FX Trading.com Review |
|
| 📅 Year founded |
2014 |
| 📈 Multiple top-tier regulation |
Yes |
| 📍 Headquarters |
Sydney, Australia |
| 🌍 Country of regulation |
Australia / Vanuatu |
| ✅ Regulators |
ASIC / VFSC |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
$50 USD |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / MetaTrader5 |
| ☪ Islamic account |
Yes |
| 📉 Trading Instruments |
Forex / Indices / Commodities / Shares / Cryptocurrencies |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / Skrill / Neteller / PayPal / UnionPay / USDTether |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
New Trader Programme / Frequent Trading Bonus |
| 💰 Account Currencies |
USD / EUR / GBP / AUD / NZD / CAD / SGD / HKD |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
STP / MAM / PAMM |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
None |
| 💰 Withdrawal fee |
15% on Neteller / None on other |
| ☎ Customer Support |
24/5 |
| 💰 Max. Leverage |
500:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
Account type dependant |
| 💰 Spreads |
From 0.0 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
70 + |
| 🔢 Number of clients |
60 000 + |
| 🥇 Instruments Offered |
10 000 + |
| 📙 Education |
Webinars / Trading Insights / FXT Analysis |
WHAT IS FXTRADING.COM?
FXTRADING.com, formerly known as Rubix FX, is an established online forex and CFD broker that serves a global clientele. Since its rebranding from Rubix FX, the platform has expanded its offerings and refined its services to better cater to the needs of both retail and institutional traders.
The broker operates under strict regulatory oversight, holding licenses from both the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), which underscores its commitment to maintaining high standards of corporate governance and consumer protection.
As a regulated entity, FXTRADING.com provides a secure trading environment where clients can trade a wide range of financial instruments while the regulatory frameworks of ASIC and VFSC ensure that the broker adheres to stringent guidelines regarding client funds, which are held in segregated accounts to ensure safety and transparency.
The broker’s commitment to technological innovation is evident in its offering of advanced trading platforms such as MetaTrader4 and MetaTrader5. These platforms are renowned for their robust functionality including comprehensive charting tools, algorithmic trading capabilities and extensive market indicators, all designed to enhance the trading experience.
FXTRADING.com is also dedicated to empowering traders through education and research, offering an array of resources that help traders make informed decisions. This focus on education, combined with a regulatory backbone and a strong emphasis on customer service, positions FXTRADING.com as a reliable and forward-thinking broker in the competitive world of online trading.
INTRODUCTION
FXTRADING.com positions itself prominently within the competitive world of online trading, offering a comprehensive suite of services designed to cater to a diverse range of trader needs. As a platform that evolved from its initial identity as Rubix FX, it has significantly expanded its reach and capabilities, aligning with modern trader demands and the evolving financial landscape.
The broker is strategically regulated by top-tier authorities, ASIC in Australia and VFSC in Vanuatu, which not only enhances its credibility but also ensures a secure trading environment compliant with international standards. This regulation is crucial for traders seeking a reliable platform where governance, transparency and security are prioritised.
Serving both novice and experienced traders, FXTRADING.com provides an array of financial instruments across various asset classes including forex, indices, commodities, shares and cryptocurrencies. This variety ensures that traders of all interests and strategies can find opportunities within the global markets.
The introduction of FXTRADING.com into the trading community highlights its role as a dynamic and responsive broker that is well-suited to meet the demands of today’s traders. Whether you are looking to trade casually or pursue trading as a more significant investment activity, FXTRADING.com provides the tools, resources and support to facilitate a successful trading experience.
PROS & CONS
PROS
- Wide range of trading instruments with over 10 000 available.
- Advanced trading platforms in MT4 and MT5.
- Competitive spreads and low trading fees.
- Extensive educational and research tools.
CONS
- No services to clients from certain jurisdictions such as the USA.
TRADING INSTRUMENTS
FXTRADING.com offers an extensive selection of trading instruments, catering to a broad spectrum of financial interests and strategies. This diversity allows traders to explore various markets and asset classes, optimising their portfolios according to their risk tolerance and investment goals.
Forex
The forex market is a cornerstone of FXTRADING.com’s offerings, featuring a wide range of currency pairs. Traders can access major pairs like EUR / USD and GBP / USD, minor pairs such as AUD / NZD and even exotic pairs that include currencies from emerging economies.
This broad selection of over 70 currencies is ideal for traders looking for both stability and volatility, which are characteristic of major and exotic pairs, respectively.
Indices
Traders interested in broader market trends can engage with leading global indices. FXTRADING.com provides access to major indices such as the US S&P 500, the German DAX and the UK’s FTSE 100, among others.
Trading indices allow investors to speculate on the performance of national economies or specific sectors without the need to analyse individual stocks.
Commodities
The commodities market offers opportunities to trade on over 16 goods that include precious metals like gold and silver, energy commodities such as oil and natural gas and soft commodities including coffee and sugar. These assets are crucial for traders looking to diversify their portfolios or hedge against inflation.
Shares
FXTRADING.com enables trading on shares from global corporations across the US, Europe, Asia and Australia. This provides traders the opportunity to engage with the stock market and benefit from the price movements of some of the world’s biggest companies.
Whether interested in technology giants, industrial leaders or consumer goods firms, traders can find ample opportunities in the share trading options offered.
Cryptocurrencies
Reflecting modern investment trends, FXTRADING.com also offers trading on popular cryptocurrencies. This includes major cryptocurrencies like Bitcoin, Ethereum and Ripple, among others.
Each category of trading instruments comes with its own set of market dynamics, risk factors and potential returns. FXTRADING.com supports traders in navigating these markets with advanced trading tools and comprehensive market analysis, helping them to make informed decisions and strategically manage their investments.
TRADING PLATFORMS
FXTRADING.com offers its clients the choice between two of the most widely acclaimed trading platforms in the industry: MetaTrader4 (MT4) and MetaTrader5 (MT5). These platforms are designed to cater to the needs of traders with varying levels of experience and trading styles, providing powerful tools and intuitive interfaces that enhance the trading experience.
MetaTrader4 (MT4)
MT4 is renowned for its user-friendly interface, robust functionality and customisation capabilities. It is particularly favoured by forex traders for its advanced charting tools, wide array of technical indicators and automated trading capabilities through Expert Advisors (EAs).
The platform allows traders to develop their own trading strategies, back-test them and apply them in live trading environments. MT4 is highly adaptable to various trading activities, making it suitable for beginners and experienced traders alike.
MetaTrader5 (MT5)
MT5 is the successor to MT4 and offers all the admired features of its predecessor, along with additional capabilities tailored to handle more trading instruments. Unlike MT4, which is predominantly forex-focused, MT5 provides extensive options for trading stocks, commodities and indices, making it a more versatile platform.
MT5 also features more advanced charting tools, more technical indicators and supports more timeframes, improving on the analytical processes traders rely on to make decisions.
Both platforms are available on desktop and have mobile versions compatible with iOS and Android devices, ensuring traders can manage their accounts and trade from anywhere at any time. The mobile apps maintain many of the desktop versions’ essential features including interactive charts, full sets of trading orders and analytical tools.
Overall, FXTRADING.com’s offering of MT4 and MT5 allows traders to select a platform that best fits their trading style and needs, backed by the broker’s commitment to providing stable, secure and comprehensive trading solutions. Whether clients are looking for simplicity and ease of use or require advanced trading functions and multi-asset capabilities, these platforms provide all the necessary tools to engage effectively with the global markets.
ACCOUNT TYPES
FXTRADING.com provides two primary types of trading accounts to accommodate the diverse needs and strategies of traders: the Standard Account and the Pro Account. Each account type is designed with specific features to suit different levels of trading expertise and investment sizes.
Standard Account
The Standard Account is tailored towards newcomers and those who prefer trading with a broader spread and no commissions. This account type is features floating spreads starting from 1.0 pips while commissions are not charged on trades.
The Standard Account is available from a minimum deposit of just $50 USD and provides leverage of up to 500:1.
Pro Account
The Pro Account is designed for more experienced traders who can handle a more complex market environment and are looking for tighter spreads and a professional trading atmosphere. This account type features raw spreads (from 0.0 pips) while commission is charged at $2 USD per lot traded, representing a very low commission fee.
This account is also accessible from a minimum deposit of just $50 USD, while leverage of up to 500:1 is also accessible here.
By offering these differentiated accounts, FXTRADING.com ensures that both casual traders and seasoned professionals can find a trading environment that best fits their needs, allowing them to optimise their trading strategies effectively. Whether you’re starting out or scaling up, FXTRADING.com’s account options provide the flexibility and tools necessary for successful trading outcomes.
HOW TO OPEN AN ACCOUNT
Opening an account with FXTRADING.com is a straightforward process and can easily be done via the broker’s website. Firstly, potential clients need to register with the broker, providing their personal information and documents required by the broker.
Once the documents have been verified, traders are able to select their account type, deposit funds and begin trading.
DEMO ACCOUNT
FXTRADING.com offers a demo account where traders can practice trading strategies with virtual money, an excellent resource for beginners and experienced traders to refine their trading techniques without any risk.
SOCIAL TRADING AND COPY TRADING
The platform offers social and copy trading services known as FXT CopyPro, allowing users to replicate the positions of experienced traders. This feature is beneficial for those new to trading or those looking to leverage the expertise of seasoned traders.
Traders are able to find traders to copy, allocate capital to an account that copies all the traders’ trades and then enjoy the benefits of allowing more experienced traders to trade for them.
COMMISSIONS AND FEES
FXTRADING.com is competitive in its pricing, offering low spreads and minimal non-trading fees. On the Standard Account, the broker does not charge any commissions as these are built into the spread, while the Pro Account charges a modest commission of only $2 USD per lot traded.
Additionally, the broker does not charge any inactivity fees and a swap-free account is available for Islamic traders.
LEVERAGE
Leverage at FXTRADING.com varies by instrument and trader’s jurisdiction, allowing traders to potentially increase their exposure to the markets with a relatively small amount of invested capital. On both account types, the maximum leverage available for forex pairs is as high as 500:1.
WITHDRAWALS AND DEPOSITS
The broker supports various methods for deposits and withdrawals including bank transfers, credit and debit cards and various eWallets including Skrill and Neteller. The broker does not charge any fees on deposits or withdrawals, however there is a 15% withdrawal fee applicable on Neteller.
CUSTOMER SERVICE
FXTRADING.com provides robust customer support through live chat, email and phone. The support team is knowledgeable and responsive, offering assistance in multiple languages.
The customer service team has received numerous positive reviews from clients, highlighting the care the broker takes when attending to their clients’ needs.
SAFETY AND SECURITY
Safety and security are paramount in the world of online trading, where the integrity of trading operations and the protection of client funds are critical. FXTRADING.com takes these concerns seriously, implementing robust security measures and adhering to regulatory standards set by major financial authorities.
The broker is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), which are both key in establishing its credibility and ensuring a secure trading environment.
Australian Securities and Investments Commission (ASIC)
ASIC is one of the most respected regulatory bodies in the world, known for its strict oversight and rigorous enforcement of financial services laws. It provides a framework that ensures transparency and fairness, safeguarding investors’ interests.
Vanuatu Financial Services Commission (VFSC)
The VFSC is responsible for the regulation and supervision of financial services activities in Vanuatu. It aims to promote the country as a globally competitive financial centre while ensuring the protection of consumers.
Beyond regulatory compliance, FXTRADING.com employs various other security measures to protect its clients including SSL Encryption, advanced risk management tools and the implementation of two-factor authentication.
The combination of strict regulatory adherence to ASIC and VFSC standards, along with comprehensive security measures and risk management tools, ensures that FXTRADING.com offers a safe and secure trading environment. These efforts reflect the broker’s commitment to maintaining the highest standards of security and trust, giving traders peace of mind when executing their trading strategies.
PROMOTIONS
Occasionally, FXTRADING.com offers promotions and currently runs the New Trader Programme which provides tiered protection of capital depending on the initial deposit sum and the Frequent Trading Bonus whereby frequent traders can earn bonuses depending on the total volume they trade.
RESEARCH
The platform offers comprehensive market research tools including FXT Navigator, Trading Central, an economic calendar and market sentiments. The FXT Navigator is a superb research tool developed by the broker, allowing their clients to have access to a wide range of research tools within the platform.
EDUCATION
FXTRADING.com’s education centre is filled with resources aimed at enhancing traders’ knowledge with webinars, trading insights and FXT Analysis all available to the broker’s clients. The research tools listed above, FXT Navigator and Trading Central, also has educational features which can be utilised by less experienced traders.
GLOBAL AWARDS
It is unclear how many global awards FXTRADING.com has received over the years, with only one award being found during our research. However, the broker may well have won more awards prior to their branding change from Rubix FX to FXTRADING.com.
- Best CFD Broker (2022) – World Finance.
SAFE OR SCAM?
When assessing the legitimacy and safety of FXTRADING.com, it’s important to consider various factors that collectively indicate its reliability and trustworthiness as a broker. FXTRADING.com is regulated by ASIC and the VFSC, regulatory bodies that are known for their strict oversight and enforcement of financial regulations, which significantly enhances the credibility of the brokers they supervise.
Being regulated by ASIC, one of the most stringent regulatory bodies globally, FXTRADING.com must adhere to high standards of operation including the segregation of client funds, adherence to financial reporting requirements and implementation of fair trading practices. Similarly, oversight by the VFSC requires compliance with international financial standards and local regulations, further ensuring the broker’s commitment to lawful operation.
FXTRADING.com employs advanced security protocols such as SSL encryption to protect user data and transactions. The use of segregated accounts ensures that clients’ funds are kept separate from the company’s operating funds, providing an additional layer of financial security.
The broker demonstrates transparency in its operations by providing clear information about trading conditions, fees and risks associated with trading financial instruments. Regular audits and the publication of financial reports under regulatory requirements also attest to the broker’s transparency.
Consistently positive reviews and feedback from the trading community support the notion that FXTRADING.com is a legitimate broker. Traders often highlight the platform’s reliability, customer service and the ease of processing withdrawals as positive aspects.
The regulatory framework, operational transparency, advanced security measures and positive trader feedback collectively suggest that FXTRADING.com operates as a safe and legitimate broker. Traders can engage with the platform confidently, knowing that it adheres to stringent regulations designed to protect their interests.
CONCLUSION
FXTRADING.com is a reputable broker that offers a robust trading environment suitable for all types of traders. Its strengths lie in its comprehensive trading tools, educational resources and strong regulatory framework, making it a reliable choice in the online trading community.
The broker further offers one of the best value-for-money trading conditions available in the industry today, leading the team at Brokersuggest.com to highly recommend FXTRADING.com as a superb trading partner for both novice and experienced traders.
