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Efixxen foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://efixxen.com/Registration, about the company's legal and temporary regulatory information, the company's address .

Efixxen Forex Broker

Basic Information

Registered Region
United States
Operating Period
--
Company Name
Capital Minds Financial Services Ltd.
Abbreviation
Efixxen
Company employee
--
Customer Service Email Address
support@efixxen.com
Contact Number
+18007500975
Company Website
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Aspect Information Registered Country/Area United States Company Name Efixxen Regulation Unregulated Minimum Deposit $250 Maximum Leverage Up to 1:400 Spreads Flexible, starting at 0 pips Trading Platforms Mobile Trader, Linux Trader, MacOS Trader Tradable Assets Currencies, Stocks, Spot Metals, Commodities, Digital Currencies, Indices Account Types Beginner, Standard, Intermediate, Advanced, Integral, VIP Islamic Account Available for certain account types Customer Support 24/5 support via phone and email Payment Methods Information not provided Educational Tools Not offered by Efixxen Overview Efixxen, an unregulated broker headquartered in the United States, offers a trading platform with a minimum deposit requirement of $250 and high leverage of up to 1:400. Traders can benefit from flexible spreads starting at 0 pips while accessing various asset classes, including currencies, stocks, spot metals, commodities, digital currencies, and indices. Efixxen provides multiple account types, ranging from Beginner to VIP, with Islamic account options available for certain types. They offer customer support services 24/5 via phone and email; however, information about accepted payment methods and educational resources is not provided. Traders considering Efixxen should be mindful of the absence of regulation and perform thorough research before engaging with the platform. Regulation Efixxen operates as an unregulated broker in the financial industry, offering trading and investment services. Unregulated brokers like Efixxen are not subject to the oversight and regulations imposed by financial authorities, which raises concerns regarding investor protection. The primary issue with unregulated brokers is the absence of safeguards such as capital requirements, segregation of client funds, and regulatory audits. This lack of oversight can expose clients to higher risks and reduce transparency and accountability. When considering Efixxen or any unregulated broker, it's essential to exercise caution, conduct thorough research, and be aware of the potential risks. It's generally advisable to prioritize regulated brokers with reputable oversight to ensure a higher level of confidence and protection for your investments. Always understand the risks associated with unregulated brokers and seek professional advice if necessary. Pros and Cons Pros Cons Diverse Market Instruments Lack of Regulation Multiple Account Types Inactivity Fee Competitive Spreads Limited Educational Resources No Commission Fees No Demo Account Information Low Minimum Deposit Unclear Payment Methods High Leverage Efixxen offers a diverse range of market instruments, multiple account types, competitive spreads, no commission fees, a low minimum deposit requirement, and high leverage. However, it operates as an unregulated broker, potentially raising concerns about investor protection. The broker also imposes an inactivity fee, lacks educational resources, and does not provide clear information about the availability and features of a demo account or accepted payment methods. Traders should carefully weigh these pros and cons when considering Efixxen as their trading platform. Market Instruments The broker offers a diverse range of market instruments to cater to the needs of various traders and investors. These instruments encompass different asset classes, each with its unique characteristics and opportunities. Here's a breakdown of the market instruments the broker provides: Currencies Trading: The broker facilitates trading in the currency exchange market, commonly known as Forex. This market operates 24 hours a day, five days a week, and is the largest and most liquid globally, with daily trading volumes exceeding $4 trillion. Traders can engage in Forex trading, where they buy and sell currency pairs, aiming to profit from exchange rate fluctuations. Stocks Trading: Investors can participate in the stock market by trading shares of global corporations. The broker offers access to large-cap stocks listed on major exchanges like the NYSE and NASDAQ. This allows traders to invest in companies and potentially benefit from their stock price movements. Spot Metals: Precious metals such as gold, silver, platinum, and palladium are available for trading. These metals have unique properties and global demand, making them attractive assets for portfolio diversification. Traders can capitalize on market fluctuations in the prices of these metals. Commodities Trading: The broker provides access to a variety of commodities, including precious metals, oil, and soft commodities. Traders can take advantage of market volatility by going long (buying) or short (selling) these globally important assets, potentially profiting from market cycles. Digital Currencies: The broker offers trading in digital currencies, including popular cryptocurrencies like Bitcoin, Ripple, and Ethereum. The platform provides ultra-fast execution and practical tools, making it convenient for traders to participate in the growing digital currency market. Indices Trading: Traders can select from a range of active indices from around the world. Indices represent a collection of stocks, and trading them allows investors to gain exposure to a basket of assets. This diversification can help mitigate risks associated with individual stock fluctuations. Account Types This broker provides a tiered system of trading accounts, each tailored to cater to the varying needs and preferences of traders. These accounts offer different levels of features and services, allowing traders to choose the one that best aligns with their trading goals and financial capabilities. Beginner Account: Minimum Deposit: $2,500 Key Features: The Beginner Account is designed for those who are just starting in the world of trading. It offers basic market access, providing traders with the essentials such as access to desktop and web terminals, mobile trading, analytical materials, and one-click trading. Additionally, it offers a Swap Free/Islamic option and daily analysis. However, it does not include features like special market coverage, trading strategies, special event invitations, private instant support, or a VIP personal manager. Standard Account: Minimum Deposit: $5,000 Key Features: The Standard Account builds upon the features of the Beginner Account, providing all the essentials along with special market coverage. However, it still does not include trading strategies, special event invitations, private instant support, or a VIP personal manager. Intermediate Account: Minimum Deposit: $25,000 Key Features: The Intermediate Account caters to more experienced traders who require a broader range of services. It offers full market access, advanced analytical tools, and the flexibility to employ various trading strategies. However, it does not include features like special event invitations, private instant support, or a VIP personal manager. Advanced Account: Minimum Deposit: $50,000 Key Features: The Advanced Account is designed for seasoned traders who demand a comprehensive set of tools and resources. It includes features such as special event invitations, but it lacks private instant support or a VIP personal manager. Integral Account: Minimum Deposit: $100,000 Key Features: The Integral Account offers an extensive suite of services, including special event invitations and private instant support. However, it does not include a VIP personal manager. VIP Account: Minimum Deposit: $250,000 Key Features: The VIP Account is the highest-tiered account, providing full market access, advanced tools, and personalized assistance. Traders at this level benefit from special event invitations, private instant support, and the guidance of a dedicated VIP personal manager. Account Type Minimum Deposit Key Features Beginner $2,500 Basic market access, analytical materials Standard $5,000 Special market coverage Intermediate $25,000 Full market access, trading strategies Advanced $50,000 Special event invitations Integral $100,000 Private instant support VIP $250,000 VIP personal manager Leverage This broker offers a maximum trading leverage of up to 1:400. Leverage is a financial tool that allows traders to control a larger position size with a relatively smaller amount of capital. In the case of 1:400 leverage, for every $1 in the trader's account, they can control a position worth up to $400 in the market. While leverage can magnify potential profits, it also significantly increases the level of risk associated with trading. Traders should use leverage cautiously, as it can lead to substantial losses if the market moves against their positions. It's essential for traders to have a thorough understanding of leverage and risk management strategies before utilizing higher leverage levels like 1:400 to ensure responsible and informed trading decisions. Spreads and Commissions Certainly, here's the information about Spreads & Commissions from Efixxen in a more organized format: Commissions: Efixxen does not charge any commission fees for trading. This fee structure benefits traders by allowing them to retain their profits without additional commission expenses. Spreads: Efixxen offers flexible spreads starting at 0 pips. Spread values can change based on market conditions and the assets being traded. Competitive spreads provide traders with favorable pricing for entering and exiting positions. Fees: Deposit Fee: None Withdrawal Fee: None Inactivity Fee: Yes (Traders may incur an inactivity fee for dormant accounts.) Fee Ranking: Low/Average Additional Considerations: While Efixxen doesn't charge commission fees, traders should be aware that there may be other fees associated with trading or account-related activities. It's advisable to review Efixxen's terms and conditions or contact customer service to understand any potential fees related to deposits, withdrawals, account inactivity, or other charges. Deposit & Withdrawal Minimum Deposit: Efixxen requires a minimum deposit of $250 to start trading on their platform. This low minimum deposit allows traders of various experience levels to enter the market with ease, even if they have limited capital. Deposit Fees: Efixxen does not charge any deposit fees. Traders can fund their accounts without incurring additional costs. Withdrawal Fees: Efixxen also does not impose any withdrawal fees, ensuring that traders can access their funds without deductions. Inactivity Fee: Efixxen does have an inactivity fee. Traders should be aware that if their accounts remain inactive for a certain period, they may be subject to this fee. However, specific details about the inactivity fee duration and amount are not provided in the provided information. Trading Platforms Efixxen offers a versatile range of trading platforms, catering to traders' diverse preferences and needs. These platforms are meticulously designed to provide an efficient and seamless trading experience, equipping traders with essential tools for informed decision-making and swift trade execution. Efixxen's primary trading platforms include: Mobile Trader: Designed for easy trading on smartphones and computers. User-friendly interface optimized for mobile devices. Real-time market information and interactive charts. Quick trade execution with a few screen taps. Portfolio management and on-the-go trading capabilities. Linux Trader: Tailored for Linux operating systems. Reliable trading experience on Linux computers. Real-time market data and advanced charting tools. User-friendly interface for easy navigation. Stable and rapid trading platform. MacOS Trader: Exclusively for iOS devices (iPhones and iPads). User-friendly interface designed for Apple devices. Real-time market information and interactive charts. Effortless trade execution with a few clicks. Synchronized functionality for seamless trading across devices. Customer Support Efixxen prioritizes accessible customer support to assist traders effectively: Availability: Efixxen's support desk is open 24/5, ensuring assistance during trading hours. Contact Options: Reach out to their knowledgeable agents for account support, product inquiries, or platform guidance. Phone Support: Contact Efixxen directly at 18007500975 for immediate assistance. Email Support: Alternatively, you can email them at support@efixxen.com for detailed inquiries and prompt responses. Efixxen's responsive customer support team is dedicated to ensuring a seamless trading experience, offering multiple ways to connect for assistance. Educational Resources Efixxen does not offer educational resources as part of its services, focusing primarily on providing trading opportunities and support. Traders looking for educational materials or resources to enhance their trading knowledge may need to explore external educational sources or platforms to supplement their learning. Summary Efixxen is an unregulated broker offering a diverse range of market instruments, multiple account types, competitive spreads, and high leverage. However, the absence of regulatory oversight raises concerns about investor protection, and the broker imposes an inactivity fee. Educational resources are limited, and information about demo accounts and accepted payment methods is unclear. Efixxen provides a range of trading platforms and responsive customer support, but traders should exercise caution and conduct thorough research when considering this broker. FAQs Q: Is Efixxen a regulated broker? A: No, Efixxen operates as an unregulated broker in the financial industry. Q: What is the minimum deposit requirement to start trading with Efixxen? A: The minimum deposit to begin trading with Efixxen is $250. Q: Does Efixxen charge commission fees for trading? A: No, Efixxen does not charge any commission fees for trading. Q: What is the maximum leverage offered by Efixxen? A: Efixxen offers a maximum trading leverage of up to 1:400. Q: Does Efixxen provide educational resources for traders? A: No, Efixxen does not offer educational resources as part of its services.

Rating Index

VIP

Minimum Deposit
$250,000

Integral

Minimum Deposit
$100,000
How to login to Efixxen?
efixxen Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a efixxen Account To begin your trading journey with efixxen, you must first complete the registration process. This is a straightforward procedure that can be ac

  

Efixxen Forex Broker - Complete Information Guide

  

1. Broker Overview

  Efixxen is an online brokerage firm headquartered in the Sotheby Building, Rodney Bay, Gros Islet, Saint Lucia. Although the exact founding date is not publicly available, the broker is believed to have commenced operations in 2023, as indicated by its domain registration date. Efixxen operates as a private entity, providing a range of trading services primarily focused on retail forex and CFDs (Contracts for Difference).

  The broker caters to a diverse clientele, including both novice and experienced traders, by offering a user-friendly trading platform that grants access to various financial instruments. Efixxen has established itself in the trading industry by emphasizing advanced technology, competitive trading conditions, and robust customer support. The firm aims to empower traders by providing a reliable platform to amplify their capital through financial markets.

  Efixxen is operated by Capital Minds Financial Services Ltd., which positions itself as a reputable entity in the online trading space. The broker's business model is centered around retail forex trading, enabling clients to trade a wide array of assets, including currencies, indices, stocks, metals, digital currencies, and commodities. This diverse offering allows traders to explore multiple investment opportunities, enhancing their trading experience.

  

2. Regulation and Compliance Information

  Efixxen currently operates without any regulatory oversight from major financial authorities, which is a significant concern for many traders. The absence of regulation means that there are no specific regulatory numbers or licenses to verify the broker's legitimacy. This lack of oversight raises questions about the safety of client funds and the overall trustworthiness of the broker.

  While Efixxen does not provide specific details regarding investor compensation schemes, it claims to prioritize client security through various measures. The broker employs KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance procedures to safeguard against financial fraud and ensure that only legitimate transactions occur. Furthermore, Efixxen maintains a policy of separating client funds from its operational capital, which is stored in reputable foreign banks, thereby adding an extra layer of protection for traders.

  Despite these measures, the lack of regulatory supervision means that traders should exercise caution and conduct thorough research before engaging with Efixxen. The broker's commitment to transparency and security is commendable; however, potential clients must weigh the risks associated with trading through an unregulated entity.

  

3. Trading Products and Services

  Efixxen offers a wide range of trading products, allowing traders to diversify their investment portfolios. The broker provides access to over 500 tradable assets, including:

  • Forex Currency Pairs: Efixxen facilitates trading in major, minor, and exotic currency pairs, enabling traders to participate in the global forex market.
  • CFDs: The broker offers Contracts for Difference on various asset classes, including:
  • Indices: Traders can access popular indices like the S&P 500, DAX, FTSE, and Dow Jones Industrial Average.
  • Stocks: Efixxen provides a selection of stocks from global markets, allowing clients to invest in well-known companies.
  • Metals: Precious metals such as gold, silver, platinum, and palladium are available for trading.
  • Digital Currencies: The broker offers access to major cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin.
  • Commodities: Traders can also engage in trading commodities like oil, coffee, and other essential goods.

  Efixxen's product offerings are designed to cater to both retail and institutional clients, providing a comprehensive trading experience. The broker continuously updates its product range, ensuring that traders have access to the latest market opportunities. However, it is important to note that Efixxen does not provide a demo account, which may limit new traders' ability to practice and familiarize themselves with the platform before committing real funds.

  

4. Trading Platform and Technology

  Efixxen utilizes a proprietary trading platform designed to cater to the needs of its diverse client base. The platform is web-based and accessible across various devices, including desktops, tablets, and smartphones. Efixxen does not support popular trading platforms like MetaTrader 4 or 5, which may be a drawback for traders accustomed to those environments.

  The broker's platform offers several key features, including:

  • Mobile Trading: Efixxen provides a mobile trading application, allowing users to trade on the go and manage their accounts from their smartphones or tablets.
  • Linux and MacOS Support: The platform includes specific versions for Linux and MacOS users, ensuring compatibility across different operating systems.
  • Execution Model: Efixxen operates on a Market Making model, which means that the broker acts as the counterparty to trades. This can lead to potential conflicts of interest, as the broker profits when clients incur losses.

  The platform is equipped with advanced analytical tools, customizable charts, and real-time market data, enabling traders to make informed decisions. However, the lack of API access and automated trading support may limit the capabilities of more advanced traders seeking to implement algorithmic trading strategies.

  

5. Account Types and Trading Conditions

  Efixxen offers several account types tailored to meet the varying needs of traders. The available accounts include:

  • Beginner Account: Designed for new traders, requiring a minimum deposit of $250. This account provides basic market access and essential trading tools.
  • Standard Account: Aimed at traders with some experience, requiring a minimum deposit of $5,000. This account includes additional features and market analysis tools.
  • Intermediate Account: For traders with intermediate knowledge, this account requires a minimum deposit of $25,000 and offers expanded market access and advanced trading tools.
  • Advanced Account: Targeted at experienced traders, requiring a minimum deposit of $50,000. This account includes comprehensive market access and advanced analytical tools.
  • Integral Account: Designed for high-volume traders, this account requires a minimum deposit of $100,000 and provides extensive market access and personalized support.
  • VIP Account: Exclusively for elite traders, this account requires a minimum deposit of $250,000 and offers top-tier market access and premium features.

  Efixxen's trading conditions are competitive, with floating spreads starting from 0.0 pips and the ability to utilize leverage of up to 1:400. However, the broker does not offer a demo account, which may hinder inexperienced traders from testing their strategies before entering the market. The minimum trade size is typically 0.01 lots, and overnight fees may apply depending on the positions held.

  

6. Fund Management

  Efixxen provides various funding options to facilitate client deposits and withdrawals. Accepted deposit methods include:

  • Bank Transfers
  • Credit/Debit Cards (Visa, Mastercard)
  • Cryptocurrency Payments

  The minimum deposit requirement varies by account type, with the lowest starting at $250 for the beginner account. Efixxen does not charge deposit fees, which is advantageous for traders looking to maximize their investment. However, the processing time for deposits can vary depending on the chosen method.

  Withdrawal methods are also available, with Efixxen typically processing requests within 1-5 business days. While the broker does not impose withdrawal fees, it is essential for traders to be aware of any potential charges imposed by third-party payment processors.

  Efixxen's commitment to secure transactions is evident, as it utilizes advanced encryption technology to protect client information and funds. However, traders should remain vigilant and review the broker's policies regarding fund management and withdrawal limitations.

  

7. Customer Support and Educational Resources

  Efixxen places a strong emphasis on customer support, providing multiple channels for traders to seek assistance. Support options include:

  • Phone Support: Available at +18007500975
  • Email Support: Reachable at support@efixxen.com
  • Online Chat: For immediate assistance during business hours
  • Social Media: Limited presence with minimal engagement

  The support team operates 24/5, ensuring that traders can receive assistance during weekdays. However, the lack of multilingual support may pose challenges for non-English speaking clients.

  In terms of educational resources, Efixxen offers a range of materials, including market analysis reports and tutorials. However, the availability and depth of these resources may vary, and traders are encouraged to utilize external educational platforms to enhance their trading knowledge.

  

8. Regional Coverage and Restrictions

  Efixxen primarily serves clients in various regions, focusing on markets with high trading activity. However, the broker does not accept clients from certain countries, including the USA, Iran, North Korea, and Syria. This limitation may be due to regulatory restrictions and compliance with international laws.

  The broker's operational focus on specific regions allows it to tailor its services to meet the unique needs of its clients. However, potential traders should be aware of the restrictions and ensure that they are eligible to open an account with Efixxen.

  In conclusion, Efixxen presents itself as a versatile broker offering a range of trading products and services. While the broker emphasizes security and customer support, the lack of regulatory oversight raises concerns for potential clients. Traders considering Efixxen should conduct thorough research and weigh the risks associated with trading through an unregulated entity.

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Latest Reviews

Peverell Fongemie

Peverell Fongemie

France

Investing in stocks on efixxen was a wise choice. Withdrawals are fast, and customer support is always there to resolve issues. A secure platform.

Positive

2024-01-02

Saber Laux

Saber Laux

France

Currency investments with efixxen are profitable. Withdrawals are fast, and customer service is responsive. I feel confident with this platform.

Positive

2024-01-02

Marlon Cartier

Marlon Cartier

France

My stock investments with efixxen are successful. Withdrawals are fast, and customer support is always ready to help. A reliable and secure platform.

Positive

2024-01-02

Efixxen Forex Broker has an overall rating of 1.34, Regulatory Index 0.00, License Index 0.00, Business Index 5.68, Software Index 4.00 Risk Control Index 0.00.