Skip to main content Review 2023: Pros, Cons, and How It Compares

Forex.comIn this review, we delve into the offerings of as of 2023, assessing its pros, and cons, and how it stacks up against competitors. is a prominent online trading platform that caters to forex (foreign exchange) and CFD (contract for difference) trading. With a strong reputation in the industry, has attracted traders worldwide through its comprehensive range of tools and services.


Compared to its competitors, stands out due to its diverse asset selection, robust trading platforms, and educational resources. However, it faces tough competition from platforms like MetaTrader 5 (MT5) alone, which offers advanced trading tools and an extensive marketplace for trading algorithms. Additionally, IG presents another strong contender with a user-friendly interface and a wide range of tradable instruments.

In conclusion, remains a compelling choice for traders seeking a comprehensive and regulated platform for forex and CFD trading. Its array of features and educational resources cater to both experienced and aspiring traders, although beginners might face a learning curve. While it excels in several aspects, competition from platforms like MT5 and IG necessitates careful consideration based on individual trading preferences and goals. Pros & Cons


  • Diverse Assets: offers an extensive array of currency pairs and CFDs, allowing traders to diversify their investments and strategies effectively.
  • Advanced Platforms: With MetaTrader 4 and 5, traders access powerful charting tools, technical analysis resources, and automated trading features for efficient decision-making.
  • Educational Support: The platform provides a variety of educational resources, including webinars and tutorials, helping traders of all levels enhance their skills and stay informed.
  • Regulated and Secure: As a regulated broker, assures traders of its adherence to industry standards, bolstering trust and confidence in the trading experience.


  • Steep Learning Curve: The platform’s intricate features might overwhelm newcomers, requiring dedicated effort to grasp advanced trading concepts effectively.
  • Limited Cryptocurrencies: While excelling in forex and CFDs,’s cryptocurrency options are restricted, potentially disappointing those seeking broader crypto exposure.
  • Competition Challenges: Facing platforms like MetaTrader 5 and IG, must consistently innovate to maintain its competitive edge in an evolving trading landscape.

Best Forex brokers

Forex Brokers Min Deposit Platforms Max Leverage Rating Secure Link
1 EToro Australia
MT4, MT5
Visit Site Read Review

Where Shines

  • Innovative Features: stands out through its innovative features that cater to traders of varying experience levels. Its integration of both MetaTrader 4 and 5 platforms offers advanced charting tools, algorithmic trading capabilities, and a wide array of technical indicators. The platform’s customizable interface empowers traders to tailor their trading environment to their preferences, enhancing decision-making efficiency.
    Advanced charting tools
  • Establishment and Reach: Established in 2001, has solidified its presence as a reputable online trading platform. Its user base spans across the globe, attracting both seasoned traders and newcomers due to its reliable services. This global reach is further amplified by its adherence to regulatory standards, fostering trust among traders worldwide.
  • Additional Benefits: provides additional benefits that contribute to its appeal. The platform offers virtual trading accounts, allowing traders to practice and refine their strategies without risking real capital. The availability of demo accounts serves as an invaluable tool for both beginners and experienced traders to test new approaches in a risk-free environment. Moreover, the platform’s educational resources, including webinars and tutorials, enrich traders with market insights and trading strategies, helping them make more informed decisions.

In essence,’s innovative tools, international presence, and supportive features position it as a versatile and dependable platform in the competitive world of online trading.

Where Falls Short

  • Limited Service: Despite its strengths, has certain areas where it falls short. One notable limitation lies in its customer support responsiveness during peak trading hours. Traders have occasionally reported delays in receiving assistance, which could hinder timely issue resolution. This drawback underscores the importance of further optimizing customer support channels to ensure consistent and efficient aid.
  • Limited Selection:’s offerings, while extensive in certain areas, exhibit limitations in others. Notably, the platform’s cryptocurrency selection remains relatively constrained compared to its competitors. While excelling in forex and traditional CFDs, the limited cryptocurrency options might deter traders seeking a broader exposure to the booming digital asset market. Expanding the range of available cryptocurrencies could enhance the platform’s appeal to a wider range of investors.

In conclusion, while boasts numerous advantages, its shortcomings in customer support during peak hours and limited cryptocurrency offerings are areas of concern. Addressing these limitations would contribute to a more well-rounded and competitive trading experience for its users. is Best for:

The Advantage caters to a diverse set of traders and investors, making it an optimal choice for several categories:

  • Forex Traders: As the platform’s name suggests, excels in providing a comprehensive forex trading experience. Its wide range of currency pairs and advanced trading tools make it a preferred destination for traders focusing on the forex market.
  • Experienced Traders: The platform’s integration of MetaTrader 4 and 5 platforms, along with its extensive technical analysis resources, suits the needs of experienced traders who require sophisticated tools to execute intricate strategies.
  • Educational Seekers:’s commitment to trader education, demonstrated through its webinars, video tutorials, and market insights, is highly beneficial for those looking to enhance their trading knowledge and skills.
  • Risk Management: With the provision of virtual trading accounts, the platform is suitable for traders aiming to hone their strategies and practice risk management techniques before committing to real funds.
  • Regulation-Conscious Traders:’s regulatory compliance and adherence to industry standards make it an attractive option for traders who prioritize security and trustworthiness in their chosen broker.

In summary, serves as a versatile platform catering to forex enthusiasts, experienced traders, those seeking educational resources, risk-conscious traders, and individuals valuing regulatory compliance in their trading endeavors. at a Glance

Minimum Trade Varies by account type
Trading & Transaction Fees Depends on trading activity
Number of Cryptocurrencies 50+
Crypto-to-Crypto Pairs Available
Website Transparency Detailed information
Storage & Security High level of security
Staking & Rewards Available for some assets
Mobile App Yes, for trading
Customer Service 24/7 support


Detailed Ratings for

Criteria 1: Trading Experience (Rating: 4.5/5) offers a user-friendly trading experience, with a well-designed interface that caters to both beginner and experienced traders. The availability of a mobile app enhances convenience, allowing users to trade on the go. The platform provides a wide range of cryptocurrencies and crypto-to-crypto trading pairs, facilitating diverse trading strategies. However, the rating falls slightly short of a perfect 5 due to occasional lags during high market volatility, which can impact the timely execution of trades.

Criteria 2: Security and Transparency (Rating: 4.8/5) excels in security and transparency. The platform employs industry-standard security measures such as two-factor authentication (2FA) and cold storage to protect users’ funds and data. Additionally, their transparent approach by providing comprehensive information on fees, trading conditions, and asset availability adds to their credibility. However, while their security measures are robust, no system is entirely immune to risks, hence the slight deduction from a perfect score.

Criteria 3: Asset Variety (Rating: 4.7/5)

With over 50 cryptocurrencies and various crypto-to-crypto trading pairs, offers a diverse selection for traders. This variety allows users to engage in multiple investment strategies and capitalize on various market trends. The platform supports both well-established cryptocurrencies and newer, promising tokens. The rating is slightly lowered due to the absence of a few niche or lesser-known cryptocurrencies that some traders might seek.

Criteria 4: Customer Support (Rating: 4.6/5)’s 24/7 customer support is commendable, offering assistance whenever needed. The availability of multiple channels for support, including live chat, email, and phone, caters to different preferences. However, occasional delays in response times during peak hours have been reported, leading to a slight reduction in the rating. Overall, the platform’s commitment to helping users resolve issues efficiently contributes to a positive customer experience.

Criteria 5: Fees and Rewards (Rating: 4.3/5)

The platform’s fee structure varies based on trading activity and account type. While transparency about fee details is appreciated, some traders might find certain fees relatively higher than those offered by competitors. The availability of staking and rewards programs for select assets is a plus, allowing users to earn additional benefits. However, the rewards program’s availability for a limited number of assets results in a slightly lower rating in this category.

Other Features You Should Know:

Special Features

  1. Education and Research Center: provides a comprehensive education and research center for traders of all levels. This feature offers tutorials, articles, webinars, and market analysis to help users enhance their trading knowledge and skills. Traders can access in-depth technical and fundamental analysis, stay updated on market trends, and make more informed decisions.
  2. Advanced Trading Tools: The platform offers a suite of advanced trading tools, including charting software, technical indicators, and customizable layouts. These tools allow traders to perform in-depth analysis, implement various trading strategies, and make well-informed decisions based on real-time market data.
  3. Market Insights and Analysis: provides regular market insights and analysis from expert analysts. These reports cover various asset classes, including cryptocurrencies, offering users valuable information to stay updated on market trends, news, and potential trading opportunities.
  4. Copy Trading: The copy trading feature enables less experienced traders to replicate the strategies of more skilled traders. Users can choose traders to follow based on their performance history, risk tolerance, and trading style. This allows beginners to learn from successful traders while potentially generating profits.

How It Works:

The Education and Research Center can be accessed directly from the platform. Traders can explore a variety of resources, from beginner tutorials to advanced trading strategies. The advanced trading tools are integrated into the trading interface, providing users with the ability to customize their charts, apply technical indicators, and analyze market data effectively.

Market insights and analysis are regularly published on the platform’s website, providing traders with up-to-date information to aid their trading decisions. The copy trading feature involves selecting experienced traders to follow within the platform. Trades executed by the following traders are automatically replicated in the follower’s account, allowing them to mirror the trader’s strategy.

Availability and Limitations:

These features are available to registered users. However, the availability of certain features might vary depending on the user’s location due to regulatory restrictions. Additionally, while the education and research center is a valuable resource, individual trading success still depends on a trader’s knowledge, skills, and market understanding.

Keep in mind that using advanced trading tools and copy trading carries risks, and users should carefully evaluate strategies and manage their investments. The market insights and analysis provided should not be considered financial advice, and traders should conduct their research before making trading decisions.

Conclusion: Is Right for You?

In conclusion, offers a robust platform for cryptocurrency trading with a diverse range of assets, user-friendly interfaces, and advanced trading tools. Its commitment to security, transparent fee structure, and educational resources make it a valuable choice for both novice and experienced traders. The availability of a mobile app and 24/7 customer support enhances the overall trading experience.

If you’re seeking a platform that provides access to a variety of cryptocurrencies, offers educational resources to enhance your trading knowledge, and prioritizes security, could be a suitable option for you. However, it’s important to consider the occasional lags during high market volatility and potential delays in customer support response times.

As with any investment platform, remember that trading cryptocurrencies carries inherent risks, and it’s crucial to conduct thorough research and understand the market dynamics before making any trading decisions. Additionally, individual preferences and risk tolerance should play a role in your decision-making process.



  • Can I Trade Cryptocurrencies on Margin? 
    Yes, offers margin trading for cryptocurrencies. Traders can amplify potential gains, but it’s important to understand the associated risks.
  • Are There Inactivity Fees? 
    Yes, there might be inactivity fees for dormant accounts. Traders should review the fee schedule to understand the criteria and potential charges.
  • Does Provide Market Analysis Tools? 
    Beyond mentioned tools, offers sentiment analysis and economic calendars. These help traders gauge market sentiment and stay updated on economic events.