Founded in 2000, FXTrading is an online
broker offering forex and CFD trading on various assets, including currencies,
commodities, indices, and shares. The company is headquartered in Australia and
is regulated by the Australian Securities and Investments Commission (ASIC) and
the Vanuatu Financial Services Commission (VFSC).
FXTrading offers its clients a choice
of three trading platforms: MetaTrader 4 (MT4), IRESS, and MAM/PAMM. The broker
also provides a demo account so clients can practice trading before opening a
live account.
Why trade with FXTrading.com?
The minimum deposit for a live account
is $200, and the maximum leverage is 1:500. FXTrading offers 24/5 customer
support in English and Chinese.
For crypto traders, FXTrading offers
the ability to trade crypto CFDs on a range of assets, including Bitcoin,
Ethereum, Litecoin, and Ripple. Using the MT4 mobile trading app, crypto
traders can access their accounts and trade on the go.
Pros
Cons
MT4
US
customers can not access this platform
Easy to
open account
10,000+
tradable instruments
Wide
range of tradable markets
Quick
deposit and withdrawal
FXTrading is not a publicly traded
company, but they're known for its competitive spreads and for providing a wide
range of tradable instruments. Overall, FXTrading is a reliable choice for
forex and CFD trading. Let's dive into the details of the broker to understand
the offerings better:
Safety details
FXTrading is a highly regulated broker.
The company is registered with the Australian Securities and Investments
Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). Thus,
traders can be assured that their funds are safe and protected.
The platform has implemented all
advanced security protocols, such as SSL encryption, to protect its clients'
personal and financial data.
In addition, all client funds are
segregated in tier-1 banks. With segregated bank accounts, clients' funds will
not be affected even if the broker goes bankrupt.
Moreover, the broker has implemented
negative balance protection that ensures that clients cannot lose more money
than they have in their accounts. NBP is an excellent feature that protects
traders from significant losses. Along with safety, the overall operations of
FXTrading are also highly transparent.
Fees information
When it comes to fees, FXTrading is
quite competitive. Their entire pricing structure is transparent, and this
platform has no hidden charges. Regarding deposits and withdrawals, they don't
charge fees for e-wallets, domestic deposits, and withdrawals.
Traders only need to pay bank charges
if they perform international wire transfers for depositing or withdrawing
funds. Regarding spreads, they offer highly tight floating spreads that help
traders to save on costs.
Fees Type
FX
Trading
Deposit
fee
Deposits
are free on credit/debit cards, electronic transfers. Deposit charges
applicable on international wire transfer.
Withdrawal
fee
Withdrawals
are free on credit/debit cards, electronic transfers. Withdrawal charges
applicable on international wire transfer.
Inactivity
fee
No
Fee
ranking
Low/
Average
The average EUR/USD spread is approx
0.6 pips, and the lowest spread on the Pro account is 0.0 pip. Unlike other
brokers, FXTrading doesn't charge an inactivity fee, which relieves traders.
Overall, the company has a very competitive and affordable fee structure.
Spreads fee
For forex trading, spreads matter the
most because it is the primary source of income for brokers. Spread is the
difference between a currency pair's bid and ask price. The company offers to
trade on over 70 currency pairs, and the average EUR/USD spread is 0.6 pips.
The minimum spread on the Pro account
is 0.0 pip, and the maximum leverage is 1:500. The company doesn't charge any
commission on forex trading (on the Standard account), which is quite an
advantage for traders.
Moreover, as the spreads are floating,
they tend to change according to market conditions. So, the spreads might widen
during high volatile periods, but the spreads would be tight during low
volatile periods.
Swap fee
information
Forex or any other market traders need
to pay a small fee to their brokers whenever they hold their position
overnight, and this fee is called an overnight or swap fee. In addition, the
company charges a very nominal swap fee.
The swap fee is variable, and it's
calculated based on the interest rates of the currencies involved in the trade,
the size of the position, and the direction (long or short) of the position.
For example, if the interest rate of
EUR is 0.25% and that of USD is 0.5%, then a long EUR/USD position would earn
swap interest, while a short position would pay swap interest. The amount of
interest is calculated on the notional value of the trade.
Deposit and
withdrawal at FXTrading
FXTrading.com
For forex and other market clients, the
number of deposit and withdrawal options is significant. It is because fast and
easy access to trading funds is essential to take advantage of market
opportunities as they arise.
At FXTrading, there is a range of
deposit and withdrawal options available to clients. These include bank wire
transfers, credit/debit cards, China Union Pay, and Neteller. Withdrawals are
typically processed within 24 hours, and the broker charges no fees.
Bank wire transfers may take up to 2-3
working days, while credit/debit card withdrawals are usually processed within
1-2 working days. The minimum deposit at FXTrading is $200, and the withdrawal
is $100, which is a very reasonable amount compared to other brokers.
To offer a seamless trading experience,
FXTrading has partnered with several leading banks and financial institutions
worldwide. This ensures that client funds are always safe and secure.
As the broker is ASIC and VFSC
regulated, they are required to segregate client funds from company funds. This
means that even if FXTrading were to become insolvent, client funds would still
be protected.
Negative balance
protection (NBP)
FXTrading offers negative balance
protection (NBP) to all of its clients. This means that you will only owe the
broker the amount you have deposited into your account.
This is an important safety feature as
it means that you can never lose more money than you have invested. This is
particularly important when trading with leverage, as it can magnify profits
and losses. Overall, NBP is a critical feature that adds an extra level of
safety for traders.
Tradable markets
With over 10,000+ tradable instruments
across markets like Forex, Indices, Commodities & Cryptocurrencies, traders
have access to a wide range of markets to choose from. Whether a beginner or an
experienced trader, you'll find a market to trade with FXTrading. Let's look at
all tradable markets available on FXTrading:
Forex
Forex trading is among the most popular
instruments, with over $6 trillion daily volume. At FXTrading, traders can
trade on more than 70 currency pairs with leverage of up to 1:500. The broker
also doesn't charge any commission on forex trades.
Some of the popular currency pairs
available for trading on FXTrading are EUR/USD, GBP/USD, USD/JPY, AUD/USD, and
NZD/USD. Along with these, traders can also trade exotic currency pairs like
USD/TRY, USD/ZAR, and USD/SEK.
As the leverage is as high as 1:500 on
forex trading, FXTrading clients can quickly take large positions with a small
amount of capital. However, it's important to remember that leverage is a
powerful facility that all need to use efficiently.
Crypto CFDs
Cryptocurrencies have become one of the
most popular trading instruments in recent years, with Bitcoin, Ethereum,
Litecoin, and Ripple leading the pack. Crypto trading offers high liquidity and
24/7 trading opportunity as the markets are open around the clock.
At FXTrading, traders can trade
cryptocurrencies with leverage of 1:20. For example, if you have $100 in your
account, you can trade a position worth $2,000. Some popular crypto pairs for
trading on FXTrading are BTC/USD, ETH/USD, LTC/USD, and XRP/USD.
Commodities
Trading commodities is a popular way to
diversify your trading portfolio, as global economic factors largely influence
the prices of commodities. At FXTrading, traders can trade on popular
commodities like gold, silver, crude oil, natural gas, and copper.
The leverage on commodity trading is
1:50, allowing traders to take large positions with a small amount of capital.
Some popular commodity pairs for trading on FXTrading are GOLD/USD, SILVER/USD,
BRENT/USD, and NGAS/USD.
Indices
Stock indices are a popular trade
method as they offer exposure to a basket of stocks with a single trade.
Indices are also influenced by global economic factors, making them an
excellent way to diversify your trading portfolio.
At FXTrading, traders can trade on
popular indices like Dow Jones Industrial Average (DJI), S&P 500 Index,
NASDAQ Composite Index, and FTSE 100 Index. The leverage on index trading is
1:50, allowing traders to take large positions with a small amount of capital.
For instance, if you have $100 in your
account, you can trade a position worth $5,000 on the Dow Jones Industrial
Average (DJI).
Shares CFDs
Share CFDs are contracts for
differences in popular stocks traded on major stock exchanges like the NYSE,
NASDAQ, and London Stock Exchange. Share CFDs offer exposure to some of the
world's largest companies with a single trade.
At FXTrading, traders can trade on over
500 share CFDs with leverage of 1:10. For example, if you have $100 in your
account, you can trade a position worth $1,000 in Apple Inc. (AAPL) shares.
Trading shares with leverage allows you to take larger positions with a small
amount of capital.
Spot metals
Spot metals are popular trading
instruments as they offer exposure to precious metals like gold and silver
without having to take actual delivery of the metal. For example, at FXTrading,
traders can trade on spot metals like gold, silver, platinum, and palladium
with a leverage of up to 1:100.
The leverage on spot metals is much
higher than other instruments like shares and indices, allowing traders to take
large positions with a small amount of capital. For example, if you have $200
in your account, you can trade a position worth $20,000 in gold.
Energies
Trading energy commodities is a popular
way to diversify your trading portfolio, as global economic factors largely
influence the prices of energy commodities. At FXTrading, traders can trade on
popular energy commodities like crude oil, natural gas, and gasoline.
The leverage on energy commodity
trading is 1:100, allowing traders to take large positions with a small amount
of capital. For example, if you have $500 in your account, you can trade a
position worth $50,000 in crude oil.
Some popular energy commodity pairs for
trading on FXTrading are USOIL/USD, UKOIL/USD, and NGAS/USD.
Leverage information
The platform offers a maximum leverage of 1:500. This is relatively high compared to the industry average, which is
1:30. So, for example, if you're trading with a $1,000 account and you use the
maximum leverage of 1:500, you can trade up to $500,000.
This can be both an advantage and a
disadvantage, as it allows you to make more enormous profits but also exposes
you to more significant risks. However, individuals who know how to manage
their risks can still make a lot of money by using high leverage.
Overall, the leverage structure at
FXTrading is perfect for experienced traders who know how to use leverage
wisely.
Trading platforms
FXTrading is a multi-asset broker that
offers its clients the choice of three different trading platforms: MetaTrader
4 (MT4), IRESS, and MAM/PAMM. Thus, whether you're a beginner or an experienced
trader, you'll find a platform that suits your needs. Let's look at all trading
platforms available on this platform:
MetaTrader 4
MetaTrader 4 is one of the most used
trading platforms and is ideal for beginners and experienced traders. The
platform comes with an intuitive interface, a range of analytical tools, and
support for mobile trading. If you're into technical analysis, then you'll be
glad to know that MetaTrader 4 comes with over 50 built-in indicators and 24
analytical objects. The platform is user-friendly and comes with a range of
features, including:
Technical analysis tools
A wide range of order types
The ability to backtest trading strategies
Live news and market analysis
A mobile trading app
IRESS
It's a professional-grade trading
platform that's popular among active traders. The minimum deposit for using
IRESS at FXTrading is $10,000, and you also need to pay the platform charge,
which is $60. With over 50 order types and advanced charting features, IRESS is
a powerful platform that gives you complete control over your trading. Some of
the features of IRESS:
Real-time streaming quotes
Advanced charting and analysis tools
A wide range of order types
The ability to trade directly from the charts
MAM/PAMM
MAM/PAMM is a platform that's
specifically designed for money managers. It allows managers to trade on behalf
of multiple clients from a single account. With a MAM account, you can trade
various asset classes, including forex, CFDs, and Futures. The platform has a
number of features that make it ideal for money managers, such as:
Allocation methods
Risk management tools
Real-time reporting
Flexible commission structure
Trade multiple asset classes from a single
account
The minimum deposit for a standard
account is $200, and the maximum leverage is 1:500. Spreads are variable, and
the minimum trade size is 0.01 lots. This Standard account is ideal for those
who want to trade with a smaller deposit and enjoy lower spreads. The maximum
number of open orders is 100, and the maximum number of pending orders is 50.
Whether you trade in micro lots or
standard lots, you will be charged a commission of $3 per lot on the pro
account.
Pro account
It is a commission-based raw spread
account with a minimum deposit of $10,000. The maximum leverage is 1:500, and
the minimum trade size is 0.01 lots. The average spreads on the EUR/USD pair
are 0.1 pips, and the commission starts from $3.50 per lot. This commission
varies based on the traded asset and the volume.
For instance, for a trade size of 1 lot
on the EUR/USD pair, the commission would be $7 (0.007 * 1 * 100,000). The
maximum number of open orders is 500, and the maximum number of pending orders
is 200.
This account type is best suited for
those who trade in larger volumes and want to benefit from lower spreads. The
raw spread ECN account lets you trade with spreads starting from 0 pips.
How to get started
How to open your
FXTrading account?
Follow the below steps to open an
FXTrading account:
Step 1: Go to the website and click on
Start Trading.
Step 2: Enter the details, including
name, email, date of birth, and country.
Step 3: Select your trading account
type and leverage.
Step 4: Choose your deposit method and
currency.
Step 5: Enter your investment amount
and click on 'Open Account.'
Research tools
This multi-asset trading platform
offers a wide range of research tools and market analysis to help you make
informed trading decisions. Whether you're looking for forex news, technical
analysis, or market insights, you'll find it all on the FXTrading platform.
Some of the critical research tools available are:
FXT Navigator
For traders looking for an in-depth
analysis of currency pairs and other markets, the FXT Navigator is an excellent
tool. This research tool provides detailed information on forex pairs,
including price charts, technical indicators, and more. It offers a wide range
of features like a personalized watchlist, price alerts, and market news.
Economic calendar
The economic calendar on the FXTrading
platform is a handy tool that keeps you up-to-date on key economic events. This
way, you can plan your trades around these events and make the most of market
movements. This tool is helpful for those who trade based on fundamental
analysis. In addition, the economic calendar can also be customized according
to your preferences.
Market sentiment
The market sentiment tool on FXTrading
gives you an overview of how other traders are positioned in the market. This
way, you can make informed trading decisions based on the market sentiment. In
addition, the market sentiment tool lets you see the most popular currency
pairs and CFDs being traded by other clients.
Trading Central
For a 360° view of the markets, Trading
Central is an excellent research tool available on the FXTrading platform. This
tool provides technical analysis, market insights, and more to help you make
informed trading decisions. It also offers a customizable watchlist and price
alerts so that you can stay on top of the markets.
Educational
resources
FXTrading offers a wide range of in-depth webinars, market news, and analysis. Traders
have quick access to these educational resources from the broker's website.
Even if you're a beginner, you'll be able to find plenty of helpful resources
to get started with forex trading.
Customer support
FXTrading offers 24/5 customer support in English and Chinese, which is available through live chat, email, and phone.
The broker also has an extensive FAQ section on its website, which covers a
range of topics, including account opening, deposit and withdrawal methods, and
platform tutorials.
FXTrading in a
nutshell
FXTrading is an excellent choice for
forex and CFD trading, offering a wide range of tradable instruments,
competitive spreads, and three different trading platforms to choose from.
Overall, we were impressed with the broker and would recommend them to both new
and experienced traders. As it's a regulated broker, we feel confident
recommending FXTrading to our readers.
FAQs
What is the minimum
deposit on this platform?
The minimum deposit is USD, EUR, and
AUD 200.
What is the maximum
leverage offered?
The maximum leverage offered is up to
1:500.
Do they offer a
demo account?
Yes, they offer a demo account.
Is FXTrading a
regulated broker?
Yes, it is a regulated broker. The
company operates under ASIC and VFSC.
What are the
deposit and withdrawal methods available?
Multiple deposits and withdrawal
methods are available, including wire transfers and credit/debit cards.
How to open your
account with the broker?
You can open your account with the
broker by going to their website and filling out the online registration form.
Does this platform
support MT4 & MT5?
They support MT4 and IRESS.
What are the
spreads available on this platform?
The spreads start from 0.0 pips.
What is the minimum
trade size for this broker?
The minimum trade size is 0.01 lots.
How to contact
customer support?
You can contact their customer support
via live chat, email, or telephone.
Do they offer
educational content?
Yes, they offer a wide range of
educational content, including market news and webinars.
Can US residents
open accounts with this broker?
As of now, US residents need help to
open an account with this broker.
How can I change my
password on this broker platform?
You can change your password by going
to the client portal and clicking on the "change password" button.
What account types
do they offer?
FXTrading offers two accounts —
Standard and Pro.
Is this broker good
for scalping?
Yes, FXTrading broker is suitable for
scalping.
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