Trade Forex Trading

Top 100 Forex Brokers List Cyprus Based Forex Trading Broker Review

Broker Review of forex trading broker is based in Cyprus. Below is a list of the most common questions about that traders ask about this broker.

FaroFX is owned by RetailFX Ltd.

Forex Broker reviews -

Where is forex broker based

FaroFX based in Cyprus, its address is:

7 Omirou Street, 2nd floor, 3095,



Is 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

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

Financial Instruments provided for trading by




What are the forex account types of

Forex broker

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

Does 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

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

How is the withdraw and deposit process of

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

$100 dollars is the minimum account opening balance

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

Does give an account opening deposit bonus

FaroFX does not give an account opening deposit bonus

What is the security and reliability of

What is the broker rating for security and reliability

FaroFX is regulated by the Cyprus Securities & Exchange Commission

Does accept forex scalping

FaroFX does not allow scalping forex trading

Does 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 forex broker

Web Trader

Open Book


Mobile Trader

Is a MetaTrader 4 Forex broker provides MetaTrader 4 software which is the best platform according to reviews.

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

Does 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 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 trading.

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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