Introduction
ForexWare is a leading provider of online foreign exchange (FX) trading services. The company offers its clients a variety of platforms, instruments and ratings to choose from. It is regulated by the Financial Conduct Authority (FCA).
Overview of ForexWare.com
ForexWare is a leading technology provider for the foreign exchange industry, offering a complete suite of solutions for brokers, banks and other financial institutions. The company’s products and services include:
– A powerful trading platform with advanced features and tools
– A comprehensive range of forex products and services
– A wide variety of payment options
– A dedicated customer support team
ForexWare is regulated by the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).
Regulations
The ForexWare.com Review covers all aspects of the company’s business, including their regulatory environment. As a regulated entity, ForexWare is held to high standards of conduct by various financial authorities. The company is registered with the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant and Retail Foreign Exchange Dealer. They are also a member of the National Futures Association (NFA), which is self-regulatory for the futures industry in the United States.
In addition to being highly regulated, ForexWare is also very transparent when it comes to their business practices. All customer information and trading activity is kept strictly confidential and secure. The company has implemented multiple layers of security, including physical, electronic, and procedural safeguards, to protect customer data.
ForexWare takes pride in providing a fair and transparent trading environment for all of their clients. All orders are filled at the best available price at the time of execution. There are no hidden fees or commissions charged on trades, and all prices are displayed in real-time. Clients can view their account balances and transaction history 24/7 through the online Client Portal.
The company offers a variety of platforms and instruments for their clients to trade with. The MetaTrader 4 (MT4) platform is available for desktop, web, and mobile devices. MT4 is one of the most popular forex trading platforms in the world and provides traders with advanced charting
Platforms
ForexWare.com is a forex and CFD brokerage that offers a single account type with leverage of up to 1:200 and three different trading platforms: the MetaTrader 4 (MT4), the WebTrader and the Mobile Trader. The company is based in Belize and is regulated by the International Financial Services Commission (IFSC).
Instrument-wise, ForexWare.com provides access to over 50 currency pairs as well as CFDs on Indices, Commodities, Stocks and Cryptocurrencies.
As for ratings, ForexWare.com has a TrustScore of 9/10 on Trustpilot, where it has been reviewed by over 190 users.
Instruments & Ratings
ForexWare offers two main platforms for its clients, the first being a web-based platform that is available to all users and the second being the more advanced MetaTrader4 (MT4) platform that is available to more experienced traders. The company also offer mobile apps for both iOS and Android devices, meaning that forex trading can be carried out on the move.
In terms of instruments, ForexWare covers all of the major currency pairs as well as a number of exotic pairs. The company also offers CFDs on commodities, indices, stocks and cryptocurrencies. Leverage on ForexWare’s platforms is up to 1:500 for retail clients and 1:200 for professional clients.
In terms of ratings, ForexWare holds an FCA license and is also registered with the NFA in the US. The company has been awarded a number of industry accolades including ‘Best MT4 White Label Provider’ at the UK Forex Awards 2016 and ‘Most Innovative Technology Provider’ at the Finance Magnates London Summit 2017.
Pros and Cons
When it comes to online Forex trading, safety and security are paramount. That’s why it’s important to choose a broker that is regulated by a respected authority. ForexWare is a fully licensed and regulated online broker. They offer a variety of different account types to suit the needs of different traders.
ForexWare uses the popular MetaTrader 4 platform. This platform is available for desktop, web, and mobile devices. It’s user-friendly and has all the features and tools that most traders need.
One thing to keep in mind is that ForexWare only offers spot forex trading. So if you’re looking to trade other instruments, you’ll need to look elsewhere. Overall, ForexWare is a solid choice for online Forex trading.
Conclusion
After reading this ForexWare.com review, it is evident that this is a reliable and trustworthy forex broker. They are highly regulated by top-tier financial authorities, offer a variety of platforms and instruments for trading, and have excellent customer ratings. If you are looking for a safe and reputable forex broker, ForexWare.com should definitely be at the top of your list.