FazoFX-Some Important Details about This Broker

General Information

Registered in the Saint Vincent and the Grenadines, FazoFX is an offshore forex broker providing easy access to a massive financial market, such as Forex, Crypto, Metals, Commodities, Share CFDs. With the FazoFX platform, three types of trading accounts are available, and the minimum deposit to open Standard account starts from $100, and the maximum trading leverage that traders can use is up to 1:500.

FazoFX is operated by FazoFX Liquidity Corp Limited, a company registered by St.Vincent and the Grenadines, license number BC26458.

Market Instruments

With the FazoFX platform, five classes of trading instruments including Forex, Crypto, Metals, Commodities, Share CFDs are all available through this brokerage platform.

Account Types

FazoFX provides three types of trading accounts to accommodate varying needs of different traders, namely Standard, Professional, and Raw ECN. To open a Standard account, an acceptable initial deposit of $100 is required. The Professional account is suitable for those professional traders and asks for an initial deposit of $1,000. The Raw ECN account is ideal for experienced traders and scalper, requiring an initial deposit of $10,000.

How to open an account with FazoFX？

Opening an account with FazoFX is an easy and simple process:

1. Click the “Open Account” link, and fill up some required details on the popping-up page.

2. Upload your personal data for this company to verify your details.

3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.

Leverage

When it comes to leverage, FazoFX permits its clients to use leverage of up to 1:500, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

Spreads and commissions are determined by trading accounts. The Standard and Professional account offers a zero-commission trading environment, accompanied by average spreads. The Raw ECN account offers extremely competitive spreads, with a commission of $5 with swap.

Trading Platform

FazoFX provides access to the industry-leading MT5 trading platform, which can be accessed on any device, Windows, Desktop, IOS, and Android. The MT5 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as robust charting package.

Demo accounts are also available with this broker, and beginners can use demo account to gain a feel of this platform and practice their trading skills.

Payment Methods

The minimum deposit to trade with FazoFX is $100, and this broker allows its clients to make a deposit and withdrawal through multiple payment methods, including VISA, MasterCard, Maestro, VISA Eletron, Skrill, Neteller, FasaPay, Swift, etc.

Customer Support

Clients have any inquiries or trading-related issues can also get in touch with Culture Capital through the following channels:

Telephone: +971505718624

Email: info@fazofxcorp.com

Whatsapp

Or you can also follow this broker on some popular social media platforms, such as Telegram, Twitter, Facebook, Youtube, Instagram, etc.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. 80% of retail investors accounts lose money when trading CFDs with this provider. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.