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About

Discover a world of opportunities and immerse yourself in a diverse range of +250 tradable assets: forex pairs, commodities, indexes and much more. Get the tightest spread and the highest flexibility with our platform: you are not just trading, you are navigating a vast ocean of possibilities. Our streamlined account setup process ensures you can start trading quickly and hassle-free. No more waiting for days to get started; we prioritize your time and convenience We're committed to providing you with the most competitive trading costs in the industry. Our low fees mean more of your hard-earned money stays in your pocket. Join our vibrant trading community for free. Exchange insights, strategies, and market knowledge with fellow traders to enhance your skills and stay informed.

About

Worlds largest financial market with trillions of dollars exchanged daily. Our top priority is our clients' satisfaction. Forwex offers a user-friendly interface that makes trading easy and quick for everyone. Through our platform, you gain access to an extensive range of 70+ assets, spanning currency pairs, cryptocurrencies, commodities, indices, and beyond! Advanced charting tools and technical indicators, including chart patterns and price alerts to help users achieve financial goals.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Traders

Audience

Traders

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version
Free Trial

Pricing

No information available.
Free Version
Free Trial

Reviews/Ratings

Overall 2.7 / 5
ease 3.0 / 5
features 2.7 / 5
design 2.7 / 5
support 2.3 / 5

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 5.0 / 5
support 5.0 / 5

Pros & Cons from Real Users

Pros

  • Offering different type of products and amazing team which is always on spot. I worked with Palmer for 3 months and everything was smooth, he helped me with all the requests that i had.
  • Mt5 is a good platform. At the start everything seems to look good until you try to withdraw money and realise their commissions
  • They use MT5 which seem to work reasonably well. Account managers are extremely nice over the phone but I suspect they try and make you trust them before they scam you.

Cons

  • No Mt4 that's the only downsize that i can see but not really a con.
  • The commission is insane. I made $928 and they took $531 of that. Very hard to get in touch to find out where your money is. Slow transactions out of the account.
  • Their account managers give fraudulent advice with high number of lots, to open exotic positions which have huge spreads. This eventually leads to low free margin which in turn requires hedging positions with similar high numbers of lots. Coupled with very high commissions and swaps, you eventually loose all your money. Initially I started with 10k, then 20k, and built it up to 50k. I then naively listened to thei expert to put in another 40k (to make it up to 100k, including their bonus) from which they promised a return of 20% per session. Fromm 100k I ended with 20 k after 3 hrs of their advice. The following day my account was wiped out. Please do not go near them if you value your money.

Pros & Cons from Real Users

Pros

  • I mostly trade for fun, and this platform works well for that. Leverage and low fees help, but I struggled a bit with the site’s layout at first. Once you get the hang of it, though, it’s a pretty smooth ride.
  • The platform is well suited for manual trading in the medium term, as well as for semi-automatic strategies. I was especially pleasantly surprised by its response to high volatility - I tested it on dollar news, everything went smoothly.
  • When evaluating a trading service, key factors include liquidity, cost-effectiveness, and execution speed. Tried this exchange, and it’s got some solid advantages. This platform performs well in these areas—high liquidity ensures smooth trade execution, and zero commissions add to cost savings.
  • On the one hand, the exceptional liquidity allows you to handle significant trading volumes with ease, and the lack of commissions is a financial relief. On the other hand, the interface is showing clear signs of age, and the registration process feels unnecessarily drawn out, which at the time frustrated me and left me wishing for a more efficient and modern approach.
  • Orders fill instantly, and even in high-volatility moments, there’s no slippage. High leverage also adds flexibility, which is great. The trading system is simple but effective, and that’s exactly what I need.

Cons

  • But support let me down when I needed help urgently. I lost out on a big opportunity while waiting for a response.
  • There are also disadvantages: the interface is not visually repulsive, but the logic of the arrangement of instruments requires improvement. The absence of a metatrader is more a philosophical choice of the team than a shortcoming, but for some of the audience this will be difficult.
  • The registration process is longer than ideal, which can be a deterrent for those looking for a quick entry into the markets. I also found that customer support takes time to respond, which isn’t great if you need immediate assistance during high-volatility periods.
  • Meanwhile, customer support moves with all the urgency of a glacier, although to its credit, the trading system itself is polished and functions reliably once you’re inside the proverbial gates. While it’s certainly an effective and budget-friendly option for increasing profits, in my humble opinion, its cumbersome registration process and outdated design hold it back from reaching its full potential.
  • However, I do wish there were more customization options. Those who rely on advanced tools might find it a bit limiting. And the interface isn’t the most intuitive, to be honest. It’s functional but could be modernized.

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

Bullwaves
Seychelles
www.bullwaves.com

Company Information

Forwex
Founded: 2018
forwex.com

Alternatives

Alternatives

Vantage

Vantage

Vantage Markets
Hankotrade

Hankotrade

HankoX

Categories

Categories

Integrations

MetaTrader 4
MetaTrader 5

Integrations

MetaTrader 4
MetaTrader 5
Claim Bullwaves and update features and information
Claim Bullwaves and update features and information
Claim Forwex and update features and information
Claim Forwex and update features and information