EUROPEAN BROKER- FXVIEW
Review
Fxview, a European forex broker founded in 2018 which has made its entry with promising trading conditions and customizable trading platform.
Fxview offers powerful trading platforms, institutional grade liquidity and execution speed, advanced trading tools and 24/5 customer support.
They aim to provide retail clients with the same trading conditions that institutional clients have access to.
Regulations
Fxview is headquartered in Limassol, Cyprus. It is also registered with regulations including-
- UK Financial Conduct Authority — FCA
- German Federal Financial Supervisory Authority — BaFin
- French Autorité de Contrôle Prudentiel et de Résolution — ACPR
- Italian Commissione Nazionale per le Società e la Borsa — CONSOB
- Spanish Comisión Nacional d to e Mercado de Valores — CNVM
- Norwegian Finanstilsynet
Trading fees
There is no dearth of forex brokers in the industry, each broker has its pros and cons but one chooses which match with their trading style. There are many great ECN brokers out there but Fxview has definitely turned the heads with their unmatchable trading conditions.
They charge a very reasonable commission. If we combine spreads+commission charges they are among the top 5 forex brokers. The average spread for the EUR/USD currency pair in its RAW ECN account is only 0.2 pips plus a commission of $2/100k RT. Their execution model is pure ECN market execution, and all your orders are filled at the best available prices in the market with their LPs without any dealing desk intervention.
Also note that the Minimum deposit requirement set by Fxview is 5 euros which is quite low in comparison to others.
Financial Instruments
Fxview offers trading in over 100 instruments across forex, indices and commodities. In forex all major, minor and exotic pairs are offered for trading. Leverage offered for trading for retail clients is only 30X.
Account type
Fxview offers only one account option, RAW ECN Account. They offer the tightest spreads in this RAW ECN Account.
Trading platforms
They offer the following trading platforms:
• MT4
• MT5
• ActTrader
Along with the competitive trading conditions, Fxview offers MT4 which is a very popular trading platform whereas MT5 is a multi-functional trading platform and on the other hand ActTrader is a fully customizable trading platform.
MT4
MT4,the gold standard for trading platforms, has the most user-friendly interface suitable for traders of all levels. It offers various charting tools, 50+ built-in indicators and tools for technical analysis and MQL programming language
MT5
Whereas MT5 is an improved version of its predecessor, MT4.It is equipped with Improved testing capabilities, allows segregation between the terms of order, position, and transaction and supports fundamental & technical analysis.
ActTrader
ActTrader is a fully customizable trading platform. Fxview has definitely invested in this top-notch platform. It offers various features like visual strategy builder, one click trading along with a fully customisable interface.
Customer Support
Customer Support is something where many brokers go down on the list. Fxview is available 24/5. In case of any query, traders may reach up to them via responsive live chat, mail and phone support. FAQ section is also available to answer various questions.
Account opening
Fxview opens new accounts of traders conveniently via an online application. The four-step process is what traders are supposed to follow to get started with Fxview. Such documents are required for opening an account with Fxview
- Proof of your residence,
- Proof of your identity:
Also, you will need these documents during the In-Person-Verification (IPV).
Deposits and Withdrawals
Fxview supports bank wires, credit and debit cards, Skrill, Neteller, GiroPay, Rapid, Klarna, Przelewy24, Nordea.
Fxview does not charge any fees, however the intermediary parties (payment processor) involved may charge.
For international bank wire deposits, please allow 3–7 business days for funds to reflect in your Account. Fxview does not charge for bank wire deposits but the sending and correspondent bank may charge according to their own fee structure.SEPA transfers usually reflect within the same business day and the fees are very low (usually a few euros).
Fxivew seems to be a promising broker which is here to provide a great trading experience. Given the spreads, commissions, low deposit requirement, this broker definitely has an edge over its competitors, which is why one can’t deny calling them one of the best options for forex trading.
