Fxview: Trading platform

Introduction

In the dynamic world of online trading, Indonesian investors are constantly on the lookout for reliable brokers that offer competitive conditions and a wide range of financial instruments. Fxview, a relatively new player in the market, has been gaining attention among traders in Indonesia. This Fxview review aims to provide a comprehensive analysis of the broker's offerings, focusing on its relevance and suitability for Indonesian traders.

About Fxview

Fxview is an online trading broker that entered the market in 2018. The company operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa. These regulatory bodies ensure that Fxview adheres to strict financial standards, providing a level of security for its clients.

For Indonesian traders, Fxview operates through its global entity, offering a range of services tailored to meet the needs of both novice and experienced traders. The broker's presence in Indonesia is part of its broader strategy to expand its services in the Asia-Pacific region.

Trading Instruments

Fxview provides Indonesian traders access to a diverse portfolio of trading instruments. This variety allows traders to diversify their investments and explore different market opportunities. The available instruments include:

• Forex: Major, minor, and exotic currency pairs
• Commodities: Gold, silver, oil, and other raw materials
• Indices: Major global stock indices
• Stocks: CFDs on shares of international companies
• Cryptocurrencies: Bitcoin, Ethereum, and other popular digital currencies

This wide selection caters to different trading preferences and risk appetites. Indonesian traders can choose instruments that align with their trading strategies and market knowledge.

Account Types

Fxview offers two main types of trading accounts for Indonesian clients:

The Raw ECN Account is designed for traders who prefer direct market access and tighter spreads. This account type is suitable for both beginners and experienced traders who engage in various trading styles, including scalping and algorithmic trading.

The Islamic Account caters to Muslim traders, offering swap-free trading in compliance with Sharia law. This account type ensures that Indonesian traders can participate in the forex market without conflicting with their religious beliefs.

Open Account

Trading Platforms

Fxview provides Indonesian traders with access to several trading platforms:

• MetaTrader 4 (MT4): A widely used platform known for its user-friendly interface and extensive analytical tools
• ActTrader: Fxview's proprietary platform offering a modern trading experience
• ZuluTrade: A social trading platform allowing users to copy trades from successful traders

It's important to note that MetaTrader 5 (MT5) is not available for Indonesian traders. However, the available platforms offer a comprehensive set of features to support various trading strategies.

Each platform comes with its unique advantages:

Trading Conditions

Fxview offers competitive trading conditions for Indonesian traders. Here's an overview of the key aspects:

• Leverage: Up to 1:500, allowing traders to control larger positions with a smaller capital outlay
• Spreads: Starting from 0 pips on the Raw ECN account, providing cost-effective trading
• Commission: $1 per lot (round turn), which is relatively low compared to industry standards
• Minimum deposit: $50, making it accessible for traders with varying capital
• Execution speed: Fast order execution through ECN technology

These conditions make Fxview an attractive option for Indonesian traders looking for a balance between cost-effectiveness and trading efficiency.

Deposits and Withdrawals

Fxview provides several options for Indonesian traders to fund their accounts and withdraw their profits:

• Bank wire transfer
• Credit/debit cards (Visa, Mastercard)
• E-wallets (Skrill, Neteller)
• Local payment methods (specific to Indonesia)

The broker aims to process withdrawal requests within 24 hours, although the actual time may vary depending on the chosen method. It's worth noting that Fxview does not charge any fees for deposits or withdrawals, but third-party charges may apply.

Education and Research

Fxview offers a range of educational resources to support Indonesian traders in their learning journey:

• Video tutorials covering various trading topics
• Webinars hosted by market experts
• Trading articles and market analysis
• Economic calendar for tracking important market events

These resources can be particularly beneficial for novice traders looking to build their knowledge and skills in forex and CFD trading.

Customer Support

Fxview provides customer support through multiple channels:

• Live chat available on the website
• Email support
• Phone support

The support team operates 24/5, aiming to address client queries promptly. However, it's important to note that support in the Indonesian language may be limited, with English being the primary language of communication.

Pros and Cons for Indonesian Traders

Based on this Fxview review, here are the main advantages and disadvantages for Indonesian traders:

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Conclusion

This Fxview review reveals that the broker offers a competitive package for Indonesian traders. With low spreads, a diverse range of instruments, and high leverage options, Fxview caters to both novice and experienced traders. The regulatory oversight from CySEC and FSCA provides a level of security and credibility.

However, the lack of MT5 platform and limited local language support may be drawbacks for some Indonesian traders. Additionally, as a relatively new broker, Fxview is still building its reputation in the market.

For Indonesian traders looking for a cost-effective trading solution with access to global markets, Fxview presents a viable option. However, as with any financial decision, it's crucial to conduct thorough research and possibly start with a demo account to test the platform before committing real funds.

Frequently Asked Questions (FAQ)