If you’re looking for a Forex broker, you might have come across Fxview. Established in 2017, Fxview has already gained a good reputation despite being relatively new to the industry. In this Fxview broker review, we’ll take a closer look at what the broker has to offer.
Regulatory Bodies
Before we dive into the details in this Fxview review, it’s important to mention that Fxview is a regulated broker, registered with
Cyprus Securities and Exchange Commission (CySEC) in Cyprus
Multiple EU authorities
Financial Sector Conduct Authority (FSCA) in South Africa
This requires the broker to follow strict rules and regulations to ensure the protection of its clients.
Type of Trading Accounts
Fxview offers RAW ECN Account to not just a beginner but also experienced traders, where they get to experience institutional grade spreads, high-quality execution, and more. For EU clients, they can trade up to 30x leverage. And global clients can trade up to 500X leverage. Global clients who follow or practice Islam, in accordance with Sharia law can get access to Islamic Account.
FXView Broker Review: Assets Available
Fxview offers a wide range of 500+ assets for trading. You can trade over 70 currency pairs, including majors, minors, and exotics. The broker also offers CFDs on commodities, indices, and stocks. If you’re interested in cryptocurrencies, you’ll be happy to know that Fxview also offers trading in Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ripple , keeping in mind that it is only for global clients.
Platforms Offered
Fxview offers three trading platforms: ActTrader, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as well as Social Trading with ZuluTrade. MT4 is the most popular trading platform in the industry, and it’s known for its user-friendly interface and advanced charting tools. MT5, on the other hand, is a newer platform that offers more advanced features and improved performance. Both platforms are available for desktop and mobile devices. Additionally, ActTrader is a comprehensive platform for trading that offers advanced features. ZuluTrade is also available on Fxview, which enables clients to copy trades out of traders from around the world.
Fxview Broker Review: Spreads
Competitive spreads starting from 0.0 pips for some currency pairs.
Fxview Review: Fees and Commissions
Fxview charges a commission of $1 per trading volume of $100K. However, there are other fees to consider, such as overnight financing charges for holding trades overnight. In addition, Fxview doesn’t charge any fees on deposits and withdrawals, nor on inactive accounts.
Fxview Review: Pros and Cons of FXView Broker
Pros
- Regulated: As mentioned earlier, Fxview is regulated by several reputable regulatory bodies, which means that your funds are protected and you can trade with peace of mind.
- Wide Range of Assets: Fxview offers a wide range of assets for trading, including currency pairs and cryptocurrencies (only for global). All of trading instruments are CFDs.
- Competitive Spreads: The broker offers competitive spreads starting from 0.0 pips, which can help you save on trading costs.
- Multiple Platforms: Fxview offers three trading platforms, all of which are available for desktop and mobile devices, giving you more flexibility in how you trade.
- Good educational resources including glossary of trading terms, market news and video tutorials
- Live chat and email support
- Multiple support languages: English, Greek, French, German, Russian and 8 additional languages.
- Multiple deposit and withdrawal options.
- Loyalty and Refer a Friend Programs (only for global)
- Multiple Account Currencies: Global – EUR, USD, GBP, AUD, ZAR, CAD / EU – EUR, USD, GBP.
- 100% Deposit Bonus (only for global)
- Zero Cost Funding (only for global)
Cons
- Does not accept US citizens as clients
Fxview Broker Review: Conclusion
Fxview is a well regulated Forex broker that presents an extensive selection of tradable assets and highly competitive spreads. The broker prioritizes transparency and affordability, striving to offer customers the lowest spreads and commissions in comparison to other players in the industry. By providing multiple trading platforms, a diverse range of trading tools, cutting-edge technology, and exceptional multilingual client support available 24/5, Fxview ensures a comprehensive trading experience for its clients. In conclusion, Fxview emerges as a favorable option for traders seeking a regulated broker with a diverse range of assets and competitive spreads.
