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Forex-Metal reviews
Average: 3.7 based on 14 reviews
Forex-Metal
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- Website: forex-metal.com
- Year since: 2007
- Headquarters: Panama
- Company registration: FM Financial Services Ltd, Belize;
Dunboyne Investment, S.A., Panama
- Regulation: IFSC Belize, license # IFSC/60/156/TS/10;
Commercial License Type A #2004-4123.
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Were you satisfied with the quality of Forex-Metal broker services?
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REVIEWS & RATINGS




nyuyui
February 1, 20127 years Total
2 months with this Broker
this very bad broker i trade make profit 600$ whenmake withdrawal i not get any money never
and support very bad
this broker scam all
USA, me
July 13, 2011I am looking for a FX broker but reading their website indicated that you can NOT submit a request to withdraw your money until all positions are closed. So this means i have to stop trading in order submit a withdrawal some of my money when i need it to? Can someone share experience how this works? many thanks.
Israel
April 5, 20111 Total
8 monthes with this Broker
I opened an account with Forex Metal on the recommendation of my friend. For my purposes that's a really decent broker. With no reqoutes assuming that I am not scalping. Attractive promo offers - I've got ATM debit card from them. Excellent customer support, which responds shortly, is very helpful. I had never had problems with withdrawals.
Mei Ling
July 10, 2010two years Total
2 Months LIVE with this Broker
Forex Metal tempts people to open accounts with them by providing bonus with no swaps account at the following link,
https://forex-metal.com/discount/discount05. I opened account with them on 13th of May 2010, I traded more than 1,500 lots with them up to 25th of May, but only 300 lots calculated to get the bonus (It was not fair to me). Afterwards they rose up 2 pips for my account without any notice, few days later; they gave me the following email:
Dear Mrs. Mei Ling Chen,
We believe that forex trading is a two-way street: it should be profitable to both parties. We make our money from hedging customers trades through other forex companies or banks. Your trading pattern over the past few days shows that you prefer to hold positions for a short period of time, ripping 5-10 pips profit in most cases. At the same time your friend gets 1 per lot in commission payments. Of course it is your choice how you want to trade, but in such circumstances we cannot keep extra low spreads and make profits from hedging. Besides, our counterpart where we hedge our risks has changed our trading conditions, this prompted us to act.
We are re-assessing the situation and if we can offer you something better, we will. Rest assured that we want to keep our customers happy, but at the same time we cannot put our business at greater risk.
Regards,
Forex-Metal Customer Support 31th/May/2010
I was forced to withdraw my money back; the money not belongs to me alone (two of my friends involve as well). I sent them 100K withdraw request on 25th of May; I shall get the money back at the end of May if Froex- Metal processed it properly. Unfortunately, they made the excuse like: One of our banks has a very strict anti-money laundering procedures for over 25,000 international payments. I asked them to separate into 4 wires, each one 25,000. With the help from PFA, they sent the first wire 25,000 to me on11th of May. But up to now, I have not heard from them regarding the next payments. I still have 75,000 with them. I am suffering a lot from withdrawal and trading experience with forex-metal. There is no way to contact their payments through the telephone.
I contact with their live chat twice per day. The answers are the same --- Please email your enquiry to the payments. I am under depression with this withdraw issue. What shall I do if they continually keep me waiting? Shall I report the government department which regulated the forex coms in Panama?
Also check the following link: http://www.forexpeacearmy.com/public/review/www.forex-metal.com
Ahmadajan
June 30, 20102yrs6mnths Total
about one year liveaccount with this Broker
okay, so I am ForexMetal affiliate meaning that I refer my fellows from my country and my friends and I get comisions for this. THIS IS VERY GOOD BROKER, I also trade with them and they really pay and many brokers now do not pay. I want to say Viva, forex-metal and keep it that way!
sarah
June 5, 2010two years Total
one month with this Broker
Is Forex-Metal a scam company?
I open an account with them on 13th of May this year. They rose up 2 pips for my account one week ago without any notice. I sent the 100,000usd withdraw request on 25th of May, but the money still in their bank up to now. Do you know this company? How do you think about this company? Sarah
Ed
December 26, 20093 years Total
1 year live with this Broker
They have a lot of server problems which causes orders not getting closed on TP or SL which causes a lot of losses, they act as if its not their fault and dont answer emails or phonecalls, if they do they just deny any fault.
Stay far away from this one.
Shira
November 19, 20092 years Total
7 months live with this Broker
What I personally like about them is that they have many funding options available, including almost all e-currencies . Recommended broker for scalping strategies. Excellent execution and customer support.
trader
October 17, 2009Forex-Metal has been running well on live although I haven't tried to withdraw money from these guys yet.
jimy
June 15, 20096 months Total
1 week with this Broker
not a good broker, too many requotes, not good for scalping.
they lie with the exchange rates eur-usd, when you request an withdrawal.
stay away from this broker
dico
May 21, 20092 years live Total
6 month live with this Broker
good broker..fast withdrawal
semion, israel
February 4, 20093 years Total
2 years with this Broker
I trade with Metal-Forex during 2 years. They accept e-currencies for account funding, have Metatrader program and have a 2 pips spread on EURUSD.
They had very good customer service. They also have CFD trading option but I have never tried it.
Robert, USA, CA
January 27, 20093,5 years Total
around 1,5 years, about 1 year live with this Broker
Very professional broker. They're comission-free with low spreads (2 pips on EURUSD), reduce spreads by one pip on some pairs every Wednesday at a specific time.They're compatible with islamic rules, which makes them appropriate for everyone, muslim or not.
Orders are filled immediately.
I have not called them, but my e-mails have always been answered promptly and professionally.
I highly recommend them for any trader to give this broker a try.
Hagai
January 27, 20091 year Total
5 month with this Broker
I trade with Forex-Metal broker, they're good. Excellent execution and customer support. 2 pips on EUR/USD, no swap acconts.
They also have CFD trading .