ForexOclock

General Information & Regulation

ForexOclock is an Italian online Forex broker, powered by FXDD Trading, which is regulated by the Malta Financial Services Authority (MFSA) under regulation number C48817), so ForexOclock itself is not actually regulated in any way.

Market Instruments

ForexOclock provides financial instruments, including major currency pairs, minor currency pairs, and precious metals in the Forex market.

Minimum Deposit

ForexOclock offers investors two different types of accounts: Standard and ECN accounts. The minimum deposit for a standard account is 600 EUR, and for an ECN account, 2,000 EUR. Additionally, ForexOclock offers traders a demo account.

ForexOclock Leverage

In terms of trading leverage, ForexOclock doesn't make this clear. However, since leverage can amplify gains as well as losses, it is vital for traders to choose the proper amount.

Spreads & Commissions

ForexOclock official website list some spreads on currency pairs, around 0.2 pips on EURUSD, 0.4 pips for GBPUSD, 0.7 pips for EURGBP, and 1.0 pips for EURJPY. This seems to be very attractive and competitive spreads, in addition to which ForexOclock charges a commission of 5.98 EUR per lot (round turn) for major currency pairs and 9.98 EUR per standard lot (round turn) for minor currency pairs and metals trading.

Trading Platform

ForexOclock's official website claims to offer investors the most popular MT4 & MT5 trading platforms, but this is just a false advertisement. The downloaded software is not an MT4/MT5 trading platform.

Deposit & Withdrawal

ForexOclock supports traders to deposit and withdraw funds from their investment accounts via Visa, MasterCard, China UnionPay, Neteller, and wire transfer.