On-line since: About the company: Real Forex is a forex broker offering online trading a wide range of currency pairs, as well as various CFD tools through the MetaTrader 4 platform. The brand is run by RFX GLOBAL TRADING LTD. However, there is no information on the broker's website about this company. The results of our online research suggest that its headquarters may be located in Tel Aviv, Israel. Company features:
Accounts and currencies Account types: ECN. Apart from a demo account and a live account, there are several types of trading accounts. Account Classic: the minimum deposit is $2,000 with more than 30 trading tools to choose from and no transactions commission. VIP account: the minimum deposit is $10,000, some transactions are charged with a fee. For opening an institutional account, $50,000 is required. Account currency: USD Minimum deposit Deposit starts from $500 Spreads and Commissions Spreads start at 1.5 pips. The upper limit is 2.7. Maximum leverage: 1:200. Trading platforms: The Real-Forex broker offers two trading platforms - MetaTrader 4 and its mobile version MT4 Mobile. The broker developed its own trading platform, Real-ECN Forex, which offers a direct connection to the ECN market, where traders can work with dozens of leading banks. MetaTrader 4 is still the most popular platform and software for online trading. MT4 Mobile Real Forex provides the MT4 platform for iPhone users. With MT4 Mobile, traders have control over their account, can make transactions and can use 30 technical indicators for analyzing the market. Quotes of financial instruments, a full toolkit of trading orders, including pending, different modes, 3 types of charts, and 30 technical indicators. Customer support The support service is available 24/7, you can contact it by phone, email, or chat listed on the broker's page. Languages spoken: English, French, Russian, and Hebrew. Traders’ reviews “Real-Forex is owned by Finocorp Ltd. After some investigation, it turned out that Finocorp Ltd. is a company registered in Belize. In addition, Real-Forex, providing its contact information, uses a UK phone number but doesn’t give any address. It is quite suspicious not to find any names or address when looking for contact information. They also claim that their accounts are verified by a "well-known auditor", but do not state which ones. Personally, I would not invest anything with this company. ” Pete, USA, May 16, 2011. Advantages:
Disadvantages:
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I have enjoyed scalping trade with the Real Forex platform so far. As they have a fixed spread and super-fast execution on the MT4 platform, which hales me a hassle-free scalping in the market. So I can run my business perfectly. Besides their free signal, technical indicators, and charting tools are awesome too. Their payment always fasts via Neteller too. So, I am satisfied with the Real Forex broker and I will continue trading with them.
I don't like to trade with Real Forex broker. They are not a reliable and professional broker. I joined them last year and trade with them uncomfortably. The broker is cheated on me. Every fees, rules and policy are not clear because they are not being transparent to their client so they can make a changes as their wish without notify. Also, the platform isn't working great also easy hard to customize. I have earned a profit and withdraw my profit hardly, I need to wait until 2 weeks for withdrawal process. Not a recommended broker.
I can say Real Forex is a very suitable borker for all traders. Account opening and deposits are pretty easy. Has a lot bonus campaigning. It has a incorporated ZuluTrade platform. They works hard to create new instruments and services so that to provide its clients with the best trading technologies. Keep it up!
Real Forex said that the highest spread that could charge is 2.7 pips but in my three months of experience trading with them, I was charged with trading fees that are way beyond that limit. The highest that I got was 9 pips which was just too much.
The Real-Forex broker is unprofessional. Their trading platform is not working great, and the spread is awful. I always get into a problem during my trading. Last week I had many losses because of it adding slippages to the list. Also, requotes happened often. My money keeps decreasing day by day trading with them, I have found that the platform was hang up all the time, So I can't be placed or closed an order. It's so difficult for me at a high market. I decided to stop trading with them, and I don't recommend them.
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