ForexCEC Journal

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ForexCEC Profile
Year
2022
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG, FSA Mauritius
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Haiti, Hong Kong, Hungary, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, Mauritius, Netherlands, North Korea, Poland, Portugal, Puerto Rico, Romania, Slovakia, Slovenia, Spain, Suriname, Sweden, UK, US, Vietnam
Broker type
MM, DMA
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
30 ms
LPs total
...
LPs quality
...
LPs names
...

ForexCEC Accounts
MM
DMA
Minimum Deposit
200 $
200 $
Leverage
100 : 1
100 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1 pips
0 pips
Commission
0 $/lotRT
6 $/lotRT
Volume
...
...
Margin Call
100 %
100 %
Stop Out
50 %
50 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, PayPal
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
none
Update broker

Is ForexCEC safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: FSA SVG, FSA Mauritius
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: no

Is ForexCEC trusted?

  • Information transparency: high ★★★★★
  • Customer service: virtually non-existent
  • ForexCEC website: semi-detailed, updated ★★★
  • ForexCEC popularity (by visitor count): low visits ★★

How ForexCEC works



1.1 ForexCEC provides Contracts for Differences (CFDs) and Spot FX products to its clients covering a wide variety of financial markets and instruments. Every market quoted by ForexCEC is derived directly from an underlying financial instrument sourced from an exchange or from a wholesale quoting counterparty (i.e. FX quoting banks). ForexCEC determines which markets to quote, the times at which those markets are quoted; ForexCEC publishes via its trading platforms those quotes at a tight spread or with a mark-up on which clients may be able to trade.


5.2 This trading does not occur on an exchange. Rather the trading occurs off-exchange or over-the-counter ("OTC"). As a result, ForexCEC enters directly into a contract with you in respect of the financial instrument you wish to trade.

7.9 An order will be executed when the ForexCEC Quote reaches the price specified in your order or trades through the price specified. All Quotes are based upon an Underlying Market that is sourced from either a recognised global exchange (LSE, NYSE, LIFFE etc) or from a wholesale counterparty (a quoting bank or market maker).

4.12 ForexCEC does not allow scalping where the trading style is abusing our Automated Services for short term gain by sniping and hunting for on old price or wrong quotes or trading during illiquid market or trading during fundamental releases/news releases where the price on ForexCEC Market watch could be delayed due inevitable latency issue or trade using expert advisors or other robots for abusive purposes. Customers are urged to trade ethically and not to try to take advantage of our competitive services. Customers will solely be held liable and will indemnify ForexCEC from any damages or losses that may result from cancelling such trades. Clients are not permitted to Scalp or snipe.



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