Forexware Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-03 12:10

Abstract：ForexWare develops FX trading software and enterprise solutions to FX retail brokers, banks, financial institutions and money managers worldwide. ForexWare offers software solutions and technology for larger firms, institutions and small firms. ForexWare allows hedge funds and brokerage firms access to non-bank liquidity providers around the world.

　　Currently, the official website of Forexware is unable to open.

Forexware Review Summary
Founded Year	2020
Company Name	Forexware
Registered Country/Region	United States
Regulation	Not regulated
Market Instruments	FX, Metals, CFDs
Demo Account	Available
Leverage	Up to 1:500
Spread	From 0.0 pips
Trading Platform	XW Trader, XW Trader Mobile, MT4/5
Min Deposit	$10
Customer Support	Phone: (1) 212-437-8100
	Online Chat: Available
	Email: Not mentioned

Forexware Information

　　Founded 2020 in the United States, Forexware is a trading tool providing FX, metals, and CFDs. Forexware suits traders of all stripes with leverage up to 1:500, spreads from 0.0 pips, and several account kinds. Still, it runs free from governmental supervision.

Pros and Cons

Pros	Cons
Competitive spreads starting from 0.0 pips	Unregulated
Offers multiple account types, including Islamic accounts	Higher minimum deposits for Pro accounts($1000)
Diverse trading platforms: XW Trader, MT4/5

Is Forexware Legit?

　　Forexware is not regulated by any financial authority.

What Can I Trade on Forexware?

　　Forexware provides over 46 currency pairs, metals, and CFDs.

Tradable Instruments	Supported
FX	✔
Metals	✔
CFDs	✔
Stocks	❌
ETFs	❌
Cryptocurrencies	❌

Account Types

　　Forexware offers 4 account types. All accounts include demo options.

Attribute	Standard Account	Cent Account	Pro Account	Islamic Account
Leverage	1:500	1:100	1:100	1:500
Spread	0.0 pips	0.1 pips	0.0 pips	0.0 pips
Commission	$0.02 per lot	$0.002 per lot	$0.05 per lot	$0.02 per lot
Min Deposit	$100	$10	$1,000	$100
Demo Account	Yes	Yes	Yes	Yes

Forexware Fees

　　Forexware offers spreads starting from 0.0 pips and low commissions.

　　Non-trading fees, such as deposits and withdrawals, are generally free.

Fee Type	Details
Spreads	From 0.0 pips
Commission	$0.002 - $0.05 per lot
Deposit Fee	Free
Withdrawal Fee	Free
Min Deposit	$10 (Cent Account)
Processing Time	Instant to 7 business days

Trading Platform

　　Forexware provides popular MT4/5 platform, and XW Trader platform.

Trading Platform	Supported	Available Devices	Suitable for
XW Trader	✔	Desktop	Institutional and advanced traders
XW Trader Mobile	✔	Mobile (iOS, Android)	On-the-go traders
MT4/5	✔	Desktop, Mobile	Novice and experienced traders

Deposit and Withdrawal

　　Forexware supports multiple deposit and withdrawal methods with no fees. The minimum deposit is $10.

Method	Min Deposit	Fees	Processing Time
Credit/Debit Cards	$10 - $1,000	Free	Instant to 5 days
Bank Transfers	$10 - $1,000	Free	Up to 7 business days
E-Wallets (PayPal, etc.)	$10 - $1,000	Free	Instant