About ForexMeta

Does ForexMeta offer currency exchange?
We do not deal in any physical exchange of cash. The FOREX market is only suited for speculation and hedging of currency risk.

 

Does ForexMeta offer online reporting?
Yes. Access to trading records is available online via the reporting functionalities of the trading platforms and through daily email correspondence.

Does ForexMeta charge commission on trades?
No. ForexMeta will not charge commissions on trades made by self-directed clients on the normal MetaTrader platform. ForexMeta is a commission free broker who earns its income from the spread.

 

Are the Spreads, Rollover Rates, Charts and feeds the same for Mini and Standard Accounts?
Yes, ForexMeta offers the same execution-rollover rates, charts, and spreads for a Mini and Standard account.

Does ForexMeta offer Micro Lot Trading?
Yes, if any account is less than $2,000 USD, one is able to trade micro lots, trading in 1,000 base currency units.

 

What leverage does ForexMeta offer?
We offer 100:1, and 25:1 leverage.

 

Does ForexMeta have a dealing desk?
Yes. The function of a “dealing desk” is the subject of much speculation in the FOREX business these days. Some firms promote the fact of “no dealing desk.” In all cases of retail trading, the pricing the customer sees is the pricing the customer receives. Dealers, such as ForexMeta, receive institutional level liquidity [pricing] from their global banks and then, with the spread widened, stream them out to their customers. Does this mean that customers are guaranteed no slippage on all orders? No. In times of extreme volatility, clients will not always get the price they clicked on. The market is a dynamic event and prices change quickly and latency may affect pricing. The critical factors here are the volatility of the market and the latency of the connection. Our dealing desk’s role is to manage the liquidity streams between us and our market makers and to ensure that customers always enjoy competitive pricing and spreads.