Company Name
Gleneagle Securities (Aust) Pty Ltd.
Company Abbreviation
FXTRADING.com
Platform registered country and region
Australia
Company website
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YouTube
Company summary
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Expose
| FXTRADING.com Review Summary in 10 Aspects | |
| Founded | 2014 |
| Headquarters | Sydney, Australia |
| Regulation | ASIC |
| Market Instruments | Forex, Crypto, CFDs, Share CFDs, Commodities, Spot Metals, Energies, Indices |
| Demo Account | Available |
| Leverage | 2000:1 |
| EUR/USD Spread | From 0.1 pips |
| Trading Platforms | MT4、MT5、WebTrader |
| Minimum deposit | $50 |
| Customer Support | 24/5 live chat, phone, email |
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
FXTRADING.com has a lot of advantages, including a wide range of trading instruments, reliable trading platforms, and a variety of trading tools and educational resources. The broker also offers several account types to cater to different trading needs, and its customer support team is available 24/5 to assist clients.
However, clients from the USA, Ontario Province inside Canada, North Korea, Iran and New Zealand are not accepted by the broker.
| Pros | Cons |
| • Regulated by ASIC | • Clients from the USA, Ontario Province inside Canada, North Korea, Iran and New Zealand are not accepted |
| • Wide range of trading instruments | |
| • Multiple trading platforms and tools available | |
| • Comprehensive education resources | |
| • Variety of payment methods | |
| • 24/7 AI customer support |
Please note that the above table is not exhaustive and may not include all the pros and cons of FXTRADING.com.
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.
How are you protected？
| Protection Method | Description |
| Regulation | ASIC |
| Segregated Accounts | Client money is kept separate from the broker's own operating funds, which helps to protect clients' funds in the event of the broker's insolvency |
| SSL Encryption | To protect clients' personal and financial information from unauthorized access or theft |
| Two-Factor Authentication | As an extra layer of security for clients' accounts, which helps to prevent unauthorized access to accounts even if a client's login credentials are compromised |
| Negative Balance Protection | Clients' accounts cannot go into negative balance, ensuring that clients will not be responsible for any losses beyond their account balance |
| KYC/AML Procedures | To verify clients' identities and prevent money laundering or other illegal activities, which helps to ensure the integrity of the trading platform and protect clients' funds |
Note that this table is not exhaustive and there may be other protections or security measures in place at FXTRADING.com.
Our Conclusion on FXTRADING.com Reliability:
Based on the provided information on FXTRADING.com, the broker seems to prioritize its clients' safety and security by implementing various measures such as regulation by top-tier authorities, account segregation, negative balance protection, and SSL encryption. Overall, FXTRADING.com appears to be a reliable broker for traders.
However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.
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. This variety of instruments allows clients to diversify their trading portfolio and take advantage of different market opportunities.
Accounts
Demo Account: FXTRADING.com provides a demo account that allows you to try out the financial markets without the risk of losing money.
MT4 Live Account: FXTRADING.com offers a total of 2 account types: Standard and Pro. The minimum deposit to open an account is $50. If you are still a beginner and don't want to invest too much money in Forex trading, a Standard account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.
Leverage
FXTRADING.com offers a maximum leverage of up to 1:2000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
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.
Below is a comparison table about spreads and commissions charged by different brokers:
| Broker | EUR/USD Spread | Commission |
| FXTRADING.com(Standard Account） | 1 pip | No |
| Admiral Markets | 0.5 pips | No |
| Pepperstone | 0.16 pips | AUD 3.5/lot |
| Tickmill | 0.0 pips | USD 2/lot |
Note: Spreads can vary depending on market conditions and volatility.
Trading Platforms
FXTRADING.com offers a variety of 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 and WebTrader, allowing you to start trading directly after opening an account without the need for any additional downloads.
Overall, FXTRADING.com's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both novice and experienced traders. Please refer to the trading platform comparison table below:
| Broker | Trading Platform |
| FXTRADING.com | MT4, MT5, WebTrader |
| Admiral Markets | MT4, MT5, WebTrader |
| Pepperstone | MT4, MT5, cTrader |
| Tickmill | MT4, MT5, WebTrader |
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. Overall, these trading tools can help traders make more informed trading decisions and improve their overall performance in the financial markets.
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.
FXTRADING.com minimum deposit vs other brokers
| FXTRADING.com | Most other | |
| Minimum Deposit | $50 | $100 |
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.
FXTRADING.com Money Withdrawal
To withdraw funds from FXTRADING.com, you can follow these steps:
Step 1: Log in to your account on the FXTRADING.com website.
Step 2: Click on the “Withdrawal” button in the “My Account” section.
Step 3: Select the account you want to withdraw funds from and choose the withdrawal method.
Step 4: Enter the amount you wish to withdraw and follow the on-screen instructions to complete the process.
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.
Overall, FXTRADING.com's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
| Pros | Cons |
| • Offers multilingual support 24/5 | • Limited availability during weekends and public holidays |
| • Live chat support available on the website | |
| • Quick response time to email inquiries | |
| • Knowledgeable and helpful customer service representatives |
Note: These pros and cons are subjective and may vary depending on the individual's experience with FXTRADING.com's customer service.
Educational Resources
FXTRADING.com offers a range of educational resources to help traders improve their knowledge and skills. The Market News section provides the latest updates on market events and trends, while the FXT Analysis section offers expert analysis and commentary. The Trading Insight section contains a variety of educational materials, including trading strategies and tutorials on technical and fundamental analysis. The FXT Navigator Guide is a comprehensive guide for traders on how to use the platform's features and tools. Additionally, FXTRADING.com offers webinars hosted by industry experts, providing traders with the opportunity to learn directly from experienced professionals.
Conclusion
In conclusion, FXTRADING.com is a well-regulated broker offering a wide range of trading instruments, powerful trading platforms, and comprehensive trading tools and resources. The broker's low spreads, flexible leverage options, and multiple account types cater to traders of all levels. The customer support team is professional and responsive, and the educational resources are valuable for beginner and experienced traders alike. While there are some fees associated with trading, overall, FXTRADING.com provides a competitive and reliable trading environment.
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, MT5, and WebTrader.
What is the minimum deposit for FXTRADING.com？
The minimum initial deposit to open an account is $50.
Is FXTRADING.com a good broker for beginners？
Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
Risk Warning
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
