General Information
FiXi FX Is An Offshore Regulated Foreign Exchange (Forex) Broker That Provides Trading Services To Clients Interested In Participating In The Global Currency Market. It Provides Market Tools Such As Forex, Index CFDs, Precious Metals, Energy, Soft Commodities, Cryptocurrencies, Equity Bonds, Etc. FiXi FX Provides Trading Platforms, Educational Resources, Trading Tools, And Access To Global Markets.
Pros And Cons
Pros
Multiple Market Tools: FiXi FX Provides Multiple Tools Such As Forex, Index CFDs, Precious Metals, Energy, Soft Commodities, Cryptocurrencies, Equity Bonds.
No Commission: FiXi FX Does Not Charge Any Commission Fees, Making Trading More Cost-effective And Beneficial To The Client's Profit Margin
Disadvantages
Regulated Offshore By SCB: FiXi FX Is Currently Only Operating Under SCB's Offshore Supervision. Be Cautious When Trading With Any Broker That Is Not Effectively Regulated.
Strict Regional Restrictions: This Broker Imposes Strict Geographical Restrictions. They Do Not Serve Clients From The United States, China, Canada, United Kingdom, European Union Countries, Singapore, Bahamas, Sudan, Syria, And North Korea.
Is FiXi FX Legit Or A Scam?
Regulation: FiXi FX Is Currently Under Offshore Regulation By The Bahamas Securities Commission (SCB) (No. SIA-F255). Please Note! Offshore Regulation Is Not The Same As Good Regulation.
User Feedback: Users Should Review Reviews And Feedback From Other Clients To Get A More Complete Picture Of The Broker Or Look For Comments On Reputable Websites And Forums.
Security Measures: Client Funds Held At FIXIO Are Held In Separate Bank Accounts From The FiXi FX Equity Fund. Upon Receipt Of Your Funds, FIXIO Will Immediately Transfer Them Into One Of Its Dedicated Client Funds Accounts With One Of The Major Financial Institution Group (liquidity Providers).
Market Tools
FiXi FX Offers A Diverse Range Of Market Tools. In Addition To Providing Access To The Foreign Exchange Market, FiXi FX Has Expanded Its Product Range To Include Index CFDs, Precious Metals, Energy, Soft Commodities, Cryptocurrencies, And Equity Bonds. This Wide Selection Of Tools Enables Traders To Diversify Their Portfolios And Take Advantage Of Opportunities Across Different Asset Classes.
Account Types & Fees
FiXi FX Offers Users Demo And Real Accounts. The Demo Account Allows Users To Practice Trading Without Taking Real Risks. This Is Very Beneficial For Beginners Or People Who Want To Test The Platform.
There Are Four Types Of Accounts In Addition To The Live Account.
Standard ECN-RAW Account: This Account Allows You To Trade Directly Through The Interbank Market. Suitable For Clients Who Wish To Make High-value Trades And Scalp Trades.
Standard STP: This Account Is Suitable For Traders Looking For Instant Execution.
Advanced ECN-RAW: This Is A VIP-only Account That Allows Traders To Trade Directly Through The Interbank Market With Competitive Trading Commissions. Suitable For Clients Who Wish To Make Large Trades Or Scalp Trades.
Premium STP: This Is A VIP-only Account That Allows Traders To Trade Based On The Low Spreads Offered By Fixie Partner Financial Institution Group. Suitable For Professional Traders And Clients Who Wish To Trade In The Medium To Long Term.
Also, FiXi FX's Trading Fee Structure Is Worth Considering As It Varies Depending On The Account Type. Specifically, For Standard ECN-RAW Accounts, A Fee Of Raw + 6 Dollars Will Be Charged. However, Both Standard STP And Premium STP Accounts Enjoy No-fee Trading. But For Premium ECN-RAW Accounts, A Fee Of Raw + 3.5 Dollars Will Be Charged.
When Choosing The Account That Best Fits Your Trading Needs And Budget, Be Sure To Keep These Different Trading Fees In Mind.
Leverage
FiXi FX Offers A High Leverage Ratio Of Up To 1:400 For All Account Types, Including Free Thinker, Edith, And Stoic. This Means That Traders Can Control Positions Up To 400x Their Deposited Funds. It Allows Traders To Control Larger Position Sizes With Less Capital, Thus Magnifying Profits And Losses.
Spreads
FiXi FX Is Committed To Providing A Trading Experience With Low Spreads.
Specifically, They Offer A Starting Spread Of 0.0 Pips For Standard ECN-RAW Accounts, Which Is Very Tempting For Traders Looking To Cut Costs. In Addition, They Also Offer A Competitive Starting Spread Of 0.8 Pips For Standard STP Accounts And Premium ECN-RAW Accounts. For Premium STP Accounts, The Starting Spread Is Even Lower At Just 0.5 Pips.
Trading Platform
FiXi FX Offers Multiple Trading Platforms To Meet The Diverse Needs And Preferences Of Traders. Platform Options Include CTrader, MT5 (MetaTrader 5), And Adventrade, Each With Unique Features And Functionalities.
CTrader Is Known For Its User-friendly Interface And Advanced Charting Tools That Provide 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 Large Number Of Financial Instruments.
Adventrade Is Another Platform Option Offered By FiXi FX, Providing Traders With A Customizable Trading Environment And Advanced Order Management Features.
Deposits And Withdrawals
FiXi FX Provides An Easy Way To Deposit Funds Into An Account. Entry-level Accounts Can Deposit A Minimum Of 5 Dollars, Ideal For Traders. FiXi FX Is Flexible When It Comes To Deposit And Withdrawal Methods, Offering Bank Transfers And Credit Card Transactions. However, Credit Card Withdrawals Are Only Applicable If They Match A Credit Card Deposit, And If The Deposit Has Been Made Within The Last 60 Days, Any Withdrawal Will Be Considered A Refund To The Same Card, Provided That The Deposit Has Been Settled By That Card.
This Brokerage Does Not Charge Internal Fees For Deposits Or Withdrawals, Which Adds To The Affordability Of Their Service. However, Potential Transfer Fees From International Banking Institutions Are The Responsibility Of The Client.
Refunds Can Be Managed After Logging In Through The Client Area And Are Usually Processed Quickly Within 10 Minutes Of Submitting The Request. However, The Third-party Funds Transfer Regulations Require That The Name On The Bank Account Be Matched With The Name On The Transaction Account. This Policy Ensures The Smooth Running Of Transactions And Avoids Legal Disputes.
Customer Support
FiXi FX Offers Comprehensive Customer Support To Its Customers. Customers Can Contact FiXi FX Through Multiple Channels.
Contact Form
Phone: Customers Can Https://direct.lc.chat/14779239/contact Them To Resolve Any Issues.
Email: The Company Offers Assistance Via Support@fixifx.com Email.
Online Chat: Online Chat Service For Customers Who Prefer Quick And Instant Responses.
The Company Also Provides Its Physical Address: Balmoral Development #4, Sanford Drive, Nassau, New Providence