FXCompany FXCompany Review

FXCompany  Review | Fxcompany.net - Metatrader Forex broker
3.0 5 RATING
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Headquarters: n/a

Country: n/a

Regulated by: n/a

Micro Account: 

minimum deposit: $1

minimum lot size: 1k

max leverage: 1:500


Standard Info: 

minimum deposit: $100

minimum lot size: 10k

max leverage: 1:500

 

Spread:

Variable, from 0.8 pips

 

Deposit/Withdraw

Credit card, MoneyBookers, Perfect money, Web Money, Liberty Reserve, Baltikums

 

Platform:

Metatrader 

 


What we think about FXCompany

FXCompany is a forex broker that is a bit shady when it comes to where it's based or who regulates it, however it does make it up in promotions and perks. 

 
New customers get a 50% bonus on their first deposits, and every subsequent deposit is topped up by 30%. 
 
Along with that, the broker is giving its biggest investors VIP treatment – anyone who deposits more than 50 000 USD / 50 000 EUR / 1 500 000 RUR automatically enters the FXCompany's VIP program, and can then enjoy a number of benefits like 25% lower swap, 5% interest on idle funds, personal account manager, priority deposits and withdrawal, etc. 
 
For the most competitive of traders, FXCompany runs various trading contests with decent prize pools – just as we speak, there are three competitions accepting registrations. 
 
Let's take a look at the trading conditions offered by the broker. The typical spread on EUR/USD ranges between 0.8 and 2 pips, which is ok. The maximum leverage you can trade with is 1:500 and there is no requirement for the minimum initial investment so you can start with as little as $1.
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Spread

 Variable spreads as low as 0.5 pips
Typical spreads:   EUR/USD -1.5 | GBP/USD –3 | USD/CHF -3 | USD/JPY –1.5

Pros

Cons

No Commissions 

Low minimum spreads

Spreads widen up during news releases 

Spreads widen during Asia Session 

Slippage

 

 

 

Pros

Cons

No slippage during normal market conditions

Slippage during news releases 

 

Requotes

Pros

Cons

N/A 

N/A 

 

Price feed

Pros

Cons

Fractional pips (5 decimal)

No stop hunting

No price manipulaton 

Some spikes

 

 

 

Platform

  

Pros

Cons

Metatrader 4.0

Very intuitive and easy to handle

Decent charts

Autotrading

Custom indicators

Mobile ready

Trailing stop is server based

No Web Platform 

 

 

 

 

Deposit/Withdraw

 

Deposit

Withdraw

Bank Wire

Webmoney

MoneyBookers

LibertyReserve

PerfectMoney

Credit/Debit Cards

Bank Wire

Webmoney

MoneyBookers

LibertyReserve

PerfectMoney

Credit/Debit Cards

 

Customer service

 

Pros

Cons

Customer service reps are always polite and ready to help

Phone

Request A Call

Live Chat

E-mail  

No

 

 

 

 

 

Summary

Pros

Cons

 

 

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