Introduction
FxBoom.com is a website that provides information on the foreign exchange market. It includes articles on forex trading, regulation, trading platforms and instruments, as well as pros and cons of the website.
About FxBoom
FxBoom is a website that provides information on Forex trading. The website offers a variety of resources for those interested in learning about Forex trading, including articles, tutorials, webinars, and more. In addition, FxBoom also provides a variety of tools and services for those who are already involved in Forex trading.
Some of the topics covered on FxBoom include:
-What is Forex Trading?
-How to Start Trading Forex
-The Different Types of Forex Trading Platforms
-Forex Trading Instruments
-Pros and Cons of Forex Trading
FxBoom is a valuable resource for both beginners and experienced traders alike. The website provides a wealth of information on all aspects of forex trading, making it an ideal one-stop shop for those interested in learning about this type of trading.
Regulations
FxBoom.com is a company registered in the Republic of Seychelles and its activities are regulated by the Financial Services Authority (FSA) of Seychelles. The company is also a member of the International Financial Commission (IFC), an independent self-regulatory organization that provides compensation to traders in case of broker’s bankruptcy.
The broker offers two types of trading accounts – Standard and ECN account, both with variable spreads and leverage up to 1:500. The minimum deposit for a Standard account is $100 and for an ECN account it is $1000. The broker does not charge any commission on trades.
The platform offered by FxBoom.com is the MetaTrader 4 (MT4), which is available as a desktop application, web-based platform and mobile app. The MT4 offers a wide range of features and tools for technical analysis and automated trading via Expert Advisors (EAs).
The broker offers a good selection of tradable instruments including major, minor and exotic currency pairs, metals, energies and CFDs on indices and cryptocurrencies. Cryptocurrency trading is available only on the ECN account with a leverage up to 1:3.
Overall, FxBoom.com is a reliable broker offering tight spreads, good selection of tradable instruments and high leverage. The broker is also regulated by an independent authority providing protection to traders’ funds in case of broker’s insolvency
Trading Platforms and instruments
FxBoom is an online broker offering a wide range of trading platforms and instruments for its clients. The company is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and offers a variety of account types to suit different traders’ needs.
The FxBoom trading platform is a web-based platform that offers a user-friendly interface and a wide range of features and tools. The platform is suitable for both beginner and experienced traders.
The company offers a variety of tradeable instruments, including major and minor currency pairs, precious metals, CFDs, and cryptocurrencies. FxBoom also provides its clients with a selection of research tools and resources.
Pros:
– Regulated by the FCA
– Variety of account types available
– User-friendly trading platform with a wide range of features
– Wide selection of tradeable instruments
– Research tools and resources available to clients
Cons:
Pros and Cons
FxBoom is a website that provides information on forex trading. The website includes a section on regulations, trading platforms and instruments, and pros and cons.
The Pros:
-FxBoom offers many features that can be useful for forex traders including analysis, signals, tips, education, and more.
-The website is easy to navigate and has a clean design.
-FxBoom provides a demo account so that users can test out the platform before committing to a real account.
The Cons:
-The website does not offer much in terms of customer support. There is no live chat or phone number listed on the site.
-There are some negative reviews of FxBoom online from users who have had problems with the platform or who feel that the site is a scam.
Conclusion
FxBoom.com is a regulated online broker that offers access to the global financial markets. The company provides its clients with a wide range of trading platforms and instruments, as well as competitive spreads and leverage. Although the company has some cons, such as high minimum deposit requirements and limited customer support, overall it seems to be a good choice for online traders looking for a reliable broker.