English

FXTrade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://fxtrade.services/register, about the company's legal and temporary regulatory information, the company's address .

FXTrade Forex Broker

Basic Information

Registered Region

China

Operating Period

Company Name

FXTrade

Abbreviation

FXTrade

Company employee

Customer Service Email Address

support@fxtrade.services

Company Website

https://fxtrade.services/

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Feature FXtrade Company Name FXtrade Registered Country/Area London, United Kingdom Founded Year 2015 Regulation Unregulated Minimum Deposit $100 Maximum Leverage Up to 1:500 Spreads From 0.4 pips Trading Platforms Proprietary, MT4 Tradable Assets Forex, Indices, Commodities, Crypto CFDs Account Types Standard, Premium, VIP Demo Account Available Customer Support 24/5 Live Chat, Email, Phone Support Deposit & Withdrawal Multiple Deposit & Withdrawal Methods Educational Resources Trading Academy, Daily Analysis, Webinars, Technical & Fundamental Analysis, Economic Calendar, Trading Blog Overview of FXtrade FXtrade is an online foreign exchange and CFD trading broker that was founded in 2015 and headquartered in London, United Kingdom. FXtrade is unregulated , and this absence of regulation can pose substantial risks to traders. It provides access to over 50 currency pairs as well as CFDs on indices, commodities, stocks, and cryptocurrencies. Traders can open accounts in USD, EUR, and GBP with minimum deposits starting from $100 for a standard account. FXtrade offers three main account types - Standard, Premium, and VIP - with varying spreads, commissions, and access to trading tools. The broker's proprietary web-based trading platform provides advanced charting, technical indicators, risk management features, and algorithmic trading options. Mobile apps are available for Android and iOS devices, enabling traders to manage their accounts and execute trades on the go. Overall, FXtrade aims to offer competitive pricing, customer support, and a wide range of tradable products to meet the needs of active day traders and investors seeking diversity. Regulatory Information A significant point of concern for potential investors is the broker's unregulated status. It lacks oversight from major financial regulatory bodies. This absence of regulation can pose substantial risks to traders, as unregulated brokers often lack the stringent compliance and transparency standards set by established regulatory authorities. Investors dealing with unregulated entities may face challenges in seeking recourse in case of disputes or malpractices. Thus, it's imperative for traders to exercise caution and conduct comprehensive due diligence before engaging with such brokers. Pros and Cons Pros Cons High Leverage (up to 1:500) No Regulation Competitive Spreads (from 0.4 pips) Limited Trading Assets (50 FX pairs, 4 CFDs) Diverse Account Options Ethical Concerns Advanced Trading Platforms Substandard Proprietary Platform 24/5 Customer Support Unreliable Reputation Pros: High Leverage (up to 1:500): Allows controlling large positions with less capital Competitive Spreads (from 0.4 pips): Helps reduce overall trading costs Diverse Account Options: Standard, Premium, and VIP accounts suit different trader needs Advanced Trading Platforms: Proprietary web, mobile apps, MT4 with helpful tools 24/5 Customer Support: Assistance is available when issues arise Cons: No Regulation: Lack of oversight and investor protections Limited Trading Assets (50 FX pairs, 4 CFDs): Restricts ability to take advantage of opportunities Ethical Concerns: Opaque pricing, withdrawal issues, aggressive sales tactics Substandard Proprietary Platform: Lacks features offered on popular MT4/MT5 platforms Unreliable Reputation: Questionable trustworthiness without regulation Market Instruments FXtrade offers CFD trading on 50 forex currency pairs, 15 global stock index CFDs, 4 commodity CFDs, and 3 crypto CFDs. No exchange-traded assets, ETFs, bonds, or other derivatives appear to be offered at this time. The product range is limited compared to regulated brokers. Forex Currency Pairs Major pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF Minor pairs: EUR/GBP, EUR/CHF, GBP/JPY Exotic pairs: USD/SEK, USD/NOK, USD/TRY, USD/MXN A total of 50 currency pairs Indices CFDs Major indices: FTSE 100, S&P 500, Dow Jones, DAX 30, CAC 40 Asian indices: Nikkei 225, Shanghai Composite, Hang Seng Total of 15 global stock index CFDs Commodities CFDs Precious metals: Gold, Silver Energy: Crude Oil, Brent Oil Total of 4 commodity CFD products Cryptocurrency CFDs Major cryptos: Bitcoin, Ethereum, Litecoin Total of 3 crypto CFD products Account Types FXtrade offers Standard, Premium, and VIP account tiers with increasing minimum deposits, lower spreads, higher leverage, and additional features. The same tradable products are available across all accounts. Traders can select an account based on their deposit amount and desired tools and features. Feature Minimum Deposit Average EUR/USD Spread Maximum Leverage Trading Products Tools Standard $100 1.2 pips 1:30 Forex, Indices, Commodities, Crypto CFDs Basic charting, indicators, email support Premium $5,000 0.8 pips 1:500 Forex, Indices, Commodities, Crypto CFDs Advanced charting, auto-trading, faster support VIP $20,000 0.4 pips 1:500 Forex, Indices, Commodities, Crypto CFDs Premium analysis, account manager, 1-on-1 support How to Open an Account？ Opening an FXtrade account involves a quick online application, ID/address verification, and making an initial deposit to start trading. The process appears simple and can likely be completed fully online in a few minutes once documentation is prepared. Step 1 - Fill Online Application Provide personal info, contact details, make account choices Step 2 - Verify Identity Upload ID documents and proof of address for review Step 3 - Fund Your Account Deposit minimum amount via bank transfer or e-wallet Leverage FXtrade provides high leverage levels up to 1:500, allowing traders to control large positions with a small amount of capital. However, leverage also amplifies losses when trades move against you. Trading Product Maximum Leverage Major FX Pairs Up to 1:500 Minor FX Pairs Up to 1:200 Exotic FX Pairs Up to 1:100 Index CFDs Up to 1:100 Commodity CFDs Up to 1:100 Crypto CFDs Up to 1:20 Spreads and Commissions Spreads vary based on account type and market conditions, but FXtrade does not charge any commissions. Overall, spreads are competitive compared to the industry average. Lower costs allow traders to retain more profit from winning trades. Trading Product Typical Spread Major FX Pairs 0.4 - 1.2 pips Minor FX Pairs 0.8 - 2.5 pips Exotic FX Pairs 1.0 - 3.5 pips Index CFDs 0.4 - 1.0 points Commodity CFDs 0.06 - 0.40 points Crypto CFDs 0.001 - 0.005 points Trading Platform FXtrade provides its proprietary web and mobile platforms focusing on ease of use, as well as the advanced and highly customizable MT4 platform. This caters to both novice and experienced traders. Web Platform Advanced charting with 100+ indicators Price alerts and risk management tools Customizable layouts and timeframes Automated trading via Expert Advisors Available on desktop and mobile browser Mobile Apps (iOS & Android) Monitor positions and asset prices Execute trades and manage orders Advanced charting and indicators Customizable alerts and notifications Biometric logins for security MetaTrader 4 (MT4) Popular trading platform for technical analysis Advanced charting packages and custom indicators Trading automation via MQL4 Backtesting trading strategies Access to Expert Advisors and copy trading tools Deposit and Withdrawal FXtrade offers a range of deposit and withdrawal methods with no deposit fees. Withdrawals carry some fees for e-wallet payouts but are free for bank wire transfers. Processing is fastest through e-wallets, while bank wires take up to several business days. Overall, FXtrade provides competitive funding options compared to the industry. Feature Deposits Withdrawals Options Bank wire, e-wallets, debit/credit cards Bank wire, e-wallets Fees No fees No fee for bank wire; 2% fee for e-wallets Timing Instant for e-wallets; Up to 3 days for bank wire Up to 5 days for bank wire; 24 hours for e-wallets Customer Support FXtrade provides 24/5 customer support via live chat, email, and phone in multiple languages. 24/5 multilingual live chat accessible from the trading platforms and website Email support with guaranteed response within 24 hours Toll-free phone support in over 15 countries Dedicated account managers for VIP account holders Educational Resources FXtrade offers a suite of educational resources and trading tools to help clients improve their trading skills. The broker provides an extensive trading academy with beginner and advanced courses. Topics covered include technical and fundamental analysis, developing a trading plan, risk management, and psychology. Instruction is delivered through interactive e-courses, videos, quizzes, and webinars. For the market analysis, FXtrade offers daily commentary, live trading sessions, an economic calendar, and sentiment tools. There is also a regularly updated trading blog with insights, tips, and research. Comparison with Similar Brokers FXtrade offers high leverage and competitive spreads but lacks regulation. XTB and Forex.com provide more transparency and oversight as regulated brokers, though spreads are slightly higher. Brokers Regulation Spreads Leverage Trading Platforms Account Types Educational Resources FXtrade Unregulated From 0.4 pips Up to 1:500 Proprietary, MT4 Standard, Premium, VIP Trading academy, daily analysis XTB FCA, CySEC From 0.9 pips Up to 1:30 Proprietary, MT4/MT5 Standard, Pro, XTB RAW Trading academy, daily analysis Forex.com FCA, NFA From 0.8 pips Up to 1:50 Proprietary, MT4/MT5 Standard, Commission Trading courses, forecasts Conclusion In conclusion, FXtrade provides traders access to forex, indices, commodities, and crypto markets through an unregulated CFD brokerage. Key features include high leverage up to 1:500, competitive spreads from 0.4 pips, and a choice of proprietary and MT4 trading platforms. However, the lack of regulation means traders must conduct thorough due diligence regarding the broker's transparency, trustworthiness and risk management practices. While FXtrade advertises useful features for active trading, caution is warranted when dealing with an unregulated entity and assessing if the rewards outweigh the risks. FAQs Q: What is the maximum leverage available on crypto CFDs？ A: The maximum leverage on crypto CFDs like Bitcoin is 1:20. Q: Does FXtrade allow hedging of positions？ A: Yes, FXtrade allows traders to hedge positions and hold both buy and sell trades on the same instrument. Q: What trading platforms are available for algorithmic trading？ A: The MT4 platform supports algorithmic trading through Expert Advisors and MQL4. Q: How can I become a liquidity provider on the ECN account？ A: You will need a minimum account balance of $100K to qualify as a liquidity provider. Q: What is the minimum and maximum trade size allowed？ A: The minimum is 0.01 lots and the maximum is 500 lots per single trade.

FXTrade broker review

Is FXTrade safe or scam

Rating Index

How to login to FXTrade?

Fxtrade Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Fxtrade Account Registering for a Fxtrade account is the first step toward accessing their trading platform. Below are the detailed steps to guide you through t

Fxtrade Broker - Complete Information Guide

1. Broker Overview

　　Fxtrade, officially known as Fxtrade Capital, was established in 2015. The broker claims to be headquartered in London, United Kingdom, although there are discrepancies regarding its actual operational base. Fxtrade operates as a private entity, catering primarily to retail clients interested in trading forex and CFDs.

　　The broker has made a name for itself in the online trading community, attracting clients with promises of high leverage and a wide range of trading instruments. However, its development has been marred by various controversies, particularly concerning its regulatory status. Fxtrade's business model revolves around providing retail forex trading services, offering access to a variety of financial instruments including currency pairs, indices, commodities, and cryptocurrencies.

　　Despite its relatively recent entry into the market, Fxtrade has positioned itself as a competitive player, particularly in the realm of high-leverage trading. However, its unregulated status raises significant concerns about the safety of investor funds and the transparency of its operations.

2. Regulation and Compliance Information

　　Fxtrade is notably unregulated, which is a significant red flag for potential investors. The broker claims to be licensed by several regulatory bodies, including the U.S. Commodity Futures Trading Commission (CFTC), the Malta Financial Services Authority (MFSA), and the British Virgin Islands Financial Services Commission (FSC). However, a thorough investigation reveals that no records of Fxtrade exist in the registries of these agencies, indicating that the broker is misrepresenting its regulatory status.

　　Regulatory Bodies:
　　U.S. Commodity Futures Trading Commission (CFTC)
　　Malta Financial Services Authority (MFSA)
　　British Virgin Islands Financial Services Commission (FSC)
　　Regulatory Numbers: Not applicable as the claims are false.
　　Licenses: Fxtrade does not hold any valid licenses.
　　Client Fund Segregation: There is no indication that Fxtrade maintains segregated accounts for client funds, which is a standard practice among regulated brokers to protect clients' money.
　　Investor Compensation Fund: Fxtrade does not participate in any investor compensation schemes, leaving clients without recourse in the event of financial misconduct.
　　KYC and AML Compliance: The broker's practices regarding Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance are unclear, raising further concerns about its operational integrity.

　　Given these factors, potential clients should exercise extreme caution when considering Fxtrade as their trading broker.

3. Trading Products and Services

　　Fxtrade offers a variety of trading products, primarily focused on forex and CFDs.

　　Forex Currency Pairs: The broker provides access to over 50 currency pairs, including major, minor, and exotic pairs. Some of the primary pairs include EUR/USD, USD/JPY, and GBP/USD.
　　CFD Product Categories: Fxtrade offers CFDs on:
　　Indices: Major global indices such as the S&P 500 and FTSE 100.
　　Commodities: Including precious metals like gold and silver, as well as energy products like crude oil.
　　Stocks: Limited access to stock CFDs is available.
　　Cryptocurrencies: Trading options for major cryptocurrencies like Bitcoin and Ethereum.
　　Unique Trading Instruments: While Fxtrade advertises a diverse range of products, the actual offering is limited compared to regulated brokers.
　　Product Update Frequency: Information regarding the frequency of updates or additions to their product range is not disclosed.
　　Retail Trading Services: Fxtrade primarily serves retail clients, providing them with access to high-leverage trading opportunities.
　　Institutional Client Services: There is no clear indication that Fxtrade offers services specifically tailored for institutional clients.
　　White Label Solutions: No information is available regarding white-label solutions or asset management services.

　　Overall, while Fxtrade presents a wide array of trading instruments, the lack of regulation and transparency raises questions about the reliability of these offerings.

4. Trading Platforms and Technology

　　Fxtrade claims to support popular trading platforms, notably MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

　　MetaTrader Support: Fxtrade states that it offers both MT4 and MT5, which are widely recognized for their advanced charting capabilities and user-friendly interfaces.
　　Proprietary Platform Details: There is limited information available about any proprietary trading platform that Fxtrade may offer.
　　Web-Based Trading Platform: The broker provides a web-based trading interface, but details about its features and usability are not extensively covered.
　　Mobile Applications: Fxtrade reportedly offers mobile applications for both iOS and Android devices, allowing traders to manage their accounts on the go.
　　Execution Models: The broker's execution model is not clearly defined, creating uncertainty about whether it operates on an ECN, STP, or Market Making basis.
　　Server Locations and Infrastructure: Information regarding the locations of Fxtrade's servers and the underlying technology infrastructure is not disclosed.
　　API Access and Automated Trading Support: There is no mention of API access or support for automated trading strategies, which are essential features for many traders.

　　Given the uncertainties surrounding its trading platforms, potential clients should be cautious and consider these factors when evaluating Fxtrade as their trading broker.

5. Account Types and Trading Conditions

　　Fxtrade offers several account types designed to cater to different trading needs.

　　Standard Account Conditions:
　　Minimum Deposit: $100 for the standard account.
　　Spreads: Average spreads start from 0.4 pips, but this can vary based on market conditions.
　　Commissions: Fxtrade does not charge any commissions on trades.
　　Advanced Account Types:
　　Premium and VIP Accounts: These accounts typically require higher minimum deposits ($5,000 for premium and $20,000 for VIP) and offer lower spreads and additional features.
　　Special Accounts: There is no indication that Fxtrade offers Islamic accounts or corporate accounts.
　　Demo Account Policy: Fxtrade provides a demo account, enabling users to practice trading without risk.
　　Leverage Ratios: The broker offers leverage ratios of up to 1:500, allowing traders to control larger positions with a smaller amount of capital.
　　Minimum Trade Size: The minimum trade size is 0.01 lots, which is standard in the industry.
　　Overnight Fees Policy: Information regarding overnight fees or swap rates is not clearly provided.

　　With various account options available, traders should carefully consider their individual trading strategies and risk tolerance before opening an account with Fxtrade.

6. Fund Management

　　Fxtrade provides several options for fund management, although details are somewhat limited.

　　Supported Deposit Methods: The broker accepts deposits primarily through cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Traditional methods like bank transfers and credit cards are not specified.
　　Minimum Deposit Requirements:
　　Standard Account: $100
　　Premium Account: $5,000
　　VIP Account: $20,000
　　Deposit Processing Times: Deposits made via cryptocurrencies are typically processed instantly, while traditional methods may take longer.
　　Deposit Fees: Fxtrade does not specify any deposit fees, which is a common practice among brokers.
　　Withdrawal Methods and Restrictions: Withdrawals are also processed through cryptocurrencies, but specific details regarding withdrawal limitations are not provided.
　　Withdrawal Processing Times: Withdrawal requests may take up to several business days to process, depending on the method used.
　　Withdrawal Fee Structure: Information regarding withdrawal fees is not disclosed, which is a common concern among unregulated brokers.

　　Given the reliance on cryptocurrencies for transactions, potential clients should be aware of the risks associated with such methods, particularly regarding the irreversibility of crypto transactions.

7. Customer Support and Educational Resources

　　Fxtrade offers various customer support channels to assist clients.

　　Support Channels: Clients can reach out for support via email, live chat, and potentially phone, although specific contact details are not provided.
　　Service Hours and Time Zone Coverage: The broker claims to provide support 24/5, although the exact time zone coverage is not specified.
　　Multilingual Support: Information about the languages supported by Fxtrade is not explicitly stated.
　　Educational Resources: Fxtrade provides a range of educational resources, including webinars, tutorials, and market analysis reports to help traders improve their skills.
　　Market Analysis Services: The broker offers daily market commentary and insights, although the depth of these resources is not detailed.
　　Trading Tools: Basic trading tools such as calculators and economic calendars are likely available, but specifics are not provided.

　　While Fxtrade appears to offer some educational resources, the lack of clarity regarding support and the quality of these resources raises concerns about the overall trader experience.

8. Regional Coverage and Restrictions

　　Fxtrade operates primarily in the European and Asian markets, although its exact regional coverage is not clearly defined.

　　Main Service Markets: The broker targets retail traders globally, with a specific focus on regions with less stringent regulatory environments.
　　Regional Offices: There is no information available regarding the presence of regional offices outside its claimed headquarters in London.
　　Countries Not Accepted: Specific countries or regions from which Fxtrade does not accept clients are not disclosed, which is typical for unregulated brokers.
　　Special Restrictions: There are no specific restrictions mentioned, but the broker's unregulated status may imply limitations in certain jurisdictions.

　　In conclusion, while Fxtrade presents itself as a comprehensive trading platform, the lack of regulation and transparency raises significant concerns for potential investors. The broker's offerings and services may appeal to some traders, but caution is strongly advised given the associated risks.

FXTrade Similar Brokers

Gms

Best brokers