Forex Tester is new independent and unbiased forex testing service founded by Mark Larsen, professional forex trader with well over 10 years of experience. Main goal of the website is to provide independent investigation and review of all top forex systems and expert advisors available on the market.
Forex Brokers Reviews is a 100% free and independent forex service. We never join any affiliate or referral program! We don`t charge a fee to any forex brokers or service provider nor to our users. All forex brokers reviews are just based on the last test performance of each service.
Hi guys! Let`s face it, the majority of all forex brokers that support the MetaTrader 4 platform are pure bucketshops.
The truth is you are not trading in a true market environment but instead are in a "sandbox" type of trading environment called dealing-desk where the broker has full control over your position. You are winning money - he is losing it. And in such type of environment winners are obviously not welcome... If you win consistently on a long term basis your account can be banned or suspended and all your profits go to nowhere! or indeed in the broker`s greedy pocket!
Min. Deposit: $ 250 for mini account, $2500 for standard Founded: GAIN Capital was founded in 1999 Platforms: FOREXTrader (with Java), Metatrader4 Regulation: FOREX.com is a registered Futures Commission Merchant (NFA ID #0339826) and a member of the National Futures Association. Support: Very good support + Live Chat The Good: One of the largest and most reliable brokers. The Bad: Nothing really bad so far. The spreads are pretty high comparing to other brokers.
FOREX.com is of the largest and most reliable brokers. GAIN Capital was founded in 1999. FOREX.com is a registered Futures Commission Merchant (NFA ID #0339826) and a member of the National Futures Association.
Of course I have personal accounts at Forex.com and cant say anything bad about them. Support is very friendly and rather fast. Trade execution is good. However the spreads are pretty high comparing to other brokers.
Here is my short INTERVIEW with Forex.com
Mark: Hello. I am interested in Forex.com service. I would like to learn more about your company. Where were you founded? Are you regulated?
Katie: Our US headquarters is on Wall Street in New York. We also have offices in New Jersey. These strategic locations allow us to support self-directed forex traders from over 140 countries.
Katie: FOREX.com is a registered Futures Commission Merchant (NFA ID #0339826) and a member of the National Futures Association. Please visit the below link for the NFA site and click on Broker/Firm Information (BASIC) to review FOREX.com's record as an NFA member.
Katie: http://www.nfa.futures.org/
Mark: When were you founded?
Katie: GAIN Capital was founded in 1999.
Katie: For more information about our company, please click the link below.
Katie: About FOREX.com
Mark: Are you a dealing desk or ECN broker?
Katie: FOREX.com is a Market Maker and we have a dealing desk.
Mark: My friend has an account at forex.com He said your spreads are bit high. Do you plan to decrease the spreads and add fractional spreads?
Katie: We offer tighter fractional spreads.
Katie: Please click the link below for information about our spreads.
Katie: http://www.forex.com/trade_pricing.html
Mark: Do you allow EA trading. For example Fapturbo traders?
Katie: You can use an expert advisor if you like, but we do not provide support for expert advisors.
Mark: What is the margin requirement for 10K standard account?
Mark: and what is the min. deposit?
Katie: To open a live account, the minimum to fund is just $250 for a mini account, and only $2,500 for a standard account.
Katie: The margin requirement would depend on the currency pair you are trading. Mark: for example for EURGBP?
Katie: Please click the calculator button on your ForexTrader to access the margin and pip calculator.
Katie: The margin requirement for 1 standard lot of EUR/GBP with 100:1 leverage right now is $1,284.50.
Mark: Ok thank you. Last question: how fast is the trade execution? For example in other broker I got offquotes errors for 30 minutes yesterday!
Katie: Trade execution should be instant.
Katie: If at anytime you receive any error message while trading, please call 1-908-731-0750 immediately and we will place that trade for you.
Mark: ok thank you for kind response
Katie: you are welcome!
