RetailFX is a company that focuses on Foreign Exchange (Forex) trading. Estimated volume for that particular market is pegged over $3.2 trillion a day. Trading there can be open-ended and risky. RetailFX's founders have been active in risk management for more than 10 years. It describes its mission as providing “customers from around the world with sophisticated backend trading and hedging technology combined with personal customer service.”
RetailFX Ltd. is a registered Cypriot Investment Firm (CIF) with the Cypriot Securities & Exchange Commission (CySEC). It states that it adheres to the regulatory standards of the European financial authorities and follows precise due diligence procedures and trading practices. It suggests that potential customers visit the CySEC website for verification purposes.
The essence of Forex trading involves trading currency pairs and RetailFX provides a comprehensive list of those pairs and their spreads under the services tab of its main web page. The website is commendable for its simplicity and tools for signing up and trading seem to be readily available.
Under its FAQ section RetailFX states that it assumes “that every trader that registers at RetailFX is trading Forex for the first time.” This could indeed be good news for the first time trader. Free guides and tutorials are only available if you are willing to surrender the company your email address. A Forex glossary is accessible at the website itself.
RetailFX offers a demo account option and also states that its trading platform called WebTrader is ready for use on the web without requiring a download. That serves to differentiate it from many of its competitors. The typical claims regarding value for dollar and minimization of risk are made here as well.
The disclaimer section does offer some possibly bad news to certain potential customers, however. Along with the usual warning about risk is a prominently displayed proviso: “Please note, RetailFX does not accept any trading activity from U.S based customers.”
FAQ - BROKER QUESTIONS RETAILFX
- Do trader reviews affect the rating of RETAILFX?
- How to leave a review about RETAILFX on the ita.promo website?
To leave a review about the broker, scroll down the page, enter a valid email and your review with an overall rating. Reviews are moderated and tracked by the number of comments left from one IP or email. The site's technical support may request real documents proving that the user was or is a client of the broker. This rule applies to both negative and positive reviews. We want our portal to be honest and independent.
- Can the broker RETAILFX be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. RETAILFX received a rating of 3.3 out of 5 on our resource.
Алекс
25.03.2024 • 4.0 / 5
Открыл счет у этого брокера больше года назад, и в целом я доволен. Платформа удобная, хотя не всегда стабильная — в моменты высокой активности может подтормаживать. Самое главное — это поддержка клиентов. Они действительно помогают, хотя иногда ответы приходят с задержкой. Приятно, что вывод средств проходит без проблем, хотя иногда дольше, чем хотелось бы. Важно отметить, что комиссии и сборы могли бы быть прозрачнее — не всегда ясно, откуда появляются дополнительные расходы. В остальном брокер хорош, можно работать.
Дмитрий
19.01.2021 • 2.5 / 5
Торговал около года до тех пор, пока мне хватало валютных пар. Потом мой уровень повысился и мне захотелось больше инструментов, активов. А у этого брокера выбора нет, и когда я ушёл, то ощущение было, словно я из лужи выбрался в полноводную реку.