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Overview

FXcast is a trading brand of the Surplus Finance S.A. Company, which forms a part of the European holding company Einhorn Holdings Ltd. FXcast has been providing brokerage services to traders from all over the world since 2001. The broker's website is available in French, German, English, Spanish, Portuguese, Chinese, Russian and some other Asian languages, enabling traders to take advantage of FXcast.

Broker provides its clients with a variety of Forex bonuses for funding a deposit. It also holds the promotion Hall of Fame on a regular basis, and traders, who have become its members, are awarded with impressive cash bonuses, which are accrued to the trading accounts.

Novice traders can pass free training with the help of video tutorials posted on the site of the broker and download the Forex guide, if necessary.

Bonuses

FXcast regularly provides its traders with 25% deposit bonus for each replenishment of the account. Deposit bonuses can only be obtained by clients who passed verification, i.e. proved their identity by relevant documents. Forex bonuses are accrued to the customer's trading accounts after each replenishment of the deposit. They become immediately available for trading on the international currency market. Bonus funds are removed from the account of the trader, if he or she decides to withdraw funds from the account.Bonuses are cancelled if customers do not withdraw them from the account within three months from their receipt. It is necessary to make a trading volume at a rate of 0.1 lots for each dollar, received on promotion. Forex bonuses are only available for one trading account. In the case of trying to get them on several accounts, they will be cancelled.

Accrues of bonuses occurs depending on the credited sum:

- from $100 to $999 - Forex bonus is $25

- from $1,000 to $9,999 - Forex bonus is $250

- from $10,000 to $99,999 - Forex bonus is $2,500

- from $100,000 to $1,000,000 - Forex bonus is $25,000.

FXcast also holds for its traders a monthly promotion called Hall of Fame. The promotion is open to all customers of the company, who have on their trading accounts not less than 250 dollars. Traders, who showed the greatest profit in percentage, are awarded with impressive Forex bonuses according to the conditions of the promotion Hall of Fame.Traders who use scalping strategies can not participate in the promotion. All other tools are allowed, including popular Forex strategies or numerous Forex expert advisors. At the end of the month the results are summarized, and the best traders of the month, who will count on fairly huge prizes, are announced.

Awards of the promotion Hall of Fame:

- the1st place - Forex bonus is $25,000

-the 2nd place - Forex bonus is $1,500

- the 3rd place - Forex bonus is $500.

Forex bonuses are not withdrawable and they are available for trading on the foreign exchange market in order to increase a trade turnover of traders, because everybody can win them even with the minimum deposit of $250.

Training

Video tutorials are present on the site of the Forex broker FXcast that help to learn the basics of trading on the foreign exchange market and understand how to use the trading platform depositing and withdrawing funds. Educational video materials are available only in English.

Video tutorials:

- how to open a demo account

- ho to open a trading account

- how to download and install the trading platform FXcast Pro 4

- how to make a wire transfer

- how to deposit funds into a trading account with the help of credit cards

- how to pass verification

- FXcast Pro Tour (training of working with the trading terminal)

- how to conduct trading transactions

- how to open and close trading orders

- order placing: Buy Limit, Sell Limit, Buy Stop, Sell Stop

- stop loss and take profit orders

- hedging of positions (how to use trailing stops).

Traders have the ability to download a tutorial about the foreign exchange market in English, which includes the following sections:

- history of the Forex market

- main advantages of the market

- trading rules on the currency market

- trading orders, used while trading on the foreign exchange market

- basics of fundamental analysis

- basics of technical analysis

- Fibonacci

- Elliott Waves

- risk management

- correct money management.

Broker also allows clients to open free demo accounts, where trading is conducted with virtual money, but in real time and using real foreign exchange rates. Demo accounts allow new traders to start trading currency pairs without risking their own money. Demo accounts can be used to test new trading strategies and Forex expert advisors that have gained an immense popularity recently.

Terms of trading

FXcast offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $10

- the leverage is 1:500

- a lot of currency pairs, gold, silver, futures

- spread is fixed from 2 points (the floating one is from 0.4 points)

FXcast PRO 4 (analogue of MetaTrader 4)

- multi-language support

- order execution - Instant Execution

- huge database of embedded Forex indicators

- addition of new technical indicators

- MetaQuotes Language 4 (operations with new Forex trading)

- quotes export via DDE

- chart printing.

Trading accounts of the broker FXcast:

- BASIC account

- STANDARD ECN

- PRO ECN

- SWAP FREE account.

Trading account BASIC account:

- deposit is from $10 to $999

- spread is fixed from 1.9 points (no major currency pairs)

- the leverage is up to 1:500

- no commission fee

- negative balance protection.

Trading account STANDARD ECN:

- deposit is from $1,000 to $9,999

- spread is floating from 0 points (no major currency pairs)

- the leverage is up to 1:500

- commission fee is $85 for the trade turnover of $1,000,000)

- no requotes

- negative balance protection.

Trading account PRO ECN:

- deposit is from $10,000

- spread is floating from 0 points (no major currency pairs)

- the leverage is up to 1:500

- commission fee is $60 for the trade turnover of $1,000,000)

- no requotes

- negative balance protection.

Trading account SWAP FREE account:

- deposit is from $10 to $999

- spread is fixed from 1.9 points (no major currency pairs)

- the leverage is up to 1:500

- commission fee is $60 for the trade turnover of $1,000,000)

- no swaps

- negative balance protection.

Forex indicators (recommended)

- Trend Magic

- DailyPivot Ind2

- Awesome Oscillator

- Bears Power

- PivotWeekly.

Forex expert advisors (recommended)

- Adjustable MA 3G (an automated Forex expert advisor that uses several moving averages for analysis of the foreign exchange market, allowing it to get a good profit while trading on the Forex market)

- Ichimoku Chinkou Cross (an automated Forex expert advisor, developed on the basis of a technical indicator Ichimoku, allowing to make an in-depth analysis of the currency market and conduct profitable transactions on different pairs)

- Otkat (an automated Forex expert advisor that determines effectively the exchange rate bands and make a profit opening and closing transactions at the boundaries of the these exchange rate bands).

Investments

Broker FXcast does not provide clients with investment of money in professional traders, who usually work through PAMM-accounts. Clients can independently make agreements with successful traders concerning investment, but the broker does not bear any responsibility in this case.

FXcast provides its customers the opportunity to use the service Forex.fo, which allows them to receive a huge amount of trading strategies from professional traders and use them through the trading terminal, connecting to Autotrading, i.e. set FXcast PRO4 up to trade automatically in order to make a profit from the currency market. Subscription fee is not charged for the use of automated trading service.

Unique features

FXcast gives its traders the opportunity to earn extra income from the international currency market, attracting new customers to an affiliate program.

The affiliate program has several directions:

- Internet Representatives

- Local Partnership

- Regional Representatives

- White Label.

Internet representatives attract new customers through the Internet, using blogs, social networks, forums and their own websites, and the broker pays them a commission of 1 point from the spread with which its referrals trade.

Local partners can attract customers both through the Internet and from their own circle of contacts, receiving bonuses from referrals in addition to commission fee of 1 point.

As well as previous partners, regional representatives have commission fees of 1 point from their referrals, and in addition they receive compensation from the broker for advertisement in their own region and for some other expenses, which are stipulated while concluding a contract about the partnership.

White Label is a partnership direction, designed for financial companies, which want to start their own business in the field of brokerage services under their own brands. Terms of cooperation in this direction are individual, and they depend on the chosen strategy and startup opportunities of the future partner.

Add/withdraw funds

FXcast provides its traders with the following methods to deposit and withdraw money from the accounts: Perfect Money, c-gold, OKPAY, WebMoney, Moneybookers, NETELLER, Visa, Master Card and bank transfer.

Contacts

FXcast provides support to customers concerning all questions via e-mail [email protected] and via the feedback form that is available on the website of the broker in the section "Contacts".

Cons and pros

+ the fast growing broker

+ the minimum deposit is $10

+ small spread

+ good leverage

+ regular Forex bonuses

+ contest with huge cash prize

- educational materials in English.

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