by currency and value date, a summary of all current open positions, and account balance as calculated at the close of business on the last business day of the month.
FOREX.com's initial margin requirement for a standard account is U.S. $2,500 on our minimum trade size of US$100,000. FOREX.com's initial margin requirement for a mini account is US$250 on our minimum trade size of US$10,000. FOREX.com will only execute trades on margin if the client has sufficient funds in his or her account.
Yes. To learn more about how to trade over the phone with a FOREX.com dealer, click here.
No. We do not accept trades via email. You can place trades online or by calling 1.877.FOREXGO (367.3946) or 1.908.731.0750 (Int'l)
Can I hold positions over the weekend and major holidays?
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Yes, you can hold positions over the weekend and major holidays, but make sure you review your margin balance to cover any negative move against your open positions. It's not uncommon for currencies to "gap" - trade at prices considerably away from previous levels - when they re-open for trading after a holiday or weekend. This may negatively impact your excess margin.
We suggest you keep a cash "cushion" in your account of at least 2% against your open positions; to help protect against automatic liquidations of your positions to meet margin requirements. For example, if open positions equaled $400,000 then, margin balance should equal at least $8,000 (400,000 x .02).
