FXTrading.com Overview
According to research in South Africa, FXTrading.com is an Australian company founded in 2009 with headquarters in Sydney, Australia. FXTrading.com is an Australian foreign exchange trading (FOREX) brokerage firm, regulated by: The Australian Securities and Investments Commission (ASIC) and The Vanuatu Financial Services Commission (VFSC)The company originally opened in Australia due to the strong financial, economic, and political landscape, as well as Australia’s highly regulated financial sector and long-term track record.To get more news about fxtrading.com review, you can visit wikifx.com official website.
FXTrading.com does not offer a sign-up bonus. However, traders who register a real account with FXTrading.com are eligible for a 10% deposit bonus which also counts as a welcome bonus.
Traders who deposit between $1,000/R16 000ZAR up to $50,000 are offered a 10% bonus up to a maximum of $5,000/R80 000ZAR. This bonus is paid into the trading account as trading credit and can therefore not be withdrawn.
FXTrading.com charges a minimum deposit amount of $100. This minimum deposit is the average that most brokers charge, The minimum deposit required is equal to R1 600 ZAR at the current exchange rate between the US Dollar and the South African Rand.
The Standard Account is an entry-level account that is offered by FXTrading.com which caters to most traders. This is regardless of whether traders are beginners or more experienced traders who do not yet qualify as professionals.
As a practice account for beginner traders who need to build up trading skills and experience. More experienced traders who wish to test out their strategies in a risk-free environment. As a way for traders to test out FXTrading.com’s offering before registering a live trading account.
Islamic Account
The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive
Despite the popularity of Islamic Accounts amongst brokers, FXTrading.com does not offer this option to Muslim traders. This means that Muslim traders must ensure that they close all open trading positions before the trading day concludes.
Similar to a bank, to register a forex trading account with FXTrading.com for the first time, you will be required to go through a basic “know your customer” process, which will allow FXTrading.com to ascertain that your submitted details and ensure the safety of your funds and account details.
Step 1 – Start the process
In order for the applicant to start the process, they can simply click on the “Open Account” button on the FXTrading.com homepage.
How to open a FXTrading.com account step 1
Step 2 – Complete Registration
The second step in the account registration process is to complete a short and simple registration form with a full name, email, and password. Once the registration form has been completed, the applicant can accept the privacy policy and click “Continue”.
Step 3 – Download Platform
The third step in the account registration process is to download the trading platform and fill in the login details received in order to start trading