FX77 Forex Broker

Fx77 Broker - Complete Information Guide

1. Broker Overview

　　Fx77, officially known as Fuji 77 Holding Group Limited, was established in 2013. The broker is headquartered in Auckland, New Zealand, at Room Suite 8, Level 12, 300 Queen Street, Auckland 1010. Fx77 operates as a private company focused on providing trading services primarily in the binary options market.

　　Over the years, Fx77 has developed a reputation for offering various trading instruments and has become increasingly popular among retail traders. The companys growth trajectory has been marked by key milestones, including the expansion of its asset offerings and enhancements to its trading platform. Fx77 broker caters to a diverse clientele, ranging from novice traders to experienced investors, ensuring that it meets the needs of various market participants.

　　Fx77 operates primarily in the retail forex sector, offering its clients access to a wide array of trading products, including forex, commodities, and indices. The broker's business model emphasizes ease of access and user-friendly services, making it a suitable option for traders looking to engage in the financial markets.

2. Regulation and Compliance Information

　　Fx77 is regulated by the Financial Service Provider (FSP) in New Zealand, which ensures that the broker adheres to strict operational guidelines. The regulatory number assigned to Fx77 is FSP 144749. The license is valid for the provision of financial services, ensuring that the broker operates within the legal frameworks established by the regulatory authority.

　　The broker's compliance with regulations includes maintaining a minimum capital requirement of NZD 1,000,000 or 10% of average income, alongside proper accounting practices for client funds. Fx77 implements robust client fund segregation policies, ensuring that customer deposits are held in separate accounts to enhance security.

　　Fx77 is also committed to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are essential for protecting both the broker and its clients from illicit activities. These measures include verifying the identity of clients and monitoring transactions for suspicious activities.

3. Trading Products and Services

　　Fx77 offers a comprehensive portfolio of trading products, featuring over 150 assets that include various currency pairs, indices, commodities, and stocks. The broker provides access to 22 currency pairs, enabling traders to engage in diverse forex trading strategies.

　　In addition to traditional forex trading, Fx77 offers contracts for difference (CFDs) across several categories, including commodities and indices. The broker also provides unique trading options such as "one touch", short-term, and standard binary options, catering to different trading preferences and risk appetites.

　　The product offering is regularly updated, ensuring that traders have access to the latest market instruments. Retail clients can take advantage of the trading services, while institutional clients may also find tailored solutions to meet their specific trading needs.

4. Trading Platforms and Technology

　　Fx77 supports the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and advanced trading tools. In addition to MT4, Fx77 has developed its proprietary web-based trading platform, allowing traders to access their accounts without the need for additional software installation.

　　The trading platform is compatible with various operating systems, including Windows, Mac, iOS, and Android, making it accessible to traders on multiple devices. The broker also offers mobile applications, enabling traders to manage their accounts and execute trades on the go.

　　Fx77 employs an Electronic Communication Network (ECN) execution model, which ensures that traders benefit from direct market access and tighter spreads. The broker's technological infrastructure includes secure servers located in strategic locations, enhancing the overall trading experience.

　　Additionally, Fx77 supports API integration, allowing traders to engage in automated trading strategies and access real-time market data.

5. Account Types and Trading Conditions

　　Fx77 offers various account types to cater to the diverse needs of its clients. The standard account requires a minimum deposit of $100, with a minimum trade size of $5. The broker provides competitive spreads and commissions, although specific details may vary based on market conditions.

　　For more experienced traders, Fx77 also offers VIP and professional accounts, which may include additional features such as lower spreads, higher leverage options, and personalized support. The broker accommodates clients seeking Islamic accounts, ensuring that all trading conditions comply with Sharia law.

　　Traders can leverage up to 1:400, depending on the asset class, which allows for enhanced trading potential. The minimum trading lot size is flexible, enabling clients to manage their risk effectively.

6. Fund Management

　　Fx77 provides a variety of deposit methods, including bank transfers, credit cards, and e-wallets. The minimum deposit requirement varies by account type, with the standard account starting at $100.

　　Deposits are processed swiftly, typically within 1-2 business days, ensuring that clients can access their funds without delay. While there are generally no deposit fees, specific payment methods may incur charges, which are outlined in the broker's fee schedule.

　　Withdrawals can be made using similar methods, and the broker ensures that withdrawal requests are processed promptly, typically within 1-3 business days. The minimum withdrawal amount is set at $20, and the fee structure for withdrawals is competitive, with lower fees for VIP clients.

7. Customer Support and Educational Resources

　　Fx77 offers a robust customer support system, providing assistance via phone, email, and live chat. The support team is available during business hours, ensuring that clients receive timely responses to their inquiries.

　　The broker supports multiple languages, including English, Spanish, Indonesian, Arabic, Malaysian, and Vietnamese, catering to a diverse client base.

　　In terms of educational resources, Fx77 provides a range of materials, including webinars, tutorials, and e-books to help traders enhance their skills. Additionally, the broker offers market analysis services, including daily reports and research updates, to keep clients informed about market trends.

　　Fx77 also equips traders with various trading tools, such as calculators and economic calendars, which are essential for effective trading strategies.

8. Regional Coverage and Restrictions

　　Fx77 primarily serves clients in the Asia-Pacific region, along with markets in Europe and North America. The broker has established a strong presence in these regions, supported by local offices.

　　However, there are specific countries and regions from which Fx77 does not accept clients, including jurisdictions with stringent regulatory requirements or where the broker is prohibited from operating. Detailed information regarding these restrictions is available on the broker's website.

　　In conclusion, Fx77 broker has positioned itself as a reputable player in the binary options market, offering a comprehensive suite of trading products and services. With a commitment to regulatory compliance and a focus on customer support, Fx77 continues to cater to the diverse needs of traders worldwide.