Sunday, March 20, 2011

Forex Place Review: An Overview

By Ben Sparks


For an individual who is just entering the Forex Market, the Forex Place online broker is a great place to start. A Forex Place review shows that for a newcomer to Forex trading this is one of the best websites to be made available. An individual who may want to learn about Forex trading, but not sign up for anything, is able to do so at this site.

This company is one of the more transparent of the online brokers. One can surf through the website without registering and learn about the company, it's structure, and general Forex knowledge without committing to creation of an account.

Registered in the British Virgin Islands, the company has designed a program that includes a free demonstration system for new users. This program provides users with virtual money, tutorials, and live educational opportunities to learn how to actively participate on the Forex Market. The tutorials are created to allow a user to continually increase their level of expertise in both the structure of the Forex market and it's use.

Forex Place offers many benefits that are found in some measure with other brokers. The difference is that one feels that the company has designed a system that is customer service oriented. The pips average three and are fixed. There are no hidden fees or charges. Individuals are not required to pay commissions. And, there is guaranteed stop loss.

Among the many services provided by the company are daily analysis trending and charts which give up to the minute details of fluctuations in the Forex market. Individuals have access on a twenty-four hour basis to the dealing room and the forum. This center allows one to chat with other traders and ask questions about strategies that more experienced traders may have developed.

The customer service department is available by phone, email, or live chat on a twenty-four hour basis, six days a week. There is also a twenty-four hour dealing room forum where individuals can chat with other traders and ask questions of market analysts or experts. The minimum deposit to open a mini-account if $500 USD and there are other account types available for individuals who wish to expand their trading opportunities.

One of the things about a Forex Place review is that there are very few flaws in the system or support provided to users. The company is FSA regulated and works closely with other members of the industry to assure that customers receive services in a timely manner.




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