FX Pace Forex Broker

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.