Then, I open up a real account and started losing money. And went back to my demo account for a couple of months and the outcome was outstanding.. As soon as I go back to my live account, I started losing money again.. Pros: Amazing! Cons: Boo! Thank you Forex! I'm sure there must be a simple explanation to this silly oversight! This was the first Forex Company I ever opened account at. After practicing trading for a few month, I open a live account and start losing money. Fast forwards about 8 months later, I decided to start trading again and found that 2 of my live account were now closed.
If there is no actively on the live account in 2 months, non activity fees will eat at your balance.
After the rep explained this to me, he then asked if I wanted to open another live account. It was at that point I realized this employee might be on drug or retarded. And, how the heck is my balance coasting this company to hold? If anything they are making money of my dormant account balances.
Forex.com Review 2021
Just blows my mind. First, allow me to say that I am a little skeptical of many reviews on this particular category for Forex. If you cannot spell or speak correctly, I doubt your ability to make educated trades. Second, regarding Forex.
Description
I also was happy to find what seemed to me at the time a reputable organization. I began trading with about dollars in my account as an initial deposit. As I began to learn more about the forex market, I delved into exactly how profits are made from such organizations like Forex. I was a Mathematics major in my younger days, and have a wide knowledge of legal jargon. The bottom line is this - Forex.
How does Forex. They know they engage in unfair business practices It is the oldest trick in the book - "lets bend the rules a bit to make extreme profits at the disadvantage of our customers , and when we are caught by the authorities, we pay the fines, and still have MILLIONS in profit". In other words, "who cares if we get caught, we can afford it!
They are not going anywhere. The government of the USA loves taxes from organizations like Forex. I give Forex. Lastly, I leave you with a quote that maybe you heard of in your younger years, that has direct relevance to this issue. Lousy customer service. After 2 weeks, I still have not received my withdrawal that I requested. Open account with Forex. Also half of winning Trades are cancelled and disappears from my accounts! When I asked for withdrawal, accounts get Terminated!
All traders can benefit from their trading environment app store to customize every aspect of their platform Automated trading is unavailable, which is why the MT4 trading platform is supported. Regrettably, merely the most basic version, is presented to traders.
— Verified Reviews from Actual Clients — TradingView
WebTrader is the recommended platform for traders without the need for sophisticated trading applications. The MT4 trading platform is offered, without the required third-party plugins to unlock its full potential. No further details are available. Education is missing from auxiliary trading services.
This broker is unsuitable for new traders, and given its structure of services, and it is clear from the fact that better services are available to higher value traders, that Trade. Clients may engage via e-mail, use the webform, launch live chat, or reach out through WhatsApp.
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It is essential to have quick access to a representative in case of emergencies. Per standard operating procedure, an online application handles new account openings. An e-mail address and password grants access to the back-office. Account verification of new traders is mandatory through a copy of the trader's ID and a proof of residency document.
Most traders will find this acceptable, but the lack of modern payment processors is disappointing. Company Information Broker's Name : Trade. Therefore, it is a legit brokerage. Unfortunately, the extremely high trading fees make this broker an unsuitable choice for any trader. This broker is not positioned to handle new traders, while advanced traders will be served better elsewhere. Potential remains, but a complete overhaul of the business model is required.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Did you have a good experience with this broker?
A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted. Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted.
Comments including inappropriate, irrelevant or promotional links will also be removed. How we rank DailyForex. Don't just trade with any broker, trade with the best! Check out the best brokers list for ! Website trade. Country Cyprus. Established Maximum Leverage Advertiser Disclosure. Affiliate Disclosure DailyForex.