WikiFX Review: Is FXTRADING.com still reliable?

FXTRADING.com is an online brokerage firm that offers trading services for various financial instruments such as forex, cryptocurrencies, shares, commodities, spot metals, energies, and indices. WikiFX has comprehensively reviewed this broker by analyzing its regulations, specific information, etc. so that you have a deep understanding of this broker.

What is WikiFX?

Evaluate the reliability of FXTRADING.com based on its general information and regulatory status

To understand FXTRADING.com better, we explore it by analyzing two main perspectives:

A. General Info of FXTRADING.com

B. Regulatory Status

A. General Info of FXTRADING.com

FXTRADING.com is an online broker offering trading services for various financial instruments such as forex, cryptocurrencies, shares, commodities, spot metals, energies, and indices. The company was established in 2014 and is headquartered in Sydney, Australia.

Account Types

Besides Demo account, this broker offers Standard account and Pro account. The minimum deposit of a Standard account is only $50.

Leverage

This broker offers maximum leverage of up to 1:2000. Traders should understand that high leverage can magnify your profits, but it can also result in a significant loss of capital.

Spreads & Commissions

The spreads and commissions depend on accounts and instruments. Clients on the Standard account can have variable spreads from 1 pip and there is no commission, while clients on the Pro account, can enjoy raw spreads from 0 pips but have to pay a commission of $2.0 per lot.

Trading Platforms

FXTRADING.com offers a variety of trading platforms to meet the diverse needs of its clients.

One of the most popular platforms is MetaTrader 4 (MT4), available for PC, Mac, iOS, Android, and as a web-based version. MT4 is a user-friendly platform equipped with advanced charting tools, technical indicators, and automated trading options.

In addition to MT4, FXTRADING.com also provides MT5 and WebTrader, allowing you to start trading directly after opening an account without the need for any additional downloads.

Deposits & Withdrawals

In terms of deposit and withdrawal, like many good brokers, FXTRADING.com provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc. Deposits include PayPal, VISA, MasterCard, Neteller, UnionPay, Local Internet Banking, POLi, International Bank Wire Transfer and Local Bank Transfer.

Customer Service

FXTRADING.com offers customer support 24/7 AI support, and 24/5 via email, phone, and live chat.

B. Regulatory Status

What is a Legitimate License?

• The legitimate license is the business license issued by the financial regulatory institution of each country/region.
• Holding a license means that the broker is recognized and regulated by the regulatory authority, therefore your money is under protection to some extent.
• Whether a forex brokerage firm holds a legitimate license or not is one of the important factors in evaluating the reliability of forex brokers.
• The content of the regulation and the difficulty of obtaining a license vary with the country and agency issuing the license.

The legitimate license of FXTRADING.com

FXTRADING.com maintains a strong regulatory work-frame. adhering to the respective financial regulatory standards in these jurisdictions. Regulatory oversight by ASIC and VFSC contributes to a safer trading environment for clients.

Engagement on social media platforms

This broker has official accounts on X, Facebook, and Instagram. And for different countries or languages, the broker also has a corresponding account to operate and promote.

Conclusion

Overall, FXTRADING.com is a regulated broker with a decent WikiFX score. The WikiFX score of a broker can be increased or decreased if the broker is constantly running the business in a good or bad direction. Before deciding to invest with FXTRADING.com or any other broker, it's crucial to stay updated with the latest information on WikiFX and conduct your due diligence. Market conditions and broker reputations can change, so make sure to make informed decisions to avoid potential regrets in your trading journey.

If you want more information about brokers' reliability, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find your most trusted broker.