Introduction
Fxincognito.com is a new Forex broker that has been gaining popularity lately. But is this broker really as good as it seems? In this review, we will take a look at the pros and cons of FXIncognito.com, as well as what other traders have to say about it.
What is FXIncognito.com?
FXIncognito.com is an online forex and CFD broker that offers a wide range of tradable assets including currency pairs, stocks, indices, commodities and cryptocurrencies. The company is headquartered in Sofia, Bulgaria and is regulated by the Financial Supervision Commission (FSC). FXIncognito offers two account types – a standard account and a VIP account – and both come with a minimum deposit of $250. The standard account offers spreads from 3 pips on major currency pairs while the VIP account offers spreads from 2 pips. Both accounts offer leverage up to 1:200 and a minimum trade size of 0.01 lots.
There are no commissions charged on trades placed with FXIncognito. Instead, the company makes its money through the spreads it charges on each trade. Deposits and withdrawals can be made using a variety of methods including credit/debit cards, bank wire transfer and e-wallets such as Skrill and Neteller. Customer support is available 24/7 via live chat, email or telephone.
How Does FXIncognito.com Work?
FXIncognito.com is a new online foreign exchange trading platform that offers its users a unique and innovative way to trade the foreign exchange markets. The platform has been designed to be user friendly and extremely simple to use, yet still offer all of the features and functionality that experienced traders need.
The first thing you need to do is sign up for a free account. You will then be able to deposit funds into your account and start trading right away. The platform offers a demo account so you can try it out before you risk any real money.
FXIncognito.com uses a unique software that allows you to trade directly from your own personal computer or mobile device. The software is completely web based so there is no need to download anything.
Once you have deposited funds into your account, you can start trading immediately. The software will automatically place trades for you based on the parameters that you set. You can also manually place trades yourself if you prefer.
The beauty of FXIncognito.com is that it doesn’t matter where in the world you are, as long as you have an internet connection, you can trade the foreign exchange markets 24 hours a day, 7 days a week!
The Pros of FXIncognito.com
If you are looking for a reliable and reputable online broker, then you should definitely check out FXIncognito.com. This broker has been around for quite some time and has built up a solid reputation amongst traders. Here are some of the pros of using this broker:
-FXIncognito.com is a regulated broker. This means that they are subject to strict financial regulations and have to adhere to certain standards in order to operate. This provides traders with peace of mind knowing that their money is safe and secure with this broker.
-The trading platform offered by FXIncognito.com is very user-friendly and easy to use. Even beginners will be able to navigate their way around the platform with ease.
-There is a wide range of different tradable assets available on the FXIncognito.com platform, including major currency pairs, commodities, stocks, indices and more. So whatever your trading style or preference, you should be able to find something to suit your needs here.
-Customer support is excellent with FXIncognito.com. The team is always on hand to help answer any questions or queries you may have.
The Cons of FXIncognito.com
There are some definite cons to using FXIncognito.com that potential customers should be aware of before signing up for an account. One of the biggest complaints is that customer service is very poor and unresponsive, which can be a major issue if you run into any problems with your account.
Another big complaint is that the trading platform is very basic and limited, which can make it difficult to trade effectively. There are also reports of high spreads and slippage, which can eat into your profits. Overall, while there are somePros to using FXIncognito.com, the Cons definitely outweigh them and make it a less than ideal choice for forex traders.
Should You Use FXIncognito.com?
If you are looking for an online forex trading platform, you may have come across FXIncognito.com. In this FXIncognito review, we will take a look at the pros and cons of this platform to help you decide if it is the right choice for you.
Pros:
– FXIncognito offers a free demo account so you can test out the platform before committing to a real money account.
– The platform is very user-friendly and easy to navigate.
– There is a wide range of currency pairs available to trade on FXIncognito.
Cons:
– The spreads on FXIncognito are quite high compared to other forex brokers.
– There is no customer support available 24/7.
Conclusion
We have come to the end of our FXIncognito review and there are many things we like about this company. Overall, they offer great value for money, especially when you consider their low spreads and commission-free trading. They also have a wide range of tradable assets and provide a good selection of account types to suit different trader preferences. On the downside, we would like to see more transparency in their fee structure and some improvement in customer service response times. Nonetheless, they are a solid choice for forex trading and we recommend them as a broker worth considering.