ForexBroker Inc. Review (US Traders) -OUT OF BUSINESS-
FOREX BROKER INC. GENERAL INFORMATION
■ Foundation: ForexBroker Inc. was founded in 2012
■ Headquarters: ForexBroker Inc. has offices in Malta and in Belize (Central America)
■ US Residents: ForexBroker Inc. allows traders from the US -YES-
■ Islamic Accounts: -NO-
■ Regulated: ForexBroker Inc. is regulated by MiFID (EU) -Pending regulation by the Malta Financial Services Authority
■ Segregated Accounts: ForexBroker Inc. provides Segregated Client Accounts -YES-
■ Languages: ForexBroker Inc. website supports only English
FOREX BROKER INC. TRADING INFO SUMMARY
■ Broker Type: ECN (45+ Forex Currencies)
■ CFD Trading: YES (16 assets)
■ Platforms: ForexBroker Inc. offers MetaTrader4 and SIRIX web trader, plus an HTML5 app for all mobile devices and the SIRIX Tablet Platform
■ Trading Time Zone: GMT+2
■ Demo Account: ForexBroker Inc. provides a Demo Trading Account -YES-
■ Typical EUR/USD Spread: The minimum EUR/USD spread is 0.3 pip, and the typical is 1.9 pips
■ Trading Commissions: Accounts without trading commissions and other Accounts with 1 pip commissions charged
■ Leverage: Leverage at ForexBroker Inc. up to 500:1
■ Scalping / Hedging: Allowed at ForexBroker Inc. -YES-
■ Bonus / Rebate: ForexBroker Inc. at the moment of the review offers Deposit Bonus up to 100%
■ Minimum Account: $5
💱 FOREXBROKER INC. TRADING ASSETS
FOREX BROKER INC. ASSET INDEX ForexBroker Inc. is providing: - A wide variety of Forex Currency Pairs (45+) - CFD Trading (16 assets including metals and energy) Table with Currency Pairs (alphabetical order) AUDCAD NZDUSD EURHUF USDRUB GBPUSD AUDNZD USDCZK EURNZD USDTRY NZDJPY CADJPY USDHUF EURTRY AUDJPY USDCHF EURCAD USDMXN GBPCAD CADCHF USDHKD EURGBP USDRON GBPNZD EURAUD USDJPY EURNOK USDSGD NZDCHF EURDKK USDPLN EURSEK AUDCHF USDCAD EURJPY USDSEK GBPAUD AUDUSD USDDKK EURPLN USDZAR GBPJPY CHFJPY USDILS EURUSD NZDCAD EURCHF USDNOK GBPCHF
SPREAD, COMMISSIONS & LEVERAGE
FOREX BROKER INC. TRADING SPREAD & COMMISSIONS - ForexBroker Inc. Spread on EUR/USD 0.3 pips to 1 pip - ForexBroker Inc. charges commissions from 0 to 1.5 pip The broker charges o.3 pip spread and 1 pip trading commissions. Check the table of Spread & Commissions below at the NEW ACCOUNT INFORMATION section of this review. FOREX BROKER INC. TRADING LEVERAGE The trading leverage at ForexBroker Inc. can be up to 500:1
TRADING PLATFORM & MOBILE
FOREX BROKER INC. TRADING PLATFORM ForexBroker Inc. is offering 2 Trading Platforms plus mobile and Tablet Trading Platforms: 1. MetaTrader 4 2. SIRIX Web-Trader - Demo account is available at ForexBroker Inc. ForexBroker Inc. MetaTrader4 Features - Automated Trading (Expert Advisors) - 50 indicators and charting package - History database management - Internal mailing system - Built-in-News System
FOREX BROKER INC. MOBILE TRADING The Broker offers an HTML5 app which operates on almost all mobile devices: 1) iPhone 3GS (and above) 2) Android 2.2 (and above) 3) Windows Mobile 4) Nokia Symbian Mobile 5) Blackberry Mobile Features: - The mobile app is fully synchronized with the FB Webtrader and FB MT4 - Internal Mailing
NEW ACCOUNT INFORMATION
ForexBroker Inc. Minimum Account: The minimum initial deposit required for opening an account on ForexBroker Inc. is 5 USD. Deposit Withdrawal Fees: No Fees -No- Account Currencies: Accounts at ForexBroker Inc. may be held in EUR, USD, JPY Table: ForexBrokerInc. Account Types GOLD ECN ACCOUNT PLATINUM ACCOUNT PLATINUM ECN ACCOUNT Min Deposit 5 USD 5 USD 5 USD Max Deposit 10,000 USD - - Lot 1 micro Lot 1standard Lot 1standard Lot Max Leverage (500:1) (200:1) (200:1) Min Spreads 0.3 1.0 0.3 Commission 1.5 pip None 1 pip Hedging Yes Yes Yes Deposit Currency EUR, USD, JPY EUR, USD, JPY EUR, USD, JPY Margin Call Level 100% 100% 100% Stop out Level 20% 20% 20% ForexBroker Inc. Deposit Methods: - Bank Wire Transfer - Credit / Debit Cards ForexBroker Inc. Withdrawal Methods: - Bank Wire Transfer - Credit / Debit Cards
FOREXBROKER INC. BONUS ForexBroker Inc. offers a Bonus of up to 100%
FOREX BROKER INC. NEW ACCOUNT DOCUMENTATION ForexBroker Inc. will demand the following documentation for new Real Accounts: 1. Copy of passport or other official state ID 2. Recent utility bill (Address Verification) 3. Copy of the back & the front of the card used (You may blank out the first 12 digits on the front, and the 3-digit security code on the back)
CONTACT INFORMATION
ForexBroker Inc. Registered Address of Head Offices: Suite 102, Corner EyreHudson, Belize City, Belize Malta Satellite Office: +356-3550 0072 Phone Support: USA toll-free Phone Line: 347 901 4943 Email Support:
⚖️ FOREX BROKER INC. PROS AND CONS (According to competition)
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FOREX BROKER INC. REVIEW CONCLUSIONS |
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FOREX BROKER INC. REVIEW PROS |
FOREX BROKER INC. REVIEW CONS |
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-Allows US Traders -Reasonable Trading Terms (minimum spread 0.3 pip and commissions 1 pip) -Pending Orders, Scalping, Hedging, One-Click Trading, and Trailing Stops availability -Automated Trading and API trading -Deposit Bonus up to 100% and Roll Tournament -Segregated Client Accounts -Good 24/5 support, eMail, Phone, and Live Chat |
X Relative new company X Lack of Regulation X Not good for Swing Traders, the SWAP charges are high |
🏁 ForexBroker Inc. Review Conclusion:
ForexBrokerInc. is a relatively new ECN Forex broker offering competitive trading conditions. The broker is NFA-compliant and therefore accepts traders from the US. Currently, ForexBrokerInc. is regulated only under MiFID (EU). It offers two main trading platforms—MT4 and Sirix WebTrader—along with an HTML mobile app compatible with all mobile devices, and a Sirix platform for tablets.
Scalping, hedging, and automated trading are all allowed. All major order types are supported, including pending orders and trailing stops. Execution is fast, with minimal slippage and no price manipulation. The broker offers over 45 currency pairs as well as CFD trading.
ForexBrokerInc. provides three account types and applies either fixed or variable spreads. In general, they offer a 1.9-pip spread on EUR/USD with no commission. For accounts with a tighter spread (as low as 0.3 pips), a commission of 1 pip is charged. There are no deposit or withdrawal fees, and client funds are held in segregated accounts, as required. Account currencies include EUR, USD, and JPY. The current deposit bonus is 100%, available to all types of traders.
Overall, ForexBrokerInc. is an unregulated new broker offering competitive trading conditions.
ForexBroker Inc. Review
TradingCenter.org
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