Real
Forex is an ECN broker that offers both MT4 access and its own trading
platform, aptly called the Real Stream platform. Operated under the
umbrella of Finocorp Ltd., Real Forex aims to provide the utmost in
market liquidity by partnering with some of the largest banks in the
world. During the course of our Real Forex review we tested the
company’s trading platform, customer service and more. Read our full
Real Forex review to see if this brokerage is really for you.
General Information
Founded in: 2007
Headquarters: London, UK
Maximum leverage: 1:200
Minimum deposit: $500
Minimum lot size: 0.1 lot
Languages available: English, Arabic, French
Trading Platform
Traders that open an account with Real Forex can choose between the standard MetaTrader4 platform or the company’s own Real Stream option. For the purposes of this Real Forex review we focused on the Real Stream platform, and were surprised by the efficiency of the platform. Traders can choose between 1 click trading, 2 click trading and Click & Confirm trading. We found the platform very easy to configure and were happy that it had enough room to move around the panes so that all of the most important information could fit inside neatly. The platform configuration can also be saved so that traders can return to find the platform exactly as they like it. It is important to note that traders who forget to save their settings will have to re-customize their platform as they desire.
General Information
Founded in: 2007
Headquarters: London, UK
Maximum leverage: 1:200
Minimum deposit: $500
Minimum lot size: 0.1 lot
Languages available: English, Arabic, French
Trading Platform
Traders that open an account with Real Forex can choose between the standard MetaTrader4 platform or the company’s own Real Stream option. For the purposes of this Real Forex review we focused on the Real Stream platform, and were surprised by the efficiency of the platform. Traders can choose between 1 click trading, 2 click trading and Click & Confirm trading. We found the platform very easy to configure and were happy that it had enough room to move around the panes so that all of the most important information could fit inside neatly. The platform configuration can also be saved so that traders can return to find the platform exactly as they like it. It is important to note that traders who forget to save their settings will have to re-customize their platform as they desire.
One
thing of specific note about the Real Forex platform is that trade
executions were extremely fast as compared with those from other
brokers. We especially liked the ability to do a partial close and to
close all positions at once, and were fond of the one click execution,
which sped up an already fast platform. Overall, we were remarkably
satisfied with the functionality and execution of the Real Stream
platform.
Features
We submit that the most important feature offered by Real Forex is the extremely fast execution offered by the brokerage. However, what we found almost as useful is the fact that the broker’s daily market analysis arrives automatically via email – a feature which some people may find intrusive, but we found extremely useful.
Real Forex also accommodates automated traders either through ZuluTrade or as a FIX User on the Real Stream platform. And, not surprisingly, Real Forex also caters to technical traders by offering a plethora of charting tools which are based upon the ProRealTime API. Although we didn’t test each tool individually we did note the range and efficiency of the package as a whole.
Ease of Use
Opening an account with Real Forex is entirely straightforward, though we were surprised to see that only users who provide a valid phone number will be granted access to the trading platforms. Still, there’s no question that opening an account with Real Forex is markedly quicker than it is when registering with other Forex brokers.
We had a bit of difficulty downloading the Real Stream platform because it requires Java to be installed on the computer, but Real Forex’s customer support team was able to help us resolve this issue quickly and easily. Once the platform was downloaded, we found it extremely user-friendly. For the few questions that we did have we were able to contact the broker’s support center and have all of our questions answered immediately.
Customer Service
Real Forex offers customer service 24/5. Assistance is available via phone with a local UK number only, but traders who prefer to contact the broker for free can take advantage of the broker’s email support or chat service. Emails can be submitted via a form on the broker’s website or to direct email addresses provided on the contact page. We emailed Real Forex and were satisfied with the response that we received within 24 hours.
Features
We submit that the most important feature offered by Real Forex is the extremely fast execution offered by the brokerage. However, what we found almost as useful is the fact that the broker’s daily market analysis arrives automatically via email – a feature which some people may find intrusive, but we found extremely useful.
Real Forex also accommodates automated traders either through ZuluTrade or as a FIX User on the Real Stream platform. And, not surprisingly, Real Forex also caters to technical traders by offering a plethora of charting tools which are based upon the ProRealTime API. Although we didn’t test each tool individually we did note the range and efficiency of the package as a whole.
Ease of Use
Opening an account with Real Forex is entirely straightforward, though we were surprised to see that only users who provide a valid phone number will be granted access to the trading platforms. Still, there’s no question that opening an account with Real Forex is markedly quicker than it is when registering with other Forex brokers.
We had a bit of difficulty downloading the Real Stream platform because it requires Java to be installed on the computer, but Real Forex’s customer support team was able to help us resolve this issue quickly and easily. Once the platform was downloaded, we found it extremely user-friendly. For the few questions that we did have we were able to contact the broker’s support center and have all of our questions answered immediately.
Customer Service
Real Forex offers customer service 24/5. Assistance is available via phone with a local UK number only, but traders who prefer to contact the broker for free can take advantage of the broker’s email support or chat service. Emails can be submitted via a form on the broker’s website or to direct email addresses provided on the contact page. We emailed Real Forex and were satisfied with the response that we received within 24 hours.
We
also chatted with Real Forex on several occasions and found
consistently reliable customer service. It is worth mentioning, however,
that there were times where we had to wait for assistance. Still, the
wait was significantly longer than those of other brokers such as iForex
where we were unable to create a connection at all. Once we did reach a
representative, we received solicitous and helpful assistance and were
able to resolve both technical issues and trading issues swiftly. We
especially enjoyed the fact that the chat service pinged us when we
received a response so that we didn’t need to keep the chat window open
at all times, as we did when chatting with most other Forex brokers.
Final Thoughts
Considering the impressive nature of Real Forex’s platform and the broker’s extremely quick trade execution, it’s a bit disappointing that this Forex broker is still unregulated. The representatives that we spoke to were confident that the regulation would be shortly forthcoming, and we hope that this is the case. Despite this one deficiency, we were highly impressed with Real Forex and believe that thisForex broker has a real chance at becoming a truly top broker when it is fully regulated.
Considering the impressive nature of Real Forex’s platform and the broker’s extremely quick trade execution, it’s a bit disappointing that this Forex broker is still unregulated. The representatives that we spoke to were confident that the regulation would be shortly forthcoming, and we hope that this is the case. Despite this one deficiency, we were highly impressed with Real Forex and believe that thisForex broker has a real chance at becoming a truly top broker when it is fully regulated.
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