FXPremax is an online forex broker that strives to deliver an effortless forex trading experience by providing traders with the intuitive MetaTrader 4 trading platform for online trading of multiple financial products, including forex, cryptocurrencies, and CFDs. There are multiple account options with no minimum deposit requirement and maximum leverage capped at 1:1000.
FXPremax Review, Pros & Cons
- MetaTrader 4 trading platforms
- A range of useful trading tools
- A selection of educational materials
- Multiple tradable assets
- Located offshore
- No USA clients
- Not the tightest spreads
- No FIX API connectivity
- No MetaTrader 5 trading platforms
In this detailed FXPremax 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.
Based in Saint Vincent and the Grenadines, FXPremax is an online trading broker with a wealth of experience in the forex/CFD trading industry. They allow clients to trade multiple financial instruments using the sophisticated MT4 trading platform, along with a range of useful trading tools and educational resources.
The broker is registered with the Financial Services Authority of Saint Vincent and the Grenadines with the registration number: SVGFSA 21936IBC2014.
The broker does not offer its services to residents of countries or jurisdictions where the use of such services would be contrary to local laws or regulations. Specifically, they do not accept clients from the United States of America.
Some FXPremax features and products mentioned within this FXPremax review may not be available to traders from certain countries because of legal restrictions.
The broker provides traders with the sophisticated MetaTrader 4 (MT4) trading platform, which is a leading trading platform among forex/CFD traders. MT4 has a user-friendly interface and a myriad of built-in trading tools and features, such as one-click trading, multiple chart types, and support for automated trading through Expert Advisors. The platform is available as an installable desktop application for Windows and Mac computers, a WebTrader that requires no installations, and a mobile app that is designed for smartphone devices running on Android and iOS.
FXPremax Trading Tools
In addition to the tools built into the MT4 trading platform, the broker provides clients with a range of useful standalone trading tools for better trading experience. They include the Economic Calendar, Forex Calculator, Market Analysis, and Copytrading tools.
The broker’s website has a selection of educational resources that help to improve clients’ trading prowess, and they include the ‘Useful Information’ section that contains articles, trading guides, trading academy, tutorial videos, and more.
The broker offers multiple trading instruments across different asset classes, such as forex, cryptocurrencies, and CFDs, for trading online.
FXPremax Accounts & Fees
FXPremax offers multiple account options to suit the individual trading needs of clients. Each of the accounts allows its users to trade multiple assets on the MT4 platform with leverage of up to 1:1000 and competitive spreads, whilst charging zero commission on trades. The account types include Micro STP, Standard STP, Standard Fixed, and ECN Accounts.
As broker fees can vary and change, there may be additional fees that are not listed in this FXPremax review. It is imperative to ensure that you check and understand all of the latest information before you open an FXPremax broker account for online trading.
The broker provides its traders with a client support team that is professional and prompt in response. They can be contacted through telephone, email, webchat, and social media.
FXPremax Deposit & Withdrawal
FXPremax traders can deposit and withdraw funds to and from their trading accounts using any of the following payment methods:
- Bank wire transfer
- Credit/Debit Cards, including Visa, MasterCard, and UnionPay
- Online Payment Processors, such as Skrill, Neteller, FasaPay, and more.
The time taken to process transactions may vary depending on the payment provider or method.
FXPremax Account Opening
Opening a trading account with FXPremax is easy. Simply click on the ‘Open Live Account’ button, complete the displayed form properly, and submit.
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.
FXPremax is a trading broker that is based in Saint Vincent and the Grenadines and offers online trading of multiple financial instruments via the MT4 platform. Traders enjoy access to educational resources, trading tools, and a competent client support team. There are multiple account options to suit the trading needs of clients.
Trading leveraged products can involve a high level of risk to your capital. Forex and CFDs, which are traded on margin, can both bring you benefits and losses. You should not risk more than you can afford to lose. Before you start trading you should ensure that you understand the level of risks involved. Seek independent advice if necessary.