Information
Overview of Fxview – A Trade Forex Analysis
Introduction
Trade Forex offers a comprehensive analysis of Fxview, a Cyprus-based Forex broker established in 2017. Known for its global reach and diverse offerings, Fxview caters to traders worldwide, with notable exceptions in countries like the USA, Cuba, and North Korea due to regulatory constraints.
Regulatory Framework
Fxview operates through several entities to ensure compliance and regulation:
- Charlgate Ltd (Cyprus): Regulated by the Cyprus Securities and Exchange Commission (CySEC).
- Finvasia Securities Pvt Ltd (India): Under the regulatory umbrella of the Securities and Exchange Board of India (SEBI).
- Charlgate SVG LLC (Saint Vincent and the Grenadines): Lacks government regulation.
Additionally, Fxview holds group licenses from prominent European authorities such as BaFin (Germany), ACPR (France), CONSOB (Italy), CNMV (Spain), and the FCA (UK).
Client Fund Safety
- Segregated Accounts: Client funds are securely stored in segregated accounts, distinct from company funds.
- Dispute Resolution: Membership in The Financial Commission provides traders a safety net, covering disputes up to 20,000 euros.
Leverage and Registration
- Leverage Options: Fxview offers a maximum leverage of 1:500 for offshore registrations, contrasting with the EU’s cap of 1:30.
- EU and Offshore Registrations: Traders can opt for EU registration or register with the offshore entity in Saint Vincent and the Grenadines.
Trading Instruments and Platforms
- Diverse Instruments: Trade over 70 Forex pairs, 400 stocks, indices, metals, and energy commodities.
- Trading Platforms: Utilize popular platforms like MT4, MT5, and ActTrader.
- Additional Tools: Access to Autochartist, ZuluTrade, and a suite of trading indicators.
Account Types and Features
- RAW ECN Account: A streamlined account offering with low spreads and a fixed commission of $1 per $100,000.
- Islamic Accounts: Accommodating Muslim traders with Sharia-compliant options.
- Inclusivity: Uniform offering for all traders, irrespective of their trading volume or experience.
Financial Transactions
- Minimum Deposit: An accessible entry point with a minimum deposit of just $5.
- Funding Methods: Flexible options including bank transfers, credit/debit cards, Skrill, and Neteller.
- Bonus and Offers: A 100% deposit bonus, free VPS for deposits over $5000, and a loyalty program.
Concluding Remarks
Fxview stands out in the Forex brokerage landscape with its multi-jurisdictional regulation, competitive spreads, and singular account type that promises optimal trading conditions. It is particularly appealing for traders with smaller accounts.
Trade Forex Recommendations
- Due Diligence: Always review client feedback and comprehensive broker ratings on platforms like Trade Forex before making a decision.
- Broker Details:
- Name: Fxview
- Foundation Year: 2017
- Headquarters: Cyprus
- Regulation: CySEC, SEBI
- Trading Platforms: MT4, MT5, ActTrader
- Spread for EURUSD: 0.1 pips
- Minimum Deposit: $5
- Base Currencies: EUR, USD, GBP, AUD
- Maximum Leverage: 1:500
- Trading Assets: Currency pairs, indices, stocks, metals
- Deposit and Withdrawal Options: Bank Transfer, Visa/MasterCard, Skrill, Neteller
- Additional Features: Islamic Accounts, Segregated Accounts, PAMM Accounts, Scalping, Automatic Trading, Mobile/Web Trading, Social Trading, VPS, Deposit Bonuses, 24/5 Support
“Keep an eye on the markets, but don’t forget to review your broker. After all, in Forex, it’s not just about the trades you make, but also about the platform you trade on. Happy trading!”
