FXVV

  • Name:FXVV
  • Website:http://www.fxvv.com/
  • Location:United Arab Emirates
  • Found in:2012
  • Regulation Authority:
Editorial Rating:
2.37
Accept US Traders:
No

FXVV.com

Established in 2012 and based in the United Arab Emirates, this FX broker is obsessed with improving its speed and efficiency. Knowing that seconds count in the Forex market, FXVV has made it one of its missions to help traders make the most of their time in the market.
Indeed, citing their company motto as “A Smart Way to Invest Money”, FXVV has invested a lot of its own money to ensure its software is some of the best in the world. As a testament to this, FXVV was named the Best Forex Newcomer in the Middle East 2012 by the Global Banking & Finance Review.

FXVV.com’s Special FX:

Because the foreign exchange market can be extremely volatile for novice traders, FXVV has incorporated an insurance policy into its deposit system. Regardless of whether it’s a user’s first deposit or the ninth, FXVV offers a 10% rebate on all losses based on their last deposit amount.
For example, if a trader deposited $1,000 and lost it all, the site would refund them 10% of that amount ($100) and pay it directly into their account. At the point the money is received the user then has the option to either withdraw it or continue trading.

This feature is something that’s almost unique in the online trading world and an offer that is great for beginners. Indeed, because it can often take a few deposits before someone gets a into the swing of Forex trading, this refund policy represents a fantastic way for FXVV members to stay in the game longer even if they’re still learning.

The Essentials:

FXVV is has two main account options that are tailored towards both novice and professionals with deposit limits ranging from $10 to $5,000. Using the MetaTrader 4 platform to access the FX market, this broker provides two main trading options:

Standard Account:
Minimum account size = $10
Maximum account size = $5,000
Minimum position size = 0.01 lot
Variable spreads typically from 1.3 pips and a minimum of 0.7 pips.
Scalping and Expert Advisors are allowed.
Leverage = up to 1:2000   
Digits quoted after the comma = 5
Margin call level = 100%
Stop-out level = 30%
Minimum distance to stop/limit orders = 1 pip
Number of currency pairs available = 28 (including 15 exotics)
Note: For 1:2000 leverage a trader’s balance can’t exceed $500 and for leverage of 1:1000 the maximum leverage can’t exceed $ 5,000.

ECN Account:
Minimum account size = $5,000
Maximum account size = $50,000
Minimum position size = 0.1 lot
Variable spreads typically from 1 pip and a minimum of 0.5 pips.
Scalping and Expert Advisors are allowed.
Leverage = up to 1:500   
Digits quoted after the comma = 5
Margin call level = 100%
Stop-out level = 30%
Minimum distance to stop/limit orders = 1 pip
Number of currency pairs available = 28 (including 15 exotics)

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