Accepts US Clients: Yes
Min. Deposit: $100
Leverage: 1:500
Platforms: MobileTrader , MT4 , MT4 Mobile , Webtrader

Broker Overview

Company Information

Broker’s Name ForexBrokerInc
Website http://www.forexbrokerinc.com/
Headquartered in Belize City
Founded in 2012
Regulating Authority
US Clients Accepted  ForexTradingTime.com_ Forex Brokers List & Reviews
Telephone Number 18002176707
Fax Number
E-mail Address support@forexbrokerinc.com

Account Options

Type of Broker ECN , STP
Commission Yes
Mini Account  ForexTradingTime.com_ Forex Brokers List & Reviews
VIP Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Segregated Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Islamic Account (Swap Free)  ForexTradingTime.com_ Forex Brokers List & Reviews
Demo Account  ForexTradingTime.com_ Forex Brokers List & Reviews
Institutional Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Managed Accounts  ForexTradingTime.com_ Forex Brokers List & Reviews
Maximum Leverage 1:500
Minimum Deposit $100
Deposit Options Bank Wire Transfer , Credit Card , Neteller
Withdrawal Options Bank Wire Transfer , Credit Card

Bonus & Rewards

No Deposit Bonus Yes
Bonus for First Deposit  Yes
Is the Bonus Based on the Volume of the Transaction? ForexTradingTime.com_ Forex Brokers List & Reviews
Other Bonuses Yes

Trading Platform

Platform Type MobileTrader, MT4, MT4 Mobile, Webtrader
Platform Languages English
OS Compatibility Mac OS , iOS , Windows , Android
Streaming News Feed  Yes
Trading Signals Yes
Automated Trading Yes
Trade From Charts Yes
Market Commentary Yes
E-mail Alerts ForexTradingTime.com_ Forex Brokers List & Reviews
Mobile Alerts ForexTradingTime.com_ Forex Brokers List & Reviews
Scalping Yes
Hedging Yes
Trailing Stops Yes
Guaranteed Stop Loss Yes
Guaranteed Limit Orders Yes
Guaranteed Fills No
Interest on Margin No
One-Click Execution Yes
OCO Orders No

Customer Service

Customer Support Languages English
Customer Service Hours 24h
Place Trades Over the Phone?  Yes

ForexBrokerInc - Review

Forex Broker Inc Review


With U.S regulatory authorities getting more stringent with unregulated offshore brokers, it is difficult to find an online forex broker that is willing to accept U.S based traders. However, with Forex Broker Inc, even U.S based traders are welcome. Established in 2012 and based in Malta, Forex Broker Inc is regarded as a USA Forex Broker friendly broker that is committed to offer its traders the best possible service in the industry.

With their low spreads and 24/5 customer support, they offer value for money.

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Trading Platforms


As for the platforms that are available, traders can choose between online platforms or downloaded versions. All in all, there are five main versions of trading platforms:

  • Meta Trader 4 (MT4)
  • Meta Trader Mobile
  • Sirix WebTrader,
  • iPhone Trader
  • Sirix Tablet

 

Meta Trader 4 Platform (MT4)

A product of the MetaQuotes Software Corporation, the MT4 platform is the most popular trading platform around due to its proven reliability. in addition, the platform is fully equipped with numerous functionalities and tools that enhances a trader’s trading capability.

Sirix Webtrader

Geared toward social trading, the Sirix platform is web based. features of the platform include:

 

  • Ability To Trade In Multiple Markets
  • Comprehensive Charting Package
  • Full Trading Journal
  • Real Time News Feed
  • Real Time Price Feed
  • Synchronized Trading With The Meta Trader Platforms
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Account Types


Trading accounts at Forex Broker Inc comes in three flavours such as:

  • Micro (ECN Account)
  • Standard (ECN Account)

Pro

One thing that really puts Forex Broker Inc apart from the rest of the other brokers is the fact that it only takes $5 to open a trading account with them.  The $5 minimum initial deposit applies to all three types of trading accounts.  The main differences between them are their lot size restriction and the spreads payable. Forex Broker Inc also announced that they are going to introduce a VIP status account soon. Perks of the VIP account include VIP services and welcome bonus of 120%. Loyalty bonus is also higher at 35%.

 

Commission & Spreads

Spreads from Forex Broker Inc starts from as low as 0.3 pips for major pairs. For the platinum account, the spreads starts from 1 pip. In addition to the low spreads payable, Forex Broker Inc also offers their clients a 15% loyalty bonus.

 

Customer Support

With 24/5 customer support availability, Forex Broker Inc clients need not worry about getting help. The customer support people can be contacted through Email, Live chat or the telephone.

 

Funding Options

Forex Broker Inc provides three major types of funding options for their clients. They include:

Credit Cards

  • Visa
  • Visa Electron
  • MasterCard
  • American Express

 

E-Wallet

  • Neteller

 

Wire Transfer

  • Through validated bank account

 

Deposits & Withdrawal

Deposits through credit cards are instantly processed and traders can deposit as low as $5 to $10,000. Deposits made by bank wire will take about 3 to 5 days to be fully processed. As for withdrawals, Forex Broker Inc claimed that it will take around 3 to 5 days for a withdrawal to be processed. The same amount of time also applies for bank wire transfer.

 

Pros

  • 1:500 leverage offered
  • Accept U.S traders
  • High welcome bonus
  • Low Minimum Deposit Requirement
  • Low spreads from 0.3 pips
  • Multiple choices of trading platforms
  • No fee payable for deposit and withdrawals

 

Cons

  • Spreads can widen during volatile period

 

Conclusion

So far in our review, we have found nothing to suggest that Forex Broker Inc is lacking in any way. They seem to offer traders almost everything under sun ranging from reliable platforms, high bonuses and low minimum deposit requirement. The only way for traders to find for sure how good they are is to try trading with them for a prolonged period of time.

 

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