FXTRADING.com Review 2023 – Get All The Information
General Information |
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Broker Name: | FXTRADING.com |
Broker Type: | CFD brokerage |
Country: | Australia |
Operating since year: | 2014 |
Regulation: | ASIC, VFSC |
Address: | Level 27, 25 Bligh Street Sydney NSW 2000 Australia |
Broker status: | Active |
Customer Service | |
Phone: | +61 (0) 2 8039 7366 |
Email: | [email protected] |
Languages: | English, Chinese, Vietnamese |
Availability: | 24/5 |
Trading | |
Trading Platforms: | Proprietary, MetaTrader 4, MetaTrader 5 |
Demo Account: | Yes |
Mobile trading: | Yes |
Web based trading: | Yes |
Other trading instruments: | forex, metal, energy, commodity, crypto & index CFDs |
Account | |
Minimum deposit ($) | $0 |
Maximal leverage (1:?) | 1:500 |
Spread: | Raw |
Scalping allowed: | Yes |
REVIEW CONTENT
- Introduction
- Trading Accounts
- The Trading Conditions
- Trading Elements
- Deposits and withdrawals
- Safety of Funds, Regulations, and Licenses
- Payment and Withdrawal Options
- Customer Support Information
- FXTRADING.com Review Conclusion
General Information
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.
The website is running smoothly
Another thing we should mention is that the website runs quite smoothly, although it may look a tad outdated.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.
Trading Accounts
FXTRADING has 2 trading account types available, PRO and Standard. Let’s take a look about each of these trading accounts and what to expect:
PRO Account
- FXT’s Pro Account caters to the needs of veteran financial professionals
- Competitive commissions at only $3.5 per round/lot
- Raw spreads starting from 0.0 Pips
- Market-leading swap rates
- Access to deep and reliable pools of liquidity
- Base Currency Options: AUD, USD, EUR, GBP, SGD, NZD, CAD, HKD
- Spread: Raw spread from 0.0 Pips
- Commission: $3.5 USD per lot / per side
- Leverage: Maximum 500:1
- Minimum Deposit (base currency): $50 USD
- Products Offered: Forex, metals, energies, commodities, cryptos & indices
- Minimum Trade Size: 1 Micro Lot (0.01 Lots)
- Swaps: Pro swaps
- Maximum Opening orders per Account: 200 positions
- Maximum Lots per Order: Equity indices – 250 Lots; Other asset classes – 100 Lots
- Hedging: Allowed
- -EA: Allowed
Standard Account
- Zero commission trading
- Market-leading swap rates
- Deep and reliable pools of liquidity
- Lightning speed execution
- Most transparent trading environment
- Base Currency Options: AUD, USD, EUR, GBP, SGD, NZD, CAD, HKD
- Spread: Variable from 1 pip
- Commission: None
- Leverage: Maximum 500:1
- Minimum Deposit (base currency): $50 USD
- Products Offered: Forex, metals, energies, commodities, cryptos & indices
- Minimum Trade Size: 1 Micro Lot (0.01 Lots)
- Swaps: Standard swaps
- Maximum Opening orders per Account: 200 positions
- Maximum Lots per Order: Equity indices – 250 Lots; Other asset classes – 100 Lots
- Hedging Allowed
- EA Allowed
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.
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 Conditions
All accounts have access to multiple platforms, which is not something we often see. The list includes MetaTrader 4, MetaTrader 5, and MAM/PAMM, as well as some proprietary and less common options.
We’ll explain why that’s useful further in our FXTRADING.com broker review.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.
Trading Platforms of the FXTrading.com broker
MT4 Trading Platform
- Highly popular online platform for retail forex trading
- Provides interactive, easy-to-read charts for real-time market monitoring and analysis
- Ability to write custom trading robots
- Developed and released in 2005 by MetaQuote Software Corp.
- Licensed for use by nearly 500 brokers and banks globally
- Easy to use interface
- Offers 30 technical indicators for comprehensive analysis
- Automated trading capability
MT5 Trading Platform
- New and improved platform with access to a wider range of assets
- Provides trading opportunities for shares, cryptocurrencies, forex, metals, commodities, and indices
- Real-time data and comprehensive charting suite with indicators
- Various order types for enhanced trading flexibility
- Expanded asset selection with individual share CFDs and Cryptocurrencies
- Market Depth feature for deeper insights into liquidity and volume information
- Additional timeframe options, including 2-minute, 6-hour, and 12-hour charts
- Advanced Strategy Tester for faster and more accurate backtesting
- Ability to test against multiple markets in the same testing environment
MAM/PAMM Trading Platform
- MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) enable control of multiple sub-accounts from a single master account.
- Sub-accounts’ profit and loss (P&L) fluctuate proportionately to the master account’s trading activity.
- Funds remain within the original sub-accounts.
- Money managers gain access to MT4/MT5 multi-terminal software with advanced order features and trade management tools.
- Wide selection of markets available, including forex, cryptocurrencies, commodities, and indices.
- Pro Accounts offer raw spreads starting from 0.0 pips.
- Regulation by ASIC (Australian Securities and Investments Commission).
- Fast trade execution facilitated by superior trading infrastructure.
- Unrestricted trading environment, welcoming EA’s, scalpers, and HFT’s.
- Access to top-tier liquidity providers and deep liquidity pools.
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 three 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.
Deposits and Withdrawals
- Credit cards: Paypal, VISA, MasterCard
- Electronic payment: Netwer, Union Pay, Local Internet Banking, Poli
- International bank wire transfer: Minimum Deposit: 50 USD or equivalent, 2 to 3 days.
- Local bank transfer: Also, 1 to 2 days.
Safety of Funds, Regulations, and Licenses
If you wish to start trading with this fantastic FXtrading.com broker, but you are stil reconsidering your trading decision, you need to know that it is fully regulated. Namely, Gleneagle Securities (Aust) Pty Limited, trading as FXTRADING.com, is a trusted provider of financial services and products.
The Australian Securities and Investments Commission (ASIC) allows and controls the financial activities in Australia. They have a license (AFSL No. 337985) for this purpose.You can choose how much leverage you want, based on how much you’re willing to risk and your trading strategy.
Additionally, Gleneagle Securities Pty Ltd, trading as FXTRADING.com, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC) with Company No. 40256. This authorization enables the company to operate a financial services business.
With these regulatory approvals, FXTRADING.com ensures a secure and compliant environment for its clients’ financial activities.
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.
Generally speakingl, 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.
You can choose how much leverage you want, based on how much you’re willing to risk and your trading strategy.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.
Conclusion
If you’re searching for a new brokerage, we highly suggest taking FXTRADING.com review and the broker 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!
Overall
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Support
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Platform
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Spread
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Trading Instrument
Good people
Good people. They have helped me by giving me such great opportunities to make money.
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Good services
Services are good as always. I got several withdrawals which were smoothly processed. I get decent profit and I deal with professional people.
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they are good
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Affordable pricing
Deposits and trading lot prices are really affordable. Anyone can trade with them, they are open to accepting non-experience traders like me. They help me earn and learn forex.
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Love the services
I have been using this broker service for almost 3 months and I am loving the services.
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Good profit
I gain good profit. I am satisfied with the services and tools.
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Good services
The trading platform was good and the services are all excellent. Will continue trading with them.
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Good profit
It is really the best option to invest. They have helped me grow my money. I have started with just the minimum deposit but right now I am earning a good profit.
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Fast withdrawals
Easy and fast withdrawals. Great customer service also.
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Excellent
Excellent rating! They are one of the best brokers I came across in forex trading. I can confidently recommend them to all.
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Fantastic broker
Fantastic broker company. Services are really pleasant and there are so many ways to earn money.
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Good broker
Helpful customer service and great broker signals. I am satisfied with the services.
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Reliable
I can confidently place trades, the trading advice is so much reliable.
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Impressive profit
Never fail to provide impressive forex trading profit. I am lucky to have traded with the best.
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Super fast withdrawal
It’s a good experience trading forex with this broker. The deposit and withdrawal process was super fast.
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