- No minimum deposit requirement for real accounts
- Maximum leverage is 1:500
- No restrictions on trading strategies and methods
- Technical support is available via email, live chat, and a ticketing system on the website.
- The minimum withdrawal amount is $50, regardless of the chosen channel.
- If a user withdraws money more than three times per month, he will incur a high commission of 5% of the withdrawal amount.
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
Scalping: Yes
Hedging: Yes
Expert Advisors: 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, Indices, Commodities, Metals, Crypto
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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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.
ForexVox Details
