|Type of Broker||ECN , STP|
|Islamic Account (Swap Free)|
|Deposit Options||Bank Wire Transfer , Credit Card , Neteller|
|Withdrawal Options||Bank Wire Transfer , Credit Card|
Bonus & Rewards
|No Deposit Bonus|
|Bonus for First Deposit|
|Is the Bonus Based on the Volume of the Transaction?|
|Customer Support Languages||English|
|Customer Service Hours||24h|
|Place Trades Over the Phone?|
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.
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.
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
Trading accounts at Forex Broker Inc comes in three flavours such as:
- Micro (ECN Account)
- Standard (ECN Account)
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.
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.
Forex Broker Inc provides three major types of funding options for their clients. They include:
- Visa Electron
- American Express
- 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.
- 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
- Spreads can widen during volatile period
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.