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Action Fx Trade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.actionfxtrade.com/register.html, about the company's legal and temporary regulatory information, the company's address 6595 Boles Road Johns Creek, GA 3009.

Action Fx Trade Forex Broker

Basic Information

Registered Region
United States
Operating Period
--
Company Name
Action Fx Trade LTD
Abbreviation
Action Fx Trade
Company employee
--
Customer Service Email Address
support@ActionFxTrade.com
Company address
6595 Boles Road Johns Creek, GA 3009
WhatsApp
+19148177566
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Action Fx Trade Review Summary in 6 Points Founded 2016 Registered Country/Region United States Regulation Unregulated Market Instruments & Services Trading, investment, exchange and loan for cryptos Trading Platform Proprietary platform Customer Support Contact us form, email, address, live chat, Whatsapp What is Action Fx Trade? Action Fx Trade, a company originally based in the United States, offers its clients services in trading, investing, exchanging and loading for cryptos including Bitcoin, Litecoin, Ethereum, Bitcoin Cash and XRP. It's important to note, though, that they currently operate without any authorized regulatory oversight, which raises questions about their legitimacy and reliability. In our forthcoming article, we will provide a detailed and organized review of the broker's services and products. We encourage those who are interested to read on for more in-depth information. We will conclude with a succinct summary emphasizing the unique aspects of the broker for easy comprehension. Pros & Cons Pros Cons • Fund insurance for customers • Unregulated • Multiple customer service channels • No MT4/5 trading platforms Pros: Fund Insurance for Customers: Action Fx Trade offers fund insurance for customers, providing an additional layer of protection and peace of mind. This insurance coverage helps safeguard clients' funds against unforeseen events or potential risks, enhancing trust and confidence in the platform. Multiple Customer Service Channels: Action Fx Trade provides multiple customer service channels, including a contact us form, email, physical address, live chat, and WhatsApp. This diverse range of communication options allows clients to reach out for assistance and support through their preferred method, promoting accessibility and responsiveness. Cons: Unregulated: One significant drawback of Action Fix Trade is its lack of regulation. Operating without regulatory oversight can pose risks for traders, as there are no external authorities ensuring compliance with industry standards or protecting client interests. No MT4/5 Trading Platforms: Action Fix Trade does not offer MetaTrader 4 (MT4) or MetaTrader 5 (MT5) trading platforms. The absence of MT4/5 platforms may limit the options available to traders and potentially hinder their trading experience. Is Action Fx Trade Safe or Scam? When considering the safety of a brokerage like Action Fx Trade or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage: Regulatory sight: Presently, this broker operates without any legitimate regulatory supervision, which indeed casts doubts on its authenticity and dependability. User feedback: To get a deeper understanding of the broker, it is suggested that traders explore reviews and feedback from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms. Security measures: Action Fx Trade prioritizes client security with comprehensive insurance coverage on customer funds. This ensures protection against unforeseen events, bolstering confidence among traders. Ultimately, the decision to trade with Action Fx Trade resides with the individual. It is recommended to carefully weigh risks and returns before engaging in any substantial trading activities. Market Instruments & Services Investment Services: Action Fx Trade offers custodial services and applications for managing clients' crypto assets. Trusted by digital asset institutions, the platform prioritizes security, compliance, and reliable custodial solutions. Exchange Services: Action Fx Trade provides a user-friendly platform for investors to buy bitcoins using various payment methods. This enables convenient conversion of cash to cryptocurrency without complications. Loan Services: Action Fx Trade simplifies access to crypto markets by allowing brokerage customers to utilize buying power from a single account across different venues. This facilitates efficient access to liquidity. Trading Services: Action Fx Trade endeavors to create a deep and wide liquidity pool in the crypto market by aggregating liquidity from multiple connected venues. Traders can access a range of popular cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Bitcoin Cash and XRP. How to Open an Account? To open an account with Fyntura, you have to follow below steps: Visit the Fyntura website, locate and click on the 'Register'. Fill in the necessary personal details required. Complete any verification process for security purposes. Once your account has been approved, you can set up your investment preferences and start trading. Trading Platform Action Fx Trade's proprietary trading platform claims to offer a range of powerful tools accessible across desktop, web, and mobile devices. Leveraging real-time market data and order execution technology, users can navigate the competitive trading landscape with ease. The platform provides access to various investment classes, including crypto, stocks, and options, enabling portfolio diversification. Notably, Action Fx Trade boasts a high uptime accuracy of 99.999% for its trading systems to ensure reliability and availability for traders and investors alike. Customer Service The broker's customer service offers multiple channels for assistance, including a contact us form, email, physical address, live chat, and WhatsApp. This comprehensive approach ensures accessibility and support for clients across various communication preferences. Address: 6595 Boles Road Johns Creek, GA 3009, United States.Email: support@ActionFxTrade.com. Conclusion Action Fx Trade, headquartered in the United States, offers trading, investing, exchanging and loading services for cryptos including Bitcoin, Litecoin, Ethereum, Bitcoin Cash and XRP to its clients. However, the firm doesn't hold any valid operational regulations which prompts concerns regarding its dedication to regulatory adherence and customers' interest protection. Thus, we recommend you to undertake investigation before starting any trading activities, or consider other brokers prioritizing regulatory transparency and consumer protection. Frequently Asked Questions (FAQs) Q 1: Is Action Fx Trade regulated? A 1: No. The broker operates with no valid regulatory oversight currently. Q 2: Is Action Fx Trade a good broker for beginners? A 2: No. It is not a good choice for beginners because its not regulated by any recognized authority. Q 3: Does Action Fx Trade offer demo accounts? A 3: No. Q 4: Does Action Fx Trade offer the industry leading MT4 & MT5? A 4: No. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Rating Index

  

Action Fx Trade Forex Broker - Complete Information Guide

  

1. Broker Overview

  Action Fx Trade Ltd, founded in 2016, is a financial services company primarily focused on cryptocurrency trading. The company is headquartered at 6595 Boles Road, Johns Creek, GA 3009, United States, and operates as a private entity. The broker caters to a wide range of clients, including individual retail traders interested in cryptocurrencies such as Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and XRP.

  Despite being relatively new in the market, Action Fx Trade has made strides in providing its clients with trading, investment, exchange, and loan services in the cryptocurrency domain. However, the absence of regulatory oversight raises concerns about its legitimacy and reliability. The company operates under a business model that focuses on retail forex trading, specifically in the cryptocurrency market, and aims to aggregate liquidity from various connected venues.

  Action Fx Trade has not established any significant milestones in its short operational history, and its lack of a regulatory framework continues to pose risks to potential investors. As a result, it is crucial for clients to conduct thorough research before engaging with the broker.

  

2. Regulatory and Compliance Information

  Currently, Action Fx Trade operates without any valid regulatory oversight. The broker has not been registered with any recognized financial authority, which raises significant concerns regarding its legitimacy. Notably, the Financial Conduct Authority (FCA) of the United Kingdom has issued warnings against Action Fx Trade, marking it as an unauthorized entity that may engage in deceptive practices.

  • Regulatory Status: Unregulated
  • Licensing Information: No valid regulatory information available
  • Client Fund Segregation: Not applicable
  • Investor Compensation Fund: Not applicable
  • KYC and AML Compliance: Specific details on compliance measures are not disclosed.

  The absence of regulatory oversight means that clients may not have access to legal protections typically afforded by regulated brokers, including compensation schemes and client fund segregation. This lack of regulation amplifies the risks associated with trading through Action Fx Trade.

  

3. Trading Products and Services

  Action Fx Trade offers a limited range of trading products primarily focused on cryptocurrencies. The broker provides access to several cryptocurrency pairs, including:

  • Major Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and XRP.

  Additionally, Action Fx Trade does not seem to offer a diverse range of financial instruments such as CFDs on indices, commodities, or stocks. The broker's focus appears to be solely on cryptocurrencies, limiting the trading options available to clients.

  The frequency of product updates and the introduction of new trading instruments are not specified in the available information. Furthermore, the absence of retail trading services tailored for institutional clients and the lack of white-label solutions further restricts the broker's service offerings.

  

4. Trading Platform and Technology

  Action Fx Trade utilizes a proprietary trading platform, which claims to provide a range of tools accessible across desktop, web, and mobile devices. However, it is important to note that the broker does not support popular trading platforms such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are commonly used in the forex trading industry.

  • Platform Features: The proprietary platform offers real-time market data and order execution technology but lacks advanced features found in industry-standard platforms.
  • Mobile Application: Details regarding the availability of mobile applications for iOS and Android are not specified.
  • Execution Model: The execution model used by Action Fx Trade is not clearly defined; thus, it remains uncertain whether they operate on an ECN, STP, or Market Making basis.
  • Server Infrastructure: Information regarding server locations and the technical infrastructure supporting the trading platform is not provided.
  • API Access: There is no mention of API integration or support for automated trading.

  Overall, the lack of established trading platforms and technology raises questions about the broker's capability to provide a competitive trading environment.

  

5. Account Types and Trading Conditions

  Action Fx Trade does not offer a variety of account types, which limits the options available for traders. The available account conditions are as follows:

  • Standard Account Conditions: Specific details on minimum deposit requirements, spreads, and commissions are not disclosed.
  • Advanced Account Types: There are no indications of VIP or professional accounts being offered.
  • Special Accounts: Information regarding Islamic accounts or corporate accounts is not provided.
  • Demo Account Policy: Action Fx Trade does not appear to offer demo accounts for prospective clients to practice trading.
  • Leverage Ratios: The leverage ratios for different products are not specified, creating uncertainty for traders.
  • Minimum Trade Size: Details regarding the minimum trade size are not available.
  • Overnight Fees: Information on overnight fees is not disclosed.

  The lack of transparency regarding account types and trading conditions further complicates the decision-making process for potential clients.

  

6. Fund Management

  Action Fx Trade supports only cryptocurrency transactions for deposits and withdrawals. The details regarding fund management are as follows:

  • Supported Deposit Methods: The broker accepts deposits exclusively through cryptocurrencies, specifically Bitcoin.
  • Minimum Deposit Requirements: The minimum deposit requirements for different account types are not specified.
  • Deposit Processing Time: Deposits are processed within 24 hours, but specific timeframes are not guaranteed.
  • Deposit Fees: Information regarding deposit fees is not provided.
  • Withdrawal Methods and Restrictions: Withdrawals are also processed through cryptocurrencies, but the specific procedures and limitations are not detailed.
  • Withdrawal Processing Time: Withdrawals typically take around 24 hours, though this may vary.
  • Withdrawal Fees Structure: The fee structure for withdrawals is not disclosed.

  The exclusive reliance on cryptocurrency transactions for fund management may pose challenges for clients preferring traditional payment methods.

  

7. Customer Support and Educational Resources

  Action Fx Trade offers various channels for customer support, though specific details about their availability and responsiveness are not disclosed. The support channels include:

  • Support Channels: Email, online chat, and a contact form on their website.
  • Service Hours and Time Zone Coverage: Specific service hours are not provided, which may affect clients in different time zones.
  • Multilingual Support: The languages supported by the customer service team are not clearly stated.
  • Educational Resources: Information regarding educational resources, such as webinars, tutorials, or eBooks, is not available.
  • Market Analysis Services: There is no mention of daily analysis, news, or research reports provided to clients.
  • Trading Tools: The availability of trading tools like calculators, calendars, or signal services is not specified.

  The lack of comprehensive customer support and educational resources may hinder the trading experience for both new and experienced traders.

  

8. Regional Coverage and Restrictions

  Action Fx Trade primarily targets clients in the United States, but there are no clear indications of its operational reach beyond this region. The following details are noted:

  • Main Service Markets: The broker appears to focus on the U.S. market for its cryptocurrency trading services.
  • Regional Office Distribution: Specific regional offices or branches are not mentioned.
  • Countries/Regions Not Accepted: There is no information on countries or regions from which clients are not accepted.
  • Special Restrictions: No special restrictions are indicated, but the lack of regulatory oversight may limit the broker's ability to operate in certain jurisdictions.

  In conclusion, the Action Fx Trade broker presents significant risks due to its unregulated status and limited service offerings. Potential clients should exercise caution and conduct thorough research before engaging with this broker.

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Latest Reviews

FX1318953409

FX1318953409

Colombia

Responsive and highly reliable, I absolutely love this platform. I fully trust them. A great place for trading, it is quick in more ways than one, with fast operations and transactions!

Positive

2023-03-01

Action Fx Trade Forex Broker has an overall rating of 1.44, Regulatory Index 0.00, License Index 0.00, Business Index 6.43, Software Index 4.00 Risk Control Index 0.00.
Action Fx Trade