FxZone Forex Broker

Since FxZones official website (https://www.fxzoneltd.com/) cannot be opened for now, we could only piece together the rough picture of this forex broker by gathering relevant information from other official websites. General Information FxZone presents itself as a forex broker providing easy access to various trading instruments. With the FxZone platform, traders have the flexibility to choose from three trading accounts, Standard, Pro and Premium. Since FxZone‘s official website cannot be opened for now, we could not obtain more information about this broker’s trading assets, spreads and commissions, trading platform, and more. FxZone is not authorized or regulated by any regulatory authority. Please be aware of the risk, as trading with an unregulated forex broker is taking huge risk of losing your money. Account Types Three trading accounts are available with the FxZone platform: Standard, Pro, and Premium. To open a Standard account, the minimum deposit is not disclosed, and the maximum deposit is 10,000. The minimum deposit for other two trading accounts is not mentioned, either. Leverage When it comes to leverage, Climax Prime allows its clients to use leverage of up to 1:400, much higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S. Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience. Trading Platform What FxZone offers is not the MT4 or MT5 trading platform. Customer Support Worryingly, FxZone left its clients nowhere to turn to once something goes wrong during their trading process. No phone support or email support is available. Risk Warning There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you. The information presented in this article is intended solely for reference purposes.