Real Forex is a Forex broker offering online trading on a wide range of currency pairs, as well as various CFD instruments through the MetaTrader 4 platform. The brand is operated by RFX GLOBAL TRADING LTD. - a company for which there is no information on the broker's website. The results of our online research allow us to believe that its headquarters may be located in Tel Aviv, Israel.
A wide range of services, including Zulu Trade, which provides the ability to copy the trading strategies of successful traders and duplicate their trades. Auto-Trading Bot allows scalping, resulting in traders using robots to trade. Educational Programs: Real Forex offers tutorials on the use of various trading strategies and tools. However, webinars and news reports are out of date and repetitive. Private Community Interactive Channel: Users can also access other registered users and have the ability to exchange useful market-related information. New traders receive daily technical analysis, advice and opinions from top analysts and market experts.
Accounts and currencies
Account types: ECN. Besides the demo account and the regular one, there are several types of trading accounts. Classic account - the minimum deposit is $ 2000, there are more than 30 instruments to choose from, no commission on any transactions. VIP account - minimum deposit of $ 10,000, some trades are charged with a small commission. To open an institutional account, you need $ 50,000.
Account currency: USD
The deposit starts from $ 500.
Spreads and commissions
Spreads start from 1.5 pips. The upper limit is 2.7.
Maximum 1: 200.
Broker Real-Forex offers its clients two working platforms - MetaTrader 4 and its mobile version MT4 Mobile, as well as its own development platform Real-ECN Forex, which offers direct connection to the ECN market, where traders can work with dozens of leading banks.
MetaTrader 4 needs no comment and is still the most popular platform and software for online trading.
Real Forex offers MT4 platform for iPhone owners. With MT4 Mobile, traders can monitor their account, execute trades and use 30 technical indicators to analyze the market. Quotes of financial instruments, a full range of trading orders, including pending orders, different modes, 3 types of charts and 30 technical indicators.
The support service is available 24/7, you can contact the specialists by phone, email or chat on the broker's page. The languages of communication are English, French, Russian, Hebrew.
Reviews of traders
“Real-Forex is owned by Finocorp Ltd. After some verification, it turns out that Finocorp Ltd. is a company registered in Belize. In addition, Real-Forex, using contact information, uses a UK phone number, but no address. It is very suspicious when, when checking contact information, you do not find any names or addresses. They also claim that their accounts are audited by a “well-known auditor,” but do not say which one. I, for one, would be very careful about investing any money in these people. ”Pete, USA, May 16, 2011.
company activity is not regulated very little specific information about the broker lack of bonuses and promotions limited access to many functions high spreads
REALFOREX 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.
The broker REALFOREX 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.
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.
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.
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.
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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. REALFOREX received a score of 1 of 5 on our resource.