On-line since: About company: Forenexx, a NDD broker, entered the world forex market in 2014. Forenexx provides its clients with NDD-execution and the MetaTrader4 & Trading Station II trading platform. The company asserts that it does not work as a dealing center, but offers the unique trading MFT system (Multilateral Trading Facility) for customers from Russia and the CIS countries. The main advantages of such trading are super-fast order execution within 2ms, transparent work, low transaction costs, and affordable prices in real time with the market depth of up to 20 levels. The company was recognized by experts as one of the most high developing and successful forex brokers in the world. FORENEXX's clients can trade currency pairs, indices, precious metals, and commodities through LMAX Exchange. The STP-DMA technology allows traders to interact with liquidity providers directly, without any intermediaries. Trading is carried out via MetaTrader 4 and the Gwazy Hybrid Option platforms for trading hybrid options. FORENEXX CIS (Expert Vostok company) is registered in the Russian Federation and belongs to the group of companies under the Forenexx brand. The broker is regulated by the FCA. FORENEXX offers four types of trading accounts with a minimum deposit from $500 on Standard account. The account's owners have access to all main trading propositions of the company, including VPS service, 24/7 support, and analytic resources. A personal manager is available to owners of Professional account, which can be opened with a deposit of no less than $5,000. VIP clients have even more advantages: an entire analytical team provides them with assistance in trading. Other VIP advantages include funds transfer without commissions, programming, an account with the largest minimum deposit ($100,000), and the 1-1 interactive trading, which is not available on other accounts. According to the company, the FORENEXX's platform offers a wide range of analytical resources. Moreover, the broker is the only service provider of the three leaders of analytical support: DailyFX PLUS, Trading Central, and AutoChartist.com. Forenexx unites the largest IT companies specializing in algorithmic trading and HFT systems, which are regulated by NFA and the FCA. The company offers its customers to become introducing brokers and get an affiliate commission, which is one of the highest in the industry. Partners receive a 1.6-pip commission for every forex transaction of a referral. Attracted clients are counted with help of referral links. FORENEXX regularly publishes analytical materials. The broker also educates its traders by means of video lectures posted on the site. The opinion of the review`s author is private and not obligated to reflect the position of the resource. If you have any remarks and suggestions on new articles please contact us via this form.
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I have use forenexx for 6 month by following their daily analysis 100% and I have gain 40% from 500 USD deposit via perfect money. So far their analysis can be reliable and to me 40% is a big amount of profit for someone like me that don’t have time in making analysis. Usually I will pick 3 pairs which EURUSD, USDJPY and GBPUSD and maximum lot for 1 pairs is 0.03 so that I can hold negative floating position longer. Their spread from 0.1 pip make me feel good using pending order style because so far all pending order have been taken nicely. Platform never give me a problem and I’m not open the platform 24 hours so I’m not facing platform become freeze during trading hour or slow execution when I place an orders. Overall they are just like other reliable broker that give good services to their clients.
I have been trading with Fonexx for more than six months. I can confirm that this company is honest (at least up to acceptable levels). My account manager was always there to check up on me and asks me whether my trades were doing good and if not, he will spend several minutes on the phone with me just to suggest different solutions and do some follow up. The cent account functions exactly the same as a standard account and is an excellent tool for testing systems. they also have FREE technical analysis that will ensure profits of your deposited funds. With Forenexx you minimize losses and Maximize profits.
Forenexx is one of the cheapest broker around. Last week I had a limit order on GBP/USD and they executed my order 55 pips away from my entry price, stealing me $155! I tried to complain by chatting services they reply me saying platform problem, internet problem etc. This means that these persons who chat with us don’t have any idea bout trading. I have to switch this broker now.
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