Fxnice-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

Fxnice, a trading name of Venture Securities Limited, is allegedly a forex broker authorized and regulated by the Financial Services Authority of Honduras (Company ID: 588121) that claims to provide its clients with various trading financial instruments with leverage up to 1:500 and floating spreads around 1 pip on the most popular advanced MetaTrader5 trading platform, as well as 24/7 customer support service.

Market Instruments

Fxnice advertises that it mainly offers a diverse range of tradable assets with wide options, such as forex currency pairs and more.

Leverage

The maximum leverage ratio provided by Fxnice is much higher than most brokers, up to 1:500 (and on some web pages, FxNice even claims that 1:1000 is possible). Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

The spread for the EUR/USD pair offered by Fxnice is 1 pip on average ($10 per lot traded).

Trading Platform Available

When it comes to trading platforms available, Fxnice says to give traders the worlds most trusted and popular MetaTrader5 trading platforms. As the successor of MT4, MT5 provides advanced technical analysis tools, automated trading functions (EA) and mobile applications, as well as a user-friendly interface, allowing traders to view their orders, transactions, account details, and keep abreast of the latest market conditions.

Deposit & Withdrawal

Fxnice says to work with numerous means of deposit and withdrawal choices, consisting of Credit/debit cards like VISA and Mastercard, bank wire transfers, Neteller, Skrill and cryptocurrencies. The minimum initial deposit requirement is said to be $100. Also, no matter if your withdrawal request is approved or not, you will have to pay the broker's withdrawal handling and processing fees, often exceeding 20%.

Bonuses

Fxnice claims to offer a welcome bonus of up to $2,000, yet we cannot be sure if the bonus is available without any conditions.

Customer Support

Fxnices customer support can be reached by telephone: +971547615029, email: info@fxnice.com or send messages online to get in touch. Company address: 71-75 Shelton Street, Covent Garden, London WC 2H9 JQ.