INVESTING
Forex Brokers
Monitored brokers who operate on the Forex market so that you and other traders can access reliable information about each broker company
- Strong focus on security and adherence to regulatory requirements.
- 24/7 customer support available in multiple languages.
- Wide range of deposit and withdrawal options for convenience
- Support for over 10 main languages, catering to a diverse client base
- Tailored partnership program with personal account managers and marketing tools
- Not very well known
- Low Trustpilot score
In this review, we will examine FXopen, a well-known broker in the financial industry, and explore the features and services they offer. Our analysis aims to provide you with insights into FXopen's offerings to help you make an informed decision about their suitability for your trading needs.
- Reputable broker with a focus on security and regulation
- Wide range of trading instruments, including spot FX, commodities, shares, indices, and cryptocurrencies
- Negative balance protection for retail clients
- Multiple deposit and withdrawal options
- Regular trading contests and promotions
- Active customer support channels
- Limited availability for clients from the United States.
- Limited information on promotions and competitions on the website.
HFM, formerly known as HotForex, is a well-established forex and commodities broker that has been operating since 2010. Catering to both retail and institutional clients, HFM caters to a wide range of clientele, and offers diverse trading platforms, and tools to support traders of all levels. Let's see how their rebranding has had an effect and what they offer.
- Well-regulated by reputable authorities (FSCA, CySEC, and FCA)
- Offers MetaTrader 4 and MetaTrader 5 trading platforms
- Wide range of trading instruments (forex, commodities, indices, cryptocurrencies)
- Multiple account types to cater to different traders' needs
- Competitive fees and spreads
- Comprehensive educational resources for beginners and experienced traders
- Responsive customer support via Email, phone, and live chat (region-based)
- Attractive promotions and bonus offerings
- Loyalty program for active traders
- Not available in certain countries due to regulations and restrictions
- No "Contact Us" page on the website, which might deter some clients
- Some promotions have complex terms and conditions
- Limited customer support channels for certain regions
- Regulated by top-tier authorities
- Multiple trading platforms
- Competitive spreads and pricing
- Wide range of trading instruments
- No dealing desk intervention
- Excellent 24/5 customer support
- Rich educational resources
- Limited availability in some regions
- No US clients
- Inactivity fee
- Limited deposit/withdrawal options
- Risk of slippage
- No social trading
- High minimum deposit
- Regulated by top-tier authorities (FCA and ASIC)
- Negative balance protection on all account types
- Financial Compensation Scheme (FSCS) protection up to £85,000
- Wide range of deposit and withdrawal methods
- 24/7 customer support through various channels
- Partnership programs for Introducing Brokers and Affiliates
- User-friendly and intuitive trading platform (MetaTrader 4)
- Limited promotional and special offers for new clients
- Not available in certain countries due to regulations and restrictions
- No promotions currently available for retail clients
- Broker relatively new in the industry
- Offers a range of trading instruments, including forex, metals, indices, and commodities
- Provides several trading platforms such as MT4, WebTrader, and Mobile Trading Platform
- Offers various account types, including Demo, Standard, Pro-ECN, Mini, and VIP Trading Accounts
- Provides customer support through international phone number, email, and live chat feature
- Offers trading resources such as economic calendar, daily market analysis, and trading tools
- Provides partner and affiliate programs for business opportunities
- Offers deposit bonus promotions and special offers
- Limited information was provided on countries and regions where USGFX is not allowed to operate
- No information on the number of regulatory authorities overseeing the broker
- Lackluster "About Us" section with limited information on the company
- Limited educational resources for beginners
- No information on the broker's safety and security measures
FXPrimus is a global online forex and CFD broker that offers a variety of trading products and services to clients around the world. We will be reviewing this broker to give you a better understanding of what they offer and whether they are a good broker and right fit for your trading needs.
- Wide range of trading platforms: MT4, MT5, cTrader, and WebTrader
- Variety of tradable asset classes
- Different account types cater to various trading needs
- Offers negative balance protection on all accounts (except demo)
- Access to additional customer support channels for clients (Messenger, Whatsapp, WeChat, Zalo, Line, and Telegram)
- 24/5 live chat support
- Multiple deposit and withdrawal methods are available
- Limited educational material, mostly accessible through a blog
- No special promotions or incentives for clients
- Deposit and withdrawal options less diverse compared to other brokers
- Support via Messenger, Whatsapp, WeChat, Zalo, Line, and Telegram is not available to potential clients
- Restrictions in certain countries, such as Australia, Belgium, Iran, Japan, North Korea, and the USA
- Identical pages found when visiting different sections of the website
- Trading resources not readily available for potential clients
- Regulated by reputable financial authorities, including ASIC, CIMA, SIBA, and FSCA
- Multiple trading platforms to choose from, including MT4, MT5, ProTrader, and WebTrader
- A diverse range of tradable assets, including over 49 currency pairs, 25 indices, 51 ETFs, 22 commodities, and 800+ share CFDs
- Educational resources and trading tools to help clients improve their trading knowledge and skills
- Special promotions and bonuses, such as Refer a Friend, Deposit Bonus, and Vantage Rewards
- Straightforward funding and withdrawal methods
- Excellent customer support, including live chat and email
- Limited customer support options, including only one international phone number
- No negative balance protection offered
- Raw account type has a high minimum deposit requirement of $500
- No US clients accepted
- Spreads can be relatively high on some trading instruments
- Established in 1999
- Regulated by multiple authorities
- One account type
- Four trading platforms to choose from
- TradingView is available
- Copy trading is available
- MetaTrader is available
- Multiple websites depending on the region
- Websites can be confusing
- One account type
- Limited trading resources and educational material
- Limited assets list
- Founded in 2005
- Two account types
- ECN broker
- Low minimum deposit
- MT4 and MT5 are available
- Easy registration process
- Investor compensation scheme of up to 20,000 EUR
- Social/copy trading
- Only regulated by CySEC and MiFID
- Negative balance protection may only apply to ECN accounts
- Website is overwhelming
- Lack of trading resources
- Not many promotional offers
- Offer multiple trading platforms
- Mobile trading is available
- MetaTrader is available
- CFD broker
- Large asset list
- Founded in 2006
- Regulated by many top-tier authorities
- Largest telephonic customer support service to date
- Site is quite convoluted at times
- Can be difficult for beginners to navigate and understand
- Trading academy is for clients only
- Prices are industry average
- Offer MetaTrader 5 and 5
- The mobile trading app is award-winning
- There is a proprietary web terminal
- Opening an account is quick
- European and Swiss regulatory platforms
- Regulated by the FSA
- Been in operation since 2012
- Four account types to choose from
- Islamic account only applies to two account types
- Support is 24/5
- Demo account is locked behind a live account
- Trading resources and education is limited
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