Introduction
Foreign exchange (FX) and cryptocurrency markets have been growing in popularity in recent years. With this growth has come an increase in the number of startups and initiatives seeking to enter these markets. One such initiative is FXM Venture, a foreign exchange market platform that aims to provide users with a regulated, safe and user-friendly environment in which to trade FX and digital assets. In this blog post, we will review FXM Venture, their approach to regulation, the platforms they offer, the instruments available on those platforms and user ratings.
What is FXM Venture?
FXM Venture is a trading name of FXM Ventures Ltd, a company registered in England and Wales with company number 11368706. Their registered address is at Kemp House, 152 City Road, London EC1V 2NX.
FXM Venture is an online broker offering trading in forex, CFDs and cryptocurrencies. They offer three account types – Standard, VIP and Platinum – with leverage up to 1:500 and spreads from 0.0 pips. Minimum deposit for a Standard account is $250, for a VIP account it’s $25,000 and for a Platinum account it’s $100,000.
Instrument diversity isn’t great at FXM Venture. You can trade forex (major, minor and exotic pairs), precious metals, energies and cryptocurrencies but that’s it. Indices are also available to trade as CFDs but there are only 10 of them and they are all major US or UK indices with the exception of Japan 225. Again, this falls well short when compared to other brokers who offer 20-30+ indices including many more international ones than just US or UK markets. The same goes for commodities – you can trade 4 of them as CFDs (gold, silver, oil and natural gas) which is very limited compared to other brokers who offer 8-10+. So if you like to trade a diverse range of instruments then FXM Venture probably isn’t the broker for you
The Different Types of Accounts Offered
Different types of investment accounts are offered by FXM Venture. The main types of account are:
-Managed accounts: These are accounts where the broker manages the investments on behalf of the client. The client will deposit funds into the account, and the broker will then use these funds to trade on the markets. This type of account is suitable for investors who do not have the time or knowledge to trade themselves.
-Self-managed accounts: These are accounts where the client manages their own investments. The client will deposit funds into the account and then trade on the markets themselves. This type of account is suitable for investors who have the time and knowledge to trade themselves.
-Demo accounts: These are accounts which allow the user to practice trading without using real money. Demo accounts are useful for new traders who want to practice trading before risking their own capital.
The Platforms Used
FXM Venture is a brokerage firm that offers online trading services to its clients. The company is based in the United Kingdom and is regulated by the Financial Conduct Authority (FCA). FXM Venture offers two types of trading platforms to its clients: the MetaTrader 4 (MT4) platform and the WebTrader platform.
The MT4 platform is a popular choice among online traders as it offers a wide range of features and tools that can be used to analyze the markets and make informed trading decisions. The WebTrader platform is a web-based platform that is designed for beginner traders who want to get started with online trading.
Both platforms offer a variety of financial instruments including forex, CFDs, metals, energies and indices. FXM Venture also provides its clients with access to a demo account so that they can practice trading before risking their own capital.
The Instruments Traded
When it comes to the instruments traded on FXM Venture, there is a good variety available. This includes forex pairs, cryptocurrencies, commodities, stocks and indices. In terms of forex pairs, there are over 50 available to trade. This includes all the major currency pairs such as EUR/USD and GBP/USD, as well as some more exotic ones such as EUR/TRY. When it comes to cryptocurrency pairs, there are 14 available. These include all the major coins such as Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), as well as some less well-known ones such as Ripple (XRP) and Monero (XMR). There are also 11 commodity CFDs available to trade on FXM Venture. These include popular commodities such as gold, silver and oil, as well as some agricultural commodities such as corn and coffee. In terms of stocks, there are over 250 available to trade from a range of different countries including the US, UK, Germany and Japan. Finally, there are 22 indices CFDs available which cover key markets such as the US Dow Jones and S&P 500, UK FTSE 100 and Germany DAX 30.
User Ratings
The FXM Venture platform is highly user-friendly. The menus are straightforward and easy to navigate. The trading tools are powerful and provide a great deal of flexibility. Overall, we found the platform to be very user-friendly.
The account opening process is very simple and only requires a few pieces of information. We were able to open an account and start trading within a few minutes. Deposits and withdrawals are processed quickly and efficiently.
customer service is excellent. We had several questions during our testing and each time we contacted customer service they were quick to respond and provided helpful and knowledgeable answers to our questions.
Overall, we were very pleased with our experience with FXM Venture. The platform is user-friendly, the account opening process is simple, deposits and withdrawals are processed quickly, and customer service is excellent.
Regulations
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or Over The Counter (OTC) market for the trading of currencies. This market determines the foreign exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market.
The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency’s absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: 1 USD is worth X CAD, or CHF, or JPY, etc..
The foreign exchange market assists international trade and investments by enabling currency conversion. For example, it permits a business in the United States to import goods from European Union member states, especially Eurozone members, and pay Euros even though its income is in United States dollars. It also supports direct speculation and evaluation relative to other currencies and securities. In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying with some quantity of another currency.
Conclusion
All in all, FXM Venture is a reliable and user-friendly forex broker that offers a wide range of features and services. It is regulated by CySEC and has a good reputation among users. The platform is easy to use and offers a wide variety of instruments to trade. Overall, we would recommend FXM Venture as a good choice for both beginner and experienced forex traders.