FXVIEW
Pros and Cons
Pros
- Regulated by Financial Sector Conduct Authority (FSCA)
- Diverse range of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
- Multiple trading platforms: MetaTrader 4, MetaTrader 5, and ACT Trader
- Low minimum deposit requirement of $50
- Segregated client funds and negative balance protection
Cons
- Limited cryptocurrency options available
- Withdrawal processing times may be longer than expected
- No proprietary trading platform offered
- Inactivity fees may apply
- Limited customer support hours (24/5 only)
Basic Information
User Reviews
FXVIEW Overview
FXVIEW is a forex broker established under the Finvasia Capital South Africa (PTY) LTD, with its headquarters located in South Africa. Operating for a period of 5-10 years, FXVIEW is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, ensuring a level of security and trust for its clients in the financial markets. This regulatory oversight underscores the broker’s commitment to maintaining high standards in its operations and offering a reliable trading environment for its users.
Is FXVIEW Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Sector Conduct Authority (FSCA) | South Africa | Segregated Funds, Negative Balance Protection |
Is FXVIEW Regulated and How Are Client Funds Protected?
FXVIEW is a forex broker regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. This regulation provides a measure of legitimacy and safety, ensuring that the broker adheres to strict operational standards. To protect client funds, FXVIEW implements several key safety measures, including the maintenance of segregated accounts, which keeps client funds separate from the broker’s operational capital. Additionally, the broker offers negative balance protection, ensuring that clients cannot lose more than the amount they have invested. Such regulatory oversight and protective measures underscore FXVIEW’s commitment to providing a secure trading environment for its clients in the financial markets.
Trading Products and Services
What Trading Instruments Does FXVIEW Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs (e.g. EUR/USD, GBP/JPY), Minor & Exotic Pairs | 70+ |
| Commodities | Gold, Silver, Oil, Natural Gas | Many |
| Indices | Major Global Indices (e.g. S&P 500, NASDAQ) | 11 |
| Stocks | International Equities (e.g. Apple, Amazon, Microsoft) | 300+ |
| Cryptocurrencies | Bitcoin, Ethereum, Litecoin | Many |
FXVIEW offers a diverse range of trading instruments, catering to various trader preferences and styles. With access to over 70 forex pairs, including major, minor, and exotic currencies, traders can capitalize on the largest financial market globally. The availability of commodities like gold and oil, along with popular indices and a wide selection of international stocks, makes FXVIEW an attractive choice for both novice and experienced traders. Additionally, the inclusion of cryptocurrencies allows for portfolio diversification and adaptability to market trends. This comprehensive product offering supports flexible trading strategies, enabling traders to effectively manage and grow their investments.
Account Types and Trading Conditions
What Account Types and Fees Does FXVIEW Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Raw ECN Account | All traders, including beginners and experienced | Low spreads starting from 0.0 pips, high leverage up to 1000x, quick execution | Minimum deposit of $50, suitable for various trading strategies |
| Islamic Account | Traders seeking swap-free options | Swap-free, spreads from 0.6 pips, high leverage options | Minimum deposit of $50, adheres to Islamic finance principles |
Account Opening Process
To open an account with FXVIEW, prospective traders must follow a straightforward process. Initially, individuals need to provide personal information, which includes their name, address, and contact details. Next, employment and financial information should be submitted to assess trading suitability. After completing this, identity verification is required, which entails submitting a government-issued ID and proof of address. Once the account is verified, clients enjoy flexibility, with the option to upgrade to a professional account later if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | From 0.0 | $2 per 100k | Tight spreads for efficient trading |
| CFDs (Stocks) | Variable | $1 per 100k | Competitive pricing on major stocks |
| CFDs (Indices) | Variable | $1 per 100k | Access to major global indices |
| Cryptocurrencies | Variable | 0.1% | Typically higher volatility |
Other Fees
FXVIEW maintains transparency regarding other fees that may apply to traders. These include potential deposit and withdrawal fees depending on the chosen payment method, inactivity fees for dormant accounts, and overnight interest known as swap rates for positions held overnight. Additionally, currency conversion fees might be applicable when trading in different currencies, ensuring that clients are fully informed of any costs associated with their trading activity.
Trading Platforms and Apps
What Trading Platforms and Apps Does FXVIEW Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, Android, iOS | User-friendly interface, automated trading, advanced charting tools, market search, multiple order types | Demo accounts, VPS |
| MetaTrader 5 (MT5) | Windows, macOS, Android, iOS | Advanced analytical tools, algorithmic trading, direct news streaming, multiple order types, price alerts | Demo accounts, VPS |
| ACT Trader | Windows, macOS, Android, iOS | Customizable interface, one-click trading, risk management tools, market search | Demo accounts, VPS |
FXVIEW provides traders with a variety of platforms to enhance their trading experience. The MT4 platform is particularly noted for its user-friendly design, making it suitable for traders at all levels. MT5 offers enhanced features for those seeking more control and advanced analytical capabilities. The ACT Trader platform allows customization tailored to individual trading styles, along with robust risk management options. All platforms support mobile trading, enabling users to trade on-the-go, while security measures such as encryption and two-factor authentication ensure a safe trading environment. Additionally, FXVIEW provides services like demo accounts and VPS to further support traders in their endeavors.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 2-3 business days | No platform fee | Min $50, Max $20,000 per transaction | USD, ZAR |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $10,000 per transaction | USD, ZAR |
| e-Wallets (e.g., Skrill, Neteller) | Instant | No platform fee, 1.5% charge for withdrawals | Min $50, Max $15,000 per transaction | USD, ZAR |
Minimum Deposit
FXVIEW requires a minimum deposit of $50 to open an account. This requirement is consistent across all account types and payment methods, providing an accessible entry point for traders.
How to Withdraw
To withdraw funds from your FXVIEW account, follow these steps:
- Log in to your FXVIEW account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, adhering to the limits specified.
- Confirm your withdrawal request and review any applicable fees.
- Submit your request and wait for the processing time to complete.
Customer Support
FXVIEW Customer Support Overview
Support Channels
FXVIEW offers multiple contact methods to assist clients effectively. Traders can reach out through:
- Email: Clients can send inquiries to the support team via email for detailed assistance.
- Live Chat: An instant messaging option is available for real-time support on the FXVIEW website.
- Telephone: Customers can contact FXVIEW through designated phone numbers for direct support.
- Social Media: FXVIEW maintains a presence on various social media platforms, allowing users to connect and receive updates.
Service Availability
FXVIEW provides customer support 24 hours a day, five days a week (24/5), ensuring that traders can receive assistance when needed. The support team is multilingual, catering to a diverse clientele with support available in multiple languages.
Frequently Asked Questions
Yes, FXVIEW is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. Client funds are protected through measures such as segregated accounts, which keep client funds separate from the broker’s operational capital, and negative balance protection, ensuring that clients cannot lose more than their investment.
FXVIEW offers a diverse range of trading instruments including over 70 forex pairs (major, minor, and exotic), commodities like gold and oil, major global indices, over 300 international stocks, and various cryptocurrencies. This variety caters to different trading strategies and preferences.
To open an account with FXVIEW, prospective traders must provide personal information such as name, address, and contact details, along with employment and financial information. After this, identity verification is required by submitting a government-issued ID and proof of address. Once verified, clients can start trading and have the option to upgrade to a professional account later.
FXVIEW offers multiple customer support channels including email, live chat for real-time assistance, telephone support, and a presence on various social media platforms. Their support is available 24 hours a day, five days a week, and is multilingual to cater to a diverse clientele.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.