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Real Forex is the ECN broker, established in 2008. The company is based in London, the UK. The brokerage firm bears no relation to dealing operations. Real Forex is not regulated by any financial authority.
Trading conditions
The broker offers traders its own ECN RealStream FX trading software, as well as the popular MetaTrader 4 platform.
The MT4 platform also has a mobile version available for iPhone. Through MT4 Mobile, clients can manage their account, conduct trade deals, and use 30 technical indicators for market analysis.
Trading instruments:
- commodities
- indexes
- shares
Real Forex offers the following account types:
- Classic: minimum deposit – 2,000 USD, maximum leverage – 1:200, and no commission on any trade.
- VIP: minimum deposit – 10,000 USD, leverage – 1:00, and a small commission on certain trades.
- Institutional: minimum deposit – 50,000 USD, leverage can be negotiated.
Novice traders can test their skills with the help of a demo account. Traders who open a demo account receive 50,000 USD in virtual money. In addition, those registering for a demo account get a free Forex trading course.
The Real Stream FX platform includes a full package of charts, trading advisor services, and available account information.
Minimum deposit is 500 USD.
Real Forex accommodates automated traders either through ZuluTrade or as a FIX user on the Real Stream platform. Apart from that, Real Forex caters to technical traders by offering various charting tools based on the ProRealTime API.
Scalping and trading with robots are allowed in Real Forex.
The company’s distinctive feature is the possibility to use the new FIX API which helps to exchange financial data between vendors. Thanks to this feature, users have access to market data from over 10 liquidity provider banks and non-banking organizations.
Registered members have free access to currency rate tables, Forex markets insights and signals, as well as trading strategies.
The company’s ebook on trading strategies includes the Golden Cross Forex and Forex Shark strategies. Only owners of live Forex accounts have access to the above mentioned book.
Deposits and withdrawals for Real Forex accounts can be done with credit/debit cards, wire transfers, and online payment programs such as Skrill and Moneybookers. Importantly, the withdrawal of funds is also made by filling out an online form or contacting the company’s representatives in the London office.
Support service
The support service is available 24/7 through email or live chat. The “Contact us” tub which appears on each page opens an online contact form. In addition, clients can reach the support service team by phone.
Feedback
The majority of traders’ comments about the broker are negative. Mostly, clients complain about the inability to withdraw funds and lack of support from the company’s representatives.
Pros and cons
Advantages:
- plethora of educational offers
- ebook on trading strategies
- user-friendly and informative website
- selection of accounts types
Disadvantages:
- lack of a regulator
- outdated information in some of the website’s sections
- lack of bonuses and promotions
- limited access to many features
