ForexTrading is a SaxoBank forex trading service provider. Unlike many other forex brokers on the market, ForexTrading can be considered to be a large forex broker mainly because it's owned by the very popular and large Saxo Bank Group. Saxo Bank is one of the largest financial service providers on the market.
ForexTrading provides high-quality forex trading services to clients globally. The broker allows traders the possibility to choose an "account type" when they register. The "account type" refers to the spreads the broker will offer traders based on the amount of traders' initial deposit.
Spreads can range from 3 pips in case traders deposit less than $100 and 0.8 pips if an account is funded with over $100,000. Still, there are many intermediary levels available for deposits as low as just $1,000 that offers pips of 1.8.
The broker also offers a large selection of forex currency pairs which are as follows: EUR/USD, AUD/USD, EUR/GBP, USD/JPY, EUR/CHF, GBP/USD, EUR/JPY, AUD/JPY, USD/CHF, USD/CAD, XAG/USD, and XAU/USD.
At this moment the services offered by ForexTrading are only available on the MetaTrader 4 platform. Still, the MetaTrader 4 platform is one of the most popular and widely used trading platforms on the market, meaning that the availability of just this platform only will satisfy the needs of most traders.
The MetaTrader 4 platform is also available at ForexTrading in its browser-based and smartphone-based variants. This way traders will be able to trade at ForexTrading without having to install a desktop application on their computers.
Depositing and withdrawing money at ForexTrading is possible though wire transfers and credit card transfers. ForexTrading only accepts money deposits made from bank accounts and credit cards that are being managed by a licensed financial institution. The account or credit card in question will have to be on the trader's name.
In case of credit cards, both Visa and MasterCard are accepted.
Withdrawing funds is possible using the same method as the one used during depositing. In order words, if a trader has made a deposit using wire transfer, then withdrawing money is only possible with wire transfer.
Traders will also be asked to prove their identity and addresses when they request a withdrawal. This is a standard security practice that is in place to prevent fraud. This rule is in compliance with the regulatory criteria requested by the Cyprus Securities and Exchange Commission.
Additionally, traders will have to remember that wire transfer withdrawals up to $1,000 will be charged with a fee of $10 and wire transfer withdrawals above $1,000 will be charged with $20. Credit card withdrawals will be charged with a fee of 3.5% from the withdrawn amount.
ForexTrading offers a 25% deposit bonus. This means that traders will receive an additional 25% of their deposit added into their cashiers for free. In order to be eligible to this bonus, traders will have to make a minimum deposit of $500. The maximum receivable bonus is $4,000.
Traders will also have to remember that they will not be eligible to withdraw the bonus right after they have received it. The bonus money (not profits generated) can only be withdrawn after a trading volume of 20,000 multiplied with the bonus amount is completed. This rule is pretty standard in the industry since otherwise traders would just withdraw their bonuses right away and earn free money without actually trading.
The fastest way to contact ForexTrading.com is through live chat. A knowledgeable live chat representative is always available to promptly answer any questions traders may have. Additionally, the broker can also be contacted using the phone numbers or the email addresses provided.
ForexTrading is already one of the top 10 forex brokers but it's expected that its popularity is going to increase further during the near future. The broker provides high-quality services, low spreads and is backed by Saxo Bank, one of the largest financial service providers on the market.
A great aspect about ForexTrading is the fact that it offers deposit bonuses to new clients. This way newly registered traders will have the possibility to boost their bankrolls will free money that is being offered by the broker after making a real money deposit.