ForexVox Broker Review – Comprehensive Guide | ForexVox

ForexVox Basics

🏛️ Based in	London, UK
⚖️ Regulation	FCA
💰 Minimum Deposit	$1
💳 Deposit Options	Bank Wire, Credit Card, Debit Card, Other
💳 Withdrawal Options	Bank Wire, Credit Card, Debit Card, Other
📌Open an account	Start Trading with Forex Vox

Our Opinion About ForexVox

ForexVox is a London-based broker that offers forex trading through its platform. The company claims to offer superior execution, a low 0.1% fee for trades, and advanced charting tools for mobile and desktop users. ForexVox also has an excellent reputation, with an average rating of 4.8 stars out of 5 on review platforms like Trustpilot, where almost 400 customers have reviewed the broker.

The company was established in 2019 and is regulated by the Financial Conduct Authority (FCA), which means that it complies with all regulatory requirements set forth by the FCA. In addition to FCA (UK), they are also regulated by FSA (Seychelles). According to its website, the broker has more than 1 million registered clients who have used its services since its inception.

Their website is clean and easy to navigate. The design is simple and has a good selection of educational tools you can use while trading. ForexVox takes pride in its ability to execute trades without requotes. They say this is because they have one of the largest market shares in Europe and have the most liquidity available regarding orders being filled.

ForexVox has no restrictions on trading strategies. This makes for an interesting approach to brokerage, which may appeal to some traders who want to trade how they want without restrictions.

ForexVox Regulation

ForexVox was founded in 2019, and ever since then, it’s been dedicated to providing its clients with the best possible trading experience. The company is regulated by the Financial Conduct Authority (FCA), one of the world’s most respected regulatory agencies, as well as FSA of Seychelles. This means that ForexVox is held to the highest standards when protecting your money and ensuring that your trading experience is safe and secure.

ForexVox: Legit Or Scam?

ForexVox is a legit broker. They have been offering online trading services for many years, and have a growing client base in Africa. They are registered with a reputable financial authority and have appropriate client fund protection measures in place. In terms of their products, they offer low-cost account options, good trading conditions, and a nice choice of trading instruments. They also have convenient payment methods and fast withdrawals. In our opinion, they are a legit forex broker.

Trading Assets

ForexVox is a forex broker that offers both CFD and spread betting products. The company provides its clients with a wide range of trading options, including the option to trade in multiple currency pairs. ForexVox also offers commodities, indices and metals. The company mainly focuses on providing its clients with a wide range of trading instruments. The broker’s product portfolio comprises over 100 trading instruments, including CFD trades and spread bets for various currencies. Some trading instruments are available in both a demo account and live mode.

ForexVox Account Types

Type	Spreads	Min. Deposit	Max. Leverage	Commission
ECN	From 0.0 pips	$1	1:1000	N/A
Standard	From 1.0 pips	$1	1:1000	N/A

ECN Account

• An advanced account with a commission
• Tighter spreads from 0 pips
• Leverage up to 1:1000
• Minimum deposit of 1 USD

ECN accounts are an advanced form of trading that allows traders to trade without the risk of slippage. Traders can use these accounts with commission or charges. This type of account is suited for experienced traders as it takes a lot of experience and knowledge to trade on these accounts.

Standard Account

• Commission-free STP account
• Spreads start from 1 point
• Leverage up to 1:1000
• Minimum deposit of 1 USD

The STP account is ideal for traders who want to start trading without worrying about costs. This account offers an impressive spread, meaning you don’t have to pay any commissions on trades done with this account.

Swap Free Account

• Interest-free
• Deep liquidity
• Islamic traders who can’t receive or pay interest

Demo Account

ForexVox also offers a Demo account, which allows you to practice trading with virtual funds. This is a great way to learn the ropes and gain experience before risking your own money.

Spreads, Commissions and Fees

Well, one of the most important things is the spreads. ForexVox offers competitive spreads, which means you’ll get more value. They also don’t charge commissions on standard accounts, which is great news. But that’s not all. ForexVox also offers low fees, which is why they’re such a popular choice among Forex traders. In fact, their fees are some of the lowest in the industry.

ForexVox Registration – How To Open A Trading Account

As part of our ForexVox broker review, we looked at their online registration process. If you live in Nigeria, then you are eligible to open a trading account. Signing up is easy. To get started, you need to visit their website, complete the form, and choose your preferred login details. Next, you need to take a quick trading test. This is so that they can see how much you know about forex trading, and decide if their services are suitable for you. Lastly, you need to complete the KYC process, submit copies of your documents, and choose your account type.

ForexVox Registration – How To Verify A Trading Account

As part of our ForexVox broker review, we looked at their account verification process. To open a live trading account you’ll need to provide them with a proof of ID and a proof of address. This is so that they can confirm your identity and verify your online trading account. The verification process is simple. You can send copies of your National ID card, Passport or Driving License. You can also send copies of a utility bill or a bank statement registered in your name. After they have verified your account, you can add funds and start trading.

ForexVox Bonuses

ForexVox has a great choice of forex bonuses. Their offers usually include welcome bonuses and deposit bonuses. They change their promotions regularly and often add new special offers to their website. They are currently offering a 100% deposit bonus, a floating deposit bonus, and a SticPay bonus.

ForexVox Payment Methods

As part of our ForexVox review, we checked which payment options they offer. As they accept different deposit methods, funding a trading account is quick and easy. They also provide a good selection of withdrawal options, for fast transactions, and more convenience.

ForexVox Deposits

They offer a variety of methods, including credit cards, FasaPay, Sticpay, Union Pay, EcoPayz, Perfect Money, MPesa, MobilePay, bank transfers, and even e-wallets like Skrill and Neteller as well as via cryptocurrency and local depositors.

ForexVox Withdrawals

Payment varies by country due to local regulations, but generally, withdrawals can be made anytime, and no fees are charged when using electronic wallets or credit cards. While bank transfers may attract fees, it’s convenient to deposit funds into your account.

Trading Platforms

When looking for a forex broker, it’s important to find one with a platform that supports your trading style. ForexVox is a great broker because they offer MetaTrader4.

MetaTrader4 is a well-known platform that’s been around for years, and it’s perfect for traders new to Forex. MT4 web trader allows you to access your account from any browser, and it is gaining popularity because of its easy-to-use interface and powerful features. The platform has advanced trading tools such as real-time streaming prices and market analysis reports. It also comes with mobile apps for Android and iPhone users to access their accounts anywhere at any time.

Research and Education

ForexVox provide a wide range of resources to help you learn about Forex trading and grow as a trader. One of the things that set ForexVox apart is its trading academy. Here you’ll find a range of educational materials, from beginner-level tutorials to advanced trading strategies. You can also access expert analysis, market commentary, chartrooms, webinars, and video tutorials.

ForexVox Trading Hours

Their trading hours are in line with standard trading hours. You can open trades whenever the financial markets are open. Trading hours may vary on public holidays.

Customer Support

ForexVox has a great customer support team. You can contact them via phone, email, and live chat. They also offer customer service and trading support in several languages.

Our Verdict

ForexVox is a well-established broker with a lot of experience in the industry, and it offers a wide range of features and tools that can help you succeed in forex trading. ForexVox is, by our estimation, one of the best brokers. They have a solid trading platform and an award-winning app. They also have consistently low forex rates, tools aimed at advanced traders, and multi-lingual customer service.

ForexVox Forex Broker Review FAQ

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ForexVox Forex Broker Review – Similar Brokers

ForexVox is an excellent forex broker. However, if you want to look at other companies, there are also many other forex brokers in Nigeria. Here are some similar brokers.

Looking for more options? Take a look at more of our forex broker reviews.