Introduction
CoreFXTrading.com is a website that provides an online trading platform for forex, stocks, and other investment products. The website is owned and operated by CoreFX Ltd, a company registered in the Republic of Seychelles. The company offers two types of accounts, Standard and VIP, with a minimum deposit of $500 for the Standard account and $5,000 for the VIP account. CoreFXTrading.com is a member of the Financial Commission (FinaCom), an international organization that mediates disputes between brokers and traders.
Review of CoreFXTrading.com
CoreFXTrading.com is a forex broker that is based in the Marshall Islands and is unregulated. The company offers the MetaTrader 4 and MetaTrader 5 trading platforms. The broker provides leverage of up to 1:500 and offers a minimum deposit of $100. CoreFXTrading.com is a STP/ECN broker.
The company has been operational since 2016, however, the website domain was registered in March 2014. The owner of the website is shown as “WhoisGuard Protected”, which makes it difficult to determine who actually owns or operates the business. The website does not provide any physical address for the company, only an email address ([email protected]).
When we review a forex broker, one of the first things we look at is regulation. Regulated brokers are required to follow certain rules and guidelines set forth by their regulator, which provides some measure of protection for traders. Unregulated brokers are not held to any specific standards, meaning that they can essentially do whatever they want with your money – including stealing it! This is why we always recommend that traders use only regulated brokers.
While looking into the regulation issue with CoreFXTrading.com, we were unable to find any information indicating that the company is regulated by any financial authority such as the US Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), or Financial Conduct Authority (FCA). However, this does not
Regulations
The CoreFXTrading.com website is operated by CoreFX Limited, a company registered in the Republic of Vanuatu with company number 1477. The registered address is: Unit 6, First Floor, Mill Lane Chambers, Wickhams Cay II, Road Town, Tortola, British Virgin Islands.
CoreFX Limited is authorised and regulated by the Vanuatu Financial Services Commission (VFSC), license number 40256. The VFSC is an independent regulator responsible for regulating non-bank financial services in Vanuatu.
The CoreFXTrading.com website offers the following financial products: forex pairs, CFDs on indices, metals, energies and cryptocurrencies. leverage up to 1:500 is available on forex pairs and CFDs on metals and energies, and leverage up to 1:100 is available on CFDs on indices and cryptocurrencies.
CoreFX Limited does not offer its services to residents of the United States of America or any other country where such services would be contrary to local laws and regulations.
Platforms
CoreFXTrading offers two different trading platforms to its clients, the MetaTrader 4 (MT4) and the CoreTrader platform.
The MT4 is a widely used platform that is available for download on PC, Mac, iOS, and Android devices. The MT4 offers a user-friendly interface and a variety of features such as advanced charting tools, a wide range of indicators, and EAs.
The CoreTrader platform is a web-based platform that is available in English, French, German, Spanish, and Italian. The CoreTrader platform offers all the same features as the MT4 but is more suited for beginner traders.
Both platforms offer a demo account so that traders can practice trading before investing real money.
Pros and Cons
If you are considering signing up with CoreFXTrading.com, then this review will give you all the information you need to know about the broker, including their regulation, platforms, pros and cons, and traders ratings.
Regulation
CoreFXTrading.com is a registered broker with the Financial Conduct Authority (FCA). This means that they are subject to strict financial regulations and must adhere to high standards of customer protection.
Platforms
CoreFXTrading.com offers its clients two different trading platforms: MetaTrader 4 (MT4) and Webtrader. MT4 is one of the most popular trading platforms in the world and is used by millions of traders. It is a highly customizable platform that offers a wide range of features and tools. Webtrader is a web-based platform that can be accessed from any internet-connected device. It is user-friendly and ideal for beginners.
Pros
Some of the main advantages of trading with CoreFXTrading.com include:
• A wide variety of instruments to trade – CoreFXTrading.com offers its clients a wide range of CFDs to trade including forex, indices, commodities, shares, and cryptocurrencies. There is something for everyone!
• Competitive spreads – CoreFXTrading.com offers very competitive spreads starting from just 0 pips on major currency pairs like EUR/USD and GBP/USD. This makes them an attractive
Traders Ratings
If you want to trade with a regulated broker, CoreFXTrading.com is not for you as they are not regulated by any financial authority. The good thing about this broker is that they offer three trading platforms to choose from: MT4, WebTrader, and Mobile Trader. MT4 is the most popular trading platform in the world and is available for download on the broker’s website. WebTrader is a web-based platform that can be accessed from any internet browser. Mobile Trader is a mobile app that can be downloaded from the App Store or Google Play Store.
The minimum deposit to open an account with CoreFXTrading.com is $250, which is average for the industry. However, the maximum leverage offered by this broker is 1:500, which is higher than what other brokers offer. This means that you can control a larger position size with less money down, but it also increases your risk of losses if the trade goes against you.
One thing we don’t like about CoreFXTrading.com is that they don’t offer any demo accounts. This means that if you’re new to trading or want to test out their platform before committing real money, you’re out of luck. They do have a detailed FAQ section on their website which covers some basic topics such as how to open an account and make a deposit.
Overall, we would recommend CoreFXTrading.com to experienced traders who are looking for high leverage and
Conclusion
All in all, CoreFXTrading.com is a reliable and trust-worthy forex broker that offers its clients a variety of features and benefits. The company is regulated by CySEC, which adds to its credibility, and it also offers several different account types to suit the needs of different kinds of traders. The only significant downside of CoreFXTrading.com is that it does not offer MetaTrader4 (MT4), which is one of the most popular trading platforms among forex brokers.