|Broker Type:||CFD brokerage|
|Operating since year:||2014|
|Address:||Level 27, 25 Bligh Street Sydney NSW 2000 Australia|
|Phone:||+61 (0) 2 8039 7366|
|Languages:||English, Chinese, Vietnamese|
|Trading Platforms:||Proprietary, MetaTrader 4, MetaTrader 5|
|Web based trading:||Yes|
|Other trading instruments:||forex, metal, energy, commodity, crypto & index CFDs|
|Minimum deposit ($)||$0|
|Maximal leverage (1:?)||1:500|
FXTRADING.com Review 2021
- Trading Accounts
- The Trading Conditions
- Trading Elements
- Safety of Funds, Regulations, and Licenses
- Payment and Withdrawal Options
- Customer Support Information
- FXTRADING.com Review Conclusion
FXTRADING is an Australian broker registered under the name Gleneagle Markets Pty Ltd. It has been operating since 2014 under the name of RubixFx. So far, they have not been part of any news or scams, which is reassuring. Since they’ve been operating for a while, their clean sheet is actually comforting.
In this FXTRADING.com review, we will discuss the pros and cons. The goal is to inform you of the maximum. We want to help you choose the right broker for your trading, so please read this review to the fullest.
In summary, FXTRADING has a broad array of trading services fitting various trader needs. The trading conditions consistently stay ahead of the curve, providing incremental advantages that add up. The broker is also regulated, which means a lot since currently, a lot of brokers forgo any sort of licensing.
Another thing we should mention is that the website runs quite smoothly, although it may look a tad outdated. We can cut the broker a break here, since visuals are the least impactful thing about a brokerage. Also, the broker is quite new user-friendly, with educational materials and multiple intuitive platforms to choose from.
FXTRADING has 2 trading account types available, Standard, and Alpha. Naturally, the standard variation is suitable for all investors, but primarily meant for newer ones. It has full functionality and a low initial deposit requirement. The other is more suitable for traders with some experience, as they provide more specialized features.
- Minimum deposit: $0 (No minimum deposit)
- Minimum trade size: 0.01 lots
- Leverage: 1:100 – 1:500
- Spreads: Variable from 1 Pips
- Commissions: None
- Minimum deposit: $0 (No minimum deposit)
- Minimum trade size: 0.01 lots
- Maximum leverage: 1:500
- Spreads: Raw spreads from 0.0 pips
- Commissions: $2 USD per lot per side
The minimum deposits are low, and the spreads are tight in comparison to the required price points. That means traders get to keep more money in their pockets than they usually would. The rest of the conditions the accounts bring are also excellent, improving the trading experience.
All accounts have access to multiple platforms, which is not something we often see. The list includes MetaTrader 4, MetaTrader 5, as well as some proprietary and less common options. We’ll explain why that’s useful further in our FXTRADING.com broker review.
When trading with FXTRADING, you will be using the MT4 or MT5 platform. MetaTrader 4 and 5 provide all of the needed tools and features, such as advanced charting packages, expert advisors, several technical indicators, extensive backtesting, and more. FXTRADING.com also provides VPS (virtual private server) which allows you to use expert advisors 24 hours a day. Though there will be additional charges with the use of VPS, depending on the trading volume. It could range from $29 to $98 per month.
FXTRADING.com Clients have a chance to take advantage of copy trading with MyFXBook’s AutoTrade. AutoTrade connects to the MT4 platform and operates easily. The goal is to copy trades of the investor of your choice and make your wins and losses accordingly.
As discussed in the account section, there’s no minimum deposit. The tight spreads offered by FXTRADING on Standard account start from 1.0 pips. The Pro and Alpha spreads though, are quite good. The raw spreads minimize the charges, and since the accounts are meant for traders that make larger orders, the fees are negligible. So if you decide you want to be serious about trading, both advanced versions are excellent choices.
The maximum leverage of 1:500 is quite high, but the standard is set to 1:100. You have an option to choose the leverage of your choice, depending on how much you are willing to risk your assets, depending on your trading strategy. The higher the leverage, the higher the risk. Obviously, it applies to the opposite as well. The higher the leverage, the higher the profits. As such, the FXTRADING.com broker brings an opportunity to express your skill with precise predictions.
Trading Elements at FXTRADING.com
At FXTRADING.com, you have an option to trade Forex, CFD indices, commodities, stock CFDs, and crypto CFDs. They provide detailed information regarding all of the financial markets on their website. A lot of brokers leave the info intentionally vague and traders end up disappointed in the selection.
Their forex tab discusses the advantages of trading forex and lists the currencies they offer. FXTRADING tells us they offer 44 currency pairs, which includes major, minor and exotic pairs.
The same applies to CFD indices and their other asset classes. FXTRADING explains what CFDs are and what advantages come with trading CFDs. The broker offers a variety of global indices via it’s two platforms.
The commodity choices are also broad, with options from energies, agriculture, and precious metals. They offer spot gold and spot silver, UK and US crude oil. They are discussed on the website, and the options are much broader than the average online broker.
Overall, we are content with the assets offered at FXTRADING.com. This is mainly since the broker discloses the exact instrument, so traders don’t have to hope to find what they are looking for. All the categories are broad and blow similar brokers out of the water. For example, agricultural commodities are especially challenging to find with online brokerages. Additionally, the broker has exact spreads and other details about their trading materials, so you can go in fully informed.
Safety of Funds, Regulations, and Licenses
FXTRADING.com holds a license from a renowned global entity. FXTRADING is registered under the name Gleneagle Markets Pty Ltd, which is regulated by ASIC. ASIC is Australia’s primary regulator for financial businesses, putting the broker in good hands. As we said earlier in our FXTRADING.com review, regulators have become a rarity so this is a major plus.
Additional Information about FXTRADING.com
The website for FXTRADING.com has some stops which users may find frustrating. However, we should note that it’s a part of the broker’s DDOS protection. And while it may marginally slow down users’ browsing, it ensures an uninterrupted and healthy trading environment. The website is also available in multiple language making access simpler for some traders. That’s definitely another advantage, as FXTRADING isn’t afraid of going the extra mile.
And as you could tell from the previous sections of our FXTRADING.com review, the site is extremely detailed. You can find info on everything, down to details about the individual assets FXTRADING.com offers.
Payment and Withdrawal Options
The payment options offered by FXTRADING.com are broad, with numerous options present. The currencies vary with the method of payment. It’s important to note that for most methods the brokerage covers all transaction fees. That’s quite generous and proves FXTRADING’s commitment to satisfying users. Here are some of the broker’s payment options:
- Credit/Debit cards — USD, EUR, GBP, AUD, THB, VND,MYR, IDR
- PayPal – All Popular Currencies
- Bank wire — USD, EUR, GBP, AUD, CAD, HKD, JPY, NZD, SGD (International),
- USD, AUD, HKD, SGD, VND, MYR, IDR (Local)
- Neteller – USD, EUR, GBP, AUD, CAD
- China UnionPay — CNY
FXTRADING.com offers multiple eWallet payment methods, which are quite popular. The currencies line up with the ones offered on the wallet itself. The other popular methods, in cards, bank wires, and PayPal are also present, rounding off the full package.
In line with ASIC’s regulation, the broker also needs to practice fund segregation. That separates client funds from the brokers and protects users in case the firm goes under. It’s quite a healthy practise since it severely limits the possibility of malicious brokerages gaming the system. Overall, that means we’re quite satisfied with the payment methods, both in terms of speed, variety, and perhaps most importantly, security.
Customer Support Information for FXTRADING.com
Before we wrap up our FXTRADING.com review, we should also mention how you can reach the broker. It has modern customer support set up with a phone, which is toll-free if you’re in Australia, a live chat, and an email address. There are separate phones for sales and customer support, increasing the overall efficiency of the service.
Email: [email protected]
Customer Service Phone (International): +61 (0) 2 8039 7366
FXTRADING.com Review Conclusion – A Fantastic and Experienced Brokerage
Most new brokerages look like carbon copies of one another. However, FXTRADING goes against the grain, clearly trying to maintain a healthy userbase. The simplest way to do that is to be upfront with users and keep them happy, and FXTRADING.com does that exactly. It has an extremely detailed webpage, so everyone that signs up knows what they’re getting into. Meanwhile, each segment of its service is better than average, providing its users with a competitive edge.
If you’re searching for a new brokerage, we highly suggest taking FXTRADING.com into consideration. It’s highly secure, cares about keeping users content, and has potent trading conditions. That mix results in an excellent experience that is both profitable and enjoyable.
We hope our FXTRADING.com review helped inform you and make a decision about the broker. Best of luck in your future trading endeavors!