In this Forex Birds Review, we are going to take a look at the offer that this broker prepared for its traders. When it comes to trading platforms, the broker features MetaTrader 4. The Forex Birds minimum deposit is 100 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this Forex Birds Review
Website address: | https://forexbirds.com/ |
Operated by: | Forex Birds Ltd |
Licensed and authorised by regulatory bodies: | FSA |
Supported languages: | English |
Customer support available via: | |
Contact details: | [email protected] +44 7451 222 444 |
Available deposit methods: | Bank transfer, Skrill, Neteller |
Available withdrawal methods: | Bank transfer, Skrill, Neteller |
Minimum deposit: | 100 USD |
Min. trade in lots: | 0.01 |
Spreads: | Minimal spread on the currency pair EUR/USD - 2,1 pips * on standard account type |
Tradable assets: Might be a CFD. | Forex, commodities, indices |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:500 |
Social trading: |
Forex Birds Fees (minimal spreads)
We have scanned fees (minimal spreads) that Forex Birds charges when trading popular currency pairs, here is their breakdown in pips.
EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
---|---|---|---|---|---|
* | 2,1* | * | * | * | * |
*Minimal spreads were recorded on 28.07.2020 at 16:33 for the standard account. Forex Birds spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: AngelBroking, BinaryOptionFXTrade, InteractiveBrokers and RTSMarkets
Frequently Asked Questions
🧐 Is Forex Birds a Scam?
In accordance with our research, Forex Birds is a broker licensed and regulated by the FSA. While it is a good thing that the broker is regulated, the FSA regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that Forex Birds is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the Forex Birds minimum deposit?
In order to start trading with Forex Birds, you have to deposit at least 100 USD.
📵 What deposit and withdrawal methods Forex Birds supports?
⚖️ Would you recommend me choosing Forex Birds?
We don’t have our own personal experience with Forex Birds. However, the broker is regulated by the FSA which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with Forex Birds.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.