Introduction

28forex is a new online trading broker that offers its clients multiple platforms to trade on, as well as a variety of assets to choose from. The company is based in Australia and is regulated by the Australian Securities and Investments Commission (ASIC). The 28forex website is available in English, Spanish, and French. The company offers customer support 24/7 via live chat, email, and telephone. In this 28Forex review, we will take a look at the broker’s regulation, platforms, assets, account types, and customer support. We will also share our own experiences with the broker and give you our honest opinion on whether we think 28forex is a good choice for online traders.

What is 28Forex?

The forex market is the largest and most liquid market in the world, with average daily trading volumes exceeding $5 trillion. Despite its size, this market has remained relatively unregulated since its inception.

That changed in 2018 when the European Union (EU) introduced regulations that brought the forex market under the oversight of financial regulators. These regulations, known as MiFID II, went into effect on January 3, 2018 and are designed to protect investors and ensure fair and transparent trading practices.

Under MiFID II, all firms that provide services to clients in the EU must be authorized by a national regulator and meet certain capital requirements. In addition, these firms must adhere to strict rules regarding transparency, best execution, and risk management.

The US does not have similar regulations in place for the forex market. However, many US-based forex brokers are registered with the National Futures Association (NFA) and comply with its regulations.

There are a number of benefits to trading forex through regulated brokers. First and foremost, these brokers are required to maintain segregated accounts which means that your money is kept separate from their own funds. This protects your money in the event that the broker becomes insolvent or tries to use your funds for other purposes.

In addition, regulated brokers must adhere to strict rules regarding transparent pricing, best execution practices, and risk management procedures. This provides a higher level of protection for investors compared to non-regulated brokers.

Regulatory Bodies

There are many different regulatory bodies that oversee Forex trading around the world. Each one has its own set of rules and regulations that brokers must follow in order to be licensed and operate within their jurisdiction. Some of the most well-known regulatory bodies include the US Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA), the UK Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).

These regulatory bodies are responsible for ensuring that brokers comply with certain standards and treat their customers fairly. They also have the power to investigate complaints and impose sanctions if necessary.

FCA is considered to be one of the most reliable regulators. ASIC is also a very trusted regulator, but their requirements are not as stringent as the FCA. The CFTC is a reliable regulator, but they have been known to be stricter on US-based brokers than other international brokerages. NFA is another trusted regulator, but they do not have as much power as some of the other regulatory bodies.

28Forex Platforms Review

When it comes to forex trading, there are a variety of platforms that individuals can use in order to make trades. In this forex platforms review, we will take a closer look at some of the most popular options and what they have to offer traders.

One of the most popular forex trading platforms is MetaTrader 4 (MT4). MT4 is a software platform that is used by many brokers and allows traders to access the market and make trades. The platform is user-friendly and offers a variety of features, including charting tools and indicators.

Another popular option is the cTrader platform. cTrader is an online trading platform that offers advanced features and functionality. The platform is designed for experienced traders who are looking for more than just basic charting tools.

Finally, we have the NinjaTrader platform. NinjaTrader is a powerful trading platform that provides advanced features and functionality. The platform is designed for both professional and retail traders.

So, which forex trading platform is right for you? It really depends on your individual needs and preferences. If you are new to forex trading, then you may want to start with a more basic platform like MT4 or cTrader. If you are an experienced trader, then you may want to consider using a more advanced platform like NinjaTrader.

28Forex Pros and Cons

There are a number of things to consider when deciding whether to trade forex. The first is regulation. Forex is not a regulated market, which means there are no central rules or guidelines that all participants must follow. This can be seen as a pro or a con, depending on your perspective. Some people view it as a benefit because it allows for more freedom and flexibility in the market. Others see it as a downside because it can make it harder to find reliable information and participants.

Another thing to consider is the platforms that are available for forex trading. There are many different brokerages and exchanges that offer different platforms, so it’s important to find one that suits your needs. Some platforms may be more user-friendly than others, or offer more features and tools.

When it comes to the pros and cons of forex trading, there are many factors to consider. It’s important to do your research and weigh up all the options before making any decisions.

28Forex Traders Ratings

If you are looking for a Forex broker, it is important to know what other traders think about the broker. This is where Forex traders ratings come in. There are many websites that allow users to rate Forex brokers and leave feedback.

When looking at Forex traders ratings, it is important to take into account the source of the rating. Some sites may be biased or have an agenda when rating a broker. It is also important to look at the number of ratings. If there are only a few ratings, it may not be a good indicator of the broker’s overall performance.

That being said, Forex traders ratings can be a helpful tool when choosing a broker. It is just important to remember to take them with a grain of salt and to do your own research as well.

Conclusion

28Forex is a reliable forex broker that offers a great selection of tradable assets, tight spreads, and speedy trade execution. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC), which adds an extra layer of safety for traders. Overall, 28Forex is a good choice for both beginner and experienced forex traders who are looking for a reliable and user-friendly platform.