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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.

About

Explore and trade major, minor and exotic currency pairs with efficient spreads. Trade CFDs on stocks of leading companies and industry giants without actually owning them. Trade CFDs on popular digital currencies with leverage. Speculate on CFDs on hard or soft commodities like gold, silver, oils, and grains. Diversify your trading with CFDs on the exchange-traded funds, where multiple assets are gathered in one basket. Select from a list of CFDs on widely traded indices representing a particular market sector or national economy. A multichart layout, technical analysis, historical quotes and beyond. Everything you’re looking for in a platform — on the device of your choice. Get the most out of fundamental and technical analysis with our News Feed and Economic Calendars. More than 100 most widely-used technical indicators and widgets. Always stay up-to-date on what is happening in financial markets with our customizable price alerts.

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 searching for an online trading platform

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

Reviews/Ratings

Overall 4.8 / 5
ease 4.7 / 5
features 4.5 / 5
design 4.6 / 5
support 4.6 / 5

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.

Pros & Cons from Real Users

Pros

  • I opened four charts at once, BTC, gold, NASDAQ and EUR/USD, expecting the terminal to slow down a little. To my surprise, it stayed stable and switching timeframes felt fast.
  • Even the margin trading mode can impress with the spreads, I've even seen like 0.9 lowest on eUR/USD during US market hours. That's dedication to making it affordable.
  • There was something I didn’t see elsewhere: AI client integration for powerful analysis and trade execution inside the platform, custom indicators on quadcode platform, nice costs for both options and CFDs.
  • It’s good that different trading modes are available, but options are my fav ones for trading for now
  • Pretty fast and simple onboarding procedure. Low deposit is required for real account. Various trading modes included

Cons

  • It might take some time to get used to its user interface because it’s very different from MT4 or MT5 versions.
  • Cant say they are doing great on adding more features, it's pretty limited out there.
  • Imho the weakest side of the broker is leverage. You can’t really choose what leverage to set and it’s not very balanced.
  • Forex trading is not their strong side, spread is just standard
  • I think they can work more on the market range and add more instruments

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

Forwex
Founded: 2018
forwex.com

Company Information

IQ Option
Founded: 2013
iqoption.com/en

Alternatives

Alternatives

Hankotrade

Hankotrade

HankoX

Categories

Categories

Integrations

No info available.

Integrations

No info available.
Claim Forwex and update features and information
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Claim IQ Option and update features and information