Overview of FXLINKED
FXLINKED, registered in Seychelles and operating for 5-10 years, offers forex trading. The platform uses MetaTrader 4 and 5, providing high leverage up to 1:400 and a low minimum deposit of $10. Multiple payment methods are available, including cryptocurrencies.
However, its website is inaccessible, adding to user frustration. FXLINKED operates without regulation, posing significant risks regarding security and reliability.
Regulatory Status
FXLINKED operates without a regulatory license, which means it isn't overseen by financial authorities. This lack of regulation impacts customer security and trust.
Funds might not be protected, and there is a higher risk of fraud or unfair practices.
Pros and Cons
Pros:
- Offers MetaTrader 4 and 5 platforms:
FXLINKED provides access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are highly popular trading platforms known for their user-friendly interfaces, advanced charting tools, and automated trading capabilities.
- High leverage up to 1:400:
Traders can utilize a leverage of up to 1:400, allowing them to control larger positions with a relatively small amount of capital, potentially increasing their profit opportunities.
- Multiple payment methods:
FXLINKED supports various payment options, including Skrill, wire transfer, credit/debit cards, Neteller, FasaPay, Litecoin, Bitcoin, Ethereum, and Bitcoin Cash, providing flexibility and convenience for funding accounts.
- Low minimum deposit of $10:
The platform requires a minimum deposit of only $10, making it accessible for traders with different budget levels to start trading.
Cons:
- Official website inaccessible:
The official website of FXLINKED is currently inaccessible, which can hinder users from obtaining necessary information and accessing their accounts.
- Unregulated:
FXLINKED operates without a regulatory license, meaning it is not overseen by financial authorities, which can pose risks regarding the security and reliability of the platform.
- Lack of transparency in fees:
There is a lack of clear information regarding the fees associated with trading and transactions on FXLINKED, making it difficult for traders to understand the costs involved.
Market Instruments
FXLINKED offers a wide range of currency pairs, including major, minor, and exotic pairs, providing numerous opportunities for forex trading.
Leverage
FXLINKED offers a maximum leverage of 1:400. This high leverage ratio allows traders to control larger positions with a smaller amount of capital.
Trading Platform
FXLINKED offers two widely-used trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
MetaTrader 4 (MT4): Known for its user-friendly interface, MT4 provides various technical analysis tools, customizable charts, and automated trading through Expert Advisors (EAs). It supports multiple order types and offers robust security features.
MetaTrader 5 (MT5): MT5 builds on MT4 with additional features such as advanced charting tools, a wider range of timeframes, and an integrated economic calendar. It also allows for more order types and enhanced execution options.
Deposit & Withdrawal
FXLINKED supports several payment methods, including Skrill, wire transfer, credit/debit cards, Neteller, FasaPay, Litecoin, Bitcoin, Ethereum, and Bitcoin Cash. These options provide flexibility for traders to fund their accounts using traditional banking methods or cryptocurrencies.
The minimum deposit required to start trading with FXLINKED is $10. This low entry barrier makes it accessible for traders with different budget levels to open an account and begin trading.
Customer Support
FXLINKED provides customer support through multiple channels.
Users can contact them via email at Support@FXLinked.com. Additionally, they have social media presence on Twitter at FXLinkedLimited and Facebook at FXLinked, where customers can reach out for assistance.
Conclusion
FXLINKED, while offering high leverage, a low minimum deposit, and popular trading platforms like MetaTrader 4 and 5, has significant drawbacks. Its lack of regulation poses serious risks, and the inaccessibility of its official website adds to the unreliability. The absence of transparent fee structures and insufficient information on key aspects like spreads and account types further complicate the user experience.
FAQ
What trading platforms does FXLINKED offer？
FXLINKED offers MetaTrader 4 and MetaTrader 5.
What is the maximum leverage available on FXLINKED？
The maximum leverage available is 1:400.
What is the minimum deposit required to start trading on FXLINKED？
The minimum deposit is $10.
Is FXLINKED regulated？
No, FXLINKED operates without a regulatory license.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
