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FXTrading Broker Review 2024

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FXTrading Broker Review 2024
VPS MAM Accounts API Trading FXT Navigator Copy Trading Economic Calendar
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Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:FXTrading
Founded:Sydney, Australia
Min Deposit:50
Max Leverage:2000
Headquarter:Sydney, Australia
US Accepted:
About
FXTrading is an online trading services provider covering 10,000+ products across various markets (e.g., FX, Indices, Crypto) through robust trading platforms MT4/5. FXTrading.com also offers Copy Trading features via the FXT CopyPro exclusive platform. API trading, free webinars, and FXT navigator are some of the perks this ASIC-regulated broker has to offer.
Contact
Level 27, 25 Bligh Street, Sydney NSW 2000, Australia
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Competitive pricing
Advanced trading platforms
Dual regulation by ASIC and VFSC
Diverse asset offering
Cons
Limited account types
Geographic restrictions
Limited social trading options

FXTrading is an online trading services provider offering a wide range of financial markets, including Forex, Shares, Crypto, Metals, Energies, and many more. The broker provides commission-free trading with its Standard account and offers spreads from 0.0 pips.

What are the trading conditions on FXTrading.com? Weā€™ll explore the account types (Standard, Pro), trading platforms, company information, fee structure (commissions, spreads), customer support, and many more in this FXTrading.com review.

FXTrading (Company Information and Regulation)

FXTrading
A broker with more than 60,000 clients across 100+ countries

FXTrading.com, formerly known as (Rubix FX) was founded in September 2014 in Sydney, Australia. The rebranding was done in December 2019. According to Crunch Base, the company has 101-250 employees and is led by CEO Michael Berman.

FXTrading is registered in Vanuatu as ā€œGleneagle Securities Pty Limitedā€ and in Australia as ā€œFXtrading.com Pty Ltdā€ and regulated by these regionā€™s respected financial bodies, including:

  • Vanuatu Financial Services Commission (VFSC) license number 40256;
  • Australia Securities & Investment Commission (ASIC) license number 337985.

Specifics of FXTrading Broker

FXT stands out in the crowded forex broker market due to its unique blend of advanced technology, trader-centric features, and commitment to transparency. Let's break down the specifics that make FXT a compelling choice for traders.

Broker

FXTrading

Account Types

Standard, Pro

Regulating Authorities

ASIC, VFSC

Based Currencies

AUD, USD, EUR, GBP, SGD, NZD, CAD, HKD

Minimum Deposit

$50

Deposit Methods

VISA, MasterCard, PayPal, Bank Wire, USDT, UnionPay, Neteller

Withdrawal Methods

VISA, MasterCard, PayPal, Bank Wire, USDT, UnionPay, Neteller

Minimum Order

0.01 lots

Maximum Leverage

1:2000

Investment Options

Copy Trading

Trading Platforms & Apps

MetaTrader 4, MetaTrader 5, Proprietary App, FXT CopyPro

Markets

Forex, Metals, Energies, Commodities, Crypto, Indices

Spread

Standard (from 1.0 pip)

Pro (from 0.0 pips)

Commission

Standard $0.0

Pro $2 per lot

Orders Execution

Market, Limit, Stop, Trailing Stop, Take Profit, Stop-Limit

Margin Call / Stop Out

100% / 50%

Trading Features

Copy Trading, MAM Accounts, VPS, FXT Navigator, Economic Calendar, API Trading

Affiliate Program

Yes

Bonus & Promotions

New trader Program, Frequent Trading Bonus

Islamic Account

No

PAMM Account

Yes

Customer Support Ways

Email, Live Chat, Phone, Ticket

Customer Support Hours

24/5

FXTrading Account Offerings

FXT caters to a diverse range of traders by offering two primary account types: Standard and Pro. Each type is designed to meet specific trading needs and preferences.

Features

Standard

Pro

Base Currency

AUD, USD, EUR, GBP, SGD, NZD, CAD, HKD

AUD, USD, EUR, GBP, SGD, NZD, CAD, HKD

Leverage

1:2000

1:2000

Products

Forex, Metals, Energies, Commodities, Crypto, Indices

Forex, Metals, Energies, Commodities, Crypto, Indices

Min Trade Size

0.01 lots

0.01 lots

Swaps

Standard

Pro

Max Opening Orders

200

200

Max Lot per Orders

Equity indices: 250 Lots

Other asset classes: 100 Lots

Equity indices: 250 Lots

Other asset classes: 100 Lots

FXTrading Broker Registration and KYC Verification

Registering for an account with FXTrading.com and completing the Know Your Customer (KYC) verification process is a straightforward but essential step in your trading journey.

  1. Navigate to the brokerā€™s official website at ā€œhttps://fxtrading.com/ā€;
  2. Click ā€œStart Tradingā€;
  3. Fill in the personal details form;
  4. Provide proof of identity (passport or driverā€™s license) and proof of address (utility bill or bank statement).

FXTrading.com Platforms

FXT offers traders access to two of the most popular and powerful trading platforms in the forex industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

Proprietary App (FXTrading.com)

The broker also offers a dedicated copy trading platform named ā€œFXT CopyProā€ for investors and strategy providers.

FXTrading Fee Structure

The next topic on the FXTrading.com review is the fee structure. Understanding non-trading and trading costs is crucial for managing your profits effectively. The broker offers two main account types, each with a different fee structure.

Account Type

Spread

Commission

Standard

Variable from 1 pip

$0

Pro

Raw spread from 0.0 Pips

$2 per lot / per side

The broker also charges no fees for deposit/withdrawal transactions (with some exceptions). Also, there is no inactivity fee, other hidden costs, and markups.

FXTrading.com Broker Payment Methods

FXT offers a diverse range of payment methods to accommodate traders from various regions with different preferences.

  • Credit/Debit Cards: Visa, MasterCard, PayPal
  • E-Payments: Neteller, UnionPay, USDT Tether;
  • International Bank Wire: Available for most countries;
  • Local Bank Transfers: Available in select countries.

The minimum deposit for all payment methods is $50. All the funding options are instant except for bank transfers, which usually take 1-3 days. FXT typically processes withdrawals within 24 hours but may take longer, depending on the method.

FXTrading Copy Trading and Growth Plans?

FXT offers innovative solutions for both novice traders looking to leverage expertise and experienced traders seeking to manage multiple accounts efficiently.

  • FXT CopyPro (Copy Trading): Allows investors to automatically copy the trades of successful traders;
  • Multi-Account Manager (MAM): Designed for professional money managers and institutional clients to manage multiple client accounts from a single interface.
FXTrading.com MAM Account
Flexible allocation methods (percentage, lot, equity) and individual client account settings are some of the FXT MAM benefits

FXTrading.com broker Promotional Programs

Who doesn't love a good bonus? FXT sweetens the deal with two enticing promotional programs and exclusive partnership programs from affiliate to IB.

  • New Trader Program: Offers protection for up to 25% of your initial deposit with a minimum deposit requirement of $200;
  • Frequent Trading Bonus: Earn $100 for every 50 lots traded (applies to FX, equities, and crypto) with a minimum deposit requirement of $1,000;
  • IB: Introduce the broker and receive $200 for each qualified referred client.

FXTrading Customer Support

We must mention the available support channels in this FXTrading.com review. FXT offers 24/5 support through various channels, including:

Email

service@fxtrading.com

Phone

+61 (0) 2 8039 7366

Address

Level 27, 25 Bligh Street, Sydney NSW 2000, Australia

Live Chat

Available on the website

Ticket

Send a request through the chat page

FXTrading Trust Scores

In my view, the most important topic in the FXTrading.com review is user satisfaction. Trust is the currency of the online trading world, so let's see how FXT fares in the court of public opinion.

TrustPilot

4.0 out of 5 based on 184 comments

Forex Peace Army

1.8 out of 5 based on 24 reviews

Reviews.io

2.5 out of 5 based on 35 comments

Conclusion and Final Words

FXTrading, with 1,000+ CFD products covering various markets, such as Forex, Stocks, Crypto, and more, floating spreads from 0.0 pips, and 20+ payment methods, is a solid choice for traders.

FXTrading.com offers multiple platforms, from industry-standard MT4/5 to proprietary mobile app and FXT CopyPro. Share your thoughts about the FXTrading.com review in the comments.

FAQs

Is FXTrading regulated?

Multiple regulatory bodies regulate the broker, including the tier-1 Australia Securities & Investment Commission (ASIC) and the offshore authority VFSC.

What assets can I trade?

FXT offers over 10,000 products, including Forex, cryptocurrencies, stocks, and commodities.

Does FXTrading offer educational resources?

The broker provides market news, analysis, webinars, and trading insights.

Are there any bonuses for new traders?

FXT offers a New Trader Program with deposit protection and a Frequent Trading Bonus for active traders.

How can I contact FXTrading.com support?

FXT provides 24/5 support via live chat, email, phone, and ticket system.

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