ForexVox Journal

Journal status: live
ForexVox joined in | not yet
ForexVox Profile
Year
2019
Country
UK
Branches
1
Regulation
FCA UK
Registration
FCA UK
Investor protection
Fund protection
UK Financial Services Compensation Scheme (FSCS)
Publicly traded
no
Restricted in
Not serving
х Belgium, Iran, Myanmar, North Korea, US
Broker type
STP, DMA, ECN pricing
Dealing book
A-book
Tier
3
Execution speed
24 ms
LPs total
7
LPs quality
Tier-1 Banks
LPs names
not disclosed

ForexVox Accounts
STP
ECN
Minimum Deposit
1 $
1 $
Leverage
500 : 1
500 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1 pips
0 pips
Commission
0 $/lotRT
7 $/lotRT
Volume
50 lots
50 lots
Margin Call
100 %
100 %
Stop Out
50 %
50 %
Execution
Market
Market
Spread
floating
floating
Scalping
yes
yes
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Alipay, China UnionPay, Trustly, Remessa Online, STICPAY, FasaPay
Base currency
USD, EUR, GBP
Segregated accounts
yes
Interest on margin
no
Inactivity fee
none
Update broker

Is ForexVox safe?

  • Investor protection: UK Financial Services Compensation Scheme (FSCS)
  • Regulation: FCA UK
  • Registration: FCA UK
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is ForexVox trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt, helpful ★★★★★
  • ForexVox website: semi-detailed, updated ★★★
  • ForexVox popularity (by visitor count): low visits ★★

How ForexVox works



5.5 Execution Venues The Firm acts as principal in respect of client orders, and will assess available venues (including itself) to achieve the best possible results for the client including, without limitation, consideration of the following criteria:

In respect of CFDs and spread bets for which the Firm does not match with an external liquidity provider, it will seek to manage its risk as market maker and may choose whether to hedge part or all of a client’s Transactions in the underlying market, to reduce execution costs and market price impact for the client.

5.7 Executing orders via connected parties or internalising Where the Firm internalises the execution of client orders, to ensure that it complies with its overarching Best Execution requirements it has designed a robust procedure to prevent any potential conflicts of interest from damaging client interests by closely monitoring costs and applying the same selection procedure it applies to other venues.



2.2 We shall act as matched principal and will deal with you on an execution-only basis at all times...

4. CFD transactions may not be undertaken on a recognised or designated investment exchange. During normal market hours and outside normal market hours, we may execute CFD orders and trades at our price, acting as a "market maker" in these CFDs in and out of market hours (see our Client Area or Trading Platform for market hours).

We are covered by the Financial Services Compensation Scheme.



Add new comment...