FXTrading Broker Review: Features, Pros, And Cons

Regulation and License	ASIC, VFSC
HQ	Level 27, 25 Bligh Street, Sydney NSW 2000, Australia
Founding year	2014
Leverage range	Maximum leverage is 1:500
Min deposit	$200
Platforms	MT4, IRESS, MAM/PAMM, Mobile App Trading, Web Trading
Tradable Instruments	Forex, Crypto CFDs, Share CFDs, Commodities, Spot Metals, Energies, Indices
Demo account	Yes
Base Currencies	USD/EUR/GBP/AUD/SGD/NZD/HKD
Customer support	24/5 support in English, Chinese, Malay, Vietnamese, Thai
Publicly traded	No
Crypto CFDs	Yes
Website	https://fxtrading.com

FXTrading Review Introduction

FXTrading is an online broker that trades in forex, crypto CFDs, share CFDs, commodities, spot metals, energies, and indices. The company is headquartered in Sydney, Australia, and is regulated by ASIC.

The broker was founded in 2014 and offered a wide range of tradable instruments. They also offer a demo account to help newbies get started.

Customer support is available 24/5 in English and Chinese, offering a wide range of base currencies, including USD, EUR, and GBP. The minimum deposit is $200, and the maximum leverage is 1:500.

The company offers the MetaTrader 4 (MT4) platform, the IRESS platform, and MAM/PAMM accounts.

Pros	Cons
MT4	US customers can not access this platform
Easy to open account
10,000+ tradable instruments
Wide range of tradable markets
Quick deposit and withdrawal

For those looking to trade in crypto, FXTrading offers a wide range of digital assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Dash, and Ethereum Classic (ETC). The broker also offers a mobile app for trading on the go.

Overall, FXTrading is a good choice for those looking for reliable trading. Let's jump into the details of FXTrading.

Safety information

As ASIC regulates the broker, your funds are safe and protected because they follow strict rules and regulations. The broker has implemented all the modern safety measures, such as Negative Balance Protection and SSL encryption, to keep your funds safe.

Negative Balance Protection is a measure that protects you from incurring losses more than your account balance.

If the markets move against you and your account balance goes below zero, the broker will close all your positions, and you will only owe the amount in your account. It means you will only lose what you deposited with the broker.

In addition, they've implemented AML (Anti Money Laundering) and KYC (Know Your Customer) policies to prevent fraud or money laundering.

The broker also has a segregated account policy which means that your funds are kept separate from the company's operating funds. It protects your money in case the broker goes bankrupt. All in all, FXTrading is a safe and reliable broker that you can trust with your money.

Fees details

Regarding the overall fee structure, the FXTrading platform is highly competitive. They don't charge deposit or withdrawal fees for all wallets or electronic or domestic wire transfers.

However, if you use an international wire transfer to deposit or withdraw funds, you may need to pay certain charges depending on your bank. When it comes to spreads, it starts from as low as 0.0 pip, making it very competitive.

Fees Type	FX Trading
Deposit fee	Deposits are free on credit/debit cards, electronic transfers. Deposit charges applicable on international wire transfer.
Withdrawal fee	Withdrawals are free on credit/debit cards, electronic transfers. Withdrawal charges applicable on international wire transfer.
Inactivity fee	No
Fee ranking	Low/ Average

The company also charges a commission of $3.50 per lot for every trade that is executed. As a result, the rollover fees are also very competitive. Overall, the fee structure is highly competitive when compared to other brokers.

In addition, FXTrading doesn't charge any inactivity fee you need to pay if you don't use your account for a certain period.

Spreads fee

You need to pay a spread fee when you trade with any broker. The spread is the difference between a currency pair's bid and asking price. When you buy a currency pair, you will need to pay the asking price, and when you sell it, you will receive the bid price.

The difference between the two is known as the spread, which goes to the broker as a fee. FXTrading offers very competitive spreads starting from 0.0 pip for the pro account and 1.0 pips for the standard account.

Compared to other brokers, the spreads offered by FXTrading are very low, which is a big advantage for traders.

Swap fee

When you hold a position overnight, you will need to pay a small known swap fee. This fee is calculated based on the interest rate differential of the two currencies involved in the trade.

The swap fee can be either positive or negative, depending on the direction of your trade. For example, if you are long on a currency pair, you will need to pay the swap fee, and if you are short on a currency pair, you will receive the swap fee.

The swap fees charged by FXTrading are very competitive, and the fee varies based on the currency pair that you are trading.

Deposit and withdrawal options at FXTrading

FXTrading.com trade — Why trade with FXTrading.com?

Traders get a wide range of deposit and withdrawal methods at FXTrading. These include credit/debit cards, bank wire transfers, and e-wallets such as Neteller and Skrill. The minimum deposit is $200, and the maximum leverage is 1:500.

When it comes to withdrawals, there is a minimum withdrawal amount of $100. Withdrawals are processed within 24 hours, but it may take up to 5 business days for the funds to reflect in your account.

Both withdrawals and deposits are protected with modern and advanced SSL encryption, so you can be sure your funds are safe with FXTrading. You can quickly and easily check the status of your withdrawal in the "MyFXTrading" client portal.

As the broker is compliant with ASIC and VFSC, traders need to complete their KYC. It's because the broker pays strict attention to anti-money laundering policies. In addition, there are no hidden fees or commissions charged by the broker.

Negative Balance Protection

As a regulated broker, FXTrading takes your safety seriously and offers Negative Balance Protection (NBP). It's a safeguard that ensures you will never lose more than your account balance. So, even if the markets move against you, you will never owe FXTrading money.

The biggest benefit of NBP is that it gives traders the peace of mind that their account balance can never go into the negative. You can avoid incurring debts if the markets move against your position.

To sum it up, Negative Balance Protection is a great safety net that all traders should take advantage of.

Tradable markets

FXTrading offers to trade in forex, crypto CFDs, share CFDs, commodities, spot metals, energies, and indices. The company offers a wide range of tradable instruments and a demo account. With 10,000+ tradable instruments, they offer one of the largest selections in the industry. Let's look at all the tradable marketers available at FXTrading:

Forex

The forex market is the world's largest and most liquid, with a daily turnover of $6.6 trillion. FXTrading offers over 70 currency pairs, including major, minor, and exotic pairs. The spreads start at 0.0 pips, and the leverage is up to 1:500.

Moreover, as the spreads are tight, the broker is suitable for scalpers and day traders. In addition, traders can take bigger positions with lucrative available leverage.

For example, if you have $300 in your account with a leverage of 1:500, you can trade up to $150,000. However, we recommend you use leverage cautiously, as it can lead to heavy losses if the market moves against you.

Some popular forex pairs you can trade in FxTrading are EUR/USD, GBP/USD, USD/JPY, AUD/USD, and USD/CAD. In addition, you can also trade in exotic pairs such as EUR/TRY, GBP/ZAR, and USD/MXN.

Crypto CFDs

FXTrading offers CFDs on 12+ major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Dash, and Ethereum Classic (ETC). The leverage is up to 1:20, and the spreads start at 0.75%.

The crypto market is highly volatile and offers immense opportunities to make huge profits. In addition, as the crypto market is volatile and open 24/7, traders can take advantage of the market movements and make profits around the clock.

Some popular crypto pairs you can trade in FxTrading are BTC/USD, ETH/USD, LTC/USD, and BCH/USD.

Commodities

FXTrading offers CFDs on popular commodities such as gold, silver, oil, and natural gas. The leverage is up to 1:50, and the spreads start at 0.01%. Commodities are important to the global economy and offer immense trading opportunities.

Gold and silver are considered haven assets and are widely traded in times of economic uncertainty. On the other hand, oil and natural gas are key commodities used in the energy sector.

Share CFDs

FXTrading offers CFDs on over 250+ US and UK shares. The leverage is up to 1:10, and the spreads start at 0.01%. Share CFDs are a popular way to trade in the stock market as they offer leverage and allow traders to take a short or long position.

Some popular share CFDs you can trade in FXTrading are Facebook, Amazon, Apple, Google, and Coca-Cola. Stock trading is a popular way to make money, and with FXTrading, you can trade in the stock market without owning the shares.

Indices

FXTrading offers CFDs on popular indices such as S&P 500, Dow Jones, Nasdaq 100, and FTSE 100. The leverage is up to 1:100, and the spreads start at 0.01%. Indices are a popular trade method as they offer a broad view of the market.

For example, the S&P 500 is a US stock market index that tracks the 500 largest US companies. The Dow Jones Industrial Average (DJIA) is another popular index that tracks 30 large US companies.

Energies CFDs

FXTrading offers CFDs on popular energy commodities such as crude oil, Brent oil, and natural gas. The leverage is up to 1:100, and the spreads start at 0.01%. Energy commodities are an important part of the global economy and offer immense trading opportunities.

Crude oil is the most traded energy commodity widely used in the transportation and manufacturing industries. Brent oil is another popular energy commodity used as a benchmark for pricing crude oil.

Natural gas is another important energy commodity used in the power generation and heating industries.

Spot Metals

FXTrading offers spot metals trading on popular metals such as gold, silver, platinum, and palladium. The leverage is up to 1:100, and the spreads start at 0.01%. Spot metals are a popular trade method as they offer a broad market view.

Gold and silver are considered haven assets and are widely traded in times of economic uncertainty. Platinum and palladium are popular metals used in the jewelry and automotive industries.

Leverage details

FXTrading offers maximum leverage of 1:500, which is higher than other brokers offering similar instruments. With this leverage, if a trader has $600 in their account, they can trade up to $300,000 with FXTrading. This high risk/reward ratio is only suitable for some traders.

For example, if the EUR/USD currency pair moves by 0.0001, a trader with a leverage of 1:500 will make a profit/loss of $5, which is 5% of their account.

This high leverage is available for forex, crypto CFDs, and share CFDs. For commodities and indices, the leverage is lower at 1:100, and for spot metals, it is 1:200. It is important to note that leverage can work both ways, amplifying profits and losses. Therefore, it is important to use stop-loss orders when trading with leverage.

Trading platforms

FXTrading offers the MetaTrader 4 (MT4) platform and the IRESS platform. Let's dive into both platforms and understand the core features:

FXTrading.com install — How to install FXTrading.com platform

MT4

The MetaTrader 4 platform is a widely used platform for online trading. It is easy to use and comes with many features, such as advanced charting tools, a user-friendly interface, and various indicators. The platform also supports automated trading through Expert Advisors (EAs). Moreover, MT4 lets you backtest your trading strategies to see how they would have performed in the past.

Features of MT4

Wide range of indicators and charting tools: MT4 comes with a wide range of in-built indicators and charting tools that can be used to conduct technical analysis. Popular indicators include moving averages, Bollinger Bands, MACD, and RSI.
Advanced order types: The platform supports various advanced order types, such as limit orders, stop-loss orders, and take-profit orders. This lets you better control your trading.
User-friendly interface: The platform has a user-friendly interface that is easy to navigate. This makes it suitable for both new and experienced traders.
Advanced charts: MT4 lets you access advanced charts that can be used to conduct technical analysis. The platform also supports custom timeframes, a great feature for day traders.

IRESS

The IRESS platform is a professional trading platform that institutions and professional traders use. It offers a range of features, such as advanced order types, charting tools, and news feeds. As a result, the platform is more suited for experienced traders looking for a more sophisticated trading experience.

The minimum deposit for using the IRESS platform is AUD 10,000, with a platform fee of AUD 60. IRESS platform is ideal for those looking to trade shares, ETFs, and warrants.

Features of IRESS

Over 50 analytical tools: The platform comes with over 50 analytical tools that can be used for technical analysis. This makes it a great choice for experienced traders.
Advanced order management: The platform offers advanced order management features such as conditional orders and bracket orders. This lets you better control your trading with stop-loss and take-profit orders.
Highly configurable charts: The charts on IRESS are highly configurable and can be customized per your needs. It is a great feature for those who want to conduct technical analysis.
Optional market depth feature: The platform offers an optional market depth feature that gives you an overview of the market's buy and sell orders. It is a great tool for those who want to trade in the stock market.

Account types

FXTrading offers two types of accounts, and below are the details for both accounts:

Standard account

The standard account is a commission-free account with variable spreads starting from 1 pip. The minimum deposit for this account is $200, and the maximum leverage is 1:500. This account is best suited for those new to online trading and looking to trade in forex, metals, energies, commodities, and indices.

Moreover, the lot size for this account is one micro lot (0.01 lots), and the maximum number of open orders is 200. The maximum number of lots per order for equity indices is 250, and for other asset classes, it is 100. The standard FXTrading account is ideal for those looking for a simple account with low fees.

Pro account

The pro account is commission-based, with raw spreads starting from 0 pips. The minimum deposit for this account is $500, and the maximum leverage is 1:500. This account is best suited for those looking to trade in forex, metals, energies, commodities, and indices.

The Pro FXTrading account commission starts from $3.5 per lot for forex pairs and $0.07 for metals. The pro account best suits those seeking a commission-based account with low spreads.

How to open an account?

Follow the below steps to open an FXTrading account:

Step 1: Go to the website and click on Start Trading.

Step 2: Enter the details, including name, email, date of birth, and country.

Step 3: Select your trading account type and leverage.

Step 4: Choose your deposit method and currency.

Step 5: Enter your investment amount and click on 'Open Account.'

FXTrading.com register — How to register?

Research tools

FXT Navigator

For in-depth analytics, FXTrading offers the FXT Navigator research tool. The FXT Navigator tool gives you access to various features and advanced graphs. In addition, you can use the tool to track your performance, find new trading opportunities, and create customized watchlists. The FXT Navigator is available as a web-based platform.

Economic Calendar

An economic calendar is a useful tool that helps you to track upcoming events that could impact the markets. The calendar lists all the major events, such as central bank meetings, economic data releases, and corporate earnings announcements. You can use the economic calendar to plan your trades and stay ahead of the markets.

Market Sentiment

The market sentiment tool lets you see how other traders are positioned. It can be useful for spotting trading opportunities and avoiding potential pitfalls. The market sentiment tool is available on the FXTrading website. For beginners, the market sentiment tool can be a useful way to learn about the markets and get a feel for how other traders are positioned.

Trading Central

It's a holistic research platform that includes technical and fundamental analysis, market news, economic calendar, and more. Trading Central is a powerful tool that can be useful for both beginners and experienced traders.

In general, the research tools offered by FXTrading are comprehensive and should be sufficient for most traders.

Educational resources

FXTrading platform offers a comprehensive range of market news, analysis, and webinars to help you make informed trading decisions. On top of that, they also offer a demo account so that you can practice your trading strategies before investing real money.

In addition, their webinars cover a wide range of topics, such as technical analysis, trading psychology, and risk management.

FXTrading in a nutshell

FXTrading is a multi-asset online broker that offers a wide range of tradable instruments. They are regulated by ASIC and offer a wide range of base currencies. The minimum deposit is $200, and the maximum leverage is 1:500. The company offers the MetaTrader 4 (MT4) platform and the IRESS.

Regarding data and funds safety, all clients' money is segregated and held in tier-1 banks. In addition, the company complies with the Client Money Rules set out by ASIC. Overall, FXTrading is a good choice for those looking for reliable trading.

FAQs

What is the minimum deposit on this platform?

The minimum deposit is USD, EUR, and AUD 200.

What is the maximum leverage offered?

The maximum leverage offered is up to 1:500.

Do they offer a demo account?

Yes, they offer a demo account.

Is FXTrading a regulated broker?

Yes, it is a regulated broker. The company operates under ASIC and VFSC.

What are the deposit and withdrawal methods available?

Multiple deposits and withdrawal methods are available, including wire transfers and credit/debit cards.

How to open your account with the broker?

You can open your account with the broker by going to their website and filling out the online registration form.

Does this platform support MT4 & MT5?

They support MT4 and IRESS.

What are the spreads available on this platform?

The spreads start from 0.0 pips.

What is the minimum trade size for this broker?

The minimum trade size is 0.01 lots.

How to contact customer support?

You can contact their customer support via live chat, email, or telephone.

Do they offer educational content?

Yes, they offer a wide range of educational content, including market news and webinars.

Can US residents open accounts with this broker?

As of now, US residents need help to open an account with this broker.

How can I change my password on this broker platform?

You can change your password by going to the client portal and clicking on the "change password" button.

What account types do they offer?

FXTrading offers two accounts — Standard and Pro.

Is this broker good for scalping?

Yes, FXTrading broker is suitable for scalping.

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