Our take on FXTRADING.com
FXTRADING. FXTRADING.com has low forex fees. The account opening process is fast and simple, while the deposit and withdrawal process is user-friendly and free of charge. On the negative side, FXTRADING.com has a limited product portfolio covering only forex and CFDs. There is also no investor protection provided and we missed some research tools, like fundamental data. BrokerChooser gave FXTRADING.com a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.
| Pros | Cons |
|---|---|
|
• Low forex fees
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• Slim product portfolio
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• Easy and fast account opening
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• No investor protection
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• Free deposit and withdrawal
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• Limited research tools
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FXTRADING.com main highlights
| 🗺️ Country of regulation | Australia, Vanuatu |
| 💰 Trading fees class | Low |
| 💰 Inactivity fee charged | No |
| 💰 Withdrawal fee amount | $0 |
| 💰 Minimum deposit | $200 |
| 🕖 Time to open an account | 1 day |
| 💳 Deposit with bank card | Available |
| 👛 With electronic wallet | Available |
| 💱 Number of base currencies | 7 |
| 🎮 Demo account provided | Yes |
| 🛍️ Products offered | Forex, CFDs (commodities, indices, stocks and crypto) |
FXTRADING.com summary
FXTRADING.com review
Fees
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Average CFD fees
|
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• No withdrawal fee
|
|
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• No inactivity fee
|
|
| Assets | Fee level | Fee terms |
|---|---|---|
| EURUSD | Low | Pro account: $3.00 commission per lot per trade plus spread cost. 0.2 pips is the average spread cost during peak trading hours. |
| GBPUSD | Low | Pro account: $3.00 commission per lot per trade plus spread cost. 0.3 pips is the average spread cost during peak trading hours. |
| S&P 500 CFD | Low | The fees are built into the spread, 0.33 points is the average spread cost during peak trading hours. |
| Inactivity fee | Low | No inactivity fee |
How we ranked fees
We ranked FXTRADING.com's fee levels as low, average or high based on how they compare to those of all reviewed brokers.
First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.
- Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
- Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.
In the sections below, you will find the most relevant fees of FXTRADING.com for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.
We also compared FXTRADING.com's fees with those of two similar brokers we selected, Fusion Markets and TMGM. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of FXTRADING.com alternatives.
To have a clear overview of FXTRADING.com, let's start with its trading fees.
FXTRADING.com trading fees
FXTRADING.com trading fees are low. There are different cost structures for different account types. We tested the 'Pro' account.
We know it's hard to compare trading fees for forex brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.
We chose popular instruments in each asset class usually provided by forex brokers:
- Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP
- Stock index CFDs: SPX and EUSTX50
A typical trade means buying a leveraged product, holding it for one week and then selling. For the volume, we chose a $20,000 position for forex and a $2,000 position for stock index and stock CFD transactions. The leverage we used was:
- 30:1 for forex
- 20:1 for stock index CFDs
These catch-all benchmark fees includes spreads, commissions and financing costs for all brokers. Let's see the verdict for FXTRADING.com fees.
Forex fees
FXTRADING.com forex fees are low.
| FXTRADING.com | Fusion Markets | TMGM | |
|---|---|---|---|
| EURUSD benchmark fee | $13.6 | $12.3 | $14.0 |
| GBPUSD benchmark fee | $7.9 | $6.7 | $8.9 |
| AUDUSD benchmark fee | $9.0 | $5.2 | $6.6 |
| EURCHF benchmark fee | $3.5 | $2.3 | $5.0 |
| EURGBP benchmark fee | $9.0 | $11.4 | $11.8 |
CFD fees
FXTRADING.com has average CFD trading fees.
| FXTRADING.com | Fusion Markets | TMGM | |
|---|---|---|---|
| S&P 500 index CFD fee | $2.4 | $2.6 | $0.2 |
| Europe 50 index CFD fee | $1.2 | $1.3 | $0.2 |
Non-trading fees
FXTRADING.com charges no account, inactivity, deposit or withdrawal fees. The currency conversion fee is low as well.
| FXTRADING.com | Fusion Markets | TMGM | |
|---|---|---|---|
| Account fee | No | No | No |
| Inactivity fee | No | No | Yes |
| Deposit fee | $0 | $0 | $0 |
| Withdrawal fee | $0 | $0 | $0 |
FXTRADING.com review
Account opening
| Pros | Cons |
|---|---|
|
• Fast
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• High minimum deposit for Pro and Alpha accounts
|
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• Fully digital
|
|
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• User-friendly
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|
Can you open an account?
FXTRADING.com accepts clients from all over the world, with a few exceptions, such as the US and Japan.
What is the minimum deposit at FXTRADING.com?
The required FXTRADING.com minimum deposit is $200 for the Standard Account. However, Pro and Alpha accounts require higher minimum deposits, of $1,000 and $10,000, respectively.
Account types
FXTRADING.com offers three main account types: Standard, Pro and Alpha. These trading accounts differ in their pricing structure and the minimum deposit required.
| Standard | Pro | Alpha | |
|---|---|---|---|
| Pricing | Wider spreads and no commission | Narrow spreads and $3.5 per lot per trade commission | Narrow spreads and $3.0 per lot per trade commission |
| Minimum deposit | $200 | $1,000 | $10,000 |
| Available platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Available products | Forex, commodity CFD, index CFD, crypto CFD | Forex, commodity CFD, index CFD, crypto CFD | Forex, commodity CFD, index CFD, crypto CFD |
If you would like to trade share (stock) CFDs, you can choose between three accounts: Silver, Gold, and Platinum. The available platform, in this case, is IRESS, which carries a platform fee in most cases, and minimum deposits are also quite high.
| Silver | Gold | Platinum | |
|---|---|---|---|
| Available platform | IRESS | IRESS | IRESS |
| Platform fee | AUD 60 | AUD 60 | No platform fee |
| Minimum deposit | AUD 10,000 | AUD 50,000 | AUD 100,000 |
| Available products | Share CFD | Share CFD | Share CFD |
| Minimum Commission for US stocks | $10 | $8 | $2 |
| Financing cost | 3.00% +/- Floating Interest Rate | 2.50% +/- Floating Interest Rate | 2.25% +/- Floating Interest Rate |
How to open your account
The FXTRADING.com account opening process is easy and fully digital. The online application takes roughly 10-15 minutes, after which our account was verified within 1 business day.
The four steps of FXTRADING.com account opening:
- Provide some contact information, like your email address and mobile number.
- Fill out your personal information, like your date of birth and address. Verify your identity and residency by uploading a copy of your passport or ID, and a bank statement or utility bill.
- Answer questions on whether you're a US citizen or politically exposed person.
- Choose your account type, base currency, and preferred leverage.
Our best alternatives to FXTRADING.com are:
The highest ranking competitors are:
FXTRADING.com review
Deposit and withdrawal
| Pros | Cons |
|---|---|
|
• Credit/debit card available for deposit
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• Fixed subaccount currency
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• Deposits and withdrawals mostly free of charge
|
|
Account base currencies
At FXTRADING.com, you can choose from 7 account base currencies: AUD, EUR, HKD, USD, GBP, NZD and SGD. This selection is similar to the compared brokers.
| FXTRADING.com | Fusion Markets | TMGM | |
|---|---|---|---|
| Number of base currencies | 7 | 8 | 6 |
One thing that we missed is the option to open subaccounts in different currencies. The subaccounts you open will automatically use the account currency you set during the account opening procedure.
Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.
A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.
Deposit fees and options
Depositing funds at FXTRADING.com is free of charge. In addition to bank transfer, you can deposit funds in your account using credit/debit cards, and the following electronic wallets:
- PayPal
- Neteller
- UnionPay
- Poli
| FXTRADING.com | Fusion Markets | TMGM | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
A bank transfer can take several business days, while payment with a credit/debit card is instant.
You can only deposit money from accounts that are in your name.
FXTRADING.com withdrawal fees and options
FXTRADING.com charges no withdrawal fees in most cases.
Unlike deposits, you can't use credit/debit cards for withdrawal. However, bank transfer and electronic wallet withdrawals are available.
| FXTRADING.com | Fusion Markets | TMGM | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 |
How long does it take to withdraw money from FXTRADING.com? We tested the bank transfer withdrawal and it took 2 business days.
You can only withdraw money to accounts in your name.
How do you withdraw money from FXTRADING.com?
- Log in to the Client Portal
- Select 'Funding Management'
- Select your trading account and click on 'Withdrawal'
- Select withdrawal method
- Enter the amount and any additional required information, e.g. bank name and address for bank transfers
- Click on 'Submit'
FXTRADING.com review
Web trading platform
| Pros | Cons |
|---|---|
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• Clear fee report
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• No two-step (safer) login
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• Good customizability (for charts, workspace)
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• No price alerts
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• Order confirmation
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• Poor design
|
| Trading platform | Score | Available |
|---|---|---|
| Web | 2.8 stars | Yes |
| Mobile | 3.8 stars | Yes |
| Desktop | 3.4 stars | Yes |
FXTRADING.com doesn't have its own self-developed trading platform, it offers three third-party platforms: MetaTrader 4, MetaTrader 5 and IRESS. On the IRESS platform, you can trade only share CFDs.
We reviewed MetaTrader 4 because it is the most widely used platform.
MetaTrader 4 is available in an exceptionally large number of languages.
| Arabic | Bulgarian | Chinese | Croatian | Czech |
| Danish | Dutch | English | Estonian | Farsi |
| French | German | Greek | Hebrew | Hungarian |
| Indonesian | Italian | Japanese | Korean | Latvian |
| Lithuanian | Malay | Mongolian | Polish | Portuguese |
| Romanian | Russian | Serbian | Slovak | Slovenian |
| Spanish | Swedish | Tajik | Thai | Turkish |
| Uzbek | Vietnamese |
Look and feel
The MetaTrader web trading platform has great customizability. It is easy to change the size and the position of the tabs.
However, the platform feels outdated and some features are hard to find. For example, it took some time until we found how to add an asset to the watchlist.
Login and security
FXTRADING.com provides only a one-step login. A two-step authentication would be more secure.
Search functions
The search functions are OK. You can find the assets listed by category. However, we missed the usual search function where you can type in the asset's name manually.
Placing orders
You can use the basic order types, but you will not find very sophisticated orders like 'one-cancels-the-other.' The following order types are available:
- Market
- Limit / Stop
- Stop-loss / Take profit
If you are not familiar with order types, read this overview.
There are also order time limits you can use:
- Good 'til canceled (GTC)
- Good 'til time (GTT)
Alerts and notifications
You can't set alerts and notifications on the MetaTrader web trading platform of FXTRADING.com. This feature is available on the mobile and desktop trading platforms.
Portfolio and fee reports
FXTRADING.com has clear portfolio and fee reports available on MT4. You can easily see your profit-loss balance and the commissions you paid. These reports can be found under the 'History' tab.
FXTRADING.com review
Mobile trading platform
| Pros | Cons |
|---|---|
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• User-friendly
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• No two-step (safer) login
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• Good search function
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• No Touch/Face ID login
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• Price alerts
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Similarly to the web trading platform, FXTRADING.com offers third-party trading platforms: MT4, MT5 and IRESS mobile. We tested MetaTrader 4 due to its high popularity.
MetaTrader 4 is available for both iOS and Android, and we tested it on both.
After you download the MT4 mobile trading platform, you have to access the FXTRADING.com-Live server.
Just like on the web trading platform, you can choose from many languages on the mobile trading platform. Changing the language is a bit tricky on Android devices, though; you can do it only if you change the default language of your mobile.
| Arabic | Chinese (Simplified) | Chinese (Traditional) | Czech | English |
| French | German | Greek | Hindi | Indonesian |
| Italian | Japanese | Korean | Polish | Portuguese |
| Portuguese (Brazil) | Russian | Spanish | Thai | Turkish |
| Ukrainian | Vietnamese |
Look and feel
FXTRADING.com has a great mobile trading platform in MT4, we really liked its design and user-friendliness. You will easily find every feature.
Login and security
Similarly to the web trading platform, the app provides only a one-step login. A two-step login would be more secure.
You can't use fingerprint or Face ID authentication. Providing this feature would be more convenient.
Search functions
The search functions are good. You can search by typing the name of the product or by navigating the category folders.
Placing orders
You can use the same order types and order time limits as on the web trading platform.
Alerts and notifications
You can set alerts and notifications for your mobile, although you can do it only on the desktop trading platform. It would be much easier if you could set these notifications on the mobile trading platform itself as well.
FXTRADING.com review
Desktop trading platform
| Pros | Cons |
|---|---|
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• Clear fee report
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• No two-step (safer) login
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• Good customizability (for charts, workspace)
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• Poor design
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• Price alerts
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We looked at the MetaTrader 4 desktop trading platform, as offered by FXTRADING.com.
It has the same design, languages, order types (with the addition of trailing stop), same search functions, and portfolio and fee reports as the web trading platform. These reports can be found under the 'Account History' tab: right-click on a position, then choose 'Save as Detailed Report'.
One major difference is that you can set alerts and notifications in the form of mobile push or email notifications on the desktop trading platform. To set email or mobile notifications, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app's settings). You can add them if you go to 'Tools' and then 'Options'.
FXTRADING.com review
Markets and products
FXTRADING.com is primarily a forex broker, but it also provides some CFDs for trading. To learn more about CFDs please read our CFD trading tips.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXTRADING.com's stock CFD selection is very extensive, while forex and other CFD product offerings are mostly average. Share CFDs are only available with IRESS accounts.
| FXTRADING.com | Fusion Markets | TMGM | |
|---|---|---|---|
| Currency pairs (#) | 44 | 85 | 50 |
| Stock index CFDs (#) | 18 | 18 | 47 |
| Stock CFDs (#) | 10,000 | 110 | 12,000 |
| ETF CFDs (#) | - | - | - |
| Commodity CFDs (#) | 16 | 25 | 5 |
| Bond CFDs (#) | - | - | - |
| Cryptos (#) | 3 | 14 | 12 |
You can change leverage levels at FXTRADING.com, which is great.
Changing the leverage is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, as preset leverage levels may be too high.
FXTRADING.com review
Research
| Pros | Cons |
|---|---|
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• Trading ideas
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• No fundamental data available
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• Quality news flow
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• Limited set of analytic tools
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FXTRADING.com has research tools available in various different places, including the MetaTrader platform, the Client Portal, and the FXTRADING.com website. It would be easier if you could access all of these tools from one place.
Trading ideas
FXTRADING.com provides trading ideas for forex, commodities, indices and cryptos. These trading ideas are based on technical tools and chart pattern recognition. You can access them if you log in to the Client Portal and click on 'Trading Tools'.
Fundamental data
FXTRADING.com does not offer any fundamental data on assets.
Charting
FXTRADING.com has OK charting tools. You can use 31 technical indicators and other tools, such as trendlines, Fibonacci retracements, and channels.
News feed
FXTRADING.com provides a great news feed. We liked that many news articles are accessible from the desktop trading platform and they're easy to read. The news feed is provided by FXStreet.
You can also find some market analyses written by FXTRADING.com's research team.
FXTRADING.com review
Customer service
| Pros | Cons |
|---|---|
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• Phone support
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• No 24/7 support
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• Live chat
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• Fast response time
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You can contact FXTRADING.com via:
- live chat
- phone
FXtrading.com has great live chat support. It is fast and we always received relevant responses.
Phone support was helpful and we received OK answers.
Email support is quick and helpful. We sent three emails and got useful and relevant answers for all of them within a day.
However, we missed the availability of 24/7 support. We also found that customer support is not 24/5 despite what is stated on the website. Based on information received from the support team, agents are online only during working hours, from 9 a.m. to 6 p.m. AEST.
FXTRADING.com review
Education
| Pros | Cons |
|---|---|
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• Demo account
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• Few webinars
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• Educational videos
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• In-depth courses
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At FXTRADING.com you can learn in the following ways:
- Demo account
- Platform tutorial videos
- General educational videos
- Quality educational articles and ebooks
- In-depth courses
FXTRADING.com review
Safety
| Pros | Cons |
|---|---|
|
• Regulated by the top-tier ASIC
|
• No investor protection
|
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• Negative balance protection
|
• Does not hold a banking license
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• Not listed on stock exchange
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Is FXTRADING.com regulated?
Yes, it is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
Is FXTRADING.com safe?
To be certain if a brokerage is safe, we highly advise that you check two facts:
- how you are protected if something goes wrong
- what the background of the broker is
How you are protected
FXTRADING.com operates through two legal entities that are regulated by different financial authorities.
| Country of clients | Protection amount | Regulator | Legal entity |
|---|---|---|---|
| Australia | No protection | Australian Securities and Investments Commission (ASIC) | Gleneagle Securities (Aust) Pty Ltd |
| All other countries | No protection | Vanuatu Financial Services Commission (VFSC) | Gleneagle Securities Pty Ltd |
FXTRADING.com provides negative balance protection. If the balance on your account goes into negative, you will be protected.
Background
FXTRADING.com is a trading name of Australian financial services provider Gleneagle Securities Pty Ltd, which was established in 2014. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.
Note that FXTRADING.com doesn't have a banking background, doesn't disclose its financial reports and is not listed on any stock exchange.
FXTRADING.com review
Bottom line
FXTRADING:com is an Australian forex and CFD broker.
FXTRADING.com's forex fees are low and account opening is fast and easy. Deposits and withdrawals are free of charge.
On the other hand, the product portfolio covers only forex and CFDs. Clients are not covered by any investor protection and we missed some research tools, like an economic calendar.
Feel free to try FXTRADING.com as you can try the service through a demo account and enjoy the favorable forex fees.
FXTRADING.com review
FAQ
Below you can find links to all aspects of FXTRADING.com in this comprehensive collection.
Lower fees, lower costs?
We detailed this in our FXTRADING.com fees article.
What about the minimum deposit?
Our ultimate guide to the FXTRADING.com minimum deposit is updated regularly.
How to start your FXTRADING.com account?
Look no further than our evaluation of the FXTRADING.com account opening.
How's their trading app?
Here's our expert view after checking the FXTRADING.com trading app.
Is the quality of customer service satisfactory?
All you need to know about the FXTRADING.com customer service.
Legit or scam?
Is FXTRADING.com legit features all the key aspects you need to look at to see if a broker is safe and legit.
Free or premium? Or both?
A glance at actual costs and whether FXTRADING.com is really free.
Is this broker good for beginners?
We checked it in Is FXTRADING.com good for beginners.
Should you buy your silver bullets on FXTRADING.com?
Research for silver bugs in the Silver buy on FXTRADING.com guide
I want to trade options, are they available at FXTRADING.com?
We explored the topic in Can you trade options on FXTRADING.com?
What is the minimum account balance at FXTRADING.com?
Check out the current account balance requirements at FXTRADING.com in our What is the minimum account balance at FXTRADING.com article.
Looking for commission and fees data for FXTRADING.com?
We collected them in FXTRADING.com commission and fees.
How do you withdraw money from FXTRADING.com?
We tested it and collected the options and costs in How to withdraw money on FXTRADING.com.
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