Comprehensive Review dedicated to traders from SA
Fxview Review South Africa
Accepts South African Clients
Who is Fxview?
Fxview is a brand owned by Finvasia Group that launched in 2018. This ECN broker allows clients to trade a variety of instruments across different markets. The company has regulations and authorization from CySEC, which has stringent regulatory laws and regulations. Fxview offers SA clients a reasonably high leverage of up to 1:500.
The Fxview minimum deposit is USD 50, the account base currency can be USD or ZAR.
Fxview Group is Regulated by
FSCA
Financial Sector Conduct Authority, based in South Africa, license no 50410.
CySEC
Cyprus Securities and Exchange Commission, based in Cyprus, license no 367/18.
FSA
Financial Services Authority, based in St. Vincent and the Grenadines, registration no 1112 LLC 2021.
Risk warning: Remember that forex and CFDs available at Fxview are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.
Pros
Cons
Trading Forex and CFDs entail risk.
Your capital is at risk.
01
Trading assets on Fxview
Fxview allows its clients to invest in over 450 different market instruments. These instruments are all CFDs on five main market instruments traded with leverage. These instruments include:
- Forex – Fxview avails 70 different currency pairs for clients to speculate on. Some of the best currency pairs for South African clients to invest in include USDZAR, GBPZAR, and EURZAR. Many other currency pairs that do not involve the South African Rand are also available for trading.
- Cryptocurrencies – Under this asset group, clients can trade 5 different crypto assets against the US Dollar (Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple).
- Indices – Clients of Fxview can also invest in popular indices including the 100GBP, F40EUR, U30USD, D30EUR, and 225JPY among others.
- Commodities – South African clients will be happy to know that they can diversify their portfolios by investing in a number of commodities. These include Gold, Silver, Oil, and Natural Gas.
- Stocks – Here, clients can buy stock CFDs from some of the most popular companies in the world including Apple, Amazon, Nvidia Corp, and Spotify. In total, Fxview has 392 different stocks available, mostly from the European and American markets.
Available Deposit & Withdrawal Methods
Fxview supports the following deposits and withdrawal methods
Supported Platforms by Fxview
Fxview supports the following trading platforms
02
Trading platforms of the broker
Fxview offers some of the best trading software on the planet in the MetaTrader 4 and MetaTrader 5 to South African trades. On top of that, the ActTrader is also available on Fxview. These are three popular trading platforms among both novice and experienced traders. These platforms are popular as they come with many helpful charting tools that traders can use to analyze the markets.
They also have fast order execution times. Pairing this with an ECN broker makes order execution much faster. Finally, these platforms are available on all kinds of devices, including PC, Web, iOS, and Android. However, ActTrader is not available on macOS. Still, most traders are catered for on this broker site. ZuluTrade is also available on Fxview which allows clients to copy the trades of other traders from across the globe.
Screenshot taken from the official website of Fxview, page platform comparison
Trading Forex and CFDs entail risk.
Your capital is at risk.
03
Trading fees, Deposit bonus
Fxview is very transparent about the fees that apply when trading. The spreads on this platform are ultra-low, starting from 0.0 pips. However, like on other ECN brokers, a commission applies when trading. Clients here pay a commission of $1 per 100k traded. This is a competitive commission compared to the rates offered by other brokers in the market.
Fxview has a couple of promotions going on in order to make institutional trading conditions available to the masses. For starters, its Zero Cost Funding allows clients to fund their accounts with zero charges applied. The only charges that may apply are those charged by the financial institution handling the transaction such as a bank.
On top of the Zero Cost Funding program, Fxview also has a 100% deposit bonus. For every deposit you make, the company credits your account with an equivalent amount. This allows you to take advantage of a larger margin and hence manage your risk more effectively. There is no special requirement to qualify for this promotion, all a client has to do is make a deposit.
So if you deposit the minimum deposit amount of $200, the available tradable amount on your account will be $400.
Did you know?
Fxview is registered with over 30 different regulatory bodies across the world including the FCA, BaFin, and the Central Bank of Ireland.
04
Fxview Social Trading With ZuluTrade
Social Trading is one of the prime features of Fxview. When it comes to social trading, ZuluTrade is a cutting-edge platform used by many reputable forex brokers. This platform is available on Fxview and allows clients to copy the trades of seasoned traders from all around the globe. This feature is perfect for clients lacking the time or experience to employ their own trading strategies in the market.
They can simply copy the moves of more successful traders on the platform. Therefore, South African traders can enjoy this platform whether they are seasoned professionals or just starting out. ZuluTrade comes with ZuluGuard which protects investor funds by removing Traders whose strategies deviate too far from their expected loss profile.
05
Fxview Leverage
Fxview provides one of the highest maximum leverages to its South African-based clients. They can enjoy financial leverage of up to 1:500. Below is the breakdown of the maximum leverage for each of the major asset classes:
Forex 1:500
Stocks 1:10
Commodities 1:500
Indices 1:200
Cryptocurrencies 1:10
Did you know?
Fxview does not restrict any trading styles. For example, traders that like hedging as a trading style are well accommodated here. The same goes for scalping, day trading, swing trading, and any other trading strategy.
06
Fxview Trading Accounts
Raw ECN Account
This is the main trading account for most traders on Fxview. It comes with some of the tightest spreads in the market, starting from 0.0 pips in normal market conditions. All three trading platforms are available on this account, which includes MT4, MT5, and ActTrader. The minimum trade size on this account is 0.01 lots and the maximum is 100 lots. As mentioned, the leverage can go up to 1:500 for South African traders.
Islamic Account
This is also known as a swap-free account as no swap or rollover fee is charged when positions are kept open overnight. This is best suited for Muslim clients who follow Sharia law. The trading conditions on this account are identical to those on the Raw ECN account. However, this account is only available on the MT4 platform. Additionally, overnight charges apply for any position kept open for 3 or more days.
MAM/PAMM Accounts
The Fxview PAMM/MAM program allows experienced traders to manage multiple sub-accounts under one master account. On the other side, it allows investors to pick and choose other traders to manage their accounts and funds. This removes the need to study and analyse the market to develop trading strategies. This is perfect for clients lacking the time and experience to make their own moves in the market. Investors can easily deposit and withdraw funds from their PAMM/MAM accounts without disrupting trading activity.
Trading Forex and CFDs entail risk.
Your capital is at risk.
07
Fxview Unique Features
Trading calculators
The trading calculators on Fxview provide clients with an easy way to analyze the trades they plan to make. The calculations are based on market conditions and provide traders with instant results. For instance, you can easily calculate the commissions you would pay for a trade with the commission calculator. Other calculators on the site include Margin, Multi Target, pivot Points, Profit and Loss, Fibonacci, Pip Value, Swap, Position Size, and Currency Converter.
Trader's toolbox
The Trader’s Tool Box provides clients with access to a range of trading and analytical tools to boost their chances of success. These tools include Alarm Manager, Correlation Matrix, Correlation Trader, Excel RTD, Market Manager, Mini Terminal, Sentimental Trader, Session Maps, Stealth Orders, Tick trader, and Trade Terminal.
