An emerging forex broker — Fxview
With a multitude of forex brokers out there, traders are in constant search of the best brokers and even take no time in switching when it comes to the best trading conditions,despite satisfactory experience with existing brokers. And I’d why not? Consumers are always looking for the best deals so as long as switching seems beneficial,traders take no time to switch or add to their existing line of brokers.
So this article is further going to be based on one such broker,Fxview which is a fresh name in the list of forex brokers and is forging ahead because of their competing yet attractive offerings.
So here are some facts about this ECN forex broker,
Fxview is a Cysec regulated broker and is also regulated by some other major regulatory bodies such as Consob,ACPR, Bafin. The broker offers Negative balance protection and all that makes them quite reliable and solid.
Fxview allows its traders the opportunity to trade
-Forex
-Commodities
-Indices
Account opening with fxview is quite simple and verification barely takes a few hours.
As for the trading conditions that Fxview provides, they are as follows-
- Fxview charges a minimal commission of $1 per 100k per side.
- Spreads with fxview can be seen ranging between 0.1–0.3 pips on various currency pairs.
- Fxview allows its customers to choose from various globally accepted trading platform such as Mt4,Mt5 and Acttrader.
- Other than solid trading platforms, traders even have access to the Autochartist and Trader’s toolbox which assists a trader in carrying out a good analysis.
- With fxview, leverage can be availed upto 30x for any retail account,and upto 500x with professional accounts.
- The minimum deposit required to start trading with fxview is just $5,which is almost equivalent to nothing.
Now that we have a good view lets go deeper to discuss some of their pros and cons to arrive at a better decision as to whether the broker is worth a try or no.
PROS-
From the research that I’ve done on this broker, fxview seems to be highly praised among traders for its tight spreads. People have repeated mentioned fxview’s spreads going zero on some most liquid pairs like Eur/usd and gbpusd.
Next, the commission charges of fxview- $2RT is quite low in comparison to various existing forex brokers. So the broker is affordable for all kinds of traders.
The broker seems to be offering one of the most widely used platforms along with Acttrader which is not something you’ll find easily with brokers.
Last but not the least, the broker is regulated by the CySec which is a strong regulatory body hence one need not to worry about the safety of their funds with the broker as its under a very strict regulation.
CONS -
As for the things which might be a matter of concern for someone would be if they are not from Europe. Yes, fxview seems to be accepting only clients from Europe as of now. So if you’re not based in Europe, umm… I’m sorry!
Next, another thing is that the broker is not supporting trading in cryptos or stocks as of now,so again you’ll have to check here.
Rest, everything seems to be nice and good about the broker. The offerings are really catchy and I’d see no strong reason to not try them out. Fxview seems to be giving some tough competition to existing brokers and with some little improvements I won’t be surprised to see them among the best forex brokers in a very short time span.
I hope this was helpful.
Happy Trading!
