Forex Place definitely have one of the better Forex trading platforms, and overall their products are up there with the best. Resources and support are very good, especially for Forex beginners who will find a wealth of tutorials to help them get a basic understanding of Forex trading.
Once the basics are grasped, then there are quite a lot of resources on offer including market analysis, and, although advice of this nature should always be taken with a pinch of salt, it's good to have the opportunity to see where the broker thinks the market is heading. Remember, you are trading 'with' the broker, as opposed to 'against' the broker, which means that they will do their best to ensure that the information that they give is as good as any that they would act on themselves - it's in their interest to keep you onboard.
One criticism is that although there are several routes to support, not all of them live up to expectations. The live chat response can be slow, and the script running on the contact page webform doesn't work in some browsers. Conversely, the 'live dealing room' can be accessed via chat, and on a support level, this is a quite a bonus, as nothing beats live chat with other retail traders, and dealers. There are very few brokers who offer this service - Forexyard being another one.
The trading software is Meta Trader 4, which is a good thing as it's a well respected platform used by several Forex Brokers. Of course, as the software is 'off the shelf' it is customised by developers, but, nevertheless, their forex software is an industry standard. It is also customisable by the user, and if you are a beginner, it will take a little while to get your head around the trading options, of which there are many, as well as further automated resources.
With their spreads starting at 3 pips for majors, no charges for transactions, and a reliable and robust trading platform, it's little wonder that Forex Place receive constantly good reviews, but, as ever, its always wise to check them out before parting with your cash, so check out their demo.
| Forex Place - The Facts | |||
| Min Deposit | $100 | Min Trade | $3 |
| Demo | Yes | Platform | Online / Windows Download |
| Support | Live chat, telephone | ||
| Money Transfer | Bank Wire, Major Credit and Debit Cards, Moneybookers, Neteller, EcoCard, Liberty Reserve | ||
| Tutorials | Virtual Tour | ||
| Promotions | |||
| There are no current offers. | |||
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