December 23, 2020
Index Review Forex Broker Review
Index Review is a world-renowned financial services provider, authorized and regulated by the International Financial Services Commission, offering a range of investment products, including online trading and FX. Via a high-tech trading platform, clients across the globe have the opportunity to trade over 1,000 world-class assets.
Striving to continuously improve features and services, the primary goal of Index Review is to unleash your trading potential through cutting-edge technological innovation and financial proficiency. Relying on values such as innovation, transparency, and growth, it had managed to become an international online trading brand, offering interesting trading services.
Traders who had already chosen to work with Index Review had been attracted by a next-generation trading platform, competitive spreads, ultra-fast execution, analysis tools, and a 100% safe and secure trading environment.
Index Review Account Types
Aware that traders will have different needs and financial conditions, IndexReview is offering a choice of 6 different account types, each with promising features and benefits. A basic account will require a $250 initial deposit and in exchange, traders can receive a 10% welcome bonus, access to an education center, daily market reviews, PRO webinars, or price alerts, among other benefits.
The offer does not spot here and includes Bronze, Silver, Gold, Platinum, and VIP accounts. The pack of features increases exponentially with each one. The welcome bonus reaches 100% for VIP account holders, while at the same time, premium features like VIP account manager, trading signals, personalized trading strategy, 1-on-1 trading trainer, and monthly exclusive position access will represent other benefits traders can take advantage of.
Commissions and Fees
Since the services provided are related to online trading, Index Review does not rely on a commission-based trading structure. The trading costs associated are spreads (different between the bid and ask) and overnight swaps.
When it comes to fees, it would be important to consider that although deposits are processed free of charge, the broker has withdrawal fees in place. For a credit/debit card withdrawal operation the minimum fee is $20 or 0.3%, Bitcoin ? 1% or $20 minimum fee, and for wire transfer ? 0.3% or 50$ minimum fee.
Another fee customers need to take into account is the inactivity fee. This will apply only if there hasn’t been any trade executed on a trading account for 90 consecutive days. If that will be the case, the account will be subject to a dormant account administrative fee of 50 USD/GBP/EUR.
IndexReview is currently covering 1,000+ different assets from some of the leading markets. Its customers can trade currency pairs, popular stocks, global indices, commodities, and a selection of trusted cryptocurrencies.
The maximum leverage for FX trading and commodities is 1:200, 1:40 for stocks, 1:100 for indices, and 1:20 for cryptocurrencies. Keep in mind that these figures might vary depending on the asset. All instruments can be traded with 0 commission and traders will only need to pay an overnight swap when holding positions open overnight.
With so many different assets, Index Review reaffirms its global ambitions, as it aims to satisfy both traders who want diversification of assets and those who want to focus on a single leading market.
IndexReview relies on an advanced trading platform that opens up markets with leading trading tools and instruments, online webinars, real-time data, and more than 1,000 assets. Thanks to customized charts and live data feed, desktop, mobile & tablet compatibility, and multiple professional trading tools, the platform is the right software to get involved in volatile markets.
Instead of relying on an existing solution, the broker decided to build a proprietary version, one that can provide a personalized structure, tailored towards different trading strategies. This is a web-based trading solution and as a result, it does not require any installation and there are no limitations in terms of devices it could be used.
Deposits and Withdrawals
To ensure a high level of financial security, Index Review relies on some of the most popular and reliable payment methods. Its customers can fund their trading accounts using credit/debit cards, Bitcoin transfer, BPay, or bank wire transfer. The minimum deposit required for a Basic account is 215 EUR, 250 USD, or 190 GBP, depending on the account currency. There are no maximum limits for wire transfers or e-wallets deposits, but for credit/debit card operations, the maximum is 5,000 EUR/USD/GBP per transaction.
Withdrawals are subject to review and all traders will need to get done with the account verification process, before requesting a withdrawal. They can do that by submitting the identification documents required according to the KYC Policy put in place by IndexReview.
Pros and Cons
- Regulated international trading brand
- Professional customer support service
- Coverage for 1,000+ global assets.
- The platform is available only in English
- Premium webinars available only for large accounts
- No Android or iOS app is available.
Research Tools Offered to Traders
Helping traders to gain an in-depth perspective on the market is part of the IndexReview’s mission. As a result, the broker is offering access to multiple research tools such as daily market reviews, PRO webinars, daily analysis videos, and others.
The IndexReview trader tools section includes an asset index, economic calendar, crypto economic calendar, market summary, market research videos, financial news, and trading signals. With all these resources the broker aims to help customers make better trading decisions and treat the market professionally all the time.
Should I Trade with Index Review?
Index Review is a suited broker for international traders wanting to gain access to a substantial pack of trading benefits. The brand manages to successfully find the right balance between asset coverage, trading software, educational resources, and customer support, the main reason why many traders had already signed up for an account.
This is a brokerage house regulated by the International Financial Services Commission since its inception and because of that, has a solid reputation in the industry. There are no reasons to believe this company might not provide reliable trading services for its entire customer base.