Create your FOREX account
- Competitive spreads with no commissions
- Trade forex, equities, cryptos, futures, gold & silver, and more
- Customisable layout and exclusive mobile app
- Competitive spreads with no commissions
- Trade forex, equities, cryptos, commodities and indices
- 20+ expert advisors and exclusive indicators from FX Blue
Account FAQs
How much money do I need to open an account?
The minimum initial deposit required is at least £100. However, we recommend you deposit at least £2,500 to allow you more flexibility and better risk management when trading your account.
How do I fund my account?
You can fund your trading account by logging into the MyAccount page and visiting the Funding > Deposit tab.
You can make a deposit via credit/debit card, wire transfer, or PayPal.
FOREX.com does not and cannot accept deposits from third parties.
Please note that you may experience longer processing times if the name on the originating account does not match your FOREX.com account.
Credit/debit card
Once your card has been verified in your account, you can make deposits between £100 and £99,999 per transaction and are typically available in your account immediately.
The accepted currencies for credit/debit deposits are GBP, USD, EUR, CAD, JPY, CHF, and AUD. All credit/debit card transactions are automatically converted to the base currency of your account by the card-issuing bank, who may charge a fee
FOREX.com does not charge fees for incoming card deposits. If you deposit funds from abroad, you may be charged a cross-border fee or currency conversion fee by your issuing bank.
Wire transfers
Wire transfers typically take 1-2 business days to process and there are no minimum or maximum limits applied. You can make deposits in the following currencies: GBP, USD, EUR, CAD, JPY, CHF, and AUD.
FOREX.com does not charge incoming wire fees. However, your bank may charge a service fee. Wire transfers that involve a bank outside the UK, may require an intermediary UK bank. Intermediary banks may charge a transaction fee.
Please provide wire receipt via email to uksupport@forex.com to assist our Financial Operations department with locating the funds.
PayPal
Payments made via PayPal can be between £100 and £50,000 and are immediate. FOREX.com does not charge any fees for incoming PayPal deposits.
Payments are accepted in GBP, EUR, and USD, and all PayPal transactions are converted to your account's base currency.
What documentation do I need when opening an account?
Typically, we will require a valid Government Issued Photo ID and a valid Address Verification Document; however, this is subject to change depending on the review of your application by our Account Services department.
Acceptable documents for identity verification include but are not limited to:
- Valid, current passports (national or international)
- Valid, current driver's license
- Valid, current national ID Card
Other types of ID may be acceptable on a case-by-case basis after review. Birth certificates, marriage licenses and insurance cards are not accepted.
Proof of residence must show your name and address as indicated on the application.
Acceptable forms of proof of residence include but are not limited to:
- Utility bill
- Bank, building society, credit or debit card statement
- Council tax bill
- Local government address registration certificates
- Valid driving license if issued within the last six months
Utility bills and statements must be dated within the last six months. Confidential information such as account numbers may be removed at your discretion.
In accordance with our regulatory obligations, additional documentation may be required at any time for internal periodical reviews.