currency market without signing up with a broker functioning as an intermediary between traders and the market.
You will be dependent on the broker for getting real time price quotes and placing trades. However, choosing the right broker is not an easy task with lots of options to consider. Reading detailed reviews about different brokers surely helps in selecting the one that suits your requirements.
In this review, we will be uncovering all the details of Fxview: a CySEC regulated broker delving into the trading conditions offered on this platform along with other services.
Platforms that you can trade on after signing up with Fxview
Fxview users get a lot of options when it comes to trading platforms. You are free to choose any of the platforms integrated with the broker and trade with ease.
- MetaTrader 4 – The first platform that Fxview offers is MetaTrader 4, which is the most commonly used trading platform among forex traders. This platform is perfect for beginners who want to keep it simple and trade using basic tools. Besides MT4 tools, you can access helpful trading tools like Fxview forex commission calculator on the platform for free, and you can depend on it for all trade-related calculations.
- MetaTrader 5 – The advanced version of MT4 is suitable for those who want to trade multiple asset classes. Fxview is not just a forex broker but also offers other instruments like stocks, indices, commodities and cryptocurrency CFDs. Hence, if you are interested in exploring different markets for a diversified portfolio, MT5 can be an apt platform for you.
- ActTrader – ActTrader is yet another advanced platform which is highly customisable. Fxview is one of the very few brokers offering this platform. Hence, traders who are keen to try out different platforms can consider Fxview.
- Zulutrade – Not everyone is capable of making profits by trading themselves. Copy trading is a feasible alternative for those who just want to make profits without playing an active role in the trading process. Fxview supports copy trading with Zulutrade, which is a reputed social trading platform with a large community of expert traders and investors who copy them.
Trading conditions that you get on Fxview trading account
Fxview is an ECN broker, and there will be no dealing desk intervention. They let their clients trade with the lowest spreads, starting from zero pips on major pairs by partnering up with top-tier liquidity providers. Hence, this broker has access to a deep liquidity pool, which allows them to offer solid trading conditions, making it cost-effective. They just charge $1/100k per side as commission for every trade, and there are no other charges in the form of platform fees or account maintenance charges.
You can surely save a lot on the trading cost with Fxview. They offer up to 500X leverage, and all clients will get negative balance protection in margin trading so that your account balance does not fall below zero. You can use the margin calculator provided by Fxview to calculate the required margin based on your trade size and leverage.
Fxview – Account opening process
The account opening process with Fxview is very quick and hassle-free for both demo and live accounts. You will be able to trade all the trading instruments offered by Fxview with virtual funds after signing up for the Fxview demo account by providing basic details like name, contact number and email. You can use it for practising and also for getting familiar with the trading environment while demo trading in real-time market conditions.
Registering for a real or live account is also easy once you fill in the required details and complete the online verification process. Your account will be activated for trading after adding funds. The minimum deposit requirement varies based on your country of residence. Those who are from the EU can fund their account €200 for meeting the minimum deposit requirement, but anyone outside the EU can start trading with a minimum deposit of $50.
They are offering raw ECN accounts for fast execution of trades. Traders can fund their account with 4 different currencies: US Dollar (USD), Australian Dollar( AUD), Euro and Great British Pound (GBP). Because of the ECN execution mode, Fxview is ideal for scalpers and high-volume traders who are looking for a platform providing the best prices without major slippage and re-quotes happening.
Muslim traders can also choose Fxview for halal trading as they offer swap-free accounts to trade freely without worrying about breaking any religious rules or principles of Islamic finance. Another option on Fxview, is the ability to trade or invest in MAM/PAMM accounts. Both expert traders and newbie investors can make use of these managed account services to earn more. The account opening procedure can be completed within a few minutes, irrespective of the account type you choose on Fxview. You can also get in touch with their multi-lingual live chat customer support 24/5 for any kind of assistance.
Which trading styles are supported by Fxview?
Fxview does not put any restrictions on trading style, and you will get favourable trading conditions for scalping, day trading, swing trading or even long-term strategies like position trading. They also support the usage of EAs for automated trading and API trading. You can also subscribe to the trading signals on both MT4 and MT5 to simplify the trading process. Those who want to mitigate the risk with hedging can also consider Fxview.
The ECN execution and tight spreads, along with low commission, make this broker suitable for scalpers and day traders. Because in both scalping and day trading, you will be executing multiple trades on a daily basis, and this can increase your trading cost. But when you trade with a low-cost broker, you can reduce the trading cost to a great extent and optimise potential profits.
What other programs are offered by Fxview?
Besides serving traders with a technology-driven platform, Fxview is also assisting emerging brokers with their white label partner program. This is a turnkey solution for new businesses that want to launch their own forex brokerage with lesser investment. In fact, beginners who lack experience and expertise can mark a successful beginning to their brokerage business with the help of a reliable white label provider. If you are not familiar with the term ‘white labelling’, then you might be wondering ‘, What will I get in this white label program?’
To answer this question in simple words, white labelling is a partnership program which allows new brokers to launch their platform with the existing technology of the white label provider, cutting down on expenses and time as the primary broker will help in going live within a few weeks. The initial setup cost is greatly reduced, and the new broker will only have to pay a regular platform fee while all the technical and complex processes, including liquidity arrangements and platform maintenance, will be handled by the platform provider.
Fxview’s white label partner program is quite affordable, and they cover all the technical aspects of establishing a forex brokerage, saving you from the time-consuming process with complex processes and numerous test runs before the final launch. They will be offering help for branding, marketing and promotional activities along with platform customisation. The new broker will also get ongoing support for running the brokerage, and Fxview also offers training programs to their white label partners.
Fxview – Trading Tools
Fxview offers a bunch of helpful trading tools, including an economic calendar, different types of automated forex trading calculators, a trader’s toolkit with a lot of useful tools and affordable VPS services for an uninterrupted trading experience.
Zero cost funding
Coming back to the services offered to traders, funding and withdrawals are always something that we need to pay attention to before choosing a brokerage platform. With Fxview, you will get a bunch of different options for both funding and withdrawals and that too at zero cost in terms of processing fee. Hence, you can deposit funds and withdraw profits without paying anything extra. You can choose any mode of payment that you are comfortable with, and having such options is very important when choosing a platform.
Affiliate and Introducing Broker programs
Fxview also offers affiliate programs and IB programs where you get to earn a commission for the clients you bring to the platform. They will help you with promotion material and referral links, if you have a good network of potential clients, you will be able to earn some passive income by partnering with Fxview. Such programs are very beneficial for generating additional revenue along with trading.
Final verdict
Finally, Fxview has a growing client base as they are trying their best to bring the latest updates to their clients which is commendable. By complying to the standards of multiple regulators and providing a seamless trading experience to their clients with secure transactions, Fxview has emerged as a trusted choice for many traders on a global level. So, check if they suit your requirements and make a wise choice.
