FxSway Review 2025
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Updated:
Reason to avoid: No license
Listed Date: January 19, 2024
Top 3 Forex Brokers
Beware FxSway is a Non-Regulated Broker. It is NOT SAFE to trade
Advertising Disclosure
Updated:
Reason to avoid: No license
Listed Date: January 19, 2024
Beware FxSway is a Non-Regulated Broker. It is NOT SAFE to trade
No, FxSway cannot be considered a secure broker due to its absence of a credible license from a prominent regulatory body. Trading with unregulated or offshore brokers poses a higher level of risk due to the lack of oversight, investor protection, transparency, etc.
🏢 Registered in | No registration |
🗺️ Type of License | No license |
🛡️ Is FxSway safe to trade? | No |
🗺️ Recommended Licenses | FCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
With FxSway traders have access to Forex, Crypto, Stocks, Indices, and Commodities trading. According to the broker's website, FxSway assures low commissions, favorable prices, rapid execution, and expert support. The broker enables access to free trading tools, in-depth market analysis, 100+ order types, trader's calculator, etc.
However, when it comes to closer research, there are always important aspects for traders to know about unregulated brokers like FxSway:
After conducting extensive research, we have uncovered notable apprehensions regarding the reliability of FxSway and its compliance with regulatory standards. As a result, we are unable to provide a positive rating for FxSway.
Ranking | FxSway | Trading 212 | TradeStation |
---|---|---|---|
Our ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Trading Conditions | Trading Environment |
Considering the concerns surrounding FxSway Broker reliability and security, we highly recommend traders to explore alternative options that provide more stringent regulations and enhanced trading conditions. Below is a list of reputable brokers offering trustworthy choices and a secure trading environment for consideration:
To fund their FxSway accounts traders just need to log in to their trading accounts, go to deposits, choose one of the available crypto (BTC, ETH, XRP, LTC, DOGE & USDT), and invest.
FxSway offers several account types: Standard, Var, Pro, and Mini. Each account type offers different conditions to meet various trading expectations, FxSway login is easy to process and is accessible via the website.
The highest leverage for all the account types is 1:500. For the Pro account type spreads are considerably low, starting from 0.4 pips. Var accounts do not have any commissions, whereas, for Standard, Pro, and Mini accounts commissions range from $1 to $9 per lot.
Analyzing the information collected on FxSway, significant doubts arise regarding the broker's reliability and credibility. The absence of proper regulation raises substantial concerns. Furthermore, the multitude of negative client reviews should not be overlooked. It is recommended to prioritize brokers with stringent regulations, a good market standing, and transparent trading conditions.
To avoid risks often associated with trading through unregulated or offshore brokers, we always recommend choosing a reliable broker that holds licenses from reputable authorities like FCA, ASIC, or CySEC. There are many regulated brokers that are both reliable and have exceptional offerings, such as BlackBull Markets, Go Markets, and HYCM.
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