Fitch Forex Information
Fitch Forex is an unregulated brokerage company registered in the United Kingdom. This firm specializes in forex trading, with auto trading service as an option. Fitch Forex gives 1780+ tradable instruments with the popular MT5 platform. This firm does not provide managed portfolios services. And lack of transparency about account types is another drawback.
Pros and Cons
Is Fitch Forex Legit？
Fitch Forex currently does not hold any valid regulatory certificates. Although it is incorporated in the UK, it lacks regulation from any recognized financial authority. It is crucial to understand that engaging with an unregulated broker involves significant risks.
What Can I Trade on Fitch Forex？
When you open a brokerage account with Fitch Forex, you've got plenty of options for investing. This firm boasts its 1780+ tradable instruments and its automated trading system. Depending on your goals and risk tolerance, you can invest in forex, commodities, indices,digital currencies, and futures.
More investment choices make it easier to shape your portfolio to fit your risk tolerance, needs and goals. But if you're looking for stocks, ETFs or mutual funds, you won't find them here.
Fitch Forex Fees
Fees matter when building a portfolio. The more you pay in fees, the bigger the dent in your returns. Like some other brokerage specializing in forex trading, this firm offers spreads from 0.0 pips. They also provide leverage option, which is up to 1:500. There are no detailed information about commission, annual fee or minimum balance fee for brokerage accounts.
Trading Platform
MT5 (MetaTrader 5) is available with Fitch Forex. You can apply it on multiple devices, including Windows, MAC, Andorid and IOS. It is a diversified financial trading platform that allows trading foreign exchange, stocks, and futures. It provides automated trading systems and excellent tools for various price analysis, use of algorithmic trading applications and copy trading.
The Bottom Line
Fitch Forex could be an option if you're drawn to its wide selection of investment options and its automated trading system. On the other hand, Fitch Forex likely isn't right for you if you prefer a hands-off approach. The biggest drawback, however, is the regulatory status. There are plenty of other brokerages that adhere to stringent regulatory standards. Any time you're comparing brokerages, try to remember safty alway comes first.
FAQs
Is Fitch Forex safe？
Fitch Forex is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.
Is Fitch Forex good for beginners？
Fitch Forex could be an option for begining investors with its user-friendly platform.
Does Fitch Forex offer leveraged trading？Yes, Fitch Forex provides leverage option, which is up to 1:500.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
