FXView
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Popularity | |
Leverage | Up to 1:30 |
Minimum Deposit | €200 |
Regulation | CySEC, FCA, BaFin, CONSOB, CNMV |
Payment Methods | Bank Transfer, Skrill, Neteller, Mastercard, Verified By Visa |
Trading Assets | Forex, Commodities, Indices, Stocks |
MT4 | ✅ |
MT5 | ✅ |
Spreads | From 0.3 Pips |
Average cost: EUR/USD | 0.00002 |
Demo Account | ✅ |
Islamic Account | ❌ |
MAM | ❌ |
PAMM | ❌ |
CopyTrading | ❌ |
ZuluTrade | ❌ |
Scalping | Yes |
Signals | ❌ |
EAs/Robots | Available |
Negative Balance Protection | Yes |
Deposit Fee | ❌ |
Withdrawal Fee | ❌ |
Inactivity Fee | ❌ |
Year Established | 2020 |
Address | 319, 28th October Street, Kanika Business Center, Office 201B, 3105 Limassol, Cyprus |
Contact Information | Email: [email protected], Phone: +357 25 262 010 |
Mobile Trading APP | Not Available |
Rating | ★★★★☆ (4.2) |
Website |
Pros and Cons
- Ultra-low spreads starting from 0.0 pips
- Low commission rates ($1 per $100k)
- Regulated by several top-tier authorities including CySEC and FCA
- Advanced trading platforms including MT4 and MT5
- Comprehensive range of trading tools and resources
- Limited social trading options
- No 24/7 customer support
- Islamic accounts not available
- High risk of losing money rapidly due to leverage
Introduction
FXView stands as a prominent player in the forex and CFD brokerage industry, appealing to a wide range of traders with its compelling blend of competitive pricing, advanced technological resources, and stringent regulatory adherence.
In this detailed review, we will explore various facets of the broker, including its trading platforms, asset classes, account types, customer support, and more.
Our goal is to provide a thorough analysis to assist potential traders in making informed decisions.
Open a free accountRegulatory Compliance and Safety of Funds
Regulatory Background
FX View is rigorously regulated by several top-tier financial authorities:
- Cyprus Securities and Exchange Commission (CySEC): The company operates under the license from CySEC, ensuring compliance with EU financial regulations.
- Financial Conduct Authority (FCA) in the UK: This adds an extra layer of trust, given the FCA’s stringent oversight.
- Other notable regulatory bodies include BaFin (Germany), CONSOB (Italy), and CNMV (Spain).
This multi-regulatory framework underscores its commitment to maintaining the highest standards of corporate governance and client protection.
Safety Measures
- Segregated Accounts: Clients’ funds are kept in segregated accounts, separate from the company’s funds, ensuring safety against misuse.
- Investor Compensation Fund (ICF): Offers added protection by covering eligible investors up to €20,000 per person in the unlikely event of broker insolvency.
These measures provide traders with significant reassurance that their capital is handled with utmost integrity.
Trading Platforms and Technology
MetaTrader 4 and MetaTrader 5
FXView offers both MT4 and MT5 platforms, catering to different levels of traders’ needs:
- MT4: Renowned for its user-friendly interface, robust functionality, and customization capabilities through scripts and Expert Advisors (EAs).
- MT5: Offers additional features like more timeframes, economic calendars integrated directly into the platform, and enhanced order management tools.
Both platforms are available on desktop and mobile devices, ensuring traders can manage their positions anywhere and anytime.
Proprietary Platforms and Tools
- ActTrader: Another platform choice that offers a sleek design and intuitive user interface, suitable for trading multiple asset classes.
- Trading Tools: FXView provides a range of advanced tools including VPS, API trading, and an economic calendar to help traders make informed decisions.
These technologies demonstrate their commitment to providing cutting-edge tools to enhance trading efficiency.
Asset Classes and Market Coverage
FX View offers an extensive range of tradable assets across various markets:
- Forex: Trade major, minor, and exotic currency pairs with competitive spreads.
- Commodities: Includes metals like gold and silver, plus energy commodities such as oil and natural gas.
- Indices & Stocks: Offers trading on major global indices and shares from leading companies.
- Cryptocurrencies: Available for traders looking to explore digital currencies like Bitcoin and Ethereum.
This diversity allows traders to diversify their portfolios and capitalize on various market opportunities.
Account Types
FXView understands that traders have varying levels of experience, capital, and risk tolerance.
As a result, it offers a wide array of account types to cater to diverse trading needs and preferences.
Below, we provide a detailed overview of the account types available, highlighting the key features and benefits of each to help you decide which best suits your trading style and objectives.
Standard Account
- Purpose: Designed for traders new to the forex market or those who prefer simplicity in their trading operations.
- Minimum Deposit: Typically set at a reasonable amount, making it accessible for beginners.
- Spreads: Starting from 1 pip, with no commissions on trades.
- Leverage: Up to 1:30, aligning with regulatory standards to manage risk effectively.
This account type is ideal for less experienced traders or those who do not wish to commit a significant amount of capital initially.
ECN Account
- Purpose: Aimed at more experienced traders who seek tighter spreads and faster execution for high-volume trading.
- Minimum Deposit: Higher than the Standard Account to support the sophisticated trading infrastructure.
- Spreads: From 0.0 pips, with commissions charged per lot traded.
- Leverage: Flexible options that can go higher, depending on the trader’s experience and risk management preferences.
ECN accounts are best for professional traders who need direct access to market liquidity and faster execution speeds.
Demo Account
- Purpose: To allow new traders to practice trading strategies and familiarize themselves with platform features without any risk.
- Virtual Funds: Traders can use virtual money to trade, learning the ins and outs of market dynamics.
- Access to Real Market Conditions: Offers a real-time trading environment, including access to live spreads and execution speeds.
- Risk-Free: No actual money is at risk, making it an excellent educational tool.
Demo accounts are a valuable resource for beginner traders and those looking to experiment with new strategies without financial consequences.
Professional Account
- Purpose: For high-net-worth individuals and experienced traders who can meet certain criteria qualifying them as professional clients.
- Higher Leverage Options: Professionals can access higher leverage than retail clients.
- Reduced Margin Requirements: Allows for more significant positions with less capital.
- Exclusive Support and Services: Professional clients may receive tailored services including dedicated account managers and customized trading advice.
Professional accounts are suitable for seasoned traders who meet specific regulatory criteria and seek advanced features and greater leverage.
Choosing the Right Account
When selecting an account type, consider the following:
- Trading Strategy: Does your strategy require low spreads, or are you more comfortable with wider spreads but no commissions?
- Experience Level: More experienced traders might benefit from the features of an ECN or Professional account, while beginners might prefer the simplicity of a Standard account.
- Capital Availability: Ensure the minimum deposit requirement aligns with your financial situation.
- Regulatory Compliance: All account types comply with the regulatory standards of the jurisdictions where it operate, ensuring a safe and secure trading environment.
By offering a diverse range of account types, they cater to a broad spectrum of traders, ensuring that there is a suitable option for every trader’s needs and levels of expertise.
Get a 100% deposit bonusLeverage and Spreads
- Leverage: Up to 1:30 for retail clients, offering significant exposure with relatively small capital outlays.
- Spreads: Start from as low as 0.0 pips, depending on the account type and market conditions.
These trading conditions are designed to provide flexibility and competitive edges to FXView clients.
Customer Service
- Availability: Customer support is available 24/5 via live chat, email, and phone.
- Languages: Multilingual support caters to a global clientele, enhancing accessibility and understanding.
Educational and Training Resources
- Webinars and Tutorials: Regularly updated to help traders stay informed about market dynamics.
- Trading Guides and Glossary: Useful for beginners to get acquainted with trading terms and strategies.
These resources are crucial for both new and experienced traders to enhance their trading knowledge and skills.
Payment Methods and Withdrawal Process
Depositing Funds
It supports many types of payment methods:
- Credit/Debit Cards: Visa, MasterCard
- E-Wallets: PayPal, Skrill, Neteller
- Bank Wire Transfer
Withdrawals
- Fast and Efficient: FXView processes withdrawals quickly, usually within 24 hours.
- No Hidden Fees: Transparent fee structure with no charges on deposits and withdrawals.
Efficient fund management is pivotal for traders, and they excel in providing a hassle-free financial transaction environment.
Trading Experience
FXView’s commitment to a seamless trading experience is evident from their robust technological infrastructure and user-friendly interface designs.
Here’s a closer look at what traders can expect:
- Execution Speed: Rapid trade execution ensures that traders can take advantage of market opportunities without delay, minimizing slippage and potentially improving profitability.
- Stability: The platforms are reliable, with minimal downtime, which is crucial for uninterrupted trading, especially during volatile market conditions.
Customizability and Tools
- Charts and Indicators: Both MT4 and MT5 platforms provide extensive charting capabilities and technical indicators which are essential for conducting thorough market analysis.
- Automated Trading: Traders can utilize EAs (Expert Advisors) on both MetaTrader platforms, allowing for automated trading strategies that operate without constant manual oversight.
This level of technical sophistication caters to both novice traders and seasoned professionals who require advanced tools and customizable options to tailor their trading environment.
User Interface and Mobile Trading
In today’s fast-paced trading world, mobile access is crucial. The company provides a mobile trading experience that is both intuitive and feature-rich.
- Mobile App Features: The mobile versions of MT4 and MT5 include full order functionality, interactive charts, and a range of technical indicators.
- Accessibility: Designed for on-the-go trading, the apps ensure that the clients can monitor the markets, execute trades, and manage their accounts from anywhere in the world with an internet connection.
The mobile trading solutions offered ensure that traders are never too far from the markets, whether at home, in the office, or traveling.
Transparency and Fair Trading
The broker prides itself on transparent pricing and fair trading conditions.
Key aspects include:
- No Hidden Fees: The broker clearly outlines any charges associated with trading activities, ensuring traders are not met with unexpected costs.
- Fairness in Pricing: FXView provides real-time market prices with no manipulations, offering traders fair access to the financial markets.
Trading Insights and Market Analysis
To support clients in making well-informed trading decisions, FXView offers a suite of analytical tools and market insights:
- Market News: Updated regularly, providing traders with the latest market trends and news directly affecting their trading decisions.
- Economic Calendar: Tracks important economic events that can impact market volatility and trading opportunities.
Traders can stay ahead of market movements with these resources, making informed decisions based on current economic conditions and market analysis.
Commitment to Client Education
The company recognizes the importance of education in trading success and provides comprehensive learning resources:
- Educational Videos and Articles: Cover fundamental and technical analysis, trading strategies, and risk management.
- Live Webinars: Offer real-time insights and allow participants to interact directly with seasoned market analysts.
This commitment to education ensures that traders have access to continuous learning opportunities to enhance their trading skills and knowledge.
Community and Customer Engagement
FXView values its community and engages with its clients through various channels:
- Customer Support: Available via multiple channels, providing prompt and helpful responses to client queries.
- Feedback Mechanism: Clients are encouraged to provide feedback, which is used to enhance its services and address any client concerns.
Conclusion
Choosing FXView means partnering with a broker that offers more than just a trading platform.
It provides a comprehensive trading solution that includes:
- Robust Regulatory Adherence: Ensures safety and integrity in all trading activities.
- Advanced Technological Tools: Empowers traders with state-of-the-art trading platforms and tools.
- Diverse Market Access: Offers a wide range of tradable assets across multiple markets.
- Education and Support: Prioritizes trader education and offers exceptional customer service.
This broker stands out as a top choice for traders who value a blend of technological excellence, comprehensive market access, and educational support.
Whether you’re starting your trading journey or looking to advance your trading strategies, FXView offers a dynamic trading environment designed for success.
Visit official website: www.fxview.comUser Reviews
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Frequently Asked Questions (FAQ)
What is the minimum deposit required to open an account?
The minimum deposit to open an account is €200, which allows traders to access all the trading platforms and instruments.
Is FXView regulated?
Yes, the company is regulated by multiple authorities including CySEC, FCA, and BaFin, ensuring a secure and fair trading environment.
Does it offer a demo account?
Yes, FXView offers a demo account to help traders practice their trading strategies in a risk-free environment.
What trading platforms are available?
FXView provides access to MT4 and MT5, two of the most popular trading platforms, known for their robust features and user-friendly interfaces.
Are there any fees for deposits and withdrawals ?
No, it does not charge any fees for deposits or withdrawals, making it easier for traders to manage their funds.
How can I contact their customer support?
FXView customer support can be reached via email at [email protected] or by phone at +357 25 262 010 during business hours.
What are the trading hours?
Trading hours vary by market, but generally, it operates 24/5, aligning with global Forex market hours.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Last update: May 2, 2024