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Prex Markets Limited
FIXIO
Bahamas
Pyramid scheme complaint
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Benchmark | -- |
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Maximum Leverage | 1:400 |
Minimum Deposit | US$20,000 |
Minimum Spread | 0.5 |
Products | -- |
Currency | -- |
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Minimum Position | 0.01 |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
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Maximum Leverage | 1:400 |
Minimum Deposit | US$20,000 |
Minimum Spread | 0.0 |
Products | -- |
Currency | -- |
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Minimum Position | 0.01 |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
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Maximum Leverage | 1:400 |
Minimum Deposit | US$5 |
Minimum Spread | 0.8 |
Products | -- |
Currency | -- |
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Minimum Position | 0.01 |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | -- |
---|---|
Maximum Leverage | 1:400 |
Minimum Deposit | US$5 |
Minimum Spread | 0.0 |
Products | -- |
Currency | -- |
---|---|
Minimum Position | 0.01 |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Capital
$(USD)
FiXi FX Review Summary | |
Registered Country/Region | Bahamas |
Regulation | SCB (Offshore) |
Market Instruments | FOREX, Index CFDs, Precious Metals, Energies, Soft Commodities, Crypto currency, Shares Bonds |
Demo Account | Available |
Leverage | 1:400 |
Spread | 0.0 pips for Standard ECN-RAW account |
0.8 pips for Standard STP/Premier ECN-RAW account | |
0.5 pips for Premier STP account | |
Trading Platforms | cTrader, MT5, Adventrade |
Trading Tools | Economic Calendar, MT5 Signal Trading, MT5 Expert Advisors, Copy Trading, Automated Trading |
Minimum Deposit | $5 |
Education Resources | Trading strategy, Tutorials |
Company Address | Balmoral Development # 4, Sanford Drive, Nassau, New Providence |
Customer Support | Tel: https://direct.lc.chat/14779239/ Email: support@fixifx.com; Live Chat; Contact Form |
FiXi FX is an offshore regulated foreign exchange (Forex) broker that offers trading services to clients interested in participating in the global currency markets, providing market instrument such as FOREX, Index CFDs, Precious Metals, Energies, Soft Commodities, Crypto currency, Shares Bonds.FiXi FX offers trading platforms, education resources, trading tools, and access to global markets.
Pros | Cons |
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Multiple Market Instruments: FiXi FX provides a wide range of instruments, such as FOREX, Index CFDs, Precious Metals, Energies, Soft Commodities, Crypto currency, Shares Bonds.
No Commission: FiXi FX does not impose any commission charges, making trading more cost-effective, thereby favouring its clients' profit margins
Offshore Regulated by SCB: FiXi FX currently only operates under the offshore regulation of the SCB. Be cautious while trading with any brokers without valid regulations.
Strict Regional Restrictions: The broker imposes strict geographical restrictions. They do not pro vide services for customers from the USA, China, Canada, UK, EU countries, Singapore, Bahamas, Sudan, Syria and North Korea.
Regulatory Sight: FiXi FX is currently under the offshore regulation of The Securities Commission of The Bahamas(SCB) (No. SIA-F255). Take care! Offshore regulation isn't equal to regulated well.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: Client funds deposited with FIXIO are held securely in a bank account that is segregated from FiXi FX's own funds. Upon receipt of your funds, FIXIO will promptly transfer them to one of their dedicated client fund accounts at one of the major financial institutions (liquidity providers) with which they have business relationships.
FiXi FX offers a diverse range of market instruments. In addition to providing access to the foreign exchange (FOREX) market, FiXi FX extends its offerings to include Index CFDs, Precious Metals, Energies, Soft Commodities, Cryptocurrencies, and Shares Bonds. This wide selection of instruments allows traders to diversify their portfolios and take advantage of opportunities across different asset classes.
FiXi FX offers both demo account and live account for its users. Demo accounts allow users to practice trading without risking real money. This can be beneficial for beginners or those who want to test the platform.
In addition to live account, there are four types of them.
Account Type | Minimum Deposit | Transaction Fee |
Standard ECN-RAW | $5 | Raw+$6 |
Standard STP | $0 | |
Premier ECN-RAW | $20,000 | Raw+$3.5 |
Premier STP | $0 |
Standard ECN-RAW account: This account allows you to trade directly through the interbank market. Ideal for customers who want to make high-value trades and scalping trades.
Standard STP: This account is suitable for traders looking for instant execution.
Premier ECN-RAW: This is a VIP-only account that allows traders to trade directly through the interbank market at competitive trading commissions. It is ideal for customers who want to trade in high volume or scalp trades.
Premier STP: This is a VIP-only account that allows traders to trade based on low spreads offered by Fixie's partner financial institutions. It is ideal for professional traders and customers who want to trade in the medium to long term.
Additionally, FiXi FX's transaction fee structure is worth considering, as it varies according to the account type. Specifically, for the Standard ECN-RAW account, a fee of Raw + $6 is applied. However, both the Standard STP and Premier STP accounts benefit from feeless transactions. But for the Premier ECN−RAW account, a rate of Raw+$3.5 is incurred.
It's crucial to bear these varying transaction fees in mind when choosing an account that best suits your trading needs and budget.
Go to FiXi FX's official website and click on “Demo Account”. Fill in your personal information such as your name, email and phone number, then create a password. Next, click on “Register”, then you have a demo account.
You can open a live account by clicking on “Open Live Account” , then fill in your basic information such as your name, email address and phone number. Once your account is verified, you can start utilizing the services offered by FiXi FX.
FiXi FX offers a high maximum leverage of 1:400 for all its account types, including Free Thinker, Eidos, and Stoic. This means that traders can control a position up to 400 times the amount of their deposited funds. It allows traders to control a larger position size with a smaller amount of capital, thereby magnifying both gains and losses.
FiXi FX is dedicated to providing a trading experience with low spreads.
Account Type | Spread |
Standard ECN-RAW | From 0 pips |
Standard STP | From 0.8 pips |
Premier ECN-RAW | |
Premier STP | From 0.5 pips |
Specifically, they offer a starting spread of 0.0 pips for their Standard ECN-RAW account - an extremely enticing feature for traders aiming to keep costs low. Moreover, they offer competitive starting spreads of 0.8 pips for both the Standard STP account and the Premier ECN-RAW account. For the Premier STP account, the starting spread is even lower, beginning at just 0.5 pips.
FiXi FX offers a selection of trading platforms to cater to the diverse needs and preferences of traders. The platform options include cTrader, MT5 (MetaTrader 5), and Adventrade, each with its unique features and functionalities.
cTrader is known for its user-friendly interface and advanced charting tools, providing traders with a seamless trading experience.
MT5 is a popular platform that offers a wide range of technical analysis tools, automated trading capabilities, and access to a vast selection of financial instruments.
Adventrade is another platform option provided by FiXi FX, offering traders a customizable trading environment and advanced order management features.
FiXi FX offers a selection of trading tools to assist traders in navigating the markets. These tools include an Economic Calendar, MT5 Signal Trading, MT5 Expert Advisors, Copy Trading, and Automated Trading.
The Economic Calendar helps traders track important economic events that may impact market movements.
MT5 Signal Trading allows traders to access signals from other traders, while MT5 Expert Advisors enable automated trading based on predefined rules.
Copy Trading lets less experienced traders follow and replicate trades of more successful traders.
Automated Trading allows traders to execute trades automatically based on set parameters.
FiXi FX offers a straightforward approach to account funding. An entry-level account can be opened with a deposit as low as $5, making it highly accessible for traders. When it comes to methods of deposit and withdrawal, FiXi FX is adaptable, offering both bank transfers and credit card transactions. However, credit card withdrawals are specifically available for matching credit card deposits and, if the deposit was made within the past 60 days, any withdrawal will be treated as a refund to the same card provided the deposit has been settled by that card.
The brokerage does not charge internal fees for deposits or withdrawals, which adds to the budget-friendly aspect of their service. However, potential transfer fees from international banking institutions are a customer's responsibility.
Refunds are manageable through the client area upon login, and they are typically processed swiftly within a 10-minute window after request submission. Yet, third-party fund transfer rules require that the name on the bank account matches the name on the trading account. This policy secures smoother transactions without legal complications.
FiXi FX provides educational resources in the form of trading strategies and tutorials to support traders in their journey towards becoming more informed and skilled market participants.
The platform offers a range of trading strategies that cater to different trading styles and objectives, helping traders develop a structured approach to analyzing the markets and making trading decisions.
Additionally, FiXi FX offers tutorials that cover various aspects of trading, such as technical analysis, fundamental analysis, risk management, and trading psychology.
FiXi FX offers comprehensive customer support to its clients.Clients can reach out to FiXi FX through various channels.
Contact Form
Telephone: Clients can call them at https://direct.lc.chat/14779239/ for any queries.
Email: The firm offers assistance through email atsupport@fixifx.com.
Live Chat: Live chat is available for clients who prefer a quick and instant response.
The company also provides its physical address, Balmoral Development # 4, Sanford Drive, Nassau, New Providence
In summary, FiXi FX offers a range of market instruments, trading tools, educational resources, and trading platforms to cater to the needs of traders. While the brokerage provides access to various financial markets and tools to enhance trading strategies, some traders may find the platform complex to navigate. Despite these areas for potential enhancement, FiXi FX remains a viable option for traders looking to access a diverse range of markets and utilize advanced trading tools to support their trading activities.
Question: What are the market instruments offered by FiXi FX?
Answer: FiXi FX offers FOREX, Index CFDs, Precious Metals, Energies, Soft Commodities, Crypto currency, Shares Bonds.
Question: Is FiXi FX a regulated broker?
Answer: Yes, FiXi FX is offshore regulated by SCB.
Question: Does FiXi FX offer demo accounts?
Answer: Yes.
Question: Whats the minimum deposit does FiXi FX require?
Answer: $5.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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