Score
FXPace
Australia|5-10 years| https://www.fxpace.com.au/en
Website
Rating Index
Contact
Licenses
Licensed Institution：NOTESCO PTY LTD
License No.：417482
Single Core
1G
40G
1M*ADSL
- The claimed AustraliaASIC regulation (license number: 417482) is verified as a clone firm. Please pay attention to the risk!
Basic information
Australia
Account Information
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Website
fxpace.com.au
Server Location
United States
Website Domain Name
fxpace.com.au
Server IP
45.60.39.180
Company Summary
General Information
FXPace is an offshore forex and CFD broker, offering several account types with generous leverage and the MetaTrader4 platform.
Regulation
FXPace is a trade name of Salvax Limited, a company registered in Bermuda, which also operates a couple of other brokers – Navitas Markets and FXSuit. Unfortunately the broker does not hold a legit license, so it unsafe to invest with this broker.
Markets Instruments
FXPace offers quite a selection of CFDs – on crypto coins like Bitcoin, Ethereum, Ripple and Litecoin, precious metals, namely gold, silver, platinum and palladium, commodities, including corn, soybeans, wheat, coffee, cocoa, rice, sugar cotton and copper, as well as 17 indices, oil, natural gas and stocks.
Minimum Deposit
The minimum initial deposit requirement to start trading with FXPace is not that high-100 USD. Although this is reasonable, traders are not advised to trade with this broke given the fact that it is unregulated.
Micro Trade Size
The minimum trade size allowed by FXPace is 0.01 lot.
Leverage
Leverage as high as 1:500 is basically as good as it can get and it surely will attract many traders despite the higher risk, associated with it.
Spreads & Commissions
Spreads, as tested with a demo account, started around 1.6 pips, which is more or less fine with a standard account.
Trading Platform Available
FXPace offers MT4 trading platform. The presence of MetaTrader4 has always been welcome. The platform is light, fast and highly reliable, featuring numerous market indicators and trading bots, with which you can run automated trading sessions.
Deposit& Withdrawal
Popular e-wallets like Neteller and Skrill are accepted as payment methods and that is a good news. Otherwise you can pay with major credit or debit cards like VISA and MasterCard, as well as bank wire.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Clone Firm Australia
- High potential risk
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