Fxview.com Review 2023
Fxview, a Finvasia Group company, was founded in 2017 and is regulated by CySEC (Licence No. 367/18). As a Cyprus Investment Firm, the Company is obliged to adhere to all of the relevant European and local laws and regulations, including the Markets in Financial Instruments European Directive (“the MiFID II”) and the L. 87(I)/2017 regarding the provision of investment services, the exercise of investment activities and the operation of regulated markets.To get more news about fxview review, you can visit wikifx.com official website.
Many non-EU residents' clients will deal with the duly registered St. Vincent and Grenadines unit, company number 1112 LLC 2021. Fxview is a Financial Commission member, and the Hong Kong-based firm grants a €20,000 compensation fund per case, placing it on par with CySEC-regulated brokers.
Negative balance protection and segregation of client deposits from corporate funds apply. Fxview maintains a spotless operational record, making it a safe and secure broker across all its operating subsidiaries.
Fxview grants dynamic multi-tier leverage, which I find an excellent approach. It lowers the maximum with an increase in volume, providing an intelligent risk management solution for traders and itself. Major currency pairs get 1:500 leverage for trades up to 100 lots (a highly competitive offer) except for traders at the CySEC subsidiary, where regulatory restrictions limit it to 1:30. For Global Entity, commodity traders get 1:500 in gold and 1:100 for the rest. They can get up to 200x leverage for indices and up to 10x for cryptocurrency.
Fxview offers unlimited demo accounts, where MT4/MT5 provide the most flexibility. They are ideal for testing strategies and algorithmic trading solutions. Fxview will close demo accounts if no activity occurs for 30 days, which is normal. Otherwise, no restrictions apply.
I recommend a demo account balance similar to what is planned for the live deposit. I also want to caution beginner traders against using a demo account as a psychological tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value.
Traders get the core MT4/MT5 trading platforms, which Fxview upgrades with the Autochartist plugin, plus eleven plugins from FX Blue Labs. It also offers 17 custom indicators from FX Blue Labs, creating one of the most competitive MT4/MT5 trading environments, with full support for algorithmic and copy traders.
Fxview also features ActTrader, another Finvasia acquisition, featuring a fully customizable interface, interactive risk management, one-click trading, and feature-rich charts and graphs. The most notable advantage of ActTrader is its visual strategy builder, allowing traders to automate strategies in a code-free environment. The design feels dated, but the functions are innovative.
Multilingual customer supports at Fxview is available 24/5, but I recommend traders check the extensive FAQ section first, as it answers most questions. Fxview describes its products and services well, and I doubt most traders will require additional assistance. Live chat is ideal for non-urgent matters, while phone support remains best for pressing issues, like potential problems with financial transactions.
For Global traders, Fxview offers a generous 100% deposit bonus on every deposit from $200 with maximum account leverage of 1:300, which is an excellent offer. It also maintains a loyalty program, where traders earn points per traded lot, redeemable for various perks, including monthly subscriptions and tech gadgets. An affiliate, refer-a-friend, and IB program are equally available.
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