Review Fxview

Headquarters in Cyprus

Quick Look

Fxview is an online broker with registration in a number of European Union countries as well as regulation from the Cyprus Securities and Exchange Commission (CySEC). With all the regulation and oversight of the broker they are one to be trusted in a sometimes untrustworthy ecosystem. They keep things simple with a single account type, low spreads, and a focus on forex and commodity trading. Traders also get ECN execution and if you qualify as a professional trader you’ll get leverage as high as 1:500. You can learn the details of Fxview below.

Fxview Quick Look

Fxview Pros and Cons

Pros

  • Highly regulated broker
  • Negative balance protection
  • Low spreads
  • Low minimum deposit

Cons

  • Leverage is limited for most traders
  • No cryptocurrencies available to trade
  • Support is 24/5 rather than 24/7

Broker Regulation

With regulation in Cyprus, the UK, and throughout the European Union Fxviewis an online broker you can trust with your trading and your capital. They are fully owned and operated by Charlgate Ltd and hold a license for regulation with CySEC. The license number is 367/18 if you’re interested in looking it up.

In addition to the CySEC regulation Charlgate Ltd is also registered with the Financial Conduct Authority in the UK, the Norway Finanstilsynet, the Spanish Comisión Nacional de Mercado de Valores (CNVM), the Italian Commissione Nazionale per le Società e la Borsa (CONSOB), the French Autorité de ContrôlePrudentiel et de Résolution (ACPR), and the German Federal Financial Supervisory Authority (BaFin).

In addition to its regulation Fxviewoffers clients the negative balance protection to ensure a client is protected from a negative balance in their account. With negative balance protection the broker will reset the balance of your account to zero if it ever goes negative due to a stop out or margin call. That’s important because it means you can’t ever lose more than you’ve deposited.

Account types

Fxviewis somewhat unique among brokers by offering just a single account type. That’s their Raw ECN Account, and it’s a good one so we don’t see the need for additional complexity introduced by multiple account tiers or levels.

It’s possible to open an account with as little as EUR 5, and you could do this if you’re trading micro-lots but you won’t be able to make much profit. The broker recommends a minimum deposit of $200 to give you more trading power and flexibility in choosing a trading strategy.

Retail traders get leverage as high as 1:30 per the ESMA regulations that cap the available leverage. If you qualify as a professional trader that leverage is increased to as high as 1:500.

With the Raw ECN account traders get spreads that start at 0.0 pips and a commission of just $1 per $100k per side If you calculate the cost of the commission it means the spread is actually 0.1 pips.

Trading Platforms

Fxview Trading Platforms

MT4

Metatrader 4 is the preferred trading platform at Fxview and for good reason. It’s an award winning trading platform that nearly anyone with trading experience has been exposed to at some time. Metatrader 4 is famous for the wide variety of tools and indicators it offers, as well as the automated trading made possible by the use of Expert Advisors. It’s hard to beat the technical analysis capabilities of Metatrader 4.

In addition, Fxview offers Auto Chartist free to all Metatrader 4 and Metatrader 5 users. AutoChartist is a chart pattern recognition software that scans trading instruments and automatically recognizes trade set-ups based on support and resistance levels.

MT5

In addition to Metatrader 4 traders also have access to the next generation Metatrader 5 platform. This newer version of Metatrader excels at order management, with eight different pending oders and four different order execution modes. It also provides a hedging option system and gives traders the ability to open and scan up to 100 charts concurrently. Other features added include direct news streaming and an economic calendar.

ActTrader

ActTrader is the proprietary trading platform offered by Fxview. It is notable in its enhanced risk management capabilities, and the ability to conduct one-click trading. It comes with detailed charts and a visual strategy builder that allows for the creation of automated trading strategies based on chart patterns, even when the trader has no coding knowledge.

Available Assets

There are just three asset classes available from Fxview. These are:

  • Forex
  • Commodities
  • Indices

Fxview may not offer a lot of asset classes, but they go very deep into those they do offer. In total there are 69 forex pairs on offer, from major and minor pairs to the exotic pairs. Commodities comprise Gold, silver, US, UK oil &Natural gas denominated in multiple currencies. And under indices you will find 9 of the top global indices, such as the S&P 500, Nasdaq, DAX 30 and Nikkei 225.

Education and Research

In terms of research and education Fxview isn’t going to load you down, but offers enough to add to your own research effrts.. They do offer research from Portfolios.com through their social channels and in the client portal. Where they excel is in the tools they offer to traders, which is equally important. We already touched on the Auto Chartist plugin that’s offered for free to all MetaTrader 4 and 5 users. They also offer an alert package to help discover trading opportunities as they occur in real-time. And there’s a risk calculator to help traders keep their risk levels in check.

Fxview also offers API connectivity for clients. Traders with monthly balance maintenance of $10,000 and a minimum monthly commission of $1,000 get access to this for free. There’s also a free VPN for anyone who deposits $5,000 or more. This tool is invaluable if you’re going to be conducting automated trading. If your deposit is less than $5,000 Fxview has packages for VPN access ranging from $25 to $60 per month.

Finally they have the Trader Toolbox, which you’ll have to see and test out to believe. The tools included here are:

  • Alarm manager: This is a set of building blocks which provides notifications about events on your account, and in the market, take automatic actions when events occur and send automatic updates to your Twitter, email, or SMS.
  • Correlation Matrix: The correlation matrix is an informative tool that lets the users know the real-time correlation of various instruments in a matrix format.
  • Correlation Trader: This tool is made for traders trading correlated pairs. Itopens up the price chart of the two pairs that are under study, with a correlation meter separating the two price charts.
  • Excel RTD: This app is an indispensable trading tool that provides the user with the ability to link the MT4 and MT5 trading account to Excel using excel RTD function and perform mathematical/ calculative analysis with ease.
  • Market Manager: Market Manager brings up a sub-window that shows the user the detailed information under the Market watchlist, Account Info, and Order & Pending Orders headers.
  • Mini Terminal: This tool allows traders to place buy and sell orders using the large buy and sell buttons in MT4 and MT5.
  • Sentiment Trader: The Sentiment Trader displays information about current and historic long/short sentiment calculated from real-money accounts.
  • Session Maps: Session map shows different sessions according to the user's local time without being bothered by time zone differences.
  • Stealth Orders: Stealth orders are used by traders to hide their positions from other market participants.
  • Tick Trader: Tick Chart Trader allows the user to do sub-minute analysis of instruments for fast and quick trading.
  • Trade Terminal: Adds functionality for monitoring watchlists and account activity.
Fxview Education and Research

Customer Service

Following the trend in the online broker space Fxview offers live chat support on a 24/5 basis. It also offers phone support Monday through Friday from 03:00: 19:00 (GMT+3 DST / GMT +2 Non-DST). Email and contact form support is answered within 24 hours, so is best for non-critical questions.

Phone: (Office)+35725 251 100, (Support) +357 2526-2288, +357 2526-2040

Webform: https://fxview.com/contact-us

Email: info@fxview.com

In Conclusion

With its broad regulation across a number of markets and a proven history of providing a secure trading environment for its clients Fxview is a safe broker for new and experienced traders. The offerings mean the broker is best suited for forex traders, and this is matched by the platforms offered and the Trader’s Toolbox. They also offer good spreads and an uncomplicated one account type.

If you’re looking for a broker to trade forex with this is a great choice.

Contact us directly

Contact us directly for further inquiries about our products and services.



 
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