FOREX.com vs MGX Brokers
Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.
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Safer pick FOREX.com leads on safety — winning 3 of 4
trust metrics (lower scam-risk, stronger regulation). Check the selection rows for the best fit.
Safety & Trust
Scam-risk scoreⓘ lower = safer
✓20
46
Verdict
Low risk
Guarded
Regulatedⓘ
Yes
Yes
Licenses
✓7
1
Tier-1 regulatorsⓘ
✓6
0
Trustpilot score
4.6
—
Reviews collected
2446
—
Exit riskⓘ lower = safer
Low risk
—
Known clonesⓘ
10
✓0
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
—
$100
Max leverage
—
1:500
Min spread (best acct)
from 0
from 0
Commission
$5
✓$0.0025
Cost grade
AAA
—
Account types
3
3
Best for
Suits
Regulation-focused traders seeking a multi-jurisdiction licensed broker, Traders who value responsive customer support and a user-friendly platform, Those comfortable with standard account types and low spreads
Traders seeking high leverage up to 1:1000, Those comfortable with offshore regulation in Seychelles, MT4 users looking for multi-asset CFD trading
Not for
Traders who require ultra-fast withdrawals, Those who prefer minimal KYC and quick account opening, Traders sensitive to occasional platform glitches
Traders requiring top-tier regulation, Those who prefer transparent funding and withdrawal information, Investors seeking a long track record
Products & Funding
Instruments
Forex, Indices, Commodities, Cryptocurrencies, Stock CFDs, ETFs
FX Pairs + Metals + Crypto + CFD Indices & Stocks + Oil
Deposit methods
Neteller, Skrill
--
Withdrawal
—
--
Execution
Speed
AAA
—
Slippage
AAA
—
Swap cost
AAA
—
Company
Founded
2017-09-07
2023-02-09
Headquarters
🇺🇸 United States
🇸🇨 Seychelles
Employees
14
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.