Company Name
Gleneagle Securities (Aust) Pty Ltd.
Company Abbreviation
FXTRADING.com
Platform registered country and region
Australia
Company website
X
YouTube
Company summary
Pyramid scheme complaint
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 0.0 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
| 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 |
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.
| Feature | Pro Account | Standard Account |
|---|---|---|
| Base Currency Options | AUD, USD, EUR, GBP, SGD, NZD, CAD, HKD | AUD, USD, EUR, GBP, SGD, NZD, CAD, HKD |
| Spread | Raw Spreads | Variable from 1 pip |
| Commission | $2 USD per lot / per side | None |
| Leverage | Maximum 2000:1 | Maximum 2000:1 |
| Maximum Opening Orders per Account | 200 positions | 200 positions |
| Maximum Pending Orders per Account | 200 positions | 200 positions |
| Maximum Lots per Order | Equity Indices: 250 Lots, Other Asset Classes: 100 Lots | Equity Indices: 250 Lots, Other Asset Classes: 100 Lots |
| Minimum Deposit | $50 USD | $50 USD |
| Minimum Trade Size | 0.01 Lots | 0.01 Lots |
| Platforms | MT4, MT5 | MT4, MT5 |
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.
