The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
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The data are from WIKI Research 2021.09.21 updated
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General Information & Regulation FXTRADING.com
FXTRADING.com is an Australian foreign exchange trading (FOREX) brokerage firm based in Sydney, Australia. Gleneagle Securities (Aust) Pty Limited, ABN 58 136 930 526, trading as FXTRADING.com is authorized and regulated by Australian Securities and Investments Commissions (ASIC) to operate a financial services business in Australia under its Australian Financial Service License (AFSL No. 337985). FXTRADING.com offers online trading of forex, commodities, indices and cryptocurrencies via several trading platforms.
As announced on FXTRADING.com official website, there are over 1,000 instruments available on offer, including currency pair, metals, energies, indices, commodities and cryptocurrencies.
Minimum Deposit of FXTRADING.com
FXTRADING.com offers three types of trading accounts, which are Standard Account, Pro Account and Alpha Account. The minimum deposit for Standard Account is $200, $1,000 for Pro Account and $10,000 for Alpha Account. The base currency options for all the account types include AUD, USD, EUR, GBP, SGD, NZD, CAD
Leverage of FXTRADING.com
FXTRADING.com offers a flexible trading leverage up to 1:500, which is quite typical of Australia brokers. Please keep in mind that high leverage can magnify potential profits but can also increase traders' risks to a large extent.
Spreads & Commissions
The spread of Standard Account varies from 1 pip without commissions. Pro Account provides raw spreads with clients and collects $3.5 per lot/per side for commission. Alpha Account also provides raw spreads with clients and collects $3 per lot/ per side for commission. Swaps for all account types are calculated in standard.
Trading Platfroms of FXTRADING.com
As shown on FXTRADING.com official website, this broker offers threee trading platforms available for traders to choose from, famous MT4 & its latest version MT5, and another IRESS trading platfrom.
Deposit & Withdrawal of FXTRADING.com
FXTRADING.com offers Union Pay, Visa, Mastercard, PayPal, NETELLER, PoLi, International Bank Wire Transfer and Local Bank Transfer for clients as payment methods. Clients who do not reside in Australia can deposit and withdraw funds through international bank wire transfers. The minimum deposit with this method is $200 or its equivalent while a minimum of 50 Euros or its equivalent is required for withdrawals. Australian residents can make use of local banks to fund and withdraw from their accounts. The minimum deposit is AUD 200 and the minimum withdrawal amount is AU$50. Minimum deposit and withdrawal through Visa or Mastercard is $5 or its equivalent in Euros, pounds or Australian dollars.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.