PXE forex broker provides various trading information, with an average trading speed of 0ms, a trading cost of null, an average slippage of , a liquidation rate of %, a spread cost of 0.00, etc
Business
License
The foreign exchange (Forex) market is a crucial component of the global financial system, allowing for the trading of currencies and impacting economies worldwide. Among the various brokers operating in this space, PXE Trade has emerged as a notable player since its establishment in 2019. This article will delve into the intricacies of PXE Trade, addressing key aspects that potential traders should consider.
Established | Regulatory Authority | Headquarters | Minimum Deposit | Leverage | Average Spread |
---|---|---|---|---|---|
2019 | Not regulated | Czech Republic | $100 | 1:100 | 1.5 pips |
PXE Trade operates without formal regulation, which raises concerns regarding investor protection and operational transparency. The minimum deposit requirement of $100 is competitive compared to industry standards, making it accessible for novice traders. The leverage of 1:100 is also in line with what many brokers offer, allowing traders to amplify their positions.
However, the average spread of 1.5 pips is slightly higher than the industry average of 1.0 to 1.2 pips for major currency pairs, which could affect trading costs, especially for high-frequency traders. Overall, while the trading conditions at PXE Trade are not the most competitive, they do provide a reasonable entry point for new traders.
PXE Trade offers several trading platforms, including MetaTrader 4 (MT4) and its proprietary web-based platform.
Currency Pair Category | Number Offered | Minimum Spread | Trading Hours | Commission Structure |
---|---|---|---|---|
Major Pairs | 20 | 1.0 pips | 24/5 | None |
Minor Pairs | 15 | 1.5 pips | 24/5 | None |
Exotic Pairs | 10 | 3.0 pips | 24/5 | None |
The execution speed at PXE Trade is generally reliable, with most trades being executed within seconds. However, traders have reported occasional slippage during high volatility periods, which is common in the Forex market. This aspect is crucial for scalpers and day traders who rely on precise entry and exit points.
PXE Trade implements basic security measures, such as SSL encryption for data protection. However, due to the lack of regulation, there are no guarantees for client fund protection, which is a significant risk factor.
Customer satisfaction ratings have been mixed, with some users praising the platform's ease of use, while others have expressed concerns over withdrawal processes and customer support responsiveness.
For new traders at PXE Trade, a simple strategy could involve using the Moving Average Crossover technique. This strategy entails using two moving averages (a short-term and a long-term) to identify potential buy or sell signals. When the short-term moving average crosses above the long-term moving average, it may indicate a buying opportunity, while the opposite crossover may signal a sell.
In summary, PXE Trade presents a viable option for beginner traders looking to enter the Forex market with a low minimum deposit and user-friendly platforms. However, the lack of regulatory oversight and higher-than-average spreads are critical factors that potential traders should consider.
This broker is best suited for novice traders who are starting their Forex journey and are comfortable with moderate risks associated with unregulated brokers.
1. Is PXE Trade regulated?
No, PXE Trade is not regulated by any financial authority, which may pose risks to traders.
2. What is the minimum deposit required to start trading?
The minimum deposit at PXE Trade is $100.
3. What trading platforms does PXE Trade offer?
PXE Trade offers MetaTrader 4 (MT4) and its proprietary web-based platform for trading.
Risk Warning: Trading in Forex and other financial markets involves significant risk, and may not be suitable for all investors. Always ensure you understand the risks involved and seek independent advice if necessary.
Trade forex/fx with top brokers: legit global platforms/apps. Read reviews for the best trading experience.