FxPlayer

FxPlayer Information

FxPlayer Ltd was founded in 2014, specializing in the True ECN/STP trading model. Relying on pricing from tier-1 banks, it offers global financial instruments such as foreign exchange, commodities, and indices. However, it lacks regulatory oversight and has insufficient transparency in fees.

Pros and Cons

Is FxPlayer Legit?

FxPlayer is unregulated. Traders are advised to prioritize brokers regulated by authorities such as the FCA or ASIC.

What Can I Trade on FxPlayer?

Account Type

FxPlayer offers 6 account types, with the core differences as follows:

Fees

The average spread for major currency pairs such as EUR/USD is 0.4 pips, and the commission ranges from $0.02 (Institutional account) to $0.06 (Micro account) per micro lot.

Leverage

The maximum leverage for Micro/Mini accounts is 1:100 and For Normal accounts and above, the maximum leverage is 1:200.

Trading Platform

FxPlayer provides a self-developed platform, FxPlayer Trader, and third-party platforms such as MetaTrader 4/5 (Web), Currenex, suitable for institutional users, and UniTrader/ActTrader.

Deposit and Withdrawal

Deposit

FxPlayer supports deposits via credit cards (VISA/MC), e-wallets (PayPal), Bitcoin, and bank wire transfers (for some accounts). A 100% bonus is available for the first deposit (subject to trading volume requirements).

Withdrawal

Processing is usually done on the same day or the next working day. Applications submitted after 12:00 EET will be postponed.

Bonus

FxPlayer offers a tiered deposit bonus. Deposits ranging from $100 to $1,000+ are eligible for 100%-500% bonuses (up to $5,000). However, to qualify, users must complete 50 lots of forex trading within 2 months for every $100 bonus received, and each account is limited to one bonus claim.