TradingForex.com is the result of a collective effort by a group of industry experts all wanting to create an even playing field in the foreign exchange market. Traditionally the FX world was dominated by large banks and financial institutions and the ability to secure competitive trading rates as in independent costumer was almost impossible.
However, since the growth of online trading the market has changed and dedicated FX brokers such as TradingForex.com have allowed individuals to get access to the type of conditions usually reserved for corporate clients. Indeed, entering the online market in 2012, TradingForex.com has created a platform that is compatible in Chinese, English, Spanish and Russian.
In addition to this the site has made it simple for traders to load up their accounts with a range of deposit options, including Visa and MasterCard, Neteller, moneybookers and wire transfer. Once users have managed to fund their account the site has ensured its safety through segregated accounts held in Barclays Banks.
TradingForex.com’s Special FX:
Aside from deposit and reload bonuses, TradingForex.com provides instant rebates to customers for every lot they trade. Similar to rakeback in the online poker world, this system pays traders $12 for every round lot they trade.
This offer is fantastic for regular traders because it gives them a consistent income even if their trades aren’t successful. Indeed, while it might be somewhat trickier for low volume traders to reap the full benefits of the cash back deal, the extra cash they can make will certainly help improve their bottom-line.
Another standout feature of this site is its strategy section. Designed to offer traders the latest market news and profitable deals, the section is perfect for those looking to improve their skill set or professional traders looking to compare tactics.
TradingForex.com makes use of MetaTrader 4 to give its members access to the FX market and thanks to that software they can enjoy a number of features, including: hedging, trailing stops and pending orders as well as in-chart and one-click trading.
To compliment these features, TradingForex.com has created an ECN (Electronic Communication Network) that offers the following conditions:
Minimum account size = $200
Maximum account size = $5,000,000
Minimum position size = 0.01 lot
Variable spreads typically from 0.8 pips with a minimum level of 0.4 pips.
Commission charge (one-way) per 1 standard lot = $2.50
Scalping and Expert Advisors are allowed.
Leverage = 1:200
Digits quoted after the comma = 5
Margin call level = 80%
Stop-out level = 50%
Number of currency pairs available = 36 (including 8 exotic)