Note: For some unknown reason, we cannot open FundFXs official site (https://www.fundfx.com) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
FundFX is allegedly a forex and CFD broker established in Geneva-Switzerland as of 2014. It has offices in the European Union, South Cyprus and the Bahamas. The broker claims to provide its individual and institutional investors with various tradable financial instruments with leverage up to 1:400, floating spreads from 4 pips and no commissions on the industry-standard MT4 and MT5 trading platforms, as well as a choice of four different live account types and 24/5 customer support service.
As for regulation, it has been verified that FundFX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.75/10. Please be aware of the risk.
Market Instruments
FundFX advertises that it offers access to 30,000 instruments across six different asset classes which include Forex, Domestic and International Stocks, Cryptocurrency, Commodities and Indices.
Account Types
FundFX claims to offer four types of trading accounts, namely Standard, Gold, Platinum and Diamond. The minimum initial deposit amount is $100 for the Standard account, while the other three account types have much higher minimum initial capital requirements of $5,000, $10,000 and $20,000 respectively.
Leverage
The leverage provided by FundFX is capped at 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
FundFX claims that the spread differs depending on account types. Specifically, the spread on the Standard account starts from 7 pips, from 6 pips on the Gold account, from 5 pips on the Platinum account and 4 pips on the Diamond account. There is no commission charged.
Trading Platform Available
Platforms available for trading at FundFX are said to be the industrys leading MetaTrader4 and MetaTrader5 on PC Desktop, Tablet, Laptop and Mobile devices. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
The minimum initial deposit requirement at FundFX is said to be $100. However, the broker says nothing about the acceptable deposit and withdrawal methods.
Customer Support
FundFXs customer support can be reached by telephone: +359 87 849 1129, +45 92 45 04 33, email: support@fundfx.com. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and YouTube. Company address: Artillerivej 90 3rd Floor 2300 Copenhagen; 76A James Boucher Blvd., Lozenetz Region, Sofia, 1421, Bulgaria.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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