FXPlayer Review For Beginners
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 Published On Mar 20, 2023

A step by step tutorial on FXPlayer's offerings including their accounts, instruments, trading applications and more.

This Video Overview Includes:

📢 Trading products
📢 Account types
📢 Trading Platform
📢 Educational resources
📢 And more...

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0:28 Overview
5:31 Trading Platforms
8:46 Account types
11:12 Opening an account
13:26 Educational resources
14:48 Conclusion

Read our Video Script:

FxPlayer was founded in 2014 and is an Introducing Broker of BMFN (Boston Merchant Financial), which is a company that is licensed and regulated by the Australian Securities and Investment Commission (ASIC), the Financial Conduct Authority (FCA) and the Financial Supervision Commission (FSC). As a client, you can use several popular platforms, such as MetaTrader 4 and 5, Currenex and ActTrader. This broker offers multiple account types and low-cost trading on a wide range of Forex pairs, Indices and Commodities. FXPlayer is a No Dealing Desk broker and all accounts use Straight Through Processing (STP) orders, ensuring that you get the best trade execution speeds.

Fxplayer offers a variety of Forex pairs, Commodities and Indices and there are more than 30 tradable currency pairs. With FxPlayer, you can trade Gold (XAUUSD), Silver (XAGUSD), Copper Futures, Crude Oil Futures (USOil) and Brent Crude Oil Futures (UKOil), as well as USA, German, Japanese, Australian, Spanish, French, Italian, Swiss and UK indices. This broker offers variable spreads and the spreads on currency pairs typically start from as low as 0.3 pips. In general, your trades can be leveraged by up to 1:200 when trading with FxPlayer, but the leverage on currency pairs is capped at 1:50 to help clients manage their risks.

As a Fxplayer client, you can use MetaTrader 4 and 5, UniTrader, Currenex, ActTrader and FxPlayer’s proprietary trading platform. MetaTrader 4 was released in 2005 and is currently one of the most popular trading platforms in the world. You’ll be able to use these platforms on desktops, laptops, tablets and mobile devices.

There are 6 types of accounts that you can open with Fxplayer and this broker also offers demo accounts. The live trading accounts you can open with Fxplayer are the Micro account, Mini account, Normal account, Pro account, Institutional account and Flex account. Trades can be leveraged by up to 200 times when using the Normal, Pro, Institutional or Flex accounts and the margin call and stop out levels vary on each account. If you are new to trading then we recommend practicing on a demo account until you have a solid understanding of trading, as there are high financial risks to trading.

FxPlayer provides an Economic calendar, trading calculators and live news streams, so we recommend bookmarking these pages and checking them often to see what’s driving the markets. You can use the Economic Calendar to gain fundamental insights into global Employment Data, Retail markets and Consumer Price Index, economic activities and GDP levels, changes in Monetary Policies and updates on major events in over 70 Central Banks around the world. There is also a Currency converter, a Profit Calculator, a Margin Calculator and a Pip calculator that you can use to refine your trading strategies. As a client, you’ll have access to live news from Bloomberg and CNBC, as well as integrated news and market analysis from the supported platforms.

Overall, Fxplayer offers low commissions and tight spreads on a variety of instruments and there are multiple accounts that you can use. Trading with this broker will give you access to some of the best trading platforms in the world and you’ll have an opportunity to test the tools and features on demo accounts. If you need assistance with managing your account, using the platforms or anything else, you can contact the support team at any time. Fxplayer offers competitive trading conditions and seems safe and reliable however opening an account is done entirely at your own risk and discretion. Remember that trading has high levels of financial risks and online markets are volatile, so remember to trade responsibly and only trust the advice of a professional advisor. We highly recommend reading over the terms and conditions of trading with any broker before making any financial commitments.

Learn more about forex - https://forexsuggest.com/

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