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Pros

High leverage (up to 1:500) allows traders to control larger positions with a smaller amount of capital.
Competitive spreads (from 0.4 pips) help reduce overall trading costs.
Diverse account options (standard, premium, VIP) cater to different trader needs.

Cons

No regulation, which poses significant risks and lack of investor protection.
Limited trading assets (only 50 forex pairs and a few CFDs) restrict opportunities for diversification.
Unreliable reputation due to ethical concerns, including opaque pricing and withdrawal issues.

FXtrade broker Accounts

FXTrade Account Type

FXTrade offers several types of trading accounts to cater to different trader needs:

  • ECN Account
    • Perfect for both beginners and experts.
    • Enjoy the lowest spreads on the markets.
    • Zero commission on trades.
    • High Leverage Account
      • Suitable for traders with less than $1,000 in their account.
      • Leverage up to 1:1000.
      • Islamic Account
        • Designed for Islamic traders.
        • No swap or rollover charges on overnight positions.
        • Offers the lowest spreads on the markets.

        All account types require a minimum deposit of $50 to activate.

        FXTrade Broker Account Opening Process

        To open a real account with FXTrade, follow these steps:

        • Registration
          • Register using your phone number or email to create an account.
          • Fund Your Account
            • Navigate to the fund section.
            • Click on deposit, select your payment method, and confirm the amount.
            • Your balance will be updated immediately upon successful transaction.
            • Account Verification
              • Submit a government-issued ID (like a passport or drivers license) for account verification.
              • This verification is mandatory for increased fund safety and is required before withdrawals.
              • Receive Deposit Bonus
                • FXTrade offers a deposit bonus of up to $4,000 per account. Bonuses are automatically applied upon deposits.
FXtrade accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
FXtrade Account