FXBrew Forex Broker

General Information FXBrew is allegedly a broker based in Saint Vincent and the Grenadines that provides its clients with the worlds most popular MetaTrader4 and MetaTrader5 trading platforms, leverage up to 500:1, low spreads and commissions on rich tradable assets, as well as a choice of three different account types and MAM/PAMM services. Market Instruments FXBrew advertises that it offers a wide range of trading instruments in financial markets, including forex pairs, CFDs on natural gas, oil, silver, gold, indices and cryptocurrencies of Bitcoin, Ethereum, Ripple and Litecoin. Account Types There are three live trading accounts offered by FXBrew, apart from demo accounts, namely Micro, ECN and VIP. Opening a Micro account requires the minimum initial deposit amount of only $5, while the other two account types with the much higher minimum initial capital requirements of $100 and $5,000 respectively. Leverage The maximum leverage ratio provided by FXBrew is much higher than most brokers, up to 500:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage. Spreads & Commissions Spreads and commissions are influenced by what type of accounts traders are holding. FXBrew reveals that the spreads in the Micro account start from 0.2 pips, and the clients on the ECN or VIP account enjoy raw spreads from 0 pips with a commission of $2/100K. Trading Platform Available When it comes to trading platforms available,FXBrew gives traders the most popular platforms in the industry: MetaTrader4 and MetaTrader5. MT4 and MT5 are known as the most successful, efficient, and competent forex trading software, both equipped with great charting packages, fast speed of execution and a convenient programming environment. While compared with MT4, MT5 allows users to trade with custom indicators and automated trading systems such as Expert Advisors, as well as trading in OTC products and exchange-traded stocks from one and the same account. Deposit & Withdrawal FXBrew accepts deposits and withdrawals via bank wire transfers, VISA, MasterCard, Neteller, Skrill, and Bitcoin. Customer Support FXBrew‘s customer support can be reached only by email: contactus@fxbrew.com. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address while most brokers offer.