Rana Adnan | May 10, 2022
Table of Contents
Fxview is an online trading broker that is backed by a team with backgrounds in forex, finance, and technology. They are based in Limassol, Cyprus, and offer you a wide range of trading instruments, powerful trading platforms, institutional-grade liquidity and execution speeds, advanced trading tools, and 24/5 customer support.
Broker Pros / Cons
- Regulated brokerage firm
- Multiple intuitive trading platforms
- A range of useful trading tools
- A selection of educational resources
- Multiple trading instruments
- $5 minimum deposit
- Crypto trading and funding
- Free VPS
- No inactivity fee
- Free Deposit and withdrawals
- MT4 & MT5
- Islamic accounts
- No USA clients
- Not the lowest spreads
- Restricted leverage for non-professional clients
Headquartered in Limassol, Cyprus, Fxview is an online trading broker that provides you with the user-friendly MT4 and MT5 platforms for trading a wide range of financial assets, such as forex, commodities, stocks, indices, and cryptocurrencies. You are also provided with a range of useful trading and learning tools and a dedicated customer support team to help you in your trading career with the broker. As a true ECN broker, I’ve found Fxview’s spreads competitive and trading commissions low. In terms of safety, I appreciate that Fxview is regulated and offers negative balance protection.
Fxview.com is owned and operated by Charlgate Ltd, a company authorized and regulated by the Cyprus Securities and Exchange Commission – CySEC (CIF Licence number 367/18). Fxview is registered with the following EU regulators to provide investment services:
- UK Financial Conduct Authority – FCA (Registration number: 850138)
- German Federal Financial Supervisory Authority – BaFin (Registration number: 157125)
- French Autorité de Contrôle Prudentiel et de Résolution – ACPR (Registration number 85051)
- Italian Commissione Nazionale per le Società e la Borsa – CONSOB (Registration number 5151)
- Spanish Comisión Nacional del Mercado de Valores – CNVM (Registration number: 4892)
- Norwegian Finanstilsynet – (Registration number: FT00118545).
I like that Fxview is regulated in multiple jurisdictions as it proves to me that they are a credible broker who I can trust. Fxview’s negative balance protection provides an edge because I know if the market goes against me the position will be closed and I’ll only lose my own investment and not be charged with a negative balance.
Charlgate Ltd does not offer Contracts for Difference to residents of certain jurisdictions, including the USA, Iran, and North Korea. If you are one of these countries, you can find an alternative on our broker comparison tool.
Fxview lets you trade online using the MT4, MT5, and ActTrader platforms on various devices. You can access these trading platforms on web browsers, desktop PC, and on mobile apps which provides ease of access to the trading platforms. These platforms should meet the requirements of many traders. However, if you are good with cTrader and searching for a broker that has the cTrader platform, FXPIG can be a good option for you.
MetaTrader 4 (MT4)
MetaTrader 4 (MT4) is an advanced trading platform that gives you access to a range of tools, including technical analysis, algorithmic trading, and risk management tools. The platform has a user-friendly interface that is suitable for traders of all experience levels. It comes loaded with a range of charting and analytical tools which I feel can enhance your trading experience. MT4 is available on desktop, mobile devices, and on popular web browsers. I find the versatility of the MT4 platform useful as I like to check up on my positions from my personal computer as well as on the go by using the trading app on my mobile phone.
MetaTrader 4 provides you with access to various tools, ranging from technical analysis to algorithmic trading, EAs, and mobile trading. A few of MT4’s salient features are as follows:
- User-friendly interface
- 50+ built-in indicators and tools for technical analysis
- Strategy tester
- MQL4 Editor for developing EAs, scripts, indicators, and other MT4 add-ons
MetaTrader 5 (MT5)
The MetaTrader 5 (MT5) trading platform is an improved version of MT4. It is equipped with advanced charting capabilities, order management tools, and other features, such as technical and fundamental analysis, algorithmic trading, and an inbuilt strategy tester. You can choose the preference to access MT5 on desktop pc, web browser, and mobile devices (iOS, Mac).
MT5 is an enhanced version of its forerunner, MT4. MT5 is meant to provide everything a trader requires, including extensive charting capabilities, complex order management tools, and new features such as:
- Six different pending orders
- 38 technical indicators, 44 analytical objects, 21 timeframes
- The option to open an endless number of charts
- The economic calendar and news feed streamed directly into the platform
- MQL5 programming language for trading robot creators and users
- Improved strategy tester
While MT5 comes with a ton of features, I would prefer MT4 because I find it to be the most user-friendly and stable platform from my experience. Moreover, you will find that many but not all brokers offer MT4, whilst MT5 is harder to come by. Pepperstone is a broker that has both MetaTrader platforms.
This is a feature-rich trading application that has a fully customizable interface and is packed with a selection of trading tools, including one-click trading functionality, multiple graphs and charts, and risk management tools.
The broker makes the ActTrader trading platform available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app for Android and iOS devices. Here are the features of ActTrader:
- Customisable trading interface
- Risk reports, and market watch with live price quotes
- View all risks, simulate positions in your account for a “what if” analysis
- Use the visual strategy editor to construct automatic strategies directly from charts
- Open a new position or close one with a single click
ActTrader is provided as an alternative trading platform by Fxview, but you won’t not find it offered by many brokers. In this case, it could be hassle to switch to another trading platform in the future if you do decide to change brokers. I would prefer MT4 or MT5 over ActTrader because they are industry-standard platforms and have a quick learning curve with simplicity and ease of access.
For social trading, ZuluTrade is one of the oldest and most well-known names. You can communicate with professional traders worldwide and copy their trading activities through a ZuluTrade integration. Copy trading is for those of you who are either new to trading and looking for professional traders to invest with them or those of you who don’t have time to sit in front of the markets to trade. However, I would like to stress the fact that past performances cannot promise a future success and you should do proper due diligence before copying trades.
If you are looking for a social trading platform, AvaTrade is one of the industry leaders in this aspect.
Traders are provided with a variety of standalone trading tools and those built into the provided trading platforms. They include AutoChartist, API Trading, Virtual Private Server, Expert Advisors, Trading Calculators, and Economic Calendar. I feel that these tools are more than what an average trader might require. You will find that modern trading platforms are already packed with more than enough built-in trading tools for most.
Autochartist is a leading chart pattern recognition programme that scans trading instruments and automatically recognises trade set-ups based on support and resistance levels. Hence, you never miss an opportunity again. It is free for all active Fxview clients. Autochartist constantly searches markets on your behalf and can even send out automated signals for you to act upon.
As a trader, I know that trading is a game of probabilities. What if you know of a trading pattern that has a nice strike rate on a certain market on a certain timeframe, and you may set an alert for that chart pattern? Amazing, right? It basically provides you the freedom of not sitting in front of the market and watching every tick to find your winning pattern.
A virtual private server (VPS) allows your trading platform to run 24/7 with minimum down time. It enables you to load your MT4 EAs and bots directly to the server and automate your trading without turning on your PC. You must have an account balance above $5,000 to apply for a free VPS.
The VPS can be a very important trading tool in my opinion. I have my own VPS where I can run my trading platforms with automated strategies (expert advisors or signals) and not need my own computer switched on. I have used VPS services for years to test different automated trading strategies and I would recommend getting one if this is something you plan on doing. You can also get a free VPS from Blueberry Markets.
Fxview provides you with a selection of educational materials, such as Market Analysis, Videos, Webinars, Economic Calendar, Forex Glossary, Press, and an FAQ section that gives instant answers to the most common questions that you may have. I find Fxview’s educational resources somewhat better than the brokers’ I have reviewed in the past. Especially, market analysis that helps you build an investment thesis in conjunction with your own analysis.
The broker offers forex, stocks, cryptocurrencies, commodities, and indices for online trading. However, options, bonds and ETFs are available in Fxview offerings. I actually found the financial instruments to be slightly limited when compared to some of the best brokers.
If you find this product portfolio not sufficient enough, then you may try IG which offers over 17,000 trading instruments. This does not mean Fxview cannot be a good option. In fact, the majority of the retail traders trade only popular forex and stocks instruments that are already present in Fxview’s portfolio.
Fxview allows both beginner and experienced traders to trade all assets from one account — the RAW ECN Account. I like that the broker offers tight spreads starting from 0.0 pips with leverage up to 1:30 for retail clients and 1:500 leverage for those who qualify as professional clients. If you cannot find a suitable account type on Fxview, I would suggest you check FXTM. They have multiple account types with different conditions and features.
There is also the demo account that you may use to test trading conditions and execution speeds with the broker.
In addition, I am happy that Fxview also offers Swap-free Islamic accounts to cater to traders around the world with the Muslim faith and who want to trade without paying or earning interest.
Another thing that I liked about Fxview is that they do not charge an inactivity fee. I have been trading for years and I know that no matter what you need breaks and it will cost you in terms of inactivity fee from the broker if they have any. So finding a broker with no inactivity fee is a pleasure.
The broker offers a multilingual customer support team that is available 24/5 via live chat, telephone, email, and social media. I found online chat to be the first priority when I want to ask a question or have an issue with my account or anything. The customer support representative on live chat will be super-friendly with you and should provide you with satisfactory answers and help you resolve the problem as soon as possible.
The broker accepts multiple funding and withdrawal methods, including Bank transfers, Credit/Debit Cards, cryptocurrencies and E-Wallets, such as Skrill, Neteller, Klarna, and more. I noticed Fxview does not charge any fee for deposits or withdrawals, which is a good thing but quite commonplace nowadays. However, there might be a transaction fee charged by your payment service provider.
Account Opening is easy: all you have to do is to click on the ‘Open Live Account’ tab and fill the form accurately and then hit the Register button. You will then receive an email with your account details and can start the verification process.
What is the Fxview minimum deposit?
The Fxview minimum deposit amount is $5.
How do I deposit money into Fxview?
You can deposit money into your Fxview trading account using wire transfer, credit/debit cards, and online payment processors, such as Skrill, Neteller, and Klarna.
What are Fxview deposit fees?
Fxview do not charge any deposit fees on clients’ accounts. However, some payment methods may charge some transaction processing fees.
How do I withdraw money from Fxview?
You can withdraw funds from your Fxview account through wire transfer, credit/debit cards, and online payment processors, such as Skrill, Neteller, and Klarna.
What are the Fxview withdrawal fees?
Fxview does not charge any withdrawal fees, but you may incur a currency conversion fee if your account is denominated in another currency.
What is the Fxview commission fee?
Fxview charge low commission fees, starting from just $1.
Are there any Fxview inactivity fees?
Fxview do not have inactivity fees, and as such, you will not incur charges when you leave your live trading account dormant for a prolonged period.
What are the Fxview account types?
Fxview provides all clients, including new and experienced clents, with only one live trading account known as the ECN account.
Is there a Fxview demo account?
Yes, Fxview provide clients with a demo account. The demo account option is designed to help new clients get acquainted with the broker’s platform before funding their live trading accounts with real money. It is designed to simulate a real trading environment closely based on the actual market.
What are the Fxview spreads?
Fxview have low ECN floating spreads starting from 0.0 pips.
What is the Fxview leverage?
Fxview has a leverage of up to 1:30 for retail clients and 1:500 leverage for those who qualify as professional clients.
Do Fxview allow hedging, scalping, news trading & automated trading?
Yes, Fxview do not impose any specific restrictions on trading styles. Therefore, all trading strategies and styles are welcome, including automated trading, hedging, and news trading.
Is there a Fxview Islamic account?
Yes, Fxview offers an Islamic swap-free trading account. The Fxview Islamic accounts are swap-free as no interest or rollover fee is charged when positions are kept open overnight.
What are Fxview trading instruments?
Fxview offer the following trading instruments: forex, commodities, indices, and CFDs.
How do I open a Fxview live account?
To open a Fxview live trading account, click on the” Open Live Account” on the homepage of the broker’s website.
How do I verify my Fxview account?
You can verify your Fxview account by providing proof of identification and up-to-date proof of address, no more than six months old.
What is Fxview’s trading platform?
Fxview provides clients with MT4 and MT5 trading platforms. These advanced trading platforms are developed to help clients trade multiple financial instruments with ease. The trading platforms are available on desktop, web, and mobile apps for iOS and Android. In addition, Fxview also offers the intuitive ActTrader trading platform.
Where can I download the Fxview platform?
You can download the Fxview trading platforms directly from the broker’s website or the relevant iOS and Android app stores.
Where is Fxview located?
Fxview is located in Cyprus.
Is Fxview regulated?
Yes, Fxview is authorized and regulated by several strict regulatory authorities, including FCA, BaFin, ACPR, CONSOB, CNVM, and NF.
What countries do Fxview not accept?
Fxview services are not available in countries where the offer of such products is prohibited or restricted by laws.
Is Fxview a scam?
No, Fxview is not a scam. The broker is licensed by various top regulatory authorities in the industry.
How can I contact Fxview support?
You can contact the Fxview support team 24/5 via live chat, telephone, email, and social media.
|Broker Features||AvaTrade||IG||IC Markets|
|Regulated||ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA||FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF||ASIC, CySEC, FSA, SCB|
|Country||Australia, Ireland, South Africa, Japan, British Virgin Islands||Australia, UK, USA, Switzerland, UAE, Singapore, Japan||Australia, Seychelles, Bahamas, Cyprus|
|Min. Deposit||Min $250 Deposit||Min $100 Deposit||Min $200 Deposit|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs||Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile||MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile|
|Type||Market Maker, STP||STP, ECN, DMA||ECN|
|Funding||Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill||Wire Transfer, Credit/Debit Cards, PayPal||Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli|
|Visit Broker||Visit Broker||Visit Broker||Visit Broker|
Fxview is an online trading broker that is based in Cyprus. I like that they offer multiple tradable assets via a range of sophisticated trading platforms whilst providing an array of useful trading tools and some educational materials. It gives me a sense of security knowing that they are regulated in multiple jurisdictions. I would feel comfortable that my funds are safe so that I can focus on my trading.
Fxview operates the ECN/STP execution model which means you will get some of the lowest possible spreads with fast execution speeds for your trades and low latency. With various educational, research tools, and copy trading, I think Fxview can be a good option for beginner traders who are interested in education and some popular trading instruments only.
The main areas of improvement I would like to see are increasing the range of trading instruments that you can trade and some additional account types to facilitate all types of traders.