ForexPrivate Review & User Rating 2020
ForexPrivat was established in 2011, focuses on providing trading services in the international currency market. The company operates across Asia, in the CIS countries, throughout the Middle and Far East, as well as on the African continent.
- Start year:2011
- Country of origin:Ukraine
- Payment options:wire transfer, Privat24, WebMoney, Liberty Reserve, Yandex.Money, internal transfer
- Minimum account size:$10
- Minimum lot size:0.01 lot
- Spreads:from 0.2 pips
- Minimum deposit set at $10;
- A variety of trading instruments including metals and 42 currency pairs;
- FxPrivate MetaTrader 4.0 as a trading platform;
- Leverage ranging from 1:100 до 1:500;
- Economic news online on the website and inside the МТ4 platform;
- A broad array of trading accounts to suit any style of trading;
- Demo accounts for beginners;
- ECN-accounts for professional traders.
The broker provides 4 types of accounts:
- FxCent is an excellent option for beginners, with the deposit amount starting from $10, fixed spreads (from 1 pip), and leverage up to 1:500.
- The most popular account type among traders is FXStandard with the minimum deposit of $100.
- ECN-NDD accounts imply deposits starting from $200 and leverage up to 1:200.
- One more account type offered by ForexPrivat is FxPremium. It requires an initial deposit of at least $10,000 and provides leverage up to 1:100. In addition, the company provides personal advisor services for clients who choose this type of account.
You can deposit funds into your ForexPrivat account in USD, EUR, UAH, RUB, IDR, or CNY. The account currency is converted into the transaction currency according to market-determined exchange rates. Funds can be deposited and withdrawn via wire transfer, internal transfer, Ukrainian bank Privat 24, and a number of payment systems such as Liberty Reserve, WebMoney, Yandex.Money.
The broker offers various bonus programs that can meet any client’s needs. For example, each trader who opens an account with ForexPrivat receives a guaranteed no-deposit bonus of $10. You can find out more about these bonus programs on the company’s website.
The brokerage firm has developed a three-tier partnership program allowing customers to launch a trading-related business venture in cooperation with ForexPrivat.