ForexTotal is an online trading broker that offers Forex, stocks, indices, commodities, and cryptocurrencies trading services. The broker is headquartered in the Seychelles and operates globally, providing services to traders from different parts of the world. In this article, we will review ForexTotal, examining its features, services, and trading conditions to help you decide if it’s the right broker for you.
ForexTotal offers traders two trading platforms: MetaTrader 4 (MT4) and WebTrader. MT4 is a popular platform in the trading industry, offering advanced charting tools, technical indicators, and a user-friendly interface. The platform is available for download on Windows and Mac computers, and mobile devices running on iOS and Android. WebTrader, on the other hand, is a web-based platform that requires no download or installation. It is accessible via a web browser and offers a streamlined trading experience with fast order execution and real-time market data.
ForexTotal offers traders access to a wide range of trading instruments across different asset classes. The broker offers over 50 currency pairs, including major, minor, and exotic pairs. It also provides traders with access to stocks from major global exchanges, including the NYSE, NASDAQ, and LSE. Additionally, traders can trade indices from different parts of the world, including the US, Europe, and Asia. Commodities trading is also available, with gold, silver, crude oil, and natural gas being the primary commodities offered. Finally, ForexTotal offers cryptocurrency trading, with traders able to trade Bitcoin, Ethereum, Litecoin, and other cryptocurrencies.
ForexTotal offers three account types: Standard, Gold, and Platinum. The Standard account is designed for beginner traders and requires a minimum deposit of $250. It offers access to all trading instruments and comes with a fixed spread of 2.8 pips. The Gold account requires a minimum deposit of $10,000 and offers a variable spread starting from 1.8 pips. It also offers traders access to additional trading tools and resources, including a personal account manager and free VPS hosting. The Platinum account is the most advanced account type and requires a minimum deposit of $50,000. It offers traders a variable spread starting from 0.8 pips and comes with all the features of the Gold account, plus additional benefits such as lower commissions and personalized trading strategies.
ForexTotal offers traders a variety of payment options to deposit and withdraw funds from their trading accounts. Traders can deposit funds using bank transfers, credit/debit cards, and e-wallets such as Neteller, Skrill, and WebMoney. The broker does not charge any deposit fees, and the minimum deposit amount varies depending on the account type. Withdrawals can also be made using the same payment methods, and the broker does not charge any withdrawal fees. However, traders should note that withdrawal requests may take up to 48 hours to process.
ForexTotal provides traders with 24/5 customer support via live chat, email, and phone. The broker also offers a comprehensive FAQ section on its website, covering topics such as account opening, deposit and withdrawal procedures, and trading conditions. The support team is responsive and knowledgeable, providing prompt and helpful assistance to traders.
ForexTotal a brand operated by Solvvision Trading Limited, a company registered in the Seychelles. The broker not regulated by any major financial regulatory body such as the FCA or CySEC. This lack of regulation may be a concern for some traders, as regulat brokers are requir to adhere to strict rules and regulations to protect the interests of traders.
ForexTotal is a reliable trading broker that offers traders access to a wide range of trading instruments, including Forex, stocks, indices, commodities, and cryptocurrencies. The broker offers two trading platforms, MT4 and WebTrader, and three account types with varying minimum deposit requirements and trading conditions. ForexTotal provides traders with a variety of payment options for deposit and withdrawal, and its customer support team is responsive and knowledgeable.