Residence, regulating and company management

The company is registered on British Virgin Islands, nothing is mentioned about any regulative organs. The company has an office in London. No management or structure information about the company is stated.

Company's Market Position

The company names itself a broker and market maker. There is dealing desk on the site. No banks – partners (liquidity suppliers) are mentioned. The company conducts individual, incorporated, collective, corporate trading accounts and offers confiding management.

Types of Services Offered

The company offers trading in the courses of 7 majors and their cross-courses. Clients may also add several currency pairs. Apart from currencies CFD on basic fund indexes, gold, silver and crude oil can be traded.

It is possible to trade in standard and mini (10% standard) lots from one account. The volume of transactions on any instrument is limited to 200 lots. Sizes of lots are not identical.

Leverage 200:1 is set for all instruments (initial margin, accordingly, 0.5%). The transfer of position to the next day is executed according to the principles of SWAP with the permanent rates of payments.

Information about term-of-trades is placed in a summary table.

Quotation is realized by the stream method. Minimum deposit - $2000 at trading in complete lots, $250 at trade only by mini lots. You may use bank order (essential elements are indicated), credit cards, PayPal, e-gold and e-bullion to deposit money on an trading account. The company-client relations are verified only over the internet, «hard» agreements are not used.

Traders Support

There is a special page for beginners on the site. It contains short market review, information about methods of analysis and trade, FAQ and a glossary. Demo-accounts are offered as well.

The site supports 9 languages.

Interactive support of users is conducted by phone, chat, e-mail.
You may access news section and calendar of events for free.

The Trading Platform

The trading platform of «MoneyForex Trader» is rather workable. Due to the assortment of it's possibilities and functions it can be compared to the best market platforms. Aside from some basic informative services, it includes developed facilities of technical analysis, intuitional developer of indicators with a built-in programming language, system of WYSIWYG. The use of JAVA makes trading platform independent of the operating system.

Site Design and Ease of Navigation Comments

Despite the fact, that the design of the site is quite tasteful, navigation doesn't seem to be very comfortable. E.g. the summary table of spreads and swaps is placed so deeply, it is possible to find it only after a thorough exploration of all of content of the site. Not all pages are translated into each of the 9 languages.
There are several errors and broken links.

Advantages

• Trading all of the offered instruments with a single account, combination of standard and mini lots.
• Powerful, flexible and universal trading platform.
• Good users support, both interactive and analytical.

Disadvantages

• Lack of information about any regulative organs, thus, complete obscurity of the company.
• Lack of documentary registration of relations of clients and company.
• Poor arrangement of information which is scattered between completely different sections and is hrd to find.
• Errors, broken links and incomplete translation of the site.