FIXI Markets Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this FIXIMarkets Review.
FIXI Markets Review
FIXI Markets is a London-based brokerage that offers two account types, both of which provide competitive variable spreads, leverage up to 1:400 and the option to trade in micro lots. One of the accounts is commission-free, while the other provides significantly lower spread involving a commission fee.
In addition, swap-free services are also available at FIXI Markets’ Standard accounts.
FIXI Markets Advanatges:
– Solid regulation (FCA)
The main benefit of those who choose to trade with FIXI Markets is its solid regulation. The company that owns and operates the brand, FIXI PLC is licensed by UK’s Financial Conduct Authority, one of the most reliable financial authorities worldwide. To put it simply, clients of FIXI Markets can trade with the ease of mind that their money is safe.
– Low cost of trading
Trading at both accounts offered by FIXI Markets appears to be relatively low-cost. Spreads on the commission-free Standard account are averaged 1.1 pips, which is on the lower end of average. As regards Pro accounts, they provide raw spreads and commission is charged on a tiered structure, based on volume. Clients start at $7 per lot but with increased volume it goes down to $4 per standard lot. So, the pricing of FIXI Markets seems attractive. In fact, we’ve tested the broker’s demo MT4 with a Standard account.
We have to point out that other FCA-regulated brokers offer even tighter spreads. For example, CFD and spread-betting giant IG provides spread averaged 0.6 pips on its commission-free accounts.
– Multiple platforms offered
Apart from the MetaTrader 4 platform, which is supported by more than 80% of all brokers, FIXI Markets also offers its newest version, the Metatrader 5, as well as Currenex, a professional FX trading solution.
While MT4 is still the most popular trading platform, lately its successor, MT5 gains popularity among forex brokers, due to the number of enhancements made lately by their developer, MetaQuotes. Metatrader 5 has great charting, much like Mt4, there are numerous indicators available, as well as Expert Advisors.
– High leverage levels
The maximum level of 1:400 offered by FIXI Markets will suite most trading styles. That being said, we must mention a higher ratio only gives you the ability to risk more. If you are that type of trade, you may check out a list of brokers offering even higher leverage levels.
FIXI Markets disadvantages:
-No significant weak sides
We could not think of any disadvantages of this broker.
FIXI Markets is a UK forex brokerage brand that offers access to the forex and CFD market through several trading platforms. On top of that, its trading conditions seem very attractive. Nonetheless, FIXI Markets’ main advantage over many of its competitors, is its solid regulation.
Forex broker regulation in UK involves strict rules on client account segregation, minimum capital adequacy, transaction reporting, and many more. More importantly, FCA provides coverage by the Financial Services Compensation Scheme (FSCS), in case a licensed broker becomes insolvent (up to GBP 50 000).
Actually, London-based institutional forex broker FIXI Markets launched retail trading in 2017 after a change of control at the company. The new controlling shareholder in the broker is the founder and longtime CEO of AxiTrader – a well-known Australian broker with licenses from both ASIC and FCA.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
FIXI Markets Review Conclusion
For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about FIXI Markets Review.