Forexite Review
💲 Min Deposit $1
⌛ Year Established 1999
💼 Regulation
💡 Min Position 0.0001 lot
🌐 Website www.forexite.com
🌎 Country
⚖ Max Leverage 1:100
Forexite is a well-established broker since 1999. Forexite has a headquarter in Belize. Forexite to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by Belize Financial Service Commission (FSC) 142/168.
Account Information
Apart from the forex demo account, this broker offers Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Forexite is up to 1: 100. Meanwhile, you can open an account with a starting capital of $1.
Min Deposit
$1
Max Leverage
1:100
Spread
Fixed
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $1
💡 Min Position 0.0001 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
🕛 Overnight interest rates (swaps)
⏱ Trailing stop
⏳ Pending orders
One-Cancels-Other (OCO) orders
💸 Commission
Instruments Traded
Besides lots of currency pair, Forexite also offers some instruments you would like to trade on, such as Forex and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Standard account, Forexite specifically provides it with the following instruments and leverage:
Forex
1:100
Crypto
1:10
Payment Methods
WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Forexite also provides payment with Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, Forexite offers you TradeRoom.
Customer Support
Do you have any question or find any trouble related to Forexite? If you do, you should reach Forexite's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About Forexite
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Forexite is a good broker for you or not by reviewing the criteria. In general, Forexite provides trading service in Forex and Crypto . As for the payment methods, you can choose between WebMoney, Wire transfer and Credit/debit cards. The customer support is available via Email, Web form and Phone.
The starting capital in Forexite is $$1.
Forexite is regulated by Belize Financial Service Commission (FSC) 142/168. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Forexite is a brokerage company offering trading services for clients since 1999 with offices in Belize.
