FX.co ★ FX Trading - Broker rating, review and comments

About company

FX Trading is a forex broker, headquartered in Sydney, Australia. It is regulated by ASIC. Notably, Australian brokers are required to keep funds in a segregated trust account. In other words, by doing so, the broker does not have the opportunity to use the funds of its clients for its own purposes or to open its own positions. Customers' funds are provided only for the customer's own margin requirements, as well as for the purpose of calculating profits and losses.

Trading conditions

The broker provides access to the MT4 trading platform in desktop and mobile versions, as well as Web Trader MT4. The minimum trade size is 0.01 lot. FX Trading also offers beginners to try their hand at a free 30-day demo account.

The broker offers its clients the following trading instruments:

• Forex (leverage -1:500)
• CFD
• metals
• indexes (leverage - 1:200)
• commodities (leverage -1:200)
• gold
• silver

Clients are allowed to open trading accounts, make a deposit and withdraw funds in the US dollar, euro, pound sterling, and Australian dollar. They can top up their accounts with the help of credit cards Visa, MasterCard, electronic payment Skrill, Neteller, Poli, and wire transfer. Traders can withdraw their funds only via the same payment method they used to make a deposit, except for electronic payment (PayPal is used instead of Poli).

Support service

In case of any questions or problems, FX Trading’s clients can contact the company’s support service, sales department via a live chat or email. Additionally, on the official website of the company, phone numbers and the address of the main office are specified.

Traders’ reviews

On the Internet, there are quite a lot of negative reviews about the company. Many complain about high spreads, long withdrawals, and the uninformative official website that does not have specific information on trading conditions.

Advantages:

• regulated broker
• 30-day free demo account

Disadvantages:

• lack of affiliate program, training materials
• many negative reviews