Introduction

If you’re looking for a new forex broker, you may have come across ForexSpeedUp.com. In this review, we’ll take a look at what they have to offer and whether or not they’re a legit or scam forex broker. ForexSpeedUp is a relatively new forex broker that was established in 2020. They are based in Estonia and are regulated by the Estonian Financial Supervisory Authority (EFSA). They offer a variety of different account types and trading platforms, as well as some interesting features like copy trading and social trading. So far, they seem to be a pretty good broker with mostly positive reviews online. However, there are a few complaints about their customer service and withdrawal process. Overall, they seem to be a legit broker that is worth considering if you’re looking for a new broker.

Company Overview

ForexSpeedUp is a new online forex broker that has been gaining popularity among traders. But is it a legit or scam forex broker? In this ForexSpeedUp review, we will take a look at the company, its products and services, and see if it is a legitimate broker or not.

ForexSpeedUp is an online forex broker that offers trading in major currency pairs, as well as in some minor ones. It also offers CFD trading and metals trading. The company is based in Bulgaria and is regulated by the Financial Supervision Commission (FSC).

The company provides its clients with the MetaTrader 4 (MT4) trading platform, which is one of the most popular platforms among forex brokers. The platform is available for desktop, web, and mobile devices. ForexSpeedUp also offers an Islamic account for Muslim traders.

The minimum deposit for a standard account is $100, and the minimum deposit for an Islamic account is $500. The leverage ratio is 1:200 for standard accounts and 1:100 for Islamic accounts. The spreads are variable and start at 0.3 pips on EUR/USD pair.

Overall, ForexSpeedUp seems to be a decent forex broker with good features and services. It is regulated by a reputable authority and offers the popular MT4 platform. However, we would like to see more information about the company on its website before we can recommend it as a

Trading Conditions

When it comes to trading conditions, ForexSpeedUp.com offers a variety of options for its clients. For starters, the broker provides a leverage of 1:500 and a minimum deposit of just $100. This makes it accessible for beginner traders who are just starting out in the forex market. In addition, the broker offers a wide range of currency pairs and CFDs to trade.

The spreads offered by ForexSpeedUp.com are also quite competitive. The average spread on EUR/USD is just 0.4 pips. And on major currency pairs like GBP/USD and USD/JPY, the spreads start from just 0.6 pips. This is definitely one of the better spreads in the industry.

Another thing to note about ForexSpeedUp.com’s trading conditions is that they offer Negative Balance Protection (NBP). This means that your account will never go into negative balance, no matter how volatile the markets are. This is a great safety measure for traders, especially those new to forex trading.

Overall, we were quite impressed with ForexSpeedUp.com’s trading conditions. The leverage and minimum deposit requirements are very accessible for beginner traders. And the spreads are quite competitive when compared to other brokers in the industry.

Accounts and Fees

When it comes to accounts and fees, ForexSpeedUp.com is a bit of a mixed bag. On the one hand, they offer a wide variety of account types to choose from, including micro, mini, and standard accounts. This is great for traders who want to find an account that fits their needs. However, on the other hand, their fees are somewhat high. For example, they charge a $5 commission on all trades, and their spreads are not the tightest in the industry.

Customer Support

We always encourage our clients to contact our customer support team in case they have any questions or need assistance with their trading account. Our customer support representatives are available 24/5 and are always happy to help.

In our experience, ForexSpeedUp.com has some of the best customer support we’ve ever seen in a forex broker. They are always responsive and helpful, and they really seem to care about their customers. We haven’t had any problems with them so far, but if we did, we know that they would be there to help us out.

Pros and Cons

When researching a potential forex broker, it’s important to take the time to read reviews from previous customers. This can give you an idea of what to expect in terms of customer service and trading conditions. It can also help you avoid potential scams.

In this ForexSpeedUp review, we’ll take a look at the pros and cons of this broker to help you decide if it’s the right choice for you.

Pros:

– Wide range of currency pairs available for trading
– Support for multiple platforms, including MetaTrader 4 and 5
– Competitive spreads starting at 0.1 pips
– Fast and efficient execution of trades

Cons:

– No demo account available
– Limited educational resources on the website

Conclusion

ForexSpeedUp.com is a popular forex broker that offers traders a wide range of features and tools. However, there are some concerns about the legitimacy of the company, as it is not regulated by any major financial regulator. If you are considering opening an account with ForexSpeedUp.com, be sure to do your research to make sure they are a reputable broker before investing any money.