FXTRADING.com Review 2024

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 that a brokerage is safe, we highly advise that you check two facts:

• how you are protected if something goes wrong
• the background of the broker.

How you are protected

FXTRADING.com operates through two legal entities that are regulated by different financial authorities.

FXTRADING.com provides negative balance protection. If the balance on your account goes into negative, you will be protected.

Our brokerage experts put together a comprehensive guide on the safety profile of FXTRADING.com.

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.

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Account base currencies

At FXTRADING.com, you can choose from the following 8 base currencies:

One thing we missed is the option to open sub-accounts in different currencies. Any sub-accounts you open will automatically use the account currency you set during the account opening procedure.

This selection is average compared to competing brokers.

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 won'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

FXTRADING.com charges no deposit fees.

Here's all you need to know about depositing money at FXTRADING.com and key info on minimum deposit requirements.

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 supports the following electronic wallets:

• PayPal
• Neteller
• UnionPay
• USDT

FXTRADING.com withdrawal fees and options

FXTRADING.com charges no withdrawal fees in most cases.
While you can use credit/debit cards for deposits, you can't do so for withdrawals.

Read this guide with all key info on available withdrawal methods and related fees.

You can only withdraw money to accounts in your name.

How long does it take to withdraw money from FXTRADING.com? We tested bank transfer withdrawal and it took 2 business days.
How do you withdraw money from FXTRADING.com?

• Log in to the Client Portal
• Select 'Funding Management'
• Select your trading account and click 'Withdrawal'
• Choose a withdrawal method
• Enter the amount and any additional required information, e.g. bank name and address for bank transfers
• Click 'Submit'

Can you open an account?

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74-89% of retail CFD accounts lose money

FXTRADING.com accepts clients from all over the world, with a few exceptions such as the US or Japan.

Read this article on how to get your account started with FXTRADING.com.

What is the minimum deposit at FXTRADING.com?

The required FXTRADING.com minimum deposit is $50.

$50 is the minimum deposit for all account types.

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.

If you want to trade share (stock) CFDs, you can choose from 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.

How to open your account

The FXTRADING.com account opening process is easy and fully digital. Completing the online application form takes roughly 10-15 minutes, after which our account was verified within 1 business day.
FXTRADING.com account opening involves the following steps:

1. Enter some contact information including your email address and mobile number.
2. Fill in your personal information such as 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.
3. Answer questions about whether you're a US citizen or a politically exposed person.
4. Choose your account type, base currency and preferred leverage.

Similarly to the web trading platform, FXTRADING.com offers third-party trading platforms for mobile: MT4, MT5 and IRESS mobile. We tested MetaTrader 4 because of 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.

The mobile trading platform is available in several languages.

Changing the language is a bit tricky on Android devices, though; you can do it only if you change the default language of your device.

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

FXTRADING.com provides only a one-step login for its mobile platform. A two-step authentication would be more secure and adding this feature should be high on any company's list of security changes.

You can't log in using biometric authentication. Providing this feature would be more convenient.

Search functions

The search functions are good.

You can search by typing the name of a product or by navigating the category folders.

Placing orders

You can use the following order types on the mobile trading platform:

• Market
• Limit
• Stop

There are also order time limits you can use:

• Good 'til canceled (GTC)
• Good 'til time (GTT)

Alerts and notifications

You cannot set alerts and notifications on the FXTRADING.com mobile platform.

Alerts and notifications are available only on the desktop trading platform. Developing this feature for the mobile trading platform as well would be much appreciated.

Our analysts personally tested FXTRADING.com's mobile app, check out their verdict.

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74-89% of retail CFD accounts lose money

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), 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'.

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74-89% of retail CFD accounts lose money

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.

You can change leverage levels manually at FXTRADING.com, which is great.
Being able to change leverage is a very useful feature when you want to lower the risk of your trade. Always be careful with forex and CFD trading, as preset leverage levels may be too high.

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.