FXLinks is a global brokerage company who provides financial trading in more than 2,000 instruments including forex, metals, indices, energies, US stocks and cryptos. The company offers demo account for practicing and allows for copy trading. It claims to offer the well-acclaimed MT5 platform but there's no download link on its website. Moreover, the company currently operates without regulation from any authorities, further degrades its credibility and reliability.
Pros and Cons
Is FXLinks Legit?
FXLinks is not regulated by any financial authorities so far, which you should take into consideration before tapping into real trades with them, since lack of regulation usually means less financial security and customer protection.
What Can I Trade on FXLinks?
On its website, FXLinks claims to offer trading for more than 2,000 market instruments mainly in 5 asset classes: forex, indices, commodities, stocks and cryptocurrencies.
-Forex: Allows investors to make profit or loss through price fluctuations of different currency pairs.
- Commodities: FXLinks offers commodity trading in precious metals and energy products.
- Indices: Common indices include Dow Jones, Nasdaq, SP500, Nikkei 225 etc.
- Cryptocurrency: Investors have access to the most volatile yet dynamic crypto market with FXLinks. Popular choices include BTC, ETH, LTC.
- Stocks: Stock represent partial ownership in a company, giving shareholders a claim on its assets and profits.
Brokers constantly expand or obsolete products to catch up with market changes, always check the most updated information from their website.
Account Type
From its one-page website, we can only get the information that the broker offers a demo account and 3 live accounts: ECN, Standard and Standard Plus. No more valid and useful information can be found. We can only know that leverage for all accounts is 1:200.
Trading Platform
FXLinks claims to offer the world-renowned MetaTrader 5 platform, which is popular for its comprehensive functions with fast trade excution, order tracking and built-in anlysis charting tools. However, there's no download link on its website and from the scarce information on its website, we are not even sure if the claim is true or not.
Customer Support
Though its website is available in 8 languages, the company does not provde regular customer support channels at all- with common methods such as phone, email are not available at all. So far we can only click the Telegram link at the right corner of its website and start chatting with their representative.
The Bottom Line
Though FXLinks is said to offer a wide selection of 2,000+ investment options for traders to diversify their investment portofolio, we can almost conclude that the company might be a scam broker, as follows:
Their one-page website is accessible, but is not informative at all, with only very limited information about its account details, trading conditions etc. Furthermore, the company is not supervised by any regulatory bodies, further impair their reliability. Worst of all, there's no contact window to connect with them except for a Telegram link.
Be cautious and stay away from such unreliable broker.
FAQs
Is FXLinks safe?
No, we cannot say FXLinks is safe because it's not regulated by any recognized authorities so far and maintains only .
Is FXLinks good for beginners?
No, FXLinks is not suitable for beginners. The unregulated status indicates less compliance to industry standards and there's limited customer support.
What trading platform does FXLinks have?
FXLinks claims to offer the world most popular MT5 platform for trading, but it's not for sure.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
