Review 2024

Last updated Feb 28, 2024
№28 in the brokers' listTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay Zavarov
Andrey Bondarenko - Editor
Andrey Bondarenko

Are you considering trading in the Forex market with If so, this review is for you!

We've reviewed their services from top to bottom, including all available features, and compiled a comprehensive review. Here, we share our thoughts on why could be an excellent choice for you as a Forex broker.

Read on for a detailed overview of what can offer Forex traders! Broker Overview

Foundation Year2017
Official Website
Regulated in CountriesUnited Kingdom, United StatesMore Details
Minimum Deposit
  • 5 USD
Spreadfrom 0.6 points
Max Leverage1:30
Trading Assets
  • Stocks
  • Indices
  • Commodities
  • Forex
Trading Platforms
  • MetaTrader 5
Email Support
Hotline Phones
Social Media is a young Forex broker founded in 2018. Their strategy is simplicity and transparency in trading. Their vision is adaptation through innovation.

The broker's headquarters are located in the United Kingdom. There is also an office in the USA. is primarily focused on residents of the UK and USA.

Regarding trading opportunities, this Forex broker offers the proven MetaTrader 5 platform and only one trading account, the conditions of which we will analyze below. operates on a market-maker model. This means that the trader trades against the broker. Review Summary

Our team of experts has thoroughly analyzed and evaluated every aspect of's operations. Ratings are based on objective criteria and clearly defined parameters, which you can study in detail in our broker evaluation methodology. This methodology ensures transparency and honesty in our analysis, allowing you to compare different brokers and make an informed choice easily.

Continue reading the review to learn more about and determine if this broker meets your needs and trading strategy.

Reliability and Regulation

Rating:5/5's operations are regulated in two countries:

Legal EntityRegulator

These are sufficiently demanding regulators whose licenses are challenging for any broker to obtain. Therefore, traders from the UK and USA can rest assured regarding the reliability of trading with - their funds are completely safe.

Account Opening


The account opening process at broker is organized extremely conveniently and quickly. In just three simple steps and within 2 minutes, a client can register by choosing the appropriate account type and providing the necessary personal information. Identity and address verification is also a standard procedure that ensures account security.


To register on, you need to complete 3 simple steps in 2 minutes.

In the first stage, you will need to fill in the fields:

  • surname and name;
  • country of residence;
  • preferred language of communication;
  • phone number;
  • email address;
  • choose the type of trading account (standard or micro account).
Registration on
Registration on

The second step of registration involves filling in the following information:

  • date of birth;
  • full residential address;
  • choice of account base currency and leverage;
  • information about your income;
  • investor profile;
  • knowledge and experience in CFD trading;
  • password.
Opening an account on
Opening an account on

Next, you need to confirm your email by clicking on the "Confirm your email" button in the email from After that, the broker will provide you with your trading account ID, which also serves as a login for your account.


In the personal account, it is necessary to undergo identity and address verification. For this, you must upload a photo and a scan of documents confirming your identity and address. These can be, for example, an international passport and a utility bill.

Verification is mandatory; without it, you cannot trade and withdraw funds.

Minimum Deposit

The minimum deposit at is just $5. This low threshold makes trading accessible to traders of various experience levels and financial means. Novice investors can appreciate the opportunity to start trading with minimal capital, which lowers risks and allows for a gradual familiarization with the market. Experienced traders will also find an advantage in the low entry barrier, as it enables flexible management of their investments and the allocation of funds among different trading strategies.

Account Types

Rating:3/5 offers several types of trading accounts. These options can meet the needs of most traders, offering flexible trading conditions. However, the absence of ECN accounts with fixed spreads and accounts for passive investing (PAMM accounts, Forex copy trading) limits the choice for specific categories of traders. It may not fully satisfy their specific needs.

Trading Accounts

The following trading accounts are available to clients on

Ultra-Low StandardUltra-Low Micro
Account CurrencyUSD, EUR, GBP, CHF, AUD, PLN, HUF
Minimum Deposit5 $
Trading PlatformsMetaTrader 5
Spreadfloatingfrom 0.6 pipsfor EURUSD~ 0.7 pips
Commission per Trade
Trading AssetsStocksIndicesCommoditiesForex
Opened Positionsup to 200
Margin Call / Stop Out100% / 50%
Order ExecutionMM
Demo Account
Islamic Account

The account's base currency is chosen at registration and cannot be changed later. However, it is possible to open another trading account. A trader can have up to 8 active trading accounts.

Trading accounts are equipped with negative balance protection. Hedging, scalping, Forex advisors, and news trading are allowed.

Demo Account

At, demo accounts do not have an expiration date, so you can use them as long as you want. Demo accounts that are inactive for over 90 days from the last login will be closed. However, you can open a new demo account at any time. Please note that no more than 5 active demo accounts are allowed.

Islamic Account offers the option to open an Islamic account, which complies with Sharia principles and does not include swaps or overnight position rollover fees. This makes trading accessible and attractive for Muslim traders who wish to adhere to their religious beliefs.

The Ultra-Low Standard account supports the Islamic account, and it can be requested by following the instructions on the broker's website. This type of account provides the same trading conditions as standard accounts without violating Islamic financial principles.


Clients maintaining a minimum balance of $5,000 or its equivalent in another currency can request a free VPS in their area at any time, provided they trade at least 5 lots of trading volume per month. If you do not meet these parameters, you can request a VPS for a monthly fee of $28 in the client's area, which will be automatically deducted from your account on the first day of each month.


Rating:4.5/5's broker commissions can be considered as low. The only additional commission may be the inactivity fee. These conditions make an attractive option for traders seeking low trading costs.

Trading Commissions operates on a market-maker model, so the broker does not charge trading commissions per transaction. The company earns from spreads. Your trading costs are embedded in the price - you will buy slightly above the market and sell slightly below the market price. The minimum spread is 0.6 pips for major currency pairs.

However, your additional costs may include rollovers. Rollover keeps open trades overnight and transfers them to the next trading day. A rollover interest or rate (swap) may be charged when holding a position open overnight. Depending on prevailing interest rates, transferring positions can mean expenses or profit for online investors who keep positions open overnight. However, for major currency pairs, swaps are equal to zero according to the specification on the website.

AssetAverage spreadSwap longSwap short
AUDUSD1.5 pips0.00 pips0.00 pips
EURUSD1.1 pips0.00 pips0.00 pips
GBPUSD1.0 pips0.00 pips0.00 pips
NZDUSD1.8 pips0.00 pips0.00 pips
USDCAD1.4 pips0.00 pips0.00 pips
USDCHF1.2 pips0.00 pips0.00 pips
USDJPY1.3 pips0.00 pips0.00 pips

Other Commissions

As for payment fees, does not charge a commission for deposits and withdrawals.

However, an additional fee that may be incurred is an inactivity fee. An account is considered inactive if no operations are active for 90 calendar days. An inactivity fee of $5 is charged from inactive accounts. If the account balance is zero, no fee is charged.

Deposit and Withdrawal

Rating:4.5/5 does not charge any fees or commissions for deposits and withdrawals. Furthermore, the broker covers all transaction fees (for bank transfers in amounts over $200).

However, it should be noted that the absence of cryptocurrencies as a payment method may be a disadvantage for some traders who prefer this modern payment method.

How to Fund Your Account

The following funding methods are available on

Payment SystemCurrenciesDeposit FeeOperation Limit
Bank TransferBank Transfer
Credit and Debit CardsCredit and Debit Cards

The first deposit can only be made with a card or bank transfer.

You can deposit money in any currency, and it will be automatically converted to your account's base currency at the prevailing interbank rate of

How to Withdraw Funds

The following withdrawal options are available:

Payment SystemCurrenciesWithdrawal FeeOperation Limit
Bank TransferBank Transfer
Credit and Debit CardsCredit and Debit Cards

Your account must be fully verified to withdraw funds from your trading account.

To protect all parties from fraud and to minimize the possibility of money laundering and financing of terrorism, processes withdrawals only by the same method that was used for the deposit.

All withdrawal requests are processed within 24 business hours. You will receive the money on the same day if you withdraw funds to electronic wallets. Withdrawal via bank transfer or credit/debit card usually takes 2 - 5 business days.

Markets and Products

Rating:4/5 offers a relatively diverse selection of markets and products. This allows traders to diversify and choose depending on their interests and strategies. However, the absence of cryptocurrencies in the product portfolio and the relatively small leverage (maximum 1:30) may limit the opportunities for some investors. These drawbacks lower the overall rating but do not detract from the fact that offers a sufficiently wide range of trading instruments for most traders.

What markets are available?

  • 55 currency pairs;
  • 1261 stocks;
  • 8 agricultural commodities;
  • 14 stock indices;
  • 2 metals;
  • 5 energy carriers.


Trading conditions for major currency pairs at are as follows:

Currency PairMinimum SpreadAverage SpreadMaximum Leverage

CFD on Stocks

If you are interested in trading stock CFDs, stocks from the following countries are available:

  • USA
  • United Kingdom
  • France
  • Germany
  • Netherlands
  • Spain
  • Switzerland
  • Belgium
  • Italy
  • Greece
  • Portugal
  • Sweden
  • Finland
  • Norway
  • Austria
  • Australia
  • Brazil
  • Canada

Stock CFDs are subject to dividend adjustments. When a company pays dividends to its shareholders, it essentially reduces the value by the amount of the dividends. This is reflected in the decrease in the stock price at the market opening on the ex-dividend date (the day when the company's shares start trading, excluding the dividend value). Stock CFD holders do not own the underlying stock. However, they are affected by the decrease in stock prices. Therefore, to neutralize the impact on positions, a dividend adjustment is made before the market opens on the trading accounts of clients holding stock CFD positions.

The dividend adjustment is calculated as the product of the declared dividend per share times the size of the position in shares. Buy transactions receive a dividend adjustment, whereas sell transactions are charged a dividend adjustment.

Trading Platforms

Rating:3.5/5 uses MetaTrader 5 (MT5) as its trading platform, which is a plus, given the popularity and reliability of this terminal.

However, the choice of platforms is limited to only MT5, which may be a disadvantage for some traders who prefer other trading platforms or desire more variety.

MetaTrader 5

On, MetaTrader 5 serves as the trading platform - one of the most popular terminals in the world.

Traders can download the desktop and Android versions of MT5 from the company's website. A web version of the terminal is also available.

Web MetaTrader 5 platform on
Web MetaTrader 5 platform on

Among the advantages of the MetaTrader 5 platform, the broker highlights the following:

  • trading 1250+ assets;
  • spreads from 0.6 pips;
  • integration of robots and advisors;
  • 80+ tools for technical analysis;
  • one-click trading;
  • no requotes and order slippage;



The UK version of the website offers a relatively limited set of analytical tools. These include only an economic calendar and calculators for margin, stop-loss, take-profit, pip value, and swaps.

Calculator for position calculation on
Calculator for position calculation on

American traders are provided with much more analytical materials:

  • Technical analysis. Expert analysis of the latest market changes conducted by the team at
  • Trading signals. An automatic system that identifies technical analysis patterns and provides signals. Data sources include Trading Central and Analyzzer.
  • Sentiment. Analysis of traders' positions for buying or selling specific currency pairs.
  • Technical summary. The tool determines the trend direction on multiple timeframes based on many indicators.
Trading Signals on
Trading Signals on



Educational materials for European clients are absent on the site. The American version of the site does not have much more:

  • There are 2-minute video clips about Forex trading;
  • There are guides for traders at different levels.
Training materials on
Training materials on

It is unclear how can attract newcomers to the Forex market. Although it is a new Forex broker, it should pay more attention to this aspect.

Customer Support

Rating:4.3/5's support operates 24/5. It can be contacted via:

  • live chat on the website;
  • phone +44 2031501500;
  • email;
  • fax +44 2038629869.

Support responds quickly and competently. However, it lacks instant messaging for quick online communication. Pros and Cons


  1. Low commissions. No trading commissions and low spreads make trading more accessible.
  2. Multiple deposit and withdrawal methods. The broker does not charge for deposit and withdrawal, offering various options.
  3. Use of MetaTrader 5. It is one of the most popular trading terminals in the world, with extensive functionality.
  4. Islamic account. The possibility of opening an account that complies with Sharia principles.


  1. Limited educational materials. Lack of extensive educational materials for beginners.
  2. Sparse analytics. A limited set of analytical tools, especially for European clients.
  3. No cryptocurrencies. There is an absence of cryptocurrencies and small leverage in some cases.

Conclusion is a good broker with low commissions, fast execution speed, and a user-friendly platform. However, there is still room for improvement. For example, the company should work on increasing its analytics and educational materials to attract beginner traders. But if you are looking for a reliable Forex broker with low trading commissions, deserves attention.

We would love to hear your opinions about - leave a comment below and let us know what you think!

Visit Trading.comTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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