review 2022 web trading review - Table of contents

Company information

Forex trading with is a great experience. Over the years the brokerage has proven to be a trusted and reliable partner that helps investors and traders access the global financial markets.

Being one of the largest retail online forex brokers, they are present on over 180 global markets, including stocks, indices, cryptocurrency, commodities, and online forex.

In this forex trading review, you will learn about all the aspects of their offering. From fees and accounts to trading platforms and mobile apps, read on and learn more about this forex broker.

What is Web Trading

This review wouldn’t be complete if we do not look at web trading first. What it stands for and how traders can make it work for them. This term is used when traders are using a special online trading platform provided by the broker. It can be accessed through mobile, web, or both.

Web trading platform

The things that make this online broker stand out are the comfort and simplicity to trade on a forex web trading platform that operates directly from the browser. The online-based foreign currency trading solution has a lot of advantages – it can be personalized, offers advanced features, smart risk management, trading signals, and more.

With this online broker, traders can enjoy a wide variety of online trading platforms. There is software for traders of all levels and backgrounds.

Let’s take a quick look at the most popular platform you will find with this broker.

Advanced Trading

The platform for advanced trading is a sophisticated and powerful solution that will meet most web trader's needs. With its simple and elegant interface users are free to do so much – they can create custom indicators, use drawing tools, even DMA for US traders. Users can drag and drop windows and create a layout that suits them best.

Once the software is downloaded traders get access to several additional tools and strategies as well as a newsfeed and historical data.

Web Trader

The WebTrader is a great choice for everyone who wants quick and easy access to the trading action. It runs on most browsers, and saves download time and space.

This platform is simple but also has advanced options, trading tools, technical indicators, an economic calendar and more.

Traders interested in online trading who want to access a lot of different products will find this web trader a good option.

MetaTrader 4

MT4 and 5 are the most popular forex web trading platform when it comes to CFD and forex trading. That is because both platforms are easy to use and highly customizable, plus they have all the usual features as well as automatic trading.

The MT4 download gives traders access to a huge number of tutorials online to help them made the most of their trade.

Mobile Apps

Opening a forex account with also gives traders access to the Android and iOS app download. The apps have a sleek interface and offer full trading capabilities (similar to those with the desktop forex web trading platform), integrated trading tools, and advanced charts. The newest versions also include ‘dynamic trade ticket’ with a lot of great advanced features.

The app gives direct access to the support team as well as training videos and other resources.

Markets and Products offers access to more than 4500 trading products with attractive pricing. Traders get to trade with 80+ foreign currency trading pairs, popular commodities, thousands of stocks, indices, and cryptocurrencies. The brokerage also gives access to companies like Amazon, Microsoft, and Facebook.

Spreads and Fees

This broker doesn’t charge fees on forex trades. Their compensation comes via the spread. That’s why it is no surprise that when it comes to the largest shares and forex pairs, this brokerage doesn’t offer the lowest spreads. Compared with the major competitors live pip spreads are not that different especially for the major forex pairs. However, their index and commodity CFDs costs are below average.

Depending on the type of account and volume trade the company applies one of its four pricing models. Typically the spreads range from 1.9 to 0.84 pips.

There is a special offer of 15% off standard pricing for premium account holders who meet several requirements.

Most brokerages do charge an inactivity fee, so does It is $15 per month if the forex account is dormant for over 12 months. If you want to stop trading it is recommended to contact the broker and get the account disabled, this way you won’t be charged this fee.

The rollover rates for holding positions overnight can be quite steep.


Experienced traders can make use of margins to capitalize on potential opportunities. However, this is a kind of loan which needs to be used carefully.

The maximum leverage with this broker depends on the account type and the trading activity. Their trading website offers a margin calculator which gives traders an idea about the leverage ratio they can get. Keep in mind that professional traders can get higher leverage.

Trading Accounts

Before signing up with this or any other broker, you need to make sure you are familiar with the requirements and fees.

The minimum deposit is 100 units of your chosen account currency.

If this seems a lot you can look for brokers with lower minimum deposits, but is keeping with the industry standard.

In general, there are two live accounts to choose from – the first one uses the broker’s proprietary platform and the other one the MT4 software.

Both offer the same features and a 200:1 margin.

The only difference is that the MT4 account doesn’t feature shares, fewer commodities and order types, etc.

With this online broker, traders can also opt for an Islamic account. The instructions to fill out the application form are available on their website.

Depending on the location traders will have access to the Active Trader account. This is a great option for clients with a bigger trading volume.

The best thing about this account is that it comes with lower prices for standard spreads. They can get as low as 0.4.

The active trader account has other advantages too such as no account fees, personalized support, priority service, discounts, and other benefits.

However, to be eligible for this account you must maintain an average monthly balance of $25,000. And if your average account balance is $100,000 you will enjoy even greater benefits.

Deposits and Withdrawals

Once you open your account you will have to fund it. You can use one of the multiple withdrawal and deposit options on offer. Please, note that they may vary per country Paypal (UK only), Debit/Credit card (the UK, RoW), Debit card (US), Bank transfer (the UK, RoW), eCheck (US), wire and e-bank transfer wire (US).

Traders can also use Sofort Banking to wire funds to their accounts. Whichever funding method you choose it is quick and easy. However, keep in mind that the minimum transaction amount is $30 and the maximum is $10,000.

Check the website or contact the support team if you need detailed instructions on how to withdraw funds.

Demo Account

The good news with this broker is that it offers not one but two free demo accounts. One of them is a practice account and the other one is an MT4 demo account.

These free accounts are the perfect place to learn to trade without risking your capital. Your account will be funded with $50,000 in virtual cash which is enough to practice your trading.

When you start feeling more confident and familiar with the markets, you can easily close the demo account and jump straight into a live one. It is worth noting that the practice account will not reflect the trade exactly as you may experience it with a live account.

Deals & Promotions

Unfortunately, this broker doesn’t surprise with promotions or forex bonuses. In fact, at the moment there are no promotional codes or deposit bonuses available. This of course may change so if you are looking for a forex bonus, it’s a good idea to keep an eye on the official website.

Crypto Trading

The broker claims to have the lowest trading costs for popular crypto markets compared to global competitors. The currencies that traders can access with this broker are Bitcoin, Litecoin, Ripple, and Ethereum.

Copy Trading

According to the broker’s site and account requirements, there is no copy trading option available at the moment.

Trader Education

At traders can learn in many different ways. The demo account is a great way to practice, also beginner traders can watch platform tutorial videos or general educational videos, as well as read through some quality educational articles. The trading glossary is a unique feature that helps with specific industry terms.

There is also a knowledge quiz for everyone who wants to test their skills and knowledge. Unfortunately, traders will not find webinars and ways to get in touch with trading professionals directly.

The customer support team can help with some common queries, but if you are a beginner broker, looking for some hands-on extensive support or advanced knowledge it is better to look at their resources first.

Regulation and Licensing

Users are impressed that is regulated in so many jurisdictions which speaks of the high standard of corporate governance. We will mention only a few of the regulators: the UK's FCA, Hong Kong's SFC, Canada's FSA, and many more. And this is not all; the company holds licenses in several other countries around the world. The latest CIMA regulation has facilitated the brand's growth in the Middle East, South Asia, and across Africa.

Traders can be sure that this broker is well regulated and trustworthy.

Another great thing is that because of these regulations traders can receive compensation in different scenarios.

Customer Support

Getting in touch with customer support is quick and easy. You can contact them directly via live chat which is accessible through the website. It can also be reached through the online trading platform within the mobile app.

Another way to contact the support team is via email and phone. According to user reviews, the staff is friendly, knowledgeable, and supportive. This broker offers customer support in 7 languages: English, German, Spanish, Polish, Lithuanian, Russian, and Arabic.

The FAQ section is also quite informative. There is where traders can find answers to many of the more common queries.

Follow the link for UK clients only - UK clients only

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