Forest Park FX Review 2020

Forest Park FX General Fees

• Forest Park FX withdrawal fees varies on payment method
• Forest Park FX does charge inactivity fees
• Forest Park FX does charge deposit fees

Broker	forestparkfx	eToro	XTB	Pepperstone
Min Deposit	10	200	0	200
Withdrawl Fees	2.5%	Yes	varies	No
Inactivity Fees		Yes	No	Yes
Deposit Fees		No	No	No
CFD Commission Fees		No	Yes	Yes

Forest Park FX Commissions

• Forest Park FX does charge commission on CFD instruments.

Trading on Forest Park FX web platforms and other applications

Forest Park FX offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

Forest Park FX also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

Forest Park FX Trading benefits :

• Allows hedging
• Offers STP
• Low min deposit

Forest Park FX Trading Accounts Offered :

• Demo account
• Standard account
• ECN account
• STP account

Can I try Forest Park FX before I buy?

Forest Park FX offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Forest Park FX withdrawl and funding methods.

Forest Park FX offer the below funding payment methods. learn more about Forest Park FX

• Credit cards
• Neteller

Broker	forestparkfx	eToro	XTB	Pepperstone
Bank transfer	No	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	No	Yes	Yes	Yes
Skrill	No	Yes	Yes	Yes
Payoneer	No	Yes	Yes	Yes
Neteller	Yes	Yes	Yes	Yes

How can I start trading with Forest Park FX?

When opening a trading account with Forest Park FX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Forest Park FX trading platforms here.

Performing trades with Forest Park FX

Forest Park FX allow you to execute a minimum of trade of $ 1. This may vary depending on the account you open. Forest Park FX allow you to execute a maxium trade of varies. As Forest Park FX offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Forest Park FX Leverage and Forest Park FX CFDs Explained

let's take a look at some of the basics of using Forest Park FX leverage.

Forest Park FX offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Forest Park FX leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Forest Park FX trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Forest Park FX leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Forest Park FX CFDs are typically used for short to medium term trades. For example Forest Park FX intraday trading.

Education resources at Forest Park FX

To trade effectively with Forest Park FX, it's important to get a have a good understanding of the Forest Park FX trading tools and the markets.

Forest Park FX offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Forest Park FX.

Take time to look around the Forest Park FX platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Forest Park FX

Forest Park FX support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Forest Park FX have a D grade support rating because because sometimes the response was slow or our query wasnt answered. Forest Park FX less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at Forest Park FX

Forest Park FX does not offer LiveChat Support.

Email Support at Forest Park FX

We sent several emails to Forest Park FX and answer times overall were excellent. The fastest response from Forest Park FX was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with Forest Park FX, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from Forest Park FX.

Phone Support at Forest Park FX

We called Forest Park FX and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The Forest Park FX phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Forest Park FX team by calling in varying languages. Forest Park FX made an effort to make sure our queries were answered.

Overall the phone support from Forest Park FX was okay.

See how Forest Park FX Support Compares Against Other Brokers

Broker	forestparkfx	eToro	XTB	Pepperstone
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian	English, German, Spanish, French, and Italian	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More	Visit Forest Park FX	Visit eToro	Visit XTB	Visit Pepperstone
Risk Warning	Your capital is at risk	62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	Your capital is at risk	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with Forest Park FX

As Forest Park FX is regulated by Financial Conduct Authority (FCA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

• A scanned colour copy of your passport, driving license or national ID
• A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Forest Park FX's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Forest Park FX you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://forestparkfx.com/ on 12th August 2018.

Forest Park FX review written by Andrew Blumer and Mark Hansen