Abstract:Incorporated in 2018, BalansFX claims that it is a forex brokerage registered in the United Kingdom, offering its clients a series of forex and CFD trading services. this brokerage was established young, with an operating time of 2 to 5 years only. BalansFX does not have any regulatory licenses and thats the way its regulatory status on WikiFX is shown as “No License”. BalansFX got a very low score of 1.36/10 on WikiFX based on its Regulatory, License, Business, Software, and Risk Management Indexes.
Since BalansFXs official website (https://www.balansfx23.com/) is not accessible at the moment, we could only piece together this brokerage by gathering relevant information from some websites.
General Information
Incorporated in 2018, BalansFX claims that it is a forex brokerage registered in the United Kingdom, offering its clients a series of forex and CFD trading services. this brokerage was established young, with an operating time of 2 to 5 years only.
BalansFX does not have any regulatory licenses and thats the way its regulatory status on WikiFX is shown as “No License”. BalansFX got a very low score of 1.36/10 on WikiFX based on its Regulatory, License, Business, Software, and Risk Management Indexes.
Market Instruments
BalansFX advertises that it offers services in Forex Trading, Commodity Trading, Cryptocurrency Trading, Indices, and Stock Trading.
Account Types
Unlike many other forex brokers, BalansFX does not offer a few trading accounts for its clients to choose from, only a real account and a demo account are available. The minimum deposit to activate a real trading account is acceptable at $100. A demo account is an excellent tool for brokers to test this platforms trading environment and practice their trading skills without risking real money.
Leverage
The maximum trading leverage offered by BalansFX is up to 1:500, which is considered high. High leverage is typically preferred by professional traders and scalpers, as it presents more trading flexibility. However, bear in mind that leverage can magnify gains as well as losses. Traders are strongly recommended to choose the proper amount that they feel most at ease.
Customer Support
Traders with any inquiries or trading-related problems can contact BalansFX through the following channels:
Email: destck@balansfx.com.
Or you can follow this brokerage on some social media platforms, such as Twitter and Facebook.
Risk Warning
Forex and leveraged trading carry a high level of risks and it is not suitable for all investors. Please note the information contained in this article is for general information purposes only.
eToro strengthens its Australian market presence with the $80M AUD acquisition of Spaceship, expanding its long-term savings and superannuation offerings.
OANDA Japan Inc., a subsidiary of the global online broker OANDA Corporation, has announced the termination of its Tokyo Server MT4 Discretionary Plan. The broker has notified its clients that the plan will no longer be available after December 13, 2024, marking a shift in the company's services for clients using the MetaTrader 4 (MT4) platform in Japan.
In the midst of the 2021 crypto and NFT boom, celebrities flocked to the burgeoning market of digital assets, promoting Non-Fungible Tokens (NFTs) as the next big thing. Fast forward to 2024, the glitter has faded, and many celebrity-endorsed NFTs have lost their allure. The question remains: what happened to celebrities’ NFTs, and why should this serve as a stark reminder for everyday investors?
Updated forex analysis shows USD weakness, focusing on key levels like EUR/USD, DXY bearish trend, and pivot points for major currency pairs.