Online Forex Broker

Forexoma

An online Forex broker that gets unbelievably positive reviews is Forexoma. Are the masses of happy traders on to something or should you stay away? Here are a few things to consider about this crowd favorite.

Overall Rating: 10/10

Safety of Funds: 10/10

Customer Service: 10/10

Convenience: 9/10

Tools: 9/10

Execution: 10/10

Minimum Account Size: $500

Forex Broker Review

Forexoma is a broker that you don't hear a lot about, but amazingly, they really get some great reviews from people that have used them. You're not going to see them hyped up on affiliate lists and you probably won't see their ads all over the blogosphere. What you will see...is a lot of satisfied customers. Don't believe me? Check out Forex Peace Army real quick...It's ok. I can wait.

Oh you're back?

Why would they get so many amazingly positive reviews? Apparently they take care of their customers. The thing that I find interesting is that they are not just an online Forex broker. They offer products and services like an online trading room, Forex software, market analysis and other resources. The brokerage is just one of the many services they offer traders. Apparently, they really want you to be able to succeed in the Forex market. Pretty novel concept, huh?

Execution

One of the most attractive features of this particular brokerage is the execution that you can get. They are an ECN or straight through processing broker. This means that they don't trade against you with a dealing desk. Instead, they actually put your orders out into the market. You can also find some of the best Forex spreads around. Their spreads are as low as .5 pips.

The spread even stays low after you open an account and start trading live, unlike many of the other unscrupulous brokers out there.

Platform

The Forex platform that they offer is Metatrader 4, which is pretty much the standard in the industry. It is actually kind of rare to find an ECN broker that offers MT4, so this is a nice feature. Remember that thing about taking care of their customers from earlier? That's what I'm talking about.

Other Perks

When you open an account with Forexoma, you also get some other perks. For example, you can easily deposit money with bank wire or with a credit card. You also get access to some free expert advisors that they developed.

They don't have rules against scalping and they allow you to trade gold, silver and CFD's on top of trading Forex.

The Verdict

I really like what this broker has to offer and so many happy Forex traders couldn't be off base that far. While there is no such thing as a perfect broker, Forexoma gets about as close as one can get. The only thing I see that I don't like is the presentation on their website. Most brokers have nice, big, flashy-looking professional websites. This one is pretty basic and the writing appears to be from someone who is not a native English speaker. Not a big deal, but that's about all that they don't have going for them. If you're looking for an online Forex broker that actually supports its traders, Forexoma is one to take a look at.

-->Click here to check out Forexoma or to open an account<--

If you open an account, feel free to come back and tell me how you like it. Your feedback is always welcome and encouraged. Back on the "Forex Brokers" page, you can leave a review so other traders will be able to learn from your experiences. Thanks for dropping by Forex Trading Rookie.

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