broker RetailFX

RetailFX Review

RetailFX is a middle of the road broker which specializes in forex trading. Therefore, traders who want to put their main focus in trading the world’s leading currencies should take a look at this broker’s website. The broker has been around since 2007, and is regulated by CySEC (Cyprus Securities & Exchange Commission) and MiFID (Markets in Financial Instruments Directive). This review provides the information needed to understand what this broker offers potential clients.

Company Information

Name:
RetailFX
Website:
www.retailfx.com
Founded in:
2007
Headquarters:
Limassol, Cyprus
The Owner:
RetailFX Ltd.
Regulation:
CySec, MiFID
Phone:
+357 2 5030234
Email:
info@retailfx.com
Minimum Lot Size:
10,000
Maximum Leverage:
1:400
Minimum Deposit:
$50
Minimum Trade Amount:
$25
Maximum PerTrade:
N/A
Languages available:
English, Spanish, Arabic, Russian, French

Trading Platform

The trading platform on offer at RetailFX is WebTrader, a platform that many other Forex brokers have too. It is 100% web-based, so traders can trade at home or from their office. What we were unimpressed with was the lack of choice with this broker, as there were no other tradable platforms available. This could hurt this broker if they wish to attract professional Forex traders. Despite this, we were happy with the reliability of the WebTrader trading platform which RetailFX offers its clients.

Main Features

ReatilFX has many important features that will assist both beginners and professional traders while they trade the forex market. You can trade with a personal account manager and receive their services on a 24/7 basis. You can also trade commodities, stocks and indices with this broker.

There is the Regular RetailFX account and the RetailFX VIP account. The VIP account has spread from a low as 2 pips. You have live access to feeds and education materials while trading the markets. The features enough for a novice trader to get a decent experience of online trading.

Customer Support

You may contact the support team via several international support numbers and email addresses. The phone service was notably good quality, and the representative was eager to answer our questions. Our email was answered within 30 minutes, which is above the standard for an online broker. The live chat was our favorite support feature, as the support representative was insistent in providing us with as much information as possible about online trading.

User Friendly

The RetailFX website is user friendly, providing traders and easy way to start trading on the foreign exchange market in a real time online environment. Simply go to the top of the homepage, and you will see the Our Survives tab where you can view the spreads of the tradable currency pairs.

It is easy to start trading due to the signup process being quick and simple. You can choose from PayPal, WebMoney, credit card, wire transfer and other leading deposit methods.

Take advantage of the Forex Glossary and FAQ section, as these will surely assist you while you trade on the financial markets. In addition, you can start trading with a demo account to get a feel of trading with RetailFX.

Ultimate Overview

It is easy for customers to find their way round the RetailFX website, as the interface is extremely simple. The trading experience is enjoyable, and offers something new to forex traders. If you like to trade in a web-based environment, then you will find the WebTrdaer platform an easy way to trade. If you want to begin trading in minutes, then RetailFX is where the action is.