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FXcast Forex Broker Review

by forex on September 7, 2009

About FXcast Forex Broker

fxcastlogo

Fxcast opened on 2005, but they only started worldwide operations on 2007. If you want to go with a forex brokerage company that has an active online staff, then you should consider FXcast. They are one of those few companies that reply to public posting regarding their services. The company also puts up a lot of contests for clients to participate in.

Although the company strives to be one of the leaders in forex trading, their lack of regulation is more of a hindrance than help. They also do not allow scalping, which does not coincide with other trader’s techniques. The management of FXcast strictly prohibits such techniques, and are quick to widen the spreads of accounts which ignore regulations.

Basic Broker Details

Site http://fxcast.com/
Country of Origin Antigua and Barbuda
Accepted Deposit Modes Bank wire transfer, any major debit and credit cards, Liberty Reserve, Strict Pay, E-Dinar, Webmoney, C-Gold,
Withdrawal Method Bank wire transfer, any major debit and credit cards, Liberty Reserve, Strict Pay, E-Dinar, Webmoney, C-Gold,
Leverage 1:25 up to 1:400
Regulation Body None
Spread 3 pips (EUR or USD)
Minimum Account Requirement $10

Pros of FXcast Forex Broker

*MetaTrader 4 support

*Active online customer relations

*Muslim-friendly accounts

Cons of FXcast Forex Broker

* Charges on certain transactions

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