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/10

FXPace

Australia|5-10 years|
Suspicious Regulatory License|White label MT4|Regional Brokers|Clone Firm Australia|High potential risk|

https://www.fxpace.com.au/en

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

4
Server Name
FXPaceAU-Demo1 MT4
Server Location Netherlands

Contact

support@FXPace.com.au
https://www.fxpace.com.au/en

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Notesco Pty Limited

Company Abbreviation

FXPace

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-21
  • The claimed AustraliaASIC regulation (license number: 417482) is verified as a clone firm. Please pay attention to the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

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FXPace · Company Summary

General Information

FXPace is an offshore forex and CFD broker, offering several account types with generous leverage and the MetaTrader4 platform.

Regulation

FXPace is a trade name of Salvax Limited, a company registered in Bermuda, which also operates a couple of other brokers – Navitas Markets and FXSuit. Unfortunately the broker does not hold a legit license, so it unsafe to invest with this broker.

Markets Instruments

FXPace offers quite a selection of CFDs – on crypto coins like Bitcoin, Ethereum, Ripple and Litecoin, precious metals, namely gold, silver, platinum and palladium, commodities, including corn, soybeans, wheat, coffee, cocoa, rice, sugar cotton and copper, as well as 17 indices, oil, natural gas and stocks.

Minimum Deposit

The minimum initial deposit requirement to start trading with FXPace is not that high-100 USD. Although this is reasonable, traders are not advised to trade with this broke given the fact that it is unregulated.

Micro Trade Size

The minimum trade size allowed by FXPace is 0.01 lot.

Leverage

Leverage as high as 1:500 is basically as good as it can get and it surely will attract many traders despite the higher risk, associated with it.

Spreads & Commissions

Spreads, as tested with a demo account, started around 1.6 pips, which is more or less fine with a standard account.

Trading Platform Available

FXPace offers MT4 trading platform. The presence of MetaTrader4 has always been welcome. The platform is light, fast and highly reliable, featuring numerous market indicators and trading bots, with which you can run automated trading sessions.

Deposit& Withdrawal

Popular e-wallets like Neteller and Skrill are accepted as payment methods and that is a good news. Otherwise you can pay with major credit or debit cards like VISA and MasterCard, as well as bank wire.

User Reviews

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朱朱51342
more than one year
What the hell? The company's website made me log in as soon as it opened. Is the website misplaced? Usually a forex broker's official website should introduce the company to clients. I don't want to look for the right site, I feel like it's a waste of time. With so many companies in the foreign exchange industry, I have plenty of other options. Adios!
2023-03-16 16:31
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