FxBrew Review – Is FxBrew a Scam?
Fxbrew is an Irish-based forex and CFD broker that offers several account types, advanced technology, and excellent customer support. This broker is regulated by the UK’s Financial Conduct Authority (FCA).
They offer a 100% deposit bonus to new clients who trade on double capital and meet a trading volume requirement. This bonus is valid for a limited time only.
Fxbrew is a forex and CFD broker that believes in simplicity of design, transparency of operations, and versatility of trading options. It offers its clients access to a range of forex pairs, indices, commodities, and crypto coins on the MetaTrader4 and MetaTrader5 platforms.
Its Micro account targets novice traders and its minimum deposit is just $5. The ECN and VIP accounts have higher minimums.
The spreads on majors float around 0,2 pips, and commissions are just $2/100k. There are no slippage issues, and execution is quick and consistent.
The company has a dedicated multi-lingual customer support team, which can be contacted in real-time by email or completing a return call option on the website. However, it does not offer live chat or a telephone number for direct support.
FxBrew is a Forex and CFD broker that provides its clients with a wide range of trading conditions. They also have several account types available to suit different traders.
Leverage is a factor that can increase your profit, but it also increases your risk. Traders must consider their leverage before opening an account and contact customer support to change it if needed.
The minimum trade amount at FxBrew is based on the type of account that you choose to open. The Micro account, for novice-level traders, requires a minimum of $5, while the ECN and VIP accounts require a maximum of $5,000.
Commission charges are low at $2 per lot traded. Swap charges are also a factor and can be viewed on the MetaTrader platform.
The spread is the cost that a trader pays to the broker for executing a buy or sell transaction. It is a good idea to find out the spaces offered by your chosen forex broker before opening an account.
While most brokers offer a flat spread, some may widen it during fast markets and high volatility periods. This is to minimize their risk and protect them from losses.
Fxbrew is an offshore forex and CFD broker offering several account types and leverages up to 1:500. It is regulated through the FCA and keeps client funds in segregated accounts.
Choosing the right broker company is a crucial step to ensure that you trade safely and securely. Potential traders should make sure they pick a regulated broker fully supervised by respected financial institutions like the Australian Securities and Investments Commission, UK’s Financial Conduct Authority, or Cyprus Securities and Exchange Commission.
Fxbrew offers a range of trading conditions and supports both MetaTrader4 and MetaTrader5 platforms. It also allows trading on a maximum leverage of 1:500, provides access to several different assets and currencies, and has low raw spreads on its ECN and VIP accounts.
The broker also claims to offer dedicated multi-lingual customer support 24/5 but does not provide any information on which languages it supports. This is a bit of a shame, as it would be ideal to have more ways of getting in touch with the team.
Fxbrew is an online forex broker which claims to offer dedicated multi-lingual customer support 24 hours a day. The broker does not provide a phone number, but customers can reach their support team by email or completing a return call form on the website. It does not offer live chat, so potential traders should be careful in choosing a broker company that provides adequate support at all times. It is also essential to remember that not all forex broker companies are legitimate, and fraudulent firms are constantly trying to defraud unsuspecting investors. It is always best to perform due diligence on any company you are considering sending your money to, including reading online reviews before making a decision. It would be best if you were also sure the company is based in a regulated jurisdiction.