FXE88, officially known as 融汇亚洲, is a financial services company established in 2018. The broker is headquartered in Hong Kong, specifically at RM 4405-06, 44/F, Hopewell Center, 183 Queen's Road East, Wan Chai, HK. FXE88 operates as a private entity, providing trading services primarily to retail clients interested in foreign exchange and precious metals.
The company has carved a niche in the trading market, focusing on precious metals spot trading, including gold and silver. Since its inception, FXE88 has aimed to offer a user-friendly trading platform and a range of financial products to its clients. However, it is essential to highlight that the broker has faced scrutiny regarding its regulatory status, with claims of operating under clone licenses from the Securities and Futures Commission (SFC) of Hong Kong.
FXE88s business model encompasses offering retail forex trading services, allowing clients to engage in spot trading of precious metals. The broker has developed its operations to cater to the growing demand for online trading, particularly in the Asian markets.
FXE88 claims to be regulated by the Securities and Futures Commission (SFC) of Hong Kong, with licenses numbered ACJ 776 and AAP 057. However, these licenses have been identified as clone licenses, raising significant concerns regarding the legitimacy of the broker's regulatory compliance.
The broker's operations are based in Hong Kong, which has specific regulations governing financial services. However, FXE88 does not appear to meet the stringent requirements set forth by the SFC for operating as a legitimate broker.
Client funds are reportedly held in segregated accounts, a standard practice aimed at protecting investor capital. However, the lack of a robust regulatory framework and the clone status of its licenses mean that there are no guarantees regarding the safety of funds. FXE88 does not participate in any investor compensation schemes, which further exacerbates the risks involved for potential traders.
The broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, although the effectiveness of these measures is questionable given the overall regulatory concerns surrounding the firm.
FXE88 offers a variety of trading products focused primarily on precious metals and forex currency pairs. The broker provides access to several major currency pairs, allowing traders to engage in spot trading. The primary currency pairs offered include:
In addition to forex trading, FXE88 specializes in Contracts for Difference (CFDs) on precious metals, including gold and silver. However, the broker does not appear to offer a wide range of CFDs on other asset classes such as indices, stocks, or cryptocurrencies, limiting the trading options for clients.
The frequency of product updates and the introduction of new trading instruments have not been explicitly detailed in the available information. FXE88 primarily focuses on retail trading services, with no significant offerings for institutional clients or white-label solutions.
FXE88 utilizes the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and comprehensive trading tools. The platform supports various devices, including desktop, web, and mobile applications for both iOS and Android, ensuring traders can access the markets conveniently.
The broker provides a web-based trading platform, allowing clients to execute trades and manage their accounts without needing to download software. However, there is no indication of a proprietary trading platform developed by FXE88.
FXE88 operates its servers primarily in China, which may affect the trading experience for clients outside this region, particularly regarding latency and execution speed. The broker supports automated trading through the MT4 platform, enabling users to implement trading algorithms and strategies.
FXE88 offers different account types to cater to various trading needs. The standard account conditions include:
The broker also offers a demo account, allowing potential clients to practice trading without financial risk. The demo account is designed for users to familiarize themselves with the platform and its features.
Leverage ratios offered by FXE88 are not clearly defined in the available information, but traders should be aware of the potential risks associated with high leverage in forex trading. The minimum trade size and overnight fees have not been explicitly outlined, which may affect trading strategies for potential clients.
FXE88 provides several deposit methods for clients to fund their trading accounts. These methods may include:
The minimum deposit requirement for opening an account is HKD 10,000 for corporate clients. The processing time for deposits is generally prompt, but specific details regarding processing times and fees are not provided.
For withdrawals, FXE88 claims that funds will be credited to the designated bank account within approximately two working days after a withdrawal request is submitted. However, clients should be aware of potential handling fees, particularly if a significant portion of the deposit remains unused in trading.
FXE88 offers multiple customer support channels, including:
The broker's support services are available primarily in Simplified Chinese, catering to its main client base. However, there is limited information regarding the operational hours and response times for customer inquiries.
In terms of educational resources, FXE88 provides some materials, including an investment classroom and online tutorials. These resources cover fundamental trading concepts and technical analysis, aimed at helping beginners understand the financial markets. However, the depth and variety of educational content appear limited compared to other brokers.
FXE88 primarily serves clients in Hong Kong and potentially other regions in Asia. However, the broker does not accept clients from certain countries, including the United States and other jurisdictions that may have stricter regulatory requirements.
The broker's operations are focused on providing services within the Asian markets, and it does not appear to have a significant presence in Europe or North America. Specific restrictions and limitations on trading activities may apply based on the client's location.
In conclusion, FXE88 is a Hong Kong-based forex broker that offers trading primarily in precious metals and forex pairs. However, potential clients should exercise caution due to the broker's clone regulatory status and the associated risks. It is essential for traders to conduct thorough research and due diligence before engaging with FXE88.
FX1744779959
Chile
The prices lost control and caused great losses to me, which accounted for 100.000 pesos. Please help.
Exposure
2021-08-19