Fx Fixed Review: FX Fixed is a forex broker allegedly located in London. In the review below, we take an in-depth look at the features FXfixed.com allegedly offers. The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about FXfixed.
Table of Contents
FXFixed Trading Platform
FX fixed in some aspects look professional but fails in other aspect due to its questionable design choices and implementation. The website of BCP Forex broker feels empty as it doesn’t provide necessary and required information isn’t provided.
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At first glance we discover that this broker supports the MT4 trading platform. They use a web based platform to offer assets such as Forex (with leverages up to 1:500) CFDs, Indices, Stocks, and Precious metals.
Another thing we noticed is that FXfixed.com claims that it is located in Unigreen Korlatolt Felelossegu Tarsasag 1054 Budapest, Honved Utca 8 .1 Budapest, Honved, 1054 Hungaryut the websites default language is in Spanish
ForexFixed Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker has four account types
FXfixed Broker Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
FXfixed.com flaunts different logos, but we found out that it accepts deposits with debit cards. And uses a lesser known payment option for withdrawals, meaning withdrawal might not be possible under certain conditions.
This broker claims not to have any withdrawal fees.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is FX Fixed Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
This broker claims to be located at Unigreen Korlatolt Felelossegu Tarsasag 1054 Budapest, Honved Utca 8 .1 Budapest, Honved, 1054 Hungary. All brokers that are located the EU country must be regulated by the country’s national bank, the Magyar Nemzeti Bank. The institution’s website did not produce any results for a FXFixed.
So in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning this broker.
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with FXfixed.com as they don’t give any valid information concerning if they are a regulated broker.
FXfixed.com is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.