FXBeat
FXBeat
— financial company that claims popularity in the market and guarantees best conditions for every trader. Officially stated that the broker actively participates in international processes and has won a number of prestigious awards, including Global FinTech Awards, Best Broker, and Best Online Brokers.
FX Beat provides services in 190 countries worldwide and has 40,000 active traders. The company’s activities are fully regulated by Cyprus CySEC and Australian ASIC. User funds are insured by the Cypriot Investor Compensation Fund up to €20,000.
One interesting fact about working with the FXBeat platform is that traders do not need to undergo verification to start trading. Simply provide an email address and start trading. However, for access to advanced features and additional tools, quick verification is required by confirming email, phone number, and geolocation.
Clients can contact customer support using the following contacts:
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hotline number,
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email address,
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head office address.
FX Beat provides 24-hour market access, with no affiliate or bonus programs offered.
Trading Conditions of FX Beat
The broker’s page does not provide descriptions of trading accounts, only general trading conditions:
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leverage up to 1:20,
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tight spreads,
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no commissions for trades.
Information on the minimum deposit size is only available after opening an account. Traders can trade:
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70 currency pairs,
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CFDs on indices,
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precious metals,
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stocks,
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cryptocurrency.
No descriptions of the available trading platform, the broker suggests using its trading terminal.
Deposits and Withdrawals from FX Beat
Payment systems for transactions are not limited. Funds can be deposited and withdrawn through various e-wallets, cryptocurrencies, bank transfers, and cards. It is officially stated that the company does not charge transaction fees, however, partner banks may charge their own fees.
Conclusions
Brokerage company FXBeat provides limited information about itself and trading conditions, which may raise doubts about the reliability of its operations on the website. Detailed descriptions of trading accounts, minimum deposit, and withdrawal threshold are missing. There are not enough reviews on the platform, which may also raise questions for potential traders. Despite having licenses from regulators, it is recommended to carefully review all available information on the website before deciding to collaborate.