Forex Com Account Types: A Guide for Traders and Investors 2024

Published :
Updated :
Written by

Forex.Com  offers two major accounts: the Standard Account and the Raw Spread Account. The raw spread account can be of two types: Raw Spread metatrader, and Raw Spread Ctrader account. The Standard account is spread-based, while the Raw Spread account is commission-based. Additionally, based on client type (Client profile), Forex.Com  offers a good number of account types: 

Below is the full list of account types offered by Forex.Com :     

  • Spread-only account
  • Raw Pricing Account
  • MetaTrader Account

Spread only Account: Best for Beginners

Forex.Com  Spread only accounts are designed to meet the needs of retail traders in the forex and CFD markets. These accounts suit beginner traders, offering a straightforward and accessible trading experience with competitive spreads and reliable execution.

Key Features of Forex.Com Spread Only Account:

  • Applicable For: Applicable for all jurisdictions including CySEC, CFTC, NFA, CIMA, FCA, FSA, MAS, ASIC, CIRO 
  • Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
  •  KYC Verification: Required 
  • Trading Instruments:  80+ FX pairs, stock CFDs, ETFs, indices, commodities, and more
  • Trading Platforms: MT4, MT5  and webtrader
  • Minimum Deposit:  $100
  • Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
  • Trading Fees: Only Spread is charged (No Commission). Variable spreads from 1.0 pips. A rollover commission is applied on open positions overnight.
  • Minimum Trade Size: 0.01 lot. 
  • Maximum Trade Size (Lot restriction per Ticket): 100 Lots 
  • Funding Currencies: 
  • Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
  • Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
  • Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
  • Stop Out Level (retail): 20%
  • Margin Call Level: 40% 
  • Negative balance Protection: Yes 
  • Investor Protection:  Available under ASIC and FCA regulations. However, the Investor protection scheme does not apply to FSA jurisdiction. 

Raw Pricing Account

Key Features

  • Applicable For: Applicable for all jurisdictions including CySEC, CFTC, NFA, CIMA, FCA, FSA, MAS, ASIC, CIRO
  • Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
  •  KYC Verification: Required 
  • Trading Instruments:  80+ FX pairs, stock CFDs, ETFs, indices, commodities, and more
  • Trading Platforms: MT4, MT5  and webtrader
  • Minimum Deposit:  $100
  • Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
  • Trading Fees: Commission $7 per lot. Variable spreads from 0.0 pips. A rollover commission is applied on open positions overnight.
  • Minimum Trade Size: 0.01 lot. 
  • Maximum Trade Size (Lot restriction per Ticket): 100 Lots 
  • Funding Currencies: 
  • Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
  • Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
  • Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
  • Stop Out Level (retail): 20%
  • Margin Call Level: 40% 
  • Negative balance Protection: Yes 
  • Investor Protection:  Available under ASIC and FCA regulations. However, the Investor protection scheme does not apply to FSA jurisdiction. 

MetaTrader Account

Key Features

  • Applicable For: Applicable for all jurisdictions including CySEC, CFTC, NFA, CIMA, FCA, FSA, MAS, ASIC, CIRO
  • Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
  •  KYC Verification: Required 
  • Trading Instruments:  80+ FX pairs, stock CFDs, ETFs, indices, commodities, and more
  • Trading Platforms: MT4, MT5  and webtrader
  • Minimum Deposit:  $100
  • Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
  • Trading Fees: Only Spread is charged (No Commission). Variable spreads from 1.0 pips. A rollover commission is applied on open positions overnight.
  • Minimum Trade Size: 0.01 lot. 
  • Maximum Trade Size (Lot restriction per Ticket): 100 Lots 
  • Funding Currencies: 
  • Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
  • Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
  • Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
  • Stop Out Level (retail): 20%
  • Margin Call Level: 40% 
  • Negative balance Protection: Yes 
  • Investor Protection:  Available under ASIC and FCA regulations. However, the Investor protection scheme does not apply to FSA jurisdiction. 
Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

Disclosure:  At Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

Leave a Comment