ForexVox is a forex broker that was founded in 2016. It is regulated by the Financial Conduct Authority (FCA) in the UK and the Financial Services Authority (FSA) in Seychelles. ForexVox offers a variety of trading products, including forex, indices, commodities, and metals. It also offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5.
ForexVox’s fees are generally competitive. Spreads start from 0.0 pips on forex majors, and commissions are charged at $3 per lot. There are no deposit or withdrawal fees.
ForexVox’s customer support is available 24/7 by phone, email, and live chat.
ForexVox has a number of features that make it a good choice for traders. These features include:
Advantages of Forexvox (Pros)
- A wide range of trading products
- A variety of trading platforms
- Competitive spreads
- Low commissions
- A good education center
- A responsive customer support team
However, there are also some potential drawbacks to consider before using ForexVox. These drawbacks include:
Disadvantages of Forexvox (Cons)
- The minimum deposit is relatively high at $200
- The leverage is capped at 1:30 for retail traders
- There are no Islamic accounts available
Overall, ForexVox is a good choice for traders who are looking for a regulated broker with a wide range of trading products and competitive spreads. However, traders should be aware of the potential drawbacks before opening an account.
ForexVox is not ranked as highly as some of the other brokers that I have mentioned. However, it is still a relatively new broker, and it is possible that its rankings will improve over time but according to BrokerXplorer, ForexVox is ranked 69 out of 99 forex brokers. It is regulated by the Financial Services Commission (FSC) of Belize and the Securities Dealer License No SD028 of Seychelles.
More Details About Forexvox:
- Website: https://www.forexvox.com/
- Headquarters: London, UK
- Regulated by: FCA (UK) and FSA (Seychelles)
- Minimum deposit: $200
- Leverage: Up to 1:30 for retail traders
- Trading platforms: MetaTrader 4 and MetaTrader 5
- Education center: Yes
- Customer support: 24/7 live chat and email support
