New traders can benefit via the “mini account” feature which allows you to trade at micro levels. Experienced traders can enjoy 1:300 leverage and tight spreads.

Forex Place Forex Trading Platform Review

Forex Place

Forex Place (4XP) is one of the leading European based FX Brokers. New traders can benefit via the “mini account” feature which allows you to trade at micro levels. Experienced traders can enjoy 1:300 leverage and tight spreads.

Forex Place platform

FX Place uses the Metatrader 4 (MT4) trading platform which is the most popular trading platform on the market.

The software has just about everything you need including real time prices, 100s of technical analysis indicators as well as an API feature that will enable you to write automatic trading systems.

Forex Place Spread

Forex Place is pretty good on the majors offering 3 to 5 pips. Most of the other bigger cross currencies are under 10 PIPS. Of course if you make a big deposit you can negotiate afterwards to have this spread reduced.

Forex Place Leverage

Forex Place offer good leverage at 300/1 for all currency pairs. For metals and commodities you can get 1:100 or 1:50 depending on what you are trading. The most popular ones, such as Gold etc, are all 1:100. Indices and are also 1:100 and U.S, UK, Spain and France Shares are all 1:4.

Forex Place Rollover

As far as we are aware, there is no rollover option for Forex Place.

Other features

Forex Place provides has one of the widest selection of trading products among FX Brokers, you can trade FX, shares, indices, metals, commodities and much more. With the Classic account you enjoy instant execution and a choice of over 170 tradable currencies, commodities, indexes and stocks.