FXnity Review -Does It Provide Investment Options?- WikiFX​

FXnity Information

FXnity is an online trading platform offering a wide range of financial instruments, including forex, cryptocurrencies, stocks, indices, commodities, and metals. With a variety of account types and competitive leverage options. The platform primarily uses cTrader, while offering diverse tools and competitive spreads. However, due to the regional restriction, the service on this platform isn't available worldwide.

Pros & Cons

Is FXnity Legit?

FXnity is registered in Costa Rica under the name FXnity Sociedad De Responsabilidad Limitada. However, it currently lacks valid regulatory oversight, which is a significant concern for potential investors.

What Can I Trade on FXnity?

FXnity offers a diverse range of financial instruments:

• Forex: Major and minor currency pairs.
• Cryptocurrencies: Bitcoin, Ethereum, Litecoin.
• Metals: Gold, silver, oil.
• Indices: Various global indices.
• Stocks: Shares from multiple markets.
• Commodities: Precious metals.

Account

Unlike most broker who offer multiple account types, FXnity offers only one standard account on it's platform.

Leverage

FXnity offers leverage up to 1:500, allowing traders to control larger positions with a smaller capital outlay. However, high leverage increases both potential profits and risks, so it should be used cautiously.

Fees

FXnity charges different fees based on the asset class, but in most occasions, stocks/shares and cryptocurrencies are commission-free, and they charge $2.50 per standard USD lot per side commission.

Trading Platform

Traders on this platform get access to cTrader, which is available on Windows, macOS, iOS, and Android devices.