In this section we will analyze the broker FXPace (also called fxpace.com), is a Forex, Cryptocurrency and CFD broker. Is FXPace really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You may be wondering why we are reviewing FXPace. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Salvax Limited.
As to its location, the broker mentions being based in: Bermuda.
If we analyze the regulation of the broker: they do not mention anything about being a regulated company, which makes us think that it is an unregulated broker.
If now we go on to analyze account types offered by FXPace, we noticed that they offer 3 different types of account / plans: the Standard Account, the Professional Account and the VIP Account. We leave an image with a little information about each type of account.
Standard Account- Minimum initial deposit of $ 100, leverage up to 1: 500, dedicated account manager 24 hours 5 days a week, direct line to the operations department.
Professional Account- Minimum initial deposit of $ 2.500, leverage up to 1: 500, dedicated account manager 24 hours 5 days a week, direct line to the operations department.
VIP account- Minimum initial deposit of $ 25.000, leverage up to 1: 500, dedicated account manager 24 hours 5 days a week, direct line to the operations department.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that FXPace offers are: the MT4 platform.
We will now analyze the different resources and aids for traders that FXPace provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
FXPace provides the following help or resources to traders or interested parties: explanation of some basic concepts of the world of trading, economic calendar, FAQ section, really not much more than this.
| Other information about FXPace |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: +44 (0) 20 3936 2181
Email: [email protected]
>>> Assessment on FXPace <<
Ending with this section, in our opinion Do we believe that the FXPace company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it is based in unsafe countries (Bermuda), when looking for other reviews about FXPace we mostly find negative reviews, the CNMV, the financial regulator of Spain, has issued a warning against FXPace. We suggest using caution.
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.