Forex Broker Inc, owned by Noble Services Ltd, was registered in Malta in 2012. It is headquartered in Belize (Central America) and has offices in the UK and Japan.
Although being quite young, Forex Broker Inc has gained a reputation of a reliable multi-skilled broker.
Following quite expansive policy, the broker pays a lot of attention to enhancing trading technologies, expanding the range of trading instruments and improving the quality of services. The company is customer focused and strives to create trading conditions best meeting requirements of every client.
The broker is offering the following trading instruments:
- Currency pairs (40 pairs, 8 exotic ones);
- Options and futures;
- Precious metals;
Deposits and Withdrawals
The broker does not offer a variety of financial instruments for depositing and withdrawing funds. Customers can make transactions by bank transfer or using credit cards.
This is compensated by the fact that all payments are made accurately and in due time:
- Bank transfer – 1-2 banking days;
- Credit card payments are made within one banking day.
Forex Broker Inc is unregulated broker. In its financial activity the company follows regulations of those countries, which are considered “financial centers” of the world. But such “selfdeclaring” does not make the broker more reliable.
At the same time, being an ECN broker and actively cooperating with the world’s largest liquidity providers which are the major international banks, the company ensured high level of liquidity.
Along with wide use of segregated accounts, all the above is a strong proof of the company reliability.
Bonuses and Promotions
As already mentioned, Forex Broker Inc is following a very aggressive marketing policy in order to expand its customer base. Under its strategy, the broker is offering various bonus programs, of which the following ones are worth particular attention (especially of beginner traders):
- Welcome Bonus. Opening a real trading account with Forex Broker Inc and making a deposit, a customer gets 100% first deposit bonus. Customers can withdraw bonus money from the trading account only after meeting trade volume requirements;
- Loyalty Bonus. Under the program, when making the next deposit a customer gets an additional bonus. Like welcome bonus, this one is intended for trading operations;
- Refer a Friend. This is a referral program, allowing a customer to get bonus for each new client invited. The bonus is credited to the account after the referral opens a live account and makes a deposit. The bonus is a percentage of the referral initial deposit.
Apart from promotions, the company holds different contests and tournaments, in which owners of live and demo accounts can take part.
More details about the terms of bonus programs, contests and tournaments are available on the company’s official website.
Trading Accounts Types
Forex Broker Inc is offering the following accounts types to its clients:
|Account type||Minimum traded volume(lot)||Minimum deposit ($)||Spread type||Minimum spread (pips)||Commission ($)||Leverage|
|Gold (ECN)||0.1||100||variable||0.3||1.5||from 1:1 to 1:500|
|Platinum (ECN)||0.01||100||variable||0.3||1||from 1:1 to 1:500|
|Platinum (Variable)||0.01||100||variable||1||No||from 1:1 to 1:500|
Five-digit exchange quotations are common for all accounts.
Accounts can be opened in USD, EUR or JPY.
Trading Platforms Types
Forex Broker Inc is offering MetaTrader 4 trading platform to its customers. Traders can use both desktop version of the platform and its mobile versions, including web based one.
Besides, web based FB Webtrader platform by Sirix is available to customers of the company.
Customer service supports two languages: English and Japanese. It is working in 24/5 mode.
You can contact the support team in the following ways:
- Live chat.
Pros of Trading with Forexbrokerinc
The list of Forex Broker Inc advantages looks as follows:
- Not high initial deposit;
- Narrow variable spreads;
- Wide range of trading tools;
- Great choice of contests, promotions and bonuses;
- High level of customer assets protection.
The main disadvantages include:
- “mono language” trading platform;
- no E-Wallet payment option;
- no licenses.
Kerry Adams: I’ve been working with the broker for half a year. In general it’s not bad. Fast customer verification uncommon for European brokers was a surprise.
FrancJo: I prefer dealing with ECN brokers and got used to inevitable slippages. So I was very glad to see accurate order execution at FBI. Special thanks for multiple contests and tournaments.
Forex Broker Inc (FBI) is the only European broker that avows its focus on US traders. In this regard the company management should pay attention to an evident discrepancy – it is difficult to attract US traders by such poor selection of technology and, what is particularly important, a lack of license from an authoritative regulator. However, despite having no licenses, the company managed to gain firm ground among reliable and honest brokers.