Operating from Majuro, Marshall Islands, FRXE is an online trading broker that has been providing traders access to trade several financial instruments using different trading platforms since 2012. The available financial assets include forex, precious metals, indices, and cryptocurrency. The broker provides several trading and learning materials and also makes available a customer support team that readily assists traders. There is a choice of different trading account options with a minimum deposit requirement of $100.
FRXE Review Introduction
In this FRXE review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including FRXE.
FRXE Platforms & Tools
Traders are provided with the MetaTrader 5 trading platform, a popular trading platform that was developed by MetaQuotes. The platform features multiple advanced tools and trading capabilities, such as advanced charts, multiple timeframes, and support for trade automation via expert advisors. MT5 is available as a desktop application for Windows and Mac computers, a WebTrader that requires no installations, and a mobile platform that is designed for mobile Android and iOS devices. The mobile app can be downloaded from the relevant app stores for trading on the go.
The broker also has an in-house-developed trading platform that is available as a mobile app. It allows traders to place trades and check trading positions at any time, even while on the go.
In addition to the tools that are built into the trading platforms, traders are also provided with some useful tools on the broker’s website. Some of these tools include Economic Calendar, Technical Analysis, Forex Indicators, Forex Scripts, and Trading Signals.
FRXE Research & Education
To ensure traders are well informed about the financial markets, the broker provides them with a good selection of educational resources, such as blogs, news, trading psychology, and a trading school that is designed for all levels of traders.
FRXE Trading Accounts
FRXE offers a choice of different trading account options to meet the individual trading needs of their clients. The accounts have various minimum deposit requirements as follows: Micro ($100), Standard ($2,000), and ECN ($25,000) Accounts. The accounts are denominated in USD and have low spreads from 0.4 pips and leverage of up to 1:500. There are also the Swap-free Islamic accounts that comply with the sharia; they are available upon request.
FRXE Account Funding
The following payment methods are accepted for both account deposits and withdrawals at FRXE: credit/debit cards, electronic payment processors, and cryptocurrencies.
FRXE Customer Service
FRXE offers a knowledgeable client support team to respond to traders’ general, technical, and account-based inquiries. They can be reached via email, Live Chat, social media, or by filling the form on the broker’s website.
FRXE is owned and operated by FRXE Trading Limited, which is registered in the Marshall Islands under the Marshall Islands Business Corporation Act with license number, 87985.
FRXE Review Summary
Founded in 2012, FRXE is an online trading broker that offers access to trade several financial markets using the MT5 trading platform and their own proprietary trading platform. The broker offers a selection of trading and learning tools whilst providing a client support team to assist traders at every point. The minimum deposit required to open a live trading account is $100.
It is worth mentioning that some of the trading products and services in this FRXE review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the FRXE broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.