ForexBrokerInc Review

MIN. DEPOSIT $100
Up to 500:1
Up to $5,000 BONUS
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ForexBrokerInc
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Overview

Company Information Forex Broker Inc. is one of the rare online brokers nowadays that welcomes US based traders. As the American regulatory authorities are getting more strict in their rules,… more

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Details

BrokerForexBrokerInc
Website URLhttps://www.forexbrokerinc.com/
Founded2011
HeadquartersMajuro, Marshall Islands; Belize
Support Number+356 277 815 69; +1 800 217 67 07 (toll free)
Support Emailsupport@forexbrokerinc.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish
Minimum 1st Deposit$100
Minimum Trade Amount1 lot
BonusUp to $5,000
PayoutUp to 500:1
Free Demo AccountYes
Regulated Yes
RegulationInternational Financial Services Commission of Belize
Account TypesECN Micro, ECN Standard, PRO, VIP
Deposit MethodsVisa, Visa Electron, MasterCard, Neteller, Bank Wire
Withdrawal MethodsVisa, Visa Electron, MasterCard, Neteller, Bank Wire
Types of AssetsForex, Spot Metals, CFDs, Energies, Spreads and Swaps
Account CurrencyUSD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Forex Broker Inc. is one of the rare online brokers nowadays that welcomes US based traders. As the American regulatory authorities are getting more strict in their rules, it’s a huge win for an offshore brokerage company, such as Forex Broker Inc. to serve the US citizens. The firm was founded in 2012 and started its operation initially in Malta. However, later on, the main headquarters of the company are moved to the Republic of Marshall Islands. ForexBrokerInc is a fully registered and licensed online broker with incorporation number of 69615. The brand is owned by Gridley Enterprises SA with an official address at Ajeltake Road, Ajeltake, Majuro, Marshall Islands. The company has other branches located in Europe. Its payment services are handled by third party companies. The first one is known as Delinus Doo and based in Podgorica, Montenegro. There is also a UK stationed one by the name of Global Noble Services LLP that operates from London. Forex Broker Inc. seems to be an adequate choice for traders from every part of the world, but especially for the ones in the USA. Reliable online brokers that provide their services in America are the rare sight these days.

 

Trading Information

Forex Broker Inc. has a huge selection of financial instruments that will satisfy even the pickiest traders. More than 50 different Forex pairs are available including various majors, minors, and exotic currencies. Spreads on the most popular crosses start from 0.3 pips and leverage is capped at 1:500. CFDs are also part of the offering. The online broker provides access to the most liquid indices on the markets. Spot metals and energies (Gold, Silver, Oil and Gas) are free for trade as well. The spreads on these commodities are thin and flexible.

 

In addition to the exquisite trading conditions, Forex Broker Inc. provides three account type, and all of them are ECN profiles. They are called Micro, Standard, and Pro. As you can guess from the names, the Micro account is suitable for traders with little initial investment. The main difference between the different profiles is mostly the minimum trading lot and the spreads. According to the recent news from Forex Broker Inc., the company prepares to introduce fourth account type for their VIP members. Demo account is available for those who like to “test the waters” first.

 

Trading Platforms

The US-based broker does not take any chances with platforms and offers the traditional software in the industry – MetaTrader 4. The well-known trading platform is an attractive choice for the experienced traders. It’s equipped with almost anything that the client may need in his/her day to day trades. Scalping, hedging, and algorithmic trading are readily applicable via the MT4 platform, and Forex Broker Inc. allows these familiar tactics. MetaTrader 4 comes in two variations that are perfectly suitable for desktop and mobile devices.

 

Alternatively, the online brokerage company offers the Sirix Station. It’s another trading software with significant capabilities. It is extremely user-friendly and executes the order with lighting speed. Social trading is also integrated with the platform. Sirix is available on desktops, smartphones, and tablets. It’s also supported as a web-based application, which can be directly accessed through any browser.

 

Security and Customer Services

Forex Broker Inc. employs high-security measures across its website and servers. The broker uses SSL encryption certified by DigiCert on all the data, which passes through the website. As we’ve already mentioned, the company is financially stable and perfectly regulated. As it serves the US citizens, most regulative authorities continuously monitor the activity of the online broker and strictly supervise it.

 

Customer support is available 24/5 on various communication channels. Clients can get in touch with any representative of Forex Broker Inc. by calling a toll-free phone line or a satellite office in Malta. Email contacts of every department are also published. A live chatting system is open for any emergencies. The staff is friendly and always ready to assist the customers.

 

Deposits and Withdraws

Depositing funds to your account with Forex Broker Inc. is simple as child’s play. After the registration, you have to log in through the secure members’ area and choose the desired payment option. The methods are some of the most common and all of them are listed in the table. There is a minimum deposit requirement of $100 for each account type. The maximum funding is up to $10 000. Traders will be happy to learn that the processing time is instant on all the transactions, except for bank wire transfers. The waiting period there can extend up to 5 business days.

 

Withdrawals are also handled via the same methods. However, some additional fees will be applied to credit cards. If the client withdraws less than $500, the charge is $10. Transaction over $500 applies a tax of $20. All withdrawal options take from 3 to 5 working days. Only e-wallet transfers are instant.

 

Deposit Bonus and Loyalty Program

Forex Broker Inc. offers numerous bonuses for its new and existing clients. There are great deposit bonuses on the first deposit and the following as well. New customer can take advantage of the excellent conditions, which are different for every payment method. The promotion usually stays in the range of 20% to 100%. Traders who already partner with the online broker get smaller percentages on their deposits (from 10% to 35%).

 

Forex Broker Inc. organizes Free Roll Forex Tournaments on a regular basis with excellent rewards. The prize pool can go as high as $10 000 with many other extra gifts for the winners. The dedicated traders can earn a well-deserved VIP status with the US broker. The benefits that come with this honorable rank are countless. Better trading conditions, extra bonuses and many other rewards await those who participate in the loyalty program.

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