TheFXPlayer Review

MIN. DEPOSIT $50
Up to 200:1
Up to 300% BONUS
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TheFXPlayer
Up to 300%
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Overview

Company information   Fx Player is a relevantly new company. 2014 was the year when a group of professional traders created the foundations of the company as a real ecn/stp… more

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Details

Broker TheFXPlayer
Website URL http://thefxplayer.com/
Founded 2014
Headquarters Majuro, Marshall Islands
Support Types Skype, Live Chat, Contact Form
Languages English, Arabic, Afrikaans, Chinese, Danish, Dutch, Tagalog, Finnish, French, German, Greek, Hebrew, Hindi, Indonesian, Italian, Japanese, Korean, Persian, Russian, Spanish, Swahili, Swedish, Thai, Vietnamese
Minimum 1st Deposit $50
Minimum Trade Amount $0.035 per micro lot
Maximum Trade Amount 100 lots
Bonus Up to 300%
Payout Up to 200:1
Free Demo Account Yes
Regulated Yes
Regulation ASIC, FCA, FSC, RFFMS
Account Types Micro, Mini, Normal, PRO, Institutional, Flex
Deposit Methods Visa, MasterCard, American Express, Paysafecard, PayPal, Bitcoin, Bank Wire
Withdrawal Methods Visa, MasterCard, American Express, Paysafecard, PayPal, Bitcoin, Bank Wire
Types of Assets Forex, Commodities, Indices
Account Currency USD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company information

 

Fx Player is a relevantly new company. 2014 was the year when a group of professional traders created the foundations of the company as a real ecn/stp platform. However, even though in the beginning the focus was on professional individuals and businesses, at the moment the software and the design of the platform alongside the products on offer allow people both with and without experience. The policy of “No Dealing Desk” and “No Market Making” is by the small spreads and low commissions the company offers. The main products that people can trade are Forex, Commodities, and Indices. All of them are available and at the disposal of the traders.

The company which owns FxPlayer is the Trust Company Complex from Majuro, Marshall Islands. The mission and the ambition of the company are to provide services for people from all around the world. To achieve it they offer 24 different languages on their website. They also offer tier 1 pricing, bonuses and full transparency of the services. The number of clients because of all this hard work is continually rising and the perspectives for the company are excellent.

 

Trading information

The main trading opportunities are there for all clients who want to take advantage of them.

Trading currencies are the most popular and the options cover the three top categories – majors, minors, and global fx. The Majors are EUR/USD, GBP/USD, USD/JPY and several others. The FX minors include 13 more currency pairs and the global are 18 more. As a whole, the company offers 38 currency pairs. Here every trader can find useful tips on how to minimize the risk and to increase the chance of winning.

 

Commodities are the next option for people to trade with. FxPlayer offers metals and futures and oil trading opportunities. The metals offered are gold and silver and futures for these metals. Also, Crude oil and different options for crude oil are also optional for the clients.

 

Indices are the third big thing in the portfolio of the company. Indices from USA, Germany, Japan, Australia, Spain, France, Italy, Switzerland and the United Kingdom can trade.

 

To ease the trading, the broker offers a lot of channels for news and information and also different tools to make trading for profitable and easy.

 

Trading Platforms

Being with full focus on their goal – to become bigger and better known and popular company, FxPlayer offer platforms which are popular, easy to use and reliable with their platforms which they develop at the moment.

FxPlayer Trader (BETA) – A platform specially designed to help traders. There are over 150 indicators including RSI, MA, and MACD. News, calendar, earnings calendar and everything an operator may want are with integration in the system. It allows social chats, advice and radio, and TVs to be followed to get all the needed information.

MetaTrader4 – the most popular and widely used platform in the world can be found here as well. People know the interface, the capabilities and the speed of the system, so they trust it. FxPlayer knows that, and they offer it with multilingual support, integration into systems and comprehensive charting package.

UniTrader – a new type of trading platform which integrates everything for the trading. Live news and SquawkBox are also there with trading history, all the instruments, live trading, real-time tradable charts and much more.

Currenex is an exclusive software with professionals in mind. This is a program which will help any professional trader make serious money. It’s fast and with all the information on the display when in need.

 

Act Trader – a unique program which is windows designed and allows different accounts for usage. Traders can lock their accounts and organize the interface in the best way for them.

 

The company also offers different tools for all the operators to benefit. These are live forex rates, economic calendar, profit calculator, margin calculator, pip calculator, currency converter and market hours. All these can make the difference between winning and losing money on the market.

 

Security and Customer Service

With a website which offers any financial services, it is always crucial to secure high levels of security. This is what the people in FxPlayer have done. They use SSL encryption to make sure all the data and transaction are secure and safe. They also use firewalls and authentication technologies so that any information and data about clients or their finances is secure. Sharing information can only be done for business purposes, and that is in very special cases or if individual authorities want any information. However, at any given moment each client can ask questions and find out more about the company and the procedures by asking them using one of the contact forms – phones, chat, real physical address, Skype, contact form. Another significant advantage is the 24 different languages which the website supports. A great piece of customer service are the options for live streaming of tv and news – CNBC and Bloomberg.

 

Deposits and Withdraws

 

Making deposits are straightforward and comfortable with the broker. Clients have to create an account which takes minutes and then the first deposit should be made. To do it, each customer can use American Express, bitcoins, master card, Paysafe card, Paypal or Visa. Each deposit takes some time which the distributor of the service sets. Making a withdraw requires the client to make a request from the account. Usually, that happens in the same day. However, if this is not the case, it will happen on the next business day. Each submission made after 12.00 EET is processed on the next day.

 

Deposit Bonus and Loyalty Programs

 

With the initial deposit, each client gets 100% bonus. A “Leap Year Bonus” can be as big as $100 with just $50 of deposit. To get it the client should trade 100 lots or 10 000 000 units to claim profits. However, this bonus is not optional at the moment, but according to the company, it will be optional soon. The holiday gift is as big as $80 with just $20 of deposit. To get it, the clients should trade 50 lots of 5 mln units. The promotion, however, is available only for FxPlayer Trader. Of course, if fraud or other abuse is detected, the bonus is invalid.

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