1 Billion Forex review

As a partner of NordFX, this broker is a trustworthy, regulated financial institution which has an investment licence that has been issued by the Mauritius Financial Services Commission. Based in Belize, 1 Billion Forex has thousands of clients and is forming a reputation for helping its investors to obtain the best possible trading conditions. Their specialist team of professionals within the Forex industry have built up strong relationships with over 20 top level banks and therefore this provider aims to offer the best service and spreads possible. Opening a 1 Billion Forex trading account is a straightforward, simple process and approvals are generally made within one working day. 1 Billion Forex offer innovative and advanced services as well as excellent customer service and impressively low spreads from as little as 0 pips.

 

1 Billion Forex Trading Accounts

This provider has gone above and beyond when it comes to providing a suitable trading account for every type of investor. Each of their many account types offers the ability to use normal scalping, manual trading and EA robots.


Integral 0 Spread Account

Ideal for professional investors with plenty of experience in the financial markets, this account allows traders to work within ECN Integral via FIX-protocol or the NFX Trades platform. This account has narrow spreads and only charges a small transaction fee. Features include:

• $20,000 minimum deposit
• Floating spreads from 0 pip
• Minimum lots of 0.1
• Leverage offered up to 1:100
• Maximum lots with no restrictions with 0.1 step
• Level of margin call/sellout 100%/80%

Account 1:1000

• Minimum deposit amount of just $5
• 20 Forex currency pairs
• Fixed spreads starting at 3 pips
• Leverage up to 1:1000
• Minimum lots of 0.01
• Maximum lots of 20
• Maximum amount of open positions is 100
• Automated trading is permitted
• Levels of margin call/stop out 40%/20%

Micro Account

Ideal for beginners who are learning to trade unsupported, this account is ideal for anyone who is making the transition from a demonstration account to a standard one. This account type allows for most of the most popular currency pairs to be traded with high leverage and fixed spreads.

• Minimum deposit of $5
• 21 Forex pairs for trading
• Fixed spreads from 2 pips
• Leverage offered up to 1:500
• Minimum lots of 0.01
• Maximum lots of 10
• Maximum amount of open positions is 100
• Automatic trading permitted
• Level of margin call/stop out 40%/20%

Standard Account

More experienced traders will appreciate the comprehensive range of instruments offered with this account as well as the tight spreads, fast execution and quality quotes.

• Minimum deposit of $50
• 37 Forex pairs
• Gold and silver trading
• Dynamic spread starting at 1 pip
• Leverage offered up to 1:200
• Minimum lots of 0.1
• Maximum lots of 50
• No limit on the number of open positions held
• Automatic trading permitted

Premium Account

Those who are offered a Premium account can enjoy a complimentary debit card allowing for convenient withdrawal of funds as well as personalised service and decreased spreads on currency pairs. A minimum deposit of $50,000 is required.

Standard-MT5

This account is suited to more experienced traders who want to take advantage of the comprehensive range of instruments possible through MetaTrader 5.

• Minimum deposit of $50
• 37 Forex pairs
• Dynamic spreads from 1 pip
• Leverage offered up to 1:200
• Minimum lot of 0.1
• Maximum lot of 50
• Unlimited open positions
• Automatic trading permitted

MT-ECN Account

Designed to meet the needs of experienced investors who want to trade with minimum possible expense, the MT-ECN account is served via the MetaTrader 4 platform and uses the Currenex ECN quotes flow. Commission is charged on every deal.

• Minimum deposit of $1000
• 27 Forex pairs
• Trading in gold and silver
• Dynamic spreads from 0 pips
• Leverage offered up to 1:100
• Minimum lots of 0.1
• Maximum lots of 20
• 5^th point precision
• No stop/limit or freeze levels

ZuluTrade

This account type allows clients to trade Forex using the knowledge of market specialists. Account holders enjoy complete control of their account including both manual and automatic trades and the ability to view and analyse market experts’ trading strategies makes this account unique.

• Minimum deposit of $50
• 37 Forex pairs
• Gold and silver trading
• Spreads starting at 1 pip
• Leverage up to 1:200
• Minimum lots of 0.01
• Maximum lots of 50
• No limits on maximum position volume

Trading Platforms Offered by 1 Billion Forex

1 Billion Forex offers both MetaTrader 4 and MetaTrader 5, two of the most popular of today’s trading platforms. Packed with impressive features and technical indicators, these platforms are simple to use and work with scalping and EA robots. Features of these platforms include:

• User friendly and accessible
• Multi-lingual platform
• Real-time account summaries
• Chart analytical tools
• Analysis and multiple charts display
• Daily account statements
• Compatibility with Expert Advisor
• Instant and future trade placement

These platforms can easily be downloaded from the 1 Billion Forex website for those who prefer to trade from their PC. Those who enjoy mobile trading can download the software direct to their tablet or smartphone. This mobile software gives clients complete access to the latest market trends, analytical tools and the ability to execute trades from any location and at any time.

Banking Methods for Withdrawals and Deposits and Customer Service

1 Billion Forex offers a comprehensive range of deposit methods and a choice of either Euros or US Dollars for opening a live account. Minimum deposit amounts is $100 and all transactions are carried out securely using SSL encryption technology. Deposit methods include:

• Bank Wire transfer
• Visa
• MasterCard
• Skrill
• Neteller
• WebMoney
• CashU

The minimum amount for withdrawals is $10 and the process for actioning a withdrawal is very simple, being executed through the quick completion of an online form. Available withdrawal methods include:

• Bank wire transfer
• Skrill
• WebMoney
• Neteller

This broker recognises the importance of good customer service, providing 24/7 customer support even when the financial markets are closed. Support is provided via email, Skype or through the completion of an online web form.