Who is Forexite?
Forexite is a Forex broker that was founded in 1998. The company is registered in the UK and has its headquarters in London. Forexite offers online trading in forex, CFDs, and precious metals on the MetaTrader 4 platform. The company is regulated by the Financial Conduct Authority (FCA) in the UK.
Forexite has been offering online trading services for over 20 years and is a well-established broker in the industry. The company is regulated by a reputable financial regulator, which gives traders peace of mind when dealing with Forexite. In addition, the broker offers competitive trading conditions and a user-friendly trading platform.
What do they offer?
Forexite.com offers a wide variety of forex trading services and products to its clients. These include a comprehensive suite of forex trading tools, platforms and resources, as well as access to a team of experienced and professional forex traders. The company also provides a number of unique features and benefits that make it an attractive choice for both new and experienced forex traders.
How does it work?
When you open an account with Forexite.com, you are assigned a personal broker who will work with you to determine the best way to trade forex. This includes choosing the right currency pairs, setting up stop-loss and take-profit orders, and managing your risk. Your broker will also provide you with expert analysis of the market, helping you to make informed decisions about when to buy and sell.
Pros and Cons
When it comes to online Forex trading, there are a lot of different options available to choose from. One of these is Forexite.com, which claims to be a leading broker in the industry. But is Forexite.com legit or a scam? In this review, we’ll take a look at the pros and cons of this broker to see if they’re worth your time and money.
Pros:
-Offers a variety of currency pairs to trade
-Low minimum deposit requirements
-Claims to have tight spreads and fast execution speeds
Cons:
-No demo account available
-Limited customer support options
-Not regulated by a major financial authority
Is Forexite a Scam?
If you’re wondering whether Forexite is a scam, the short answer is no. However, there are a few things to keep in mind before deciding whether to trade with this broker.
First of all, it’s important to note that Forexite is not regulated by any major financial regulator. This means that they don’t have to adhere to the same strict standards as other brokers. As such, there is a higher risk that they could engage in unethical or fraudulent practices.
That being said, there are no reports of Forexite engaging in any such practices. In fact, they have a good reputation amongst traders and are generally considered to be a reliable broker.
So while there is some risk involved in trading with Forexite, it appears to be a reputable and trustworthy broker overall.
Conclusion
Overall, we found Forexite to be a reliable and trustworthy forex broker. They offer a wide range of features and tools that are designed to help you succeed in the forex market. We also appreciate the fact that they are available in multiple languages, which makes them accessible to a wider range of traders. If you’re looking for a new forex broker, we recommend giving Forexite a try.