Score

2.07 /10
Danger

FXBulls

Hong Kong

5-10 years

Suspicious Regulatory License

High potential risk

Add brokers

Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.86

Risk Management Index0.00

Software Index7.82

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

FXBulls

Company Abbreviation

FXBulls

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

FXBulls · Company summary
basic-info

General Information

Registered in Hong Kong, FXBulls is a forex broker providing easy access to a massive financial market, such as currency pairs, Metals, Energies, Indices. With the FXBulls platform, four types of trading accounts are available, with the minimum deposit to open a professional starting at $100, and the maximum trading leverage that traders can use is up to 1:500.

FXBulls is not authorized or regulated by any regulatory authorities. Please be aware of the risk.

Market Instruments

With the FXBulls platform, five classes of trading instruments including Currency Pairs, Indices, Commodities, Cryptocurrencies as well as CFD products are all available through this brokerage platform.

Account Types

FXBulls provides four trading accounts: Cent, Standard, Pro and ECN. The Cent account is suitable for beginners who are just starting out in the forex world, requiring an initial deposit of $100. The Standard account is perfect for novice trader who want a simple and direct market access. The Pro account is designed for those who requires deep liquidity and sharp spreads, asking for an initial deposit of $500, and the ECN account is tailored for professional traders who are trading in high volume, with the minimum deposit of $2,000.

account-types

How to open an account with FXBulls?

Opening an account with FXBulls is an easy and simple process:

1. Click the “Open Account” link, and fill up some required details on the popping-up page.

account

2. Upload your personal data for this company to verify your details.

3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.

Leverage

The default leverage ratio for retail clients is 1:30 to 1:10 depending on product traded according to ESMA regulation. While professional clients can apply high leverage up to 1:1000.

Since leverage may increase your potential gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

Spreads and commissions are significantly determined by trading accounts. The Cent, Standard, and Pro accounts provide a zero-commission trading environment, with the minimum spread starting at 1.0 pips for the Cent and Standard accounts, from 0.8 pips for the Pro account. The ECN account offers extremely competitive spreads from 0.6 pips, with a certain amount of commissions charged.

spread-commission

Trading Platform

FXBulls provides access to the industry-leading MT5 trading platform, which can be accessed on any device, Windows, Desktop, IOS, and Android. The MT5 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as charting.

Educational Resources

Aside from the MT4 trading platform, some free educational resources are also provided, including Video Tutorials, Economic Calendar.

Payment Methods

The minimum deposit is $100, and FXBulls allows its clients to make a deposit and withdrawal through VISA, MasterCard, Maestro, Neteller, Wire Transfer and Btrade.

payment-methods

Customer Support

Clients have any inquiries or trading-related issues can also get in touch with Culture Capital through the following channels:

Telephone: +91 7567 555 023, +850 070 8064 3881

Email: info@fxbulls.com

Registered Company Address: 21/F, Tung Sun Commercial Centre 194-200 Lockhart Road, Wan Chai,Hong Kong

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

User Reviews

More

User comment

2

Comments

Write a review

Minsukum
0-3months
FXBulls 는 수수료가 저렴하고 입출금이 신속했어요 그리고 한국인 직원분이 친절하게 응대해 줬습니다.
FXBulls 는 수수료가 저렴하고 입출금이 신속했어요 그리고 한국인 직원분이 친절하게 응대해 줬습니다.
Translate to English
2024-09-07 11:25
Reply
0
0
FX1102558214
more than one year
The company's trading terms look attractive! But I see it doesn't have a solid regulatory license and has a low score. I decided not to trade with it.
The company's trading terms look attractive! But I see it doesn't have a solid regulatory license and has a low score. I decided not to trade with it.
Translate to English
2022-12-07 11:05
Reply
0
0