The future is here – is a statement that many who are dealing with the business of trading Forex, binary options, equities and similar notions will tell when discussing modern economic systems all over the world. For the 10 years, the popularity as well as the ratio of Forex trading in the global economy has significantly increased during that time with every single year. Today, trading currencies or foreign exchange is one of the most popular activities for those who want to trade or make some money by risking a bit. Parallel with the development of the Forex trading, many people have looked for better and more successful ways for trading currencies with more chances for earning money. In that sense, many different brokers for Forex trading have appeared offering their services and software for the clients advertising themselves as the safest and the quickest method for earning a lot of money by trading currencies. Even though there are many brokers that are nothing more than just a scam and a fraud, there are also those are genuine, reliable and trustworthy brokers that actually help their clients. One such broker for trading Forex that has been gaining popularity recently in the TradingForex broker.
Forex Brokers We Recommend
|$ 50||Check Website||Review|
Background and Regulation
TradingForex is the company that deals with providing their clients with the Forex services. The headquarters of this company are in Limassol in Cyprus. TradingForex is actually a part of the Cyprus Investment Firm familiar under the name TTCM Traders Trust Capital Markets Ltd and that has been regulated and licensed by the CySEC or Cyprus Securities and Exchange Commission. Besides being licensed for operating in Cyprus, this broker is also licensed to operate in many other countries through the authorization by EEA or European Economic Area including the United Kingdom. Being regulated and licensed by these agencies means that this broker for Forex trading will have to respect all the regulation set forth by these agencies. It is very important to mention that while were researching this Forex broker we found out that there is another company or broker that is operating under the name of Traders Trust Capital Markets Ltd. However, the Financial Conduct Agency from the UK has identified this company as the clone firm. Because of that, traders need to be careful when choosing TradingForex as their broker for Forex trading. Many Forex brokers depend on the brand names but not the successful evaluation by the clients. This, however, is not the case with TradingForex broker.
TradingForex broker provides their clients with the opportunity to use one of the best platforms for Forex trading that can be found in the market and that is the MetaTrader 4 or MT4 platform. This platform provides users with many different advantages that include:
- Trading with only one click
- Provides the users with the good selection of the already installed indicators
- It works perfectly on many different devices including mobile devices such as mobile phones and tablets
- It provides very good selection of tools that the client can use for analysis as well as the setups that include multi-charts
With everything that was previous mentioned and many others, the MT4 platform enables traders to have many successful traders when using this platform.
TradingForex Account Types
In order to make their clients satisfied with the trading experience while using this broker, TradingForex has provided four different types of accounts with specific features for their clients. These accounts are:
- STP or ECN account – this type of the account requires the client with the minimum opening account balance of $1000. Besides that, this type of account provides clients with the opportunity to use both USD and EUR for trading with this broker for Forex trading. This account also provides the client with the leverage of 200:1 as well as with the opportunity to trade with 38 currencies.
- Islamic account – This type of account does not provide any chargers for the swaps. However, it will charge the storage fee of $5 for one day of storing with this sum going up to $15 for some unusual pairs of currency.
- The third type of account is the All-inclusive account and similarly to the STP account it requires the minimum opening balance of $1000. The minimum size of the trade allowed by this account is 0.01 lots without any commission charge. The leverage with this account is 1:200 and it also provides the clients with the opportunity to trade with 38 currencies.
- MAMM account – this type of account provides the client with the opportunity to manage bigger number of different accounts and it makes those accounts easier to managed as well as it makes them more efficient.
Besides the already mentioned types of accounts that this broker is providing their clients, TradingForex also provides the demo account that the clients can use in order to test what this broker for Forex trader is offering. Additionally, TradingForex provides their clients with the MT4 iPhone platform as well as the same platform for iPads enabling clients to use their mobile devices for Forex trading.
Unlike some other brokers for Forex trading, TradingForex broker provides their clients with many different bonuses and promotions that make the experience of trading with this broker much better and more reliable and successful. These bonuses and promotions are provided for the experienced traders as well as for those who are just starting with the trading of currencies. Clients are able to use these bonuses and promotions to increase their chances of earning money as well as to increase the amount in their accounts.
Following the trend set forth by many reliable, trustworthy and successful brokers for Forex trading, TradingForex trading provides their clients with the opportunity to use many different banking options in order to deposit and withdraw the funds from their accounts. These banking options or banking methods include different types of Credit and Debit Cards such as Visa and MasterCard. Besides the Credit and Debit Cards, this Forex brokers provides their clients with the opportunity to use Wire Transfer for depositing and withdrawing funds. Even though the selection of banking options might not be as big as with some other brokers, it still provides their clients with more than necessary methods for managing funds.
TradingForex broker provides their clients with the customer support services that are available for clients at any time of the day. Clients can use the phone, e-mail or the live chat on their web site to contact the customer support of this Forex broker. It will not take long for your request or demand to be process and you will soon hear from the people from customer support reporting that the issue has been resolved.