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MoneyForex MONEYFOREX FINANCIAL

Money Forex Forex Broker | MoneyForex Review & Rating |  moneyforex.com forex trading

Headquarters:  N/A

Country: British Virgin Island

Regulated by: None

Trader's rate 0
Editor's rate 1.3

 BROKER IS CLOSED

Mini Account:

  • minimum deposit: $250
  • minimum lot size: 10k
  • max leverage: 200:1

Standart Account:

  • minimum deposit: $2,000
  • minimum lot size: 100k
  • max leverage: 200:1

Platinum Account:

  • minimum deposit: $100k
  • minimum lot size: 100k
  • max leverage: 50:1

 




Latest news about MoneyForex

Spread

Variable spreads
Typical spreads EUR/USD - 3 | GBP/USD –5 | USD/CHF -4 | USD/JPY –4

PROS
CONS
No commissions
Wide Spreads
 
Spreads widen during volatile markets
 
Spreads widen during news releases

 

Slippage

PROS
CONS
No
Slippage under normal market conditions
 
Slippage during news releases
 

 

Requotes

PROS
CONS
Traders are able to set max market order slippage
Requotes during normal market conditions
 
Nearly impossible to get into market during news releases

Price feed

PROS
CONS
No
Limit orders do not activate when price go through them

Platform

 

PROS
CONS
No
Old-fashioned platform
 
Takes 3 clicks to open/close position
  
Poor charts
 
No Autotrading

Deposit/Withdraw

DEPOSIT
WITHDRAW
Wire Transfer
Wire Transfer
Credit Card
Credit Card
e-bullion
e-bullion

Customer service

PROS
CONS
Customer service reps are always ready to help
No Live Chat
Phones
 
E-Mail
 

Summary

 

PROS
CONS
Decent Customer Service 
Old-fashioned platform
 
Poor price feed
  
Wide spreads
 
Slippage under normal market conditions

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