On-line since: About the company: The broker is an IB partner of NordFX that holds the license No.C108006311 from the Financial Services Commission (Mauritius). 1billionforex is situated in Belize. It has thousands of clients all over the globe and cooperates with more than 20 banks of the highest level. Funds security The FSC Mauritius regulates the non-bank financial services sphere, in particular brokerage companies. Monitoring is carried out in accordance with international business rules. The regulator boosts business transparency and efficiency and guarantees safety of financial flows. However, traders do not fully trust this regulator as Mauritius is considered an offshore territory, though it has already become an acknowledged business center where the number of brokers grows every year. Trading conditions 1billionforex offers 8 account types and various trading instruments such as CFDs, indices, currency pairs, and metals. The Integral 0 Spread Account is intended for professional traders and features narrow spreads and low transaction cost. The minimum deposit is $20,000. The Account 1:1,000 provides a high leverage rate. The Micro account will suit beginners who want to learn trading on their own. This account is generally used as a transitional step from demo to the Standard account. Experienced traders choose the Standard account with better trading conditions than Micro and a full range of instruments. The Premium account allows its holders to trade with low spreads. The Standard-MT5 account is picked by experienced traders for best trading conditions and full range of trading instruments. Trading on this account is carried out through MetaTrader 5. Trading on the MT-ECN account is conducted via MetaTrader 4. If a client opens a ZuluTrade account with NordFX, he/she will get the unique opportunity to trade on Forex and use know-how of the best traders. The client fully controls their ZuluTrade account, including automated and manual trading. One of the key reasons behind the service’s popularity is access to various trading strategies. Minimum initial deposit The minimum deposit ranges from $5 on the Micro account to $50,000 on the Premium account. The broker provides its clients with a broad range of account types, so they can pick an account depending on a deposit: $5, $50, $1,000, $20,000, and $50,000. Commission and spreads Spreads start from 0 pips on Integral 0 Spread Account for EUR/USD, but a commission of $20-30 is charged. On some accounts, spreads make up 3 pips. Leverage The broker provides leverage from 1:10 to 1:1,000 and an opportunity to hedge funds. Trading platforms Trading is conducted through MT4 and MT5. Today MetaTrader is the most popular trading platform. Most traders use MT4 or MT5 for the vast number of technical indicators and user-friendly interface. MetaTrader supports most expert advisors, scalping and manual trading systems. Payment options The company’s clients can use the following payment methods: wire transfer, payment cards (MasterCard, Visa), Skrill, NETELLER, WebMoney, and CashU. Advantages:
Disadvantages:
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I can’t deal on the 1billionforex’d platform with an EA. I've suffered a lot with their fake price and delayed order execution. I had lost almost $1.2K so far. My trading environment is not profitable with this service.
So far I'm trading with 1billionforex, I’ve had no problems and customer support has been helpful with all of my questions. I’m satisfied and I won’t hesitate to invest bigger amounts.1billionforex is an honest and transparent broker and for almost 1 year I feel very profitable to trade here. Along my journey using their platform, it was great and well-managed.
As a beginner, I appreciate that 1billionforex offers different trading account types. I can choose one that suits my budget and capability. It is also great that they have learning materials to help us with our skills and knowledge.
I have been trading with 1billionforex broker for a year. Their platform is excellent, has top quality with low spreads, and stable. It has accurate pricing with the fastest execution of any broker, and I never got any requotes nor service interruption issues. I completely satisfied with all the services and servers. Trading with 1billionforex has always been pleasant and profitable. I would highly recommend 1billionforex to all traders.
1billionforex is one of the cheapest brokers around. I placed an order on the Gbp/Chf right after the SBN interest rate release. I closed this order after about 97 pips profiting $245. Next day I made a withdrawal request of $200 they disabled my account and their customer support did not reveal the reason, they just told me 1billionforex broker has right to disable any account and hold all payment and profit made on it. I am so much frustrated. Traders should stay away from 1billionforex broker.
A few months ago, I started an account at 1billionforex. This broker was recommended by a friend and so far, I can see why my friend loves this broker so much. The customer support is very easy to contact and they respond promptly, the trading platform is always in good condition, and the trading cost is lower than its competitors. So far, my portfolio is looking good despite being new to the industry.
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