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broker reviews
1BILLIONFOREX

1BILLIONFOREX
About company:

The broker is an IB-partner of NordFX, which has an investment license C108006311 issued by the Mauritius Financial Services Commission.

 

Broker 1billionforex is located in Belize. It has thousands of clients around the world and works with over 20 top tier banks.

 

Fund security

FSC Mauritius regulates the non-banking financial services industry, including brokerage companies. Supervisory activities are carried out in accordance with international business rules, and also contributes to the development of business transparency and efficiency, guaranteeing the safety of financial flows.

 

However, in general, the trust of traders in this regulator today is not above average, since many have a certain opinion about regulators in offshore countries, an example of which is the FSC. At the same time, Mauritius has long become a world-class business center, where the number of brokerage companies is growing from year to year.

 

Trading conditions

1billionforex offers 8 accounts and instruments such as CFDs, Indices, Currency Pairs, Metals, Indices.

 

Integral 0 Spread Account is designed for professional traders and is characterized by tight spreads and low transaction fees. The minimum capital for such an account is $ 20,000.

 

Account 1: 1000 is characterized by high leverage.

 

Micro-account is designed to teach novice traders to trade without assistance and is usually used as an intermediary when switching from a demo account to a Standard account. You can trade the most popular currency pairs with fixed spreads and high leverage.

 

A standard account for experienced traders, it has the best trading conditions and a full range of trading instruments.

 

The company offers the opportunity to get Premium status and trade on an account with low spreads.

 

Standard-MT5 is designed for experienced traders with the best trading conditions and a full range of trading tools through the latest MetaTrader 5 trading platform.

 

MT-ECN accounts are serviced through the MT4 platform.

 

By opening a ZuluTrade account with NordFX, the client gets a unique opportunity to trade on the Forex market and use the know-how of the best traders - market specialists. The Client has complete control over his ZuluTrade account, including automatic and independent (manual) trading. Access to viewing and analyzing the various trading strategies used by market experts is one of the key factors that make this service popular.

 

Minimum initial deposit

It starts at $ 5 on a Micro Account and reaches $ 50,000 on a Premium Account. The broker provides its clients with a wide choice of accounts, so traders can choose an account for the deposit: $ 5, $ 50, $ 1,000, $ 20,000, $ 50,000.

 

Commission and spreads

Spreads start at 0 pips on an Integral 0 Spread Account for EUR / USD, but charges a commission of $ 20 to $ 30. Some accounts have spreads as high as 3 pips.

 

Leverage

The broker offers leverage in the range of 1: 10–1: 1000, as well as the ability to hedge funds.

 

Trading platforms

The terminals MetaTrader4 and MetaTrader5 are available for trading. Metatrader is the most popular trading platform today. Most traders ask for Metatrader because of the huge number of technical indicators and because the terminal is easy to use. Metatrader is compatible with most EA and Scalping robots, as well as manual trading systems.

 

Ways of payment

Customers can use the following payment methods: bank transfer, credit cards (MasterCard, Visa), Skrill, NETELLER, WebMoney, CashU.

 

Pros:

 

terminals MT4 and MT5 are available; high leverage; a large selection of trading accounts.

 

Minuses:

 

registered in an offshore zone.

 

No one has commented on this broker yet

 

 

1BILLIONFOREX is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.

In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.

The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.

What is the benefit of a broker?  

 

The broker 1BILLIONFOREX makes profit from traders' transactions, as a rule, in two main ways.

The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.

The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.

Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.

 

Ways to cheat customers  

 

We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.

The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.

Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.

In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.

 

Where are brokerage companies registered?

 

One of the key points is the place of registration and regulation of the company's activities.

Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.

However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.

If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.

But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.

And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization,   considering disputes between its members - brokers and their clients.

If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.

 

What else to pay attention to?

 

When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.

It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.

Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.

Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.

Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.

FAQ - broker questions

  • 1. Do the trader reviews impact on a rating of 1BILLIONFOREX ?

    Any feedback can raise or lower the rating company. To read reviews, go into the rating and select your broker.

  • 2. How to leave a comment about 1BILLIONFOREX on the website 4ex.review ?

    In order to leave a review about the broker, go down page, enter a valid email and Your review with an overall score. Reviews are moderated and tracked by the number of comments from the same IP or email. Tech support may request the actual documents that prove that the user was or is a customer of the broker. This rule applies to negative and positive reviews. We want our portal to be honest and independent.

  • 3. Can we assume the broker 1BILLIONFOREX decent?

    Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. 1BILLIONFOREX received a score of 1 of 5 on our resource.

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