FX RENEW ACCEPTS US TRADERS
The forex industry offers individual traders a multitude of ways to access and trade the market, but, occasionally, a firm comes forward that combines a unique product and service set to step beyond its competitors. FX Renew is just such a unique firm. As a proprietary trading firm, FX Renew trades its own money while providing guidance and advice to its clients. As a registered IB, FX Renew white-labels its platform through Forex Club, a registered FCM. In other words, FX Renew is an advisory firm that trades its money in the markets with its clients, while leaving trade execution, customer funds, and back office aspects of the brokerage business to Forex Club.
FX Renew, LLC is a Commodity Trading Advisor and Introducing Broker headquartered in Orlando, Florida. As an NFA member, with ID (0427268), FX Renew is a fully regulated broker subject to the oversight of the CFTC. Unlike traditional brokers, FX Renew is not a market maker and has no dealing desk so it cannot profit directly from client's losses. Eliminating this conflict of interest is critical for FX Renew, as its trading platform includes a live trading room led by FX Renew's President. Clients access the room to hear real-time analysis and watch his charts as he trades the company's account. The company also welcomes customers from the United States.
• Accepts U.S. traders
• $250 minimum deposit
• Regulated by the NFA
• Free live trading sessions with expert
• Customizable and user friendly platform
• FX Renew offers one account classification for simplicity.
• Forex trading is offered by their broker partner, Forex Club.
• Various bonus promotions are offered from time to time.
• The minimum investment amount for a single option is usually $100 USD.
• The maximum investment amount is $100,000 USD.
• The recommended initial deposit is $2000 USD.
• FX Renew is not a forex broker, but offers a forex trading service through a “white-label” arrangement with Forex Club, a U.S.-based broker that is a domestic registered Forex Dealer Merchant.
• The broker partner sets deposit and withdrawal rules.
• Forex Club Financial Company is a Staten Island based forex firm that recently won the “Best Broker for Beginners” award from Forex-Ratings in 2009.
• Forex Club is regulated by the CFTC and has been an NFA member since 2005.
• Deposits can be made through credit or debit cards or through bank wire.
• Withdrawals are made via bank wire or check in a matter of days after necessary regulatory forms are completed.
FX Renew Pro Platform is the flagship platform of FX Renew. It offers no-dealing-desk trading on a customizable, user-friendly platform. In addition to a professional trading room built in, key features include tight fractional-pip spreads, 1-click trading, autochartist software, and real-time streaming news. These characteristics make the platform a great choice for both advanced and inexperienced traders. FXRenew Pro also enables automated trading through a secure and stable connection with multiple order types. The web-based version of the trading platform, the FX Renew Pro Web offers similar capabilities, but is JAVA-based and enables trading without downloads. The popular MetaTrader 4 platform is also available. FX Renew clients are also able to trade their accounts through their iPhone, iPad, Blackberry and other mobile devices. Traders can open and close trades, view charts and read news - all on the go.
Clients are also permitted entry directly into the trading room during live sessions on every Tuesday and Thursday, another unique teaching tool. Abundant training and educational materials are provided, along with charting tools and market commentary. Every attempt is made to educate and inform the customer. All of their trading signals, trading room, weekly training videos, email support and other resources are bundled into one inexpensive package. There are no start-up costs, no VIP groups to upgrade to, no system to buy and no gimmicks.
Customer support is a top priority at FX Renew. By allowing Forex Club to manage back office responsibilities, customer funds and trade execution, FX Renew devotes its time to developing a personal relationship with its clientele; helping clients analyze the market and find trading opportunities. The trading room and signal service are a big hit with many, but may be overwhelming at first to some brand new traders. FX Renew's clients also have 24-hour access to Forex Club support.
FX Renew is also unique in that it the only signal service provider that is also regulated by the National Futures Association, bringing a level of confidence that is rare in the signal provider business. “Personally Identifiable Information” is only accessible to a limited number of qualified employees who are given a password in order to gain access to the information. Audits of their security systems and processes are conducted on a regular basis. Sensitive information, such as credit card numbers or social security numbers, is protected by encryption protocols, in place to protect information sent over the Internet. FX Renew takes every commercially reasonable measure to maintain a secure site, secure electronic communications, and secure databases.
Perhaps the best reason to open an account with FX Renew is a break from the status quo. The company's unique position in the market and approach with their clients is something not seen regularly. FX Renew has found a way to provide traders of all account sizes access to professional training and guidance at no extra charge. The personal approach they take in knowing clients also stands out in the Forex industry. We were impressed that the President of the company spends countless hours in the trading room each week, allowing clients to "look over his shoulder" as he trades the company account. This approach may be more geared toward the experienced trader over novices, yet new traders are not left out.