Forex.com
fx private
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Overview
Forex.com was founded in 2001 and is headquartered in United States, while fx private was established in 2020 and is based in USA. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Forex.com serves 150,000+ clients worldwide; fx private has 12,000,000+. The minimum deposit is Typical at Forex.com and $250 at fx private.
| Feature | Forex.com | fx private |
|---|---|---|
| Min. Deposit | Typical | $250 |
| Regulation | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F239 |
| Founded | 2001 | 2020 |
| Country | United States | USA |
| Clients | 150,000+ | 12,000,000+ |
Fees
Fees are a critical factor when choosing between Forex.com and fx private, directly affecting your bottom line as a trader. fx private has a lower barrier to entry with a minimum deposit of $250 (vs Typical at Forex.com). Both brokers charge withdrawal fees. Forex.com applies inactivity fees on dormant accounts; fx private does not. Forex.com charges deposit fees; fx private does not. The two brokers are broadly comparable on fee structure.
| Feature | Forex.com | fx private |
|---|---|---|
| Min. Deposit | Typical | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Forex.com offers MT4, MT5, cTrader, while fx private supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Forex.com supports social and copy trading features, which fx private does not offer. Forex.com edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex.com | fx private |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Forex.com and fx private compare. Forex.com runs regular live webinars; fx private does not. Both provide video tutorials. Forex.com publishes daily market commentary; fx private does not. Both integrate third-party research tools. Forex.com maintains an archive of past webinars for on-demand viewing. Forex.com scores higher overall in education and research.
| Feature | Forex.com | fx private |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex.com accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while fx private supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). fx private uniquely supports Skrill and Neteller among the two brokers. fx private scores higher on deposit and withdrawal flexibility.
| Feature | Forex.com | fx private |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Forex.com and fx private offer live chat support. Both provide phone support. Email support is available at both brokers. Forex.com supports 3 languages and fx private supports 8, giving fx private broader global reach. Both brokers are comparable on support quality.
| Feature | Forex.com | fx private |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Arabic | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |