Reviewed broker: ForexVox
Operated and owned by Valutrades Limited
Location: 51 Eastcheap, London EC3M 1JP
Established in 2019
Representative offices: UK
Regulation: FCA UK, FSA SC
US traders are not allowed
Note: Broker’s website is lacking basic information needed for traders. No information about account types and very thin details about trading conditions. This information must be presented in a clear and straightforward way!
Trading Conditions
Base account Currencies offered: USD, EUR, GBP
Maximum Leverage: 1:30 (FCA) 1:500 (FSA)
Minimal lot size: 0.01
Spread type: Variable
Average Spread on majors: 1 pip
Commission: yes (Standard account) 3.5 USD per lot
Is scalping allowed?: Yes
Is Hedging allowed?: Yes
Expert Advisors allowed?: Yes
Decimal after point(4 digits, 5 digits, both): 5 digits
Trailing stops: Yes
OCO orders: No
One-Click execution: Yes
Currency Pairs (total number): 100+
Cryptocurrency trading: No
All Trading Instruments offered – Forex, Stocks, Options, Futures, Indices, Commodities, Energies, Shares, Bonds, ETFs, Spread betting, Bitcoin
MAM/ PAMM accounts: MAM accounts
Swap-free Accounts (Islamic accounts): Yes
Segregated accounts for client funds (yes, no): Yes
Stop Out level: 50%
Margin Call level: 100%
Maximum order size: 50
Demo account (expiration time?): 30 days
Free VPS: free under certain conditions
Spreads
| Symbol | Digits | Contract Size | P&L Currency | Spread* |
| EURUSD | 5 | 100,000 | USD | 1.0 |
| GBPUSD | 5 | 100,000 | USD | 1.3 |
| USDJPY | 3 | 100,000 | JPY | 1.0 |
| EURGBP | 5 | 100,000 | GBP | 1.0 |
| AUDUSD | 5 | 100,000 | USD | 1.2 |
| NZDUSD | 5 | 100,000 | USD | 1.3 |
| USDCAD | 5 | 100,000 | CAD | 1.2 |
| EURCAD | 5 | 100,000 | CAD | 1.4 |
*Spreads shown are for retail accounts.
Trading Platforms
Mobile Trading: Yes
Web-based trading: Yes
Copy trading / Social trading: No
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Features
- Trade FX and a range of CFD markets
- Deep liquidity and fast execution
- Supports Expert Advisers for automated trading
Payment Methods
Minimum deposit requirement $1
Payment methods: Visa/Mastercard, Sticpay, FasaPay, Skrill, Neteller, Local Banks, Wire Transfer
How was the rating of ForexVox performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on ForexVox FX broker performance and features.
Overall our online ForexVox review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online ForexVox or you find inaccurate details ForexVox broker review please get in touch with us and the changes will be applied.
