Fxview.com Review [year]

Fxview Editor’s Verdict

Fxview offers traders cutting-edge trading platforms, 28 high-quality upgrades to MT4/MT5, API trading, ZuluTrade for copy traders, and one of the lowest pricing environments industry-wide, making it ideal for algorithmic traders and scalpers. Beginner traders get video tutorials and market insights, one account type for all traders, and leverage of up to 1:500 for Global traders and up to 1:30 for EU traders for a minimum deposit of €200 for EU traders and $50 for Global traders. I reviewed this broker to evaluate its ultra-competitive trading environment. Should you trade at Fxview?

Overview

A cutting-edge and low-cost trading environment with ultra-competitive costs

I like the trading costs at Fxview, which include a flat commission of $2.00 per round lot for all clients. Fxview also supports API trading, allowing demanding traders to connect sophisticated trading solutions to the cutting-edge infrastructure. The ActTrader platform includes a code-free environment to automate trading strategies, a rare hidden gem with tremendous value.

Fxview Regulation & Security

Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. Fxview presents clients with two regulated entities and more than 30 registrations all over the world and maintains a secure trading environment.

Is Fxview Legit and Safe?

Fxview, a Finvasia Group company, was founded in 2017 and is regulated by CySEC (Licence No. 367/18). As a Cyprus Investment Firm, the Company is obliged to adhere to all of the relevant European and local laws and regulations, including the Markets in Financial Instruments European Directive (“the MiFID II”) and the L. 87(I)/2017 regarding the provision of investment services, the exercise of investment activities and the operation of regulated markets.

FxView is also regulated in South Africa by the Financial Sector Conduct Authority.

Many non-EU or South-African resident clients will deal with the duly registered St. Vincent and Grenadines unit, company number 1112 LLC 2021. Fxview is a Financial Commission member, and the Hong Kong-based firm grants a €20,000 compensation fund per case, placing it on par with CySEC-regulated brokers.

Negative balance protection and segregation of client deposits from corporate funds apply. Fxview maintains a spotless operational record, making it a safe and secure broker across all its operating subsidiaries.

Fxview Broker Fees

I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Fxview offers all traders an ultra-competitive ECN account structure with raw spreads of 0.0 pips for a commission of $2.00 per 1.0 standard round lot, making it the cheapest broker industry-wide, accessible from a minimum deposit of €200 for EU traders and $50 for Global traders​. Therefore, Fxview delivers on its mission to ensure it provides the lowest costs in the market. The competitive edge for traders is tremendous, as day traders get a pricing environment 66%+ cheaper than most competitors.

The average trading costs for the EUR/USD at Fxview are:

Here is a screenshot of Fxview quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.

Noteworthy:

• Fxview offers positive swap rates on qualifying short positions, where traders get paid money to hold trades overnight

MT4/MT5 traders can access swap rates from their platform by following these steps:

1. Right-click on the desired symbol in the Market Watch window and select Specification.

2. Scroll down until you see Swap Long and Swap Short.

Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based Raw ECN account.

Taking a 1.0 standard lot buy/sell position, in the EUR/USD, at the average spread in the commission-based Raw ECN account and holding it for one night will cost the following:

Taking a 1.0 standard lot buy/sell position, in the EUR/USD, at the average spread in the commission-based Raw ECN account and holding it for seven nights will cost the following:

Noteworthy:

• Swap rates at Fxview are highly competitive
• Fxview provides the most notable cost advantage for day traders and scalpers who close positions before the end of the day, where trading costs are the lowest industry-wide for most traders

Range of Assets

Fxview offers Forex traders 70 currency pairs, maintaining a competitive selection and the broadest sector coverage. It added cryptocurrencies but only offers five crypto assets and is offered to its global clients only. The choice of commodities and indices suffices as a sector introduction. Equity traders get a wide selection of 424 CFDs, mostly liquid blue-chip stocks listed in the US and the EU.

Asset List Overview

Fxview Leverage

Fxview grants dynamic multi-tier leverage, which I find an excellent approach. It lowers the maximum with an increase in volume, providing an intelligent risk management solution for traders and itself. Major currency pairs get 1:500 leverage for trades up to 100 lots (a highly competitive offer) except for traders at the CySEC subsidiary, where regulatory restrictions limit it to 1:30. For Global Entity, commodity traders get 1:500 in gold and 1:100 for the rest. They can get up to 200x leverage for indices and up to 10x for cryptocurrency.

Fxview Trading Hours (GMT +3)

Noteworthy:

• Equity markets open and close each trading session, unlike Forex and commodities, which essentially trade 24/5
• Fxview does not offer 24/7 cryptocurrency trading

I recommend the following step for MT4/MT5 traders to access trading hours:

1. Right-click on the desired symbol in the Market Watch window and select Specification.

2. Scroll down until you see Sessions.

Fxview Account Types

Fxview offers all clients the Raw ECN account, and I applaud this broker for its simplified account structure with equal access to identical trading conditions for all clients. The minimum deposit is only €200 for EU traders and $50 for Global traders, ensuring accessibility for every trader, irrelevant of deposit capabilities, and fulfilling its statement that clients come first. There is no upselling for better trading conditions, and a loyalty program rewards high-volume traders with various perks for the Global clients.

A swap-free Islamic account exists for the Global clients, but a fixed cost applies after three trading days, and levies every other day, which starts at $50 per 1.0 standard lot.

Fxview Demo Account

Fxview offers unlimited demo accounts, where MT4/MT5 provide the most flexibility. They are ideal for testing strategies and algorithmic trading solutions. Fxview will close demo accounts if no activity occurs for 30 days, which is normal. Otherwise, no restrictions apply.

I recommend a demo account balance similar to what is planned for the live deposit. I also want to caution beginner traders against using a demo account as a psychological tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value.

Trading Platforms

Traders get the core MT4/MT5 trading platforms, which Fxview upgrades with the Autochartist plugin, plus eleven plugins from FX Blue Labs. It also offers 17 custom indicators from FX Blue Labs, creating one of the most competitive MT4/MT5 trading environments, with full support for algorithmic and copy traders.

Fxview also features ActTrader, another Finvasia acquisition, featuring a fully customizable interface, interactive risk management, one-click trading, and feature-rich charts and graphs. The most notable advantage of ActTrader is its visual strategy builder, allowing traders to automate strategies in a code-free environment. The design feels dated, but the functions are innovative.

All three trading platforms are available as either a desktop client, a webtrader, and a mobile app.

Overview of Trading Platforms

Unique Features

Besides its cutting-edge core trading infrastructure, Fxview supports account managers via the MAM/PAMM module for the Global clients, and copy traders can use ZuluTrade, which Fxview owner Finvasia acquired as part of its global retail expansion, alongside the integrated MT4/MT5 services. VPS hosting for uninterrupted low-latency market access exists for algorithmic traders, free with a $5,000+ deposit. Additionally, Fxview offers API trading, allowing advanced traders to connect their sophisticated trading solutions to the superb Fxview infrastructure, including lightspeed order execution and liquidity aggregation.

Research & Education

Fxview maintains its Market News and Global Market Insights section, which aggregate relevant market commentary and economic news. The former grabs the feeds from FX Street and Trading Economics, and the latter relies entirely on hoopsAI. Traders get actionable trading signals via integrated MT4/MT5 signal services and Autochartist. I like that Fxview opted to outsource its research section to trusted third parties, allowing it to devote resources to its innovative trading infrastructure.

Beginner traders get dozens of short videos that provide a quality introduction to several topics. Webinars enhance the educational value at Fxview, which I like as a starting point. I recommend beginner traders seek additional free education online to supplement the content Fxview covers.

Customer Support

Customer Support Methods
Support Hours	24/5
Website Languages	EN

Multilingual customer supports at Fxview is available 24/5, but I recommend traders check the extensive FAQ section first, as it answers most questions. Fxview describes its products and services well, and I doubt most traders will require additional assistance. Live chat is ideal for non-urgent matters, while phone support remains best for pressing issues, like potential problems with financial transactions.

Bonuses and Promotions

For Global traders, Fxview offers a generous 100% deposit bonus on every deposit from $200 with maximum account leverage of 1:300, which is an excellent offer. It also maintains a loyalty program, where traders earn points per traded lot, redeemable for various perks, including monthly subscriptions and tech gadgets. An affiliate, refer-a-friend, and IB program are equally available.

Awards

Fxview has won three awards:

• Best Value Broker award at the Dubai Expo 2021
• Most Trusted Broker at the UF AWARDS 2022
• Best ECN/STP Broker across the Middle East and Africa at the UF AWARDS MEA 2023

Opening an Account

The Fxview online application takes less than 20 seconds to complete and only asks for the country of residence, e-mail address, and desired password. I like that Fxview does not collect unnecessary data and keeps the registration process hassle-free. Traders with the CySEC subsidiary must complete questionnaire and provide more information to satisfy local rules and regulations.

Account verification remains a necessary final step, usually satisfied by sending a copy of your ID and one proof of residency document.

Minimum Deposit

The minimum deposit at Fxview is $50 for global traders and €200 for EU traders.

Payment Methods

For EU: Bank Transfer, Visa, Skrill, Neteller, Rapid Transfer, Klarna, Giropay, Przelewy24, Nordea Solo

For Global: Bank Transfer, Visa, Skrill, Neteller, Virtual Pay, Help2Pay, PayRetailers, Rapid OZOW, Cryptocurrency

Withdrawal options
Deposit options

Accepted Countries

Traders from most countries can open accounts at Fxview except for residents of Crimea, Cuba, Cyprus, India, Iran, North Korea, Sudan, Syria, and the United States, South Sudan, Lebanon, Belarus, Afghanistan, Congo and Democratic republic of Congo.

Deposits and Withdrawals

The secure Fxview back office manages all financial transactions for verified clients.

Fxview does not charge internal deposit or withdrawal fees, but third-party payment processor costs may apply. The minimum deposit is €200 for EU traders and $50 for Global traders for all supported options, $5 for Cryptocurrencies (global clients only). Maximum deposits range between $3,000 and $50,000, except for Bitcoin, which has no limit. Processing times are instant for online payment processors, while others may take up to one business day, while traders may deposit in 18 currencies.

The minimum withdrawal amount is between $50 and $200, while maximums apply except for bank wires and cryptocurrencies, and Fxview processes withdrawal requests within 24 hours. Traders cannot withdraw profits to credit/debit cards and must select another method. I like the deposit and withdrawal transparency at Fxview, which ensures traders have access to their capital as fast as possible.

Fxview also developed a wallet, which traders may use for deposits, from where they can distribute capital to their trading accounts. The same applies to withdrawals.

Is Fxview a Good Broker?

I like the trading environment at Fxview as it combines cutting-edge technology, upgraded trading platforms, and the lowest trading costs industry wide. The extensive MT4/MT5 upgrades ensure one of the most competitive trading environments, while ActTrader features a code-free environment to automate trading strategies. Deep liquidity, fast order execution, VPS hosting, and API Trading cater to demanding algorithmic traders, account managers get the MAM/PAMM module for Global traders, and copy traders may use ZuluTrade besides the integrated MT4/MT5 solutions.

I rank Fxview as one of the most competitive brokers operational today since its acquisition by Finvasia. I have never reviewed a broker with fairer trading conditions, lower costs, and equal accessibility for all clients.

FAQs

What account types does Fxview offer?

Fxview offers its Raw ECN account to all traders without upselling better trading conditions for higher deposits. The minimum deposit is €200 for EU traders and $50 for global traders, the maximum leverage is 1:500 for global traders and 1:30 for EU traders.

Is Fxview legit?

Fxview is a legit broker, regulated in Cyprus. It provides traders with a secure and trustworthy trading environment, plus an exceptional operational record.

Is Fxview an ECN broker?

Fxview is a genuine ECN broker with the lowest trading costs available from a minimum deposit of €200 for EU traders and $50 for global traders, an industry-leading offer.

What type of account is Fxview ?

Fxview offers an ECN account with raw spreads and ultra-low commissions. Fxview also offers Islamic account to their global clients.

What is the average spread at Fxview ?

The Fxview average spread on major currency pairs ranges between 0.1 to 0.2 pips or $1.00 to $2.00 per 1.0 standard round lot.

Does Fxview accept US clients?

No, Fxview does not accept US clients.

What countries are restricted for Fxview ?

Fxview is a Global broker. Fxview accepts clients from all over the world except US persons and people resident in Cuba, Sudan, Syria, North Korea, Myanmar, India, and any other jurisdiction where offering such services may be contrary to local or international laws or regulations.

What is the minimum deposit for Fxview ?

The minimum deposit is €200 for EU clients and $50 for non-EU clients with Fxview.

Is Fxview regulated?

Yes, Fxview has a license from CySEC and operates under its jurisdiction. Also, it is regulated by FSCA, South Africa. Fxview holds registration from 30+ EU jurisdictions as well.

How much does Fxview cost?

The Fxview minimum deposit is €200 for EU clients and $50 for non-EU clients, and there are no account fees. Trading fees start from raw spreads of 0.0 pips for a commission of $1.00 per lot, making it one of the cheapest Forex brokers.

Is Fxview a good broker?

Yes, Fxview is a good broker with competitive trading fees and quality trading tools, including MT4 upgrades, VPS hosting, and API trading.

By DailyForex.com Team

The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.