What is FXTRADING.com?
FXTRADING.com is an online brokerage firm that offers trading services for various financial instruments such as forex, cryptocurrencies, shares, commodities, spot metals, energies, and indices. The company was established in 2014 and is headquartered in Sydney, Australia. FXTRADING.com is regulated by the Australian Securities and Investments Commission (ASIC). The broker provides its clients with a range of trading platforms including MetaTrader4 (MT4), MetaTrader5 (MT5)and WebTrader. It offers several trading tools and educational resources. FXTRADING.com also has a 24/5 customer support team that can be reached via phone, email, and live chat.
Pros & Cons
Is FXTRADING.com Legit?
FXTRADING.com is a regulated and licensed broker.
GLENEAGLE SECURITIES (AUST) PTY LIMITED is authorized and regulated by the Australia Securities & Investment Commission (ASIC), holding a Market Making license under license no. 337985.
GLENEAGLE ASSET MANAGEMENT LIMITED is authorized and regulated by the Australia Securities & Investment Commission (ASIC), holding a Market Making license under license no.226199.
Gleneagle Securities Pty Limited, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), holding a Retail license under license no.40256.
Market Instruments
FXTRADING.com offers a diverse range of trading instruments for their clients, covering over 10,000 instruments. These instruments include Forex, Crypto CFDs, Share CFDs, Commodities, Spot Metals, Energies, and Indices. Clients have access to a variety of popular trading pairs in the forex market, as well as a selection of cryptocurrencies and share CFDs from leading global companies.
Additionally, they offer various spot metals such as gold and silver, as well as energies like crude oil and natural gas, and indices from around the world.
Account Types
FXT offers two account types. The Pro Account is tailored for veteran financial professionals, offering industry-leading commissions of $2 per round/per lot, raw spreads from 0.0 pips, market-leading swap rates, and deep liquidity pools for sophisticated trading strategies.
On the other hand, the Standard Account provides zero-commission trading, spreads starting from 1.0 pips, and an efficient trading environment with fast execution and market-leading swap rates.
Leverage
FXTRADING.com offers a maximum leverage of up to 1:2000, which is a generous offer and ideal for professional traders and scalpers.
Spreads & Commissions
The spreads and commissions depend on accounts and instruments. For clients on the Standard account, they can have variable spreads from 1 pip and there is no commission, while for clients on the Pro account, they can enjoy raw spreads from 0 pips but have to pay a commission of $2.0 per lot.
Trading Platforms
FXTRADING.com offers MT4 & MT5 trading platforms to meet the diverse needs of its clients.
One of the most popular platforms is MetaTrader 4 (MT4), available for PC, Mac, iOS, Android, and as a web-based version. MT4 is a user-friendly platform equipped with advanced charting tools, technical indicators, and automated trading options.
In addition to MT4, FXTRADING.com also provides MT5, allowing you to start trading directly after opening an account without the need for any additional downloads.
Trading Tools
FXTRADING.com provides its clients with a wide range of trading tools to enhance their trading experience. These tools include FXT Navigator, which allows traders to view market data and analyze it through a customizable interface. Trading Central offers daily technical analysis and market insights, while the Economic Calendar provides traders with the latest economic news and announcements that can impact the financial markets.
Market Sentiment offers a view on how other traders are positioned on various instruments, while API Trading and VPS are advanced tools designed for more experienced traders who use algorithmic trading strategies and need reliable and fast connectivity.
Deposits & Withdrawals
In terms of deposit and withdrawal, like many good brokers, FXTRADING.com provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc. Deposits include PayPal, VISA, MasterCard, Neteller, UnionPay, Local Internet Banking, POLi, International Bank Wire Transfer and Local Bank Transfer.
The minimum deposit requirement is $50 to open an account. Most deposits are instant and no fees are charged. By contrast, Clients can withdraw with PayPal, VISA, MasterCard, Neteller, International Bank Wire Transfer, UnionPay and Local Bank Transfer. Please note that withdrawal processing times may vary depending on the selected method and any applicable fees or restrictions may apply. Most withdrawals can be processed in 24 hours without any fees.
Fees
FXTRADING.com does not charge any deposit and withdrawal fees, but there may be additional fees charged by banks or other intermediaries involved in the transfer of funds.
Customer Service
FXTRADING.com offers customer support 24/7 AI support, and 24/5 via email, phone, and live chat. It supports both English and Chinese. Their website also includes a FAQ section with answers to commonly asked questions. You can also follow them on some social networks including Facebook, Twitter, LinkedIn, Instagram and Twitter.
Frequently Asked Questions (FAQs)
Is FXTRADING.com legit?
Yes. It operates legally under regulations of ASIC and VFSC.
At FXTRADING.com, are there any regional restrictions for traders?
Yes. Restricted Countries: the USA, Ontario Province inside Canada, North Korea, Iran and New Zealand.
Does FXTRADING.com offer the industry-standard MT4 & MT5?
Yes. It supports MT4 and MT5.
What is the minimum deposit for FXTRADING.com?
The minimum initial deposit to open an account is $50.
Risk Warning
Online trading carries substantial risk, potentially leading to the total loss of invested funds.
HLHN
Vietnam
On 07/03, I opened an investment order on the platform, but the system notified me that the investment order was faulty and rejected. I checked my active orders and found that there was no active order. After about 30 seconds, the system automatically re-entered the previous rejected orders. I tried to close the order, but the system did not allow it and displayed an error message "operation error" without closing my investment order. I reset the website to check again, but the website reported a system error and I couldn't log in to my account. I checked my network connection and everything was normal. I could still browse other websites or access YouTube as usual. After 30 minutes, I was able to access the platform's website again and found that all my previous orders had been executed and all of them were burned. I reported the issue to the platform, but they tried to delay the process and denied responsibility, claiming that it was my fault. The platform also engages in price manipulation, and the charts on the platform are not accurate. Everyone should be cautious before trusting this investment platform!!!!
Exposure
03-17
Qasim5341
Pakistan
They freez my account without any reason its scam be aware
Exposure
2023-10-21
FX6394545322
Vietnam
My name is : Pham Ngoc.Thach Email : thachpham709@yahoo.com. Number of mt4 opened at fxtrading : 889368. I have deposited 15,419$, traded more than 200 lots of beneficial foreign currencies profit reached $ 34,517, as of today June 23, 2023 after 1 month of trading my mt4 account has $ 50,936, specifically as follows: On May 23, 2023 I have deposited $ 10,000 for trading Up to date 6/6/2023 due to a lot of negative order status, I have added $ 5419 to keep the order from being stopped out and continue to trade until June 15, 2023, then close order and make a profit of $ 34,517 , total assets are $ 50,936 is available on mt4. Until 15/03/2023 I made a withdrawal order but news exchange was maintaining, system could not execute withdrawal order. Until June 16, June 19, June 20, 20/ 6, 21/6, 23/6 I kept making withdrawal orders but they were all rejected. I contacted William Vo who is my account manager to ask why fxtrading canceled my withdrawal order, I got William Vo's withdrawal order. And fxtrading floor said to KYC new account for withdrawal (while I already KYC the account at the time of account opening) so I did. And emailed KYC document to exchange and it was approved. But after KYC. The account has been verified by exchange without any problem, fxtrading side sent me an email to withdraw only deposit, but profit I can't withdraw because of policy violations, I asked if I violated anything, then let me know. But the floor is silent and unresponsive I don't understand why my account is so unreasonable, after many times I email and livechat but it still doesn't solve. So far is June 27th, fxtrading still not paying me. Until June 28, fxtrading deleted money in my mt4 account.
Exposure
2023-07-04
ojith
Sri Lanka
I have been trying to withdraw the profit that i made during the trading. it's been now three days. the request is still on the pending state. When i try to contact the customer support they say to wait until next week. Then i try to contact the so called account manager that was assign to me. she was not even reply to any of my follow up emails.(annie.zhang@fxtrading.com), When i ask from her for the time frame to complete my request or her contact number so that i can discuss my problem with he/she. I think they will let you withdraw first transaction so that you will starting to trust them. but after that they will made excuses when you apply for a withdrawal. As i have attached in the screenshot i have all the rights to withdraw my money. Poor customer service, bad client service
Exposure
2023-06-15
FX2924533064
Ukraine
I can’t withdraw my own money. They deleted my profit and they told they will give my initial deposit after 2 weeks, I have been waiting 1 month. They locked my account and client portal. Please do not deposit here , you can’t get your deposit even.
Exposure
2023-03-08
tcforfh
United Arab Emirates
I have trading Account 886167 Deposit $4500 But they give me $3005 I need my money to be deposited correctly , they don’t give help for me , very disappointed about the service, found is not safe. 5 working days not solve this small issue, don’t trust this broker. Not professional at all . You don’t get any assistance if you need help
Exposure
2023-03-07
FX3958196252
Australia
Used to be named RubixFX, another scam company. They changed name after scamming customers of all money.
Exposure
2021-06-14
Nguyễn Công Lâm10506
Vietnam
There are so many victims like me
Exposure
2021-01-06
Phuc Le
Vietnam
Deposit withdrawal and market execution candle stick chart is amazing but commission for us oil gold and crypto is not reasonable.
Neutral
2024-05-16
visit quintelintelligenceltd3746
Australia
Honestly one of the worst companies I have ever dealt with. Profitable orders are vanished and the company steals your money. When I talk to support about it, even the bot is better than the live chat agent. Reputable sources recommended ~~PEEB.FAN for their excellent recovery service and it was beautiful
Neutral
2023-12-21
Seraphina
Malaysia
FXTRADING.com seemed promising when I first signed up. The platform is neat and the trade execution is fast. However, the lack of customer service responsiveness is a letdown. I have needed assistance with technical issues a couple of times and had to wait a considerable amount of time for a response. Also, there is a limited choice of financial instruments to trade with - not just forex, but across the board. It's a decent platform for beginners, but if you're experienced and looking for more variety, you might want to look elsewhere.
Neutral
2023-11-29
A0 Rock
Malaysia
So, I've been using FXTRADING.com for almost 3 years now, and it's one of the best forex brokers I've ever met. They let you set up API trading, which is awesome for automation freaks like me. Plus, they offer VPS hosting. A ton of stuff to trade too, stocks, forex, even cryptos! And the spreads seem pretty tight, so I'm not getting ripped off on fees. Yes, I've recommended it to several friends.
Positive
2024-08-04
cy63697
Peru
I lost connection to my FXTRADING.com, and connected with a gentleman in support called Joseph. He managed to understand and fix my problem within a few seconds, no mess no fuss. Well done to him.
Positive
2024-06-13
mmm.
Australia
Seriously, FXTrading.com is top notch. When I had an issue with my account freezing, their support was on it super fast. Both their website and app are super easy to use and the option for a joint account is a real plus. Also, their customer service is helpful and quick to respond. Big thumbs up from me!
Positive
2024-04-18
Maximillian
United States
I have been using FXTRADING.com for several months now and I am really impressed with their service. The platform is user-friendly, making it easy to navigate and execute trades. The availability of extensive learning resources has also been a huge benefit, especially for a newbie like me. The customer service team has always been helpful and professional, promptly answering any questions I have. I do wish there were more options for cryptocurrencies, but overall this is a top-notch platform for forex trading.
Positive
2023-11-29
Bulasan Horsati
Ukraine
Pretty good broker, I've been working with him for a year now!
Positive
2023-08-15
Sen8023
Philippines
The customer support is amazing and they always help me out when I need it the most. The trading platform is very intuitive and easy to use, and support is very impressive.
Positive
2023-06-01
Shenna
Philippines
I like that they have a great customer service team who are always available to answer any questions you may have.
Positive
2023-05-31
Joms2535
Philippines
I've never encountered such a helpful company before. I find myself recommending them to friends all the time!
Positive
2023-05-29
mike5728
Philippines
I've never encountered such a helpful company before. I find myself recommending them to friends all the time!
Positive
2023-05-22