FXTrading Review and Tutorial 2021

Stop United States not accepted.

Go to the Brokers List for alternatives

FXTrading Facts & Figures

FXTrading offers online forex, stocks, commodities and crypto financial markets.

Bonus10% deposit bonus up to $5,000
InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies
Demo AccountYes
Min. Deposit$200
Payment MethodsCredit Card, Mastercard, Neteller, POLi, Skrill, Visa, Wire Transfer
Min. Trade0.01 lots
Regulated ByASIC, VFSC
MetaTrader 4Yes
MetaTrader 5No
STP Account
ECN AccountNo
DMA AccountNo
Mobile AppsYes
Auto TradingYes (EAs)
Social TradingNo
Copy TradingNo
Trade SignalsYes
Islamic AccountNo
Trade the financial markets with raw spreads and up to 1:400 leverage.
FTSE SpreadFloating from 0.5 points
GBPUSD SpreadFloating from 0 pips
Oil SpreadFloating from 1 pip
Stocks SpreadVariable
LeverageUp to 1:400

Trade on the foreign exchange market with ultra-low spreads.

GBPUSD SpreadFloating from 0 pips
EURUSD SpreadFloating from 0 pips
EURGBP SpreadFloating from 0 pips

Trade cryptos with fast execution and zero commissions.

Risk Warning – Your capital is at risk

FXTrading 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 Headlines

FXTrading 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’ in order to expand its global reach.

MetaTrader 4 Platform

FXTrading 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 MetaTrader 4
FXTrading MetaTrader 4

FXTrading 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.


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

Spreads & Commission

Spreads at FXTrading 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.


Leverage is high compared to European regulated brokers and depends on the asset being traded. Both account options offer leverage up to 1:400 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 website. Once you’ve opened an account, details will follow about how to access the app.

FXTrading mobile app
FXTrading mobile app


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

Investors can choose from the following deposit methods:

Fees are covered by FXTrading for most payment methods, except in the instance of wire transfer where a 15AUD fee will apply.

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 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.


There are a number of promotions on offer at FXTrading:

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

Additional Features

FXTrading 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 Accounts

FXTrading offers two account options: the Standard and the Pro.

Spreads are competitive on both accounts, starting from 1 pip with the Standard but dropping to a minimum variable spread of zero pips with the Pro. However, this benefit is recouped on the commissions, as the Standard account is free to place any trade while the Pro comes with a $3.50 charge per lot. 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.

Beyond this, there isn’t much additional benefit to opening a Pro account. Where other brokerages might offer close assistance from account managers, more resources or bigger leverages, FXTrading does not.

To open an account, the minimum deposit is fairly low across both, with $1,000 for the Pro vs the $200 needed with the Standard.


FXTrading is strong in the following areas:


There are a few disadvantages of using FXTrading vs competitor brokers:

Trading Hours

Opening hours at FXTrading 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 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 at service@fxtrading.com.


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 Verdict

FXTrading is a good broker if you’re looking for a no-frills 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.

Accepted Countries

FXTrading accepts traders from Australia, Thailand, 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.

Traders can not use FXTrading from United States, Canada, Japan, Korea, Iran, New Zealand, Vanuatu.

Alternatives to FXTrading

If you are looking for alternatives to FXTrading we have compiled a list of the top 5 brokers that are similar to FXTrading below. This list of brokers like FXTrading is in order of similarity and only includes companies that accept traders from your location.

  1. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
  2. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  3. Forex.com – Forex.com boast a global reputation. Regulated in the UK, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
  4. ZuluTrade – Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
  5. Quotex – Quotex offers a proprietary web platform that offers digital options and copy trading.


Where is FXTrading regulated?

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

Does FXTrading offer a demo account?

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

How much capital do I need to trade with FXTrading?

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

Can I trade cryptos on FXTrading?

FXTrading offers CFDs on Bitcoin, Ethereum and Ripple. These are the three most widely traded cryptocurrencies available on the retail trading market.

Does FXTrading charge commission?

Commission of $3.50 per lot is charged on trades if you open a Pro account. There is no commission on trades with a Standard account.

FXTrading offers online forex, stocks, commodities and crypto financial markets.

FXTrading vs Other Brokers

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