Bforex Review
bforex Video Review:
Impression
bforex offers a large mix of FX trading, (45 pairs) but it also offers several different CFDs for stocks and indices, as well as gold, silver, and oil. Because of this, it is a good all-around trading solution for traders worldwide who are interested in trading various and diverse markets. It should be noted however, that the Markets.com dealer does not accept US-based clients.
Platform
bforex uses the well-known MetaTrader4 platform, as well as the Mobile version of MT4. The dealer also has a proprietary platform called PROfit.
Customer Service
bforex offers live chat, phone support, and a callback feature. There are numerous international numbers to call, and as such – numerous languages.
Reliability
Markets.com is considered to be a reliable dealer as it does thousands of transactions every week. The dealer has also been named “Best Financial Derivative Trading Provider 2010” by World Finance Magazine, and “Best FX Broker 2010 in Australia” by World Finance Magazine. This shows how important reliability and fairness is to this dealer.
Commissions and Spreads
There are no commissions as this dealer gets reimbursed through the spread in all markets.
Promotions
Markets.com offers deposit bonuses, and can add as much as $2,000 to a deposit depending on the initial size of the account. This of course is based upon a sliding scale and could be changed at any time. Make sure to check on the website before opening your account to see what kind of bonus you may be able to receive.
Conclusion
bforex is a good all-around dealer if you are looking to trade FX, as well as other markets. They have time-tested technologies in the MetaTrader 4 platform, and can be counted on to deliver various markets from around the world in a one-stop shop for traders to take advantage of the various opportunities available to traders in the markets.
Pros:
- Fixed spreads. This keeps the spread tight, which is one of your biggest expenses as a trader, and allows you to also profit from spreads as well – if they choose to news trade.
- The MetaTrader 4 platform is well-known and reliable. It has been being used for years, and is very stable. The proprietary platform is also well-known for being reliable as well.
- Accounts can be started with as little as $100.
- The deposit process is simple and quick, as you can use Credit Card, Diner’s Club, JGB, Maestro, and Delta to fund your account. Withdraw can be done in reverse.
Cons:
- Americans are not accepted.
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Bforex User Reviews
Not bad at all. I joined six months ago and I’ve liked getting to know bforex. I’d say that their customer service is OK but their platform is great once you get it customized.
Pros:Make your own platform Super high leverage Mobile Alerts
Cons: No scalping No trailing stops
I’ve been working with bforex for years. I love their platform. Nothing else comes close in terms of customization. That’s why I can trade exactly how I’d like. I like their low spreads in Europe, especially the 3 pip spread on the EUR/CHF.
Pros:Customizable platform Low spreads
Cons: Paypal not accepted
I joined bforex because they said their trading platform was adaptable. It really is and I enjoy it quite a bit. You join, learn the platform, start trading and bob’s your uncle.
Pros:Adaptable platform 1 click executions Clear statements
Cons: Somewhat high spreads No checks
As a new trader I like that bforex has lesson to teach me how to trade oil. I do not like that I studied the lessons and still didn’t make money. There is a bunch of technical analysis
Pros:Taught me how to trade oil Built in technical analysis
Cons: I didn’t make money on oil I don’t know how to interpret technical analysis
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