FXUnited was one of the uprising Forex brokers to watch out for during the last few years, but ever since the introduction of new rules by the regulatory agency that governs the broker, things have been challenging for the company. FXUnited has been an established FX broker since , which is indeed a huge amount of time when compared to the several new Forex brokers springing up in different parts of the world.
Quite recently, the company has run into a few troubles with the regulatory agency, and FXUnited is working hard with the authorities to rectify issues to provide top-quality services to their clients. FXUnited does not have any representative offices in any other parts of the world, which might put traders at unease over the potential conflict of interests when it comes to financial transactions.
All FX brokers are expected to set up camp in the US as well as several EU countries if they are supposed to gain trust and confidence among retail traders. The lower barrier of entry is certainly a great incentive for traders with a small initial capital.
FXUnited leverage is available up to a maximum of 1: The comparatively lower amount of leverage is good news for conservative traders, but traders with a high-risk appetite will find the leverage to be a bit lower than their liking. The minimum order size is 0. The Standard account is a market maker account that provides STP-like execution and a minimum spread of 3 pips.
The spreads are indeed higher than the market spreads, which can be a drawback for scalpers and traders looking to minimize their trading costs.
If it is lower FXUnited spreads that you are looking for, the Premium account offers floating spreads that can go down to zero pips. The Premium account is an ECN account that includes commissions per trade.
There are several FXUnited deposit and withdrawal options to help the process of making payments safe, secure, and convenient. Traders can make a deposit or initiate a withdrawal through credit cards, bank transfers, or through online payment processors such as Perfect Money. It will only take a few hours or day at the maximum for a successful deposit, but withdrawals can take a bit longer. Customers should expect the company to honor the withdrawal requests unless it is in direct violation of their terms and conditions.
The CGAT account is geared towards traders who would like to stay away from the risks of FX trading by letting someone else manage their money. The CGAT is an entirely automated trading platform, and the long-term profitability of the system cannot be guaranteed. FXUnited has covered all traders in the market by offering dedicated trading terminals for the PC and Mac. WebTraders are not preferred if traders wish to perform extensive technical analysis of the markets, which requires a dedicated MT4 platform installed on a computer.
Users can download the FXUnited mobile app directly from the respective app stores and use the login provided by the company to start trading and managing their trades. FXUnited does offer instant market execution on all of their platforms, with a relatively lower number of re-quotes or slippages. All trading terminals are connected to super-fast and secure servers for fast order execution, which further helps traders to enjoy better price feeds.
FXUnited is keen on offering the maximum bonus to ensure that they can impress a significant majority of retail FX traders. However, be careful of their terms and conditions before accepting a bonus and every client reserves the right to decline the bonus to prevent the broker from imposing any trading restrictions on their accounts. Your email address will not be published. Experience with this broker Months. Time limit is exhausted. FXUnited Forex Broker Review FXUnited was one of the uprising Forex brokers to watch out for during the last few years, but ever since the introduction of new rules by the regulatory agency that governs the broker, things have been challenging for the company.
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