Pro: Liquidity, the number of operations that Forex handles daily is almost equivalent to about 5 trillion dollars, therefore, you have a lot to choose from when trading.
Con: A large number of transactions makes the numbers particularly volatile and therefore increases the risk.
Pro: Access to Forex licenses, forex trading is regulated, and having a regulatory framework is under quite strict control. If you want to know more, you can read all about it here.
Con: Market regulations do not necessarily affect all users equally; it depends on the geographical area where the trader registers with the broker.
Pro: Possibility of leverage, you can double your main investment giving you the possibility to find higher profits, this is a big difference between Forex and binary options.
Con: Leverage requires good management in order not to become a disadvantage in terms of losses.