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

FXSuit Forex Broker

Basic Information

Registered Region
Bermuda
Operating Period
--
Company Name
Salvax Limited.
Abbreviation
FXSuit
Company employee
--
Customer Service Email Address
support@fxsuit.com
Contact Number
+4402075235320
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

General Information & Regulation FX Suit is forex brokerage registered in Bermuda. The company behind the brokerage is registered with the name – Salvax Limited. The company is based in Bermuda which is an UK territory overseas in the North Atlantic Ocean. It also owns and operated the broker brand Navitas Markets. The government of Bermuda does not regulate Forex trading. We can safely conclude that the brokerage does not comply with any regulatory rules. Risk Warning An offshore location always brings with it unnecessary risk for traders because in case of fraud they have no authority for complaints, nor access to any sort of financial compensation scheme. Markets Instruments FXSuit offers 83 forex pairs with many exotic currencies like the Brazilian Real, Singapore Dollar, Norwegian Krone, Swedish Krona, Danish Krone, Hong Kong Dollar, Hungraina Forint, Polish Zloty, Czech Krona, South African Rand, Mexican peso, Turkish Lira, Russian Rubble and Chinese Yuan. Apart form those, while checking FXSuit trading platform we cam across a number of CFDs on spot metals like gold, silver, platinum and palladium, various agricultural and energy commodities like soybeans, wheat, coffee, cocoa, rice, sugar cotton, corn, copper, natural gas and oil, some 17 indices, stocks and even crypto coins – Bitcoin, Ethereum, Ripple and Litecoin. Besides, here you may also check our list of brokers, trading with Bitcoin CFDs: Minimum Deposit You can start trading with FXSuit with just a few dollars and that is great. However, since FXSuit is an unregulated broker, it is unsafe to register real trading accounts here. Leverage After leverage levels were caped throughout Europe, following similar moves by the regulators in the US and Japan, leverage as high as 1:500 as offered by FXSuit has become quite rare. Still, keeping in mind the risks associated with the higher leverage. Spreads & Commissions The spread on the EUR/USD pair is from 2.5 pips, higher than the industry standard, not a competitive pricing. Trading Platform Available FXSuit supports MetaTrader4 and this is another positive point. The platform is well known to traders – both professional and beginner. It features numerous market indicators and customizable trading bots, enabling you to run automated trading sessions. Also, the platform is light, with user-friendly interface and various charting tools. Deposit& Withdrawal Potential clients of the brokerage may deposit or withdraw via the standard Visa and MasterCard, as well as popular e-wallets such as Skrill and Neteller, FasaPay, as well as DotPay. Furthermore, there are withdrawal fees for the different payment gateways. Withdrawals via credit/debit cards are charged 2 euro per transaction while withdrawals via bank wire are charge-free. E-wallets Skrill, Neteller and FASAPAY are incurred the following fees respectively: 1 percent, 2 percent and 0.5 percent. DotPay is also charge-free.

Rating Index

STANDARD

Minimum Deposit
$100

GOLD

Minimum Deposit
$25,000

  

Kwillow International Forex Broker - Complete Information Guide

  

1. Broker Overview

  Kwillow International Limited, established within the last year, is a forex broker headquartered in Japan. The company operates as a private entity and primarily serves retail clients interested in foreign exchange trading. Kwillow International has quickly gained recognition in the financial trading industry, offering a platform for trading various financial instruments, including forex, commodities, indices, rare metals, and cryptocurrencies.

  The company's development has been marked by its commitment to providing traders with access to a wide range of financial products and services. Although Kwillow International is a relatively new player in the market, it has made significant strides in establishing its presence in Asia and beyond. The broker's business model focuses on retail forex trading, catering to individual investors looking for opportunities in the global financial markets.

  Kwillow International operates under the umbrella of Kwillow Group, which has expanded its influence by establishing branches in various regions, including Eastern Europe, South America, and Asia. This expansion reflects the company's ambition to provide comprehensive trading solutions to a diverse customer base.

  

2. Regulatory and Compliance Information

  Kwillow International operates without any valid regulatory oversight, which raises significant concerns regarding the protection of its clients. The broker claims to hold a license from the National Futures Association (NFA) in the United States, with a license number of 0555175. However, there are suspicions surrounding the authenticity of this regulation, as it has not been verified by credible sources.

  The lack of regulation means that Kwillow International is not subject to the same stringent compliance standards that regulated brokers must adhere to. This includes the absence of customer fund segregation policies, which are crucial for ensuring the safety of client investments. Furthermore, Kwillow International does not participate in any investor compensation schemes, leaving clients vulnerable in the event of financial disputes or broker insolvency.

  To mitigate risks, Kwillow International implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, although the effectiveness of these measures is questionable given the absence of regulatory oversight. Potential customers are advised to exercise caution and conduct thorough research before engaging with Kwillow International.

  

3. Trading Products and Services

  Kwillow International offers a diverse range of trading products designed to meet the needs of various traders. The broker provides access to numerous forex currency pairs, allowing traders to capitalize on fluctuations in exchange rates. Additionally, Kwillow International offers Contracts for Difference (CFDs) on various asset classes, including:

  • Indices: Major stock market indices from around the world.
  • Commodities: Precious metals like gold and silver, energy products such as oil and natural gas, and agricultural commodities.
  • Rare Metals: Trading opportunities in metals like palladium and platinum.
  • Cryptocurrencies: A selection of digital currencies, including Bitcoin, Ethereum, and Litecoin.

  Kwillow International frequently updates its product offerings to include new financial instruments, ensuring that traders have access to the latest market opportunities. The broker's retail trading services are complemented by various account types tailored to different trading styles and preferences.

  

4. Trading Platform and Technology

  Kwillow International utilizes the AppGlobalEasy trading platform, which is known for its advanced features and user-friendly interface. This platform supports both MetaTrader 4 and MetaTrader 5, providing traders with access to powerful analytical tools and real-time market data.

  The AppGlobalEasy platform offers:

  • Web-based Trading: Accessible from any device with an internet connection.
  • Mobile Application: Available for both iOS and Android, allowing traders to manage their accounts on the go.
  • Execution Modes: Kwillow International operates on an ECN model, ensuring direct market access and competitive pricing.

  The broker's technical infrastructure is designed to provide robust connectivity with liquidity providers, facilitating fast order execution and minimizing slippage. Additionally, Kwillow International supports API access for automated trading, catering to algorithmic traders seeking to implement their strategies efficiently.

  

5. Account Types and Trading Conditions

  Kwillow International offers several account types to accommodate the diverse needs of its clients. The following are key features of the accounts available:

  • Standard Account: Requires a minimum deposit of $1,000, with leverage up to 1:300. Specific spreads and commissions are not disclosed.
  • VIP and Professional Accounts: Tailored for experienced traders, offering enhanced features and potentially lower trading costs.
  • Islamic Accounts: Available for clients adhering to Sharia law, ensuring compliance with Islamic finance principles.
  • Demo Accounts: Allow potential clients to practice trading without financial risk.

  Kwillow International imposes a minimum trade size of 0.01 lots, and overnight fees apply to positions held beyond the trading day. The broker's leverage options provide flexibility, allowing traders to adjust their risk exposure according to their individual trading strategies.

  

6. Fund Management

  Kwillow International supports various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement for most accounts is set at $1,000, which may be a barrier for traders with limited capital.

  • Deposit Processing Time: Typically processed within a few hours, depending on the payment method used.
  • Deposit Fees: Kwillow International does not charge fees for deposits; however, third-party fees may apply.
  • Withdrawal Methods: Clients can withdraw funds via bank transfer and other methods, subject to certain limitations.
  • Withdrawal Processing Time: Generally completed within a few business days, but delays may occur depending on the method chosen.
  • Withdrawal Fees: Specific fee structures for withdrawals are not disclosed, raising concerns about transparency.

  

7. Customer Support and Educational Resources

  Kwillow International provides customer support through multiple channels, including telephone, email, and social media. The support team is available to assist clients with inquiries related to their trading accounts and services.

  • Service Hours: Customer support operates during standard business hours, with limited availability on weekends.
  • Language Support: The primary language of support is English, which may limit accessibility for non-English-speaking clients.
  • Educational Resources: Kwillow International offers various educational materials, including webinars, tutorials, and e-books, aimed at enhancing traders' knowledge and skills.
  • Market Analysis Services: Clients receive daily market analysis, news updates, and research reports to assist in making informed trading decisions.
  • Trading Tools: The broker provides useful tools such as calculators, economic calendars, and signal services to aid traders in their strategies.

  

8. Regional Coverage and Restrictions

  Kwillow International primarily serves clients in Japan and has expanded its reach to other regions, including parts of Asia, Eastern Europe, and South America. The broker operates several branch offices worldwide, allowing it to cater to a diverse clientele.

  • Major Markets: The broker focuses on retail clients interested in forex and other financial instruments.
  • Regional Offices: Kwillow International has established branches in various cities across Asia and Europe.
  • Restricted Countries: The broker does not accept clients from certain jurisdictions, although specific countries are not disclosed.
  • Special Restrictions: Detailed information on any additional restrictions is not provided, highlighting the need for potential clients to verify their eligibility.

  In conclusion, Kwillow International presents a range of trading opportunities for forex and CFD traders, although it operates without valid regulatory oversight. Potential clients should carefully consider the risks associated with trading through this broker and conduct thorough research before proceeding. The information provided herein aims to give a comprehensive overview of Kwillow International, enabling traders to make informed decisions.

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Latest Reviews

FX2324251575

FX2324251575

Paraguay

I have been cheated by FXSuit. Pay attention. They will make you profit for the first few days but then the money will be gone, just like magic.

Exposure

2021-06-24

FX7992656492

FX7992656492

Japan

Make customers lose money by spread

Exposure

2020-12-06

あ克哉

あ克哉

Japan

The spread was up to 4,000 pips at 7:00pm, October 26, making forced liquidation.

Exposure

2020-10-27

FXSuit Forex Broker has an overall rating of 1.56, Regulatory Index 0.00, License Index 0.00, Business Index 7.36, Software Index 4.00 Risk Control Index 0.00.