Overview of Real Forex Signal
Real Forex Signal, founded in the United States in 2021, is a trading platform that offers a broad array of assets in both forex and cryptocurrency markets. Despite its diverse offerings, it's important to note that Real Forex Signal operates without regulated licenses, which can be a concern for regulatory compliance and transparency.
On the positive side, Real Forex Signal provides traders with a wide range of assets, multiple account types to suit various experience levels, and a user-friendly platform accessible on various devices. Additionally, it offers educational resources and multiple customer support channels.
However, potential drawbacks include the lack of leverage and potentially higher costs in terms of spreads and commissions compared to other brokers. Traders should weigh these factors carefully when considering Real Forex Signal for their trading needs .
Is Real Forex Signal legit or a scam？
Real Forex Signal does not possess any regulated licenses, which raises concerns about its regulatory compliance and transparency. The absence of regulatory oversight means that the broker operates without external monitoring or supervision from financial authorities. Consequently, traders may not have the safeguards and investor protections typically provided by regulated brokers. Disputes or issues with the broker might be challenging to resolve, as there is no regulatory body to turn to for assistance or complaint resolution.
Pros and Cons
Pros of Real Forex Signal:
Wide Range of Assets: Real Forex Signal offers an extensive selection of assets in both the forex and cryptocurrency domains, providing diverse trading opportunities.
Multiple Account Types: Traders can choose from a range of account types, catering to various experience levels and trading preferences.
User-Friendly Platform: The proprietary trading platform is designed for ease of use and is available on multiple devices.
Educational Resources: The platform offers educational resources, including market insights and trading tools, to assist traders in making informed decisions.
Customer Support: Real Forex Signal provides customer support through multiple channels, including email and a physical address in New York.
Cons of Real Forex Signal:
Lack of Regulatory Licenses: Real Forex Signal operates without regulated licenses, raising concerns about regulatory compliance and investor protection.
Limited Leverage: The platform does not offer leverage, restricting traders to the amount of funds they have deposited.
Spreads and Commissions: While the spread and commission options vary across account types, some traders may find the costs relatively higher compared to other brokers.
Market Instruments
Real Forex Signal caters to the needs of traders by offering an extensive selection of assets in both the forex and cryptocurrency domains.
Forex Pairs:Real Forex Signal provides a wide range of forex currency pairs for trading, encompassing major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as exotic pairs such as EUR/TRY and GBP/NZD. Traders can access various global currencies and engage in forex trading with flexibility.
Cryptocurrency:Real Forex Signal also facilitates cryptocurrency trading, allowing users to trade popular digital assets such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). This enables traders to participate in the ever-evolving cryptocurrency markets, in addition to traditional forex trading.
Account Types
Real Forex Signal provides a range of account types tailored to meet various trading needs:
STARTER Account:Ideal for beginners, the STARTER account offers accessibility with a low minimum deposit of $500. It provides 1.5 pips spreads, making it suitable for those new to trading. Additionally, clients can enjoy 24/7 customer support, ensuring assistance is available whenever needed.
BASIC Account:The BASIC account offers improved trading conditions with tighter spreads at 1.0 pip. A minimum deposit of $5,000 is required, making it suitable for traders with some experience. Like the STARTER account, 24/7 customer support is available for assistance.
PRO Account:For more experienced traders, the PRO account offers even lower spreads at 0.5 pips, providing cost-efficient trading. It requires a minimum deposit of $10,000, catering to those looking for enhanced trading conditions. The account also benefits from 24/7 customer support.
EXECUTIVE Account:Designed for advanced traders, the EXECUTIVE account boasts ultra-low spreads at 0.2 pips, ensuring optimal trading conditions. It requires a substantial minimum deposit of $50,000. Like all Real Forex Signal accounts, it comes with 24/7 customer support, providing comprehensive assistance around the clock.
How to Open an Account？
Opening an account with Real Forex Signal is a straightforward process. Here are six concrete steps to guide you through the procedure:
Visit the Real Forex Signal Website: Go to the official Real Forex Signal website by typing the URL into your web browser.
Sign-Up: Locate the “Sign-Up” or “Register” button on the homepage and click on it. You will be directed to the registration page.
Provide Personal Information: Fill out the registration form with accurate personal information. This typically includes your name, email address, phone number, and residence details.
Verify Your Identity: Follow the verification process, which often involves submitting identification documents (such as a passport or driver's license) and proof of address (utility bill or bank statement).
Choose an Account Type: Select the type of trading account you want to open. Real Forex Signal may offer various account options, including demo accounts for practice and live accounts for actual trading.
Deposit Funds: Once your account is verified, fund it by choosing a suitable deposit method (e.g., credit card, bank transfer, or cryptocurrency). Follow the instructions to complete the deposit process.
Leverage
Real Forex Signal does not offer leverage. This means that traders are limited to the amount of money they have deposited in their account.
Spreads & Commissions
Real Forex Signal offers a range of spread and commission options across its account types:
STARTER Account: This account type features a spread of 1.5 pips, making it suitable for traders who prioritize accessibility. It also incurs a commission of $0.2 per trade, which is reasonable for beginners.
BASIC Account: The BASIC account offers a tighter spread of 1.0 pip, providing a more competitive trading environment. The commission is set at $0.1 per trade, making it a balanced choice for traders seeking improved conditions without high costs.
PRO Account: With a spread of just 0.5 pip, the PRO account is designed for more experienced traders who require precision in their trading strategies. The commission is only $0.05 per trade, offering cost-effective trading with enhanced conditions.
EXECUTIVE Account: The EXECUTIVE account provides the lowest spread of 0.2 pip, ensuring the most favorable trading conditions. With a commission of just $0.02 per trade, it's the preferred choice for advanced traders looking for optimal trading efficiency.
Trading Platform
Real Forex Signal offers its proprietary trading platform, available on web, Windows, and Mac. The platform is designed with user-friendliness in mind, aiming to cater to a broad range of traders. It provides a straightforward interface for trade execution, account management, and market information access.
One notable feature is its support for Demo accounts, which can be beneficial for both novice and experienced traders looking to practice their strategies without risking real capital.
Regarding chart-related functionalities, the information provided is limited, and the extent of advanced charting tools and technical analysis capabilities is not specified. Traders may need to explore the platform to determine its suitability for their specific charting needs.
Deposit & Withdrawal
Real Forex Signal Aspect provides a range of convenient payment methods to cater to your needs. You can choose from credit/debit cards, including Visa, Mastercard, and American Express, as well as digital payment platforms like PayPal, Skrill, and Neteller. Additionally, the platform accepts bank wire transfers for your convenience.
When it comes to subscribing to Real Forex Signal Aspect, the minimum deposit requirements are as follows:
STARTER: $500
BASIC: $5,000
PRO: $10,000
EXECUTIVE: $50,000
To ensure you have a clear understanding, it's important to note that payment processing times may vary depending on your chosen payment method. Credit/debit card payments, as well as transactions made through PayPal, Skrill, and Neteller, are usually processed instantly. However, if you opt for a bank wire transfer, please be aware that it may take up to 3 business days to complete the processing.
Customer Support
Real Forex Signal offers customer support through multiple contact channels.
You can reach them at their physical address, 14th Broadway Avenue, New York, USA. Additionally, they provide email support for different purposes.
For general inquiries and information, you can contact them at info@realforexsignal.com, while for support-related issues, you can reach out to support@realforexsignal.com.
This multi-channel approach allows traders to get in touch with Real Forex Signal conveniently, whether they have questions, need assistance, or require information about their services.
Educational Resources
Real Forex Signal's educational resources emphasize objectivity and discourage excessive praise. Accessible via your trading account, these tools include:
Market Insights: Stay informed with the latest news, market updates, and financial analysis. Real Forex Signal provides comprehensive data to help you make informed trading decisions.
Trading Tools: Utilize a variety of trading tools that assist in technical analysis, charting, and risk management, empowering you to navigate the markets effectively.
Investment Options: Real Forex Signal offers a diverse selection of investment opportunities. Explore different asset classes and strategies to plan and diversify your investments wisely.
By promoting objectivity and providing these valuable resources, Real Forex Signal equips traders with the knowledge and tools needed for successful trading in the financial markets.
Conclusion
In summary, Real Forex Signal presents a trading platform with both strengths and limitations. On the positive side, it offers a diverse array of assets for traders in both forex and cryptocurrency markets, along with multiple account options catering to different experience levels. The user-friendly platform design and educational resources enhance the trading experience. Furthermore, it provides various payment methods for convenience.
However, notable drawbacks include the absence of regulatory licenses, potentially impacting regulatory compliance and investor protection. Additionally, there's limited leverage and varying spreads and commissions, which may not suit all trading strategies. It's crucial for traders to weigh these pros and cons carefully when considering Real Forex Signal for their trading needs.
FAQs
Q: Is Real Forex Signal regulated？
A: No, Real Forex Signal does not possess any regulated licenses, which means it operates without regulatory oversight.
Q: What is the minimum deposit required to open an account with Real Forex Signal？
A: The minimum deposit varies depending on the account type: STARTER ($500), BASIC ($5,000), PRO ($10,000), and EXECUTIVE ($50,000).
Q: Does Real Forex Signal offer leverage for trading？
A: No, Real Forex Signal does not offer leverage. Traders are limited to the amount of money they have deposited.
Q: What payment methods are accepted by Real Forex Signal？
A: Real Forex Signal accepts credit/debit cards, PayPal, Skrill, Neteller, and bank wire transfers.
Q: How long does it take for payments to be processed at Real Forex Signal？
A: Payments made by credit/debit card, PayPal, Skrill, and Neteller are usually processed immediately. Bank wire transfers may take up to 3 business days.
Q: What types of assets can I trade on Real Forex Signal？
A: Real Forex Signal offers a wide range of assets, including forex currency pairs (major and exotic) and popular cryptocurrencies like Bitcoin and Ethereum.
