Rexor Investments Review
Clients of Rexor Investments are offered a choice of 2 account types, Standard and Fix. Fix accounts provide fixed spreads and, while Standard ones offer variable ones and, according to the broker’s website, use ECN technology. Otherwise, both account types offer leverage up to 1:400, commission-free trading and micro tradeable lots.
Besides, this broker provides swap-free services for investors of Islamic belief – such are available on Standard account type. PAMM trading services are also available with Rexor Investments.
Rexor Investments’s spreads are in fact above average: the ones on the Fix account are fixed at 3 pips on EUR/USD, while variable spreads on the Standard account are around 1.7 pips. In comparison, another offshore broker – FX Choice – offers spreads averaged 1.2 pips on EUR/USD on its commission-free accounts. For further information and comparison, you may check out real-time spreads of 15 leading brokers here.
As regards margin requirements, Rexor Investments is one of those brokers offering high leverage levels, up to 1:400. On the one hand, such high leverage levels allow traders to operate with large amounts of money by depositing small sums, but in the other, they involve greater risk.
The Company. Security of Funds
Rexor Investments is a brokerage operating across the globe, offering trading in a number of currency pairs, and various CFDs on three trading platforms: MetaTrader 4, MetaTrader 5, and cTrader. The brand is owned and operated by Rexor Investments limited, a company registered in Belize, which, however, is not licensed by the International Financial Services Commission (IFSC).
Rexor Investments claims that it takes special care to segregate all clients’ funds from the company assets and that it maintains an automated negative balance protection system. Unfortunately, there isn’t any regulatory body overseeing this broker’s activity.
Doing business with an unregulated broker could be extremely risky – you can easily lose your money and cannot get help to get it back. That is why we generally advise traders to stay away from such brokers and to choose among companies licensed by reputable regulators such as FCA or ASIC, for example.
Besides, we posted some questions on Rexor Investments’ live chat, but no one bothered to reply.
The broker supports several trading platforms: MetaTrader 4, MetaTrader 5, as well as cTrader.
MetaTrader 4 (MT4) offers a number of technical indicators, extensive back-testing environment, advanced charting package and is equipped with the most commonly used trading robots, as well as with options to add new ones.
MT4 comes in desktop, web and mobile versions. MT4 MultiTerminal and WebTrader are also available.
The MT5 was developed and promoted as an upgrading on MT4, yet many brokers still prefer the earlier technology, since MT5 does not allow hedging, and what is more, MT4’s indicators and Expert Advisors (EA) are not supported on the MT5 platform. More brokers using the MT5 can be viewed here.
cTrader is a trading platform, designed by Spotware to provide a pure ECN environment. It provides traders with access to a deep pool of liquidity providers, as well as a large set of advanced tools, such as a number of chart timeframes, 30 technical indicators, trend lines, Fibonacci levels, support and resistance lines, channels, market depth, etc. It is available as desktop, web and mobile versions with Rexor Investments.
Methods of Payment
Rexor Investments offers a large number of payments methods to accommodate all our clients: bank wire transfer, credit/debit cards and e-wallets Skrill, Perfect Money, FasaPay, and, OKPay, PAYER, WalletOne and PayCo.
Although it offers a number of trading platforms and various trading services (including ECN environment), we would not recommend Rexor Investments: It is registered offshore and its spreads are above average.
Rexor Investments Review Conclusion
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