Editor’s Verdict
Overview
Review
Headquarters | Panama |
|---|---|
Year Established | 2007 |
US Persons Accepted? |
Forex Metal is self-described as providing services that allow customers to trade on Forex (Foreign Exchange) and CFD (contract for difference) online. The Forex Metal website mentions its professional team with years of experience to assist its clients with trading. Not much more, if anything, is offered regarding the company’s origins, location or history.
Highlights mentioned for traders include $0 commission on Forex trading and 1:200 leverage. For accounts with balances of up to $500 the leverage is 1:500.
Forex Metal has a number of other highlights that help a beginner or expert trader succeed. First and foremost the website has over 50 forex pairs listed as well as a currency pairs chart for trading forex. One can find many tutorials on each aspect of this field as well as available staff to answer any questions that arise. Trading with Forex Metal is easy since they take bank wire transfers, major credit cards and Cash U. Another great feature that is becoming more and more popular is the Mobile Trading tool. Forex Metal is now available on iPods, iPhones, Android smartphones and iPads. Through this tool one can place buy and sell orders, see their past history, economic news calendars, and profit calculators.
Forex Metal using the MetaTrader 4 platform facilitates trades. This well-known software is described as “the best platform for Forex and CFD trading available today on the market.” Its widespread usage may actually substantiate that claim. MetaTrader 4 does offer the capability to trade various FX and CFD instruments from a single account, with unlimited charts, real-time data feeds and news, as well as instant execution of orders.
As with most other firms offering MetaTrader 4 for download Forex Metal lets those new to trading download the platform and open a demo account. Mobile trading options via PDA are also available as part of Forex Metal’s offerings. Minimum system requirements are given as a PDA, Windows Pocket PC 2002 or higher. A bit more specificity might help. A specific mention of the kind of support services offered by Forex Metal staff is somewhat hard to nail down at the website itself.
Forex Metal provides a thorough and extensive weekly technical analysis that breaks down each of the major Forex currency pairs to help you with your trading. There is also a section for Fundamental analyses but that doesn't seem to be updated as often.
The Forex Metal website is reflective of its efforts to serve clients in a multiplicity of languages besides English. Services appear to be available as well in German, French, Russian, Bahasa (the official language of Indonesia) and Chinese. Like many competitors Forex Metal offers some help to the uninitiated regarding Forex and CFD trading as well as tutorial materials and a forum designed to bring traders up to speed and real-world competence and awareness of risk.
Trading Platform
