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ForexBroker Inc Review

Min. Deposit $5
EURUSD Spread as low as 0.3 pips
Regulator
US Clients? Yes
Platforms MetaTrader 4, SIRIX WebTrader, Mobile, SIRIX Tablet

Background

With so many new laws and regulations for foreign exchange brokers in the United States, it is no wonder that many of the very best firms have decided to exit the U.S. market and stop dealing with U.S. customers, altogether. Some of the larger firms have created specialty subsidiaries for this purpose, but if you want to find everything you want under one roof, it is difficult. Search no more. Forex Broker Inc. (FB) was established in 2012 to address this very issue, while also bringing the trading efficiencies of ECN/STP processing, coupled with the best in platform offerings and a host of promotions to beat the band.

Yes, FB is set up to deal with U.S. customers and anyone from 160 countries worldwide, or, as they put it, they offer full account privileges to citizens of every country. Forex Broker Inc. has its Head Office in Belize City, Belize, maintains an office location in the United States, and operates a satellite office in Malta. Live support is provided 24/5 via toll free numbers, live chat or email. You can easily trade over 50 forex pairs, CFDs and futures with this broker either online or mobile with the understanding that all trading modalities are synchronized at all times.

FB was founded by professional forex traders that have backgrounds in dealing rooms, as well as with large Interbank participants. They follow best industry practices by segregating client deposits from operating funds in client bank accounts with reputable EU banking institutions. The firm features a listing of client testimonials from a variety of websites on the Internet and is recognized for its uniqueness, many bonuses and promotions, and internal forex tournaments. As they claim, “We have created the perfect trading environment for aspiring serious traders to practice the skills and strategies required for profitable trading.”  

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Features

Why trade with Forexbrokerinc.com? The firm lists these reasons:

  • Real Account Minimum Deposit of $5.00(USD).
  • Full account privileges for citizens of every country, including the United States.
  • Three account classifications are offered.
  • No Charges for deposits or withdrawals (Can be made in EUR/USD/JPY).
  • Withdrawals are processed and forwarded to the financial institution within 24hrs of the withdrawal requests being received.
  • No re-quotes or slippage due to ECN/STP processing.
  • Hedging and Scalping are permitted (FIFO Rules not applied)
  • Ability to support an open position instantly (all Major credit cards welcome).
  • Low spreads, as low as 0.3 pips, but 1 pip is standard.
  • In addition to over 50 forex pairs, traders can also deal in spot metals, CFD’s and energies.
  • Fast market execution – 100% execution of orders in less than one second.
  • Mobile Trading
  • Mac compatible Trading (Mac OS X and above).
  • Quick, Simple and free registration ( Includes a demo account).
  • Exclusive 100% Welcome Bonus up to $2,000 +10% of initial deposit x3* for visitors of ForexTraders.com
  • Security of Funds through segregated client accounts; Excellent German Bank located in Malta.
  • Your own Account Manager.
  • Leverage up to 1.500 (Restrictions may apply to U.S. citizens).

* Traders receive an extra 10% of their initial first deposit to their account in each of the following consecutive months counted from the time of the first deposit.

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Platforms

Forex Broker Inc. offers a full suite of trading platforms, starting with the highly popular Metatrader4 system. FB offers mobile trading (Compatible with Iphone, Ipad, Android, Blackberry, Nokia Symbian and Windows Mobile) and also has a custom web-trading platform (called Sirix) that requires no download, is both PC and Mac friendly, and is fully synchronized with the FB MT4 and the FB Mobile Trader platforms. By “fully synchronized”, they mean that an order can be opened on any one of their three options and still be dealt with from any one of the three options, as well. Demo accounts are available for each platform. Access to the market is therefore independent of computer type, location, or time of day.

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Deposits and Withdrawals

Deposits and withdrawals are facilitated in the normal fashion by credit cards, local payment systems or wire transfers. The minimum deposit is $5, but the account may be in Euros, Dollars, or Yen. Withdrawal requests are handled quickly, but client documentation must be in line with international legal standards. For the same reason, deposits or transfers must be in the same name as the account set up – no shifting of funds may be made to third-party accounts. Wire transfers may take from 3 to 5 days, due to intermediaries in the process. The minimum wire transfer amount is 100 USD. No fees are charged for deposits or withdrawals, although third-party fees are outside of the control of FB.

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Customer Support

Live Support is available 24/5 for any client inquiries via email, tool-free telephone lines, or live chat. You will also be assigned your own account manager to help guide you through the set up process and then assist you with any questions along the way.

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Conclusion

Forex Brokers Inc. is one of the “new breed” that seeks to distinguish itself through excellent order execution following an ECN/STP operating model, low spreads and easy access, and a host of bonus programs, promotions, and interesting tournament competitions. They also follow best industry practice of segregating client deposits from operating accounts in safe and well-capitalized financial institutions. Favorable client testimonials abound, a testament to their early success, and the firm desires to appeal to traders in all countries, including the United States. If you are the adventuresome type that likes to go with a broker focused on your best interests, then Forex Broker Inc. may be what you are looking for in today’s highly competitive foreign exchange market.

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Best Features

Exclusive offer from ForexBrokerInc.com for ForexTraders visitors:

100 % Welcome Bonus up to $2.000
+10 % of initial first deposit x 3 *

* Only Traders signing up through this page are eligible to get this offer.
Traders receive an extra 10% of their initial first deposit to their account in each of the following consecutive months counted from the time of the first deposit.

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