Statistics of CompassFX votes

CompassFX reviews

CompassFX_logo CompassFX 6/10 (votes 2374)

On-line since: 1990
Country of origin: USA
Regulation: NFA
Payment options: -
Minimum account size: $250
Minimum lot size: 0.01 lot
Leverage: 1:200
Spreads: fixed, floating

Compass FX is a trading educational company headquartered in Richardson, Texas. Since its foundation in 1990, Compass FX has been providing unparalleled customer service, offering all possible navigation methods in the world of commodities and Forex. The company is proud of its analytical research and other achievements in the area of finance. The primary mission of Compass FX is to help clients become successful traders and investors. At the same time, Compass FX is not a direct-access broker. The company offers to conduct trading with the following brokerage firms: Forex.com, FXCM, DirectFX, FXDD Global, and Tier1FX.

Trading conditions

Compass FX clients can trade almost 20 currency pairs. The minimum deposit is $250. It is possible to start trading on a demo account. As for live accounts, a standard account and a micro account are available. Compass FX provides reliable and fast execution of orders. The highest level of leverage is 1:200. This is enough to trade in an aggressive trading style.

The website of CompassFX features a Forex trading training section. There are no deposit bonuses and contests.

Trading platforms

Compass FX clients can conduct trading through the MetaTrader4 platform. The company provides its customers with access to several custom indicators developed to work with MetaTrader4.

Support service

Compass FX`s customer service team offers qualified assistance by phone, fax, or email.

Deposit and withdrawal of funds

The company`s website does not contain any information about the ways to deposit and withdraw funds.

Feedback from traders

There are positive, neutral, as well as negative reviews about the company on the web. Traders leave negative comments on the work of the support service and disruption to the Client Area. Besides, speculators complain about high spreads. Some traders cannot make Compass FX stand out from other companies. Nevertheless, traders comment positively on the choice of trading instruments and a fairly informative training course.

Advantages and disadvantages

Advantages:

  • licensed broker
  • user-friendly trading platforms
  • training course available

Disadvantages:

  • no information about deposit and withdrawal methods
  • high spreads
  • uninformative website

Conclusion

Compass FX is a US firm which acts as a mediator between traders and brokers. It offers to trade with such brokers as Forex.com, FXCM, DirectFX, FXDD Global, and Tier1FX. At the same time, the company sets its own trading conditions. Feedback from traders is mixed: some clients have a fairly positive view of their cooperation with Compass FX. However, a number of negative comments on some problems in the company`s work do not allow us to say that Compass FX`s reputation is impeccable. If you want to find out more about the company, refer to English-language sites with more detailed reviews on the Internet.

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