FXVC Broker Reviews
FXVC is an international CFD broker, which began operations in August 2018. FXVC offers their day traders and Forex investors, the popular CFD trading platform called TraderSoft.
Available for trading are hundreds of underlying assets from Crypto, Forex, Stocks, Commodities and Market Indices. The trading platform has three sections for CFD, Forex, Simply Forex and Crypto. Standard leverage on Forex pairs like EUR/USD is 30:1, and the spread is 3 pips. Bitcoin, Litecoin, Ethereum and Ripple CFD’s are listed on the Dollar and Euro. Investors will quickly see that this broker offers a web based desktop trading platform, along with mobile apps.
Minimum deposit for a live trading account starts at €250. If you are looking for an MT5 broker, look here.
Crypto Trading App Scams
Many new investors signup with a broker automatically from a “Get Rich Quick” trading app like Bitcoin Trader. It is important to know, that they trading apps are not available, and are substituted with a “money manager”.
Legally, brokers offering CFD trading, are not allowed to manage your funds, and since 70% of clients lose money, odds are that your money manager will lose your money too. Before trusting someone else with your money, read more about the Crypto Trading Scam.
Is FXVC a Legit Broker?
When Forex investors research a new broker to determine if the broker is a legitimate company, or a scam broker, they always check for a valid license. When you see that a broker has a license and you have verified it with their governments regulator, like CySEC in Cyprus, you know they are legit.
Depending on your country of residence, determines which regulator the broker answers too.
- Global Clients are trading with Gstaad Brokers Ltd, Office 1 Room 5, Second Floor, Olivier Maradan Building, Victoria, Mahe, Seychelles. They are a regulated by the FSA of Seychelles, with license number SD071.
- European Clients were trading with Finteractive Ltd, which was regulated by CySEC, with license number 238/14. Phone number in United Kingdom is: +442039361455. Customer support email address is; [email protected], and their official website is: https://FXVC.eu/.
IMPORTANT NOTICE – RENOUNCEMENT OF AUTHORISATION
We would like to inform you that FXVC had decided under its own initiative to renounce its CIF license with authorisation number 238/14 as of 20 January 2022 and following communication with its existing clients, the Company as of 28 February 2022 ceased the offering of investment services.
Trading with a licensed broker ensures you will not have issues withdrawing your money like these people, read this.
Compare Forex Brokers
You can choose from thousands of CFD Trading companies online, however people usually invest with one of the best brokers listed here.
ForTrade is a popular broker, that is licensed by the FCA in England and ASIC Australia, read more. They are a popular CFD broker, since their trading platform is unique and user friendly, look here.
What was your experience like investing with FXVC? Please leave your review in the comments below.