Introduction
FXStay is a forex and CFD broker that offers a wide range of tradable assets, including major and minor currency pairs, precious metals, energies, stock indices, and cryptocurrencies. The company is headquartered in London, UK and is regulated by the Financial Conduct Authority (FCA). In this FXStay review, we will take a look at the broker’s regulation, platforms, instruments and user ratings. We will also discuss the pros and cons of trading with FXStay.
Company History and Regulation
FXStay is a Forex broker that was founded in 2004. The company is headquartered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). FXStay offers the MetaTrader 4 and Sirix trading platforms. The broker provides its clients with a wide range of currency pairs, CFDs, and metals for trading.
FXStay has been providing online Forex trading services for over 15 years. The company is one of the pioneers in the industry and has helped shape the development of the online Forex trading market. Over the years, FXStay has built a strong reputation as a reliable and trustworthy broker. The company has always strived to provide its clients with the best possible trading conditions and customer service.
In recent years, FXStay has expanded its product offering to include CFDs on a range of asset classes including indices, commodities, and cryptos. The broker also offers an exclusive social trading platform called Sirix which allows clients to copy the trades of successful traders.
FXStay is committed to providing its clients with a safe and secure trading environment. The broker utilises state-of-the-art security technologies to protect its client’s funds and personal data. All client funds are segregated in accordance with CySEC regulations. FXStay is also a member of the Investor Compensation Fund (ICF) which provides protection for client funds up to €20,000 in case of bankruptcy or liquidation of the brokerage firm.
FXStay Trading Platforms
When it comes to trading platforms, FXStay has a lot to offer. For starters, they have the industry standard MetaTrader 4 platform which is available for desktop, web and mobile devices. They also have the option of using the cTrader platform which is a bit more advanced and offers more features than MT4.
In addition to these two main platforms, FXStay also offers a variety of other trading platforms including some that are designed for specific types of traders. For example, they have a platform for social traders that allows them to copy the trades of other successful traders. They also have a platform for scalpers that offers very tight spreads and fast execution speeds.
No matter what type of trader you are or what your trading style may be, there is a good chance that FXStay has a platform that will suit your needs. This is just one more reason why they are one of the best brokers in the business.
FXStay Instruments and User Ratings
FXStay is a broker that is regulated by the Cyprus Securities and Exchange Commission (CySEC). They offer the MetaTrader 4 trading platform and a wide range of CFD instruments. User ratings for FXStay are generally positive, with many users praising the broker for their low spreads and fast execution speeds.
Pros and Cons of FXStay
When it comes to online trading, there are a lot of platforms and brokers to choose from. So, how do you know if FXStay is the right one for you? In this review, we’ll go over the pros and cons of this broker to help you make an informed decision.
Pros:
– FXStay is a well-regulated broker with a valid license from the Cyprus Securities and Exchange Commission (CySEC).
– The broker offers a variety of trading platforms including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
– A wide range of financial instruments are available for trading including forex pairs, CFDs on indices, commodities, stocks, and cryptocurrencies.
– User ratings on major review sites are generally positive with many happy customers praising the customer service and overall experience with the broker.
Cons:
– Some users have complained about delays in withdrawals which can take up to 5 business days to process.
– The minimum deposit required to open an account is $500 which may be too high for some traders.
Conclusion
Overall, we were quite impressed with FXStay. They are a well-regulated broker that offers a great selection of platforms and instruments for their clients. Their user ratings are also very good, which is always a positive sign. We would definitely recommend giving them a try if you are looking for a new broker.