Written by
Robert J. Williams
Fact checked by
Beatrice Quinn
Robert J. Williams
Fact checked by
Beatrice Quinn
Fx Trading: Is This Broker Worth The Effort for Advanced Traders?
3/10
(Expert Score)
Product is rated as
#105
Fx Trading Overviews
Curious about FX Trading? This Fx Trading Review takes a deep dive into FXT—a global forex & CFD broker regulated by the VFSC and serving users in 100+ countries. With a low $50 deposit, support for MT4/MT5, and over 1,000 tradable assets, it offers flexible solutions for beginners and expert traders alike.
| OverView | |
|---|---|
| Broker Name: | Fx Trading |
| Year of Establishment: | 2014 |
| Headquarters Location | PO Box 1276 Kumul Highway, 1st Floor, Govant Building, Port Vila, Vanuatu |
| Regulations and Licensing: | Regulated by the Vanuatu Financial Services Commission (VFSC) under Company Number 40256 |
| Supported Countries | 100+ |
| Trading Platforms | |
|---|---|
| Types of Trading Platforms: | FXT App, FXT WebTrader, MT4/MT5, FXT Copy |
| Mobile App Availability: | Yes - FXT App |
| Accounts Features | |
|---|---|
| Types of Accounts: | Standard Account, Pro Account |
| Minimum Deposit: | $50 (Standard), $50 (Pro) |
| Maximum Leverage: | |
| Negative Balance Protection: | |
| Costs | |
|---|---|
| Average Spread: | Variable from 1.0 pip (Standard), Spreads from 0.0 pips (Pro) |
| Commission Rates: | $0 (Standard), $2 per lot per side (Pro) |
| Trading Instruments | |
|---|---|
| Available Assets: | 1,000+ CFDs products |
| Deposit/Withdrawal | |
|---|---|
| Deposit/Withdrawal Methods: | - |
| Deposit/Withdrawal Fees: | - |
| Customer Support | |
|---|---|
| Support Channels: | - |
| Customer Support Hours: | - |
Pros and Cons
PROS
- Supports MT4 and MT5 with institutional-grade liquidity.
- Offers 1,000+ CFDs across forex, stocks, crypto, and more.
- Copy trading with FXT CopyPro for passive traders.
- Mobile-friendly via the FXT App with secure encryption.
- Competitive pricing with spreads from 0.0 pips (Pro account).
CONS
- Offshore regulation under VFSC, not Tier-1.
- No Islamic, joint, or corporate accounts.
- Key metrics like leverage and margin levels not disclosed.
- No 2FA or advanced security layers noted.
- Customer support details and hours not listed.
FAQs
Is Fx Trading a scam or a legit broker?
Fx Trading is a legitimate broker regulated by the VFSC. However, it does not hold Tier-1 regulation such as FCA or ASIC, making it riskier compared to top-tier brokers.
How does Fx Trading compare to OspreyFX or EagleFX?
While EagleFX and OspreyFX offer advantages in crypto leverage, Fx Trading provides more trading tools, institutional-grade spreads, and a Pro account with raw pricing. Its FXT Copy feature also offers social trading similar to OspreyFX.
Can I use Fx Trading with MT4 or MT5?
Yes, Fx Trading fully supports MetaTrader 4 and MetaTrader 5 with EA automation, algorithmic trading, and advanced charting capabilities.
Is Fx Trading compatible with forex trading robots like Forex Fury or Galileo FX?
Yes, Fx Trading’s MT4/MT5 infrastructure supports automated strategies and Expert Advisors, including robots such as GPS Forex Robot, Forex Fury, or Galileo FX.
What is the minimum deposit to open an account with Fx Trading?
The minimum deposit for both Standard and Pro accounts is $50, offering a low entry barrier compared to many brokers.
Does Fx Trading offer copy trading or autopilot features?
Yes, Fx Trading provides the FXT CopyPro platform, allowing users to follow and replicate top traders automatically.
Are there any no-deposit bonuses or promotions?
Fx Trading does not offer no-deposit bonuses, but it runs promotional programs such as the New Trader Programme and Frequent Trading Bonus for active users.
What types of trading accounts does Fx Trading offer?
Fx Trading offers two account types: Standard (zero commission, spreads from 1.0 pip) and Pro ($2 per side per lot commission, raw spreads from 0.0 pips). Islamic or joint accounts are not available.
How secure is Fx Trading for storing funds?
Fx Trading uses transaction encryption, but does not mention Two-Factor Authentication (2FA) or advanced account protection features, which may concern cautious traders.
How does Fx Trading compare with brokers like FXPro or EnviFX?
Fx Trading performs well in platform quality and trading tools, rivaling those mentioned in typical FXPro or EnviFX reviews. However, its VFSC regulation may be a disadvantage for users who prefer Tier-1 regulatory oversight.
About Author
Robert J. Williams
Robert J. Williams, a finance graduate from the London School of Economics, dove into finance clubs during her studies, honing her skills in portfolio management and risk analysis. With a career spanning prestigious firms like Barclays and HSBC, she's become an authority in asset allocation and investment strategy, known for her insightful reports.
Fx Trading: Is This Broker Worth The Effort for Advanced Traders?
