FXTrading.com Review 2024


3 / 5
FXTrading.com is #108 in our CFD broker rankings.

FXTrading.com is a good brand for active traders who want a no-frills way to access a wide range of markets with low fees and frequent trader rewards.

- Daytrading Review Team

FXTrading.com is global broker offering highly leveraged CFDs on 10,000+ assets, including forex, stocks, indices, commodities and cryptocurrencies. Competitive prices with raw spreads and low to zero commissions are available. Traders can use the popular MetaTrader 4 platform and will have access to a suite of additional analytical tools and other resources. The multi-regulated brokerage is authorized by the ASIC and VFSC.

$200
MT4, AutoChartist
Forex, CFDs, indices, shares, commodities, cryptocurrencies
50% Up to $250 plus 10% up to $2250
USD, EUR, GBP, CAD, AUD, NZD
Neteller, Visa, Mastercard, POLi, Credit Card, Wire Transfer, PayPal, WorldPay, UnionPay

Forex Trading

FXTrading clients can access 70+ forex pairs with high leverage up to 1:500, fast execution averaging 80ms, excellent liquidity and spreads from zero. A good selection of minors and exotics are available as well as all the majors. New users can start trading forex in 4 easy steps.

Stock Trading

FXTrading offers clients CFDs on 10,000+ global company shares from a list that includes all major and emerging stock exchanges on an institutional trading platform. Prices are competitive with a floating spread and leverage of 1:10 is available.

CFD Trading

FXTrading offers CFDs on a wide range of assets, including forex, stocks, commodities, indices and cryptocurrencies. Commodities include a selection of softs as well as metals and energies, and the eight indices offered include the US30, US500 and UK100. Flexible leverage is available with excellent risk management tools.

Crypto Trading

FXTrading offers CFDs on 11 cryptocurrencies in 17 pairs, with six large cryptos including Bitcoin, Ethereum and Litecoin available to trade against USD or AUD. All other cryptos trade in USD pairs. Decent leverage of 1:10 or 1:20 is available depending on the crypto.

✓ Pros

  • Blog, forex books and V.O.D library, interactive courses, market analysis, webinars and Autochartist
  • Excellent range of markets including 10,000+ stocks, 70+ forex pairs and cryptos
  • Supports popular MT4 trading platform backed up with proprietary analytical tools
  • Good raw spreads available, starting from zero depending on market conditions
  • Australian branch is ASIC-regulated
  • High leverage up to 1:500
  • No dealing desk intervention
  • Active trader bonuses
  • Rapid execution
  • Tier 1 liquidity

✗ Cons

  • No negative balance protection
  • Global branch has weak regulation

FXTrading.com is an online forex brokerage marketed towards those looking for the security of Australian Securities and Investments Commission (ASIC) regulation. This review explores the broker’s features, platforms and security to help you assess if it’s the right place to start trading.

FXTrading.com Headlines

FXTrading.com is located in Sydney, Australia. The company is owned by Gleneagle Securities Pty Ltd. Having opened its virtual doors in 2014 under the name RubixFX, the firm underwent a rebrand in 2020 to the premium domain ‘FXTrading.com’ in order to expand its global reach.

MetaTrader 4 Platform

FXTrading.com provides the coveted MetaTrader 4 (MT4) platform. MT4 is widely regarded as the best platform on the online retail trading market, with fast execution speeds and extensive functionality, including indicators, charting tools and trading signals.

All the platforms are available for download, including the desktop, web and mobile trading stations. Unfortunately, MetaTrader 5 is not currently an option.

FXTrading.com MetaTrader 4
FXTrading.com MetaTrader 4

FXTrading.com also provides the MetaQuotes Multi Account Manager (MAM) platform. This lets clients manage numerous accounts without opening an investment fund.

Plus, those looking for a more hands-off trading account can utilise the MetaQuotes Percentage Allocation Management Module (PAMM). The service enables ‘Master’ fund managers to trade on your behalf. You set the conditions and the fund manager trades within those limits.

Markets

FXTrading.com offers most online markets, including forex and crypto trading as well as CFDs on indices and commodities:

Spreads & Commission

Spreads at FXTrading.com are competitive. Raw spreads are variable on their Pro account starting at 0 pips. However, commission on these trades is $3.50AUD per lot.

On the Standard account, variable spreads start from 1 pip with no commission. For gold and silver, spreads are variable from 10 cents and 1 cent respectively. Other commodities start at 1 pip. Indices start at 0.5 pips.

Pro Account
Raw Spread
$3.5 per lot / per side Commission

Alpha Account
Raw Spreads
$3.0 per lot / per side Commission

Standard Account
Variable from 1 pip
No Commission

Leverage

Leverage is high compared to European regulated brokers and depends on the asset being traded. All account options offer leverage up to 1:500 for forex.

With that said, as of March 2021, ASIC is bringing in stricter caps to protect clients:

Mobile Apps

The MT4 mobile app is available to download from Google Play or the Apple App Store.

The app makes it easy to switch between devices whilst maintaining trade functionality. To start trading, just sign up to a real or demo account via the FXTrading.com website. Once you’ve opened an account, details will follow about how to access the app.

FXTrading.com mobile app
FXTrading.com mobile app

Payments

FXTrading.com accounts can be created in the following base currencies AUD, USD, EUR, GBP, SGD, NZD, CAD.

Investors can choose from the following deposit methods:

FXTrading.com do not charge any additional fees.

Processing times vary between methods. Deposits are instant for credit cards and E-payments. Wire transfers take 2-5 business days to process and bank transfers take 1-2 business days.

Depositing is simple. Just log in to the secure client portal, select the deposit method and amount, and click request.

Withdrawals to bank accounts take around 2-3 working days. This isn’t much different from most bank transfer or refund processing times, so FXTrading.com is competitive here.

Demo Account

A 30-day trial demo account is available where you can start trading with virtual funds. For those undecided about registering for a real account, the practice account is an excellent way to test the broker’s platforms, tools, customer support and more.

Bonuses

There are a number of promotions on offer at FXTrading.com:

Promotions can not be combined, so consider which is most beneficial to your needs. Terms and conditions are specific to each deal.

Regulation Reviews

FXTrading.com became a registered broker with the Australian Securities and Investments Commission (ASIC) in 2019 under its parent company Gleneagle Securities PTY Limited.

ASIC is a stringent regulator and those compliant with its obligations are considered safe and trustworthy places to trade.

Obligations include:

FXTrading.com is also licensed with the Vanuatu Financial Services Commission which covers traders from across the world.

Additional Features

FXTrading.com provides a regularly updated blog to keep you atop of the latest market events. Beyond this, the resources offered are fairly limited. This is a brokerage for those wanting to trade without the noise.

FXTrading.com Accounts

FXTrading.com offers three account options: Standard, Alpha and the Pro.

Spreads are competitive on all accounts, starting from 1 pip variable with the Standard to raw spreads with the Pro and Alpha.

Commission is payable on Pro and Alpha accounts, at $3.0 or $3.5.

Minimum deposits start at $200 on the Standard, $1000 on the Pro and $10000 on the Alpha.

Depending on your trading strategy, you’ll want to assess whether tighter spreads are what you’re after or if you’re looking to avoid commissions on each trade.

Account functionality is broadly similar across all accounts, including hedging permission, MT4 and MT5 access, lot size etc etc

Trading Hours

Opening hours at FXTrading.com are variable depending on the asset. Forex markets are open 24 hours from Sunday to Friday. There are slight differences in trading hours across commodities and indices, but most open around 1am and close at 11pm Monday to Friday.

Customer Support

Customer services at FXTrading.com can be contacted on +61 (0) 2 8039 7366 for international clients. There is also a live chat function available during working hours (GMT+11).

Alternatively, you can email FXTrading.com at service@fxtrading.com.

Security

The company’s website is HTTPS secure, meaning that your data is relatively safe from hackers. The MetaTrader 4 platform also offers dual factor authentication and secure login settings.

FXTrading.com Verdict

FXTrading.com is a good broker if you’re looking for a user-friendly company, regulated by ASIC that will provide you with all the basics required to get trading at a good price.

With its 2020 rebrand, it’s clear the company is keen to go global. The strong sign up bonuses also make for a good proposition, but its lack of resources let it down slightly.

Top 3 Alternatives to FXTrading.com

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

  1. Pepperstone – Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
    Go to Pepperstone
  2. Vantage – Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to over 900,000 clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
    Go to Vantage
  3. FP Markets – Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to day traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
    Go to FP Markets

FXTrading.com Comparison Table

Compare FXTrading.com With Similar Brokers
FXTrading.com Pepperstone Vantage FP Markets
Rating 3 4.8 4.7 4
Markets Forex, CFDs, indices, shares, commodities, cryptocurrencies CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $200 $0 $50 $40
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators ASIC, VFSC FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB FCA, ASIC, FSCA, VFSC ASIC, CySEC, FSA
Bonus 50% Up to $250 plus 10% up to $2250 50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme
Education No Yes Yes Yes
Platforms MT4, AutoChartist MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade ProTrader, MT4, MT5, TradingView, DupliTrade Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral
Leverage 1:500 1:30 (Retail), 1:500 (Pro) 1:500 1:30 (UK), 1:500 (Global)
Payment Methods 9 11 12 15
Visit Visit Visit Visit Visit
Review Pepperstone
Review
Vantage
Review
FP Markets
Review

Compare Trading Instruments

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

Compare FXTrading.com Trading Instruments
FXTrading.com Pepperstone Vantage FP Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes Yes Yes
Silver Yes Yes Yes Yes
Corn No Yes No Yes
Crypto Yes Yes Yes Yes
Futures No No No No
Options No No No No
ETFs No Yes Yes Yes
Bonds No No Yes Yes
Warrants No No No No
Spreadbetting No Yes Yes No
Volatility Index No Yes Yes Yes

FXTrading.com vs Other Brokers

Compare FXTrading.com with any other broker by selecting the other broker below.

 

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FXTrading.com is global broker offering highly leveraged CFDs on 10,000+ assets, including forex, stocks, indices, commodities and cryptocurrencies. Competitive prices with raw spreads and low to zero commissions are available. Traders can use the popular MetaTrader 4 platform and will have access to a suite of additional analytical tools and other resources. The multi-regulated brokerage is authorized by the ASIC and VFSC.

FAQ

Where is FXTrading.com regulated?

FXTrading.com is regulated with the Australian Securities and Investments Commission (ASIC) as well the Vanuatu Financial Services Commission (VFSC).

Does FXTrading.com offer a demo account?

Yes, FXTrading.com offers a 30-day free trial demo account on the MT4 platform.

How much capital do I need to trade with FXTrading.com?

The minimum deposit is $200 on the Standard account and $1,000 on the Pro account.

The Alpha account requires a minimum deposit of $10,000

Can I trade cryptos on FXTrading.com?

FXTrading.com offers CFDs on Bitcoin and Ethereum.

These are the three most widely traded cryptocurrencies available on the retail trading market.

Does FXTrading.com charge commission?

Commission of $3 per lot is charged on trades if you open a Pro account. There is no commission on trades with a Standard account.