Are you looking to get into trading? In this article, we’ve discussed why you should start trading CFDs on Forex with FXVC , which is one of the leading CFD brokers. You’ll also find out about all the features and whether this is a reliable broker.
January 20, 2020 | AtoZ Markets – Foreign exchange or Forex, is a marketplace where you can exchange currencies with each other. Forex trading is legal as it is supported by a centralized government.
Forex market is considered one of the largest liquid assets trading markets in the world. Many people consider trading CFDs on Forex due to its promising trading opportunities.
As you read on, you see why ambitious individuals choosing to trade with FXVC.
What is FXVC?FXVC is a CFD brokerage firm established in 2014 and is an official Leeds United Platinum Partner.
This online broker offers to its clients the ability to trade CFDs on more than 200 underlying instruments, including Forex, Cryptocurrencies, Commodities, Stocks, and Indices. All of these instruments can be traded on the FXVC trading web platform which is available on the website, with fully customizable charts, high-speed execution, customer service support, and cutting-edge trading tools. FXVC also provides to its clients with a low-latency environment that is backed by extensive price feeds.
We have stated five reasons below why FXVC is a top choice for traders below and they include:
5 reasons you should start Forex trading with FXVC
We have stated five reasons below why FXVC is a top choice for investors below and they include:
1# FXVC is CySEC regulated
FXVC is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the name Finteractive Ltd (ex.Centralspot Trading Ltd) , as confirmed on the CySEC register below:
CySEC is among the most strict regulators when it comes to online brokerage firms. The Cypriot watchdog aims to supervise and control licensed companies that offer investment and CFD services. CySEC is an EU member state and its financial regulations and operations comply with the European MiFID financial harmonization law.
2# 200+ trading instruments
FXVC offers users the ability to trade on more than 200 financial CFD financial instruments covering Forex, Stocks, Indices, Cryptocurrencies, and Commodities.
We have listed below some of the available markets you can start trading with FXVC:
3# Trading platform
FXVC offers users the ability to trade on its own proprietary, web-based trading platform. The platform is designed with different features and benefits, such as:
- Simple to use and navigate
- Can trade on multiple asset classes
- A range of viewable chart styles and timeframes
- Access different technical trading indicators
- Clean and simple charting capabilities
From the broker’s online, web platform users can trade as well as manage their accounts.
4# Trading accounts
FXVC offers clients 5 different account options to choose from. This includes Bronze, Silver, Gold, Platinum, and VIP account. The minimum deposit starts from $250 on the Bronze account. For clients who are considered non-professional, the maximum leverage allowed is from 1:2 to 1:30, depends on the underlying asset.
Here are the minimum deposits required for each account:
- Bronze: €250
- Silver: €10,000
- Gold: €25,000
- Platinum: €100,000
- VIP: €250,000
Interestingly, FXVC lets its clients to experience Market Buzz, an Artificial Intelligence tool that shows exactly where the buzz is. With its excellent visual design, this tool helps you identify market opportunities.
However, Market Buzz is only available to Silver, Gold, Platinum, and VIP account holders.
FXVC takes seriously the responsibility to protect user’s information and funds. As a result, the brokerage firm has incorporated SSL encryption in its PC and mobile platforms to help secure the personal information of their clients.
As required by CySEC, FXVC segregates clients’ funds from company’s funds and offering a negative balance protection for retail clients. Notably, this broker is also a member of the Investor Compensation Fund. When it also comes to deposits and withdrawals, this broker implements equivalent level of security as the banking industry.
What is more, as part of their efforts to combat identity theft and money laundering, FXVC requires clients to fully cooperate with Know Your Customer (KYC) guidelines established by regulatory authorities.
6# Deposit & withdrawals methods
FXVC offers users the ability to deposit funds commission-free in EUR / USD / GBP, from the following methods: Mastercard, Visa, Maestro, Skrill, Paysafecard, EPS, Ideal, Sofort, Wire Transfer, Trustly, Neteller, EuTeller, Giropay, and PayPal.
Users can also withdraw funds via these payment methods with processing times of 24 hours.
While the process of depositing with FXVC is quite simple, the time needed for funds to be transferred varies depending on your preferred payment Most methods. While some funding times are instant others may take 2-5 business days.
From the foregoing, we believe you have seen reasons why you should start Forex trading with FXVC. This broker is regulated by CySEC, we recommend that potential clients have a closer look at what they offer before deciding to dismiss the broker.
Think we missed something? Let us know in the comment section below.