Our Review of ForexBrokerInc
ForexBrokerInc constantly strives to offer their customers the best technology and market advice in relation to trading foreign currencies. With various account options, weekly financial webinars, and the option to trade Forex, Spot Metals, CFDs, or Energies, ForexBrokerInc is a quality online broker.
Spreads and Commission:
Spreads are as low as 0.3 pips with Platinum and Gold ECN accounts, while they are set at 1 pip for Variable Spread Accounts. There is no commission on the VSA account, but there is a 1.5 and 1 pip commission on the Platinum and Gold accounts respectively.
Leverage can be set anywhere from 1:1 to 1:500 on Gold accounts and 1:1 to 1:200 on Platinum VSA or ECN accounts.
ForexBrokerInc recently launched a limited time offer where new applicants can apply for a VIP account. The perks of a VIP account are no charges on wire transfers, a 60% welcome bonus and a 35% loyalty bonus on initial deposits. The minimum deposit for a VIP account is 500 US Dollars. Only American and Japanese customers are eligible for this offer.
Regular customers are given a 30% welcome deposit bonus on all initial deposits of at least $100.
ForexBrokerInc is not regulated by any official or unofficial financial commission.
There is a straight choice between the SIRIX FB Webtrader and MetaTrader 4 on a PC or Mac, while mobile users can select the SIRIX Tablet edition, FB Mobile Trader or MT4 Mobile Edition.