Forex brokers rating. Find out what brokers traders trust.

This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

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CompassFX reviews

6/10 (votes 2374)

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On-line since: 1990
Country of origin: USA
Regulation: NFA
Payment options: -
Minimum account size: $250
Minimum lot size: 0.01 lot
Leverage: 1:200
Spreads: fixed, floating

Compass FX is a trading educational company headquartered in Richardson, Texas. Since its foundation in 1990, Compass FX has been providing unparalleled customer service, offering all possible navigation methods in the world of commodities and Forex. The company is proud of its analytical research and other achievements in the area of finance. The primary mission of Compass FX is to help clients become successful traders and investors. At the same time, Compass FX is not a direct-access broker. The company offers to conduct trading with the following brokerage firms: Forex.com, FXCM, DirectFX, FXDD Global, and Tier1FX.

Trading conditions

Compass FX clients can trade almost 20 currency pairs. The minimum deposit is $250. It is possible to start trading on a demo account. As for live accounts, a standard account and a micro account are available. Compass FX provides reliable and fast execution of orders. The highest level of leverage is 1:200. This is enough to trade in an aggressive trading style.

The website of CompassFX features a Forex trading training section. There are no deposit bonuses and contests.

Trading platforms

Compass FX clients can conduct trading through the MetaTrader4 platform. The company provides its customers with access to several custom indicators developed to work with MetaTrader4.

Support service

Compass FX`s customer service team offers qualified assistance by phone, fax, or email.

Deposit and withdrawal of funds

The company`s website does not contain any information about the ways to deposit and withdraw funds.

Feedback from traders

There are positive, neutral, as well as negative reviews about the company on the web. Traders leave negative comments on the work of the support service and disruption to the Client Area. Besides, speculators complain about high spreads. Some traders cannot make Compass FX stand out from other companies. Nevertheless, traders comment positively on the choice of trading instruments and a fairly informative training course.

Advantages and disadvantages

Advantages:

licensed broker
user-friendly trading platforms
training course available

Disadvantages:

no information about deposit and withdrawal methods
high spreads
uninformative website

Conclusion

Compass FX is a US firm which acts as a mediator between traders and brokers. It offers to trade with such brokers as Forex.com, FXCM, DirectFX, FXDD Global, and Tier1FX. At the same time, the company sets its own trading conditions. Feedback from traders is mixed: some clients have a fairly positive view of their cooperation with Compass FX. However, a number of negative comments on some problems in the company`s work do not allow us to say that Compass FX`s reputation is impeccable. If you want to find out more about the company, refer to English-language sites with more detailed reviews on the Internet.

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Comments about broker

Milen trader

review CompassFX

22-08-22

Their platform are integrated with the auto-trading system, analytical tools or indicators. So the trading journey with the fixed spreads and their trading system can work well. While I haven't had any delay withdrawals issues with them and all withdrawal requests have happened within time. That's why I recommend Compass Fx to professional forex traders. Every trading bring me almost 50% profit with only $100 minimum deposit, I feel it is very affordable.

Syeikh trader

review CompassFX

11-11-21

It has so many instruments to trade with and the possibility to learn is great. Their support is really a support team more like, because if you have some problem they will be over the head to give you the correct answer. I made about $575 profit in 3 months of trading and the withdraw process was easy. Another advantage is that Compass Fx works with many payment systems and you can deposit account in any convenient way. Withdrawal is fast, no matter what is your account type or sum of money to withdraw. Recently I have made a deposit with my own money. I definitely advise you to trade with this broker. You won't regret it

Jasmine trader

review CompassFX

23-06-21

What I did not like about Compass FX is their lack of payment options. The methods are very limited and I don't want to link my bank account for security purposes but they also don't accept payments from my e-wallet. Sadly, because of this, I did not invest at the broker anymore.

Smiron trader

review CompassFX

12-05-21

I've got frustrated with CompassFX broker. It looks like it is impossible to withdraw my funds from here. It's been one months since I sent a request of $650 through Bank Wire. Talking to their staffs does not help at all. They don't respond immediately. Feels like I will not be able to get my funds anymore.

Waton trader

review CompassFX

18-02-21

They provide good service at all and pltaform execution is fair. I’ve traded at Compass Fx, I like a lot of their trading instruments. I decided to test this company around 4 months ago because there were many positive reviews on it in the internet. After testing with a small deposit for a couple of weeks, including money withdrawal, I decided to trade there. It completes more than others. Indeed, this broker is fair and don’t against us to make profit there. their platform is quite good and trading conditions reasonable, I usually make deposit via Web Money and it processes properly, I have made some profitable deals, the last withdrawal I made on January of $900 was quite fast.

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

CompassFX reviews

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