FXUniversal Broker Reviews: Forex Broker Inc.


History and Regulation

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Forex Broker Inc dates back to 2012 and has its headquarters in Malta. The company is an unregulated entity offering both ECN and retail accounts.

The broker accepts customers from anywhere in the world including U.S. residents.

Offered Products and Platforms

You can trade with the most popular pairs along with a limited number of CFDs. For those who are looking for a wide range of assets, Forex Broker Inc. could look a bit short on offerings.

As for the platforms, Meta Trader 4 is here besides a dedicated iPhone solution, the Sirix tablet platform, and a standalone Sirix Webtrader. The proprietary software is advanced with all the modern features that traders could need from beginners to professionals. With a universal account, you can sync your trades between the platforms easily.

Spreads, commissions and other fees

Spreads are variable for all account types, but low on average according to the company’s statistics (less than 1 pip) and can get as low as 0.3 pip. Fix commission ranges between 1-1.5 pips. There seem to be no hidden costs associated with the accounts.

Extras

  • Good account opening promotions, low capital need
  • Free education material
  • Various ECN and retail accounts for different needs
  • Free transfers

Our Recommendation

For U.S. residents looking for a full-leverage account, Forex Broker Inc is a good choice although the limited offering might be disappointing for some traders. The lack of regulation could also scare some investors, but the beginner-friendly opening conditions are great.

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User Ratings for Forex Broker Inc.

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