Note: For some unknown reason, we cannot open FX EDGEs official site (https://www.fx-edge.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
FX EDGE, a trading name of FXE PRIME LTD, is allegedly a forex and CFD broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with leverage up to 1:100 and floating spreads from 0.2 pips on the MetaTrader4 and mobile app trading platforms.
As for regulation, it has been verified that FX EDGE does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.45/10. Please be aware of the risk.
Market Instruments
FX EDGE advertises that it offers access to a wide range of trading instruments in financial markets, including forex currency pairs, CFDs, stocks, indices, commodities and cryptocurrencies.
Leverage
The leverage provided by FX EDGE is capped at 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
FX EDGE claims that the typical spread on the currency pair EUR/USD is from 0.2 pips on standard account type.
Trading Platform Available
Platforms available for trading at FX EDGE are MetaTrader4 forex trading top platform, as well as mobile apps. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
FX EDGE says to work with numerous means of deposit and withdrawal choices, consisting of Bank transfer, credit/debit cards, Skrill and Neteller. The minimum initial deposit requirement is said to be $500, while there is no mention of what the minimum withdrawal amount is.
Customer Support
FX EDGE‘s customer support can be reached by telephone: +44 1442 78 0302, email: contact@fx-edge.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.
Risk Warning
Online trading involves a significant level of 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 contained in this article is for general information purposes only.
