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FX Pace foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.fxpace.com/en/register, about the company's legal and temporary regulatory information, the company's address .

FX Pace Forex Broker

Basic Information

Registered Region

Bermuda

Operating Period

Company Name

Salvax LTD

Abbreviation

FX Pace

Company employee

Customer Service Email Address

support@FXPace.com

Contact Number

+4402039362181

Company Website

https://www.fxpace.com/en

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Aspect Information Company Name FX Pace Registered Country/Area Bermuda Founded year 5-10 years Regulation Unregulated Market Instruments Currencies, Cryptocurrencies, CFDs (including gold, silver, stocks, commodities, futures) Account Types N/A Minimum Deposit $100 Maximum Leverage 500:1 Spreads N/A Trading Platforms MetaTrader 4 (MT4) Customer Support Phone+44 (0) 20 3936 2181, email at support@FXPace.com Deposit & Withdrawal Bank Wire (Bank Transfer/SWIFT) Overview of FX Pace FX Pace, headquartered in Bermuda, operates with a notable absence of regulatory oversight, potentially exposing traders to significant risks. Despite offering a wide range of trading assets, including currencies, cryptocurrencies, and CFDs, the platform suffers from accessibility issues, with users reporting an inaccessible official website. While it provides multiple contact options and employs the popular MT4 platform, potential withdrawal difficulties undermine its reliability. The platform's lack of regulation casts doubts on its credibility and transparency, posing challenges for traders seeking a secure and trustworthy trading environment. Regulatory Status FX Pace operates without regulatory oversight. This lack of supervision can lead to potential risks for investors. Without regulations in place, there's a higher chance of fraudulent activities, market manipulation, and unfair practices. Pros and Cons Pros Cons Wide asset range including over 80 currency pairs, 195+ CFDs covering gold, silver, stocks, commodities Official website inaccessible Multiple contact options Potential withdrawal issues MT4 platform Unregulated Pros: Wide asset range: FX Pace offers a wide selection of trading instruments, including over 80 currency pairs, 195+ CFDs covering gold, silver, stocks, commodities, and more, as well as cryptocurrencies. Multiple contact options: With options like phone support and multiple email addresses for different language preferences (e.g., English, Chinese, German, Japanese), users can seek assistance efficiently, addressing their inquiries promptly. MT4 platform: FX Pace utilizes the MetaTrader 4 (MT4) platform, a widely recognized and trusted trading software known for its user-friendly interface, advanced charting tools, and customizable features. Cons: Official website inaccessible: The inability to access the official website poses a significant hurdle for users, hindering their ability to perform essential functions such as account management, market research, and accessing educational resources. Potential withdrawal issues: Reports of potential withdrawal issues raise risks about users' ability to access their funds smoothly. Delays or difficulties in withdrawing funds can lead to frustration and mistrust among traders, impacting their confidence in the platform and potentially deterring new users from joining. This highlights the importance of transparent and reliable withdrawal processes in fostering trust and credibility within the trading community. Unregulated: FX Pace operates without regulatory oversight, leading to potential risks for investors. Market Instruments FX Pace offers trading a variety of trading assets, including: Currencies: Over 80 currency pairs are available for trading on FX Pace, providing access to major, minor, and exotic forex pairs. Cryptocurrencies: FX Pace offers trading in a variety of cryptocurrencies, allowing investors to trade popular digital assets like Bitcoin, Ethereum, and others. CFDs (Contracts for Difference): With over 195 CFDs, FX Pace enables trading in various markets including gold, silver, other precious metals, stocks, stock indexes, oil, other commodities, and futures. This broad range of CFDs offers investors opportunities to diversify their portfolios and potentially capitalize on market movements across various asset classes. Leverage FX Pace offers a maximum leverage of 500:1, allowing traders to amplify their positions significantly. This high leverage ratio enables traders to control larger positions with a smaller amount of capital, potentially amplifying both profits and losses in their trading activities. Trading Platform FX Pace exclusively employs the MetaTrader 4 (MT4) platform for trading activities. MT4 is a widely used and trusted platform in the financial industry, renowned for its user-friendly interface, advanced charting tools, customizable features, and compatibility with various devices, offering traders a friendly trading experience. Deposit & Withdrawal FX Pace facilitates deposits through Bank Wire (Bank Transfer/SWIFT), requiring a minimum deposit of $100 to open a live account. This method offers a secure and straightforward way for users to fund their trading accounts directly from their bank accounts. Customer Support For English support, FX Pace can be reached at +44 (0) 20 3936 2181. Additionally, users can contact customer support via email at support@FXPace.com. For specific language support, alternative email addresses are available: china.support@FXPace.com, germany.support@fxpace.com, and japan.support@fxpace.com. Exposure FX Pace has faced exposure related to pyramid scheme complaints and withdrawal issues, with users reporting difficulty in accessing their funds. One user highlighted risks about the platform's credibility, citing the absence of withdrawal options for an extended period and encountering difficulties in communication with customer service representatives. Such exposure not only undermines users' trust but also indicates potential risks associated with the platform's operations. Conclusion In conclusion, FX Pace presents both advantages and disadvantages for traders. On the positive side, it offers a wide range of trading instruments, including over 80 currency pairs, 195+ CFDs, and access to cryptocurrencies. Additionally, the platform provides a maximum leverage of 500:1, enhancing traders' ability to control larger positions. However, drawbacks such as the lack of regulatory oversight and accessibility issues with the official website raise risks. While the MetaTrader 4 (MT4) platform and multiple contact options contribute to user convenience, potential withdrawal difficulties and unspecified account types detract from the platform's overall appeal. FAQs Question: What trading instruments does FX Pace offer？ Answer: FX Pace provides access to over 80 currency pairs, 195+ CFDs covering various assets like gold, silver, stocks, commodities, and cryptocurrencies. Question: What is the maximum leverage available on FX Pace？ Answer: The maximum leverage offered by FX Pace is 500:1, allowing traders to amplify their positions significantly. Question: Is FX Pace regulated by any authority？ Answer: No, FX Pace operates without regulatory oversight, which may raise risks regarding investor protection and market integrity. Question: What are the available deposit methods on FX Pace？ Answer: FX Pace supports Bank Wire (Bank Transfer/SWIFT) for deposits, with a minimum deposit requirement of $100 to open a live account. Question: What trading platform does FX Pace use？ Answer: FX Pace exclusively employs the MetaTrader 4 (MT4) platform, known for its user-friendly interface and advanced trading tools. Question: How can I contact customer support at FX Pace？ Answer: You can reach FX Pace customer support via phone or email, with multiple email addresses available for different language preferences.

FX Pace broker review

Is FX Pace safe or scam

Rating Index

Live Fixed Spread Account

Minimum Deposit

$2,500

STP/ECN Zero Spread Account

Minimum Deposit

$25,000

FX Pace Forex Broker - Complete Information Guide

1. Broker Overview

　　FX Pace, operating under the name of Salvax Limited, is a forex broker that was established in 2019. The company is headquartered in Bermuda, and it operates as a private entity. FX Pace primarily serves retail traders across various global markets, offering a diverse range of trading instruments and services.

　　The broker has made significant strides in the forex trading industry since its inception, aiming to provide competitive trading conditions and a user-friendly platform. FX Pace is part of a group that includes other trading platforms, such as Navitas Markets and FX Suit, which share similar operational structures. This connection raises concerns about the regulatory status of FX Pace, as it operates within a framework that has been scrutinized for compliance issues.

　　FX Pace's business model focuses on retail forex trading, providing clients with access to a wide array of trading instruments, including currency pairs, commodities, and indices. The broker aims to cater to both novice and experienced traders, offering various account types and trading conditions.

2. Regulatory and Compliance Information

　　FX Pace claims to be registered under Salvax Limited with the registration number 53275 in Bermuda. However, according to various sources, including the Bermuda Monetary Authority (BMA), there is no verification of this registration, raising significant concerns about the broker's legitimacy.

　　The broker is not regulated by any major financial authority, which poses a risk to clients as their funds lack protection under any jurisdiction. Additionally, FX Pace has been flagged by the Comisión Nacional del Mercado de Valores (CNMV) in Spain for operating without authorization to provide investment services.

　　The broker does not participate in any investor compensation schemes, which further increases the risk for clients. FX Pace does not appear to implement robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, which are critical for ensuring the security and legality of trading operations.

3. Trading Products and Services

　　FX Pace offers a variety of trading products, including:

Forex Currency Pairs: Over 80 currency pairs are available for trading, covering major, minor, and exotic pairs.
CFD Products: The broker provides access to a wide range of CFDs, including:
Indices: Major global indices.
Commodities: Precious metals such as gold and silver, as well as energy products like oil.
Stocks: A selection of shares from various markets.
Cryptocurrencies: Limited offerings in digital currencies.

　　FX Pace continuously updates its product offerings, although specific details on the frequency of these updates are not readily available. The broker focuses primarily on retail trading services, but it does not appear to offer institutional client services or white-label solutions.

4. Trading Platforms and Technology

　　FX Pace predominantly utilizes the MetaTrader 4 (MT4) trading platform, a well-known platform in the forex industry. The MT4 platform is accessible via desktop, web, and mobile applications, providing traders with a versatile trading experience. The mobile application is available for both iOS and Android devices, allowing for trading on the go.

　　The broker operates under an ECN (Electronic Communication Network) model, which is designed to facilitate direct market access for traders. FX Pace claims to offer high-speed execution and competitive spreads, although the exact server locations and technological infrastructure details are not disclosed.

　　For automated trading, FX Pace supports the use of Expert Advisors (EAs), enabling traders to implement algorithmic trading strategies.

5. Account Types and Trading Conditions

　　FX Pace offers several account types to cater to different trading needs:

　　Standard Account:
　　Minimum Deposit: $100
　　Leverage: Up to 1:500
　　Spreads: Starting from 1.1 pips
　　Professional Account:
　　Minimum Deposit: $2,500
　　Leverage: Up to 1:500
　　Spreads: Starting from 0.7 pips
　　VIP Account:
　　Minimum Deposit: $25,000
　　Leverage: Up to 1:500
　　Spreads: Variable, typically lower than standard accounts.

　　FX Pace allows trading with a minimum lot size of 0.01 (micro lot). The broker does not charge commissions on trades, with costs being covered by the spreads. Additionally, overnight financing fees apply to positions held beyond the trading day.

6. Fund Management

　　FX Pace supports various deposit methods, including:

Bank Transfers
Credit/Debit Cards
E-wallets such as Neteller and Skrill.

　　The minimum deposit requirement varies across account types, starting from $100 for the standard account. Processing times for deposits can take up to 24 hours, depending on the method used, while bank transfers may take longer.

　　FX Pace does not charge any deposit fees, but specific withdrawal fees and processing times are not clearly outlined. Withdrawals are typically processed using the same method used for deposits, with processing times varying widely based on the payment method.

7. Customer Support and Educational Resources

　　FX Pace offers several customer support channels, including:

Email: support@fxpace.com
Phone: +44 (0) 20 3936 2181
Live Chat: Available during business hours.

　　The broker provides support in multiple languages, although specific language offerings are not detailed. Educational resources appear to be limited, with basic trading concepts, an economic calendar, and a FAQ section available on their website.

　　Market analysis services, including daily analysis and reports, are not explicitly mentioned, indicating a potential gap in educational support for traders.

8. Regional Coverage and Restrictions

　　FX Pace primarily serves clients from various regions worldwide, but it does not accept clients from certain jurisdictions, including the United States, Iran, Cuba, Sudan, Syria, and North Korea. The broker operates without regional offices, relying on its online platform to cater to its client base.

　　In conclusion, while FX Pace offers a range of trading products and competitive conditions, the lack of regulation and oversight raises significant concerns for potential clients. Traders are advised to conduct thorough research and consider the risks associated with trading through unregulated brokers.

　　In summary, FX Pace broker presents a mixed offering for traders, with opportunities for forex and CFD trading but significant risks due to its regulatory status and operational transparency.

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