FxPlayer Review 2023

/ 5
FxPlayer is #13 in our CFD broker rankings.

FxPlayer could suit beginners looking for a welcome bonus and access to popular financial markets with micro-lot trading.

- DayTrading Review Team

Founded in 2014, FxPlayer is a forex and CFD broker registered offshore in the Marshall Islands. This brokerage offers a very small selection of forex, commodities and indices on a range of accounts starting from $50. As an NDD broker, clients are promised tight ECN pricing, tier 1 liquidity and fast execution.

Demo Account

MetaTrader 4

Bonus Offer
MT4, MT5, ActTrader
CFD, Forex, Stocks, Futures
100% - 500% Deposit Bonus
Debit Card, Credit Card, Bitcoin Payments, PayPal, Wire Transfer
and 4 more

Forex Trading

FxPlayer offers an average suite of 38 forex pairs with competitive minimum spreads from 0.3 pips, in line with other brokers. The popular MT4 forex trading platform is also available.

Stock Trading

Trade on major indices in the USA, German, Japanese, Australian, Spanish, French, Italian, Swiss and UK markets. On the negative side, fees are higher than many alternatives.

CFD Trading

Access CFDs across indices and commodities with leverage up to 1:200. We liked the good choice of platforms, however, the lack of additional trading features is disappointing.

✓ Pros

  • Several trading platforms to choose from, including MT4, Currenex and ActTrader
  • The broker provides a strong selection of deposit bonuses for new users
  • Clients can fund accounts using popular payment options, plus Bitcoin
  • A range of account types with micro-lot trading available
  • Competitive ECN spreads from 0.3 pips on major currency pairs
  • Copy trading available in the broker's proprietary terminal
  • Low minimum deposit of just $50

✗ Cons

  • Beginners do not have access to helpful training materials or platform tutorials
  • Very poor customer support with no email, telephone or live chat
  • Registered offshore with weak regulation and trust score
  • No shares or cryptos available
  • No mobile app

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


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

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

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.


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.


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.


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.


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.


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.

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.

Payment Methods

FxPlayer Details

Minimum Trade 0.01 Lots
Account Types
  • STP
  • ECN
  • DMA
Islamic Account No
Mobile Apps No
Margin Trading Yes
Volatility Index No
Spot Trading Yes
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Expert Advisors (EAs) on MetaTrader
Social Trading No
Guaranteed Stop Loss No
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
  • Tokyo Commodity Exchange
  • Copper
  • Gold
  • Oil
  • Precious Metals
  • Silver

CFD Trading Details

FTSE Spread Variable
GBPUSD Spread Variable
Oil Spread Variable
Stocks Spread NA
Leverage 1:200

Forex Trading Details

GBPUSD Spread 0.5
EURUSD Spread 0.4
EURGBP Spread 0.5
Assets 38

Compare FxPlayer

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

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade
  3. Scope Markets – Scope Markets offers day trading and investing in multiple spot and CFD instruments. The group of brokers is regulated in several locations, including Belize, Kenya and South Africa. Users get competitive trading conditions, a range of payment methods, strong support and can get started in a few straightforward steps.
    Go to Scope Markets

FxPlayer Comparison Table

Compare FxPlayer With Similar Brokers
FxPlayer IG Group Just2Trade Scope Markets
Rating 1.5 4.4 3.5 4.2
Markets Forex, Stocks, Commodities CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds Forex, Stocks, Commodities etc.
Demo Account Yes Yes Yes Yes
Minimum Deposit $50 $0 $100 $50
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 lots
Regulators FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA CySEC, NFA, FINRA, Bank of Russia CMA, FSC, FSCA
Bonus 100% – 500% Deposit Bonus Up to $2,000 for professional accounts 50% Deposit Bonus Up to $50,000. *Bonus promotions do not apply to all entities. Depending on the jurisdiction chosen to open an account with, different regulations apply.
Education No Yes No Yes
Platforms MT4, MT5, ActTrader MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5
Leverage 1:200 1:30 (Retail), 1:250 (Pro) 1:20 1:2000 (location dependent)
Payment Methods 9 6 20 8
Visit Visit Visit Visit Visit
Review FxPlayer
IG Group
Scope Markets

Compare Trading Instruments

Compare the markets and instruments offered by FxPlayer and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare FxPlayer Trading Instruments
FxPlayer IG Group Just2Trade Scope Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper Yes Yes No No
Silver Yes Yes Yes Yes
Corn No No No No
Crypto No Yes Yes Yes
Futures Yes Yes Yes Yes
Options No Yes Yes No
ETFs No Yes Yes Yes
Bonds No Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

FxPlayer vs Other Brokers

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

FxPlayer vs


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.

Founded in 2014, FxPlayer is a forex and CFD broker registered offshore in the Marshall Islands. This brokerage offers a very small selection of forex, commodities and indices on a range of accounts starting from $50. As an NDD broker, clients are promised tight ECN pricing, tier 1 liquidity and fast execution.