Richard Montana | May 24, 2022
FXTRADING.com is an established and regulated Australian based forex and CFD brokerage firm that provides traders with faster and easier access to the financial markets via powerful yet user-friendly trading platforms including MetaTrader and IRESS. The brokerage offers online trading on hundreds of trading instruments across multiple asset classes including forex, commodities, indices and cryptocurrencies. Traders can benefit from competitive trading conditions including tight spreads, low fees, rapid trade execution speeds, tier-1 liquidity, leverage up to 1:500, various account funding options, dedicated 24/5 customer support and much more. I like that they provide access to Autochartist as I find it an excellent tool for market analysis. You can copy signals from other traders and there are managed accounts for investors and money managers. For beginners, there is plenty of educational content including guides and videos. You can also create a free demo account if you want to practice trading without any risk. I think that the broker has more than enough to meet the demands of both retail and institutional traders alike.
Pros / Cons
- Regulated brokerage firm
- Powerful yet user-friendly trading platforms
- Thousands of trading instruments to choose from
- Tight spreads, low fees & rapid trade execution speeds
- Various account funding methods
- No deposit & withdrawal fees
- Copy trading service
- MAM/PAMM accounts are available
- FIX API trading available
- Autochartist for professional market analysis
- Large selection of educational resources to help beginners
- No minimum deposit required to start trading
- Excellent 24/5 customer support
- Demo accounts expire after 30 days
- No Islamic accounts for Muslim traders
- No clients allowed from some countries including the USA
FXTRADING.com was established in 2014 as Rubix FX but rebranded to FXTRADING.com in January 2020. It is owned by an Australian company, Gleneagles Securities Pty Limited. The company is a multi-asset class online brokerage, established by a group of professionals with extensive financial market experience. These professionals bring valuable experience in risk management, compliance, technology and service. The core values of the broker are integrity, transparency, diligence and innovation. I feel like they go above and beyond to achieve this in an abundance.
You get access to world class trading platforms with MetaTrader 4 (MT4), MetaTrader 5 (MT5), IRESS ViewPoint and IRESS Mobile, with advanced VPS solutions for EAs, scalpers and auto-trading. They offer online trading on an impressive range of over 10,000 trading instruments with over 20+ convenient funding options to choose from and flexible leverage up to 1:500.
In line with its objectives of providing traders around the globe with quick and easy access to the markets, the broker gives you competitive trading conditions including tight spreads from just 0.0 pips and reliable trade execution speeds. This is as a result of its status as an ECN broker and partnerships with top liquidity providers (LP’s), which helps to ensure that trades get executed at the best available prices with minimal delay. I have always found ECN brokers to have the best trading conditions due to the vast amount of liuqidity they have access to. I would compare them to IC Markets in this aspect.
Market Liquidity is a major factor to trading costs, which can make a significant impact on trading performance. As a prime broker, FXTRADING.com are capable of keeping your trading costs low with tight spreads and deep liquidities. They also operate with
I can trade with confidence knowing that the broker is regulated in multiple jurisdictions. This includes what I would consider to be top-tier regulators and therefore, I wouldn’t personally have any issue trusting them. Regulation can give investors protection and helps to ensure that they must operate in an honest and transparent manner with client’s best interests in mind.
Gleneagle Securities (Aust) Pty Limited, ABN 58 136 930 526, trading as FXTRADING.com is authorized and regulated by Australian Securities and Investments Commissions (ASIC) to operate a financial services business in Australia under its Australian Financial Service License (AFSL No. 337985). ASIC regulations mandate that brokers under them must have a minimum operational capital of Australian dollars 1,000,000, submit to external auditing and provide their clients with negative balance protection. Gleneagle Securities Pty Ltd, trading as FXTRADING.com is authorized and regulated by Vanuatu Financial Services Commission (VFSC) with Company No. 40256 to operate a financial services business. Whilst Vanuatu may not be considered by some as reliable as ASIC, it does mean that traders under this entity can get access to certain product and features.
According to the broker, the safety of customers’ deposits is a priority. These deposits are kept in a separate trust account with a top tier 1 bank in Australia so that broker should not use these funds for its own internal operations. It is quite common nowadays to see a broker hold funds in segregated account as it is a regulatory requirement by some regulators.
Clients from United States, Ontario Province inside Canada, North Korea, Iran, Japan, and New Zealand, are not accepted by the broker. If you are from a country they do not serve, please feel free to browse our broker ratings for an alternative option.
You can get convenient access to trade financial markets via the popular MetaTrader platforms which are used by millions of forex and CFD traders across the globe. They also provide you with the sophisticated IRESS platform. Both platforms are free and available for desktop, web and mobile devices. I have used all of them and find them equally as good for chart analysis and trade management.
MetaTrader 4 Desktop Trading Platform
FXTRADING.com give clients the opportunity to use the widely accepted trading platform, MetaTrader 4. The platform is replete with tools for trading and market analysis. Thousands of additional trading tools have already been built for MT4 and more are still in development. The charting package consists of bar, line and candlestick charts that can be displayed on 9 timeframes ranging from one minute to one month. MT4 comes preloaded with 30 technical indicators and 24 analytical tools. Multiple order types can be used to place orders including 4 pending order types and risk management tools such as stop loss and take profit. At all times, live trades can be monitored, order history is also available. It supports the automation of trading through Expert Advisors (EAs) and also supports one-click trading. There is a strategy tester to test EAs over historical data.
Some of the key features of the MT4 platform include:
- Easy and fast to use
- 1 click trading
- 1 single login access to multiple platforms
- Extensive array of indicators and charting tools
- Multiple account currencies available
- Test your trading ideas with MT4’s Strategy Tester
- Highly configurable
- Use Experts Advisors (EAs) to automate your trading
The MT4 desktop version is downloadable for Windows and MAC OS computers. The MT4 WebTrader is accessible via a link from the brokers website. WebTrader runs on web browsers and does not require any downloads or installations. I like this version of the platform as you can access your account from any device and it is always up to date. However, it has some limitations such as it does not support automated trading like the desktop platform does. As a big fan of expert advisors, I need to use the desktop platform as it is the only version that supports them.
MetaTrader 4 Mobile Trading Platform
The mobile version of the MT4 trading platform can be downloaded on Android and iOS devices. It supports trading on the go and integrates accounts created on the desktop versions. It displays the live quotes of all the tradable assets including their charts in real time. From the mobile app, clients can analyse the charts in up to 9 timeframe and also using 30 inbuilt technical indicators as well as drawing tools. Multiple order types, pending orders and risk and order management tools are all available on the mobile trading apps. I am a big fan of the app as it lets me quickly and easily check my positions from anywhere at any time. It doesn’t matter if I am sat on the sofa, lying in bed or out and about, I can have the markets with me in my pocket at all times.
MetaTrader 4 Multi-Terminal
The broker has the MT4 Multi-Terminal which is great for fund managers or traders with multiple accounts. All the popular features of the MetaTrader 4 platform are available but its major difference is the ability to handle different accounts at the same time. Order volumes are easily distributed among several accounts with the MetaTrader 4 Multi-Terminal ensuring that each account has the right pre-defined parameters. This terminal requires a minimum of three accounts with a total deposit of at least $10,000. It is good that the broker has this available as it is not something that I see many brokers incorporate. FBS are one of the other brokers I have reviewed who do.
MetaTrader 5 Desktop Trading Platform
MT5 (MetaTrader 5) is the follow up platform released by MetaQuotes, the global company that revolutionised automated trading for retail traders with the MetaTrader platforms. MT5 is a true multi-asset trading platform which can provide access to forex, cryptocurrencies, indices and commodity CFDs. Whilst MT5 has kept much of the same functionality and features of MT4, it also brings a host of new benefits for traders. 38 technical indicators and 31 analytical tools are now bundled as standard, along with the option of hiring, purchasing or creating your own indicators and EA’s (expert advisors). And with MT5 being a true 64-bit, multi-threaded program, it runs faster and more efficiently than MT4.
Some of the key features of the MT5 platform include:
- Trade directly from the charts
- Includes 38 technical indicators and 31 charting tools
- Trade from 21 timeframes, from the minute through to monthly charts
- One-click trading, market-depth and live tick chart
- Open up to 100 charts simultaneously
- Hire, purchase or program your own indicators and EA’s (expert advisors)
- Design and test your strategies with the inbuilt Strategy Tester module
- Multi-asset platform includes live market pricing for forex, commodity, crypto and index CFDs
MT5 is available for desktop, web and mobile devices running on iOS and Android. You can download it free of charge directly from the brokers website and relevant app stores. I actually think that MT4 should be more than adequate to meet the needs of most traders but it is great to have both MetaTrader platforms available. I would say MT4 is suitable for forex trading and MT5 better for trading stocks. Either way, I don’t think you can go wrong with both platform and you will find them provided by most brokers which makes it easier to switch providers at a later date. Axiory also have both platforms and similar trading conditions.
IRESS ViewPoint is a true multi-asset trading platform with investors and speculators in mind. Providing a global reach to equity markets via pure DMA (Direct Market Access), you can enjoy a fully customisable interface with rich graphics. ViewPoint can be easily configured to meet each user’s specific trading and market data needs without the hassle of managing multiple software programs. Compatible with Microsoft Windows and Apple OSX, IRESS ViewPoint allows you to easily access over 10,000 shares via a fast execution brokerage.
This is a professional platform that I would say is more suited towards those who are day trading full-time. If you are more of a casual trader, I feel MT4/MT5 will be easier to understand. You should also consider that IRESS is not available through many brokers so it would limit your options if you wanted to switch brokers at a later date but still use the same platform. Otherwise, you would need to learn a new platform from scratch. Another top broker that provides IRESS is FP Markets if this is a platform you like the sound of.
Some of the key features of the IRESS ViewPoint platform include:
- Over 50 analytical charting tools and 59 technical indicators
- Compatible with Windows 7 and above and Mac OSX
- Highly configurable charts with rich graphics
- Optional market depth feature
- Advanced order management for complex strategies
- Create multiple watchlists and view in-depth information
- Realtime news with search criteria and custom filter functions
IRESS ViewPoint Mobile
There is also a mobile version of the IRESS ViewPoint platform which brings the power and diversity of IRESS ViewPoint to your phone or tablet device. Fully compatible across Android and Apple devices, you can download IRESS directly from the Google Play or the App Store. With DMA (Direct Market Access) to over 10,000 global shares, you can monitor your portfolio or initiate new trades on the go and never miss an opportunity. I found the app very user-friendly and had no issues browsing the markets and placing trades via its modern interface.
The platforms you get access to are packed with an abundance of built-in trading tools for assisting you with your daily trading activities. That being said, the broker also gives you access to some additional tools which can help enhance your overall trading experience even further. There are tools for market analysis and copy trading along with FIX API solutions and a handy VPS.
Multi Account Manager (MAM)
The Multi Account Manager (MAM) software allows fund managers and institutional traders to manage multiple accounts on FXTRADING.com. MAM helps traders execute trades of multiple accounts on the MetaTrader Multi-Terminal at the same time based on pre-defined allocation settings. Using MAM allows a trader to optimize use of the Multi-Terminal platform as it comes with more advanced analytical tools and allocation parameters.
Percentage Allocation Management Module (PAMM)
The broker has a powerful PAMM system that allows clients invest their funds with other traders and fund managers on the broker. The software provides data analysis of various fund managers on the program. Clients can check their performance and use the listed criteria to choose their fund manager. They can also follow the performance of their funds using the PAMM analytical tools. Funds can also be invested with multiple fund managers. It should be strongly emphasised that there are no guarantees on the performance of managed accounts and you should have a clear understanding of all the significant risks involved with trading online.
Features of the MAM/PAMM include:
- Manage a pool of money from a single, master account
- Eliminates the need to create an investment fund
- Investor’s funds stay within their original trading account
- Trade discretionally or use EA’s (Expert Advisors)
- Seamlessly manage multiple accounts with MetaQuotes MultiTerminal software
- Flexible trade allocation parameters, including lot, percentage and proportional methods
FIX API Trading
The Prime service provides wholesale and institutional clients with cost-effective, low-latency trading conditions and access to institutional liquidity from over 25 top-tier banks and ECN liquidity providers. This effectively provides an institutional feed directly to the brokers deep pool liquidity providers. The API (Application Programming Interface) connects two software applications, allowing sophisticated traders to integrate bespoke trading platforms with deep liquidity pools via the FXTRADING.com Prime service.
Some of the key features of the API trading service include:
- Cost-effective, fully customisable prime brokerage solutions
- Access to an institutional, low-latency, regulated trading environment
- Competitive pricing with a direct connection to top-tier liquidity providers
- Pure DMA (direct market access) with no mark-up on spreads
- Gain institutional-grade prices for forex, stocks, indices, commodities and cryptocurrency CFDs
Trade Copier System
The trade copier system is an advanced trade copying platform allowing novice and experienced traders to work together, whereas novice traders are able to automatically copy pros trading in real-time. This allows fund managers and top-performing traders to be compensated while followers copy their trades. Whilst the multi account manager (MAM) platform is available, the threshold for a MAM account may not be suitable for all fund sizes. However, the trade copier platform has greatly reduced the financial entry barriers for aspiring fund managers and top-performing traders.
Some of the key features of the trade copying platform include:
- Intuitive yet advanced interface and Dashboard
- Instant access to top performing traders
- Flexible risk tolerance settings for trade followers
- Risk calculated compensation mechanisms available for signal providers
- Smart and transparent trading environment for both signal providers and followers
MT4 VPS Hosting
A Forex VPS can run your trading platform remotely 24/7. This means that you do not need your computer switched on all of the time and can be especially useful for those who need to run automated trading systems around the clock and those who have a poor internet connection. The broker gives you the option of a Free Forex VPS if your account maintains a minimum balance of USD $5,000, or equivalent in another currency and you trade at least 10 standard lots per month. I use my own VPS from a third-party provider and find it to be ideal for running multiple instances of the MT4 platform so that I can test my expert advisors and see how they perform on different brokers. You can also get a free VPS from Blueberry Markets.
Some of the key features of the Forex VPS include:
- Let your EAs trade around the clock
- Compatible across multiple devices
- Seamless and fast trade execution times with server co-location
- Instant access to trade global markets, from anywhere
- Enhanced security features with advanced monitoring capabilities
Clients are offered a real-time trading pattern recognition tool, to help them best utilize potential trading opportunities and make well-informed trading decisions. Autochartist is a software platform available on MT4/MT4 PC (Windows only), used by traders to locate technical analysis patterns such as Head and shoulders, Double tops, Double bottoms, Cup and handle, Wedges, Triangles and Fibonacci retracements. Autochartist scans patterns 24 hours per day, and trading alerts are available to traders in real-time. You can also benefit by using supplementary Autochartist functions such as Volatility Analysis, Risk Calculator and Correlation Alerts.
I think this is an excellent tool and really like how it can scan markets automatically for customised trading signals. It saves me from needing to gaze at charts all day long. This is the type of software I have seen cost thousands elsewhere, so it is great that the broker gives it to you for free. Tickmill is another broker who provide this industry leading market analysis software.
Some of the key features of Autochartist include:
- Automated technical pattern recognition in real-time
- A wide range of performance statistics for traders` review
- Volatility analytical tool available in real-time
- Risk calculator serving as a user-friendly risk-management system
- Real-time trading alerts available via email and mobile app
FXTRADING.com offers an extensive and resourceful range of multilingual educational content on its website. In-depth educational materials are available with eBooks and videos for both novice and experienced traders. These cover a variety of topics and can be useful to traders of all experience levels.
They also offer up-to-date market outlooks from the brokers expert team of market analysis. These can be used to help inspire potential trading ideas and to keep track of the latest market happenings. If you are a beginner and want even more educational content, Admirals have plenty for you to peruse.
The broker gives you access to a wide range of markets, with something for everyone to trade. You can build your portfolio with access to thousands of instruments across the globe. There are currency pairs, commodities, indices and cryptocurrencies available to trade on the brokers platforms.
You will find currency pairs from tier-1 liquidity providers with a strong policy to provide no-requotes or rejections since inception. You can choose to trade FX majors, FX crosses and exotics, with leverage and enjoy lightning-fast execution from tier-1 liquidity providers.
You can trade a variety of popular commodities with leverage, including metals, energies, cotton, coffee, orange juice, sugar and others which are all available on the brokers leading trading platform. Traders can diversify their portfolio and hedge risks with the wide variety of products available.
The broker provides access to global stock market indices from North America, Europe and Asia. A popular choice for traders of all timeframes and styles, index CFDs trade close to 24 hours a day, 5 days a week. Clients can trade a variety of popular indices with leverage, including the S&P 500, Nasdaq 100, Hang Seng, Nikkei 225 and many others, all of which are available on the brokers leading trading platform.
The broker offers spot metal CFDs including gold and silver denominated in US Dollars with competitive spreads, low margin requirements and fast execution. Traders can speculate on metals such as gold, silver and copper. Live market prices are available nearly 24 hours a day, 5 days a week, across all devices with the brokers platform.
Over 10,000 share CFDs from 14 countries, covering all major and emerging stock markets are offered on an institutional trading platform (IRESS) at FXTRADING.com. Clients can trade long and short in bullish or bearish markets. You can diversify your portfolio or hedge physical shares and ETFs.
A Contract for Difference (CFD) mimics the price of an underlying share price. As CFDs are a form of derivative, the CFD trader doesn’t own the physical shares but can receive dividends cash adjustments. Share CFDs allow traders to participate on the stock market at a fraction of the cost of physical shares, due to our low margin requirements.
Traders can try to capture the significant price volatility or hedge their portfolio exposures through trading energy CFDs. You can trade WTI and Brent crude oil CFDs with fast execution and tight spreads via a globally regulated broker.
The broker offers Crypto CFD trading with leverage on popular cryptocurrencies such as Bitcoin and Ethereum. There is no requirement for a digital wallet as they can be traded directly on the brokers platform. I like this feature as it removes some of the complications that some users may feel comes with creating and maintaining a digital wallet.
The broker gives you the option to choose from two types of trading accounts, Alpha and Standard accounts that are tailored to meet the needs of clients with different level of trading experiences. There is no minimum deposit and flexible leverage of up to 1:500 is available. If you have the experience and want more leverage, InstaForex go up to 1:1000. Just make sure that you know what you are doing and the risks involved.
Alpha Accounts offer raw spreads from 0.0 pips and charge a commission fee of $2 AUD per lot / per side. There is no minimum deposit for this account type. This is the option I would go for because it has the lowest spreads which is important for my scalping strategies. The commission fee is also very low which is great. I feel you can save a lot in trading costs over the long term with this account type. I would compare it to the XM Group raw spread account.
The minimum spread on this account is 1 pip while no trading commission is charged. The standard account also requires no minimum deposit. If you are not too fussed about low spreads, this account should do the job. There is no commission fee because it is included within the spread which is marked-up to cover costs.
Free demo accounts are available so that you can practice trading online using virtual funds. Demo accounts can be a great way to master your trading strategies and skills whilst also allowing you to try out the MT4, MT5 and IRESS platforms. It should be noted that the demo accounts are restricted to just 30 days. This is slightly disappointing as many brokers have non-expiring demo accounts. I don’t think 30 days is enough time to learn how to trade. Nevertheless, you can always open another demo account as and when needed.
Anyone who needs to make enquiries about any aspect of the brokers services can contact the client support desk on phone, email, live web chat and Facebook messenger. They respond to inquiries in both English and Chinese and are available 24 hours daily on weekdays. FXTRADING.com has an office in Sydney, Australia where you can physically meet service client support staff and make your queries known. You can as well send a paper mail to their address. The broker is also on the following social media channels; Facebook, Twitter, YouTube and Instagram. I have always found the support to be excellent, with very prompt and helpful responses to all my questions over the years.
The broker offers over 20 flexible free and instant funding options in a good choice of 7 different base currencies. This is great because you can save on conversion fees if using an account in your own currency. You can choose the payment method that works best for you. For me, I like the digital wallet options as I find they can give me quick access to my trading funds which is important in case there is some market news that I need to try and capitalise on before it’s too late. In this instance, I wouldn’t want to be waiting around for days whilst a bank transfer clears.
Bank Wire Transfer
Clients who do not reside in Australia can deposit and withdraw funds through international bank wire transfers. The minimum deposit with this method is $200 or its equivalent while a minimum of 50 Euros or its equivalent is required for withdrawals. The processing of funds takes 2-5 business days and AUD 15 transfer fee is charged.
Local Bank Transfer
Australian residents can make use of local banks to fund and withdraw from their accounts. The minimum deposit is AUD 200 and the processing time for deposits is 1-2 business days. The minimum withdrawal amount is AU$50 and the processing time is 2-5 days. There are no extra fees for local bank transfer.
The broker allows the use of Visa and MasterCard for payment. Minimum deposit and withdrawal is $5 or its equivalent in Euros, pounds or Australian dollars. Payments are processed within a day. There are no extra fees.
Electronic payment options include PayPal and Neteller for both deposits and withdrawals, POLi internet banking solution is available for deposits. Minimum deposits and withdrawals is $5 or its equivalent. Payments are processed within a day.
To start trading online with FXTRADING.com, you can click on the ‘Open Account’ tab on the brokers website. You will then be presented with a short application form to fill out. You will need to provide some personal information and complete a questionnaire to ensure that you are suitable for the brokers products and services.
Afterwards you will be taken to a page where you have the legal documents and then to the verification page where you have to upload details of your personal identity and proof of residence. Once this is completed you can start trading online through the provided platforms.
Overall, FXTrading is a well-established and regulated online brokerage that offers a very diverse range of products and services that caters to the different needs of traders. They provide you with industry leading trading platforms that are user-friendly enough for beginners whilst implementing a vast range of trading tools to satisfy the needs of even the most demanding traders. In addition to sophisticated trading platforms, clients can benefit from competitive trading conditions such as low spreads from 0 pips, low commission fees, leverage of up to 1:500, various deposit/withdrawal methods, educational resources, copy trading, FIX API, 24/5 support and much more. I like how they are regulated as it means that I can focus on my trading without worrying about safety of my funds. I think they can be a suitable broker for retail and institutional traders who are looking for plenty of liquidity and some of the best prices on the market at all times.