Forex-Metal

4.0/10
(9 qualified reviews)
Disabled
Scam!
Out of business
US Traders
  • Bonus offers
  • MAM accounts
  • Segregated accounts
  • Islamic accounts available
  • Company Forex-Metal
  • Founded in 2005
  • Offices in
    • Panama
  • Payment options
    Show payment options Hide payment options
  • Demo platforms
    • MetaTrader 4
  • Account currencies
    • Australian dollar
    • Euro
    • Great Britain pound
    • Japanese yen
    • United States dollar
  • Currency pairs
    Show currency pairs Hide currency pairs
  • Website available in
    Show website languages Hide website languages
  • Support available in
    • Arabic
    • Chinese
    • English
  • Support methods
    • Email
    • Live chat
    • Phone
    • Skype
    • Web form
  • Trading server time zone GMT
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $1
  • Minimum position size 0.01 lot
  • Spread type Fixed
  • Spread on EUR/USD, pips 1.8
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:200
    • CFD1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Number of currency pairs 53
  • History
    Show history Hide history
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $10,000
  • Minimum position size 0.1 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 1.8
  • Minimum spread on EUR/USD, pips 0.4
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:500
    • CFD1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Number of currency pairs 60
  • History
    Show history Hide history
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $1,000
  • Minimum position size 0.1 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 1.8
  • Minimum spread on EUR/USD, pips 0.2
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 4 or 5
  • Number of currency pairs 30
  • History
    Show history Hide history
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $100
  • Trading instruments
    • Binary options
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 5
  • Number of currency pairs 63
  • History
    Show history Hide history

Reviews

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

, India.

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).

, Nigeria.

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.

, NIGERIA.

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.

, Australia.

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?

, au.

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?

, Nigeria.

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

, Abuja, Nigeria.

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

, nigeria.

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

, Malaysia.

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.

, nigeria.

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

, Pakistan.

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.

, Israel.

I've been using this broker since March 2008 and I rarely experience slippage. I've had a couple of requotes that were better prices and benefited me. Actually it was only twice since I started.

Recommended broker for scalping strategies.

, Swiss.

Scam!

They are no good for scalping because of many requotes. I opened account and traded in EUR, but they paid my profit in USD, so i lost money beacause of this !

, France.

There are requotes, and requotes on requotes, and reqoutes on requotes on reqoutes.

If not it is a very good broker.

, Israel.

I would say they are professional. There trading platform is very easy to use.They had very good customer service

From last week that the leverage has been increased up to 1:500.