FURION GLOBAL Forex Broker

Feature Details Company Name Furion Global Registered Country/Area Australia Founded Year 2019 Regulation Unregulated Minimum Deposit $100 Maximum Leverage 1:500 Spreads Floating Trading Platforms MT4, MT5 Tradable Assets Forex, CFDs, Cryptocurrencies Account Types Standard, VIP Demo Account Yes Customer Support 24/7 live chat, email, phone Deposit & Withdrawal Credit/debit cards, wire transfer, Skrill, Neteller Educational Resources Trading tutorials, webinars, economic calendar Overview Furion Global is a trading company based in Australia. It was founded in the year 2019. The company offers a range of tradable assets including Forex, CFDs, and Cryptocurrencies. To begin trading with Furion Global, a minimum deposit of $100 is required. The maximum leverage the company provides is 1:500 and the spreads are floating. The trading platforms that can be used are MT4 and MT5. Furion Global offers two types of accounts - Standard and VIP and also offers the opportunity to try out trading with a Demo account. Their customer support is available 24/7 via live chat, email, or phone. As for deposit and withdrawal methods, Furion Global accepts credit/debit cards, wire transfer, Skrill, and Neteller. The company also provides some educational resources such as trading tutorials, webinars, and an economic calendar to help traders understand the market better. Pros and Cons Pros Cons Wide range of tradable assets Unregulated Offers a demo account for practice The spreads are floating Good customer support Only two types of accounts available Provides educational resources for trading knowledge Pros: - Wide range of tradable assets. This means that you can trade a variety of financial instruments, such as stocks, commodities, currencies, and cryptocurrencies. This can give you more opportunities to make profits. - Offers a demo account for practice. This is a great way to learn how to use the platform and test out your trading strategies before you risk any real money. - Good customer support. This is important if you have any questions or problems with the platform. - Provides educational resources for trading knowledge. This can help you learn more about trading and improve your chances of success. Cons: - Unregulated. This means that the platform is not subject to the same regulations as regulated platforms. This could make it more risky to use, as there is less protection for investors. - The spreads are floating. This means that the difference between the buy and sell price of an asset is constantly changing. This can make it difficult to make profits, especially if you are a beginner trader. - Only two types of accounts are available. This means that you may not have the flexibility to choose the account that best suits your needs. Regulatory Status Furion Global is not regulated by any financial authority. This means that it is not subject to the same regulations as other financial institutions. This could make it more risky to use, as there is less protection for investors. Some investors may be concerned about the lack of regulation, as it could make it easier for Furion Global to engage in unethical or fraudulent practices. Additionally, if Furion Global were to go bankrupt, investors may have difficulty recovering their losses. However, Furion Global claims that it is a legitimate company and that it is committed to providing its customers with a safe and secure trading environment. The company also states that it has a number of safeguards in place to protect its customers' funds. Ultimately, the decision of whether or not to use Furion Global is up to each individual investor. Investors should carefully consider the risks and rewards before making a decision. Market Instruments Furion Global offers a wide range of market instruments, including: Forex: Currency pairs such as straight and cross Cryptocurrencies: You can trade a variety of cryptocurrencies on Furion Global, including Bitcoin, Ethereum, and Litecoin. Precious metals: Gold, platinum andother preciousmetals Bulky Goods: Agricultural and sideline productsmetal products.chemical products Futures: Commodity futuresindex futures.precious metalsfutures, etc. Digital currency: Coin trading.leverage trading, etc. The specific market instruments that are available to you will depend on your account type. For example, the Standard account only offers forex and CFDs, while the VIP account offers all of the market instruments listed above. Furion Global also offers a demo account that you can use to practice trading without risking any real money. This is a great way to learn about the different market instruments and how to trade them. Account Types Furion Global offers two account types, Standard and VIP. The Standard account has a minimum deposit of $100, a maximum leverage of 1:500, floating spreads, access to the MT4 and MT5 trading platforms, 24/7 customer support, and access to educational resources. The VIP account has a minimum deposit of $10,000, a maximum leverage of 1:200, tighter spreads, access to a dedicated account manager, exclusive trading signals, and faster withdrawals. The specific features and benefits of each account type may vary, so it is important to read the terms and conditions carefully before opening an account. Here is a table comparing the two account types: Account Type Standard Account VIP Account Minimum deposit 100 10000 Maximum leverage 1:500 1:200 Spreads Floating Tighter Trading platforms MT4, MT5 MT4, MT5 Customer support 24/7 24/7 Educational resources Trading tutorials, webinars Exclusive trading signals, faster withdrawals How to Open an Account？ To open an account with Furion Global, you will need to follow these steps: 1. Go to the Furion Global website and click on the “Open Account” button. 2. Fill out the online application form. 3. Provide proof of identity and address. 4. Make a minimum deposit of $100. 5. Wait for your account to be approved. Once your account is approved, you will be able to start trading. Leverage Furion Global offers a maximum leverage of 1:500 for its Standard account and 1:200 for its VIP account. Leverage is a way to magnify your trading profits or losses. A leverage of 1:500 means that you can control a position worth $500 with a deposit of only $100. It is important to note that leverage is a double-edged sword. It can magnify your profits, but it can also magnify your losses. If the market moves against you, you could lose more money than you deposited. Therefore, it is important to use leverage carefully and to only trade with funds that you can afford to lose. Spreads &Commissions Furion Global offers floating spreads on its Standard account and fixed spreads on its VIP account. Floating spreads are the difference between the bid and ask prices of an asset. The bid price is the price at which you can buy an asset, and the ask price is the price at which you can sell an asset. Floating spreads can vary depending on market conditions. Fixed spreads are the same for all trading sessions. They are typically wider than floating spreads, but they can offer more stability. Furion Global does not charge any commissions on its Standard account. However, it does charge a commission of $2 per side on its VIP account. Here is a table comparing the spreads and commissions of Furion Global's two account types: Account Type Spreads Commissions Standard Floating None VIP Fixed $2 per side It is important to note that the spreads and commissions of Furion Global may change at any time. It is always best to check the latest fees before you start trading. Trading Platform Furion Global offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These are the most popular trading platforms in the world and are used by millions of traders. MT4 and MT5 are both powerful platforms that offer a wide range of features, including: -Charting tools: MT4 and MT5 offer a variety of charting tools, such as candlestick charts, line charts, and bar charts. You can also use these tools to add technical indicators to your charts. -Trading tools: MT4 and MT5 offer a variety of trading tools, such as order types, stop losses, and take profits. You can also use these tools to automate your trading. -Analysis tools: MT4 and MT5 offer a variety of analysis tools, such as news feeds, economic calendars, and research reports. You can use these tools to make informed trading decisions. Deposit & Withdrawal Furion Global offers the following deposit and withdrawal methods: -Credit/debit cards: There is a processing fee of 2.9% + $0.30 for credit/debit card deposits. -Wire transfer: There is a processing fee of $25 for wire transfer deposits and withdrawals. -Skrill: There is a processing fee of 1.9% for Skrill deposits and withdrawals. -Neteller: There is a processing fee of 1.9% for Neteller deposits and withdrawals. The minimum deposit amount is $100, and the maximum deposit amount varies depending on the payment method. The minimum withdrawal amount is $200, and the maximum withdrawal amount varies depending on the payment method. Payment Method Deposit Fee Withdrawal Fee Minimum Deposit Maximum Deposit Minimum Withdrawal Maximum Withdrawal Credit/debit cards 2.9% + $0.30 2.9% + $0.30 $100 Varies $200 Varies Wire transfer $25 $25 $100 Varies $200 Varies Skrill 1.90% 1.90% $100 Varies $200 Varies Neteller 1.90% 1.90% $100 Varies $200 Varies It is important to note that the fees of Furion Global may change at any time. It is always best to check the latest fees before you start trading. Customer Support Furion Global offers customer support 24/7 via live chat, email, and phone. The customer support team is available in multiple languages, including English, Chinese, Japanese, and Korean. Here are some of the things you can do if you need customer support from Furion Global: - Live chat: You can chat with a customer support representative in real time. This is the fastest way to get help. - Email: You can send an email to the customer support team. This is a good option if you need to provide more detailed information about your issue. - Phone: You can call the customer support team. This is a good option if you need to speak to someone immediately. Educational Resources Furion Global offers a variety of educational resources to help you learn about trading. These resources include: -Trading tutorials: Furion Global offers a variety of trading tutorials that cover topics such as how to open a trading account, how to use the trading platforms, and how to trade different assets. -Webinars: Furion Global offers a variety of webinars that are led by experienced traders. These webinars cover topics such as trading strategies, market analysis, and risk management. -Research reports: Furion Global provides research reports that analyze different markets and assets. -Demo account: Furion Global offers a demo account that you can use to practice trading without risking any real money. Conclusion Furion Global offers a broad array of tradable assets including Forex, CFDs, and Cryptocurrencies, along with valued features such as a demo account for practice, sound customer support, and educational resources for improving trading knowledge. However, the company does have a few downsides. It offers only two account types, limiting options for traders. The floating spreads can also unpredictably increase trading costs. Despite these disadvantages, Furion Global remains a competitive choice offering good service features and a range of assets for trade. FAQs Q: What types of assets can be traded with Furion Global？ A: The trading options with Furion Global include Forex, CFDs, and Cryptocurrencies. Q: What is required to start trading with Furion Global？ A: Furion Global requires a minimum deposit of $100 for the initiation of live trading. Q: What customer support options does Furion Global offer？ A: Customer assistance at Furion Global is available 24/7 through live chat, email, and phone. Q: Does Furion Global provide any educational resources？ A: Yes, Furion Global provides numerous educational resources including trading tutorials, webinars, and an economic calendar. Q: How many types of accounts does Furion Global offer？ A: Furion Global offers two types of accounts for its traders - Standard and VIP.