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: 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

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

Mobile Trading: Yes

Web-based trading: Yes

Copy trading / Social trading: No

MT4

MetaTrader 4 is the industry leading platform used globally by financial traders. 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

MetaTrader 4 – Desktop

Download MT4 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 MT4 charts to any view that suits your taste.

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.  

ForexVox Details

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

top forex broker

 

New Brokers

Regulation: MFSA in Malta, BaFin The Federal Financial Supervisory Authority Germany, ACP The French Prudential Supervisory Authority, The Comisión Nacional del Mercado de Valores (CNMV) Spain, Danish FSA

Regulation: ASIC in Australia, BaFin in Germany, FMA in Austria, CNMV in Spain, FSC in the British Virgin Islands, CIMA in the Cayman Islands and RAK in the UAE

Regulation: Financial Conduct Authority UK FCA, VFSC Vanuatu, Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL)

Regulation: ASIC, CIMA, FSC

Regulation: ASIC

Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. This site will not be held liable for any loss or damage in result from using the information within the site including forex Broker reviews 2023, market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.