Headquartered in Dublin, Ireland, FXBrew is an online trading broker that offers a simple and transparent way to trade several financial instruments, including forex, commodities, indices, cryptocurrency, and CFDs. The broker provides traders with the MT4 and MT5 trading platforms and also offers a selection of useful trading and learning tools to assist them. Traders benefit from negative balance protection, and the minimum deposit required to open a live account is just $5. There is a professional client support team to assist at every point.
FXBrew Review Introduction
In this FXBrew 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 FXBrew.
FXBrew Platforms & Tools
FXBrew provides traders with the MT4 and MT5 trading platforms. These are advanced trading platforms that are loaded with a wide array of built-in charting and analytical tools and also support automated trading via expert advisors. Beginners and the more seasoned traders all find them useful due to their user interfaces with complex trading functionalities. The MT4 and MT5 trading platforms have similar features and trading capabilities. However, MT5 has more advanced features and extended functions. MT5 is built has 9 charts, numerous drawing tools, and up to 21 timeframes.
The broker presents the MT4 and MT5 trading platforms as desktop applications for Windows and Mac computers and mobile apps for Android and iOS devices. There is also the web version that can run directly on most modern web browsers, including Chrome, Safari, Firefox, and Edge, without first installing the trading application.
In addition to the tools built into the provided trading platforms, traders also benefit from some standalone trading tools that are designed to enhance their trading experience. These tools include Economic Calendar, VPS, Forex Calculators, and more.
FXBrew Research & Education
Clients get to access several learning articles and news from the broker’s website. They help to improve their trading skills and also keep them informed on the factors that control the financial markets.
FXBrew Trading Accounts
The following trading account options are available at FXBrew: Micro ($5), ECN ($100), and VIP ($5,000) accounts. They are denominated in USD, GBP, EUR, and BTC. The broker offers low spreads from just 0.2 pips and leverage of up to 1:500.
FXBrew Account Funding
The broker accepts only bank wire transfers and cryptocurrencies for account deposit and withdrawal purposes.
FXBrew Customer Service
The broker’s client support team is always available to respond to traders’ general, technical, and account-related inquiries via these contact channels: email, social media, or by filling the inquiry form on the broker’s website.
FXBrew is registered with the Financial Services Authority of Saint Vincent and the Grenadines.
FXBrew Review Summary
FXBrew is an online forex and CFD broker that allows clients to trade multiple financial assets using the MT4 and MT5 trading platforms. Traders get to make use of several trading and learning tools provided by the broker, whilst there is a client support team on hand to assist them at every stage. The minimum deposit required to operate a live account is $5, while a commission fee of $4 is charged on trades. The broker is registered with the FSA in Saint Vincent and the Grenadines.
It is worth mentioning that some of the trading products and services in this FXBrew 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 FXBrew 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.