Forex FS Review – is Forex FS Scam or Legit Broker?

Forex FS

2.8

Rating

2.8/5

Pros

  • ASIC Regulated
  • 50 Currency Pairs
  • Demo Trading
  • Attentive Customer Support

Cons

  • Limited Deposit Options
  • No Bonuses or Promotions
  • No Stocks Available for Trading

Forex FS is actually a forex financial services company that will be licensed by the AFSL. Customers obtain to love the complete spread of services and products, live accounts, and a demonstration accounts. This organization prides itself upon its own law, and its particular customer-centric operations. Forex FS delivers typical accounts and also a specialist account, and most of the forex currency trading services are given over the multi-award-winning MetaTrader 4 stage. Forex FS was created in 2008 and is considered by customers to be described as a trusted financial services company.
Forex FS supplies a range of services and products, especially a number of forex pairs, indicator CFDs, and commodity CFDs. Low prices, competitive spreads, and low commissions are a number of many factors why traders flock into the forex currency trading brokerage. Total disclosure, adherence to anti-money laundering (AML), understand your customer (KYC), and privacy considerations are submitted and related to all enrolled customers. This forex broker additionally provides customers with the complete spread of financial resources like economic indexes, a glossary, FAQs, and also an up to date financial events calendar.

Overview/ desktop

Forex FS was created in 2008. 10 years after, this forex broker goes strong, as a result of the sterling reputation, low commissions and fees, transparency, and customer-centric focus. It’s an Australian-based FSC (Financial Services Company). Forex FS is regulated and licensed, thanks to ASIC (Australian Securities & Investment Commission), together with AFSL #323193 and ABN #84-129-217-812.

This forex services company works together with customers to help them reach their forex currency trading requirements. By offering the essential trading platform and applications, increased service delivery is potential. Mobile functionality, PC, and Mac trading is currently available, along with EA technology (expert advisors). Privacy controls, customer security and protection, and transparency are both all front and center for this specific forex brokerage. Every one of the trading actions in MT4 comes preloaded with heaps of indicators that are built-in, 2 Way pricing, and nearly 5 dozen major, minor, and also currency pairs that are exotic. Using leverage as large as 1:400, Forex FS positions up with the finest of these.

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Account Types

Standard Accounts and Pro Accounts are accessible to traders in Forex FS. The profits of all these are discussed briefly underneath:

  • Standard Account

There aren’t any commissions employed to conventional accounts, and also the deposit demanded of customers is currently 100. With conventional accounts, customers may enjoy competitive spreads on major currency pairs, and also affordable spreads on exotic and minor pairs. The minimum lot size which may be traded is 0.01, together with increments in steps of 0.01. Impact begins at 1:100 and certainly will be increased as large as 1:400 depending up on Forex FS approval. Automatic closure of places happens, and a vast array of requests is accepted, for example Stop, Market, and Limit orders. Traders can conduct short rankings and long spans with the equal money pair simultaneously. Every one of the trading activity occurs on MetaTrader 4.

  • Pro Account

The Pro Account a.k.a. Professional Account is tailored for experienced customers. The minimum deposit to open this account is $1, 000 plus it gives customers the use of reverse spreads. Spreads begin from only 0 to most significant currencies. The minimum size is 0.01, plus also increases in increments of 0.01. Much like the Standard Account, leverage begins at 1:100 and climbs to 1:400 depending upon petition and approval from Forex FS. Other profits comprise stop orders, limit orders, and marketplace orders, and without any slippage under ordinary forex marketplace requirements, and automated closure of forex places. Much like the Standard Account, trading occurs on MetaTrader 4.

Trading Platform/ applications

Forex FS trading has been powered by MetaTrader 4 (MT4). That is considered the golden standard in forex trading, also due to its numerous profits it provides traders. To begin with, MetaTrader 4 is compatible with PC, Mac, Android, along with iOS apparatus. This instinctive trading platform will be peerless in FX trading, and Forex FS has encouraged MT4 to satisfy its customers ‘ needs. Full technical analysis is supported, with 30 indicators and charting tools available.

Clients can set their time periods from several minutes to several months and enjoy a full spectrum of trading features and functions. With automated trading activity, clients are freed up to do other things while the trading platform takes care of business activity. Forex FS MT4 is available for Mac, PC, mobile (iPhone, iPad, Android smartphone, tablet et cetera) at the click of a button. Expert Advisors are fully supported with MetaTrader 4, hence the automated trading functionality.

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Forex FS also features the PAMM solution for trading currencies. This percent allocation management module allows multiple accounts to be managed simultaneously. As soon as deposits are made, clients will be allocated a percentage of the master account equity to perform their trading activity. The Forex FS MetaTrader 4 PAMM software is ideal for multi-account management. The trading platform and software also comes with forex trading tutorials and platform to tutorials.

Deposit options

During the registration process, clients have access to multiple deposit options. These include online banking methods such as the National Australia Bank, with multiple currencies supported (SGD, USD, NZD, GBP, EUR, CHF, and AUD). Other payment options include NETELLER, MasterCard, Visa, Skrill, POLi. Each of these payment methods for funding accounts is guaranteed safe and secure, thanks to SSL encryption, account verification, username/password combinations, and firewall security. All client funds are maintained in segregated accounts with the National Australia Bank (NAB).

Markets

Multiple stores are currently supported, including gold and silver, and dozens of currency pairs.

The product schedule includes the following forex options:

  • 45 currency pairs including major pairs, minor pairs, and exotic currency pairs. Typical examples of forex pairs include AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/SGD, AUD/USD, CAD/CHF, CAD/JPY, CAD/SGD, EUR/AUD, EUR/AUD, EUR/JPY, EUR/NOK, EUR/TRY, EUR/USD, GBP/NOK, and others.

Standard commodity CFDs include the following tradable options:

  • WTI (West Texas intermediate), NGAS (natural gas), Brent crude oil, XAGUSD, and XAUUSD. No commissions, variable spreads, and 0.01 – 0.1 trading step sizes are applicable.

Standard index CFDs include:

  • AUS 200, CAC 40, CN, CNA 50, DAX 30, DowJ 30, FTSE 100, HK 50, NAS 100, SG 30, SPX 500 et cetera.

The Pro Account also features forex pairs, commodity CFDs, and index CFDs.

Bonuses

At the time of writing, our forex reviewers were unable to source any bonuses or promotional offers being showcased at Forex FS. It is worth contacting customer support for further information about upcoming promotional offers that may be available.

  • Customer Support
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Clients can obtain in touch with customer service representatives via email, telephone, and regular mail.

Email – [emailprotected]

Telephone Toll-Free – 1-800-186-364 or International 61-2-9048-3800

Physical Address –

International Towers One
Level 23
100 Barangaroo Avenue
BARANGAROO NSW 2000
AUSTRALIA

Customer service representatives are contacted in-office medially the hours of 9 AM and 7 PM AEST from Monday through Friday. Customer service representatives are professional, polite, and prompt with their responses. They have in-depth training to deal with technical, trading, account registration, banking and regulatory issues.

Safety

Safety and security are at the top of the agenda for Forex FS brokerage. This financial services provider is fully licensed and regulated by ASIC (Australian Securities and Investment Commission) with AFSL #323193, and ABN #84-129-217-812. Fully segregated accounts are in place, with client funds entrusted to National Australia Bank, separate from company funds. SSL encryption (secure socket layer), file security, and maximum client account integrity are assured. This reputable broker is revered for its transparency, low amount structure, and a wide range of forex trading stocks. There are positive client reviews on external review sites, making it a trusted provider of Forex trading services.

Ease of Use

Forex FS is easy to use and secure. Once clients have completed the registration process, supplied the relevant ID documentation and banking information, they can easily move on to a demo account or a real money account. MT4 is intuitive and packed with trading tools and features such as charts and graphs and other technical analysis functions to make it easy to trade forex online.

Final Thoughts

Forex FS is a fully licensed and regulated broker offering a range of trading services to clients. These include CFD trading, forex trading, and commodities trading from the comforts of home, or on the go. With segregated accounts, positive client reviews, and MetaTrader 4, clients can enjoy all the profits provided by this forex broker. As with all brokerages, it is important to understand the inherent risks of trading forex – a volatile financial instrument.

Internet Site:
www.forexfs.com.au
Telephone:
1-800-186-364
Legislation:
ASIC
Pairs provided:
Significant pairs, Minor pairs, Exotic pairs
Minimum Deposit:
$100
Spreads From:
1.5 PIPs
Max Leverage:
400:1
Markets:
Forex, Commodities CFDs, Index CFDs