FXall is an online trading platform that offers a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies. Founded in 2000, the platform has built a reputation as a reliable and innovative provider of trading services. In this review, we will examine FXall’s trading platforms, accounts, instruments, conditions, educational resources, customer support, deposits and withdrawals, and regulation and security measures.
Trading Platforms
FXall offers a proprietary trading platform that is accessible through desktop and mobile devices. The platform offers a range of features, including customizable charts, technical indicators, and analysis tools. The platform also supports algorithmic trading and offers automated trading strategies. The platform is intuitive and user-friendly, with a clean and modern design.
Compared to other trading platforms, FXall’s platform is well-designed and offers a good range of features. However, some traders may prefer other platforms that offer more advanced tools and customization options.
Trading Accounts
FXall offers three types of trading accounts: Standard, Premium, and VIP. Each account has different features and benefits, including access to different trading platforms, leverage, and account managers. The minimum deposit requirement for the Standard account is $100, while the minimum deposit requirement for the Premium and VIP accounts is higher.
Compared to other brokers, FXall’s account types and features are competitive. However, some traders may prefer brokers that offer more account types and more flexible deposit requirements.
Trading Instruments of FXall
FXall offers a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies. Forex trading is offered with competitive spreads and leverage, while commodity and index trading are offered with low spreads and no commission. Cryptocurrency trading is also available, with a range of popular cryptocurrencies offered.
FXall’s range of trading instruments is competitive, and the platform offers a good range of forex pairs and other financial instruments. However, some traders may prefer brokers that offer more exotic currency pairs and other niche instruments.
Trading Conditions of FXall
FXall offers competitive trading conditions, including low spreads and high leverage. Spreads for major currency pairs are as low as 0.1 pips, while leverage is offered up to 1:500. The platform also offers fast execution and no requotes.
Compared to other brokers, FXall’s trading conditions are competitive. However, some traders may prefer brokers that offer more flexible trading conditions and a wider range of trading accounts.
Educational Resources
FXall offers a range of educational resources, including trading guides, webinars, and market analysis. The platform also offers a demo account for traders to practice trading strategies before committing to a live account.
Compared to other brokers, FXall’s educational resources are competitive. However, some traders may prefer brokers that offer more comprehensive educational resources, including video tutorials and one-on-one coaching.
Customer Support of FXall
FXall offers customer support through phone, email, and live chat. The platform’s support team is available 24/7 and is responsive to customer inquiries and issues.
Compared to other brokers, FXall’s customer support is competitive. However, some traders may prefer brokers that offer more personalized customer support, including dedicated account managers.
Deposits and Withdrawals
FXall offers a range of deposit and withdrawal methods, including bank transfer, credit/debit cards, and e-wallets. The platform also offers fast processing times for deposits and withdrawals.
Compared to other brokers, FXall’s deposit and withdrawal methods and processing times are competitive. However, some traders may prefer brokers that offer more payment options and lower fees.
Regulation and Security
FXall is regulated by the Financial Conduct Authority (FCA) in the UK and is a member of the National Futures Association (NFA) in the US. The platform also implements strict security measures, including SSL encryption, two-factor authentication, and segregated client accounts.
FXall’s regulation and security measures are competitive, and the platform takes customer security and privacy seriously. However, some traders may prefer brokers that are regulated by multiple financial authorities and offer additional security measures, such as insurance on client funds.
Final Verdict about FXall
FXall is a reliable and competitive trading platform that offers a range of financial instruments, competitive trading conditions, and a range of educational resources. The platform’s proprietary trading platform is intuitive and user-friendly, and its range of trading instruments is competitive.
While FXall’s trading conditions and account types are competitive, some traders may prefer brokers that offer more advanced trading platforms, more flexible account options, and more comprehensive educational resources. Additionally, while FXall’s regulation and security measures are competitive, some traders may prefer brokers that are regulated by multiple financial authorities and offer additional security measures.
Overall, FXall is a solid choice for traders looking for a reliable and competitive trading platform with a range of financial instruments and educational resources. Traders should carefully consider their individual trading needs and preferences when selecting a broker, and conduct thorough research before making a decision.
