|Offices in:||FT World Ltd, P.O. BOX 56242, Limassol 3305, Cyprus|
|Payment options:||Debit card,, credit card, Bank Wire transfer|
|Demo Platforms:||Free for 14 days and is not extendable|
|Account currencies:||USD, EUR, GBP|
|US Traders welcome?:||No|
|Website available in (languages):||English|
|Support available in:||English|
|Support methods:||Live Chat, Phone, Fax, email|
|Account Types (micro standard executive islamic):|
|Minimum account size:||$1|
|Minimum position size:||0.01 lot|
|Minimum spread on EUR/USD, pips:||0.8 pips|
|Trading instruments (GOLD; CFD, etc. and the leverage):||Gold, Silver, CFDs, Forex|
|Number of currency pairs:||60|
|Trading platforms:||MetaTrader 4|
|Trading by telephone:|
|Islamic accounts available:|
|Overnight interest rates (swaps):|
ForexTrader.com got launched recently in the year 2012 in the month of March. However, its parent company FT World Ltd is part of Saxo Bank Group Ltd. This means that the management of the ForexTrader.com is not new but experienced in the financial market. The trading platform from Forextrader.com was offered to the clients with the aim of providing a reliable, trustworthy and transparent platform. They offer about 60 currency pairs to trade in. The clients have been given a choice of 3 integrated platforms which are web based, mobile platform for forex trading and MetaTrader 4 platform. If the client chooses to use web based platform then no software download is required.
Those traders who like to trade even when they are on move can download the mobile platform on their smartphone and stay connected to the market. They do not have any commission on the trade that you do with them. They make their profit on the spread. However, ForexTrader.com is unique from other brokers as it allows its customers the flexibility of choosing the amount of spread that can be charged on each trade on your own terms. Thus, with them higher is the deposit lower will be the spread. ForexTrader.com in fact have the lowest spread on the EUR/USD currency pairs.
The withdrawal with ForexTrader.com is very easy and only thing is that you can withdraw in the same method in which you have made the deposit. The charge on withdrawing using wire transfer is $10 up to $10,000 whereas amount above that is charged flat $20. However, if you withdraw using credit card then the fee charged is 3.5% of the amount withdrawn. The customer service is very responsive and is available on phone, fax, email and live chat. They are regulated by CySec and hence are very reliable.
The company has already got review online and most of them speak well about them. Within a short period of time there are many happy customers. The reviews say that the free demo account for 14 days is a great relief as it allows them to understand the platform better before they plan to go for investment with the company. They are also gaga about the various tools provided by them. Many of the traders are assured by the fact that they are regulated and are backed by a company which is strong financially. The reviews also show that the spread on the currencies is lowest in the market helping the customer get more and more profit. Many love the fact that they allow expert advisor. They allow trading in CFD, futures and not only the currency pairs. Some of the cons mentioned is that they do not offer much deposit and withdrawal methods and that they do not have PayPal as one of the payment methods. Rest all are positive reviews about the company and already have many clients speaking good about them. The overall rating is 4.7 out of 5 and it speaks about the company’s reliability.» Sign up now