FxPlayer Review 2022

Flag Traders in United States welcome

FxPlayer offers trading on traditional financial markets with a $50 minimum deposit and 1:200 leverage. Clients can also fund accounts with Bitcoin.

Current Promotions

Earn Up To $3,000 With FxPlayer’s Welcome Deposit Bonus

Bonus100% - 500% Deposit Bonus
InstrumentsCFD, Forex, Stocks, Futures
Demo AccountYes
Min. Deposit$50
Payment Methods
Min. Trade0.01
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountYes
ECN AccountYes
DMA AccountYes
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsNo
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingNo
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingEAs
Social TradingNo
Copy TradingNo
Islamic AccountNo
Account Currencies
  • USD
Stock Exchanges
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • FTSE UK Index
  • Japan Exchange Group
  • Nasdaq
  • SIX Swiss Exchange Trading
  • Tokyo Commodity Exchange
Commodities
  • Copper
  • Gold
  • Oil
  • Precious Metals
  • Silver
CFD TradingUse leveraged CFDs to speculate on price swings in popular financial markets.
CFD FTSE SpreadVariable
CFD GBPUSD SpreadVariable
CFD Oil SpreadVariable
CFD Stocks SpreadNA
CFD Leverage1:200
Forex TradingSpeculate on a modest selection of forex pairs with 1:50 recommended leverage.
Forex GBPUSD Spread0.5
Forex EURUSD Spread0.4
Forex EURGBP Spread0.5
Forex Assets38
Risk Warning – Your capital is at risk

FxPlayer Ltd was founded in 2014 and operates as an ECN/STP platform dealing in forex, commodities and indices. The broker is based in the Marshall Islands and is unregulated. Our FxPlayer review delves into the key features of the brokerage such as its fee structure, demo account, trading platforms, and payment options. Find out if becoming an FxPlayer trader is the next step in your investing career.

About FxPlayer

FxPlayer offers a wide selection of trading platforms to meet the needs of beginners through to veteran investors. The brokerage uses tier-one bank pricing with competitive spreads and low commissions. Traders benefit from a transparent pricing model with no dealing desk intervention.

While not regulated by a trusted financial agency, FxPlayer segregates client funds and offers secure deposits and withdrawals, including Bitcoin payments. In addition, new users can get started with welcome bonuses and can take part in trading competitions with cash prizes.

Assets & Markets

FxPlayer offers access to three asset classes:

Cryptocurrency trading is not available.

Trading Platforms

FxPlayer offers access to six trading platforms:

FxPlayer Trader

The broker’s own bespoke trading platform is currently in the beta stage. It boasts the following features:

FxPlayer broker reviews
Trader

UniTrader

UniTrader is a simplistic and straightforward platform that is designed to improve the ease of trading forex and other assets. Key features include:

FxPlayer price quotes
UniTrader

MetaTrader 4

FxPlayer provides access to MT4 which is an industry-leading terminal that is primarily used for forex trading. Key components of the platform include:

Why does FxPlayer keeps crashing?
MetaTrader 4

MetaTrader 5

The MT5 platform is best suited to advanced traders. Key benefits of the platform include:

FxPlayer platform ratings
MetaTrader 5

Other Platforms

FxPlayer also offers the ActTrader and Currenex platforms. Both platforms offer efficient order execution and advanced functionality aimed at experienced traders. The terminals can be downloaded from the broker’s website after account registration is complete

FxPlayer MOD APK download
ActTrader

Note, some online reviews have highlighted technical glitches when executing trades. Make sure you save orders if trying to queue trades.

Mobile App

Nowadays, having access to the financial markets on a mobile device is key. Therefore, we were disappointed to see that FxPlayer doesn’t provide a trading app that clients can download.

But while there is no FxPlayer app for Android (APK or MOD APK) or Apple, traders can still access the broker’s website via the internet app on their mobile device. Despite this, the best way for users to trade will be via PC, using Windows 10 or similar desktop software.

Fees

The broker’s variable spreads are in line with the top low-cost trading brokers. Average spreads on the EUR/USD, USD/JPY and GBP/USD are 0.4, 0.3 and 0.5 pips, respectively.

Commission-based costs vary depending on the account type:

FxPlayer offers no information regarding deposit fees, however they state that withdrawals are likely to incur a cost, dependent on third-party overheads. This is a red flag – it may be expensive to withdraw profits.

Leverage

FxPlayer gives investors the option to leverage their positions. Traders with the Micro and Mini accounts can access leverage up to 1:100 whereas all other accounts offer rates up to 1:200. Margin allows traders to increase position sizes by borrowing funds, however the risks of losses are also multiplied.

The brokerage doesn’t offer negative balance protection.

Live Trading Accounts

FxPlayer offers six different types of trading accounts with increasing minimum deposits. All accounts offer the same spreads and allow payments online, via e-wallet, Bitcoin or by credit and debit cards. As well as varying minimum starting deposits, the maximum position size and leverage differ between accounts:

Demo Account

FxPlayer also offers a free practice account. The demo account provides customers with $10,000 in virtual funds and simulates real-market conditions. This is a good opportunity to try the broker’s services before investing cash. Users can also test different strategies and get familiar with the firm’s in-house trading platform.

Note, some assets may not be available in the demo trading environment and margin requirements vary.

Bonuses

FxPlayer offers comprehensive welcome bonuses depending on the size of the deposit:

On the downside, the firm’s sign-up bonuses can only be used for forex trading. They are not eligible for commodities and indices.

FxPlayer also provides special holiday bonuses between 28 December and 01 January each year, as well as leap year offers.

Deposits & Withdrawals

FxPlayer offers a range of deposit and withdrawal methods:

Withdrawing funds from your FxPlayer account is straightforward. Traders simply need to login and request a withdrawal from the cashier portal. The information provided in the request form will be reviewed by the broker and processed no later than the next business day.  Withdrawal fees will apply depending on the third-party costs incurred by the broker.

Additional Features

FxPlayer offers additional features to entice prospective traders:

FxPlayer education
Live TV Channels

Unfortunately, the broker doesn’t offer a strong selection of educational resources, such as online classes, webinars or a dedicated YouTube channel. As a result, beginners may prefer to trade with another provider.

Regulation

FxPlayer is not registered with a reputable financial body such as the UK Financial Conduct Authority (FCA). The broker is based in the Marshall Islands and by law is not required to be regulated. Still, investors should be cautious when trading with brokers who are ungoverned and unregulated, and therefore do not have to follow measures designed to protect retail traders.

With that said, the firm does segregate client funds from its own capital, offering a degree of protection should FxPlayer go bankrupt.

Security

FxPlayer claims to have invested in high-tech encryption technology that reduces the risk of sensitive information being intercepted and mistreated. However, limited details are provided on the security systems used. It is also unclear how any transaction information, login verification data, or identity documents such as passports, are protected.

Pros Of FxPlayer

There are several reasons to trade with FxPlayer:

Cons Of FxPlayer

Disadvantages to trading with FxPlayer include:

Trading Hours

FxPlayer provides trading and customer support from 10:00 PM Sunday to 10:00 PM GMT on Friday. Asset trading hours vary in line with the opening hours of the respective exchange. Head to the broker’s website for a breakdown.

Customer Service

FxPlayer offers two main routes for customers to get in touch:

The level of customer support is considerably lower than competitors. The best platforms offer live chat, telephone helplines, plus assistance via social media. The FxPlayer FAQ portal is also limited.

FxPlayer Verdict

FxPlayer has some positive qualities that will be attractive to new day traders, from multiple platforms and payment methods to a range of welcome deposit bonuses. However, the list of tradable assets is short and the absence of a reliable support team or dedicated mobile app may deter investors. The broker is also unregulated.

See our list of alternative brokers to start trading today.

Accepted Countries

FxPlayer accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Compare FxPlayer

Compare FxPlayer with similar brokers that accept traders from your location. Among available brokers these are the most similar to FxPlayer:

  1. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  2. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.
  3. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  4. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.

FxPlayer Comparison Table

Compare FxPlayer With Similar Brokers
FxPlayer LQDFX Forex.com IG Group eToro
Rating 4.5 4.4 4.7
Markets Forex, Stocks, Commodities Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $50 $20 $100 £250 $10
Minimum Trade 0.01 0.01 lots $1 0.1 lots $10
Regulators CySEC, IIROC, NFA, CFTC, FCA, CIMA FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin FCA, CySEC, ASIC, FSA
Bonus 100% – 500% Deposit Bonus 100% deposit bonus up to $20,000 No
Education No Yes Yes Yes Yes
Platforms MT4, MT5 MT4 MT4 MT4
Leverage 1:200 1:100 – 1:500 1:200 1:30 1:30 EU
Payment Methods 9 8 8 6 14
Detailed Comparison FxPlayer vs LQDFX FxPlayer vs Forex.com FxPlayer vs IG Group FxPlayer vs eToro
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Compare Trading Instruments

Compare FxPlayer Trading Instruments
FxPlayer LQDFX Forex.com IG Group eToro
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper Yes Yes No Yes Yes
Silver Yes Yes Yes Yes Yes
Corn No No No No Yes
Crypto No Yes Yes Yes Yes
Futures Yes No Yes Yes No
Options No No Yes Yes No
ETFs No No No Yes Yes
Bonds No No No Yes No
Warrants No No No No No
Spreadbetting No No No Yes No
Volatility Index No No No Yes Yes

FxPlayer vs Other Brokers

Compare FxPlayer with any other broker by selecting the other broker below.

FxPlayer vs

FAQ

Is FxPlayer A Regulated Broker?

No. The broker is registered in the Marshall Islands where there is limited regulatory oversight. This is a real drawback versus the top-rated trading brokers that are licensed by recognized financial bodies.

Is FxPlayer A Good Broker?

FxPlayer offers a good range of deposit and withdrawal options, plus generous welcome bonuses. However, the limited customer support, narrow range of trading products, plus scarce regulatory oversight are concerns. As a result, we would recommend trading with an alternative provider.

Is FxPlayer A Legitimate A Broker?

FxBroker is a legitimate trading firm, however the broker has received negative reviews online and doesn’t offer the same regulatory protections afforded by big trading brands. See our list of alternatives to find the right brokerage for your needs.

Are There Restrictions With FxPlayer’s Welcome Bonuses?

Yes. Bonus funds can only be used to trade forex – promotional capital cannot be applied to commodity and index positions. Also check withdrawal terms and conditions before signing up.

Does FxPlayer Offer A Demo Account?

Yes. FxPlayer allows users to practice trading with $10,000 in virtual funds. The paper trading account can be opened from the broker’s main site.

FxPlayer offers trading on traditional financial markets with a $50 minimum deposit and 1:200 leverage. Clients can also fund accounts with Bitcoin.