https://www.fxceltd.com/
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+44 7723 181006
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FXCE LLC
FXCE
Saint Vincent and the Grenadines
Pyramid scheme complaint
Expose
Key Information | Details |
Company Name | FXCE |
Years of Establishment | 2-5 years |
Headquarters | Saint Vincent and the Grenadines |
Office Locations | Euro House, Richmond Hill Road, P.O.Box 2897, Kingstown, St. Vincent and the Grenadines |
Regulation | Unregulated |
Tradable Assets | Forex, Metals, Indices, Commodities, Cryptocurrency, Shares |
Leverage | Up to 1:500 |
Spread | From 0 pips |
Deposit/Withdrawal Methods | USDT, 9PAY |
Trading Platforms Available | MetaTrader 5 |
Customer Support Options | Email, Phone (English) |
Educational Content | Yes |
FXCE is a financial broker based in Saint Vincent and the Grenadines, offering trading services in various markets, including Forex, Metals, Indices, Commodities, Cryptocurrency, and Shares. Established within the past 2-5 years, the company operates without valid regulatory information, making it an unregulated entity.
Traders can access the MetaTrader 5 trading platform, which provides features such as spreads starting from 0 pips and leverage of up to 1:500. While specific details about account types, minimum deposit requirements, and regulatory authorities are not provided, traders can benefit from customer support through email and phone channels, primarily in English. Additionally, FXCE offers educational content in the form of online and offline training courses.
FXCE has no valid regulatory information and is therefore unregulated. In such cases, unregulated status refers to a situation where the broker operates without being overseen by a recognized financial regulatory authority.
The lack of regulation may pose certain risks to traders, as there is no external authority monitoring the broker's activities or ensuring compliance with industry standards. These risks may include potential issues related to transparency, investor protection, and the absence of mechanisms for dispute resolution.
FXCE offers a range of trading opportunities in various markets, including Forex, Metals, Indices, Commodities, Cryptocurrency, and Shares. Traders have access to the MetaTrader trading platform, known for its user-friendly interface and comprehensive trading tools. The company provides spreads starting from 0 pips, which can be advantageous for cost-conscious traders. Additionally, FXCE offers leverage of up to 1:500, enabling traders to potentially amplify their trading positions. The availability of online and offline training courses as part of their educational content can be beneficial for traders seeking to enhance their knowledge and skills.
One significant drawback of FXCE is its unregulated status, as it lacks valid regulatory information. The absence of regulation means that there is no external oversight or authority ensuring the company's compliance with industry standards or providing investor protection. This may raise concerns about the transparency and security of the trading environment. Furthermore, the limited information available about account types, minimum deposit requirements, and the specific regulatory authorities (if any) associated with FXCE adds to the lack of clarity and may deter potential traders who prioritize transparency and regulatory oversight.
Here is a table listing the pros and cons:
Pros | Cons |
Various markets instruments | Unregulated |
Offers spreads starting from 0 pips | Limited information about financial information |
Leverage of up to 1:500 | |
MetaTrader 5 platform |
FXCE provides trading opportunities in various market instruments. Here are brief descriptions of each market instrument:
Forex: FXCE allows trading in the foreign exchange market, enabling traders to speculate on the price movements of currency pairs.
Metals: Traders can engage in trading precious metals such as gold, silver, platinum, and palladium with FXCE.
Indices: FXCE offers trading in indices, representing the performance of a group of stocks from specific markets or sectors.
Commodities: FXCE provides access to trading commodities, including crude oil, natural gas, agricultural products, and other raw materials.
Cryptocurrency: Traders can participate in the cryptocurrency market through FXCE, involving digital currencies like Bitcoin, Ethereum, and others.
Shares: FXCE allows trading in individual company stocks listed on various stock exchanges, providing opportunities to speculate on their price movements.
Here is a table comparing the market instruments available from FXCE and fellow brokerages FXPro, IC Markets, FBS, and Exness:
Broker | Market Instruments |
FXCE | Forex, Metals, Indices, Commodities, Cryptocurrency, Shares |
FXPro | Forex, Metals, Indices, Energies, Cryptocurrency, Shares, Futures |
IC Markets | Forex, Metals, Indices, Commodities, Cryptocurrency, Shares |
FBS | Forex, Metals, Indices, Energies, Cryptocurrency, Shares, Stocks |
Exness | Forex, Metals, Indices, Energies, Cryptocurrency, Shares |
According to the website, there is a singular account type. Having only one account type can present several disadvantages for both the broker and the traders. Firstly, it restricts the broker's ability to cater to a diverse range of traders with varying preferences and trading strategies, potentially limiting their customer base.
Secondly, traders may find themselves with limited choices and features, as the account type may not align perfectly with their specific needs and risk tolerances. The lack of account variety may hinder the broker's competitiveness in the market, as it may struggle to attract traders seeking specialized services and offerings.
To open an account on a brokerage website like FXCE, follow these general steps:
Visit the FXCE website: Go to the official FXCE website by entering the URL in your web browser.
Locate the account registration page: Look for a specific section or page on the website that is dedicated to account registration or account opening.
3. Click on “Open an Account” or similar: Find the appropriate button or link that initiates the account opening process.
4. Provide personal information: Fill out the required fields in the registration form. This may include your name, email address, phone number, and other relevant details.
5. Choose an account type: Select the type of account that suits your trading needs, if options are provided.
6. Agree to terms and conditions: Read through the terms and conditions of the brokerage and check the box or provide consent to indicate your agreement.
7. Complete any additional steps: Depending on the broker's requirements, you may need to provide additional documents for verification, such as identification proof or proof of address.
8. Fund your account: Once your account is successfully registered, you can proceed to fund your trading account with the desired amount.
FXCE offers leverage of up to 1:500 to its traders. Leverage allows traders to control larger positions in the market with a smaller amount of capital. A leverage ratio of 1:500 means that for every unit of capital, traders can open positions that are up to 500 times larger. This high leverage can potentially amplify both profits and losses in trading.
Here is a table comparing the maximum leverage ratios offered by FXCE, FXPro, IC Markets, FBS, and Exness:
Broker | Maximum Leverage |
FXCE | Up to 1:500 |
FXPro | Up to 1:500 |
IC Markets | Up to 1:500 |
FBS | Up to 1:3000 |
Exness | Up to 1:2000 |
FXCE offers spreads starting from 0 pips. The spread refers to the difference between the bid and ask price of a financial instrument. With spreads starting from 0 pips, it indicates that there is no additional cost added to the execution of trades. This can be advantageous for traders as it reduces the overall cost of trading and enhances the potential for profitable trades.
FXCE provides deposit and withdrawal methods through USDT, a stablecoin pegged to the US dollar, and 9PAY, an e-wallet service. Traders can use these payment methods to conveniently deposit funds into their trading accounts or withdraw profits. E-wallets, like 9PAY, offer a secure and digital payment solution that allows for quick and efficient transactions.
FXCE uses MetaTrader 5 as their trading platform. MetaTrader is a widely recognized and popular trading platform known for its comprehensive features, user-friendly interface, and advanced charting tools. It offers a range of trading capabilities, including market analysis, automated trading through expert advisors, and the ability to execute trades across different financial instruments.
Here is a table comparing the trading platforms offered by FXCE, FXTM, Exness, Pepperstone, and FP Markets:
Broker | Trading Platforms |
FXCE | MetaTrader 5 |
FXTM | MetaTrader 4, MetaTrader 5, WebTrader |
Exness | MetaTrader 4, MetaTrader 5, WebTrader |
Pepperstone | MetaTrader 4, MetaTrader 5, cTrader |
FP Markets | MetaTrader 4, MetaTrader 5, IRESS, WebTrader |
Customer Support: FXCE offers customer support through various channels. To reach them, you can utilize the following options:
Email: Traders can contact FXCE's customer support team by sending an email to support@fxce.com. This allows for written communication and the opportunity to provide detailed inquiries or explanations.
Phone (English): For immediate assistance, English-speaking traders can reach out to FXCE's customer support team at +44 7723 181006. This phone number provides a direct line of communication to address queries or concerns.
FXCE provides both online and offline training courses to enhance traders' knowledge and skills. These courses aim to provide educational material and resources to help traders understand various trading concepts, strategies, and market analysis techniques. The courses may cover topics such as technical analysis, fundamental analysis, risk management, and trading psychology.
FXCE is an unregulated financial broker trading services in various market instruments such as Forex, Metals, Indices, Commodities, Cryptocurrency, and Shares. With a focus on leveraging the MetaTrader 5 trading platform, FXCE offers traders the opportunity to engage in several markets with spreads starting from 0 pips. The company offers a maximum leverage of up to 1:500, enabling traders to control larger positions in the market.
FXCE provides customer support through email and phone, offering assistance in English. While educational content is available in the form of online and offline training courses, specific details about account types, minimum deposit requirements, and regulatory authorities are not provided.
Q: What markets can traders access through FXCE?
A: Traders can access Forex, Metals, Indices, Commodities, Cryptocurrency, and Shares markets.
Q: Does FXCE offer a regulated trading environment?
A: FXCE operates without valid regulatory information, making it an unregulated broker.
Q: What is the leverage ratio offered by FXCE?
A: FXCE provides leverage of up to 1:500 to traders.
Q: Which trading platform does FXCE offer?
A: FXCE offers the MetaTrader 5 trading platform.
Q: What are the available customer support options?
A: Traders can contact FXCE's customer support via email and phone (English).
Q: Are there specific details about account types provided by FXCE?
A: No specific information about account types was mentioned.
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