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.