Iceberg Forex Broker
Iceberg Forex broker was established in the year 2012 and they also started their online trading system the very same year so that their trading service gets accessible to traders all over the globe. They are ECN or STP broker and have been able to make a niche for itself in the forex market in very short span of time. They carry out a lot of contests which allows traders to gain capital. It has many features which the traders will like such as personal manager, who helps to manage the account well, the facility of placing the trade on telephone, hedging, trailing stops, pending orders, mobile trading and automated trading. The country is regulated by FSP in New Zealand. The payment is accepted only through wire transfer. The same applies for withdrawals as well. The currencies that are allowed in a trader’s account are Euro, Swiss Franc, USD and GBP. They do not allow traders from United States to trade from their account. Their website is available only in English but is highly informative.
The customer support service is available in two languages that are English and Hungarian. The demo account as well as the real trading account has Meta Trader 4 as the trading platform. MT4 is the most renowned and most used trading platform in the forex market and is loaded with lots of features. They offer 31 currency pairs to trade in and it includes all the major pairs. They offer ECN or STP accounts and the minimum deposit required to open an account with them is $3000 with minimum trade size of 0.1 lots. The trading instruments that are allowed are forex and Gold and Silver with a leverage of 1:100. The use of Scalping and Expert Advisor is allowed by the company.
Searching a right broker to start trading is the most difficult task. Reading reviews that are posted online by various users of a company is one of the best methods to know about its performance and quality of service that they provide. The low spread on the trade is liked by many traders as written in most of the reviews as it help them gain maximum profit. It being regulated by FSP is also liked by many traders.
They have a unique demo account where 100 Euro is given to the trader as virtual money which is used by traders to earn real money which can be used to open the real account with them. These features are liked by many traders. They also allow their traders to do hedging and are liked by many traders. Also they offer 31 currency pairs to trade in and are liked by many. Some of the cons or the disadvantages of trading with them is that their website is available in English and the customer support service is available in English and Hungarian language and is extremely helpful and responsive. Scalping is also allowed to the traders and is liked by traders who want to gain interest in short period of time. The average rating given to the company by its users is 5.8 out of 10 which speaks volume about its performance.