On-line since: About the company: FXPremax offers a little over 70 trading instruments including Forex, spot oil and metals, CFDs for major indices. About Company. Safety of funds. The broker claims to be licensed by the FSA of Saint Vincent and the Grenadines. Many brokers prefer this offshore zone due to the fast registration process, low minimum fees, and more loyal control. Even though the FSA intends to meet European standards, experts judge it to be a regulator with a low level of protection. Therefore, think twice before investing in offshore brokers, especially if an amount is large. Considering the language versions of the website, FXPremax mainly targets customers from South and Southeast Asia. Trading terms FXPremax offers four types of live accounts. It also has a non-swap option that can be activated for any type of account at the request of the trader for religious reasons. In addition, the company provides free-of-charge demo accounts. PAMM-accounts are available as well. Minimum deposit You can start trading on any account with only 1 cent, but it will not bring any notable profit. However, it will suit newbies and traders who are busy developing their strategies. Spreads and commissions FXPremax offers floating spreads. An average spread for the popular EUR/USD pair is 1.9 pips. This option is rather good, although some brokers have even smaller spread for this pair. Leverage
Trading platforms The broker offers popular MT4 chosen by millions of traders worldwide. This platform is known for its great package of charts, adjustable analytical tools, back-testing, and attractive automated strategies – expert advisors (ЕAs). Even though MetaQuotes has launched a new version of software – MetaTrader 5, MT4 remains the most popular trading platform for Forex. Special services Forex Copytrader is a service for social trading that enables newbies or people who do not have much time for trading on Forex make money by coping deals of other market players. A rating of the most successful traders with a history of their transactions is displayed on the main page of the website. Customer service Questions can be addressed by phone (for four regions: Russia, the UK, Hong Kong, Malaysia), Skype, and email. Payment options There are a lot of ways to top up the accounts with FXPremax. The broker accepts payments via bank transfer through local deposits in some countries. It is also possible to make a payment through international bank transfers and online payment systems, such as Neteller, Skrill, OKPay, UnionPay, and FasaPay. Criticism by traders Traders left quite a lot of positive comments regarding their work with FXPremax. However, we find these dozens of too sweet comments doubtful, while the broker does not share anything about its history and remains in the offshore zone under weak supervision. Advantages:
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FxPremax platform gave me an awful experience in the market. As the web Trader platform isn't comfortable and order execution delay. While their platform is Integrated with many trading tools, I can't set up an EA. Even the spread could have risen in the high volatility market. FxPremax has no authorization too, So they are unsafe for my business, really I have shocked after Investing with the FxPremax broker.
FxPremax is a recommended broker. Their platform is great, I use their MT4 and it's always smooth, execution is fast, easy to use, and fixed spread. The leverage also high and competitive. Customer support also helpful and always available when I need a help. Joining FxPremax is profitable, I have made profits 3 times in 5 months and it is always easy to withdraw because they process it on time. The charge is small and they don't take a hidden commission. I will definitely stay with FxPremax and get more profit.
FxPremax demo account is fine, the execution is almost instant, but the real account usually takes 20-30 seconds to execute the order, everyone knows that's a big barrier for a day trader. The customer support was good but the spreads on major currency pair is much too wide.
One of my friends suggested me to open an account at FXPremax. He said that FXPremax is a good and reliable broker. The first time, I open a demo account. I was using a demo account for three months. After that, I open a real account. I'm so satisfied to trade with them because real account has the same conditions as in demo account. The platform is working perfectly, with good spreads and useful tools. They always provide a way that makes my trading without obstacles. I have earned a profit of around $1500 since I joined them. The withdrawal process also quick and efficient with low cost. Totally satisfied to trade with FXPremax.
Opening an account at FxPremax was a sudden decision. I simply wanted to try trading and since the broker does not have a limit on the minimum deposit, I gave it a shot. Then I found out that this broker offers great deals and services. With this, I decided to pursue trading and studied a lot about it. Now, I can say that I am earning well.
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