Is ForexVox a fair Forex Broker?
Forex Vox is a Forex Broker offering Forex Trading services via MetaTrader 4, MT4 Mobile and Web trading platforms. Regarding orders execution model, ForexVox is a hybrid broker - both a-book and b-book broker (market maker). ForexVox offers trading of currencies, indices, CFDs and commodities. ForexVox is regulated by the FCA (UK).
ForexVox is a true ECN broker based in London. Money protection, their excellent reputation and FCA regulation all play very important roles but let’s discover what else is included in their service. Regulation ForexVox is a completely regulated broker and has two licenses: FCA (UK) and FSA (Seychelles). Registration numbers and details can be found on their website. Trading conditions may vary depending on the regulation you choose but both of them provide fast order execution and tight floating spreads.
ForexVox offers more than 100 products to trade including currency pairs, metals, indices and commodities and allows all trading strategies such as scalping, hedging, EA, etc. Clients are not charged for inactivity and are protected against negative balances.
If you choose ForexVox under Seychelles regulations you will be offered the following: Standard account - recommended initial deposit is $100, leverage is up to 1:500, minimum lot size -0.01. Commission on trading is absent and swap-free option is supported.
ECN account - recommended (but not required) initial deposit is $500, leverage is up to 1:500, minimum lot size -0.01, commission is $7/lot.
If you choose ForexVox under UK regulations you will find only one type of account with the leverage of 1:30 but with the option to increase up to 1:500 for professional traders.
How to start with ForexVox?
Registration with ForexVox is simple and fast. The verification procedure uses Jumio technology that allows clients to pass it in a few minutes (having documents to hand and taking a selfie). Clients still have an opportunity to download the documents required for verification in the “old school” way.
Though there is no minimum deposit clients have to fund their accounts to start trading. Multiple options are available: Bank transfer, VISA, Mastercard, Maestro Cards, Skrill, Neteller, Cryptocurrency, Sticpay; EcoPayz, Perfect Money, AdvCash, AstroPaycard and different local payment agents. ForexVox doesn’t charge any fee on deposits and provides 3 free withdrawals during each month.
Bonuses and promotions
At the moment, ForexVox Seychelles offers 2 kinds of bonuses: 10% floating bonus and 100% deposit bonus. Both bonuses are applicable on Standard accounts only. Detailed conditions can be provided through live chat or support (email@example.com).
What trading platform does ForexVox use?
The broker offers MT4 trading platform with desktop and mobile access:
- MT4 for Windows
- MT4 for Mac
- MT4 for Android
- MT4 for iOS
- MT5 is available for those who choose trading under FCA regulations.
- In addition, Webtrader is also available in the Client Area.
Is API trading available at ForexVox?
FIX API trading is available apart from MT4 and MT5 trading. FIX stands for Financial Information Exchange and API stands for Application Programming Interface. ForexVox uses FIX 4.4 API protocol which is a secure and stable way to get direct market access and place orders using your own trading software.
Advantages for professional traders are obvious:
- the lowest possible latency
- deep liquidity
- radical transparency
- tight spreads
What about MAM accounts?
ForexVox offers MetaFX MAM solution to support money managers and fund managers with all of their needs. To apply for a MAM account a client needs to fill in the form on the broker’s website. The main benefits of ForexVox MAM software are as follows:
- Possibility to set multiple allocation types such as by equity, balance, percentage or lot
- Commission, markup and profit share settings are available
- No restrictions on changing allocations at any time
- Adding and removing accounts in real time with no need to close positions
Can a trader expect a free VPS at ForexVox?
Absolutely! ForexVox offers free VPS for clients who are trading a minimum of 10 lots round turn per month. If a client doesn’t fulfill such requirements, they can still subscribe for broker’s VPS by entering the partner website.
What is FV Social about?
FV Social is a unique platform of ForexVox that connects different parties of the Forex sphere in one place. The platform offers all the tools that can satisfy even a sophisticated trader: chat rooms, public and private channels, market insights, newsfeeds, charts, economic calendar, trading accounts, trading platform, affiliate dashboard and much more. Joining the platform doesn’t require registration with the broker, though you can enter it on the broker’s website or using the direct link.
The ForexVox educational page presents a lot of content that is interesting and useful for all levels of traders: newbies as well as experienced traders. The broker doesn’t limit the educational section just to the glossary though it is also available, but fills it with the different courses and mentors that a trader may choose to follow. In addition, they create tutorial videos on their Youtube channels. Such a non-trivial and thorough approach shows that ForexVox is invested in growing and developing its clients.
The ForexVox affiliate program works on a revenue share basis and offers competitive remuneration to their partners. Even the most experienced affiliates will be pleasantly surprised by the extensive and transparent reports that allow monitoring revenue in real-time as trades are closed.
Besides the traditional affiliate commission or so-called rebates, partners can get additional benefit by creating their own network and receiving commission for multi-levelness. Affiliates are free to create their own chatroom for communication with their clients and sharing news and experiences.
To become an Affiliate of ForexVox parners should register, pass verification and apply for an Affiliate account.
If you have any questions
There is no block in communication between ForexVox and clients. Even an unregistered person can easily go to the Live chat on the broker’s website and clarify all questions that he or she may have. Additionally, registered clients can enter Live chat in their Client Area.
Likewise, ForexVox can be contacted through their official accounts on social media: Facebook, LinkedIn, Instagram, YouTube and Twitter.
On the one hand, ForexVox is an FCA and FSA broker that strictly follows the rules of its regulations. On the other hand, it has modern and exclusive features in services and technical solutions that give it a unique quality. Clients can benefit from both sides and not be worried about their money protection, execution speed or spreads.