Navigating the complex world of online trading requires thorough research and careful consideration. Enter FXTRADING.com, a forex and CFD broker promising competitive fees, access to diverse assets, and user-friendly platforms. But before diving in, let’s delve deeper into this platform to understand its strengths and weaknesses. This FXTRADING.com review aims to empower you to make informed decisions about your trading journey.
Summary Table
Feature | Details |
Regulation | ASIC, VFSC |
Account Types | Standard, Pro |
Minimum Deposit | $50 |
Leverage | Maximum 500:1 |
Trading Platforms | MT4, MT5 |
Asset Coverage | Forex pairs, commodities, indices, cryptocurrencies |
Spreads | Raw spreads for pro account and variable from 1 pips for Standard account |
Commissions | Pro account only: $3.50 per lot per trade |
Customer Support | 24/5 via live chat, email, and phone |
Educational Resources | Webinars, tutorials, e-books, market analysis |
Company Overview
FXTRADING.com boasts a decade of experience in the online trading realm, catering primarily to retail investors. They operate under the Cypriot Investment Firm (CIF) license, ensuring adherence to strict financial regulations. Their core values emphasize transparency, competitive pricing, and user-friendly trading experiences.
FXTRADING.com Account Types and Features
They offer two account types, each tailored to different experience levels and trading strategies:
- Standard Account: Ideal for beginners with low minimum deposits and access to basic features.
- Pro Account: Best suited for experienced traders comfortable with commissions and desiring the lowest spreads and fastest execution.
Their minimum deposit amount is $50, making them accessible to a wider audience. Leverage options vary depending on the account type and asset traded, maximum of 500:1. Margin requirements are set accordingly to manage risk exposure.
How To Open An Account With FXTRADING.com?
Opening an account is a simple process:
- Visit the FXTRADING.com website and click “Open Account.”
- Complete the online registration form with your details and trading experience.
- Verify your identity and address with the required documents.
- Fund your account using various secure payment methods.
- Start exploring the platform and embark on your trading journey.
How To Deposit Money In FXTRADING.com?
Depositing funds is convenient with several options, including
- Credit/debit cards
- Bank transfers
- E-wallets like Neteller and Skrill
Deposits are usually processed instantly or within 24 hours, depending on the chosen method.
How To Withdraw From FXTRADING.com?
Withdrawal requests are processed efficiently:
- Submit a withdrawal request through the platform.
- Choose your preferred withdrawal method.
- Funds are typically credited within 1-3 business days.
FXTRADING.com Trading Platforms
They provide access to popular and user-friendly platforms MT4 and MT5. These are Industry-standard platforms with a vast range of features, customization options, and technical indicators.
User interface and ease of navigation are intuitive on all platforms, making them suitable for both novice and experienced traders. Compatibility with various devices allows trading from desktops, laptops, tablets, and smartphones. Analysis tools and charting capabilities are extensive, empowering traders to make informed decisions.
FXTRADING.com Asset Coverage:
FXTRADING.com offers a diverse range of instruments to trade:
- Forex pairs: Over 70 major, minor, and exotic currency pairs.
- Commodities: Including gold, silver, oil, and natural gas.
- Indices: Global indices like the S&P 500, DAX, and Nikkei 225.
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and more.
Liquidity and spreads for major assets are generally competitive, with EUR/USD averaging 1.0 pips for Standard accounts and Raw spreads for Pro accounts.
FXTRADING.com Regulation and Security
They have regulation authorization from ASIC and VFSC. These safeguard client funds through segregated accounts, capital adequacy requirements, and investor protection programs. Additionally, they comply with international Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, deterring fraudulent activities and fostering a legitimate trading environment.
Fees and Commissions
FXTRADING.com’s fee structure varies depending on the account type and asset traded:
- Standard Account: Spreads are the primary fee, averaging 1.0 pips for EUR/USD.
- Pro Account: $3.50 commission per lot per trade with the lowest spreads.
In comparison with industry standards, their fees are generally competitive, although some brokers offer slightly lower spreads for specific assets. However, their transparency and lack of hidden fees are noteworthy advantages.
Customer Support
FXTRADING.com offers dedicated customer support 24/5 via live chat, email, and phone. Their multilingual team is responsive and knowledgeable, ready to assist with any queries or trading issues.
Educational Resources:
FXTRADING.com prioritizes trader education through a comprehensive library of resources:
- Webinars: Expert-led sessions covering various trading topics, market analysis, and platform tutorials.
- Tutorials and e-books: In-depth guides on trading concepts, strategies, and platform features.
- Market analysis: Daily and weekly reports providing insights into current market trends and potential trading opportunities.
This commitment to knowledge empowers traders to make informed decisions and develop their skills.
Pros and Cons
Pros | Cons |
Regulated broker with a proven track record. | Limited product portfolio compared to some competitors. |
Diverse asset coverage and competitive spreads. | Pro account commission might deter beginner traders. |
User-friendly trading platforms for all experience levels. | No advanced research tools like fundamental data analysis. |
Educational resources and dedicated customer support. | |
Transparent fee structure with no hidden charges. |
FXTRADING.com Reviews and Client Feedback
Client feedback on FXTRADING.com is generally positive, highlighting their user-friendly platforms, responsive customer support, and educational resources. However, some reviews mention limitations in advanced features and research tools.
Comparison Between FXTRADING.com and Other Brokers:
Comparing this broker to other brokers highlights its strengths in user-friendliness, educational resources, and competitive fees. Here we are comparing FXTRADING.com with two other prominent brokers such as Plus500 and eToro.
Feature | FXTRADING.com | Plus500 | eToro |
Headquarter: | Australia | UK | Israel |
Regulation: | ASIC in Australia, VFSC | FCA | FCA in the UK, SEC in the US, and ASIC in Australia |
Type of Broker: | No Dealing Desk, Dealing Desk | Market Maker | Market Maker |
If Anything Unwanted Happens, Contact Us:
Report Scammed Bitcoin is a scam reporting website, where a victim can report their scam report and they will get a free consultation and service recommendations to get the proper help in recovering the lost funds.
Though FXTRADING.com is a legit broker and there is nothing to fear, if anything unwanted happens with this broker or any other broker, without any delay, contact us. We are always here to help you.
Conclusion
FXTRADING.com offers a reliable and user-friendly platform for novice and experienced traders alike. With competitive fees, diverse asset coverage, and valuable educational resources, they provide a solid foundation for starting and developing your trading journey. However, it’s essential to consider their limitations and compare them to other brokers before making your final decision. Remember, responsible research and a careful assessment of your trading needs are crucial for choosing the broker that best suits you.
If you have lost money to companies like Plus500, BitForex, or Blackbull, please report it today by the below form.
