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FaroFX.com Cyprus Based Forex Trading Broker Review

 

 

Below is a Forex review of online forex broker FaroFX.com. FaroFX.com forex trading broker is based in Cyprus. Below is a list of the most common questions about FaroFX.com that traders ask about this broker.

 

FaroFX is owned by RetailFX Ltd.

Forex Broker reviews - FaroFX.com

 

 

Where is FaroFX.com currency broker based

FaroFX based in Cyprus, its address is:

 

7 Omirou Street, 2nd floor, 3095,

Limassol,

Cyprus.

 

Is FaroFX.com a licensed and regulated Forex broker

Details of the license, registration and regulation of this FX broker can be found on the broker’s website.

 

FaroFX is regulated by the Cyprus Securities & Exchange Commission, CySEC, License Number 109/10.

 

 

What is the execution method of FaroFX.com

STP, Straight through Processing with automatic execution, Non-Dealing Desk execution

 


 

 

Financial Instruments provided for trading by FaroFX.com

Currencies

Commodities

Indices

 

What are the forex account types of FaroFX.com

Forex broker

  • Bronze Account
  • Silver Account
  • Gold Account
  • VIP Account

 

Does FaroFX.com have Islamic Forex Trading Accounts

FaroFX provides swap free Islamic Accounts with minimum account opening balance of $1,000

 

What are the terms for demo accounts for FaroFX.com

$10,000 dollars forex demo trading account is provided for practice forex trading

 

How is the withdraw and deposit process of FaroFX.com

Credit Card, PayPal, WebMoney, Skrill, Neteller, MoneyGram, Western Union and Bank Wire transfer methods of funds transfer are provided for deposit and withdraw of funds.

Withdraw processing fee - $25

 

Maximum amount per each deposit - $5,000

 

 


What is the minimum account opening capital for FaroFX.com

 

 

$100 dollars is the minimum account opening balance

  • Bronze Account - $100
  • Silver Account - $1,000
  • Gold Account - $10,000
  • VIP Account - $50,000

 

Does FaroFX.com give an account opening deposit bonus

FaroFX does not give an account opening deposit bonus

 

What is the security and reliability of FaroFX.com

What is the broker rating for FaroFX.com security and reliability

 

FaroFX is regulated by the Cyprus Securities & Exchange Commission

 

 

Does FaroFX.com accept forex scalping

FaroFX does not allow scalping forex trading

 

Does FaroFX.com give free forex education to traders

This broker does not provide a learn currency trading education for forex trading online.

 

 

What are the trading platforms of FaroFX.com currency broker

Web Trader

Open Book

Metatrader4

Mobile Trader

 

Is FaroFX.com a MetaTrader 4 Forex broker

FaroFX.com provides MetaTrader 4 software which is the best platform according to reviews.

 

The platform MetaTrader 4 can be downloaded from the brokers’ website.

 

Does FaroFX.com allow automated forex trading

The broker automated trading policy on automated trading is:

 

FaroFX allows Expert Advisors automated trading on their MetaTrader 4 platform, scalping EAs are not allowed.

 

 

What are FaroFX.com broker website information sections

The website information sections are:

 

Forex Trading Accounts Section: where traders will find information about forex accounts such as demo practice account and live forex accounts provided by this Currency broker. Traders wanting to start trading can open an account from this section.

 

Contact Section: there is a section of contacts for this fx broker, where a trader can contact this forex broker.

 

Platforms Section: this section provides platforms where a trader can choose one for tradng.

FAQ section: for answers to the most frequently asked questions about this forex broker

 

Commodities and Indices trading Section: for information about these financial instruments and the specifications for trading them.

Trading Services section: for information about economic news, economic calendar, technical analysis, fundamental analysis and a glossary of forex trading terms.

 

 

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