ForexWare-Overview of Minimum Deposit, Spreads & Leverage
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 |
Read more
T4Trade Review 2025: Live & Demo Accounts, Withdrawal to Explore
T4Trade, established in 2021 and regulated by the FSA in the Seychelles, allows trading on a modest portfolio of over 300 instruments, spanning forex, metals, indices, commodities, futures, and shares, all accessible via the popular MetaTrader 4 and their proprietary WebTrader platforms. Notably, T4Trade offers a zero-commissions pricing model where both floating and fixed spreads are offered on its MetaTrader—flexible leverage up to 1000:1 to increase trading flexibility. T4Trade also introduces a copy trading service called “TradeCopier”, which enables traders who lack experience or time to join in the markets by copying the trades of seasoned professionals.
Swissquote Review 2025: Live and Demo Account to Explore
Swissquote is a unique online broker with a solid banking background in Switzerland. As a forex-focused platform, it provides one of the most respective range in the industry, over 80 currency pairs in major, minor and exotic. Notably, Swissquote offers different trading conditions for traders from Switzerland, Europe, Middle East, Hong Kong, South Africa, and other regions, and traders at Swissquote can enjoy the benefit of trading with its well-regulated brand and entities. Besides, Swissquote offers excellent research offerings along with its product offerings.
Webull: A Comprehensive Review from Accounts to Withdrawal 2025
Webull Financial stands as a digital trading platform founded in 2017, offering commission-free trading across multiple asset classes including stocks, options, ETFs, cryptocurrencies, and forex. The platform targets primarily intermediate traders seeking a balance of analytical tools and straightforward execution capabilities. While Webull provides robust charting tools and an intuitive mobile experience, its forex offering remains at industry average levels with certain limitations in currency pair selection compared to some other forex brokers.
Quotex Review 2025:Live & Demo Accounts, Withdrawal to Explore
Quotex is an online trading platform specializing in digital options, offering access to various assets, including currencies, commodities, and cryptocurrencies. It operates with a proprietary web-based platform. The platform's user interface, while basic, is generally functional, and the availability of numerous short-term trading options may appeal to those seeking rapid trading opportunities. While it presents a user-friendly interface and a low minimum deposit, it's important to note that the regulatory landscape surrounding Quotex involves offshore registration, which may present different levels of investor protection compared to more strictly regulated financial jurisdictions.
WikiFX Broker
Latest News
TriumphFX: The Persistent Forex Scam Draining Millions from Malaysians
WikiFX2025 SkyLine Guide Thailand Opening Ceremony: Jointly Witnessing New Skyline in a New Chapter
WikiFXSafety Alert: FCA Discloses These 11 Unlicensed Financial Websites
WikiFXUnbelievable! Trump to 'Sell US Green Cards'?
WikiFXMassive Crypto Scam in Philippines: Education Pioneer Wealth Society Exposed
WikiFXGQFX Trading Review 2025: Read Before You Trade
WikiFXWikiFX Community Ramadan Charity Creator Program
WikiFXArab Trading Market Stunned by this Scam! Know about it & Beware
WikiFXSkype announces it will close in May
WikiFXDOJ Investigates LIBRA Memecoin Scam: $87M Lost by Investors
WikiFXRate Calc
