Forex Broker Inc. Review

Forex Broker Inc.
$50 no deposit bonus
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Overview

Forex Broker Inc. company information Forex Broker Inc. is one of the only global forex brokers accepting US traders. They are established in 2012 and basic in Malta. Forex Broker… more

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0/5

Details

Broker Forex Broker Inc.
Website URL www.forexbrokerinc.com
Founded 2012
Headquarters Suite 15, 254 Belsize Road, London, United Kingdom NW6 4BT and company number OC394808
Support Number +18002176707
Support Types phone, live chat, email: support@forexbrokerinc.com
Languages English
Trading Platform MobileTrader, MT4, MT4 Mobile, Webtrader, SIRIX WebTrader, SIRIX Tablet, iPhone Trader
Minimum 1st Deposit $5
Minimum Account Size $100
Minimum Trade Amount $1
Maximum Trade Amount $100k
Bonus $50 no deposit bonus
Payout within 5 business days
Leverage up to 500:1
Spread 0.3 pips
Free Demo Account Open Demo
Commissions Yes
Commission Info No hidden commissions or fees
Account Types Gold (ECN Account), Platinum (Variable Spread Account), Platinum (ECN Account), VIP Status Account (ECN Account)
Deposit Methods Bank Wire Transfer , Credit Card , Neteller
Withdrawal Methods Bank Wire Transfer , Credit Card , Neteller
Trading Methods Automated trading, trade from charts, scalping, hedging, trailing stops, guaranteed stop loss, guaranteed limit orders, one-click execution
Number of Assets 1000+
Types of Assets CFDs, forex, stocks, commodities, ETFs and indices
Trading Currency All major forex pairs, most minor forex pairs and even exotic ones including USD/ZAR and USD/RUB
Account Currency you can fund your account with any currency which shall be converted to the currency selected under the 'my account' tab
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 7.2

Full Review

Forex Broker Inc. company information

Forex Broker Inc. is one of the only global forex brokers accepting US traders. They are established in 2012 and basic in Malta. Forex Broker Inc. customer support is 24/5 available and offers forex traders worldwide at very low competitive spreads from 0.3 pips. Forex Broker Inc. is way cheaper than United States based brokerage firms that often charge around $5 to $10 per opened trade. Forex Broker Inc. has bonuses and trader promotions from time to time, even no deposit bonuses where no initial deposit or credit card details are required for.

Forex Broker Inc. trading platforms

There are 5 different trading platforms available on Forex Broker Inc.:

Meta Trader 4 (MT4)

The Meta Trader 4 (MT4) platform it the worlds most famous trading platform for forex and stock trading. The wide range of features and functions for traders are unrivaled as today.

Meta Trader Mobile

Needless to explain, this is the Meta Trader 4 version for smartphones and tablets running on Android, iOS and windows.

SIRIX WebTrader

SIRIX WebTrader is a trading platform designed for social trading. With this trading platform it is possible to copy other traders in their trades either marginally or with full investment amounts.

iPhone Trader

This is a trading platform app designed by Forex Broker Inc. especially for iPhones. All the features of the Forex Broker Inc. WebTrader or PC version are embedded in this app making it a sleek designed and compact markets trading app for on the iPhone.

SIRIX Tablet

This is the social trading platform mentioned above geared for tablet trading. All the social trading features like live trader feed, live news feed, trader stats etc. are embedded in this social trading platform designed exclusively for tablet trading.

Forex Broker Inc. account types

There are 3 types of trading accounts available on Forex Broker Inc.

– Gold (ECN Account)
– Platinum (Variable Spread Account)
– Platinum (ECN Account)
– VIP Status Account (ECN Account)

All accounts just take only a $5 minimum deposit to start trading with exception of the VIP Status Account. The VIP Status account might require a higher initial deposit but both welcome bonus and loyalty bonuses are higher. VIP Status Account holders gain exceptional support from the Forex Broker Inc. customer support team and instant withdrawals.

Forex Broker Inc. commissions and spreads

As mentioned above Forex Broker Inc. charges very low competitive spreads as low as 0.3 pips on major forex pairs. On Platinum Account and VIP Status Account pips on other financial assets also go as low as just a single pip. Forex Broker Inc. doesn’t charge fees for withdrawals of funds, some other brokers do charge $30 to $40 per withdrawal made in administration fees. Forex Broker Inc. has a loyalty program where traders can get up to 15% loyalty bonus for meeting certain trading conditions.

Forex Broker Inc. customer support

Forex Broker Inc. customer support is 24/5 available in English by email, live chat and by phone.

Forex Broker Inc. banking information

Anyone around the world can deposit and withdraw funds to and from their Forex Broker Inc. account by credit card (Visa, Visa Electron, Master Card and American Express), wire transfer and Neteller. Deposits are processed within seconds and can be anywhere between $5 and $10,000. Withdrawing funds takes between 3 and 5 business days with the exception of VIP Account holders whom can withdraw funds within 24 hours.

Forex Broker Inc. review conclusion

Basically there are 5 reasons why Forex Broker Inc. is a great forex broker. The first one is the high leverage traders can trade with on all 4 account types, up to 500:1. The second reason is the fact that Forex Broker Inc. accepts traders from anywhere on the planet, including clients and traders from Canada and the United States. Another two reasons are the low minimum deposit requirement of just $5, so low that basically anyone can try forex trading using Forex Broker Inc. and the high bonuses Forex Broker Inc. gives its clients, both welcome bonus and loyalty program bonus. Last but not least are the low, competitive spreads charged from as low as 0.3 pips on major forex pairs. Taken all these pros in account I rate Forex Broker Inc. a fat 9/10 for non US traders and 10/10 for US traders. The reason I rate it a 9/10 and not a 10/10 for non US traders is because the small con that Forex Broker Inc. customer support and trading platform is only available in English.

✓ Low minimum required deposit of just $5

✓ High leverage up to 500:1 available

✓ Low competitive spreads from 0.3 pips

✓ USA traders accepted

✓ Multiple trading platforms available

✓ Social trading using SIRIX available

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Pros

  • Low minimum required deposit of just $5
  • High leverage up to 500:1 available
  • Low competitive spreads from 0.3 pips
  • USA traders accepted
  • Multiple trading platforms available
  • Social trading using SIRIX available

Reviews

  • User experience:

    1
  • Platform:

    2
  • Reliability:

    3
  • Customer Service:

    2
  • Payouts:

    2
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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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