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FXTRADING.com -

Score

8.66 /10
Perfect

FXTRADING.com

Australia

Above 20 years

Regulated in Australia

Market Making(MM)

MT4 Full License

Medium potential risk

Offshore Regulated

https://fxt-intl.org

Benchmark

B

Influence

B

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Comparison

Quantity 7

Exposure

Open Account
Website

Score

Regulatory Index8.19

Business Index9.13

Risk Management Index8.90

Software Index9.99

License Index8.19

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Gleneagle Securities (Aust) Pty Ltd.

Company Abbreviation

FXTRADING.com

Platform registered country and region

Australia

Company website

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Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2024-09-17
  • The Vanuatu VFSC regulation with license number: 40256 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

FXTRADING.com · Benchmark
Average transaction speed(ms)
481.4
The highest transaction speed(ms)
218
The highest speed of opening positions(ms)
219
The highest speed of closing position(ms)
218
The lowest speed of opening positions(ms)
1460 Good
The lowest speed of closing position(ms)
1937
Ranking： 90 / 132
Test user 1,048
Transactions 4,467
Ocuppied margin $3,352,284 USD
Data Source WikiFX Data provide
Updated: 2024-09-13 01:09:00

Exposure

7 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

Unable to withdraw

There are so many victims like me

2021-01-06 18:08
Unable to Withdraw

Scam company

Used to be named RubixFX, another scam company. They changed name after scamming customers of all money.

2021-06-14 22:58
Resolved

Deposit but not give same amount

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

2023-03-08 15:39
Resolved

Fxtrading does not allow withdrawals, delete profits

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.

2023-07-05 00:04
Others

Account Freez

They freez my account without any reason its scam be aware

2023-10-22 06:23
Resolved

unable to withdraw my initial deposit

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.

2023-03-09 07:09
Resolved

Unable to withdraw

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

2023-06-16 11:53
    Sources
    Data Source WikiFX Data provide
    Updated: 2024-09-17
    FXTRADING.com · Company summary
    FXTRADING.com Review Summary in 10 Aspects
    Founded2014
    HeadquartersSydney, Australia
    RegulationASIC
    Market InstrumentsForex, Crypto, CFDs, Share CFDs, Commodities, Spot Metals, Energies, Indices
    Demo AccountAvailable
    Leverage2000:1
    EUR/USD SpreadFrom 0.1 pips
    Trading PlatformsMT4、MT5、WebTrader
    Minimum deposit$50
    Customer Support24/5 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.

    FXTRADING.com's website

    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.

    ProsCons
    • 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.

    Regulatory Status

    GLENEAGLE ASSET MANAGEMENT LIMITED is authorized and regulated by the Australia Securities & Investment Commission (ASIC), holding a Market Making license under license no.226199.

    Regulatory Status

    Gleneagle Securities Pty Limited, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), holding a Retail license under license no.40256.

    Regulatory Status

    How are you protected？

    Protection MethodDescription
    RegulationASIC
    Segregated AccountsClient 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 EncryptionTo protect clients' personal and financial information from unauthorized access or theft
    Two-Factor AuthenticationAs 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 ProtectionClients' accounts cannot go into negative balance, ensuring that clients will not be responsible for any losses beyond their account balance
    KYC/AML ProceduresTo 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.

    asset classes

    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:

    BrokerEUR/USD SpreadCommission
    FXTRADING.com(Standard Account）1 pipNo
    Admiral Markets0.5 pipsNo
    Pepperstone0.16 pipsAUD 3.5/lot
    Tickmill0.0 pipsUSD 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:

    BrokerTrading Platform
    FXTRADING.comMT4, MT5, WebTrader
    Admiral MarketsMT4, MT5, WebTrader
    PepperstoneMT4, MT5, cTrader
    TickmillMT4, 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.

    Deposits
    Deposits

    FXTRADING.com minimum deposit vs other brokers

    FXTRADING.comMost 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.

    Withdrawals
    Withdrawals
    Withdrawals

    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.

    Customer Service
    Customer Service
    working hours
    FAQ
    social media

    Overall, FXTRADING.com's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

    ProsCons
    • 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.

    News

    NewsFXTrading.com Partners with Prop Firm Capital

    FXTrading.com and Prop Firm Capital join forces, promising enhanced trading opportunities and robust support for traders worldwide.

    WikiFX
    2024-07-12 14:16
    FXTrading.com Partners with Prop Firm Capital

    NewsFXTRADING.com Launches New Client Management Portal

    Traders of FXTRADING.com gain access to a newly revamped suite of trading tools.

    WikiFX
    2021-12-09 17:28
    FXTRADING.com Launches New Client Management Portal
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    A0 Rock 
    more than one year
    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.
    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.
    Translate to English
    2024-08-05 13:58
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    cy63697
    more than one year
    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.
    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.
    Translate to English
    2024-06-14 10:43
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