Operating from Dublin, Ireland, FXBrew is an online trading broker that provides traders with a range of sophisticated trading platforms to enable them to trade several asset classes, such as forex, commodities, indices, and cryptocurrency. The broker strives to create a solution that can help its traders enhance their experience. There are multiple trading account types with the minimum required deposits starting from just $5.
FXBrew Review, Pros & Cons
- Multiple trading instruments
- Sophisticated trading platforms
- A range of trading tools & learning materials
- Offshore regulation
- Limited account funding options
- No live chat support
- No USA clients
In this detailed FXBrew review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
FXBrew is a forex and CFD broker that is built on the mantra of simplicity, transparency, and versatility, offering traders easy access to trade multiple financial markets using the MT4 and MT5 trading platforms. Traders can benefit from a selection of educational resources, trading tools, and a client support team. They try to ensure the security of clients’ funds by storing them in segregated accounts whilst offering negative balance protection to clients.
FXBrew is registered with the Financial Services Authority of Saint Vincent and the Grenadines.
The broker accepts clients from different parts of the world provided their respective country of residence permits online trading with international brokers.
Some FXBrew features and products mentioned within this FXBrew review may not be available to traders from certain countries because of legal restrictions.
The broker provides traders with the MT4 and MT5 trading platforms, which were developed by the Russian software company, MetaQuotes. The MT4 trading platform is widely used globally due to its simple interface, security, customization ability, reliability, and feature-rich environment that makes trading a lot easier. MT5 has the same features as the MT4 platform but with extended capabilities, such as over 9 chart types, 21 timeframes, and multiple drawing tools. The MT4 and MT5 trading platforms are available in desktop, web, and mobile versions.
FXBrew Trading Tools
Traders are provided with a range of useful trading tools that are geared towards ensuring a hitch-free trading process, and they include Economic Calendar, VPS, Forex Calculators, and more.
The broker’s website contains some educational resources, including trading articles and the FXBrew News, which keeps traders updated on the latest happenings in the financial markets.
The broker offers the following trading instruments: forex, commodities, indices, and cryptocurrency.
FXBrew Accounts & Fees
The broker offers multiple account options to meet the trading needs of all traders, and they include Micro ($5), ECN ($100), and VIP ($5,000) Accounts. The accounts are denominated in USD, GBP, EUR, and BTC with spreads from 0.2 pips and leverage of up to 1:500.
As broker fees can vary and change, there may be additional fees that are not listed in this FXBrew review. It is imperative to ensure that you check and understand all of the latest information before you open an FXBrew broker account for online trading.
FXBrew provides traders with a customer support system that can be contacted through email, social media, or by filling the inquiry form on the broker’s website.
FXBrew Deposit & Withdrawal
Deposits and withdrawals at FXBrew are processed using either bank wire transfers or bitcoin.
FXBrew Account Opening
To open an account, click on the ‘Register’ button on the homepage of the broker’s website and fill in the registration form.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
FXBrew is an online financial services provider that provides traders with an online trading environment and resources for trading of a wide variety of financial markets. There are multiple account options with a required minimum deposit of $5, spreads from 0.2 pips, and leverage of up to 1:500.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Increasing leverage increases risk. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.