Score
FX Beyond
Panama|2-5 years| https://beyond-ss.com/en/home
Website
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Contact
Licenses
Single Core
1G
40G
Contact number
(+507) 202-7930
Other ways of contact
Broker Information
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FXBEYOND GROUP NZ LIMITED
FX Beyond
Panama
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The New ZealandFSPR regulation (license number: 564306) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 500 |
| Minimum Deposit | 5,000 yen |
| Minimum Spread | 1.5 |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | 500 |
| Minimum Deposit | 5,000 yen |
| Minimum Spread | 0.1 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 500 |
| Minimum Deposit | 5,000 yen |
| Minimum Spread | 1.5 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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FX Beyond · Company Summary
General Information & Regulation
FX Beyond, a trading name of FXBEYOND GROUP NZ LIMITED, is allegedly a forex broker registered in Panama that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1111 and variable spreads from 0.0 pips on the MT4 for iPhone/iPad, MT4 for Android/Tablet, MT4 for Windows, MT4 for Mac and MT4 for Windows Manual trading platforms, as well as a choice of three different real account types and 24/5 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that FX Beyond has a suspicious clone Finance Service Providers Register (FSP) licence. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and it receives a relatively low score of 1.74/10. Please be aware of the risk.
Market Instruments
FX Beyond advertises that it offers access to a wide range of products such as abundant FX currency pairs, precious metals, energy, stock indexes, stocks, virtual currencies, etc.
Account Types
Apart from demo accounts, FX Beyond claims to offer three types of real trading accounts, namely Standard, Zero Spread and Pro. The minimum initial deposit amount is only $51 for all account types.
Leverage
Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard account can enjoy the maximum leverage of 1:1111, the Zero Spread and Pro accounts have the leverage of 1:500 and 1:100 separately. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
FX Beyond claims that different account types can enjoy quite different spreads. Specifically, the spread on the Standard account starts from 1.5 pips, the Zero Spread account has spreads from 0.1 pips, while only the Pro account holders can enjoy raw spreads from 0.0 pips.
Trading Platform Available
Platforms available for trading at FX Beyond are MT4 for iPhone/iPad, MT4 for Android/Tablet, MT4 for Windows, MT4 for Mac and MT4 for Windows Manual. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
FX Beyond says to accept deposits via credit/debit cards, bank transfers, BitGo and Perfect Money, while withdrawal methods except for credit/debit cards. The minimum deposit and withdrawal amount differ depending on the method. For example, the minimum deposit requirement is $51 for credit/debit cards and bank transfers, while $50 for BitGo and $100 for Perfect Money. The minimum withdrawal amount is $51 for bank transfers, $50 for BitGo and $100 for Perfect Money.
Generally, deposits and withdrawals are free. However, if the deposit is less than $2,000, the deposit fee will be $10; and If the withdrawal amount is less than $2,000, the withdrawal fee will be 15$. As for the processing time of deposits and withdrawals, deposit reflection time is immediate to 2 business days, while withdrawal reflection time is 1-5 business days.
Customer Support
FX Beyonds customer support can be reached by telephone: (+507) 202-7930 or send messages online to get in touch. You can also follow this broker on social networks such as Twitter. Company address: Azuero Business Center Suite 918, Avenida Perez Chitre Panama, 0395 Republic of Panama.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
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