Based in Panama City but casting a financial shadow over much of the world with interests in the UK, the US, Australia and Japan, Forex Metal is a site as robust as its name suggests. An independent broker, this site provides a competitive platform that allows users to trade a number of instruments, including Forex, gold, oil and CFDs through a single platform.
Forex-Metal.com’s Special FX:
Keeping up with the dynamism of the FX world when you’re an amateur trader can be a taxing tasking. However, when for users opening an account at Forex-Metal the tasking is made somewhat easier with a range of daily and weekly updates. Particularly helpful are the weekly technical analyses and market reviews. While the technical reports offer a quick breakdown of the movements of each currency pair, as well as their resistance and support stats, the reviews give a more in-depth account.
Making the fluctuations easily digestible for novices is a great resource to offer and a reason Forex Metal is an appealing option for many traders. What is even more attractive for first time investors are the automated trading options offered by Forex Metal through FX Replitrader and ZuluTrade.
Each platform connects uses with professional traders and allows them to mimic the moves their mentors make. This option not only increases their learning curve but reduces their risk and increases the chances of making a profit.
Forex Metal has four account options catering for all levels of trader: for the beginner there’s a demo account and for professionals there’s a well connected ECN platform. Whichever real money account a user decides to open they will be treated a 40% deposit bonus up to a maximum of $15,000 and will gain access to the currency exchange market via MetaTrader 4.
The finer details of each account are as follows:
Demo Account: Each account is loaded with virtual money and users are given access to the live Forex market to trade.
Standard Account: Trade more than 50 currency pairs, no minimum deposit limits, account base currencies can be held in USD, EUR, GBP, AUD, JPY and CHF, maximum leverage 1:500 on fixed options and 1:1,100 on floating options, usual lot size 100,000 units, minimum trade 0.01 lot with zero commission and spreads from 1 to 4 pips on major pairs.
Professional Account: Trade more than 60 currency pairs, minimum deposit limit of $10,000, account base currencies can be held in USD, EUR, GBP, AUD, JPY and CHF, maximum leverage 1:500, usual lot size 100,000 units, minimum trade 0.1 lot with zero commission and spreads from 0.4 pips.
FX Edge ECN Account: With no trading desk intervention this account allows users to trade 30 Forex pairs with a minimum deposit of $1,000. Accounts can be held in USD, EUR, GBP, AUD, JPY and CHF and leverage is set at 1:100 with minimum trades of 0.1 lots. Spreads on this account start from 0.2 pips and commission is set at 0.004% per lot.