FXCast - Forex Broker Review

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FXcast hails from the very serene Antigua (would love to visit that place!) and was established in early 2005. This company comprises of a strong team of financial and technical experts that provides a high quality online service.

The prime mission of FXcast is to be reliable, fair and transparent when dealing with its clients. This broker thrives to provide the best available technology and infrastructure to its many hundreds of clients.

Here are some of the benefits you will enjoy once you become a customer of FXCast:

• Wide range of deposit/withdrawal options (handy if you want to open an account quickly)
• You are rewarded if you are among the best traders for the month (1st prize- $3000)
• No slippage during news trading (this is a huge plus!)
• Muslim friendly Forex broker (another big plus)
• Great leverage from 1:25-1:400
• Reliable MT4 platform
• You can trade as much as 35 currency pairs
• Opening an account with this broker is quite fast

These are some of the advantages you will enjoy if you hold an account with FXcast. As you can see there are a lot of pros worth considering and this the only broker I know of that rewards its customers for best account performance is definitely a bonus to you.

There are however some drawbacks that can be quite discouraging. It seems that FXcast does not accept accounts that are opened within the US. The reason is somewhat unclear but, if ever you are US citizen, the only way at this present time to open an account with this broker is to have an account or a company outside the US.

Another point of concern here is the regulatory status of FXcast. It seems to be registered and licensed under the international regulations of the government of Antigua and Barbuda. So if you intend to open an account with this broker in the near future you may want to go ahead and ask about its current regulatory status.

Just so you know, a regulated broker does not necessarily mean the broker can be trusted and is 100% legit. This broker has received some really good reviews concerning their reliability and especially the level of customer service provided. I would give 4 stars but due to constraints in new accounts for US citizens I am giving FXCast 3 stars.

Happy Trading.

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