Introduction
FX Bullion is an online broker that offers a wide range of trading services, including forex, CFDs and precious metals. The company is headquartered in Dubai and is regulated by the Dubai Financial Services Authority (DFSA). In this FX Bullion review, we will take a look at the pros and cons of this broker to help you decide if they are the right fit for you. We will also provide traders ratings to give you an idea of what others think of this broker.
Pros of FX Bullion
There are many reasons why investors might choose to trade FX Bullion, but some of the most popular reasons include the following:
1. Variety: FX Bullion offers a wide variety of products, including major and minor currency pairs, precious metals, and global indices. This variety gives investors more opportunities to find trades that fit their investment goals.
2. Technology: FX Bullion has invested heavily in technology, and it shows. The platform is user-friendly and packed with features that make trading easier and more efficient.
3. Safety: FX Bullion is regulated by the Financial Conduct Authority (FCA), which provides an extra layer of protection for investors. In addition, all client funds are held in segregated accounts at tier-1 banks.
4. Customer service:FX Bullion’s customer service is excellent, with 24/5 support available through live chat, email, and phone.
Cons of FX Bullion
When it comes to trading FX bullion, there are a few potential drawbacks that traders should be aware of. First and foremost, the high degree of leverage associated with this type of trading can result in significant losses if trades go against the trader’s position. Secondly, the FX market is highly volatile and subject to sudden changes in direction, which can make it difficult to manage risk effectively when trading FX bullion. Finally, because bullion is a physical commodity, it is subject to storage and transport costs, which can eat into profits.
Trader Rating for FX Bullion
Reviews and ratings for FX Bullion are positive overall. However, some traders have complained about the customer service and platform issues. The company has been around for a few years and is regulated by the Financial Conduct Authority (FCA) in the UK. Overall, FX Bullion is a good choice for forex and CFD trading.
The minimum deposit is $100 and the leverage goes up to 1:200. Spreads are floating and start at 2 pips on EUR/USD pair. The company offers trading in more than 50 currency pairs as well as precious metals, energies, stock indices, and cryptocurrencies.
FX Bullion has a proprietary web-based platform that is available in English only. It is user-friendly but lacks some features that are found on other platforms such as advanced charting tools. The mobile app is also simple to use but it lacks some features found in other apps such as push notifications.
Customer service is available 24/5 via live chat, email, and telephone but some traders have complained about the quality of service. Overall, FX Bullion is a good choice for forex and CFD trading but there are some things that could be improved such as adding more features to the platform and increasing the quality of customer service.
Conclusion
FX Bullion is a great choice for those looking for a reliable and user-friendly online trading platform. The company offers a wide range of features and tools that make it easy to get started with forex trading, and the customer support team is always on hand to help if you need it. Overall, we would highly recommend FX Bullion to anyone who is interested in getting started with online forex trading.