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FOREX EXCHANGE , FX Corp Broker Comparison

Do you want to know which is the better broker between FOREX EXCHANGE and FX Corp ?

In the table below, you can compare the features of FOREX EXCHANGE , FX Corp side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2  brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions (ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
  • Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
8.36
Regulated
No guarantee
--
15-20 years
FSA
Supported
Not supported
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Pin on the left
6.92
Regulated
No guarantee
10-15 years
ASIC
Not supported
Not supported
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Score
Regulatory Status
Regulated
Regulated

FX Corp BrokerRelevant information

FOREX EXCHANGE 、 FX Corp BrokerRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of forex-exchange, fx-corp lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

forex-exchange
FOREX EXCHANGEReview Summary
Founded2004
Registered Country/RegionJapan
RegulationRegulated
Market InstrumentsCurrencies
Demo Account
Leverage/
Spread/
Trading PlatformMT4
Min Deposit/
Customer SupportPhone: 0120-555-729
Email: support@forex-exchange.co.jp
Physical Address: 〒 103-0025Tokyo chuo ward kaya, the nihonbashi 2-1-1 second securities pavilion

FOREX EXCHANGE Information

FOREX EXCHANGE, incorporated in Japan in 2004. Currently regulated by the FSA, it allows traders to trade currency pairs through MT4 and supports free trading fees. But it did not provide specific information about the accounts.

FOREX EXCHANGE Information

Pros and Cons

Pros Cons
Regulated by FOREX EXCHANGENo account details
Support MT4
Transaction fee, stop loss fee and account maintenance fee are 0 yen

Is FOREX EXCHANGE Legit?

Regulated Country/Region
Is FOREX EXCHANGE Legit?
Regulated AuthorityFSA
Regulated EntityFOREX EXCHANGE株式会社
License TypeRetail Forex License
License Number関東財務局長(金商)第293号
Current StatusRegulated
Is FOREX EXCHANGE Legit?

What Can I Trade on FOREX EXCHANGE?

It can mainly trade 25 currencies.

Tradable Instruments Supported
Currencies
Precious metals & Commodities
Indices
Stocks
Bonds
ETF
What Can I Trade on FOREX EXCHANGE?

Account Types

The account opening process is as follows, consisting of four steps. You may refer to:

Account Types

FOREX EXCHANGE Fees

Transaction fee, stop loss fee and account maintenance fee are 0 yen. Deposits of more than 1 billion yen will be charged.

FOREX EXCHANGE Fees

Trading Platform

FOREX EXCHANGE offers MT4 for trading on desktop, mobile and tablet.

Trading PlatformSupported Available Devices Suitable for
MT4Desktop, Mobile, TabletBeginner
MT5
Trading Platform

Deposit and Withdrawal

Withdrawals must be made from the website and can only be made in Japanese yen.

The withdrawal fee is free in principle. For withdrawals of less than 10,000 yen and withdrawals of more than 5 times per month, 540 yen will be charged per withdrawal.

The money will be remitted to your registered financial institution account within 4 working days.

Deposit and Withdrawal

Deposits can be made through regular bank transfers and fast deposits, with no minimum amount limit. Payment in Japanese yen only.

Deposit and Withdrawal

fx-corp
AspectInformation
Registered Country/AreaAustralia
Founded Year5-10 years ago
Company NameFX Corp Pty Ltd
RegulationRegulated in Australia by ASIC
Minimum DepositNot specified
Maximum LeverageNot specified
Transaction FeesTransaction fees vary based on the type of transfer and payment network used (e.g., $60 for SWIFT transfers)
Trading PlatformsNo trading software available
ProductsSpot contracts, Forward Exchange Contracts (FECs)
Account TypesNot specified
Customer SupportPhone support available, physical office in Sydney, Australia

General Information of FX Corp

FX Corp is a regulated financial services provider offering a range of foreign exchange solutions to individuals and businesses. With its headquarters in Sydney, Australia, the company operates under the regulatory oversight of the Australia Securities & Investment Commission (ASIC).

For individuals, FX Corp facilitates international payment services for various purposes, including real estate transactions, luxury goods purchases, investments, inheritance management, overseas income handling, and mobile payments. Their goal is to provide efficient and secure solutions for conducting international transactions in these areas.

For businesses, FX Corp specializes in commercial foreign exchange services, catering to diverse industries. Whether it's a small online retailer or a growing global company.

FX Corp offers a range of foreign exchange products to align with businesses' goals and requirements. These include spot contracts, which involve immediate purchase or sale of foreign exchange at prevailing rates, and forward exchange contracts (FECs).

basic-info

Pros and Cons

ProsCons
Regulated by the Australia Securities & Investment Commission (ASIC)Risk alert associated with the broker
Offers international payment services and foreign exchange solutionsNo information provided about trading software
Tailored payment processes

Is FX Corp Legit?

FX Corp Pty Ltd, also known as FX Corp, is a regulated entity. It is regulated by the Australia Securities & Investment Commission (ASIC) in Australia. The company holds a full license under the authority of ASIC with the license number 459050. The license was granted to FX Corp Pty Ltd on October 30, 2014.

regulation

International Money Transfers

FX Corp's international transfer service is available in 60 currencies for over 80 international/regional locations worldwide, with payments to most countries/regions taking 1-2 business days. There are two most common payment networks in the global payments arena, the SWIFT and the Automated Clearing House (ACH), with the former requiring a $60 transaction fee.

Commercial

FX Corp offers commercial foreign exchange solutions for businesses operating in various industries, ranging from small online retailers to fast-growing global companies. They understand the challenges faced by businesses expanding geographically and aim to provide tailored and modernized payment processes to meet their needs.

To support businesses in achieving their goals, FX Corp operates at the forefront of the foreign exchange services landscape. They have extensive experience working with businesses in different industries, similar to the ones they serve. By leveraging their expertise, FX Corp can enhance and improve the existing setup of businesses, helping them optimize their foreign exchange capabilities.

FX Corp's dedicated relationship managers play a crucial role. These managers keep businesses updated on the latest developments in foreign exchange and ensure that their FX capabilities remain adaptable to changing market conditions. They offer insights, advice, and support that are critical for the success of businesses' expansion plans into new markets.

FX Corp Personal

FX Corp provides international payment services for individuals buying and selling real estate, buying and selling luxury goods, investments, inheritance, overseas income, mobile, etc. The personal services offered by FX Corp focus on providing international payment solutions for individuals. These services cater to various needs such as buying and selling real estate, buying and selling luxury goods, managing investments, handling inheritances, managing overseas income, and facilitating mobile payments.

FX Corp Products

FX Corp offers a range of foreign exchange products to align with businesses' specific goals and requirements. These products can be utilized simultaneously for different projects based on factors such as profit margin or time to completion. It is important for finance teams, who often face time constraints and pressure to meet reporting and accounting deadlines, to carefully consider FX transactions and products.

FX Corp specialists are available to assist finance teams in selecting suitable FX products while ensuring they can manage their other responsibilities effectively. By leveraging FX Corp's resources and experience, businesses can choose products that maximize their chances of success and minimize the impact of unfavorable currency movements.

Spot Contracts: One of the basic and commonly used FX products is the spot contract. Spot payments involve a binding obligation to buy or sell a specific amount of foreign exchange for fast delivery. These transactions are conducted at the prevailing live spot rate and typically settle within two business days.

Forward Exchange Contracts (FECs): FX Corp also offers forward foreign exchange contracts (FECs), which allow businesses to “lock in” an exchange rate for a specific date in the future. The forward rate for an FEC is calculated based on the current spot rate, time to maturity, and the interest rate differential between the two currencies involved. FECs provide businesses with greater certainty for forecasting costs or profits without the need to pre-purchase currency and deplete their cash flow. While a deposit may be required, the full payment of the contract amount is not necessary until the maturity date.

Customer Support

FX Corp provides customer support through various channels. The primary contact method is through phone, and customers can reach their customer support team at the phone number 02 8076 9535. This phone support allows customers to directly communicate with FX Corp's representatives to address their inquiries, concerns, or seek assistance regarding their services.

Additionally, FX Corp has a physical office located in Sydney, Australia. The office is situated at Level 14, 1 Castlereagh Street, Sydney, NSW, 2000. Customers can visit the office in person if they prefer face-to-face interactions or have specific needs that require an in-person meeting.

customer-support

Are the transaction costs and expenses of forex-exchange, fx-corp lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive forex-exchange and fx-corp are, we first considered common fees for standard accounts. On forex-exchange, the average spread for the EUR/USD currency pair is -- pips, while on fx-corp the spread is --.

Which broker between forex-exchange, fx-corp is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

forex-exchange is regulated by FSA. fx-corp is regulated by ASIC.

Which broker between forex-exchange, fx-corp provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

forex-exchange provides trading platform including -- and trading variety including --. fx-corp provides trading platform including -- and trading variety including --.

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