Real Forex Review
Unfortunately, the website of Real Forex is not very informative – there is no data about different account types or trading conditions, except the statement that the broker utilizes ECN execution. When we downloaded the broker’s MetaTrader 4 demo version, it became clear that the maximum leverage available is 1:100, the variable spreads are around 2.1 pips on EUR USD and that no commission fees apply.
There is no information about the minimum initial deposit required by Real Forex either. Our experience with forex brokers leads us to believe that when there are so many important things missing in a company’s website, it is either a scam, or its trading conditions are not good. In either case, a typical variable spread above 2 pips on EUR/USD is too wide to appear attractive. Most forex brokers offer spreads within the range of 1.0 – 1.5 pips for this pair.
The Company. Security of Funds
RFX GLOBAL TRADING LTD
Real Forex is a FX broker, offering online trading in a wide range of currency pairs, as well various CFDs through the MetaTrader 4 platform. The brand is operated by RFX GLOBAL TRADING LTD., a company for which there isn’t any information on the broker’s website. The results from our online research lead us to believe that it might be headquartered in Tel Aviv, Israel.
In either case, this company is not regulated, nor supervised by any financial authority. We keep outlining that doing business with a non-regulated (or offshore) broker is not advisable. There are many scams out there, ready to take your money and disappear afterwards, so you’d better select among brokerages licensed by reputable regulators, such as UK’s FCA or Australia’s ASIC.
Real Forex offers its clients the standard forex market trading platform – MetaTrader4 (MT4), available as desktop and mobile versions.
MT4 offers all a trader needs: many technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing environment. Traders can download ready-made or create their own automated trading strategies and simply let the program do all the work.
Methods of Payment
Real Forex account deposits and withdrawals can be performed by Bank wire transfer and credit cards (Visa, Mastercard and Diners). Popular e-wallets such as Skrill & PayPal are not available with this broker.
Real Forex is forex and CFD broker that provides very little information on its website, which always raises a red flag that it could be a scam. Obviously, it is not regulated and besides, its spreads are high.
Real Forex Review Conclusion
For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about Real Forex Review.