Introduction
The forex market is one of the most exciting and dynamic markets in the world. It’s also one of the most regulated. In this blog post, we’ll explore the different forex regulations, platforms, and traders ratings. We’ll also look at the pros and cons of forex trading.
What is Forex-Combo.com?
Forex-Combo.com is an online broker that offers forex and CFD trading. The company is based in the Czech Republic and was founded in 2013. The broker is regulated by the Czech National Bank and offers two platforms for trading, MetaTrader 4 and Protrader 3. Forex-Combo.com also offers a mobile app for trading on the go. account types include a demo account, micro account, standard account, and VIP account. The minimum deposit for a standard account is $100 and the maximum leverage is 1:200.
The advantages of Forex-Combo.com include regulation by a reputable authority, multiple account types to choose from, and a mobile app for trading on the go. The disadvantages of the broker include limited education resources and customer support only available during business hours Czech Republic time.
Forex-Combo.com Regulations
Forex-Combo.com – Regulations, platforms, pros, cons, and traders ratings
When it comes to online trading, there are a lot of different things that you need to take into account before choosing the right broker. One of the most important aspects is regulation. In this article, we will take a look at Forex-Combo.com and their regulation in more detail.
Forex-Combo.com is a Cyprus based broker that is regulated by the Cyprus Securities and Exchange Commission (CySEC). They offer a wide range of currency pairs as well as CFDs on indices, commodities, and shares. One of the main advantages of using Forex-Combo.com is that they offer negative balance protection which means that you can never lose more than your initial deposit.
Another thing to consider when choosing an online broker is the platform that they offer. Forex-Combo.com uses the popular MetaTrader 4 platform which is available for desktop, web, and mobile devices. The platform is user-friendly and has all the features that you would expect from a leading trading platform including advanced charting tools and a wide range of indicators.
When it comes to customer support, Forex-Combo offers 24/5 support via live chat, email, and telephone in multiple languages. Overall, they provide a very good service with quick responses to queries.
Now let’s take a look at some of the pros
Forex-Combo.com Platforms
Forex-Combo.com offers two main platforms for its traders, the MetaTrader 4 (MT4) and the WebTrader. The MT4 is the most widely used platform in the world and is available for download on PC, Mac, iOS, and Android devices. The WebTrader is a web-based platform that can be accessed from any internet-connected device.
Both platforms offer a user-friendly interface, a wide range of features and tools, and tight spreads. Forex-Combo.com also offers a free demo account so that new traders can practice trading with virtual currency before opening a live account.
Forex-Combo.com Pros and Cons
Pros:
-Low minimum deposit ($250)
-Many account types with different leverage levels
-ECN accounts available
-MetaTrader 4 and 5 platforms supported
-Copy trading feature available
Cons:
-High spreads on some account types
-No US clients accepted
Forex-Combo.com Traders Ratings
Forex-Combo.com is a popular online broker that offers forex and CFD trading on a variety of platforms. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers trading in a wide range of currencies, indices, commodities, and shares.
Forex-Combo.com has been operational since 2014 and is owned by Yield Enterprise Currency Software Development Ltd. The broker offers two account types – Standard and ECN – as well as a demo account to allow traders to test out the platform before committing to live trading.
The minimum deposit for a Standard account is $500, while the minimum deposit for an ECN account is $5000. Forex-Combo.com charges no commissions on trades but does charge a small spread from 0.1 pips on major currency pairs. Leverage of up to 1:500 is available for both account types.
Trading Platforms
Forex-Combo.com offers its traders the choice of two different trading platforms – MetaTrader 4 (MT4) or YECY Trading Station. MT4 is the most popular forex trading platform in the world and is available as a desktop application, web-based platform, or mobile app. YECY Trading Station is an advanced proprietary platform that includes features such as one-click trading, market heat maps, and live news feeds.
Both platforms offer a wide range of technical indicators and chart
Conclusion
Overall, we found Forex-Combo.com to be a reliable and user-friendly forex trading platform. The company is regulated by a number of reputable organizations, offers a variety of platforms to suit different traders’ needs, and has received positive feedback from users. However, there are a few drawbacks to consider before opening an account, such as the lack of customer service 24/7 and the limited range of markets available.