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Forex-Metal — Forex Broker

Advantages

  • MetaTrader 4 Forex broker that accepts Moneybookers billing.
  • Bonus debit card with $100 on account opening.
  • Muslim-friendly accounts are available.
  • Rebates for traders.

Disadvantages:

  • No important disadvantages.

  See Forex-Metal reviews

6.4/10 (137 votes)
Company Forex-Metal
On-line since 2007
Country Panama
Payment options Wire transfer, WebMoney, Moneybookers, SolidTrustPay, Pecunix, Liberty Reserve, c-gold, Technocash and credit cards
Minimum account size $1
Minimum position size 0.01 lot
Leverage from 1:50 to 1:500
Categories
Spread 2 pips on EUR/USD
Regulation

Ministry of Commerce of Panama and Finance Ministry of Uruguay

Click here to open an account with Forex-Metal

Reviews 

22 reviews of Forex-Metal are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

  Tola from Nigeria.
Wednesday, November 16, 2011

Forex metal is a good broker. what some of us have to master is how to make room for slippage. Anytime I see 100 pips trading opportunity, I usually go for 80 and leave 20 and I am less worried on slippage problem. Intra day traders will always have one problem or the other with brokers as they are always eager to catch a fast move and this doesn't normally go well with brokers.

  soweto from jerusalem.
Monday, October 10, 2011

I am satisfied with this broker for more than a year already. They are reallly trustable guys.

  forexia from Israel.
Tuesday, September 13, 2011

this broker's promotion system can be very profitable, you can also be sure that they will give you all your money back, at this point this is a very decent broker

  Makinde Olalekan from Nigeria.
Saturday, April 9, 2011

Hello trader, if you don\'t know anything about a broker stop blackmailing them! I\'ve made several trade with this broker, the only problem they have is they always requote, they gave me $5 for participating in their survey, i withdrew it, they gave me my referral bonus of $39.3 i withdrew it, i even still have almost $80 pending for referral bonus as well once my refer complete his lots.forex-metal is a good broker!

  bizcon from India.
Tuesday, December 14, 2010

The nature of information available from the above customers does not encourage people to park their hard earned money with the broker. They should have made thorough check on the broker before entrusting money. What is the use of complaints when the broker does not respond in business like manner and keep the customers on the wait on unacceptable grounds?

Any one who wish to trade with any broker, please make thorough inquiry about the credentials of the broker(s).

  Gabriel Coker from Nigeria.
Monday, August 23, 2010

Forex-Metal is the best forex broker presently i have deposited and withdraw no delay both e transfer and bank wire. i dont know why people like talking negative thing about something i guaranty forex-metal.

  CHRIS GODSWILL from NIGERIA.
Saturday, July 24, 2010

FOREX-METAL IS A BROCKER I WILL ALWAYS RECOMEND FOR ALL NIGERIANS BECAUSE THEY PAY GOOD ATENSION TO ALL THERE CUSTOMERS, INFACT I LOVE TO WORK WITH THEM.

  Sarah from Australia.
Friday, June 18, 2010

Forex Metal tempts people to open accounts with them by providing bonus with no swaps account at the following link,

https://forex-metal.com/discount/discount05. I opened account with them on 13th of May 2010, I traded more than 1,500 lots with them up to 25th of May, but only 300 lots calculated to get the bonus (It was not fair to me). Afterwards they rose up 2 pips for my account without any notice, few days later; they gave me the following email:

Dear Mrs. Mei Ling Chen,

We believe that forex trading is a two-way street: it should be profitable to both parties. We make our money from hedging customers trades through other forex companies or banks. Your trading pattern over the past few days shows that you prefer to hold positions for a short period of time, ripping 5-10 pips profit in most cases. At the same time your friend gets 1 per lot in commission payments. Of course it is your choice how you want to trade, but in such circumstances we cannot keep extra low spreads and make profits from hedging. Besides, our counterpart where we hedge our risks has changed our trading conditions, this prompted us to act.

We are re-assessing the situation and if we can offer you something better, we will. Rest assured that we want to keep our customers happy, but at the same time we cannot put our business at greater risk.

Regards,

Forex-Metal Customer Support 31th/May/2010

I was forced to withdraw my money back; the money not belongs to me alone (two of my friends involve as well). I sent them 100K withdraw request on 25th of May; I shall get the money back at the end of May if Froex- Metal processed it properly. Unfortunately, they made the excuse like: One of our banks has a very strict anti-money laundering procedures for over 25,000 international payments. I asked them to separate into 4 wires, each one 25,000. They sent the first wire 25,000 to me last Friday. Up to now, I have not heard from them regarding the next payments. I still have 75,000 with them. I am suffering a lot from this withdrawal experience with forex-metal. As they are two friends involved and there is no way to contact the payments through the telephone.

I contact with their live chat twice per day. The answers are the same --- Please email to the payments. I am under depression with this withdraw issue. What shall I do if they continually keep me waiting? Shall I report the government department which regulated the forex coms in Panama?

  sarah from au.
Saturday, June 5, 2010

Is Forex-Metal a scam company?

I open an account with them on 13th of May this year. They rose up 2 pips for my account one week ago without any notice. I sent the 100,000usd withdraw request on 25th of May, but the money still in their bank up to now. Do you know this company?

  Ajayi from Nigeria.
Tuesday, May 11, 2010

They are good so far and their service is ok.The deposit process is fast. But i havn't trying withrawing with them.

  Wale Adegoke from Abuja, Nigeria.
Wednesday, February 17, 2010

I opened an account with them just last week. I wire the money on Thursday and by Friday my account is funded. That's fast I must confess, i was expecting it to the credited in 3-4 days. They gave 30% bonus as promised. The only bad thing about them is "Requote". Its too much, i hope this is not a way of ripping us - traders.

All other things is fine with them

  victoria from nigeria.
Thursday, November 19, 2009

they have an excellent support system. funding is done quickly. I have not withdrawn yet but I am sure they will be just as fast. the reason they are not popular is because they expect their performance to speak for itself and I can assure you that it does. well done forex-metal

  abu from Malaysia.
Saturday, November 14, 2009

I just have one week sweet memories with them..

Account register quite difficult but done.

They pay the bonus as their promise. After double my fund, withdraw.. and their pay fast..

One more thing.. Very good Live Support.. Maybe I will trade with them soon.

  chinonso from nigeria.
Wednesday, September 16, 2009

wow, are u all expectin me to beleive all those praise singing?...well i'll give forex metal a try..coz theres always an atom of truth in every lies

  Mehmood Ahmed from Pakistan.
Sunday, August 16, 2009

I was referred to this broker by a friend of mine and they have always proved trustworthy. Never a problem withdrawing, nor when funding. However, yes there is some trouble but at some selective times of requotes and slippage. And yes this is also true that sometimes position only closes when price has moved against you. But only for one pip ...... I have heard that there are brokers who tell you about their spread as 2 pips but actually cost you 3 ... I think that is the case here. I have compared their quotes with IBFX and FXPro ... they are very close to the real movement of the market. So I decide I will stay with them.

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