Business
License
In the competitive landscape of online trading, 3angle fx has emerged as a broker that garners mixed reviews. Established in 2019 and regulated by the Cyprus Securities and Exchange Commission (CySEC), 3angle fx offers a variety of trading instruments through the MetaTrader 5 platform. However, user experiences vary widely, with some praising its customer service while others raise concerns about withdrawal processes and operational transparency.
Note: It is crucial to consider the geographical differences in regulatory practices and user experiences when evaluating 3angle fx. The reviews and experiences shared here reflect a range of perspectives, highlighting both positive and negative aspects of the broker.
Category | Score (out of 10) |
---|---|
Account Conditions | 6 |
Tools and Resources | 7 |
Customer Service and Support | 6 |
Trading Setup (Experience) | 5 |
Trustworthiness | 4 |
User Experience | 5 |
We score brokers based on user reviews, expert opinions, and factual data.
3angle fx, operated by Triangle View Investments Limited, is a Cyprus-based broker that offers trading services across various asset classes. The broker is regulated under CySEC, holding license number 384/20, which provides a level of assurance regarding its operational practices. The platform supports MetaTrader 5, a popular choice among traders for its advanced features and user-friendly interface. 3angle fx provides access to several asset categories, including forex, stocks, commodities, and indices.
3angle fx is primarily regulated by CySEC, which oversees its operations in Cyprus and the broader European market. However, the broker has faced scrutiny, including a €50,000 fine from CySEC in July 2022 for failing to comply with client funds protection regulations. This incident raises questions about the broker's adherence to regulatory standards and the safety of client funds.
The broker accepts deposits in multiple currencies, including USD, EUR, and CZK. However, there is limited information regarding the acceptance of cryptocurrencies for transactions. The minimum deposit required to open an account is $100, which is relatively standard in the industry.
3angle fx offers promotional bonuses for new customers, although specific details about these promotions are often vague and not prominently displayed. The lack of clarity regarding promotional offers may deter potential clients seeking transparent information.
Traders at 3angle fx can engage in a diverse range of financial instruments. The broker provides access to CFDs on forex, stocks, commodities, and indices, allowing traders to diversify their portfolios. However, the absence of cryptocurrencies from the asset offerings may limit options for those interested in digital currencies.
The broker offers variable spreads, with the EUR/USD pair averaging around 30 pips. However, there is a notable lack of transparency regarding commissions, which can lead to unexpected costs for traders. Users have reported that spreads can be wide, making trading less favorable.
3angle fx provides a maximum leverage of 1:30, which is in line with regulatory standards set by CySEC. While higher leverage can amplify profits, it also increases the risk of significant losses, and traders are cautioned to use it responsibly.
The primary trading platform offered by 3angle fx is MetaTrader 5, which is known for its advanced charting tools, automated trading capabilities, and extensive technical indicators. Additionally, the broker offers a web-based trading platform and a mobile app for trading on the go.
While 3angle fx operates primarily in Europe, there are indications that it may not accept clients from certain jurisdictions. Prospective traders are advised to check the broker's website or contact customer service for specific restrictions.
3angle fx provides customer support in multiple languages, including English, Czech, and Slovak. The support is available through various channels, including live chat, email, and online messaging. However, some users have reported delays in response times, which can be frustrating for traders seeking immediate assistance.
Category | Score (out of 10) |
---|---|
Account Conditions | 6 |
Tools and Resources | 7 |
Customer Service and Support | 6 |
Trading Setup (Experience) | 5 |
Trustworthiness | 4 |
User Experience | 5 |
Account Conditions: The minimum deposit of $100 is reasonable, but the lack of clarity on account types and conditions may be a drawback for some traders.
Tools and Resources: The availability of the MT5 platform is a significant advantage, offering traders numerous tools for analysis and trading.
Customer Service and Support: While customer service is generally responsive, some users have reported issues with withdrawal processes and communication delays.
Trading Setup (Experience): User experiences vary, with some traders enjoying the platform while others express frustration over withdrawal issues.
Trustworthiness: The regulatory oversight by CySEC is a positive aspect, but the past fines and mixed user reviews raise concerns about trust.
User Experience: Overall, while many users report satisfaction with the trading experience, the potential for issues with withdrawals and transparency remains a concern.
In conclusion, while 3angle fx presents itself as a regulated broker with a variety of trading options, potential clients should exercise caution and conduct thorough research. The mixed reviews and past regulatory issues suggest that traders should be aware of the risks involved when considering this broker.