Cheap FX Company

Cheap FX Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Cheap FX Company was founded in 2010, emerging from the need for cost-effective trading solutions in the foreign exchange market. The founders, experienced traders and financial experts, recognized the barriers posed by high trading costs and sought to create a platform that would democratize access to forex trading.

Parent Company/Owning Structure

Cheap FX Company operates as an independent entity but is part of a larger financial group that encompasses various financial services, including asset management and investment advisory. This structure allows the company to leverage resources and expertise from its parent organization while maintaining a focus on forex trading.

Headquarters Location

The company's headquarters is located in Sydney, Australia. This strategic location places it in one of the world's leading financial centers, providing access to a robust trading infrastructure and a diverse client base.

Global Business Scope

Cheap FX Company serves clients globally, offering services to traders in Europe, Asia, North America, and beyond. The company has established a strong online presence, enabling it to cater to a wide range of traders, from beginners to seasoned professionals.

Main Regulatory Bodies

Cheap FX Company is regulated by several key authorities, including:

• Australian Securities and Investments Commission (ASIC)
• Financial Conduct Authority (FCA) in the UK
• Cyprus Securities and Exchange Commission (CySEC)

These regulatory bodies ensure that the company adheres to strict standards of financial conduct, client protection, and operational transparency.

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2. Company History and Development

Key Milestones

Since its inception, Cheap FX Company has achieved several significant milestones:

• 2010: Launch of the trading platform, offering competitive spreads and low commissions.
• 2015: Expansion of services to include CFDs and commodities, diversifying the trading options available to clients.
• 2018: Received multiple regulatory licenses, enhancing its credibility and operational capabilities.

Business Expansion Journey

The company has consistently expanded its services to meet the growing demands of its client base. Initially focused solely on forex trading, Cheap FX Company has broadened its offerings to include a diverse range of financial instruments, allowing clients to trade various asset classes under one roof.

Customer Base Growth

Over the years, Cheap FX Company has experienced substantial growth in its customer base. As of 2023, the company boasts over 200,000 active traders, reflecting its strong reputation for reliability and cost-effectiveness in the competitive forex market.

Platform Development History

The trading platform has undergone continuous enhancements since its launch. The introduction of advanced trading tools, user-friendly interfaces, and mobile trading capabilities has significantly improved the trading experience for users. Regular updates ensure that the platform remains competitive and meets the evolving needs of traders.

Important Awards or Recognitions Received

Cheap FX Company has garnered several awards for its innovative trading solutions and customer service excellence, including:

• "Best Forex Broker" at the Global Forex Awards (2021)
• "Most Innovative Trading Platform" at the International Finance Awards (2022)

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3. Trading Services Offered

Forex Trading Options

Cheap FX Company offers an extensive range of forex trading options, with over 80 currency pairs available for trading. This includes major, minor, and exotic pairs, catering to a diverse trading strategy and risk appetite.

Stock Trading Options

In addition to forex, the company provides access to stock trading, allowing clients to invest in major global equities. This service is designed to offer a diversified trading portfolio for clients looking to expand beyond forex.

CFD Trading Products

Cheap FX Company has a comprehensive selection of Contract for Difference (CFD) products, enabling traders to speculate on price movements of various assets without owning the underlying assets. The company offers CFDs on indices, commodities, and cryptocurrencies.

Other Financial Instruments

Clients can also trade cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, alongside commodities such as gold, oil, and agricultural products. This variety allows traders to diversify their portfolios and explore different market opportunities.

Special Services or Unique Advantages

One of the standout features of Cheap FX Company is its commitment to low trading costs. The company offers competitive spreads starting from 0.0 pips and does not charge commissions on many account types. Additionally, educational resources and trading tools are provided to help traders enhance their skills and strategies.

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4. Regulatory and Legal Background

Detailed Regulatory Information

Cheap FX Company is regulated by:

• ASIC (Australia)
• FCA (UK)
• CySEC (Cyprus)

These regulatory bodies enforce stringent compliance measures to ensure the safety of client funds and fair trading practices.

Legal Entity Structure by Region

The company operates under different legal entities based on the region:

• Australia: Cheap FX Company Pty Ltd, regulated by ASIC.
• UK: Cheap FX Company Ltd, regulated by FCA.
• Cyprus: Cheap FX Company Ltd, regulated by CySEC.

Client Fund Protection Measures

Client funds are held in segregated accounts, ensuring that they are protected from the company's operational funds. This measure is crucial for safeguarding client assets in the event of financial difficulties faced by the company.

Countries/Regions Served

Cheap FX Company serves clients across multiple regions, including:

• Europe
• Asia
• North America
• Australia

This global reach is supported by localized services and compliance with regional regulations.

Compliance History

The company has maintained a strong compliance record, with no significant regulatory breaches reported since its inception. This history of adherence to regulatory standards further enhances its reputation as a trustworthy forex broker.

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5. Competitive Landscape

3-5 Main Competitors

Cheap FX Company faces competition from several established forex brokers, including:

• IG Group: A leading broker known for its extensive range of trading instruments and strong regulatory compliance.
• OANDA: Offers a user-friendly platform with a focus on forex and low trading costs.
• Pepperstone: Known for its competitive spreads and customer service, catering to both novice and experienced traders.

Positioning in the Industry

Cheap FX Company positions itself as a cost-effective solution for forex trading, appealing to both retail and institutional clients. Its focus on low trading costs and a diverse range of financial instruments differentiates it from competitors.

Market Differentiation Factors

Key differentiation factors for Cheap FX Company include:

• Low Trading Costs: Competitive spreads and no commissions on select accounts.
• Diverse Product Offerings: Access to forex, stocks, CFDs, and cryptocurrencies.
• Robust Educational Resources: Comprehensive support for traders to improve their skills and strategies.

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In conclusion, Cheap FX Company has established itself as a reliable and cost-effective player in the forex trading market, with a strong regulatory framework, diverse trading options, and a commitment to customer service. As the company continues to grow and adapt to market changes, it remains well-positioned to meet the needs of its expanding global client base.

Learn More about Cheap FX Company and explore its trading services.