Forex Place Broker Review

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Forex Place was founded by a group of retail entrepreneurs and foreign exchange dealers. They are based in the British Virgin Island and are unregulated.

Their mission statement is to create a brokerage firm that excels at every level: honesty, integrity and professionalism, the three driving forces of this company.

Forex Place is dedicated to providing the highest standard of service to their clients’ needs. Their vision is to be the world's leading and most reliable independent commercial foreign exchange company (good thing that at least some brokers realize the importance of reliability.)

Ok let’s have a look at the different features you will be exposed to once you become a client of this broker.

• Tight, reliable instantly tradable streaming rates
• High leverage (1:300)
• Secure online payment systems
• Over 50 tradable currency pairs
• No commission or hidden costs
• Guaranteed Stop Losses
• Trading platform - MT4
• Mobile Trading
• Full 24-hour multi lingual customer support
• Access to advanced charting and technical indicators
• Daily market analysis
• Education courses
• Mini accounts
• Islamic Trading accounts available

These are some of the benefits you will be exposed to as a client of Forex Place.

Now let’s look at the not-so-bright side of this broker. The main drawback is the fact that they are unregulated. This makes it hard for a lot of would be clients to trust unregulated brokers. However, we are seeing these days traders are having more issues with regulated brokers compared to the unregulated ones!

The other drawback is that Forex Place has relatively high spreads which makes it not appealing for scalpers.

My final word on this broker is that they seem to be doing a good job and understand that the client is gold. I would have given them a better rating if it was not for being unregulated.

Happy Trading,
Ash Naeck

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