ForexTrading.com Review

Although ForexTrading.com had just recently been launched in March 2012, its parent company, FT World Ltd is part of the Saxo Bank Group Ltd. In other words, the management team of this group are no newbies to the financial markets. The ForexTrading.com trading platform was introduced to the Forex market with the aim of providing private clients with a more reliable, transparent and trustworthy Forex trading platform.

According to FT World Ltd CEO Niels Vahman, ForexTrading.com aim to target “…the young and IT savvy client looking to trade in a simple, cool, high-tech, transparent and interconnected way. We aim at being the broker who provides them with a trading experience that is high in quality and low in complexity.”

ForexTrading.com currently offers their clients trades in over 60 currency pairs. The platform also allows ForexTrading.com clients to trade commodities like Gold and Silver.

Trading Platforms

For clients at ForexTrading.com, they have a choice of three (3) integrated platforms:

• Web Based platform
• ForexTrading Mobile Platform
• MetaTrader 4 Platform

Web Based Platform

With this platform, no software is required to be downloaded. This platform gives traders the flexibility to begin trading straight away without tweaking any software.

ForexTrading Mobile Platform

For those who always on the move, ForexTrading Mobile allows them to stay connected through their Smartphones and hence always stay on top of the market situation.

MetaTrader 4

Although the MetaTrader 4 platform required the software to be downloaded first before traders can start using it, it is still the preferred trading platform among most traders as they have the ability to customized the platform with third party solutions and automate their trading.

Other Trading Tools

• Prices Widget

In addition for the benefits of their clients, ForexTrading.com provided their clients with a widget that help to display the latest Forex prices in real time. The widget could also be setup to send the prices to an email address specified by the user.

• Forex Charts Widget

The Forex Charts Widget is a free charting package which allows users to study the price movements without having to pay any subscription fee.

• Economic Calendar

The ForexTrading.com Economic calendar provides users with an overview of the main economic activities that are happening during the week.

ypes of Trading Accounts

ForexTrading.com allows traders the benefit of a demo account before they actually start trading. Apart from the demo account, the platform only offers one type of trading account for the general public. For licensed account manager, ForexTrading.com has a special program that can be tailored made to suit the fund managers.

Commissions and Spreads

Like all Forex brokers, ForexTrding.com doesn’t charge any commission when you trade with them. Instead of commissions, they charge a spread. However ForexTrading.com is unique from the rest as the platform gives traders the flexibility of choosing the amount of spread charged with the Trade on Your Terms” program. Naturally, the higher the minimum deposit, the lower the spread is. In fact, ForexTrading.com have one of the lowest spread around for the EUR/USD currency pair.

Customer Service

As to customer support, ForexTrading.com provide the following methods for their clients to get in touch with them.

• Live Chat
• Email     info@forextrading.com
• Fax         +357 25 021 172
• Phone   +44 2036080259
• Normal Mail: FT World Ltd, P.O. BOX 56242, Limassol 3305, Cyprus

Reliability

As for their reliability with regards to the funding and withdrawal from the trading account, clients of ForexTrading.com can do this through Bank Wire or their Credit/Debit Cards. The only caveat for the withdrawal of funds is that the customer can only withdraw their money through the same way they deposited their funds. The fee for withdrawing by wire transfer is $10 for amount up to $1000. Withdrawal amount exceeding $1000 are charged a flat rate of just $20. Credit card withdrawals on the other hand, are charged a fee of 3.5%.

Pros:

Advantages of trading with ForexTrading.com include:

• 14 days Free Demo Account
• CFDs
• Downloadable Forex trading tutorial
• Economic calendar
• Expert Advisors
• Forex Widgets
• Gold, Silver
• Hedging
• Low Spreads
• Maximum Leverage: 200:1
• Min. Deposit $1
• Mobile Trading
• Segregated accounts for the protection of trading funds
• Web Trading

Cons:

With all the main issues taken off, it can be said that there is hardly any cons with ForexTrading.com platform.

Conclusion

As mentioned earlier, even though ForexTrading.com was just recently launched, the parent company, the Saxo Bank Group, had been around for the last twenty years. Furthermore, the brand owner of ForexTrading, FT World Ltd, a registered Cypriot company that is regulated by the Cyprus Securities and Exchange Commission (CySec). These factors definitely indicate that the company is legitimate concern and plan to grow so “…the new generation of traders can trust in this era of Individuality, Inclusivity and Interconnectedness.”