The interest to join the Forex market increases every day and potential market participants research the Internet up and down to find the right broker for them. They need every help they can get since finding the right broker is step number one for all who want to join the highly volatile capital market. Here you can find information about the New Zealand-seated broker FxUUnited. This FxUnited review gives you an insight into what it looks like to be a member of the FxUnited community. It seems that the Forex market never gets boring with the constant economic changes that keep the market exciting but yet risky. Millions of traders worldwide place trades based on their analyses and predictions hoping to hit the Forex jackpot and to make big bucks. Now let us see what FxUnited offers as a broker and if it can provide you the needed springboard to enter the market with the best prospects.
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General FxUnited Info
The FxUnited broker has been around for a decade, staring its operations in 2006. This means that the broker has the needed experience to guide you through your first trading experience. It is seated in New Zealand and regulated by the FMA. The Financial Markets Authority (FMA) of New Zealand introduced certain changes and tightened the grip on the regulated entities in the attempt to reduce scamming broker activities and to restore the trust of customers. Traders are now more protected from the harmful effects of brokers. The new rules also apply to Forex brokers including FxUnited. This means that traders can count on FMA support if the broker breaks the law, fails to pay you, etc. This automatically means that FxUnited is going to be more protective towards its customers to keep away from troubles with its regulator. If you wanted to join an FMA regulated broker, this is the perfect time to do so since the regulator is stricter than ever to its subjects of supervision. FxUnited is also registered with the Financial Service Providers Register (FSPR) so you might want to search the register for detailed information on this broker. The usual service package of a broker includes the trading platform, account types, and some other features. Below you can find information about the services offers with this particular broker – FxUnited.
The Trading Platform
Like the majority of New Zealand-based Forex brokers, FxUnited is also proud to offer the Meta Trader 4 platform. The MT4 is known for easy navigation, safe software, clear interface, and a series of sophisticated trading features. The platform is the favorite of many brokers, and it can be found with every second broker. FxUnited also offers the MultiTerminal MT4 platform for all traders who want to trade simultaneously on more than one account. In today’s world, it is almost an embarrassment not to offer a matching mobile app to their customers. Our Forex broker with a decade-long experience knows that too well. Therefore, you can conveniently download the FxUnited mobile app to your iPhone, iPad, and Android. So far, the broker sounds promising and seems to have all it takes to be one of the best in the market. Now let us see what accounts are available with FxUnited.
Account Types
The broker offers three account types to match the different experiences of traders. These account types reflect the company’s experience and deep understanding of the market, making sure their services are equally accessible to newcomers and experienced traders.
- The demo account is for all newcomers who can use the account to develop their trading skills without spending real money. They play or trade with virtual money and do not need to worry about losses until they open a live account.
- The Standard account comes with a minimum $25 deposit and leverage up to 1:200.
- The Premium account comes with the same minimum deposit and leverage, and it offers more benefits like lower spreads. The difference between these two accounts is that a commission is charged with the Premium account, while the Standard account is commission-free.
Bonuses with FxUnited
Now let us discuss the favorite topic among traders which is of course free bonus money. The FxUNited bonus includes a deposit bonus and an affiliate bonus. First, there is welcome deposit bonus in the amount of 30% to stimulate newcomers to trade. Other deposit bonuses include a 10%, 30%, and 100% deposit bonus. You can apply for any of these bonuses, just make sure you meet the eligibility criteria to apply for the bonus. The affiliate bonus includes monthly contests and the cash demo trading contest. Forex bonuses seem to have reduced lately, and some brokers do not even offer any forex bonuses, except for the welcome bonus. It is nice to see a broker having bonus contests in the serious Forex industry.
Funding Options
When it comes to deposits and withdrawals, it is always important to know what methods are accepted by the broker. FxUnited offers different payment methods from international wire transfer to e-wallets like Perfect Money, Skrill, Ezybonds, and WebMoney. The withdrawal requests are processed within three business days, and they do not charge any commissions for transfers.
Customer Support
As every decent Forex broker, the FxUnited also offers a customer support available around the clock. Their website provides contacts for different departments like technical support, general information, etc. This FxUnited review shows that this broker is a trustworthy and versatile broker who offers the whole package to newcomers, but also to professionals. Their website is also very detailed and easy to navigate if you want to learn more about this superb broker.