FXCompany Broker review

If you are looking for trading services which are innovative and offers forex trading as well as Stocks, CFDs, futures market and precious metals then FXCompany is the answer. The company was established in the year 2004 and it started its internet based online trading service since then. They have their office in Mauritius and have many features like placing the order via telephone and PAMM accounts. They also offer Islamic accounts for all the Muslim traders who follow Islamic laws on trading. The payment, whether it is deposit or withdrawal can be made through Liberty Reserve, MoneyBookers, Perfect Money, WebMoney and Wire Transfer. With so many payment options in hand the deposit and withdrawal process becomes very easy and hassle free. They offer 86 currency pairs to their customer to trade forex and it includes all the major pairs. Their website is multilingual and is available in 8 languages whereas their customer support service is available only in 6 languages.

They also offer free demo account which is limited to 60 days of use and the trading platform that can be used is Meta Trader 4 and Meta Trader 5. Meta Trader 4 is the well-known trading platform in the forex market and is also the most preferred. Meta Trader 5 is the newest version and is still in its infancy. However, it is considered to be an improved version of Meta Trader 4 and will further simplify the trading experience. They offer two types of trading account which are Micro and Standard account. The minimum amount required to open a micro account is $1 whereas to open Standard account it is $100. The minimum position size for the micro account is 0.01 lots whereas for standard account it is 0.1 lot. For micro account the maximum account size is $1000.

The most daunting task if you are looking to start forex trading is finding the right broker. The best way to know about the company and its performance is to go through its reviews posted online by the users. The reviews of FXCompany posted online are good and many of them like that they offer 86 currency pairs to trade in. This is liked by many users as it gives them a large number of options to choose from. Other than forex they also allow them to trade CFDs, precious metals and in futures market. The best thing about the company is that the minimum amount required to open a micro account with them is only $1 and for Standard account it is $100. However, some of the cons of trading with them is that the spread is variable and that the execution of trade is not very fast as mentioned in some reviews. Some have also mentioned that the withdrawal of money is a tedious task. However, the overall review is good and the average rating given to the company by its users is 4.6 out of 10.

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