Forex Brokers
ForexWebTrader
Ease of Use:
ForexWebTrader is part of the Finexo network and allied with Saxo Bank, one of the biggest Forex traders in the world. As such, ForexWebTrader is a site that has access to some of the best IT staff around and this shows through in their trading platform, which provides one-click ordering and mobile trading capabilities. ForexWebTrader site welcomes the beginning Forex web trader by allowing you start an account with only $25. Some people complain about the lack of a demo account, but $25 is not much cost to give Forex trading a test drive.
Reputation/Security:
If you look at our review of sister site Finexo, you can get a good idea of the players involved in making ForexWebTrader one of the strongest Forex trading sites on the Internet today. Backed by Saxo Bank and employing a terrific software design team, ForexWebTrader is a definite member of the Forex trading elite. Nevertheless, they welcome newcomers and do not take advantage of them. Customer data protection is among the best in the industry.
Customer Service:
ForexWebTrader boasts customer service that's available 24 hours per day via email, phone, and live chat, with the exception of Saturdays, which is the normal day off for Forex brokers. At times we have found their live chat function to be something less than live, one time we had to wait 20 minutes for an operator to show up. That happens rarely, however, and ForexWebTrader operators, when they do show up, are uniformly courteous and helpful.
Bonuses Paid:
ForexWebTrader provides new customers with a 10 percent sign up bonus on your first deposit. In comparison to competing Forex sites, and when you consider the other benefits that ForexWebTrader has to offer, this bonus does not seem puny. But us personally, we'd like to see it go up towards the 20 percent range. We'd also like to see ForexWebTrader reward loyal users with periodic special bonuses. Some call us dreamers but we're not the only ones.
Ease of Account Deposit/Withdrawals:
ForexWebTrader, like all Saxo Bank-backed Forex sites, gives members a large number of deposit options to choose from, including credit card, PayPal, MoneyBookers, and Net Teller. Our preferred mode with this site is credit card. Deposits come reliably and rapidly once you're in the Saxo Bank system as a legitimate customer.
Summary:
ForexWebTrading, part of the online Forex trading empire run by Saxo Bank, is a site that somehow manages to be extremely easy to use while not dumbing Forex trading down. The actual trading platform at ForexWebTrader is superb, simple enough to be used by the newest of newbies but also appealing to some large institutional Forex traders who call this site home. Beginners can start an account for as little as $25, but you may want to drop more than that to take advantage of the 10 percent initial deposit bonus. Customer service at ForexWebTrader is far above average, and deposit and withdrawal options are plentiful.