Forex Trade Platform and Broker Review Forex Trade Platform and Broker Review

Rate this post Broker Review is an award-winning financial asset management firm and brokerage that was established in 2001 in the United States.’s main services involve offering forex traders from around the world online CFD and forex trading services. has between 500 and 1,000 employees and is headquartered in New Jersey, United States.

Is Regulated?

Yes, is regulated by the Cayman Islands Monetary Authority (CIMA). has regulation through its affiliates with the Financial Conduct Authority (FCA), Financial Services Authority (FSA) in Japan, Commodities Futures Trading Commission (CFTC) and National Futures Association (NFA) in the US, Investment Industry Regulatory Organisation of Canada (IIROC), and Australian Services and Investments Commission (ASIC). 

Is Regulated in the United States?

Yes, is regulated in the United States by the Commodities Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA) in the United States through its affiliates.

Is Regulated in Europe?

Yes, is regulated in Europe by the Financial Conduct Authority (FCA) to offer trading solutions as a forex broker in Europe.

Is regulated in a Tier-1 Jurisdiction?

With Tier-1 Jurisdiction, has the license to offer financial services to forex traders in Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

According to the official website, the broker is regulated in Tier-1 jurisdiction.

Is regulated in Tier-2 Jurisdiction?

Tier-2 Jurisdiction grants brokers the license to offer financial services in the British Virgin Islands, Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

According to the official website, is regulated in Tier-2 jurisdiction.

What are the Platforms and Tools for Forex Trading in offers forex traders with the popular, user-friendly, customizable MetaTrader 4 and MetaTrader 5 for use.

  1. MetaTrader 4 is the most popular and most used trading platform in the trading industry. With MetaTrader 4 and, forex traders have access to tools and analysis, real-time account data and information, access to use an Expert Advisor optimized environment that does not have a third-party bridge and access to a fully customizable trading system that is secure.
  2. MetaTrader 5 offers Forex traders the opportunity to trade multiple assets through and grants forex traders with additional tools and analysis by providing 38 technical indicators, 44 analytical objects, 21 chart time-frames, an economic calendar, market search function, five daily candles, and an improved strategy tester.

Does Have a News Blog for Forex News?

Yes, has a news blog for forex news. The official website features a dedicated section that offers trades with an in-depth overview of the forex market and the latest updates in economic and financial news.

Does Have a Traders Dashboard?

Yes, has a forex traders Dashboard. This offers forex traders live updates on all the financial markets in addition to having an overview of what is trending in the news, and how trades may be affected by this.

Does Have an Educational Section?

Yes, has an education section that is freely available on the official website. 

What is the content of Forex Education?’s educational section consists of several sections including:

  1. Trading Themes
  2. Trading topics
  3. Trading courses

The Trading Themes Section contains the following topics:

  1. Trading Concepts
  2. Managing Risk
  3. Technical Analysis
  4. Fundamental Analysis
  5. Trading Strategies

Trading Topics include the following:

  1. “What is Forex?”
  2. “Common Forex Trading Mistakes”.
  3. “What is a Cryptocurrency?”
  4. “Bitcoin Correlations”.
  5. “Bitcoin Factsheet”.
  6. “How Bitcoin Works”.
  7. “Trading Bitcoin”.
  8. “Trading vs. Owning Bitcoin”.
  9. “Forex Currency Factsheet”.
  10. “Forex Liquidity and Volatility”, and more.

Trading Courses are divided into Beginner, Intermediate, and Advanced. Each section contains information relevant to the experience level indicated, helping forex traders keep their knowledge of the financial markets and trading current and relevant.

Is Legit?

Yes, is a legit Forex Broker and Trade Platform regulated by CIMA with affiliate regulation through FCA, FSA, CFTC, NFA, IIROC, and ASIC.

Is Safe?

Yes, is a reliable and safe Forex Trade platform that is regulated by the Cayman Islands Monetary Authority (CIMA) and has affiliate regulation through:

  • Financial Conduct Authority (FCA) in the United Kingdom.
  • Financial Services Authority (FSA) in Japan.
  • Commodity Futures Trading Commission (CFTC) in the United States.
  • Member of the National Futures Association (NFA) in the United States.
  • Investment Industry Regulatory Organisation of Canada (IIROC).
  • Australian Services and Investment Commission (ASIC) in Australia.

As a well-regulated and reputable broker, is obliged to keep client funds in segregated accounts with top-tier banks, separate from the funds of the broker. These client funds may not be used for any operational purposes.

Is a Good Broker?

Yes. According to a Forex Suggest review, is a good broker in terms of security, trading speed, online support, and cryptocurrencies. 

  1. In terms of security, uses stringent security protocols and high levels of encryption to ensure that data, information, and transactions are secure.
  2. has an Execution Scorecard, with 99.83% of trades executed in less than 1 second, with an average execution speed of 0.04 seconds.
  3. In terms of online support, offers online support in the form of a live chat function that is available on the website, offering prompt and helpful assistance.
  4. offers the trade in Bitcoin, Litecoin, Bitcoin Cash, Ripple, and Ethereum as CFDs.

What is the Offering of Investment in

Offerings of can be found below.

Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  No

Does have Nasdaq?

Nasdaq is the US stock exchange and index that keeps track of the top technology stocks in the United States.

As a Nasdaq owner, offers trades on this index by providing share and indices CFDs. 

What are the Awards of

Forex Trading Platform’s awards are listed below.

  1. Best Forex Services Provider (2019) – UK Shares Awards.
  2. Best Forex Broker (2013) – Investors Chronicle.
  3. Best USA Broker (2013) – ForexExpo Awards.
  4. Best FX Broker (2012) – Shares Magazine.
  5. Best Arabic FX Platform (2012) – Saudi Money Expo.
  6. Best Forex Retail Trading Platform (2012) – UK Forex Awards.
  7. Best Online FX Provider (2011) – MoneyAM.
  8. Best Arabic FX Platform (2010) – Middle East Forex and Managed Funds.
  9. Fastest Growing Firms in North America (2008) – Deloitte.
  10. Fastest Growing Private Companies List (2005) – Inc. 500.
  11. Best of the Web (2001) – Forbes.

How to Use for Forex trading?

To use, a forex trader should have the necessities below:

  1. Forex traders must be 18 years, or older to register for a live trading account with
  2. Forex traders must have a valid ID and proof of their residential address.
  3. Forex traders must be able to afford the minimum deposit requirement of $100 to start trading.

Once a forex trader meets the conditions above, they can register a forex trading account to use the services of

How to open a Forex trader account with

To open a Forex Trading Account with, a trader should follow the steps below.

  1. Forex traders can visit and select “Open An Account” from the homepage.
  2. Forex traders can complete the Account information section with some basic information and select “Save and Continue”.
  3. Forex traders must provide their residential address, tax information, employment, and financial information, trading experience, and expected trading volume.
  4. Lastly, forex traders must read and accept the declaration and the privacy policy before they can submit their applications.
  5. The account application will be processed within 30 seconds and forex traders will be notified whether their application has been successful. If it has been approved, forex traders can deposit a minimum of $100 via Visa Debit/Credit Card or Bank Transfer and start trading.

What are the Forex Trader Account Types with

Forex Trading Platform and Financial Asset Management Institution has 5 account types that are offered, each targeting different forex traders who wish to achieve different trading objectives. Account Types are listed below. 

  1. Demo Account

  2. Islamic Account

  3. Standard Account

  4. Commission Account

  5. DMA Account


  • Demo Account offers forex traders a risk-free demo account that can be used to practice trading, test trading strategies, or explore what the broker has to offer in a realistic and mimicked live trading environment.

  • Islamic Account

Muslim forex traders who follow the Sharia Law are prohibited from paying/receiving any form of interest. For this reason, offers Muslim forex traders the option of converting either of the three live trading accounts to that of an Islamic Account.

With this option, forex traders can expect some of the following features:

  • Minimum of $100 to open a live account.
  • Leverage to a maximum of 1:200.
  • Access to either MetaTrader 4 or MetaTrader 5.
  • Fast trades and consistent trade execution.


  • Standard Account

The Standard Account caters to forex traders who want a traditional trading experience that has ultra-competitive spreads, clear and transparent fee schedules, and other features such as:

  • A minimum deposit of $100, with a recommended balance of $1,000.
  • Spreads from as low as 0.8 pips on EUR/USD, with typical spreads from 1.3 pips.
  • Commission-free trading.
  • Access to MetaTrader 4 and MetaTrader 5.
  • Access to the full range of financial instruments.
  • Access to cash rebates.
  • API Trading.


  • Commission Account

With the Commission Account, forex traders are offered flexibility in addition to reductions on spreads and commissions. The features of the Commission Account are as follows:

  • Minimum deposit of $100, with a recommended balance of $1,000.
  • Spreads from 0.2 pips EUR/USD.
  • Commissions of $5 per 100K traded.
  • High-quality trade executions.
  • Access to either MetaTrader 4 or MetaTrader 5.
  • The chance to earn cash rebates.
  • API trading.


  • DMA Account

With the DMA Account, more experienced and professional forex traders can benefit from the deep liquidity that it provides. It also offers forex traders the chance to harness rapid price opportunities.

The DMA Account offers forex traders the following features:

  • Minimum deposit of $100, with a recommended balance of $25,000.
  • The chance for forex traders to trade on prices that are sourced directly from global banks and top-tier liquidity providers.
  • Zero mark-ups added to trades.
  • View multiple levels of real-time pricing in the order book.
  • Ability to split the spread and place orders among top-of-book spreads.
  • Spreads from as low as 0.8 pips EUR/USD with typical spreads from 1.3 pips EUR/USD.
  • Access to integrated trading tools.
  • Access to market commentary and analysis.
  • Advanced charting tools and powerful trading platforms.

How to Withdraw Money from

To withdraw money from, the following should be done:

  • Forex traders can log into their trading account on and select “Withdraw” from the options.
  • Forex traders must provide a withdrawal amount followed by some basic details.
  • Forex traders can view the summary of their withdrawal and confirm this to submit the withdrawal request to the relevant department.
  • Forex traders must note that the payment method used for withdrawals must be the same that is used for deposits.
  • Withdrawals can only be made to a bank account that is registered in the name of the trader, which must be the same as the name provided when they registered for a live trading account.

How many days do deposits take with

This will depend on the deposit method forex traders used with Where credit/debit cards and various electronic payments can reflect instantly, methods such as bank transfers may take a few business days to process and reflect.

What are the costs and fees with

There are four types of costs with namely spreads, commissions, swap fees, and margin requirements. 

The spread is the difference between the bid and the asking price, expressed in pips. Pips are the smallest increment with which a price can fluctuate and can be charged either as floating or fixed. Floating spreads change according to the financial instrument and the market conditions which fixed spreads, while higher, only change according to the broker’s discretion.

Commissions are a flat fee charged on trades that are executed. These can be charged per lot, per side, per round, or per a certain volume traded. Swap fees are charged on overnight positions that are held open after the trading day has ended. The margin requirement is what is needed by as collateral for the trade, presented as a percentage.

What are the Trading Fees with

The Forex Trading Fees with are below. 

Forex traders must note that the Islamic Account will reflect the fees as per the account type that the trader chose to convert.

The Standard Account:

  1. Spreads: from 0.8 pips EUR/USD, typical spreads from 1.3 pips.
  2. Commissions: None
  3. Swaps: -0.47 pips long and -0.03 pips short.
  4. Margin Requirement: from 0.5% EUR/USD.

The Commission Account:

  1. Spreads: from 0.2 pips EUR/USD.
  2. Commissions: $5 per 100K traded.
  3. Swaps: -0.47 pips long and -0.03 pips short.
  4. Margin Requirement: from 0.5% EUR/USD.

The DMA Account:

  1. Spreads: from 0.8 pips EUR/USD, typical spreads from 1.3 pips.
  2. Commissions: None
  3. Swaps: -0.47 pips long and -0.03 pips short.
  4. Margin Requirement: from 0.5% EUR/USD.

What is the minimum deposit in

According to the official website, the required minimum deposit to register an account is $100, however, forex traders are advised to keep a balance of between $1,000 and $25,000 depending on the account type they use. 

What are the contract specifications in

Forex Trading Yes
CFDs 4,000+
Forex Pairs 80+
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 6
Social Trading  No

Does have promotional offers?

Yes, Trade and Exchange platform provide promotional offers for existing as well as new forex trading account holders. These promotional offers are:

  1. Active Trader Rebate Program

Does have a welcome bonus?

No, does not have a welcome bonus.

The welcome bonus is an initiative that brokers offer to new forex traders who register an account for the first time. This bonus is paid as trading credit into the trading account and can be used towards trading activities.

Does have a deposit bonus?

No, does not have a deposit bonus.

The deposit bonus is an offer that works to reward forex traders based on their initial deposit, or recurring deposits, which is presented as a percentage return on their deposit. This is paid into the trading account as a trading credit that can be used.

Is there a commission-free trade bonus in

No, does not offer forex traders a commission-free trade bonus.  

Is there a VIP bonus at

No, does not offer forex traders a VIP bonus.

Can you start trading with no money at

No, you cannot start trading with no money at There is a $100 minimum deposit requirement when registering a trading account.

How does leverage work with offers forex traders with leverage of up to 1:200, this allows forex traders to open 200 x the positions despite their initial deposit when opening the trade. Leverage is applied to the account when forex traders register and can be changed under account settings.

With leverage, the original margin requirements on trades are automatically lowered when trading with forex traders must, however, note that some instruments have lower leverage ratios than others due to the risk associated with trading these instruments and the losses that forex traders can face.

Where are the headquarters of is headquartered in New Jersey, United States.

Who is’s CEO? is a subsidiary of StoneX Group, Inc and the CEO is Glenn Stevens who has held the position since August 2020. Glenn Stevens graduated from Columbia University with his MBA in Finance in 1994.

What are the social media accounts of

Forex traders can follow on the following social media accounts:

  • Facebook
  • Twitter
  • YouTube

How many employees do work for

There is no official source that provides the exact number of employees for However, judging by the business size, has between 500 and 1,000 employees.

What are the opinions about is widely regarded as a reputable online trading broker that works to connect forex traders from around the world with global markets. is known for its fast trade execution and it is the only US broker that has an Execution Scorecard.

What are Contests? does not run any contests.

The official website does not indicate any past, current, or future contests.

Does have online support?

Yes, offers prompt and helpful online support via its live chat function on the website.

Does offer demo accounts for Forex trading?

Yes, offers a free demo account for all new forex traders. The demo account can be opened with the following steps:

  1. Forex traders can visit the official website and select the “Test drive with Demo” option from the homepage.
  2. Forex traders can complete the online application by providing some basic information.
  3. Once the application has been submitted and approved, forex traders will be redirected to a page providing them with their demo account credentials.
  4. Forex traders can either download their trading platform onto their mobile device or desktop, or they can use the WebTrader for either trading platform.

Does have a mobile app for Forex trading?

Yes, offers the Direct App for Android and iOS.

With these mobile apps, forex traders have access to financial markets around the clock in addition to having access to the full suite of features that the platforms offer. With the mobile apps, forex traders can access comprehensive charting, live prices, trading opportunities through push notifications, and more.

With this app, forex traders are offered a variety of chart types, time frames, technical indicators, and the ability to save charting preferences as well as templates for future use.

Does publish an economic calendar? publishes an economic calendar that can be accessed from the official site. 

An economic calendar is one of the most important trading tools that forex traders use, especially when conducting fundamental analysis. An economic calendar showcases announcements and releases from around the world across several markets.

These events and announcements can affect the price movements of financial instruments and subsequently the trades of many forex traders. For this reason, forex traders must stay informed of important events.

With the economic calendar, forex traders are provided with information from around the world according to different time zones, dates, regions, and levels of importance from high, medium, to low.

What is the communication information of does not provide any telephone numbers or its main business address.

The official website provides forex traders with a live chat function on the site to contact customer support. There is also a status center that updates forex traders on the status of various functions and features.

Table of Contents