BaronForex.com Reviews and Ratings
2.67
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According to BaronForex.com Website:
BFX Capital Inc (BFX or BaronForex.com) is registered with The International Financial Services Commission and is licensed and regulated for trading in foreign exchange. BaronForex.com is headquartered in Belize with offices in New York, Toronto, Cyprus with Spain and Hong Kong offices in the pipeline.
You can install the BFX Trader – Meta trader software onto your computer and start practicing trading live streaming prices with their free demo account and all without putting actual money at risk. You can shift to a real account once you gain confidence and have learnt to figure out how market works.
BaronForex.com Online Forex Trading Platform, Meta Trader Broker 4 allows clients the option of trading both Mini (10K) and Standard (100K) lots. Their dealing desk remains open from Sunday 5:00 PM EST time (22:00 GMT) until Friday 4:30 PM EST time (22:00 GMT).
BaronForex.com accepts fund via credit cards, Checks and Web Checks for clients who are within the United States. For clients residing outside the United States, checks are not accepted, however, wire transfers and Credit Card funding are accepted. BFX does not charge any commission on Forex trading.
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I traded w/ BaronFX for only about 3 months. The trade parameters on their platform when trading using ‘resting’ or ‘pending’ orders was most definitely NOT to an experienced trader’s advantage. iow: They were set up primarily to insure the max profits of the broker, rather than to give the trader…”a level playing field”…if that even exists with 99% of the forex brokers that are out there. The other issue of my problem with Baron was,…when it was time to close my acct….(you my know the rest of the story)…! After repeated requests, multiple online ‘chats’, delays, jive and vague answers, I did receive my funds. However I was mysteriously charged almost $90 usd. for what, I will never know, and gave up the question. Why is that ALL brokers will readily and rapidly accept your money, activate your acct…..but when you want it returned to you…..OOOPs…..”Houston, we have a problem”…and so it goes. I would NOT recommend this brokerage firm to even someone that I did not like….
John F. on May 1st, 2011 - 12:50 pm :