FxView

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Overview
  • Regulated By:: CySEC
  • Headquarters:: N/A
  • Foundation Year:: 2011
  • Min Deposit:: $5

FxView is an international forex broker, offering trading options in forex, commodities, cryptocurrencies and indices. They are compatible with multiple trading platforms: MT4, MT5 as well as ActTrader, which is fully customised. Their trading tools such as Autochartist, API Trading and Virtual Private Server are known to be efficient in terms of functionality.

FxView Review 2020, Pros and Cons

Pros

  • Regulated broker
  • Negative balance protection
  • Expert advisors
  • Low latency and simplified trading
  • Flexible leverage
  • Low floating spreads

Cons

  • Although high, leverage is not unlimited

FxView Review: Summary

FxView is an international, established forex broker, with offices around the world. They offer a wide range of trading products, via popular trading platforms like MT4, MT5 along with a customised trading tool, ActTrader. They abide by stringent regulatory standards, providing a very safe environment to trade. 

Backed by a team with a strong background in finance, FxView endeavours to provide its clients favourable trading conditions, similar to institutional traders. They offer flexible leverage and extremely competitive spreads, and their execution speed is also relatively high.

The minimum deposit required is $200, and minimum trade size is 0.01.

FxView Review 2020: Regulation

FxView is owned by the Cyprus-based company CharlGate Limited, which is regulated by the Cyprus Securities and Exchange Commission (Registration number: 372060). All the brokers with Fxview’s license have to follow high regulatory standards. They are a member of the Investors Compensation Fund as well, which basically guarantees all the investors assured compensation in case of any contingency. In case of any fraud or bankruptcy, this amount can even go up to 20, 000 euros. As part of the regulatory standards, there is absolute segregation of all their clients’ funds, which further ensures safety of their invested money.

FXView is also licensed by the Financial Conduct Authority in the UK with a registration number 850138, the German Federal Financial Supervisory Authority – BaFin with a registration number 157125, the French Autorité de Contrôle Prudentiel et de Résolution – ACR with a registration number 85051, the Italian Commissione Nazionale per le Società e la Borsa – CONSOB with a registration number 5151, the Spanish Comisión Nacional de Mercado de Valores – CNVM  with a registration number 4892 and the Norway Finanstilsynet with a registration number FT00118545. 

Such an array of licenses makes FxView a legit broker, with an extremely credible reputation.

FxView Review: Countries

Fxview is regulated throughout Europe, UK and Norway, which means that from anywhere in the continent, one can trade on FxView.

FxView Review: Trading Platforms

MT4

MetaTrader 4 is an advanced trading platform that offers access to a range of tools from algorithmic trading, technical analysis and EAs. It is one of the most preferred trading tools of brokers due to its advanced charting tools and user friendly features. FxView allows usage of MT4 from any browser on any operating software. As an application, it is compatible with both iPhones and Android phones.

The following are some of the features of the MT4 platform:

  • It uses a simple, yet powerful programming language for creating scripts, indicators and other useful add-ins.
  • It has over 50 built-in tools for various strategies and technical analysis. 
  • It has the most user-friendly interface that is suitable for all kinds of traders.
  • It allows implementation of even the most complex trading strategies.

MT5

MetaTrader 5 is a multifunctional trading platform with endless trading possibilities. It is an improved version of MT4 and therefore, has advancing charting capabilities and new features. Just like MT4, FxView gives the option of using MT5 platform from both Apple and Android softwares, on both desktop and phones. 

The following are some of the features of the MT5 platform:

  • It allows hedging. 
  • It offers 4 order execution modes, along with 8 pending orders.
  • It aids access to financial information through its economic calendar and news streaming service which can be directly integrated into the platform.
  • The MQL5 programming language that it uses makes it easier to use by trading bots as well.
  • It allows segregation between the terms of order, position and transaction.
  • There is a detailed presentation of results on MT5.
  • It even allows opening of 100 currency charts at the same time. 

ActTrader

ActTrader gives its users customised trading solutions, aimed at enhanced risk management. Any Java-based browser can be used to access its URL. ActDroid and ActPhone, apps for Android and iPhones, respectively, can be used for trading on the go.

 The following are some of the features of the ActTrader platform:

  • It offers a one-click solution to opening a new position.
  • It allows customising trading screens, combining charts and streaming prices in any order.
  • It creates automated strategies directly from charts, which is perfect for beginners.
  • Its graphs and charts are well detailed.

FxView Review: Trading Tools

Autochartist

Autochartist is chart pattern recognition software, which FxView provides free of cost to all its investors. With over 70% accuracy rate of price breakout forecasts, it is one of the most advanced intraday tools for technical indicators such as Fibonacci retracements.It gives real time alerts on trading opportunities to its clients, round the clock. It even provides past months review of market events, besides projecting future market movement. It basically eliminates the need for analysing chart patterns individually.

API Trading

FxView offers fix API connectivity to its investors, and allows them to demo the FIX environment in real-time before trading live in the market. It allows access to multiple markets, and a wide range of order types. For a fix API, a minimum of $10,000 is needed. For trading volume less than 20M/month, a $500 monthly fee is charged, which is particularly for the connector. 

Virtual Private Server (VPS)

VPS offers hassle-free trading in a safe environment, wherein hardware, internet connection and power backup are not required. FxView offers this service for free with a deposit of $5000. Alternatively, there are monthly subscriptions ranging from $27 to $85 per month. 

Trading Calculators

It is easy to calculate transaction charges per  trade with FxView’s commission calculator. The values are calculated based on market conditions, and the results are produced instantaneously. One just needs to enter the trade size, account currency and currency pair that one is trading in. FxView charges a Commission of $2 (round-trip) per trading volume of $100, 000. FxView’s commission calculator will convert the amount easily.

FxView Review: Education

FxView has tied up with third party service providers (Myfxbook Auto Trade and MQL5 community), to provide unparalleled financial advice to its clients. One just needs to choose the third party service provider with whom they wish to connect after setting up an account. Next, they just have to select the EA provider and then start trading.

FxView Review: Trading Instruments

FxView offers multiple instruments for trading online. They are as follows:

  • Wide range of minor, major as well as exotic FX pairs.
  • Commodities with no restrictions on SL or TP limits.
  • World indices with leverage

FxView Review: Trading Accounts and Fees

They offer a single trading account, in order to give equal access to all its clients. The RAW ECN Account offers spreads as low as 0.0 pips. The commission charged is $1 per Lot. Their biggest advantage is the negative balance protection that they offer. They allow EAs and hedging as well. The minimum trade size on FxView is 0.01 Lots, whereas the maximum size is 100 Lots.

FxView Review: Customer Service

Be it an existing client, or a prospective one, FxView is always there to help. One just needs to write their query and give their contact details on their web page, and the query is answered within a day. Their team can also be reached by email or telephone numbers.

FxView Review: Deposit and withdrawal

The minimum deposit required is equivalent to USD200. The currencies accepted by FxView via Bank Wire are USD, EUR and GBP. It deems transfer via Visa, Neteller and Skrill as acceptable. FxView does not charge any money for bank wire transactions, and takes less than 12 hours to transfer money in the investor’s account.

The processing time for withdrawals at FxView is less than 2 working days. Withdrawal requests more than, or equivalent to USD100 is only accepted for wire transfers. 

FxView Review: Account Opening

FxView stipulates that an ECN account with them can be opened in just a matter of a few minutes. One just needs to click on the tab ‘Open an account’ on their website, and fill in the requisite details like email address and phone number. Post this, the ‘register’ tab needs to be clicked. The registration will be complete once the email verification is done. After that, one has to update their profile, choose and download the chosen trading platform, deposit the amount one wishes to invest and voila, one is ready to start trading.

Alternatively, the option of a demo account provided by FxView can also be chosen , which gives good measures of practice before live trading.

FxView Review: Conclusion

FxView is a regulated broker, which is a huge plus, in the forex market. It has a proven track record of providing a safe trading environment to its clients. The trading platforms, MT4, MT5 and ActTrader used by FxView use the most advanced trading analysis techniques, ensuring its investors of fair transactions and accurate projections. Their spreads are competitive which gives them an edge over other brokers.

However, their lack of different account types can be seen as a drawback, although the company maintains that it is done to treat all its investors, big or small, in the same manner. It gives equal access to all of its clients. 

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