FxPrivate

Note: For some unknown reason, we read from the FxPrivates official site (https://www.fx-private.com/en/index.html) that it is currently unavailable while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

FxPrivate, a trading name of FxPrivate Company Ltd, presents itself as an online forex broker registered in Ukraine since 2011 that claims to provide its clients with various tradable financial instruments with leverage up to 1:500 and floating spreads from 0.2 pips on the MT4 trading platform, as well as a choice of three different live account types.

As for regulation, it has been verified that FxPrivate does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.82/10. Please be aware of the risk.

Market Instruments

FxPrivate advertises that it offers access to a wide variety of tradable assets, which include but are not limited to forex currency pairs, CFDs, metals, energies, agriculture and stocks.

Account Types

Apart from demo accounts, traders can choose among three types of trading accounts. FxPrivate offers FXCent accounts for beginners with a minimum deposit of $10, as well as FXClassic and FXPremium accounts for more experienced forex traders with deposits of $1,000 and $50,000 respectively.

Leverage

The maximum leverage provided by FxPrivate is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

FxPrivate claims that the spread starts from 0.2 pips.

Trading Platform Available

FxPrivate says to give the industry-standard MetaTrader4 trading platform, which is available for personal computers (Mac) and mobile devices (Android, iPhone), as well as the Web. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

FxPrivate says it offers a wide selection of payment options including credit/debit cards such as Visa and MasterCard, wire transfers, Private24, WebMoney, account-to-account transfers, payment kiosk (only replenishment), QIWI, DIXIPAY, LiqPay, Perfect Money, EasyPay, OKPAY, Skrill, and FasaPay. The minimum initial deposit requirement is said to be only $10.

Customer Support

FxPrivates customer support can be reached by telephone: 380443310774, 380959080774, email: support@fx-private.com, office@fx-private.com. Company address: 01133 м. Київ, б-р. Л. Українки, буд. 26, офіс 602 cт. м. Печерськ.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.