FXBV-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2022-05-04 19:26

Abstract：FXBV presents itself as an Australian broker that aims to build a world-class financial service platform for investors, providing advanced and guaranteed online trading technology support and trustworthy customer service. It also hypes that it offers up to 500:1 leverage, over low spreads, intelligent AI customer service and 5/24 manual customer service.

General Information

FXBV presents itself as an Australian broker that aims to build a world-class financial service platform for investors, providing advanced and guaranteed online trading technology support and trustworthy customer service. It also hypes that it offers up to 500:1 leverage, over low spreads, intelligent AI customer service and 5/24 manual customer service.

Market Instruments

FXBV advertises that it offers 85 transaction types. It can trade as many as 33 different currency pairs as well as gold, silver, indices, and commodity futures. Some other trading assets like oil are also available.

Products

FXBV provides its clients with two products, U-MAM and VPS. FXBV claims that U-MAM multi account management system is a set of software tools designed for fund managers and it has all the advantages of MT4 terminal software. The fund manager can choose to deal with one or more transaction accounts at the same time, including market order, stop loss order, limit price order, closing out of some or all of the common trading functions. By contrast, VPS (Virtual Private Server) is a server that is hosted in the cloud or ran consistently on a 24 hour basis as a dedicated server online. It provides traders with the ability to seamlessly utilize automatic trading algorithms (EAS) on a remote server.

Account Types

There are only one real trading account offered by FXBV, apart from demo accounts，namely Standard. The minimum initial deposit to start a standard account is $200, aligning with most brokers' requirements.

Leverage

In terms of trading leverage, the maximum level offered by FXBV is quite generous, up to 500:1. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

The spreads in the Standard account has a floating spread of 1.6 points. More details about spreads and commissions are not concerned on the website.

Trading Platform Available

When it comes to trading platforms available,FXBV gives traders only one choice: Meta Trader 4. MT4 is available on PC, MAC, and mobile platforms. Additionally, MT4 can be accessed via a web browser. MT4 also gives traders the ability to seamlessly link their MT4 desktop account with their mobile & tablet devices.

Deposit & Withdrawal

We only find in Support-Common questions that it dose not accept deposit via credit card. However, more other information about the payment methods accepted is not involved on the website.

Customer Support

FXBVs customer support can be reached through email: cs@fxbv.com, website: www.fxbv.com. Besides, you can also follow this broker on some social media platforms like Facebook, Twitter, YouTube and LinkedIn.

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Related broker

Website：http://fxbv.co.nz/?lang=en

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.52

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