Pros
  • 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.
Cons
  • 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: United Kingdom

Established in 2019

Regulation: Financial Services Authority of the Seychelles FSA

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 instruments: Currency pairs, CFDs on indices, commodities, cryptocurrency and metals

Trading Conditions 

Base account Currencies offered: USD, EUR, GBP

Maximum Leverage: 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+

MAM/ PAMM accounts: MAM accounts

Segregated accounts for client funds: 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

Swap Free Account : swap free account was created for traders who can’t receive or pay swaps. The swap free account is interest free and still allows traders to take advantage of our deep liquidity and top-rated trading technology.

Spreads

SymbolDigitsContract SizeP&L CurrencySpread*
EURUSD5100,000USD1.0
GBPUSD5100,000USD1.3
USDJPY3100,000JPY1.0
EURGBP5100,000GBP1.0
AUDUSD5100,000USD1.2
NZDUSD5100,000USD1.3
USDCAD5100,000CAD1.2
EURCAD5100,000CAD1.4

 *Spreads shown are for retail accounts. 

Trading Platforms

MetaTrader 5

A household name for trading Forex and CFDs, the easy to use platform offers a range of features including multiple chart types, differing time frames and over 50 technical indicators. Available on desktop, mobile and web.

Clear Charting

Instant charting, customisation
to your choice

Account Activity

Monitor all trading activity
instantly

Access Anywhere

Stay up-to-date with the easy to use app

Download MT5 and experience the power and speed of the most utilised platform in the world for trading.

Benefit from unlimited charts, 50 technical indicators and 9 time frames.

Customise your MT5 charts to any view that suits your taste.

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 2024 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

Trading Platforms:
Payment Methods:
Maximum Leverage:
Account Options:
Languages:
Minimum Deposit:
Representative Offices:
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