FxAndCo Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this FxAndCo Review.

FxAndCo Review

FxAndCo offers three types of live trading accounts and a demo account for testing purposes. Depending on the type of account, the clients can trade in 21 or 39 forex pairs. There are also CFDs and indices and commodities. The broker also claims the Executive and Trade Pro accounts are NDD.

The company. Security of funds.

FxAndCo is a newly-established forex brokerage, but has already garnered a warning from France’s regulator AMF that it is not regulated. On top of that, there is not much information neither about the company and most certainly it is not regulated.

Such types of brokers must be avoided. Often they are a scam going after their clients’ money, particularly if they are newly-established and unregulated. In FxAndCo’s case, it should be regulated by UK’s Financial Conduct Authority (FCA) – a supervisor known for its strict requirements and oversight, but it isn’t. While certainly this is not illegal, it most certainly is dubious.

Trading Platform

FxAndCo has chosen the safest way and offers the ever popular among traders and brokers MetaTrader 4 (MT4). It has been around for over 10 years and is still used more often than its successor MT5.

MT4 is familiar, stable and has many options and functionalities, including hedging, Expert Advisors, charting and technical analysis tools. The platform also supports algorithmic trading and a large number of third party software bridges, further expanding its functionality.

Methods of payment

It looks like FxAndCo provides very limited payment options. They do not include the most obvious – bank transfer. Instead the broker accepts only debit/credit cards and PayPal.

Our overall impression of FxAndCo is that it is quite dubious. Its site is shoddy and does not provide enough information not only of the broker itself, but also of the trading conditions. Furthermore, the broker is not regulated and there has already been a warning against it. But it has ridiculously high deposit requirements.

Our final verdict is that FxAndCo should be avoided at all costs. There are hundreds of properly regulated, reliable and reputable forex brokers, which not only offer better trading conditions, but are far less risky to deal with.

The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

FxAndCo Review Conclusion

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