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ForexVox Broker Review For Nigeria In 2023

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.

Product Range

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.

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.

Type of Accounts

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

Platform and Customer Service

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 a range of platforms, including MetaTrader 4, MT4 web trader and MetaTrader 5.

MetaTrader 4 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. Plus, they offer a range of support options, including email, phone, and live chat. And their team is always happy to help.

Deposits and Withdrawals

When it comes to making deposits and withdrawals, ForexVox is a breeze. 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. 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.

Research and Education

ForexVox is a great choice, as they 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 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.

History and Regulation

So, you’re considering ForexVox as your next Forex broker. That’s great! But before you make your decision, it’s important to know a little about the company and how it’s regulated.

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.

Conclusion

After reading our Forex broker review of ForexVox, you should understand what this broker has to offer and whether it’s the right fit for you. 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 for 2022. Their solid, overall trading platform and awards-winning app are only a couple of reasons to try this broker. Their consistently low forex rates, tools aimed at advanced traders, and multi-lingual customer service also gave them high marks in our review. If you’re looking for a new broker in 2022, you have found a great option to add to your list of choices.

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