FXPin Brokers was an unlicensed Forex and binary options broker that opened in February 2017, owned by Jmax Financial, LTD. FXpin lists their address as: Suite 4336, Mitchell House, 5 Mitchell Street, Edinburgh, UK EH6 7BD. Their email address is [email protected], and Contact phone numbers for this broker are; United Kingdom: +44 203 807 5073
You can read the usual broker complaints see here.
FXpin Broker Review
The Forex and Binary trading software that FXpin is using for trading is called Airsoft. Look at the screenshot below to see how the software looks. You will have a wide variety of assets available to trade. Trading is available on Forex, Commodities, Stocks, Indices, ETF, and Bonds. They have three binary options types called Short Term, Long Term & Count Down. The options are they regulars high/low binary options with varying expiry times. Time ranges from 60 seconds to as far out at six months.
FXpin’s website and trading platform is available in English, Spanish and Arabic, and the minimum deposit required for new accounts is $250.
No Trading Robots Allowed
WARNING!
If you plan on using auto trading robots, you will get scammed, see why.
According to section 2 of their Acceptable Use Policy, You May Not Use, Under Any Circumstances, Any Software Which Automatically Accesses Or Operates On FXPIN’s Systems, Websites Or Systems, Unless Such Software Is Officially Provided By FX Pin.
Investors are given play money bonuses in their trading account as a percentage on your first deposit. Bonus money is the largest reason for complaints against brokers, because people do not understand the conditions attached to it. Before you accept a bonus, make sure you read the terms and conditions for full details.
FXPin License Check
The Scam Broker Investigator uses a simple test to review new Forex and binary options brokers to see if they are a legal company or another scam broker. The first thing we look to see is if they are licensed and regulated by the FCA in United Kingdom, CySEC in Cyprus, or ASIC Australia.
On October 26th 2015, FINRA published an investor alert regarding offshore binary options brokers. Read the alert on FINRA’s website here.
FXpin is not a licensed broker. You may want to consider the many licensed and regulated brokers available, look here.
Are you an existing client of this broker, please share your experience with the other investors reading this review, in the comments section below.