Forex Metal forex broker review and detailed information

Forex Metal forex broker review and detailed information

How does Forex Metal compare with its competitors? Check out also our comprehensive and fully interactive comparison of forex brokers. If you do not know what the terms in the following tables mean, read the tutorial about forex brokers first.

Forex Metal forex broker logo

Basic information

WebsiteVisit Forex Metal
TypeMM
Regulated by
CountryPanama
Established in2005
Live chatyes

Trading terms

Commission (pips)0.00
Fixed spreadyes
Variable spreadno
Spread on majors (pips)2.0-4.0
Leverage500:1
Minimum deposit (USD)50
Minimum trade size (USD)1000

Available features

Number of currency pairs40
Precious metalsyes
Oilyes
Hedgingyes
Trailing stopyes
Free automated tradingyes
MetaTrader 4yes
Mobile tradingyes

Forex account

Demo accountyes
Interest on unused balanceno
Islamic swap-free accountsyes
Accepts U.S. citizensyes
Payment by Bank wireyes
Payment by Credit cardno
Payment by PayPalno
Payment by checkyes
Other payment optionsC-Gold, Liberty Reserve, Pecunix, MoneyBookers, SolidTrustPay, TechnoCash, WebMoney
Account in USDyes
Account in Euroyes
Account in GBPno
Account in CHFno
Account in JPYno
Account in AUDno
Account in CADno
Account in NZDno
Account in CZKno
Account in DKKno
Account in HKDno
Account in ILSno
Account in NOKno
Account in PLNno
Account in RMBno
Account in RURno
Account in SEKno
Account in SGDno
Account in ZARno

Languages

Arabicno
Chineseyes
Czechno
Dutchno
Englishyes
Frenchyes
Germanyes
Greekno
Hebrewno
Indonesianno
Italianno
Japaneseno
Koreanno
Malaysianno
Polishno
Portugueseno
Russianyes
Spanishno
Turkishno

468x60_english_forever_20kb


Forex Metal customer reviews

Are you a satisfied customer? Or you want to share a scary story? Tell the world about your real-life experience with this forex broker! While writing your review, please also specify for how long time you have been trading with them and what trading style you use (for example news trading, grid trading, scalping, etc.). Readers with a similar trading strategy will pay more attention to your comment. Only genuine broker reviews will be published; posts promoting a website and generic comments will be removed.



Irene
2008-12-03
Good broker, but they do not accept Pay Pal.


Felix
2009-02-04
Very professional broker.They have attractive suggestions. Very good customer service.


forex09
2009-02-18
the worst broker for requotes i have ever dealt with, very bad pip spreads at times beware of this broker.


Peoria
2009-02-18
I trade quite frequently. Not a professional, but do some pretty big trades. Have never had problems with Forex-Metal broker (used them 2+ years). Excellent service, low pip spreads.


Andre
2009-10-22
very time consuming and frustration to fund your account


brogety
2009-12-28
funny for moneybookers they use forex-metal@yahoo.com instead their own email for funding information. Make me think if this broker is a hype or hoax.


sarah
2010-06-05
Is Forex-Metal a scam company?
I open an account with them on 13th of May this year. They rose up 2 pips for my account one week ago without any notice. I sent the 100,000usd withdraw request on 25th of May, but the money still in their bank up to now. Do you know this company?


Sarah
2010-06-18
Forex Metal tempts people to open accounts with them by providing bonus with no swaps account at the following link,
https://forex-metal.com/discount/discount05. I opened account with them on 13th of May 2010, I traded more than 1,500 lots with them up to 25th of May, but only 300 lots calculated to get the bonus (It was not fair to me). Afterwards they rose up 2 pips for my account without any notice, few days later; they gave me the following email:
Dear Mrs. Mei Ling Chen,
We believe that forex trading is a two-way street: it should be profitable to both parties. We make our money from hedging customers trades through other forex companies or banks. Your trading pattern over the past few days shows that you prefer to hold positions for a short period of time, ripping 5-10 pips profit in most cases. At the same time your friend gets 1 per lot in commission payments. Of course it is your choice how you want to trade, but in such circumstances we cannot keep extra low spreads and make profits from hedging. Besides, our counterpart where we hedge our risks has changed our trading conditions, this prompted us to act.
We are re-assessing the situation and if we can offer you something better, we will. Rest assured that we want to keep our customers happy, but at the same time we cannot put our business at greater risk.
Regards,
Forex-Metal Customer Support 31th/May/2010
I was forced to withdraw my money back; the money not belongs to me alone (two of my friends involve as well). I sent them 100K withdraw request on 25th of May; I shall get the money back at the end of May if Froex- Metal processed it properly. Unfortunately, they made the excuse like: One of our banks has a very strict anti-money laundering procedures for over 25,000 international payments. I asked them to separate into 4 wires, each one 25,000. They sent the first wire 25,000 to me last Friday. Up to now, I have not heard from them regarding the next payments. I still have 75,000 with them. I am suffering a lot from this withdrawal experience with forex-metal. As they are two friends involved and there is no way to contact the payments through the telephone.
I contact with their live chat twice per day. The answers are the same --- Please email to the payments. I am under depression with this withdraw issue. What shall I do if they continually keep me waiting? Shall I report the government department which regulated the forex coms in Panama?


Setiawan
2010-07-15
i have no bad things to say about Forex-metal. Never freezing on the platform, withdrawils always in 3-4 days and they always have representative online or by phone to help.


Add your Forex Metal review:

Name:
Review:
5 + 1 = ?