FXPulp Forex Broker review
|Payment options||Bank Transfers, MoneyBookers, Netteler, credit cards and Online funding|
|Demo Platforms||Meta Trader 4, CITTrader|
|Regulated by||CySEC, FSA (UK)|
|US Traders welcome?||No|
|Bonus? (detailed)||Welcome bonus of 35% for intial deposit of $250. Bonus cannot be withdrawan, only the profits.|
|Account Types (micro standard executive islamic)||Micro, Mini, Standard and VIP|
|Minimum account size||$0|
|Minimum position size||0.01 lots|
|Minimum spread on EUR/USD, pips||0.5 Pips|
|Trading instruments (GOLD; CFD, etc. and the leverage)||Stocks, Futures, Indices, Metals and Forex. Maximum leverage is 1:500|
|Trading platforms||Meta Trader 4, CITTrader|
FXPulp forex broker is based in Cyprus, Limassol and is reputed in the forex market and provides its customer the access to the FX market by providing some major currencies, futures, stocks, precious metals and energies to trade in. The company is regulated and Licensed in Cyprus by CySEC or Cyprus Securities and Exchange Commission which operates in the European market under the MiFID and is also a member of ICF or Investors Compensation Fund. They are also registered and regulated in UK by FSA. They have various payment options which include bank wire transfer, credit cards, online funding , Nettler, MoneyBookers and direct deposit to the banks and the company makes sure that the clients do not face any problem while making deposit as well as during withdrawals. You can have only United States Dollar as the account currency. They also have various bonus offers which include welcome bonus which can be as high as 35% of your deposit amount. However, the clients cannot withdraw the bonus amount but only the profit.
They offer free demo accounts to their customers and the trading platform there is Meta Trader 4 and CITTrader which is in house trading platform. Meta Trader 4 is a well-known trading platform in the forex market and is also the most reputed. The various accounts offered by the company is mini, micro, standard and VIP accounts. There is no minimum deposit required to open micro account with the company. However, to open mini account you need a deposit of $50, for standard account $500 and for VIP account it is $100000. The various trading instruments offered include stocks, metals, futures along with forex and the leverage is 1:500. Hedging is allowed to their customers. The spread varies from 0.5 pips and the minimum position size is 0.01 lots.
The reviews are the best way of getting to know about the real performance and the quality of service offered by the company to its customers. They have many bonuses for their customers which are offered time to time and are liked by many. The recent bonus is the welcome bonus which is as high as 35% and can be availed for a minimum deposit of $250. They offer different types of account and to the clients do not require having any deposit to open a micro account with them. They offer trade in stocks, indices, energies and metals along with forex and the maximum leverage offered is 1:500 and is liked by many traders. Their trading platform is also liked by many as it has several features and helps in fast execution of trade. Some of the cons mentioned in the reviews are that they allow only USD as the account currency. Also, the payment options are very limited and do not include options like PayPal. However, the overall review seems to be very positive and the average rating given to the company by its users is 3.2 out of 5 which is pretty good score.