Fxview is a renowned name in forex trading, known for offering competitive spreads and excellent trading conditions. Established by veterans in the financial industry, Fxview offers trading in forex, commodities and indices.
Pros and Cons
Fxview was established with an aim to provide retail investors with the same kind of features that institutional investors enjoy. A diverse range of assets, powerful trading platforms, high liquidity and exceptionally fast execution speed are some of the highlights of the broker.
They are headquartered in Cyprus, and have a strong customer care team that is known to respond to customer queries within a span of 24 hours.
Fxview is regulated by the Cyprus Securities and Exchange Commission. They lay emphasis on segregation of funds in order to ensure further security of funds. Abiding by the laws of the land, they don’t use clients’ money for any operational purposes.
Fxview offer their services to clients all over the world, where trading is allowed and is legal. They even accept clients from the US which many brokers avoid.
They offer Metatrader 4 for trading, which is the most widely used trading platform in the world. They provide access to a wide variety of tools such as EAs, technical analysis and algorithmic trading.
MT4 on Fxview provides over 50 built-in indicators, strategy testers and news. It is even possible to develop one’s own EA and indicators, or download some ready-to-use trading scripts.
MT5 is a multi-functional trading platform offered by MT5. It has got very sophisticated order management tools, including eight pending orders and four order execution modes. It allows traders to open more than 100 currency charts at the same time, and also gives the hedging option system. Its economic calendar and service of direct news streaming is another one of its great features.
Fxview’s customised trading platform – ActTrader – offers one-click trading and allows enhanced risk management. The graphs and charts on this trading platform are very detailed. Its visual strategy builder lets the trader make automated strategies using the charts, even without having any coding knowledge.
Fxview offers a wide range of research and trading tools. Their chart pattern recognition software called Autochartist is available free of cost to their clients. It can automatically recognise trade set ups as per the support and resistance levels. Traders get alerts and then can scan markets as far back as 6 months. This helps traders analyse the trends rather effectively. Additionally, it has a risk calculator which can give fairly accurate predictive movement of the next hour.
Fxview offer fix API connectivity to their clients, which provides access to multiple markets and a large range of assets to trade. Very importantly, it enables the traders to practice the FIX environment, prior to live trading. This very helpful tool is not chargeable to Fxview clients if their trade volume is more than 20M a month.
To make life of new traders easier, Fxview offers various easy-to-use calculators to their clients. For instance, pip value, Fibonacci, pivot points, profit and loss, to name a few.
In order to avoid discrimination of services amongst seasoned and new traders, Fxview offers all its traders a raw ECN account. Traders receive the advantage of the most competitive spreads in the industry, and superior quality of order execution.
Fxview offers free deposits and withdrawals to all their clients, who undertake a minimum amount of transfer. And their withdrawals never take more than 1 working day. They offer various payment options such as bank transfers and card payments.
Contact and customer support
The team at Fxview completely understands that at any moment while the market is open and their clients are trading, they may require assistance. Hence, their customer support team is available throughout the trading time period for its customers. The best part is that this support and assistance is provided in many different languages.
They even have a live chat option which can be used to reach them anytime. Mails and calls are the other options of getting in touch with them.
Unlike many brokers, opening an account with Fxview takes only a couple of minutes. All you need to do is provide your personal details, which then need to be verified. Upon verification, a username and password has to be created, and you can start trading after making a cash deposit in your account.
Fxview is a strictly regulated broker, with clients from across the globe. It is recommended for beginner as well as experienced level traders. With low spreads, flexible leverage and advanced research tools, Fxview is easily one of the best forex brokers out there.