FIXI Markets Review – Unbiased Pros & Cons Revealed

WHO IS FIXI MARKETS?      

According to research in South Africa FIXI Markets is a British company founded in 2008 with headquarters in London, UK.

With many years of experience in the financial markets, FIXI Markets company offers high standards that lead to a high-level trading environment offered to their customers. Although its head office is based in London the company serves offices in multiple locations including Australia.

FIXI Markets mission is to deliver integrity of trading, offering various services and support solutions in order to be a better trader giving access to the latest market data and liquidity.

SAFE OR SCAM

FIXI Markets being a British brokerage is authorized and regulated by The Financial Conduct Authority (FCA). The regulation requires it to follow specific rules relating to client money protection, strict operational standards and the trading environment, which delivers a convenient model.

There is segregation between money belonging to the client and the company funds, which means all client money is always kept separate.

FIXI Markets is also a member of the FSCS, which means that the first £50 000 of the initial investment made by the company client is compensated in case of the company default.

PRO AND CONS

LEVERAGE

Leverage enables a trader to get a much larger exposure to the market the person is trading than the amount deposited to open the trade. Leveraged products, such as forex trading, magnify a trader’s potential profit – but also increase the potential loss.

Leverage is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1 000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.

Margin is the collateral to cover any credit risks that may arise during trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you need to have enough funds in your trading account to ensure sufficient margin.

For example, on a 1% margin a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged.

At FIXI Markets the maximum leverage ratio is 1:400.

ACCOUNTS   

FIXI Markets offers the following types of accounts:

• Standard Account
• Pro Account
• Islamic Accounts (Swap Free)

MARKET INSTRUMENTS

The most popular market instruments available from most brokers for trading include:

Forex

Forex trading describes the currency exchange market which refers to the global, decentralised marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.

Commodities

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.

Indices

Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.

Precious metals

The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

Energy

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.

FIXI Markets offers the following:

• Forex
• CFDs
• Metals
• Energy
• Spread betting (For UK clients)
• Cryptocurrencies

FEES

Cost and fees depend on different factors, like spread and margins, and clients may also experience different fee structures according to their country or place of residence.

The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.

Trading with either of the accounts offered by FIXI Markets appears to be relatively low-cost. Spreads on the commission-free Standard account are averaged 1.1 pips.

Pro accounts provide raw spreads offering from 0.0pips and commission is charged on a tiered structure, based on volume. Clients start at $7 per lot but with increased volume it goes down to $4 per standard lot.

DEPOSIT AND WITHDRAWAL

Accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.

In the case of FIXI Markets, the following minimum deposits are required:

• Standard and the Islamic accounts – $100
• Pro Account – $1 000

The following methods can be used to fund accounts and to execute withdrawals:

• MasterCard
• Maestro

• VISA
• Bank Wire
• Skrill
• Neteller
• Safecharge
• Zotapay

Depending on the method used for depositing funds it may take from a couple of hours up to 5 working days for the transferred amount to be reflected in clients account.

For withdrawal of funds, a client must submit the withdrawal request, and once approved funds are transferred to the client account.

Depending on the chosen method of withdrawal, fees may apply some additional transaction fees.

FIXI Markets accept deposits and offers an account base currency in GBP, USD, EUR and AUD.

TRADING PLATFORMS

The forex trading platform provided by FIXI Markets to its clients is the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

FIXI Markets provides three trading platforms. They are:

• MetaTrader4
• MetaTrader5
• Currenex

MT4 is by far the most popular platform as it is a user-friendly and reliable online forex trading platform and allows analysis of the financial markets, a performance of the trading operations and run of trading robots (EAs) as well as to copy deals of the other traders.

MT5 is the more advanced version of MT4 and offers advanced financial trading functions with superior tools for technical and fundaments analysis in its addition to the desktop, mobile and the web versions.

Currenex is also a powerful platform with access to the liquidity sources and order management functions allows to aggregate liquidity streams into the sophisticated trade settlement.

The more advanced trading community has an opportunity to live, streaming, executable bids and offers available for instant execution with market data, trading strategies and risk management tool to optimize trades.

FIXI Markets also runs the occasional competition that test skills or trading intuition of the trader with the possibility to win valuable prizes.

Even those with a Demo account can participate in a competition which is a perfect solution for those who would like to develop their strategies in a risk-free environment before further trading in a real account.

HOW TO OPEN AN ACCOUNT

Similarly to a bank, to register a forex trading account with FIXI Markets for the first time, you will be required to go through a basic “know your customer” process, which will allow FIXI Markets to ascertain that your submitted details and ensure the safety of your funds and account details.

FIXI Markets’ website was down when doing research on the company. It is not clear how it manages the opening of an account.

CUSTOMER SUPPORT

Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.

In the case of FIXI Markets customers can reach the support team in real time by phone, live chat or e-mail.

Customer service is offered in English, Spanish, German, Italian, Greek, Russian, Hebrew, Mandarin, Chinese or Farsi.

EDUCATION       

Before starting to trade, potential clients of FIXI Markets should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

It is not clear whether FIXI Markets offer any education materials for first time or advanced traders.

RESEARCH         

To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.

There is no indication on the web whether FIXI Markets offer any research tools like daily analysis, a trading glossary, a telephone deals glossary, trading examples etc. to clients.

AWARDS

Being an awarded company instils extra confidence by traders.  There is no indication on the web if FIXI Markets have received any awards since inception.

CONCLUSION  

FIXI Markets is regulated by the highly reputed FCA and delivers high-level secured trading services. It ensures an environment to global traders with various strategies and a range of the tools to enrich the experience.

The technological solutions deliver direct access to the markets through advanced platform choices, which includes industry-leading software.

DISCLAIMER

Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.

Forex trading carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments, due to leverage retail accounts lose money.

Any action you take upon the information you find on the FIXI Market website is strictly at your own risk and the company will not be liable for any losses and/or damages in the use of it, according to research in South Africa.

Frequently Asked Questions

How many instruments can I trade with FIXI Markets?

You can trade several different instruments with FIXI Markets which include the following:

• Forex
• CFDs
• Metals
• Energy
• Spread betting (For UK clients)
• Cryptocurrencies

Which platforms are supported by FIXI Markets?

FIXI Markets provides the following popular trading platforms:

• MT4
• MT5
• Currenex

Does FIXI Markets offer leverage?

Yes, FIXI Markets offers a maximum leverage of 1:400

Is FIXI Markets regulated?

Yes, FIXI Markets is regulated by Financial Conduct Authority in the United Kingdom

Is FIXI Markets a recommended forex trading broker for experts and beginners?

FIXI Markets offers a trading environment for beginner and experienced traders.

What is the overall rating out of 10 for FIXI Markets?

The overall rating for FIXI Markets is 7/10