Independent rating of Forex broker Forex-Az

About company

Forex-Az provides access to the currency and stock markets to clients from the CIS countries. The company acts as an intermediary that helps traders to enter various global stock exchanges. Bear in mind that in the event of disputes or financial losses, the intermediary is not obliged to compensate losses.

Trading conditions

• currency pairs, indexes, precious metals, bonds, stocks, and commodities
• opportunity to trade not only for an increase but also for a decrease in the exchange rate
• access to technical indicators that automatically provide necessary data for analysis
• trading signals
• МТ4 and МТ5
• demo account for newcomers
• bonuses
• personal manager for each trader
• affiliate programs and contests for traders
• commission
• daily access to technical analysis, news, economic calendar, and glossary
• free webinars and paid training courses for beginners

Trading platform

Forex-Az gives its clients access to the InvestAZ MT4 and InvestAZ MT5 trading platforms. The InvestAZ MT4 trading platform enables investors to enter the stock market and make a real profit from trading multiple financial instruments. With the help of analytical tools, traders get a professional analysis of price changes and effective management of their trading account. Besides, the InvestAZ MT4 software helps investors track statistics and account information from a single control panel, top up their deposit in one click, and protect the privacy of their personal data with a complex password strategy. The InvestAZ MT5 trading platform is a gateway to professional trading, comprehensive technical analysis, and intuitive account management. Currently, the InvestAZ MT5 trading platform is compatible only with the demo accounts. However, in the near future, the broker promises to make it available for live accounts as well.

Support service

The broker’s customers can contact the support team by filling out the feedback form, email, and the phone number listed on the official website.

Traders’ reviews

Many traders call Forex-Az a fraudster, scammer, and forex kitchen. Former and current clients of the company complain about fake quotes implemented by the broker to cheat traders out of their money. Speculators also claim that Forex-Az makes anything in its strength to bait new clients to invest large amounts of money. In case of disputes, it informs them that it does not bear any responsibility for their financial losses. The company uses the most common scheme of deception. At first, the broker allows inexperienced traders to earn to whet their appetite. Then, the broker quickly withdraws their funds after lulling their vigilance. Furthermore, when clients who are confident in the reliability of the broker deposit a larger amount, the intermediary company opens for them unprofitable trading positions. Thereby it prevents investors from earning and withdrawing the deposit in every possible way. As a result, all the money from the account always remains in the pocket of the fraudulent broker.

Advantages:

• demo account for novice traders
• access to technical indicators
• trading signals
• time-tested МТ4
• bonuses and affiliate programs
• personal manager
• free webinars for beginners

Disadvantages:

• very little information about trading instruments and trading conditions on the broker's official website
• problems with withdrawals
• many negative reviews
• commission
• intrusiveness and frequent calls from support service