ForexVox is a Forex Broker headquartered in the UK and is regulated and authorised by the Financial Conduct Authority (FCA), which offers a deposit protection up to £85,000.
The UK account offers a leverage of 30:1, but if a trader is looking for a higher leverage, ForexVox also provides an offshore account (Seychelles) with a leverage of 500:1.
The offshore account won’t have the FCA protection, but your funds will be held in segregated accounts with Tier 1 banks.
All customers signing up through It’s Trading Time, will have an exclusive deal: a commission of only $6 per lot traded!
ForexVox is a Forex Broker headquartered in the UK and provides access to different markets, such as Forex, Indices, Metals and Commodities.
Their mission is to make the information and tuition being used by the major investment banks widely available to all. With that in mind, ForexVox has teamed up with premier tutors, exchanges and news providers in order to provide you with all the knowledge/instruments you will need on your journey to becoming the best trader you can be.
At the time of writing, 61% of retail investor accounts lose money with ForexVox, which is a relatively low percentage in this industry. Their goal is to see this percentage below 50% in the coming years.
It’s Trading Time is fully engaged in providing top quality financial education and tools so that you can be a profitable trader and investor, so we share the same goal as ForexVox: to see a higher number of profitable retail traders.
The first reason we like ForexVox is because it is regulated and authorised by the Financial Conduct Authority (FCA), which offers a deposit protection up to £85,000.
The UK account offers a leverage of 30:1, but if a trader is looking for a higher leverage, ForexVox also provides an offshore account (Seychelles) with a leverage of 500:1. If you opt for the offshore account, you won’t have the FCA protection, but your funds will be held in segregated accounts with Tier 1 banks, which is a level of protection for your money that usually offshore brokers do not offer.
Another positive point is that the broker acts as an ECN, which means that your orders are directly forwarded to the interbank market.
In terms of spread and commission, ForexVox offers competitive rates for the UK market.
They charge $8 per lot traded, which falls into the average for the industry of between $7 and $10 per lot traded.
But here is the good news! All the customers signing up through It’s Trading Time, will have an exclusive deal: a commission of only $6 per lot traded!
If you’d rather avoid paying commission altogether, ForexVox also offers a commission-free account, but you will have
higher spreads and we would not recommend this type of account.
The minimum deposit is $100, while the minimum position size is 0.01 lot.
Customer service is among the best in this industry. They provide customer support through live chat, phone or email.
The live chat is very responsive and customers usually get a reply in less than a minute, while emails are generally handled within 24 hours.
Finally, ForexVox is more than just a broker. They also invest a lot in education and they have recently launched the innovative
“chatroom”, where clients can connect with industry experts and get trading signals, market analyses or a consultation for a small cost.
If you are ready to open an account with ForexVox, you can click on the following link and take advantage of our exclusive promotion which will allow you to trade with a reduced commission of only $6 per lot traded:
Visit the offer (UK)
Visit the offer (Seychelles)
I have been trading with ForexVox since November 2020.
Disclaimer: this post may contain affiliate links and I may earn a small commission, at no additional cost to you, if you use these links to buy a recommended product. Read the full disclosure.
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