Forexoma was started by a group of forex traders who started the Forexoma Brokerage for their subscribers and website users. Forexoma.com has thousands of loyal users and many of them learned forex though the Forexoma website. Most have complained about various brokers cheating them. Many of them have asked about recommended brokers.
These questions made the founders consider how forex traders could have a safe and reliable place to trade. Forexoma Brokerage was established to help their established users to trade in a safe and reliable environment. It was not established to make money through the traders loss, like many believe most other brokers do.
The owners of Forexoma are forex traders too. After starting the Forexoma Brokerage, they transferred their trading funds to their own brokerage and now they trade through the same platform, liquidity providers, prices and spreads that Forexoma Brokerage clients do. They are happy to not only have a safe and reliable place for their own trades, but to share it with the other traders. This is another difference that Forexoma Brokerage has compared with other brokerage services. It is a big difference, because you can hardly find a brokerage company, established by real forex traders who also trade through the same platform as their clients.
Company Name: Forexoma Ltd.
Online Since: 2010
Country: Canada
Regulated: Unregulated
Payments/Withdrawals: Wire transfer, check, credit card, PayPal and AlertPay
EUR/USD Spread: 1 – 2 pips
Minimum Account Size: $500
Leverage: from 1:1 to 1:100
Minimum Position: 0.1 lot
Platform(s): Metatrader 4
Mobile trading: No
Demo Account: Yes (Unlimited)
Support: Phone, ticketing system
Training: Yes
Managed Accounts: No
Languages Supported: English
Trade what?: Forex, gold, silver
ECN/STP: STP broker
Advantages: Metatrader 4 platform, many deposit/withdrawal options
Disadvantages: Unregulated, Canadian residents not accepted as clients
Partner Programs: No
Learn more about Forexoma here
