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We feel there’s little need for an introduction in our review USA. There’s a couple of reasons for this: one is that introductions are usually there to tell you what this trading platform is all about or more specifically, what they trade in. Quite frankly, the name here should give you all the clues you need.

The second point often gives you some idea of the first impressions and how we think that reflects the quality of the provider. Once again, we aren’t really sure that’s fair here because the reputation that USA has accumulated over the years is so immense. We’d be astonished if is anything less than good based on the sheer amount of people singing its praises.

With all that in mind, how do you approach an industry juggernaut like We suppose the question in our review isn’t whether they’re any good or not but rather whether they can live up to the hype, especially in the face of some immense competition from the likes of those found in our Fortress Capital and AutoShares reviews. So, can pass through the gauntlet they have set for themselves? Is it worthwhile for you to advance with a open account considering everything else that’s out there? Find out in our comprehensive review.

Read More Pro and Con
  • One of the most trusted names in trading
  • Technically marvelous
  • Huge variety of trading options
  • Financial transparency
  • Live chat is a bot
Payment Methods
Bank Transfer
CIMA - Cayman Islands Monetary Authority
Accepts Customers from
StoneX Europe Limited
Available Languages
Customer Support
Live Chat, Email Support
+357 22090062
Overall Rating
Rating follows
  • New Customer Offers
  • Usability
  • Available Account Types
  • Trading Platforms
  • Payments
  • Customer Service
  • Regulation & Deposit Insurance
Payment Provider Safety
Neteller high
Bank Transfer very high
Visa high
Mastercard high
Skrill high
No review posted yet.
User Rating
5 Stars
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1 Star
Last Updated on 15/05/2024

New Customer Offers at

A lot of’s competitors shun promotions. Perhaps they feel they’re not in keeping with the kind of mature platform they’re aiming to be. However, considering that USA has a welcome bonus up to $5000 and they’re amongst the most respected in the industry, we think they may want to rethink that strategy. And as far as our USA review is concerned, we’re delighted, as we care more about the quality offered to users than a platform’s perceived image.

The bonus is easy to understand and a great incentive for you to consider the open account options. This is a 20% bonus on the amount funded into your account in the first 14 days, up to $5000. In other words, if you funded $500, you would receive $100, but if you funded $30,000, you would still only end up with $5,000, as this is the maximum bonus amount available.

Unfortunately for our readers, this is not available for accounts based in the UK, US, or China. We know that will count out a lot of our readers here and we do sadly have to take it as a negative in our review, but we thought it best to include on the off chance it could be relevant to some. We won’t be too harsh on USA though, as this is often down to logistical restrictions. Still, it’s a great deal but we’re disappointed it’s not more widely available.

Usability, Look & Feel

We’d like to preface this by saying that whether we’re talking about our Ally Invest review, Charles Schwab, Betterment review or any other financial option, this is a serious business that’s not to be taken lightly. It’s something that’s utilized by serious business professionals and in this environment, there comes a certain level of knowledge required to use them responsibly. In other words, to an extent, complexity is built into the concept.

With that said, we feel that have made the process as easy as possible while maintaining this level of depth. The options include MetaTrader 4 for a desktop experience, the MT4 mobile app, alongside the app, and an advanced third-party platform, NinjaTrader which is available to download. This allows you to get all the information and tools you need to gain a full arsenal of options to go into the financial world in a way that suits you.

At the web trader level alone, you have over 70 technical indicators, a huge list of trading tools and superbly detailed charting. The advanced option goes even further, with drawing tools, over 80 technical indicators, 15 times frames, custom indicators, and more. Vitally, is the only broker who offers Direct Market Access to US traders, making them an absolute must for many Americans reading this. The versatility and ease of use here is close to unmatched.

The website is great too, explaining itself really clearly. We can’t tell you how many sites have astonished us with how unwelcoming they are in the financial world. Thankfully, this is not the case here. This fact has not just made our review easier, but it also makes it more likely that new customers will feel comfortable with the open account process. It’s an absolute triumph of usability.

To compare with other popular trading platforms then head over to our Interactive Brokers review and our JP Morgan You Invest review for some great alternatives. Open Account Options

It was pretty obvious when we were discussing the design of that providing a platform with as wide a scope of appeal as possible is clearly a huge priority, allowing them to cater to customers at varying knowledge levels. With that in mind, there are three different accounts at Forex.con which are not only suited to different pricing models but also trading styles.

The Standard Account is built for those who want a traditional experience when it comes to both currency trading and spread pricing. This level doesn’t mean any compromise in quality thanks to state-of-the-art trading platforms more than capable of advanced levels of sophistication. You can even reduce your costs up to 18% with cash basics, and keeping on track of everything is made nice and simple with transparent pricing and trade executions. This is also available on Metatrader.

The Commission Account is ideal for those looking for more flexibility, with a reduction on spreads with USD as low as 0.2 and a mere $5 commission on every $100k traded.

The STP Pro Account is where things get serious in terms of funds though. With a minimum trade size of $100k, this is perfect for traders requiring a great level of liquidities for quickfire opportunities. There’s more risk here, but also more chances to take advantage of rapid prices. You can trade on prices from global banks with no additional markup and split the spread with orders placed on top of book spreads.

Which open account is right for you depends on a lot of different factors. What sets USA apart though is that you have the ability to choose across such a wide range. Trading Platforms

Firstly, there’s web trading, which means you can do everything you need online with some really amazing tools built right into the system. We mentioned before in this review that there were over 70 technical indicators and that’s alongside 50 drawing tools, market commentary, and analysis. For the vast majority, this should be more than they need to utilize these markets. Withdrawals and funding are also made easy, as is managing your account in general thanks to the brilliant structure and intuitive design.

If you want the ultimate experience though, there’s the Advanced Trading Platform. This has more features, more technical indicators, even more powerful charting tools, more depth when it comes to drawing tools and advanced analytical tools and strategies. All that said, we think what really makes the Advanced Trading Platform stand out is the ability to customize things exactly to your liking, including the dashboard and how you operate as well as trade preferences settings and hundreds of predefined templates.

Lastly, there’s the mobile trading app. This is a perfect addition to the other options, as it means you never need to be out of the loop, with real-time trade alerts and notifications. That’s not to mention that when you’re out and about, it’s ideal to get you on top of all the news, commentary and analysis available. But that’s not all, as this app actually has full trading abilities, meaning it’s not only an addition, but a platform too and capable of working on its own.

The platforms available here are obviously terrific and we have enjoyed analyzing every single one of them. Which is best is down to you. Fees and Payments

We’ve discussed some financial information earlier in this review. However, we did encounter some issues when it came to finding other pricing information. We know that for a trading platform like USA, that this can be very complicated, and we do have a lot of sympathy in that regard for our review. However, it does limit us in terms of what we can tell you. With that in mind, this is everything relevant we could find presented on their pricing and fees page.

The spread price is actually two prices: one is the bid – the sell price – and the other is the buy price. Obviously, this is not exclusive to, but it’s such a significant cost, we thought it best to mention. You will need to check on the market information sheets on the desktop or MT4 platforms for complete up-to-date details.

There is also a financing fee, also known as a rollover fee. This is an amount paid to hold a position overnight. For both US and Australian Dollars, the short rollover rate is, according to the site at the time of writing, – 0.6, and the long rollover rate is -0.99.

An additional fee is the back to base currency conversion charge. This is where realized adjustments, fees, profits and losses are moved from one currency back to the base currency of your account. These can vary, but can be up to +/- 0.5%. Any rates will be made transparent on your statement – another huge plus for Payment Option Fees

More good news is that they don’t charge debit or credit card fees. There are also no charges to withdraw money using BACS or SWIFT payments. A same-day CHAPS transfer will require a £25 charge on withdrawals under £5,000.

At this juncture, we would like to point out an issue we had, which is that we could only find a pricing and fees page for UK customers. This is still great information and we assume is broadly applicable, but we would have liked a US version of this page – although we were able to find some specific information elsewhere. does not charge day exchange fees, but there is an inactivity fee. This is $15 for a period of 12 months or more. If you’re inactive for three years, you will need to complete an account reactivation form.

If you wish to open an Omnibus Segregated Clearing Account, this is free of charge. However, if you wish to open an Individual Segregated Clearing Account, then there is a £13,000 opening fee for individuals and a £200,000 opening fee for corporate entities.

We appreciate the sheer amount of effort that has clearly gone into explaining the costs, even if there are still some details missing. We do, however, wish they did a better job of structuring and laying out this information. It’s a minor criticism, but one we think is worth making considering that a big draw to a open account is transparency. And they are transparent here – we just wish they could break up the information into easier to consume bites. Customer Service

There are a few different options for customer service here. However, we’re going to begin this part of our review with a bit of a negative and that is the use of a bot for the live chat. We don’t think this is a bad bot – and is certainly no reason to reconsider your open account – however, it can’t replace a live chat service team, especially when you’re dealing with such a multifaceted site like

That said, this is less of an issue than it might initially appear though, as they have a phone line option (Sunday 10am to Friday 5pm ET) as well as an email service. The good news is that this is not half-baked. It’s easy to get through to talk to somebody and email is a great way of getting a more permanent record of a conversation, especially if you don’t wish to talk over the phone.

Also, to be fair to the bot, that and the FAQs/Help sections do answer a lot of questions. Would it be improved by an around the clock manned live chat service? Of course, but what is here is excellent and still counts as a positive for our review. Regulation & Deposit Protection

Let’s be honest, there’s not going to be many people reading this who really think that a site with the reputation of USA might be illegitimate. It just flies in the face of common sense.

That said, if you’re interested, we can tell you that USA is a registered FCM (Futures Commissions Merchant). That means they are able to act as an agent to buy or sell futures contracts or commodities options. They’re also a registered RFED with CFTC, the latter of which stands for the Commodity Futures Trading Commission: an independent US federal agency which regulates various markets. is also a member of the National Futures Association.

The platform utilizes encryption technology and they have a privacy policy essentially ensuring that all your sensitive data is kept as secure as possible. You may also need to provide proof of photographic identity to ensure you are who you say, and also to prohibit minors from using the site. And, if you needed any more convincing, has also been awarded many major awards over the years, including Best Forex Broker by readers of the Financial Times. Forex Forex Trading

How else could we really begin our look into the different elements that USA provides than with Forex itself? They proudly call themselves an industry leader in this regard and we can’t really argue with them there.

They have competitive spreads with the US dollar being as low as 1.0 – although this is, of course, always fluctuating. The several types of accounts and platforms we discussed really allow you to access this market in exactly the way you want to with the exact amount of depth and commitment as is right for you.

On top of that, there are monthly cash rebates of $10 per million traded with the Active Trader Program. This, alongside trading tools fit for experts, over 80 currency pairs and the ability to trade 24 hours a day, 5 days a week, means this is, for many, the premier reason for a open account. Forex Trading Costs

The Forex fees and costs have been largely covered elsewhere in this article, as actually makes money on the spread – that is the difference between the bid and the ask prices on standard accounts. On Commission Accounts, they are compensated both by the spread and a $5 commission for every $100k. There are also the rollover charges.

As far as we can tell from our research, that is pretty much it. The transparency really helps them here too, as they have clear pricing over a tight spread. According to their support, the minimum and maximum transactions for trading is a $100 minimum and a $10,000 maximum per transaction. Forex Conclusion

There was no more important part of our review than this. It is, after all, one of the main reasons people consider a open account in the first place.

All we can say really is they live up to the hype. There’s no real area that we can find any serious criticisms. Their scope of appeal is broad thanks to multiple accounts and platforms, and everything works seamlessly. It’s clear, transparent, detailed and about as easy to use as we think could be possible. Great stuff all around for USA. CFD CFD

It might not be in the name of USA but there can be no doubting the significance of the commodity and Index CFDs at There’s a huge range of markets available here. These are far too varied for us to go through one by one here, but we do also need to give credit for allowing full lists of what’s available to be seen without the need to sign up. If you head on over to the commodity and index part of the FAQ page, you will be able to find them for yourself.

This is an area which really benefits from the positive opinions and reputation because it’s a high-risk market with a great deal of complexity. That peace of mind – not to mention technical prowess and market diversity – will really help make open accounts a serious option for a lot of people. CFD Trading Costs

You can pretty much take what we said about Forex trading and apply it here. is compensated by the spread, and you can view the live spread via the FAQ section. There’s also a nightly finance charge if you hold a position overnight, which is defined as being after 5pm ET. The nightly finance charges are calculated on a number of factors, including the number of CFDs, closing price, relevant overnight LIBOR rate, and number of days. CFD Conclusion

We hate to repeat ourselves in our review but we simply don’t have anything negative to say. have earned their world-class reputation over many years of quality and consistency and that’s exactly what we found here. CFDs demand quality in every regard, and that’s exactly what we get here. Futures Futures Trading


The main USP of futures trading with is being able to trade through the Small Exchange. themselves claim that the small exchange gives you the “efficiency of futures and the simplicity of stocks.” The small exchange with offers a range of indices that are composed of small versions of futures products. Effectively, this makes futures more accessible and simpler for more casual investors. The small exchange is accessed through’s affiliate FuturesOnline, which you can try out with a free trial.

Futures Trading Costs

Opening a small exchange account via FuturesOnline requires a $2,000 dollar minimum investment. In terms of costs and fees, all of the small futures move in 0.01 increments that equal $1. You can find detailed and charted examples on the website to help you better understand how it works.

Futures Markets & Trading Places

The Small Exchange futures are currently made up of 5 different indices, with more promised to be on the very near horizon. The four current indices are the Small Stocks 75 Index (SM75), Small US Dollar Index (SFX), Small Precious Metals Index (SPRE), Small 10YR US Treasury Yield Index (S10Y) – with the Small Global Oil Index (SMGO) soon to be released. There are no current international futures markets or indexes with

Product Summary & Conclusion

In summary, the Small Exchange with is a very appealing option for novice or casual investors who want to dip their toes into futures investing. What it gives you is the opportunity to have the efficiency of futures trading in an easier to understand way, and for a lower investment. If you have been looking for a lower risk method of trading futures, then make sure to try out the Small Exchange with

Overall Conclusion of Our Forex com Review

We didn’t want to give away our conclusion before we got here but realistically, we don’t think many people reading this are going to be surprised when we agree with the consensus that USA is truly excellent.

We said at the start of this review that the question really wouldn’t be whether they were good but whether they could live up to the hype. Well, aside from a couple of minor criticisms we’ve had, we’d say that they have not only lived up to but have exceeded some very hefty expectations. Check out our Charles Schwab review or our IG Broker review for a good comparison of features. You’ll also find our best Forex signals article offers some great trading insight.

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  • Competitive spreads
  • Excellent forex trading tools
  • Monthly cash rebates
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  • Reputable broker
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  • Low fee levels
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  • Great CFD market diversity
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Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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