FXBankseeding Information
FXBankseeding is a Suspicious Clone broker that provides various trading instruments including forex, commodities, indices, stocks, and cryptocurrencies. The maximum leverage of FXBankseeding is 1:2000. FXBankseeding also offers standard accounts with spreads of 1 pips and ECN accounts with commissions of $1 per lot.
Pros and Cons
Is FXBankseeding Legit?
FXBankseeding is a Suspicious Clone even though it claims to be regulated by the FCA and CySEC with license numbers 730729a and 178/12 respectively.
What Can I Trade on FXBankseeding?
Forex, commodities, indices, stocks, and cryptocurrencies are FXBankseeding's tradable Instruments. Forex involves trading currency pairs divided into primary, secondary, and exotic. Traders, without owning the underlying assets, can trade commodities, indices, stocks, and cryptocurrencies through CFDs.
Account Type
FXBankseeding provides standard and ECN accounts. The standard account's leverage is up to 1:2000, while the ECN account's is 1:200. Both accounts offer demo accounts.
FXBankseeding Fees
The standard account does not require commission but the minimum spread required is 1pips, while the ECN account does not require spread but the commission is $1 per lot.
Leverage
The maximum leverage is 1:2000 meaning profits and losses will be expanded 2,000 times.
Trading Platform
FXBankseeding supports traders using MT4, which is more suitable for novices than MT5.
Deposit and Withdrawal
The minimum spread is $100, which is a relatively low deposit. FXBankseeding offers a variety of payment methods such as credit/debit cards, bank wire transfers, and e-wallets.
Credit/Debit cards include Visa、Mastercard、Maestro、American Express、and UnionPay, while e-wallets include Skrill、Neteller、WebMoney、FasaPay. Bank wire withdrawals require a $25 handling fee. Deposits are usually processed within 24 hours, while withdrawals can take up to 5 working days.
Customer Support Options
FXBankseeding only accepts email contact, which means that traders in emergencies need more time than phone calls and online chats.
2023-12-22 11:43
