FXSystems.Com Broker Review

Name of the Company FX Systems Ltd
Established In 2006
Online since 2006
International Offices Saint Kitts and Nevis
Payment Methods Credit/debit cards, Global Digital Pay, Liqpay, Moneybookers, Payza, Wire transfer
Demo Account and Platforms Meta Trader 4
Account currencies Euro, United States Dollar
Regulated or Registered By Nevis Financial Services
Are US Traders Allowed? No
Languages in which website is available Arabic, English, French, German, Hebrew, Spanish
Languages in which support is available Arabic, English, French, German, Hebrew, Spanish
Different Support Methods Live chat, Phone, Web form
Types of Account (micro standard executive islamic) VIP, ECN
Minimum Deposit in Accounts $25,000
Minimum position size 1 Lot
Type of Spread Variable
Typical spread on EUR/USD, pips 0.4
Minimum spread on EUR/USD, pips 0.2
Is Scalping Allowed Allowed
Is Use of Expert Advisor Allowed Allowed
Types of Trading instruments (GOLD; CFD, etc. and the leverage) Forex- 1:500, Gold & Silver- 1:500, CFD – 1:500, Futures- 1:500, Indexes – 1:500, metals -1:100
Real Trading platforms Meta Trader 4
Digits after the dot in quotes 5
Total Number of Currency Pairs 60
·         Interest rate on funds Yes
Any Bonus offers Yes
Do they Provide Personal manager Yes
Is Trading by telephone Allowed Yes
Any Segregated accounts Yes
Do they have Managed accounts Yes
Islamic accounts available Yes
 Is  Hedging Allowed Yes
Do they have Trailing stop Yes
Do they have Pending orders Yes
Mobile trading Allowed Yes
Automated trading Present Yes

fxsystemsFXSystems.com was established 6 years back in the year 2006 with their office in Saint Kitts and Nevis. They also started their online trading system the very same year so that they can reach to the traders all over the world. The company is well regulated in the country where it is founded by Nevis Financial Services. They have many features which keep the traders glued to the company like; they offer interest rates on the funds and also have many types of bonuses. They offer personal manager who helps to manage their account better. Segregated accounts make sure that the fund of the customer and the company is kept separate. Many other features which they have are the trailing stop, pending orders, mobile trading and automated trading. They have many payment options which help in the easy deposit and withdrawal of the funds. The currencies allowed in the account include Euro and United States Dollar. They do allow traders from United States to do the trading from their account.

The website is available in 6 languages and is very informative as well as very easy to browse. Their customer support service is of world class and is also available in 6 languages. One can easily reach them via phone, live chat and web form. They offer only two types of account which are ECN and VIP and the minimum amount required to open an account with them is $25,000 which is staggeringly high. They have a variable spread but they make sure that it is very tight so that the traders get maximum profit from their trade. Scalping is allowed to the traders. They also allow the use of Expert Advisor. They offer a number of trading instruments which include Gold & Silver, CFD, Futures, Indexes and Metals along with forex and the leverage on each of them is 1:500.

The reviews for FXSystems.com are very positive and show that they have a number of happy and satisfied customers. The most liked feature that is offered by the company to its users is a number of trading instruments, the leverage on each of them is 1:500 except 1:100 for Metals. Many traders who love to scalp like this broker as they allow scalping during trading. The use of Expert Advisor is also allowed to the traders. Their trading platform is Meta Trader 4 which is loaded with such features which will help the trader in gaining maximum profit. Their website and customer support service is excellent and is lauded for being one of the best in the industry. Some of the cons mentioned in the reviews is that they do not have email service as one of the support methods. The minimum deposit required to open an account with them is $25,000 which is very high and may not be possible for small traders to open an account with them. The average rating given to the company by its users is 5.9 out of 10 which speaks for the company itself.

» Sign up now!