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FXBankseeding
United Kingdom|2-5 years| https://fxbankseeding.com/
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FXBank Group
FXBankseeding
United Kingdom
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
- The CyprusCYSEC regulation (license number: 178/12) claimed by this broker is suspected to be clone. Please be aware of the risk!
- The United KingdomFCA regulation (license number: 730729a) claimed by this broker is suspected to be clone. Please be aware of the risk!
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FXBankseeding · Company Summary
| FXBankseedingReview Summary | |
| Founded | 2-5 years |
| Registered Country/Region | United Kingdom |
| Regulation | Suspicious Clone |
| Market Instruments | Forex, Commodities, Indices, Stocks, and Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:2000 |
| Spread | As low as 0 |
| Trading Platform | MT4 |
| Min Deposit | $100 |
| Customer Support | Email: fxbseeding@gmail.com |
FXBankseeding Information
FXBankseeding is a Suspicious Clone broker that provides various trading instruments including forex, commodities, indices, stocks, and cryptocurrencies. The maximum leverage of FXBankseeding is 1:2000. FXBankseeding also offers standard accounts with spreads of 1 pips and ECN accounts with commissions of $1 per lot.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:2000 | Suspicious Clone |
| ECN and MT4 available | Only email contact |
| Have demo accounts | Leverage up to 1:2000 |
| Various trading instruments: Forex, Commodities, Indices, Stocks, and Cryptocurrencies | |
| Spreads as low as 0 |
Is FXBankseeding Legit?
FXBankseeding is a Suspicious Clone even though it claims to be regulated by the FCA and CySEC with license numbers 730729a and 178/12 respectively.
What Can I Trade on FXBankseeding?
Forex, commodities, indices, stocks, and cryptocurrencies are FXBankseeding's tradable Instruments. Forex involves trading currency pairs divided into primary, secondary, and exotic. Traders, without owning the underlying assets, can trade commodities, indices, stocks, and cryptocurrencies through CFDs.
| Tradable Instruments | Supported |
| Forex(Currency Pairs) | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Precious Metals | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
FXBankseeding provides standard and ECN accounts. The standard account's leverage is up to 1:2000, while the ECN account's is 1:200. Both accounts offer demo accounts.
| Account Type | Standard | ECN |
| Maximum Leverage | 1:2000 | 1:200 |
| Minimum Spread(pips） | 1 | 0 |
| Minimum Deposit($) | 100 | 100 |
| Commission($, per lot) | 0 | 1 |
| Demo Account | yes | yes |
FXBankseeding Fees
The standard account does not require commission but the minimum spread required is 1pips, while the ECN account does not require spread but the commission is $1 per lot.
Leverage
The maximum leverage is 1:2000 meaning profits and losses will be expanded 2,000 times.
Trading Platform
FXBankseeding supports traders using MT4, which is more suitable for novices than MT5.
| Trading Platform | Supported |
| MT4 | ✔ |
Deposit and Withdrawal
The minimum spread is $100, which is a relatively low deposit. FXBankseeding offers a variety of payment methods such as credit/debit cards, bank wire transfers, and e-wallets.
Credit/Debit cards include Visa、Mastercard、Maestro、American Express、and UnionPay, while e-wallets include Skrill、Neteller、WebMoney、FasaPay. Bank wire withdrawals require a $25 handling fee. Deposits are usually processed within 24 hours, while withdrawals can take up to 5 working days.
Customer Support Options
FXBankseeding only accepts email contact, which means that traders in emergencies need more time than phone calls and online chats.
| Contact Options | Details |
| fxbseeding@gmail.com | |
| Supported Language | English |
| Website Language | English |
| Physical Address | Not mentioned |
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