On-line since: About the company: Forex Prince, an offshore broker and market maker, has been operating since 2012. The company’s clients can trade a wide range of currency pairs, precious metals, indices, and commodity CFDs using the MT4 platform. The Forex Prince brand is owned by IC GLOBAL LTD (registration number 22747 IBC 2015) that operates under the jurisdiction of the St. Vincent and the Grenadines (SVG), one of the weakest regulators in the world. Trading instruments:
Trading platforms: MT4, MetaTrader 4 Mobile. Bonus: new clients get $50. This bonus is intended only for trading and cannot be withdrawn. Affiliate programs: available. Criticism by traders Trading with an offshore broker involves high risks. Therefore, it is safer to choose a partner among reputable brokers regulated by the EU or Australian agencies, such as the FCA or CySEC. Advantages: a variety of payment and withdrawal options, including cryptocurrencies. Disadvantages: weak regulation.
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I've found delayed execution and slippage issues with the Forex Prince broker. As the MT4 platform executes 10 to 20-sec delay, which effect is 5 to 30 pips slippage from the desired position. Beside their payment service is worst too. So I've decided to leave trading from Forex Prince broker.
I'm so glad that I found Forex Prince for my trading. They have good trading conditions and provide useful trading tools. I like their platform, it's working great and smoothly. Their MT4 platform is stable even during the volatile market. They provide analytical tools for trading, which really help me to make a trading strategy. I have earned significant profit many times here, and always easy to withdraw. Trading cost is low, and they don't have a hidden commission because they are always transparent about the payment to clients. Forex Prince is the best broker for me. I will keep trading with them because I feel comfortable.
In general I am really not pleased with Forex Prince broker. On 11th march l I had a short trade on Eur/Jpy with a take profit of about 78 pips and next day I found they canceled my trade without any notice. When I email them, they made a excuse that cancel my trade because of abnormal movement in my EA. Then I realize that they are against the trader’s profit. So I determined to withdraw my all money and I put a withdrawal request on 19th March but they did not process it yet. I'm now planning to make a scam report about Forex Prince broker.
Forex Prince is a good and recommendable broker. I'm trading with them for six months already, and I never get any difficulties during my trading with them. I got a bonus of $50 in the beginning and started to trade with them. I'm using their MT4 platform for trading, the platform is working smoothly without any obstacles. They provide news and analysis that help me to make a trading decision. The deposit and withdrawal are easy and efficient. Trading cost is low and affordable. Also, sometimes I'm trading by my mobile using MT4 Mobile. I'm totally satisfied with their services, so I will keep trading with Forex Prince.
Forex Prince has different account types which are suitable for different levels of trader and I think it is great for giving equal opportunities to clients. I have been with them for nine months now and I can say that all their trading services are incredible. I am having a very pleasant experience.
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