August 13, 2020

FxReview Review

Overview:

The offshore broker FxReview is operational from the overseas territory of Saint Vincent and the Grenadines. The broker offers trading on six different trading accounts. The provided maximum level of leverages on all the six accounts are moderate, and spread is somewhat acceptable. If any of our followers want to trade with this broker. They must follow this FxReview review until the very end for a better understanding. It will equip you with a piece of comprehensive knowledge about FxReview. Read the full FxReview here.

About FxReview:

The trading accounts available at FxReview are six, namely Basic, Bronze, Silver, Gold, Platinum, and VIP. The required minimal deposit required is $250, $1000, $2500, $10000, $25000, and $100000 successively. The common maximum leverage of 1:200 offered on all of the six account types. To provide you with a comprehensive and impartial review, we are going to discuss the possible advantages and disadvantages of FxReview. The broker offers a plethora of 40 foreign exchange pairs choices consisting of USDMXN, USDSEK, USDPLN, USDCZK, USDZAR, USDSGD, USDDKK, USDCNH, USDNOK, USDTRY,  also USDRUB. It also offers CFDs over crude oil, natural gas, precious metals such as gold, silver, platinum, Agricultural produce like sugar, coffee, cotton, cocoa. It also has six indexes and stocks. The crypto coins offered are Bitcoin, Litecoin, Ripple, Ethereum, and Dash. The provided higher leverages are competitive, and many traders like them. The minimum deposit is affordable and according to the market.

However, High Concept Holdings LTD situated in the offshore territory of Saint Vincent and the Grenadines operate broker FxReview. The SVG based brokers are not authorized to provide trading services in the regulated markets like the European Union.

The broker offers up to 100% trading bonuses to its clients. Unfortunately, these bonuses are entitled to unusual terms and conditions that cannot be achieved. In short, traders’ investment gets locked to the broker, and he could not withdraw them until and unless he fulfils these terms and conditions. Because of that, the trading bonuses and brokers who are offering them are banned in strictly regulated trading markets. There are many withdrawal charges applied to its clients, like $20 withdrawal fees, a 3% service charge, and a maintenance fee of $20 per month. Three pips spread is quite high. The broker does not support MetaTrader, and Skrill is absent as a payment method.

Is FxReview scam or legit?

Above vigorous discussion leads us to claim that the broker FxReview is a potential Australian trading scam.