How we rank
Ranking of brokers are subject to change. Elements that impact our ranking include general Broker Information, such as regulation, year estableshed, avaliable languages, trading platform features, ease of use and customer service. Additional elements that effect the ranking too are the number of consumer visits, percentage of sign ups and purchased services, the user device, operating system, location, the day of the week and time of day.
Affiliate Disclosure
DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships.
MoneyForex Review
Review
MoneyForex is an online Forex trading site based in the British Virgin Islands. MoneyForex was founded in 1984 by wall street professionals, and aims to provide a user-friendly approach to Forex trading.
MoneyForex Sections
Sections of the MoneyForex site are available to everyone without the need to create an account, and provide information about Forex to newcomers. This portion of the site contains information on the basics of foreign trading, fundamental and technical analyses of the Forex market, and answers to frequently asked questions about Forex and trading.
Additionally, the site offers a glossary of terms important in online Forex trading, to educate new clients to make sound financial decisions. Finally, the site offers numerous links to Forex in the news so users can stay up-to-date on daily changes in the market.
MoneyForex Accounts
In order to enter the foreign trade market on MoneyForex, you need to create an account. For those hesitant to begin trading right away, MoneyForex also offers a demo account to allow to get a feel for online trading. Upon signing up for a demo account, you are provided a link to the trading software, and are able to trade virtual Forex shares in real time. MoneyForex also allows you to apply for online trading accounts via email or fax.
There are three account options: a Standard Forex/CFDs account, which requires a minimum deposit of $2000 USD, a Mini Forex/CFDs account, which requires a minimum deposit of $250 USD, and a Platinum 100k account, which requires a $100,000 USD deposit.
Once your account is approved and funded, you can begin trading instantly. You are able to withdraw funds at any time, as long as you stay above the minimum balance. Should you require information or help trading, MoneyForex offers 24 hour customer service to assist you in your financial endeavours.
User Reviews
Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.
Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.
Review info: MoneyForex
Review Date: 2014-01-30
Rating :
Reviewed By : Sara Patterson