FXTRADING.com Reviews 2023 – Forex Brokers Safe?

What is FXTRADING.com?

FXTRADING.com (formerly known as Rubix FX) is a global forex and CFD broker that was founded in 2014. FXTRADING.com is a trading name of financial services provider Gleneagle Securities Pty Ltd, which is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

FXTRADING.com Safe?

FXTrading.com became a registered broker with the Australian Securities and Investments Commission (ASIC) in 2019 under its parent company Gleneagle Securities PTY Limited.

ASIC is a stringent regulator and those compliant with its obligations are considered safe and trustworthy places to trade.

Obligations include:

Segregated client funds

Minimum level of staff and owner training

Strict accounting and auditing compliance

Regular risk management audits

FXTrading.com is also licensed with the Vanuatu Financial Services Commission which covers traders from across the world.

FXTrading.com Accounts

FXTrading.com offers three account options: Standard, Alpha and the Pro.

Benefits VS Drawbacks

Benefits

FXTrading.com is strong in the following areas:

Good leverage within the ASIC regulatory framework

No dealing desk intervention

Zero pip spreads

Rapid execution

Tier 1 liquidity

Blog, forex books and V.O.D library, interactive courses, market analysis, webinars and Autochartist.

Drawbacks

There are a few disadvantages of using FXTrading.com vs competitor brokers:

No negative balance protection

Fewer resources compared to other brokers

FAQ

Where is FXTrading.com regulated?

FXTrading.com is regulated with the Australian Securities and Investments Commission (ASIC) as well the Vanuatu Financial Services Commission (VFSC).

Does FXTrading.com offer a demo account?

Yes, FXTrading.com offers a 30-day free trial demo account on the MT4 platform.

How much capital do I need to trade with FXTrading.com?

The minimum deposit is $200 on the Standard account and $1,000 on the Pro account.

The Alpha account requires a minimum deposit of $10,000

Can I trade cryptos on FXTrading.com?

FXTrading.com offers CFDs on Bitcoin and Ethereum.

These are the three most widely traded cryptocurrencies available on the retail trading market.

Does FXTrading.com charge commission?

Commission of $3 per lot is charged on trades if you open a Pro account. There is no commission on trades with a Standard account.

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