FXTRADING.com
Pros and Cons
Pros
- Regulated by ASIC and VFSC
- Over 10,000 trading instruments available
- Platforms: MetaTrader 4, MetaTrader 5, and FXT WebTrader
- Tight spreads starting from 0.0 pips
- 24/5 customer support available
Cons
- Not regulated in major jurisdictions like the US
- Withdrawal fees apply
- Limited educational resources available
- No direct support for cryptocurrency trading
- Customer support not available on weekends
Basic Information
User Reviews
FXTRADING.com Overview
Founded in 2014 and headquartered in Sydney, Australia, FXTRADING.com is a regulated forex broker offering a comprehensive suite of trading services. The broker operates under the oversight of the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), ensuring compliance with high industry standards and providing traders with a secure trading environment. With a focus on transparency and integrity, FXTRADING.com prioritizes client funds’ protection, maintaining them in segregated accounts to uphold trustworthiness and security.
Is FXTRADING.com Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Australian Securities and Investments Commission (ASIC) | Australia | Segregated Funds, Negative Balance Protection |
| Vanuatu Financial Services Commission (VFSC) | Vanuatu | Segregated Funds |
Is FXTRADING.com Regulated and How Are Client Funds Protected?
FXTRADING.com operates under a dual regulatory framework, being regulated by both the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). ASIC is known for its rigorous standards, ensuring that FXTRADING.com adheres to strict compliance requirements, which includes maintaining segregated client accounts. This segregation protects client funds from being used for operational expenses, thereby enhancing safety in the event of the broker’s insolvency.
Additionally, FXTRADING.com provides negative balance protection, ensuring that clients cannot lose more than their deposited capital. The broker also conducts regular external audits to maintain transparency and accountability. While the presence of two regulatory bodies enhances credibility, traders should remain aware of the differing levels of oversight, particularly noting that the VFSC is considered less stringent than ASIC. Overall, FXTRADING.com appears to be a regulated and safe option for trading, provided clients remain vigilant about the varying degrees of regulatory protection offered by each authority.
Trading Products and Services
What trading instruments does FXTRADING.com offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | 100+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Many |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Many |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
FXTRADING.com provides a diverse array of trading instruments, allowing traders to engage with a wide range of asset categories including Forex, commodities, indices, stocks, and cryptocurrencies. This extensive selection enables both beginners and experienced traders to tailor their strategies based on their investment goals, whether they seek short-term gains or long-term growth. The availability of multiple asset categories supports effective portfolio diversification, which is crucial in today’s dynamic market environment. By offering access to various markets, FXTRADING.com empowers users to adapt their trading strategies flexibly and efficiently.
Account Types and Trading Conditions
What Account Types and Fees Does FXTRADING.com Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Beginners and casual traders | Zero commission fees, competitive spreads starting from 0.2 pips | Minimum deposit of $10, suitable for new traders |
| Standard Plus Account | Traders seeking higher markups | Zero commission fees, spreads from 0.3 pips | Minimum deposit of $100, ideal for those with some trading experience |
| Standard Pro Account | More experienced traders | Low spreads from 0.1 pips, zero commission fees | Minimum deposit of $100, suitable for those looking for competitive trading conditions |
| Pro Account | Experienced and high-volume traders | Raw spreads from 0.0 pips, transparent commission of $2 per lot | Minimum deposit of $50, ideal for traders focusing on tight spreads |
| Islamic Account | Traders requiring swap-free conditions | Compliant with Shariah principles, similar trading conditions to standard accounts | Available upon request |
| Demo Account | All traders (especially beginners) | Risk-free environment to practice trading | Available with virtual funds to help traders practice strategies |
Account Opening Process
To open an account with FXTRADING.com, follow these steps:
1. Register & Complete Application: Fill out the online registration form with personal details such as your name, email, and phone number.
2. Submit Documentation: Provide necessary documents for identity verification, including a valid ID and proof of address.
3. Identity Verification: Complete the verification process by submitting the required documents for compliance.
4. Account Flexibility: After the initial setup, you can upgrade to a professional account if your trading volume meets the requirements.
5. Fund Your Account: Once verified, deposit funds using various secure methods to start trading.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (Pro: $2 per lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (Pro: $2 per lot) | Competitive pricing for forex trading |
| CFDs (Stock Indices) | 1.5 | $0 | Variable spreads based on the index |
| CFDs (Commodities) | 2.0 | $0 | Competitive spreads for commodities |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market volatility |
Other Fees
FXTRADING.com applies several additional fees that traders should be aware of:
– Deposit and Withdrawal Fees: Some withdrawal methods may incur fees, notably bank wire transfers.
– Inactivity Fees: Accounts inactive for a specified period may incur fees.
– Platform Usage Fees: No charges for using the trading platforms.
– Overnight Interest (Swap Rates): Applicable to positions held overnight, calculated at daily rollover points.
– Currency Conversion Fees: May apply when trading in different currencies than the account base currency.
Trading Platforms and Apps
What Trading Platforms and Apps Does FXTRADING.com Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | One-click trading, 30 technical indicators, automated trading, secure login (2FA) | Demo account, VPS, API access |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | More order types, market depth analysis, advanced backtesting, secure login (encryption) | Demo account, VPS, API access |
| FXT WebTrader | Windows, macOS, Linux | Browser-based trading, advanced charting tools, real-time pricing, secure login (encryption) | Demo account, API access |
| FXT Mobile App | iOS, Android | Full trading functionality, real-time alerts, position management, secure login (biometrics) | Demo account, social trading, client portal |
FXTRADING.com offers a variety of trading platforms designed to cater to different trading styles and preferences. MT4 is ideal for beginners due to its user-friendly interface, while MT5 provides advanced features for more experienced traders. The FXT WebTrader allows for seamless browser-based trading across different devices, and the FXT Mobile App ensures traders can manage their accounts and execute trades on the go. All platforms prioritize security with features like 2FA and encryption, ensuring a secure trading environment.
These platforms support fast order execution, real-time alerts, and comprehensive search tools, making them suitable for traders who value efficiency and accessibility.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-3 days | Bank fees may apply (USD 15-30 for international wires) | Min Deposit: 50 USD, Max Withdrawal: 50,000 USD/day | USD, EUR, GBP, AUD, CAD, JPY |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 1 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP, AUD, CAD |
| E-wallets (PayPal, Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| Local Payment Methods (GrabPay, FasaPay, etc.) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
| Cryptocurrencies | Deposit: Instant, Withdrawal: 1-2 days | Transaction fees apply (e.g., 20 USDT for ERC20) | Min Deposit: 20 USD, Min Withdrawal: 50 USD | Various cryptocurrencies (e.g., BTC, ETH) |
Compliance & Security Background
To comply with anti-money laundering (AML) and know-your-customer (KYC) regulations, withdrawals must return to the original payment method. This ensures traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Regional Differences
Payment methods may vary by region; Southeast Asian users may prefer GrabPay or local bank transfers, while European clients often utilize SEPA transfers. US users cannot use Skrill, and some Middle Eastern countries limit PayPal. Local banks in Japan may offer zero-fee transfers.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Use e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Opt for bank transfers for lower total costs despite slower processing.
- Avoid Hidden Costs: Match deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Choose brokers with various base currency options to minimize cross-currency fees.
How to Withdraw
- Log in to your client portal.
- Select “funding options” for the account you want to withdraw from.
- Choose your preferred withdrawal method.
- Complete any required identity verification.
- Submit your withdrawal request.
Withdrawal requests are processed typically within 24 hours, with funds reaching your account in 2-5 business days, depending on the method chosen.
Customer Support
FXTRADING.com Customer Support Overview
Support Channels
FXTRADING.com offers multiple support channels to ensure that clients can easily get in touch for assistance. You can reach out via:
- Email: Contact the support team directly at service@fxtrading.com for any inquiries.
- Live Chat: Engage in real-time conversation through the live chat feature available on the website for immediate help.
- Telephone: Call the support team at +61 2 8039 7366 for direct assistance.
- Social Media: Follow and contact FXTRADING.com on platforms like Facebook, Twitter, and Instagram for updates and support.
Service Availability
FXTRADING.com provides customer service 24/5, ensuring that support is available during the trading week. The support team is multilingual, offering assistance in both English and Chinese, allowing for effective communication with a diverse client base.
Additional Resources
To enhance the trading experience, FXTRADING.com also provides various educational resources, including:
- Video tutorials to guide users through the trading platforms.
- Webinars covering market updates and trading strategies.
- Market analysis to help traders make informed decisions.
- Trading signals that provide insights and suggestions for potential trades.
With a commitment to high-quality support and resources, FXTRADING.com aims to assist clients effectively and enhance their trading experience.
Frequently Asked Questions
Yes, FXTRADING.com is fully licensed and regulated by leading international financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). This ensures a secure and transparent trading environment for our clients.
At FXTRADING.com, client funds are held in segregated accounts with top-tier banks, ensuring they are protected and separated from company funds. We also implement negative balance protection and conduct regular audits to maintain compliance with regulatory standards.
FXTRADING.com offers competitive trading conditions, including raw spreads starting from 0.0 pips, flexible leverage options of up to 2000:1, and a diverse range of over 500 financial instruments across forex, stocks, indices, and commodities. This allows traders to execute their strategies effectively.
FXTRADING.com provides 24/5 customer support through various channels, including live chat, email, and phone. Our dedicated support team is available to assist with account inquiries, technical issues, and general trading questions, ensuring a seamless user experience.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.