Introduction
Looking for an online broker that offers forex trading? Then you might want to check out FXBot247.com. In this review, we’ll take a look at the broker’s regulation, platforms, pros and cons, and traders’ ratings.
What is FXBot247.com?
FXBot247.com is an online broker that offers forex and CFD trading. The company is headquartered in the United Kingdom and is regulated by the Financial Conduct Authority (FCA). FXBot247.com offers the MetaTrader 4 and WebTrader trading platforms. The company has a leverage of up to 1:200 and a minimum deposit of $100.
The company provides 24/5 customer support through live chat, email, and phone.
Regulations
When it comes to choosing a forex broker, one of the key considerations is regulation. FXBot.com is regulated by the Financial Conduct Authority (FCA), which is widely considered to be one of the most reputable regulatory bodies in the industry.
The FCA requires brokers to meet certain standards in order to operate, and they are subject to regular audits and inspections. This provides a high level of protection for traders, and gives them peace of mind that their broker is operating lawfully.
In addition to being regulated by the FCA, FXBot.com is also a member of the Financial Services Compensation Scheme (FSCS). This scheme protects traders’ funds up to a maximum of £50,000 in the event that FXBot.com becomes insolvent.
Overall, regulation is one of the key strengths of FXBot.com, and gives traders confidence that they are dealing with a reputable and trustworthy broker.
Platforms
There are three main types of platforms that FXBot.com offers its users: the MetaTrader 4 (MT4) platform, the WebTrader platform, and the mobile trading platform.
The MT4 platform is a widely used trading platform that is available for download on PC, Mac, and mobile devices. It is user-friendly and offers a variety of features, including charting tools, technical indicators, and Expert Advisors (EAs).
The WebTrader platform is an online trading platform that can be accessed from any web browser. It is simple to use and does not require any software download or installation.
The mobile trading platform is available for iOS and Android devices and allows you to trade on the go. It has all the features of the WebTrader platform but is optimised for smaller screens.
Pros and cons
There are many things to consider when choosing a forex broker. One important factor is regulation. FXBot.com is regulated by the Financial Conduct Authority (FCA) in the UK. This means that it is subject to strict financial regulations and must meet certain standards of conduct.
Another important factor to consider is the platform that the broker offers. FXBot.com offers the MetaTrader 4 (MT4) platform, which is one of the most popular forex trading platforms in the world. It is user-friendly and provides all the features and tools that traders need to be successful.
Pros:
-Regulated by the Financial Conduct Authority (FCA) in the UK
-Offers the MetaTrader 4 (MT4) platform
-User-friendly platform with all the features and tools that traders need
Cons:
-Not available to US residents
Traders ratings
When it comes to online trading, one of the first things you need to consider is the broker’s regulation. In this FXBot.com review, we will take a look at the company’s regulation, platforms, pros and cons, as well as traders ratings.
FXBot.com is a Cyprus-based broker that is regulated by the Cyprus Securities and Exchange Commission (CySEC). The company offers two account types – Standard and VIP – with leverage of up to 1:500 and spreads from 0.1 pips.
The broker provides the popular MetaTrader 4 (MT4) trading platform for desktop and mobile devices. In addition, FXBot.com offers a web-based trading platform called Web trader 2.0 that is compatible with all browsers and operating systems.
Pros:
– Regulated by CySEC
– MetaTrader 4 (MT4) available
– Web trader 2.0 also available
– Leverage of up to 1:500
– Spreads from 0.1 pips
Cons:
– No US clients accepted
Conclusion
All in all, we can say that FXBot247 is a great broker with top-notch platforms and regulations. The company has been around since 2010 and has managed to build up a good reputation among traders. We would definitely recommend this broker to anyone who is looking for a reliable and trustworthy provider.