FXTrading Broker Overview

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.

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.

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.

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

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
• Segregated client accounts

Type of accounts

FXTrading offers two types of accounts, and let's explore them in detail:

Standard 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 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.