FxSign Review 2024

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Written By
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Written By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
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Fact Checked By
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Fact Checked By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.

1.3 / 5
FxSign is #15 in our CFD broker rankings.
CFDs, Forex, Commodities, Crypto
Wire Transfer, Perfect Money, Bitcoin Payments, Debit Card, Credit Card, PayPal, Skrill, Neteller, Visa, Mastercard


  • Demo account
  • Low minimum deposit


  • No copy trading
  • Low rating
  • No MT4 integration

FxSign Review

FxSign is an online CFD broker that provides trading on 120+ instruments via the MetaTrader5 (MT5) platform. The deposit bonuses and high leverage on offer make FxSign an attractive prospect for some commodity, crypto and forex traders, though some will hesitate to sign up with this offshore broker due to the limited regulatory oversight.

This FxSign review will assess the firm’s platforms and apps, spreads and fees, account types, promotions, and safety ratings. Our experts also share their opinion on trading with FxSign.

Key Takeaways

Assets & Markets

FxSign offers a limited selection of 120+ trading instruments via CFDs with ECN connectivity:

FxSign Leverage

The maximum leverage available when trading with FxSign varies by account type:

As with many offshore brokers, this leverage provides significant purchasing power with borrowed funds, but also amplifies risks, so beginners should beware of trading with high leverage.

Note that FxSign’s regulator does not require negative balance protection, which stops retail traders from becoming indebted to brokers through losing trades.

All accounts have a 50% margin call and a 30% stop-out level.

Account Types & Fees

There are four FxSign accounts that offer varying pricing structures and features: Cent, Standard, Professional, and Institutional.

The account you can access will depend on the amount you are able to deposit, and the main differences between them relate to trading fees and the number of instruments available. Put simply, the more you deposit, the less you will need to pay in fees and the more instruments you can trade.

Our account comparison lists the key details:





How To Register For An Account

To open an FxSign account:

  1. Complete the online registration form
  2. Select ‘Create Account’
  3. Login credentials will be sent to the registered email address
  4. Select the ‘Login’ icon from the top menu and sign in to the client dashboard to begin trading

You will need to upload identity verification and proof of address details to comply with the know-your-customer protocols. This can be done once you have signed in to the client portal and clicked on ‘KYC Documents’ from the side menu. Use the ‘Upload’ icon to begin.

Trading Platform

FxSign clients can trade on the reliable MetaTrader 5 platform. This software is similar to its predecessor, MetaTrader 4, but with additional features, some updated functions and compatibility with several asset classes beyond forex.

Features available include 38+ in-built technical indicators, netting and hedging options, real-time charting (bar, line, and candlestick), and 44 analytical objects. Graphs can be viewed across 21 timeframes, alongside an integrated economic calendar and a strategy back-testing feature.

MT5 traders can use the MQL5 programming language to develop and test expert advisors – automated trading robots that can provide signals or open and close positions autonomously according to the user’s parameters.

MetaTrader 5 can be downloaded to desktop devices or used directly through web browsers such as Google Chrome or Internet Explorer.

FxSign MT5 platform
MetaTrader 5

How To Place A Trade

Opening new positions on the MT5 terminal involves either right-clicking on the chosen asset from the Market Watch window, clicking F9 to initiate one-click trading, or right-clicking on the trade tab in the lower screen section.

To make a trade using the ‘New Order’ icon:

  1. Log into the FxSign client area
  2. Open your MT5 terminal
  3. Select the ‘New Order’ icon (white page with green +) from the toolbar along the top of the screen
  4. Add the order details to the pop-out window (e.g. volume, stop loss and take profit, comments)
  5. Select ‘Buy’ or ‘Sell’ to confirm the order

FxSign App

Our team were disappointed to see that the broker does not offer a proprietary mobile app. Instead, FxSign customers can make use of the MT5 mobile application, which is available for free download to iOS and Android devices.

Although not the most modern or sleek of designs, the MT5 app has all the features and functions needed for successful trade execution, with customizable charts, integrated technical indicators, and news updates. The price alerts and market notification tools are especially useful while trading on the move.

Demo Account

A free demo account is available to new FxSign day traders, offering leverage of between 1:10 and 1:1000, and with virtual funds available between $1000 and $1,000,000.

Demo account users have full access to the features and functions available on the MT5 platform, making these accounts ideal for practicing opening and closing positions, and the perfect way to sharpen your strategy and develop your technical analysis skills.

Given the firm’s unregulated status and user complaints, a paper trading account is also a good place to start before risking real funds.

FxSign Dashboard for Deposits

How To Open A Demo Account

  1. Create an FxSign account and log in to the client area
  2. Select ‘Accounts’ from the side menu, then ‘Demo Account’
  3. Choose the ‘Open Demo Account’ icon from the page and select your desired leverage and virtual balance in the pop-out window
  4. Click ‘Submit’
  5. Login credentials will be sent to your registered email address
  6. Download the MT5 platform and sign in to start trading

Payment Methods


Deposits to an FxSign account can be made in USD only, and traders are liable for any currency conversion fees. This is a drawback vs other brokerages that cater to traders in different regions with local currency support.

The broker accepts payments via several deposit methods including PayPal, Skrill, bank wire transfer, and credit/debit cards. You can deposit funds directly to a trading account or transfer to a bespoke wallet.

A $1 commission fee applies for PerfectMoney only. All other methods are fee-free.

When we used FxSign, we could deposit through the following options:

How To Make A Deposit

  1. Sign in to the FxSign client area
  2. Select ‘Payments’ from the side menu and then ‘Deposit’
  3. Choose a payment method from the list of options and select the ‘Deposit’ icon from the right-hand menu
  4. Enter your details in the payment window, and ensure that the correct account is selected in the dropdown
  5. Click ‘Submit’

Note, a deposit receipt upload is required for bank wire transfers and crypto payments.

Making a deposit on FxSign


You must withdraw back to the original payment method used to make a deposit, which is standard practice at many brokers.

Unfortunately, withdrawal fees apply for all methods, including a $50 charge for bank wire transfers and a 2% fee for PerfectMoney transactions. This is a major disadvantage vs competitors.

A minimum withdrawal amount of $500 is applicable for bank wire transfers, which is the highest of all payment methods. Allow up to 10 working days for payments to be processed via this method. E-wallet and cryptocurrency withdrawals can be processed within 24 hours.

Note, KYC documents must be uploaded before a withdrawal can be requested.

Bonuses & Promotions

FxSign offers a 50% bonus on all deposits except with Cent accounts. To claim this financial reward, you must deposit at least $200 and adhere to the broker’s requirements related to the size and volume of your trades.

As an offshore regulated entity, FxSign is not restricted from offering incentives to customers, unlike many brokers that are overseen by major regulators. Importantly though, the broker’s bonuses typically have tough volume requirements, making withdrawals difficult.

Company Details

FxSign was founded in 2015 in Bulgaria before establishing branches in the EU and Asia.

The company is registered in St Vincent and regulated by the St Vincent and the Grenadines Financial Services Authority (SVGFSA). However, this is not a reputable regulator so traders may receive limited account protections.

The firm claims to offer ‘top-tier’ liquidity solutions with transparent market conditions and high-quality order execution with no order delays, slippage, or re-quotes.

FxSign Regulation

FxSign is listed on the St Vincent and the Grenadines Financial Services Authority (SVGFSA) entity search list under registration number, 1740. This is an offshore authorization with limited oversight and powers over registered companies.

FxSign is also registered to offices in Turkey and Dubai, though no financial oversight is apparent for these entities.

With unclear information regarding consumer safeguarding and the financial protection available, traders should ensure that they understand the risks and have researched the company thoroughly before investing their capital.

Alternatively, many regulated brokers are available to traders.

Customer Support

The broker offers several customer contact options for retail investors, available weekdays from 9 AM to 7 PM (GMT +4). Having said that, the live chat function was offline when our experts tested it during these hours.

There is also an FAQ section on the FxSign website, though trade and account information are limited.

Traders who are interested in joining FxSign can contact the broker using the following contact information:

Additional Features

FxSign provides clients with very limited extra features in the form of educational content and market analysis.

While using FxSign, our experts found that many of the links were broken, expired, or outdated and did not provide particularly useful trade support. The information we were able to access was basic, with topics such as long-term trading vs short-term trading and the advantages of using a demo account.

Trading Hours

FxSign does not publish specific trading hours, but these are likely to follow the standard hours for the asset type, with cryptocurrencies available to trade 24/7, forex 24/5, and hours for commodities dependent on the exchange.

Security & Safety

The broker implements HTTPS data encryption through its website.

In addition, the MetaTrader brand is renowned for its security, operating with hidden IP addresses and RSA digital signatures.

FxSign Verdict

FxSign provides some competitive trading conditions with access to the MT5 platform, reasonable fees, high leverage, and 24/5 customer support. However, the lack of credible regulation from a top-tier authority is disappointing and leaves FxSign traders with few protections. The narrow range of trading instruments and limited additional tools also means the broker does not rival most alternatives.


Is FxSign Regulated?

FxSign is registered with the St Vincent and the Grenadines Financial Services Authority (SVGFSA). This is an offshore entity with limited consumer protection and financial safeguarding for retail traders. This also increases the risk of the brokerage being a scam.

Is FxSign A Good Broker?

FxSign offers some useful features, with trading on the MetaTrader 5 platform and app, 24/5 customer support, commission-free trading solutions, and a demo account. However, there are multiple downsides, including the offshore regulatory status and the lack of educational content or advanced trading tools. The suite of tradable instruments is also limited vs competitors.

Is It Cheap To Trade With FxSign?

FxSign is not the cheapest broker. Trading fees vary by account type with the Cent profile offering the lowest minimum deposit of just $1, with a commission fee of $0.07 and spreads from 1 pip. The cheapest fees can be achieved via the Institutional account, with no commission and spreads from 0.1 pips. However, a $15,000 deposit is required.

Does FxSign Offer A Choice Of Trading Platforms?

No, FxSign offers the MetaTrader 5 (MT5) platform only. This can be used on a desktop terminal or on iOS and Android mobiles.

Is FxSign Legit Or A Scam?

FxSign claims to have been operating since 2015 with customers around the world. However, our review of FxSign found several issues, from weak regulatory oversight and withdrawal issues to unclear information on the firm’s background and management team. As a result, our experts recommend caution when opening an account.

Top 3 Alternatives to FxSign

Compare FxSign with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

  2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.

FxSign Comparison Table

Compare FxSign With Similar Brokers
FxSign IG Interactive Brokers World Forex
Rating 1.3 4.4 4.3 4
Markets CFDs, Forex, Commodities, Crypto CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit $1 $0 $0 $1
Minimum Trade 0.01 Lots 0.01 Lots $100 0.01 Lots
Bonus 50% Deposit Bonus 100% Deposit Bonus
Education No Yes Yes No
Platforms MT5 Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral MT4, MT5
Leverage 1:1000 1:30 (Retail), 1:250 (Pro) 1:50 1:1000
Payment Methods 10 6 6 10
Visit Visit Visit Visit Visit
Review IG
Interactive Brokers
World Forex

Compare Trading Instruments

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

Compare FxSign Trading Instruments
FxSign IG Interactive Brokers World Forex
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks No Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes No Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver No Yes No Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes Yes No
Spreadbetting No Yes No No
Volatility Index No Yes No No

FxSign vs Other Brokers

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


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Article Sources

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