Fxview ReviewCategory: Reviews | Author: Trading Brokers | Date: November 16, 2022
Fxview is an online broker that enables you to trade CFDs on a wide range of financial instruments including forex, indices, stocks, cryptos and commodities. You can access the markets via a good selection of easy to use trading platforms for desktop, web and mobile devices. This offers easier market access from anywhere and any device. The broker also provides you with some advanced trading tools that can help you identify any potentially suitable trading opportunities according to your own trading strategies and financial objectives. I found them to have very competitive trading conditions including fast execution speeds and relatively tight spreads. This is all back by an efficient 24/5 customer support team on hand to assist you as and when needed. Opening an account takes less than 5 minutes if you want to give them a try. The minimum deposit is $200 for EU clients and $50 for global users or you can open a demo account to sharpen your skills before making a commitment.
Pros & Cons
- Wide range of 500+ trading instruments
- User-friendly yet powerful trading platforms
- Copy trading via ZuluTrade
- A generous selection of free educational resources
- Good variety of free deposit and withdrawal methods
- Trader's Tool Box is packed with some great tools
- API connectivity for institutional trading
- Free VPS for eligible clients
- No inactivity fees
- Islamic accounts for Muslim traders
- Excellent 24/5 customer support
- Cannot accept traders from some countries
- Restricted leverage for non-professional EU clients
- No cTrader platforms
Headquartered in Cyprus, Fxview provides you with the user-friendly MetaTrader and ActTrader platforms for trading CFDs on a wide range of financial assets. You can also take advantage of a good range of useful trading tools to increase your potential and ensure that you are making informed decisions. Beginners will be pleased to see lots of free educational content and demo accounts. There is also a dedicated customer support team who can help you in your trading journey. They have backgrounds in forex, finance, and technology, so they can address a wide range of questions. In terms of safety, Fxview is regulated, it keeps its clients’ funds separated from its own and offers negative balance protection to its retail clients.
Fxview operate as an electronic communication network (ECN) broker with institutional-grade liquidity. An ECN is a computerized system that automatically matches buy and sell orders for securities in the market. This effectively means that you can get your trades sent directly to the market without any dealing desk intervention. I much prefer this brokerage model over a market maker. It allows you to enter and exit positions at the best possible prices from the liquidity providers with minimal slippage. The ECN setup can keep spreads low and allow for rapid execution speeds. The broker also has very competitive fees to ensure a good trading environment for retail and institutional traders alike.
I was pleased to see that Fxview is registered with multiple European regulators. This gives me confidence that they can be trusted and should operate in an honest and transparent manner. I would always prefer to trade with a regulated brokerage firm as they can give some protection that an unregulated broker cannot in the event something was to go wrong. They must uphold the highest standards of regulation and compliance, being regulated and registered globally.
Fxview operates global trading brands in jurisdictions such as St. Vincent & the Grenadines. Fxview.com is owned and operated by Charlgate Ltd, a company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and has more than the 30 registrations all over the world.
Fxview does not offer any services to residents of certain jurisdictions, including the USA, Iran, and North Korea, Crimea, Cuba, Cyprus, India, Sudan, South Sudan, Syria, UK, Lebanon, Belarus, Afghanistan, Congo, and Democratic Republic of Congo. If you find that your country is not accepted, you can search for an alternative option using our handy broker comparison tool.
Fxview offers multiple platforms to ensure that every trader can trade on their platform of choice, tailored to their specific preferences, providing a more personalized experience. You can choose from a great choice of versatile and user-friendly platforms in MetaTrader and ActTrader. I like how you can explore the markets via the desktop platform, directly in your web browser and on your mobile phone using the trading apps. The platforms are very flexible which provides quick and easy access to your account as and when required. I think these platforms can attract a lot of traders’ types by, being user-friendly enough for those who don’t have any trading experience and at the same time they have enough functionality to meet the demands of professional traders.
I personally prefer MetaTrader 4 as it was the first platform that I became accustomed with and have never felt then need to switch to anything else. It can do everything that I need it to and much more. The broker has a demo account option on all platforms so maybe you can give them all a test run to see which you find most comfortable. There is a comparison table on the brokers website that gives you a good overview of the platforms which can also help you with your decision.
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 the MT4 platform key features are as follows:
- Fully customisable & user-friendly interface
- 50+ built-in indicators and tools for technical analysis
- Drawing tools for marking key price levels
- Support for instant, pending & limit orders
- Set stop loss & take profit levels
- One-click trading directly from your charts
- Automated trading with expert advisors (EAs)
- Strategy tester to back test EAs on historical data
- MQL4 Editor for developing EAs, scripts & indicators
- MQL marketplace where you can get more free/paid add-ons
- Get price alert notifications to keep track of the market
- Easy market access on web & mobile
MetaTrader 5 (MT5)
MetaTrader 5 (MT5) is an improved version of MT4 but still maintains the same overall look and feel. It comes equipped with advanced charting capabilities, order management tools, and other important features to ensure you can conduct professional technical and fundamental analysis of all markets. It also supports a more advanced form of algorithmic trading, with an inbuilt multi-currency strategy tester that incorporates historical tick data for accurate testing. If you learn how to use either MT4 or MT5, I don’t think you will have a problem using both platforms. You will also find most brokers provide these platforms which makes life easier if you decide to switch brokers down the line. I would say MT4 is sufficient if you just want to trade forex, but you may want to edge more towards MT5 if you are stock trading.
Some of the additional MT5 features are as follows:
- 21 timeframes compared to 9 in MT4
- More order types with 6 different pending orders
- Increased analytical capabilities
- 38 technical indicators, 44 analytical objects, 21 timeframes
- The option to open an endless number of charts
- The economic calendar & news feed streamed directly into the platform
- MQL5 programming language for developing your own trading tools
- Improved strategy tester for back testing your strategies
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 nice modern mobile app for Android and iOS devices. ActTrader is provided as an alternative trading platform by Fxview. I would prefer either MT4 or MT5 over ActTrader simply because they are industry-standard platforms and have a quick learning curve with simplicity and ease of access. That being said, ActTrader is still a fantastic and professional platform in its own right.
Here are some of the features of ActTrader that stood out to me:
- Professional trading environment
- Customisable & intuitive trading interface
- Risk reports & market watch with live price quotes
- Excellent suite of trading tools for comprehensive market analysis
- Lots of chart types & timeframes for all of your strategies
- Support a good variety of order types including instant execution
- 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
- Quick & easy to open a new position or close one with just a single click
When it comes to social trading, ZuluTrade is one of the oldest and most well-known names. You can communicate with other traders worldwide and copy their trading activities through Fxview and ZuluTrade integration. It is easy to browse through trading strategies and check the statistical information with filters to help you pick those that meet your preferences. Copy trading can be a good solution for those of you who are new to trading and don’t have the time to learn how to trade. If you don’t want to sit in front of your computer looking at charts all day, you might want to take a closer look at ZuluTrade. However, I would like to stress the fact that past performance cannot promise future results. You should do proper due diligence before copying trades. I personally prefer to control my own trades as I like to know exactly why and when a position is taken. This way you can learn from your mistakes and improve your trading strategies.
You get access to a great variety of standalone trading tools along with those that are already built into the provided platforms. They include API Trading, Virtual Private Server, Expert Advisors, Trading Calculators, Trader’s tool box, Indicator packages and an Economic Calendar. I actually feel that these tools are more than what an average trader might require. You will find that platforms are already packed with built-in trading tools that you can use to build trading strategies as simple or complicated as you need them to be. That being said, I always like to see a broker go above and beyond to help traders make informed decisions.
A virtual private server (VPS) allows you to run your trading platforms remotely 24/7 with minimum down time. This can be very useful if you want to run automated systems around the clock without having your own computer switched on. It can also benefit those who don’t have the most reliable internet connection at home. I have my own VPS where I run my trading platforms with automated strategies (expert advisors) in MetaTrader and find it to be an invaluable tool. However, you must have an account balance above $5,000 to apply for a free VPS with Fxview.
You can develop trading strategies using the brokers REST or FIX API, which bring you multi asset liquidity and the technological edge that you need. They offer the FIX API and REST API connectivity to clients who are seeking a dynamic and integrated trading environment with high speed execution and low latency. The REST API is free with a reasonable monthly commission commitment. The FIX API requires a monthly balance maintenance of $10,000 and minimum monthly commission of $1,000.
Trader’s Tool Box
Fxview provide clients with access to a premium range of trading and analytic tools, to boost their chances of success. I found some brilliant tools in the Trader’s Tool Box, with something to suit every trader’s needs. Amongst the tools I found these especially useful:
- Alarm Manager
- Correlation Matrix
- Correlation Trader
- Market Manager
- Mini Terminal
- Sentiment Trader
- Session Maps
- Stealth Orders
- Tick Trader
- Trade Terminal
If you are a beginner, you will be pleased to find that Fxview provides you with a great selection of educational materials, such as market analysis, tutorial videos, webinars, trading glossary and an FAQ section that gives instant answers to the most common questions that traders have. I actually found the educational resources to be somewhat better than quite a few other brokers that I have reviewed in the past. Especially the market analysis section as that can help you learn how to build an investment thesis in conjunction with your own goals.
You can choose from a reasonable range of markets to trade with Fxview including CFDs on forex, indices, commodities, stocks and cryptos (only for global clients). Contract for differences (CFDs) allow you to speculate on the price of an underlying asset without needing to physically own it. This means you can go long (buy) and go short (sell) a financial instrument depending on the direction you think it is heading. The difference in price from when you open and close the position is your profit or loss minus any brokerage fees. I think the broker has suitable instruments for anyone who is looking to build a diverse portfolio. However, they could improve by adding individual options, bonds and ETFs.
Fxview allows both beginner and experienced traders to trade all assets from an all in one account, the RAW ECN Account. An ECN (Electronic Communication Network) account is a choice of all traders who want the best possible trading conditions. The ECN account allows buyers and sellers to trade directly without any middlemen. I appreciate that the broker offers tight spreads starting from 0.0 pips and good execution speeds. This means you can use them for scalping and automated trading when you need the best possible pricing at all time.
There is the demo account that you may use to test the brokers platforms and trading conditions. I would always start on a demo account just to make sure the broker can meet my needs. It can also be a great way for you to build your confidence and practice different trading strategies to see which works best for you.
I am happy that Fxview have Swap-free Islamic accounts that comply with Sharia law. This means they can cater to traders around the world who follow 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, if you can save on fees then it always helps in the long run. I don’t like the pressure some brokers put on you when they charge you a fee simply for not trading. I understand why they do it, but would always prefer a broker that doesn’t.
The broker takes a client-first approach and 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.
Fxview accept a good range of funding and withdrawal methods, including bank transfers, credit/debit cards and digital wallets. I noticed the broker does not charge any fee for deposits or withdrawals, which is a good thing. However, there might be a transaction fee charged by your payment service provider. I prefer funding with digital wallets as I find this is usually the quickest way to get access to my funds.
Overall, there is a lot to like about Fxview. They have a good range of trading products and services, including self-directed trading via an excellent choice of platforms. You can copy trading signals using the ZuluTrade integration.
There is enough educational content and demo accounts to bring beginners up to speed with trading online. They have plenty of convenient payment options for quick and easy account funding. It gives me a sense of security knowing that they are registered 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 with institutional-grade liquidity which means you will get some of the lowest possible spreads with fast execution speeds for your trades. If you trade enough volume you can apply for a free VPS to improve performance even further with low latency.
I think they can be a good choice for anyone who is looking for transparent, low cost trading conditions, cutting edge technology, and great support. They welcome traders of all levels, providing retail clients with the same trading conditions that institutional clients have access to.