FXPREMAX

About company:

FxPremax offers just over 70 tradable instruments including Forex, spot oil and metals, as well as CFDs on some of the major indices.

 

About company. Fund security

The broker claims it is FSA-licensed Saint Vincent and the Grenadines. This offshore zone is very popular with many brokers due to its fast registration process, low minimum fees and more loyal control. Despite the fact that the FSA is committed to European standards, so far experts assess it as a regulator with a low level of protection. We advise you to think carefully before investing in offshore brokers, especially if you are going to invest large sums.

 

Based on the language versions of the site, FXPremax is primarily targeted at clients in South and Southeast Asia.

 

Trading conditions

FXPremax has four types of live trading accounts. There is also a no swap option that can be activated for any type of account at the request of the trader for religious reasons. There are also free demo accounts. The broker provides the opportunity for a PAMM account.

 

Minimum deposit

The broker allows you to start trading even with 1 cent on all accounts, however, you are unlikely to be able to get big profits from this. But for beginners and traders who develop algorithms, this is a big plus.

 

Spreads and commissions

FXPremax has floating spreads. For the popular EUR / USD pair, the average spread is 1.9 pips. This is a pretty good deal in the industry, although brokers can be found with even smaller spreads for this pair.

 

Leverage

1: 1 - 1: 500 for accounts with deposits up to USD 25,000; 1: 1 - 1: 200 for accounts with a deposit of USD 25,000 to USD 100,000; 1: 1 - 1: 100 for accounts of USD 100,000 and above.

 

Trading platforms

The broker offers the well-known MT4 terminal, which is used by millions of traders around the world. The terminal is known for its great charting package, customizable analytical tools, back testing and popular automated strategies - "experts" (EAs). Despite the fact that the developer MetaQuotes has released a newer version of the software, MetaTrader 5, MT4 continues to be the most popular Forex trading platform.

 

Significant services

Forex Copytrader is one of the broker's offers. The platform for social trading allows beginners or those traders who do not want to spend time trading on Forex, earn money, copy transactions of other market participants.

 

There is a rating of the most successful managers, which is displayed on the main page of the site. You can also view the trading history of each manager.

 

Support service

You can ask questions to specialists by phone, which is indicated for four regions (Russia, Great Britain, Hong Kong, Malaysia), also by Skype or e-mail.

 

Ways of payment

FXPremax provides many options for customer deposits. The broker accepts payments by bank transfer through local deposits in some countries. There is also the option to pay via international bank transfers and online payment systems such as Neteller, Skrill, OKPay, UnionPay and FasaPay.

 

Criticism of traders

There are many positive reviews from traders about working with FXPremax. But nevertheless, there are several points that confuse us. There are many suspicious positive reviews on the sites, the broker does not tell anything about his history and the broker is in an offshore zone under weak supervision.

 

Pros:

 

MT4; high leverage; several types of accounts; choice of payment methods.

 

Minuses:

 

unregulated broker.

 

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