ForexVox Review – What Makes This Broker Special?

ForexVox Review

ForexVox is a broker that offers currency trading as well as commodities, metals, and indices. Trading is conducted using both the well-known MT4 and MT5 interfaces and through API trading. ForexVox, a 2018 startup with headquarters in London, is recommended as a top option for social trading with all STP types of accounts.

With chat rooms, ForexVox provides a fantastic social platform. The goal is to provide investors more access to experienced traders so they can pick their brains. Continue reading this ForexVox review to learn more about it.

Products

The comprehensive range of trading products offered by ForexVox includes forex, cryptocurrencies, indices, metals, and commodities.

• Forex

There are 81 forex pairs, including all main, minor, and exotic pairs.

• Cryptocurrencies

Bitcoin and Ethereum are two of the top five stablecoins.

• Indices

There are a total of 11 available indices, including Dow and S&P.

• Metals

Oil (US WTI & UK Brent), is a commodity that may be purchased as both future and spot contracts.

Trading Platforms

Forex Vox supports FIX 4.4 API and MT4/MT5 platforms. The majority of forex traders prefer to practice trading on the MT4 & MT5 platforms. The platforms are simple to use, and there are plenty of online materials available to help, making it a wonderful option for newbies. There are desktop, web-based, iOS, as well as Android mobile/tablet app versions for both platforms.

Trading via the FIX API is also available on ForexVox. An open, active, and efficient trading approach that gives customers complete control, lowers costs and boosts trade efficiency through more openness. FIX API clients get direct market access to ForexVox ECN matching engine.

Account Types

ForexVox offers Standard STP and ECN accounts with STP execution. The spread will be marked up even if the STP account has no commissions. The STP account lists spread starting at 1.0 pip.

ECN accounts receive liquidity provider prices without spread markups. Scalpers and automatic traders like the account since spreads start at 0 pips. Because there’s no spread markup, thus a commission is assessed for each lot and trade. For both STP and ECN accounts, the stop-out is at the level of a 50% margin.

There are three basic currencies—USD, EUR, and GBP—available for accounts.

Deposit and Withdrawal Methods

This broker offers a wide variety of withdrawals and deposit methods including credit and debit cards as well as electronic wallets such as UnionPay, Skrill, RemessaOnline, Trustly, Alipay, and Rapid Transfer.

Additionally, cryptocurrency deposits are also accepted.

The $100 minimum deposit is ideal for traders who want to try out the services with a smaller deposit before making a larger one, in our opinion. Additionally, it works well for traders who want to lower their risk exposure by using higher leverage and smaller initial deposits.

Deposits are free at ForexVox, but traders must pay third-party fees (if applicable). The same technique for deposits must also be used for withdrawals by traders. When using a credit or debit card to make a deposit, the same amount will be refunded to that card, and any winnings can be withdrawn by bank transfer.

Customer service

ForexVox offers top-notch customer support. They are accessible from Monday to Friday throughout all trading hours.

Traders can contact live agents via email or live chat for assistance.

World of Brokers discovered the ForexVox support staff to be responsive, educated, and able to address all of our inquiries.

Education

The chance to get in touch with experienced traders and mentors is something that ForexVox offers to both current and prospective clients. The ForexVox website provides traders with access to each mentor’s complete bio. Traders may also use an online inquiry form to send questions straight to the mentors.

The ForexVox website includes a comprehensive vocabulary with all the terms beginner traders need to be aware of.

New traders can practice trading without taking any risks with ForexVox’s free Demo Account.

Conclusion

ForexVox is an amazing broker that has the capacity to cater to all the trading needs of a novice as well as an experienced trader. So go ahead and sign up with this incredible broker to get your trading journey to new heights of success.