FXUniversal Broker Reviews: Forex Broker Inc. 4


History and Regulation

22
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.

Click here to instantly start trading >>

Let us know what you think about eToro and rate your experience in the comments section!

User Ratings for Forex Broker Inc.

Design
3
Spreads
3
Support
3
Overall Rating
3
Average
  Loading, please wait yasr-loader

Leave a comment

Your email address will not be published. Required fields are marked *

4 thoughts on “FXUniversal Broker Reviews: Forex Broker Inc.

  • XXX Trader

    I read very bad reviews online on different forums about this broker but for me, Forex Broker INC is one of the best brokers and they are better than what I expected before I start trading with them. Their customer support is of top quality and also their marketing staff is very professional and solve your issues quickly. I never face any difficulty while withdrawing my funds. Another good thing about this broker is that they offer bonuses to new and older customers.

  • Hafeez Vazeer

    Forex Broker Inc is one of the brokers who offer very generous bonuses to both new traders and experienced traders. I know for some people bonuses are not important but believe me if you know some strategies you can make some very good profits through these bonuses. I am one of the traders who use broker bonuses to make some very good money and I have been doing this since last 2 years successfully. It’s good for newcomers to start trading with some bonus because bonuses give you physcological confidence which can boost your performance.

  • Kitkat

    I have been using this broker for 6 months. I am scalper and trade mostly in gold and I also use some EAs for trading and so far I have never experienced any issue with this broker. The thing I like most about them is that you can easily use different strategies and EAs for trading and unlike other brokers; they do not stop you from using expert advisors and also from copying trading software.

  • Tango Trader

    Forex broker Inc. is good broker especially if you know how to play with bonus given by your broker. I am happy with them. It’s one of the 3 brokers I am using currently. Their dedicated customer support is very good and helpful.