BRFXtrade is a veteran forex broker that has been in business since 2009. With access to six asset classes, including Bitcoin, indices, shares, energies, currencies, and forex, BRFXtrade gives you an opportunity to trade on the global market with some of the latest tech and software available, as well as the option of automating the entire thing should you want to.
With more than 50,000 clients and operating in more than 190 countries across the globe, BRFXtrade has certainly made a name for itself. As a client, the broker offers you access to industry-leading trading platforms: MT5 Web Platform and MT5 Metatrader. MT5 Web Platform is a web-based platform that allows for efficient trading directly from a web browser. The platform does not require the download of any additional software. Its functions include opening and closing trades, setting stops and entry limits, placing orders, managing limit and stop loss, charting, and many more. MT5 in the form of an application is equipped with a customizable user-friendly interface, a terminal that allows for market analysis, decision-making, trade execution, and management of automated trading systems to top things off.
BRFXtrade also offers access to an online social trading platform that enables traders to follow successful traders and build their own portfolio in their image. Part of the experience of working with this broker is that it provides comprehensive trading support and education. The broker offers its customers free forex eBooks, video tutorials, articles, market analysis reports, and an economic calendar to maximize profits and minimize risk. Regardless of the account type, customers have access to their personal account managers who also serve as trading advisors and consultants. Also in the package are free trading signals based on in-depth market analysis. Moreover, BRFXtrade provides every trader with the option of using its automated trading system without additional charges. Should the need arise, customer support can be reached via phone, email, and live chat.
The broker does not charge any additional fees and commissions, so spreads are the only trading costs incurred by traders. All account types have free access to automatic trading services, signals, educational materials, and a personal account manager.
BRFXtrade offers two types of promotional bonuses. New clients are eligible for up to 100% bonus on their first deposit depending on the amount of their investment. The second bonus comes in the form of a referral bonus, equivalent to 10% of the first deposit of each of the clients’ referrals.
The following payment options are available for deposits and withdrawals:
There are no additional charges for deposits. Funds will be reflected in the account after the user’s account has been authorized. You can request a withdrawal during regular office hours.
Your payment will be processed within 7 (seven) business days, after which the payment will be made via the original payment method. Withdrawal of funds is only available to clients who have uploaded their supporting documents and had their trading accounts validated.
BRFXtrade, with a decade’s worth of experience, has become a solid broker with a client-centered approach. Its strengths are in its strong technological infrastructure that was built over the previous years. A wide variety of account types, access to the most innovative and up-to-date trading platform, a comprehensive package of support and educational materials, and optimum trading costs. These are some of the good aspects BRFXtrade possesses as a broker. The only downsides worth mentioning is that the broker requires a relatively high initial deposit and does not offer a demo account.