BrokAIr Reviews

Forexite Review

"Forexite offers some of the best Forex trading services available, but its lack of customer support leaves a lot to be desired." Can Forexite really compete with the top Forex brokers if it doesn't provide adequate customer service?

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Overview of Forexite

Forexite is an online broker that was established in 1999. It is based in the United States and provides its customers with a variety of trading services, such as currency exchange and CFD trading. Forexite is regulated by the US National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC).

Pros of Forexite

Cons of Forexite

Founders of Forexite

Forexite was founded by Peter Kohn and Mark Dann, who are both experienced traders. They have been involved in the finance industry for more than 25 years, and have worked with leading financial institutions in the US and Europe. They have also been involved in developing proprietary trading software and have a wealth of knowledge in the online trading industry.

Public Opinion of Forexite

Public opinion on Forexite is generally positive, with many traders praising its competitive spreads and no commission fees. The customer service has also been praised as being helpful and knowledgeable. However, some customers have noted that the limited number of currency pairs available can be an issue, as well as the lack of a MetaTrader 4 platform.

Newsworthy Events around Forexite

In 2020, Forexite launched a MetaTrader 4 platform for retail clients.

In 2021, Forexite added a MetaTrader 4 MultiAccount Manager (MAM) feature.