Forex Metal Broker Review

Name of the Company Forex- Metal
Established In 2005
Online since 2005
International Offices Panama
Payment Methods CashU, Credit/debit cards, Liberty Reserve, Moneybookers, Pecunix, Technocash, WebMoney, Wire transfer
Demo Account and Platforms Meta Trader 4
Account currencies Australian dollar,Euro, Great Britain pound, Japanese yen, United States dollar
Different Currency Pairs AUD/CAD  AUD/CHF  AUD/JPY

AUD/NZD  AUD/USD  CAD/CHF

CAD/JPY  CHF/JPY  EUR/AUD

EUR/CAD  EUR/CHF  EUR/CZK

EUR/GBP  EUR/HUF  EUR/JPY

EUR/NOK  EUR/NZD  EUR/PLN

EUR/SEK  EUR/USD  GBP/AUD

GBP/CAD  GBP/CHF  GBP/CZK

GBP/JPY  GBP/NOK  GBP/NZD

GBP/SEK  GBP/USD  HKD/JPY

NOK/JPY  NZD/CAD  NZD/CHF

NZD/JPY  NZD/USD  SEK/JPY

SGD/JPY  TRY/JPY  USD/CAD

USD/CHF  USD/CZK  USD/DKK

USD/HKD  USD/HUF  USD/JPY

USD/MXP  USD/NOK  USD/PLN

USD/SEK  USD/SGD  USD/TRY

USD/ZAR  ZAR/JPY

Regulated or Registered By
Are US Traders Allowed? Yes
Any Bonus? (detailed)
Languages in which website is available Arabic, English, French, German, Indonesian, Russian
Languages in which support is available Arabic, Chinese, English
Different Support Methods Email, Live chat, Phone, Skype, Web form
Types of Account (micro standard executive islamic) Standard, professional, FX Edge ECN
Minimum Deposit in Accounts $1
Minimum position size 0.01 lot
Type of Spread Fixed
Minimum spread on EUR/USD, pips 1.8
Is Scalping Allowed Allowed
Is Use of Expert Advisor Allowed Allowed
Types of Trading instruments (GOLD; CFD, etc. and the leverage) Forex = 1:200, CFD = 1:100
Real Trading platforms MetaTrader 4
Digits after the dot in quotes 5
Total Number of Currency Pairs 53
Any Bonus offers Yes
Any MAM accounts Yes
Any Segregated accounts Yes
Islamic accounts available Yes
 Is  Hedging Allowed Yes
Facility of Overnight interest rates (swaps) Yes
Do they have Trailing stop Yes
Do they have Pending orders Yes
Mobile trading Allowed Yes
Automated trading Present Yes

forexmetalWith a professional team of traders with many years of experience Forex Metal started their brokerage company in the year 2005 and started its online trading service the very same year. The company does not charge any commission on the trade that its clients do. The leverage on the trade instruments in general is 1:200 but a client can avail the facility of a leverage of 1:500 if they make a deposit of $500 to their accounts. They have many lucrative bonus offers which add to the funds of the traders. The segregated account is available which makes sure that the company’s fund and the trader’s fund are kept separate. Islamic accounts are there for the Muslim traders who follow Islamic laws of trading. With mobile trading the traders on move can keep in touch with the market and also do the trading. Automated trading facility helps the trade to be placed automatically as per your instructions. They have many payment options available which makes transfer of money both in and out easy and hassle free.

The account currencies allowed by the company are AUD, GBP, JPY and USD. They offer more than 50 currency pairs to trade in which are listed and are also on the currency charts which helps the trader to do the forex trading successfully. They have three different types of accounts which include Standard, Professional and FX Edge ECN and the minimum amount required to open an account with them is $1. They have a fixed spread and the minimum spread is 1.8 pips. Fixed spread on the currency pairs allows traders to know the cost of the trade before placing the order. The trading platform for both demo and real trading account is Meta Trader 4 which is a well- known and reputed platform in the forex market.

The reviews for Forex Metal broker are very positive which shows that they have many happy and satisfied customers. They have various features which are liked by the traders and the most loved features include the reliability, easy to use trading platform and easy deposit as well as withdrawal process. Their customer support service is liked by many and is found to be extremely responsive and friendly. The process of account opening is found to be very easy with Forex Metal. Scalping and the use of Expert Advisor are allowed by the company and many traders like this as it helps them in maximizing their profit.  The minimum deposit required to open an account with them is just $1 though they will need funds to start trading. Their website and customer support service both are available in many languages and hence are very helpful for all those who do not know English. Many traders like the fact that they allow traders from US to trade from their accounts. The only disadvantage is that the leverage on the trading instruments is very low. The average rating given to the company by its users is 5.6 out of 10.

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