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FCX Trade

United Kingdom|2-5 years|
Suspicious Scope of Business|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://fcxtrade.com/

Website

Rating Index

Contact

support@fcxtrade.com
https://fcxtrade.com/
34 New House, City of London, EC1N 8JY, UK.

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

VC FSA
2021-12-20

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0564650) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0564650)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

FCX Trade · WikiFX Survey

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FCX Trade · Company Summary

Founded in the United Kingdom and with nearly 20 years experience, FCX Trade is a stock exchange-listed FX & CFD broker with various trading instruments via MT4 traded. However, its license is not authorized by NFA, meaning its unregulated current status.

FCX Trade's homepage

Pros and Cons

Pros Cons
MT4 providedInconsistent official webpage with content loading problems
Various trading instrumentsUnclear list of fee items
Limited contact channels
Unauthorized NFA license

Is FCA Trade Legit?

FCA Trade holds a Common Financial Service Licensefrom theNation Futures Association (NFA) (No. 0564650). However, it is regarded as unauthorized because in the NFA's official website, available regulatory information can not be found.

Regulatory Status Unauthorized
Regulated by United States
Licensed Institution FCX TRADE INTERNATIONAL LTD
Licensed TypeCommon Financial Service License
Licensed Number0564650
Unauthorized NFA license

What Can I Trade on FCX Trade?

FCX Trade offers diverse trading products, including:

- Stocks: Tesla, Amazon, Apple, Netflix

- ETFs: iShares, Vanguard, Lyxor, ARK

- CFDs on Forex: AUD/USD, EUR/GBP, CHF/JPY

- CFDs on Indices: WIG20, S&P 500, DAX, NIKKEI 225

- CFDs on Commodities: Gold, Natural Gas, Coffee, Corn

- CFDs on Cryptocurrencies: Bitcoin, Uniswap, Ripple, Dogecoin

Tradable InstrumentsSupported
Forex
Commodities
Indices
Cryptocurrencies
Stocks
Shares
ETFs
Bonds
Mutual Funds
What Can I Trade on FCX Trade?

FCX Trade Fees

FCX Trade charges different fees based on the trading products, and these fees are detailed in their product introductions.

For Forex trading, spreads start from 0.1 pips. When trading indices and commodities, the maximum leverage available is 1:500.

For cryptocurrencies, trading costs are low, with spreads starting from 0.22%.

In the case of stocks and ETFs, transactions up to a monthly turnover of 100,000 EUR are commission-free. For transactions exceeding this limit, a commission of 0.2% applies, with a minimum fee of 10 EUR. This policy applies to all stocks and ETFs, ensuring that the same commission structure is consistent across both types of products.

FCX Trade Fees

Trading Platform

FCX Trade offers MT4 trading platform. You can download the MT4 application via the APK for Android devices or through the Apple App Store for iOS devices. With the MT4 software, you can trade all of FCX Trades products from a single platform and utilize various tools to enhance your trading.

MT4

Customer Service

FCX Trade offers 24/5 customer service for email. Compared with other brokers, it provides limited contact channels for their traders.

Contact OptionsDetails
Phone
Emailsupport@fcxtrade.com
Support Ticket System
Online Chat
Social Media
Supported LanguageEnglish
Website LanguageEnglish
Physical Address34 New House, City of London, EC1N 8JY, UK

The Bottom Line

FCX Trade offers many types of trading products in MT4 software. But its unauthorized NFA license and non-transparent transaction information cause a large obstacle for beginners. Therefore, FCX Trade is more suitable for the advanced ones who have the skills and knowledge to identify and manage potential risks associated with these factors.

FAQs

Is FCX Trade a good for beginners?

No. The absence of an official NFA license and the lack of transparency in its transaction information are challenges for novice traders.

What security measures does FCX Trade have in place to protect my funds and personal information?

No.

At FCX Trade, are there any regional restrictions for traders?

Yes. It does not provides services for the residents of Brazil.

Broker Information

Company Name

FCX Trade International Ltd

Abbreviation

FCX Trade

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Type of License

Description of Approved License Type

Type I

The financial instrument business deals with highly liquid securities and provides derivative transactions, which have characteristics.

As mentioned above, the main business content of the first type of financial instrument business operators can be roughly summarized as securities business (securities, securities CFD, etc.), financial futures business (FX), derivative trading business related to cryptocurrencies, securities management, etc. The work can be divided into four categories.

Type II

The financial instrument business basically refers to funds (shares of collective investment plans), trust beneficiary rights with lower liquidity, that is, financial instrument transactions excluding major securities such as stocks and corporate bonds. These are referred to as "equivalent securities" in the various items listed in the second paragraph of Article 2 of this Sale Business Law (hereinafter referred to as "equivalent securities").

In addition, the self-issuance (private placement and public offering) of certain securities such as investment trust beneficiary rights that are not regarded as securities, currency-related market derivative transactions, etc. are also positioned as Type II financial instrument business.

Phone of the company

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Twitter

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Facebook

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Instagram

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YouTube

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Company address
  • 34 New House, City of London, EC1N 8JY, UK.

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@fcxtrade.com

Company Summary

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