FXTrading.com Review 2020

FXTrading.com Summary

FXTrading.com is an Australian-based broker that was founded in 2009, registered under the name Gleneagle Markets Pty Ltd. This Forex broker is regulated by the Australian Securities and Investment Commission (ASIC) and has received simultaneous positive feedback from their trader as a trustworthy Forex broker.

FXTrading.com is an Australian CFDs and Forex broker that provides over 25 currency pairs. You will find that FXTrading.com is a very trustworthy broker that values the protection of client funds, and adheres to all of the regulations of the ASIC. FXTrading.com offers two trading accounts: the Standard Account and the ECN Account, both of which have a 30-day trial Demo Account for you to try out for free. This Forex broker is known for its transparency with its clients and its high-quality trading execution.

This FXTrading.com review provides you with an in-depth analysis of the best features and what you should consider before trading with FXTrading.com.

FXTrading.com Main Features
🛍️Established in:
2009
🛍️Headquarters:
Australia
⚖️Regulations:
ASIC
⚖️Country of regulation:
Australia
💰Minimum Deposit:
$200
🎮Platforms:
MT4
🎮Demo Account Available:
Yes
💱Leverage:
1:200
💰Withdrawal fee amount:
$0
💰Inactivity Fee:
No

Pros

  • Regulated by the Australian Securities and Investment Commission (ASIC) 
  • Stores client funds in segregated accounts
  • Provides Demo Account
  • Low required minimum deposit amount
  • Range of financial instruments
  • Fast account opening process
  • Different means of communication with customer service
  • Variety of payment options
  • Selection of account base currencies
  • Low spreads

Cons

  • Limited time on Demo Account
  • Limited options for trading accounts
  • Only one trading platform
  • Does not provide cryptocurrencies
  • No educational materials on website

Background

FXTrading.com is a brokerage firm that was founded in 2009 in Sydney, Australia. This Forex broker is under the name of Gleneagle Marketing Pty Ltd. and it was formerly known as RubixFX. If you are a resident in the US, North Korea, Vanuatu, and Iran, then you are not permitted to trade with FXTrading.com.

Safety & Regulation

FXTrading.com is regulated under the Australian Securities and Investment Commission (ASIC) and under the Markets in Financial Instruments Directive (MiFiD). This Forex broker stores client funds in segregated accounts and abides by the policy of turning in regular risk management audits for maximum transparency of its transactions.

This FXTrading.com review demonstrates the different types of regulations of this Forex trading broker and what protective measures they take.

Is FXTrading.com Safe?

FXTrading.com is a safe and secure Forex broker that values client protection and transparency with its clients. You can trust that your funds and personal information with FXTrading.com, since your funds, are stored in segregated accounts. FXTrading.com is regulated under the Markets in Financial Instruments Directive (MiFiD) and the Australian Securities and Investments Commission (ASIC), which means that they are an approved and safe broker.

Pros

  • Regulated under the Australian Securities and Investment Commission (ASIC)
  • Regulated under the Markets in Financial Instruments Directive (MiFiD)
  • Stores client funds in segregated accounts
  • Regular risk management audit reports

Cons

  • Does not provide negative balance protection

Regulation

FXTrading.com is regulated under the Australian Securities and Investment Commission (ASIC) and under the Markets in Financial Instruments Directive (MiFiD). These two regulatory agencies and EU policy are one of the top-tier financial regulators in the world. They do not approve of brokers easily, and it is not a simple task to obtain a license from either regulatory body, but FXTrading.com has an official license from both parties. This shows that FXTrading.com is a trustworthy brokerage firm.

Protection

FXTrading.com offers the security measure of storing client funds in segregated accounts. This Forex broker abides by the regulations of the ASIC by providing regular risk management audit reports to ensure transparency in all its transactions and client interactions.

FXTrading.com Fees

FXTrading.com has no non-trading fees that you have to worry about, but you will need to consider both the benefit of low spreads of Forex trading and the disadvantage of being charged commission.

This FXTrading.com review will define all the trading fees and non-trading fees you might come across this Forex trading broker.

FXTrading.com Trading Fees

The spreads of FXTrading.com are relatively low, compared to other brokerage firms in the trading industry. This Forex broker also takes pride in the tight spreads provided to the traders. However, you will need to consider the commission charged of 7USD per Standard Lot.

Pros

  • No deposit fee
  • No withdrawal fee
  • No account fee
  • No inactivity
  • Tight spreads

Cons

  • Charged commission of 7USD per Standard Lot
  • Trading conditions not announced on the website

FXTrading.com Non-Trading Fees

With FXTrading.com, you do not have to constantly consider any non-trading fees. This Forex trading broker covers all cost of non-trading fees. There are no account fees, or inactivity fees, or deposit fees. For withdrawals, you will find that most payment options do not have withdrawal fees. The only exception is the withdrawal fee of Bank Transfer of 15AUD.

Deposit Fees and Withdrawal Fees
Deposit Fees 0USD
Withdrawal Fees 0USD

FXTrading.com Fees Compared To Competitors
FXTrading.com XM Axiory
Account Fee No No No
Inactivity Fee No Yes No
Deposit Fee 0USD 0USD 0USD
Withdrawal Fee 0USD 0USD 0USD

Leverage

There are two Forex trading accounts, Pro and Standard Accounts that have varying degrees of the maximum leverage level. You can select from the following maximum leverage level: 1:100, or 1:200, or 1:400. The maximum leverage level range is 1:400, but it is available for both Forex trading accounts.

Account Opening

FXTrading.com offers two types of trading accounts: The Standard Account and the Pro Account. The Pro Account is considered the ideal trading account for professional traders, and the Standard Account is preferable for traders with experience.

This FXTrading.com review will demonstrate the different types of trading accounts, and provide a how-to guide on how to open a live account.

Pros

  • Account base currencies available are widespread
  • No commission charged on Standard Account
  • Different maximum leverage level available
  • Low and tight spreads with both accounts

Cons

  • Commission charged with Pro Account
  • Minimum deposit amount is high

FXTrading.com Minimum Deposit

There are two trading accounts for FXTrading.com, the Standard Account and the Pro Account. The Standard Account is the basic account for any experienced trader, with a minimum deposit amount of 200USD. The Pro Account, which targets professional traders, has to make a minimum deposit amount of 1000USD.

Accounts Types

  • Standard Account
  • Pro Account

Standard Account

FXTrading.com offers two trading accounts; the first account is the Standard Account. The Standard Account provides access to seven account base currencies, and low spreads that start from 1.0 pips. This account does not charge any commission on trades, and provides a maximum leverage level range of 1:100, 1:200, and 1:400. You will need to pay a minimum deposit of 200USD, which is relatively high, with a minimum lot size of 1 Micro Lot.

Pro Account

The second trading account provided by FXTrading.com is the Pro Account, which is ideal for professional traders. You will also have access to seven account base currencies, but you will find spreads that start as low as 0 pips. This account has a high minimum deposit amount of 1,000USD and charges commission of 7USD per Standard Lot, which are its only disadvantages. You will be able to choose your maximum leverage level between 1:100, 1:200, and 1:400; this account also has a minimum lot size of 1 Micro Lot.

How To Open an FXTrading.com Trading Account

Step One: Fill out the online application with your personal information, including choosing a password.

FXtrading.com Live Account Step 1

Step One: Fill out the online application with your personal information, including choosing a password.

Step Two: Choose the type of trading account you want.

FXtrading.com Live Account Step 2

Step Two: Choose the type of trading account you want.

Step Three: Add your personal information and residential address to your preliminary profile.

FXtrading.com Live Account Step 3

Step Three: Add your personal information and residential address to your preliminary profile.

Step Four: Confirm that you agree to the documents provided for you to download and read.

FXtrading.com Live Account Step 4

Step Four: Confirm that you agree to the documents provided for you to download and read.

Step Five: Upload documents of your Proof of Identity (POI) and Proof of Residence (POR).

FXtrading.com Live Account Step 5

Step Five: Upload documents of your Proof of Identity (POI) and Proof of Residence (POR).

Deposit & Withdrawal

With FXTrading.com, you do not have to worry about deposit and withdrawal fees, FXTrading.com will take care of it. FXTrading.com will not burden you with the fees and cover the cost themselves. You will be able to select from a range of account base currencies and a variety of payment options.

This FXTrading.com review shows you the different payment methods and lists for you the range of account base currencies you can choose from for your trading account.

Account Base Currencies

Account base currencies are the currencies that you handle in your trading account, and with FXTrading.com, you have the option of choosing a currency. There are four account base currencies, which is relatively average than other Forex brokers.

USD EUR GBP AUD

Deposits

With FXTrading.com, you do not have to consider a deposit fee, since this CFD trading broker pays it for you. You have the three main payment options to choose from: Bank Transfer, Credit\Debit Card, and Electronic Payment. Bank Transfer and Credit\Debit card options take from 1-5 business days, but Electronic Payments are processed instantly.

Pros

  • No deposit fee
  • Electronic payment is processed fast
  • Variety of account base currencies
  • Different payment options to select from

Cons

  • Bank transfer is a slow process
  • Credit\Debit card deposits are slow processes

FXTrading.com Deposit Options

  • Bank Wire Transfer
  • Electronic Wallet
  • Credit Card\Debit Card

Withdrawal

Withdrawals with FXTrading.com is mostly free, except for a required withdrawal fee of 15AUD for Bank Transfer payments. You can choose between the currencies of: USD, AUD, GBP, and EUR as your base currency for your trading account. FXTrading.com offers three main payment options. Electronic payments are processed immediately, but withdrawal requests are processed between 1-5 business days for Bank Transfer and Credit\Debit cards.

Pros

  • No withdrawal fee for most payment options
  • Electronic payment is processed instantly
  • Range of account base currencies
  • Selection of payment options

Cons

  • Withdrawal fee of 15AUD with Bank Transfer option
  • Slow withdrawal process with Bank Transfer
  • Slow withdrawal process with Credit\Debit Card

FXTrading.com Withdrawal Options

  • Bank Wire Transfer
  • Electronic Wallet
  • Credit Card\Debit Card

Trading Platforms

There is only one trading platform available for traders on FXTrading.com, which is MetaTrader4. The MT4 platform is the most popular trading platform among traders and is known for its easy-to-navigate structure. You can access the MT4 platform by web trading platform, desktop trading platform, and mobile application.

This FXTrading.com review is going to demonstrate the features of all three types of platforms of MT4.

  • MetaTrader4

Web Trading Platform

With MetaTrader4 web trading platform, you will have the option for 4 pending orders, which are:  Buy Stop, Sell Stop, Buy Limit, Sell Limit. These four pending orders are the most basic and most essential trading orders.

With FXTrading.com MT4 web trading platform, you will not be able to use the two-step login process, since they do not have that option available. However, you will be allowed to analyze your trading history; this includes fee reports, past trades, and trading portfolios.

The FXTrading.com MT4 web trading platform permits the option of being notified via email on any price movements that you are targeting. The email notifications gives you instant notice on any price movements you want to know about.

Pros

  • Allows hedging
  • Allows scalping
  • EAs available
  • Customizable indicators
  • Available for Windows and Mac
  • User-friendly format

Cons

  • No two-step login process

Desktop Trading Platform

With MetaTrader4 desktop trading platform, there are 4 pending options, which are the most basic and also the most important pending orders you will find in any trading platform These pending orders are: Buy Stop, Sell Stop, Buy Limit, Sell Limit.

Unfortunately, you cannot find a two-step login process, for additional security. It is up to you to rely on only the initial login process that protects your funds and personal information. However, despite that setback, the desktop trading platform allows scalping and hedging, as well as Expert Advisors (EAs).

The FXTrading.com desktop trading platform is available to download on Mac and Windows, which means that you will receive notifications on your device. You can activate it via your MT4 account, to be notified of any price movements of your choosing.

Pros

  • Downloadable on Mac and Windows
  • Customizable indicators
  • Allows hedging and scalping
  • Price alerts and notifications
  • User-friendly and easy to navigate

Cons

  • No two-step login
  • Basic pending orders

Mobile Trading Platform

With MetaTrader4 mobile trading platform, you will have the option for 4 pending orders, which are:  Buy Stop, Sell Stop, Buy Limit, Sell Limit.  This mobile application is best for traders who like trading on-the-go, not trading in a certain place.

With FXTrading.com MT4 mobile application, you will not have the option of facial recognition or fingerprint recognition as a second login. You will only have the initial login process with your username and password. However, to make up for that, you can always view your performance history; this includes fee reports, past trades, and trading portfolios.

The FXTrading.com MT4 mobile application platform allows you to be alerted through push notifications for any price movements. These push notifications set up on your mobile device allow you to be immediately notified when a price moves in the ideal position for you.

Pros

  • Allows hedging and scalping
  • Customizable indicators
  • Easy to navigate
  • Available for Android and iOS
  • Available to trade on-the-go

Cons

  • No facial recognition
  • No fingerprint recognition

Markets & Financial Instruments

FXTrading.com offers a range of financial instruments across different financial markets. While trading with FXTrading.com, you will have access to 6 financial markets and more than 50 different financial instruments. Both trading accounts provide you with the option of trading with any of the 6 asset classes, as well as the Demo Account.

This FXTrading.com review provides you with a list of the available financial markets you can trade with.

Pros

  • More than 50 financial instruments
  • 6 different financial markets
  • Tight spreads on commodities
  • Forex trading spreads as low as 0 pips

Cons

  • Does not provide cryptocurrencies
What FXTrading.com Offers
Forex Metals
Indices Commodities
CFDs Gold and Silver

Markets Research & Trading Tools

FXTrading.com has very limited options for trading tools and market research material. The trading tools available are the MT4 Terminal and Real-Time Tracking Analytics. As for the market research section, you will not be able to find anything.

This FXTrading.com review will tell you all you need to know about the trading tools provided by this Forex trading broker.

Trading Tools

There are only two trading tools for FXTrading.com: the MT4 Terminal and the Real-Time Tracking Analytics. You may find other tools on the MT4 trading platform that can be used while trading.

FXTrading.com Tools
MT4 Terminal Real-Time Tracking Analytics

Pros

  • Available in more than one language
  • Terminal allows multiple interface
  • User-friendly format for MT4 Terminal

Cons

  • Limited range of trading tools

Market Research

FXTrading.com does not have any market research material available on its website. You will not be able to access any research material.

Customer Service

The customer service support of FXTrading.com has only positive feedback from clients, where traders have praised the accommodating and patient staff. You can reach FXTrading.com customer support through different means, but the postal service can take a while to respond.

This FXTrading.com review will demonstrate the different ways you can reach the customer service support of FXTrading.com,

The customer service support of FXTrading.com is an accommodating and patient staff with a thorough response to any of your questions. You can reach them via phone, email, postal service, or social media. The customer service has a fast response and the staff responds to your inquiries as fast and accurate as they can.

Pros

  • Different means of communication
  • Fast response
  • Accommodating and patient staff
  • Relevant answers to questions

Cons

  • Postal service takes time to respond
  • Not available 24\7  

Means Of Communication

  • Postal Service
  • Online Message
  • Live Chat
  • Phone Support
  • Facebook Messenger
  • Email Support 

According to customer feedback, the most important feature of customer service is the patience that the staff holds. The staff is very accommodating and thorough, repeating themselves and moving at a step-by-step pace with every trader. The customers’ overall experience with customer support has been positive and traders are quite impressed by the support.

Client Education

With FXTrading.com, you will not find any educational materials on the website. This Forex trading broker does not provide any form of educational resources, except for a Demo Account that you can use for free.

This FXTrading.com review will show you a step-by-step guide on how to open a Demo Account.

Demo Account

The Demo Account offered by FXTrading.com allows you access over the two trading accounts to try out, and you will be able to test your trading abilities for 30 days with 50,000USD in virtual funds. Despite not having any educational resources, the Demo Account is a good hands-on approach to learn about the Forex broker or trading in general.

Pros

  • Free Demo Account
  • Up to 50,000USD in virtual funds
  • Easy opening process
  • Hands-on educational approach

Cons

  • Only for 30 days
  • Only educational resource available

How To Open a Demo Account

Step One: Fill in the online application with your personal information

FXtrading.com Demo Account Step 1

Step One: Fill in the online application with your personal information

Step Two: Download MetaTrader4 and start virtually trading!

FXtrading.com Demo Account Step 2

Step Two: Download MetaTrader4 and start virtually trading!

Conclusion

In conclusion, FXTrading.com is a very trustworthy broker since it is approved and regulated by the Australian Securities and Investment Commission (ASIC). You will find that the trading accounts are tailored to your trading needs, but it is preferred that novice traders consider before trading with FXTrading.com, since it is an advanced broker. The customer service of FXTrading.com is considered to be one of the best features of the broker, according to traders’ feedback.

We suggest you try out FXTrading.com through their 30-day free Demo Account to ensure that you can trade with them. However, FXTrading.com is a trustworthy broker that prioritizes client protection and transparency.

fxtrading.com
$200
Min. Deposit
100%
Bonus
Regulated byASIC
Leverage1:200
Customer Support24/5
Open Account

FXTrading.com Overall Performance

  • Safety and Regulation 98% 98%
  • Deposit and Withdrawal 98% 98%
  • Market Research & Trading Tools 97% 97%
  • Broker Fees 98% 98%
  • Trading Platforms 97% 97%
  • Customer Service 99% 99%
  • Account Opening 98% 98%
  • Market & Financial Instruments 97% 97%
  • Client Education 99% 99%

Frequently Asked Questions

Is FXtrading.Com A Good Broker?
FXTrading.com offers the security measure of storing client funds in segregated accounts. This Forex broker abides by the regulations of the ASIC by providing regular risk management audit reports to ensure transparency in all its transactions and client interactions.
Is FXTrading.com Legit?
FXTrading.com is regulated under the Australian Securities and Investment Commission (ASIC) and under the Markets in Financial Instruments Directive (MiFiD). These two regulatory agencies and EU policy are one of the top-tier financial regulators in the world. They do not approve of brokers easily, and it is not a simple task to obtain a license from either regulatory body, but FXTrading.com has an official license from both parties. This shows that FXTrading.com is a trustworthy brokerage firm.
How Long Do FXTrading.com Withdrawals Take?
FXTrading.com withdrawals take between 1-5 business days.
What Is The Minimum Deposit For FXTrading.com?
The minimum deposit for FXTrading.com is 200USD.
Is FXTrading.com Regulated?
FXTrading.com is a safe and secure Forex broker that values client protection and transparency with its clients. You can trust that your funds and personal information with FXTrading.com, since your funds are stored in segregated accounts. FXTrading.com is regulated under the under the Markets in Financial Instruments Directive (MiFiD) and the Australian Securities and Investments Commission (ASIC), which means that they are an approved and safe broker.
Is FXTrading.com An ECN Broker?
Yes, FXTrading.com is an ECN broker.
Is FXTrading.com Safe?
FXTrading.com is regulated under the Australian Securities and Investment Commission (ASIC) and under the Markets in Financial Instruments Directive (MiFiD). This Forex broker stores client funds in segregated accounts, and abides by the policy of turning in regular risk management audits for maximum transparency of its transactions.