Fxedeal Review 2023 | Is Fxedeal Legit Or A Scam?

Key TakeawaysCompany History & OverviewTrading PlatformHow To Place A TradeMarkets & InstrumentsFeesLeverageFxedeal Mobile AppPayment MethodsDepositsWithdrawalsDemo AccountHow To Open A Demo AccountBonuses & PromotionsFxedeal RegulationAccount TypesSilver AccountGold AccountPlatinum AccountPalladium AccountRhodium AccountAdditional ToolsOpening HoursCustomer SupportSecurity & SafetyFxedeal VerdictAccepted CountriesCompare FxedealFxedeal Comparison TableCompare Trading InstrumentsFxedeal vs Other BrokersFAQIs Fxedeal Legit Or A Scam?Is Fxedeal A Good Or Bad Broker?Does Fxedeal Offer High Leverage?Is Fxedeal Customer Support Reliable?Does Fxedeal Offer Competitive Trading Fees?

Fxedeal is an offshore forex and CFD broker offering trading in multiple asset classes. The online brokerage provides MetaTrader 4 compatibility, five account options, and leverage up to 1:500. However, with an opaque pricing schedule and company credentials, should you open an account?

Our Fxedeal review unpacks the broker’s regulatory status, spreads and commissions, trading platforms, and customer support.

Key Takeaways

Fxedeal offers highly leveraged trading on forex, stocks, commodities and cryptos
There is a $100 minimum deposit for beginners that sign up for the Silver account
The broker is not transparent about trading fees, payment options or its regulatory status
Negative user reviews raise concerns about the legitimacy and credibility of the broker

Company History & Overview

Fxedeal is a global broker registered through various entities in the UK, Australia, Hong Kong, and Saint Vincent and the Grenadines. The firm also has an office in Dubai. Yet despite its international presence, the company is not regulated by a trusted financial authority.

Fxedeal aims to become the ‘best forex trading platform to our clients by offering a highly client-centric culture’. To do so, the broker offers the MetaTrader 4 platform and mobile app, hundreds of popular financial assets, plus PAMM/MAM accounts.

Trading Platform

Fxedeal clients can trade on MetaTrader 4 (MT4).

The platform offers an excellent environment to analyze market information, perform manual trades, or set up automated programs. The third-party terminal is powerful and user-friendly. Multilingual in-platform chat and email services are also available to assist with questions or trade setups.

Features include:

Multiple charting views
30+ integrated technical indicators
Access to trading robots (Expert Advisors)
Up to 99 charts can be viewed simultaneously
24 analytical objects such as arrows and shapes
Risk management parameters such as stop-loss and take-profit
Real-time account summaries with your live equity and profit status

The MetaTrader platform can be downloaded to desktop devices or used through popular web browsers.

MetaTrader 4

How To Place A Trade

It is a relatively quick process to open a new trade. The order screen is simple to navigate. Simply click on the second symbol from the left in the second row to get started (white page with a green ‘+’ icon).

Here are the key components required to place an instant execution order:

Symbol – choose the instrument to trade from the dropdown menu
Volume – use the arrow toggles to enter the trading volume
Stop Loss or Take Profit – use the arrow toggles to input the respective price
Comment – optional box to type a note or label for the trade

Markets & Instruments

Fxedeal offers a reasonable range of tradable assets from global markets, including stocks and cryptos. Popular instruments include:

Cryptocurrency – Invest in 5+ popular digital coins including Bitcoin and Ethereum
Indices – Speculate on 10 global indices including S&P 500, FTSE 100 and DAX 30
Stocks – Hundreds of global company shares from countries including the US and UK
Forex – Trade 50+ major, minor, and exotic currency pairs including GBP/USD, USD/AUD, and EUR/GBP
Commodities – Trade 4 precious metals, 3 energies, and 9 soft commodities such as Natural Gas, Brent Crude Oil, Gold, Coffee, and Wheat


Trading fees vary by account type with floating spreads on all profiles. A commission also applies to the Platinum ($10 per lot) and Rhodium ($3 per lot) accounts.

On the downside, there is no pricing transparency in terms of average spreads which makes it difficult to assess the competitiveness of the brand. Fxedeal is also not upfront about any swap fees and inactivity penalties. This is a major drawback vs alternatives.

Note for indices, US Oil, and UK Oil trading, the minimum trading volume is one standard lot. All other products can be traded with a 0.01 lot minimum trade size.


Fxedeal offers leverage up to 1:500, which is aligned with other offshore brokers. Maximum leverage does vary by account type, however:

Silver – Up to 1:500
Gold – Up to 1:400
Platinum – Up to 1:300
Palladium – Up to 1:400
Rhodium – Up to 1:300

Fxedeal Mobile App

MetaTrader 4 offers a fully functional trading app for Android mobile and tablet devices. Users benefit from 24/5 access to the financial markets with full control over their trading accounts.

The mobile app is easy to use, mirroring the features available on desktop software. This includes interactive charts, nine timeframes, and financial news streams. The MT4 application also provides the full set of order types meaning instant executions and pending orders. Open positions can be found in the ‘Trade’ window and full trading history is available in the ‘History’ window.

Payment Methods


Fxedeal does not disclose which payment methods it accepts for deposits and withdrawals. This is another drawback and will make it difficult for global traders to figure out whether it’s secure and cheap to fund trading accounts.

With that said, as an international broker, we would expect the company to support bank wire transfers, major credit/debit cards as well as some e-wallets, such as Neteller and Skrill. Wire transfers typically take between two and five working days while e-wallets and bank cards can provide instant funding.

There is no client agreement document so we cannot confirm if the broker charges any fees to fund live accounts.

Our experts found that the minimum deposit at Fxedeal is $100.


Withdrawals submitted before 10 AM will be processed the same day. Withdrawals requested after this time will be processed the following working day. Note, the time take for funds to be received will vary between payment methods.

How To Make A Withdrawal

Log in to the Fxedeal client portal
Click ‘Withdraw’
Select the payment method and enter the amount to withdraw
Click ‘Submit’

Importantly, account verification must be complete before a withdrawal request can be made.

Demo Account

A demo account is available to potential Fxedeal traders. Users can access $10,000 in virtual funds and leverage up to 1:100.

The account is free to sign up for and there is no time limit. The paper trading profile is a great way to test the broker’s tools and investing conditions.

How To Open A Demo Account

Sign up for an Fxedeal account
Log in to the client office with your registered credentials
Select ‘Accounts’ and then check the ‘Demo’ icon
Click ‘Add New Account’ and then ‘Create Demo Account’
Select ‘Go & Trade’
Sign in to the MetaTrader 4 terminal and start trading risk-free

Bonuses & Promotions

When we used Fxedeal, the broker did not have any live promotions or bonus incentives.

With that said, the promotion page on the broker’s website indicates there are giveaways and contests from time to time. Always review the terms and conditions before signing up.

Fxedeal Regulation

Fxedeal is registered under the company name Edeal Market LLC. The firm claims to run a legitimate business in all major countries of operation including the UK, Hong Kong, and Australia.

Having said that, regulatory oversight is limited to Saint Vincent and the Grenadines Financial Services Authority (SVFGFSA). This is an offshore authority with relaxed joining requirements and lenient operating rules.

The broker also claims to be regulated by the Australian Securities and Investment Commission (ASIC), however, our experts could not verify this and the firm does not appear to adhere to the rules laid out by the ASIC, such as caps on retail trading leverage.

There is also limited evidence of negative balance protection, insurance coverage, or other protection measures. As a result, Fxedeal is not a top-rated trading broker.

Account Types

Fxedeal has five live accounts. The Silver profile has the lowest minimum deposit requirement alongside commission-free trading, making it the best pick for beginners.

All accounts provide access to the full range of trading instruments, a personal account manager, 0.01 lot minimum trade size, variable spreads, and five-digit pricing.

USD is the only accepted account currency, meaning conversion fees may apply when making deposits or withdrawals.

Silver Account

No commission
50% margin call
40% stop out level
Up to 1:500 leverage
$100 minimum deposit
50-lot maximum trade size

Gold Account

No commission
50% margin call
30% stop out level
Up to 1:400 leverage
$250 minimum deposit
65-lot maximum trade size

Platinum Account

50% margin call
30% stop out level
Up to 1:300 leverage
$500 minimum deposit
65-lot maximum trade size
$10 commission per lot

Palladium Account

No commission
50% margin call
30% stop out level
Up to 1:400 leverage
$5000 minimum deposit
100-lot maximum trade size

Rhodium Account

50% margin call
30% stop out level
Up to 1:300 leverage
$1000 minimum deposit
$3 commission per lot
100-lot maximum trade size

How To Open An Fxedeal Account

Select ‘Open Live Account’ on the broker’s homepage
Choose the account type from the dropdown menu
Enter your personal details including name, email and phone number
Agree to the terms and conditions and click ‘Sign Up’
Complete the account verification requirements by uploading identity and proof of address documents

Additional Tools

Fxedeal does not stand out for its access to extra trading tools. Aside from some daily market news, there is a price pivot table and a global economic calendar highlighting major events.

Economic Csle

For beginners, there are no educational materials, copy trading, or step-by-step guides. There is also no third-party software integration or professional analysis.

Opening Hours

Customers can trade on the Fxedeal platform during standard market opening hours. For example, day traders can invest in major global indices 24 hours a day, five days a week.

However, during standard stock market hours, indices are likely to be more liquid and volatile. The FTSE, for instance, may be more volatile during the hours of 8 AM and 4:30 PM (GMT) and the NASDAQ between 2:30 PM and 9 PM (GMT).

Keep an eye out for upcoming public holidays or market closures.

Customer Support

Fxedeal customer support is available 24/5 in several languages. There is also an adequate FAQ section available on the Fxedeal website with common questions and answers. However, the broker does not offer a live chat service, which often provides the most convenient and responsive method.

Contact details:

Email – support@fxedeal.com
Phone – +61280056665 (toll-free)
Online Contact Form – Via the ‘contact us’ page
Office Address – Five addresses; UK, Australia, Dubai, Hong Kong and India

The broker also posts regularly on social media sites such as Facebook and Twitter.

Security & Safety

Although MetaTrader 4 is a secure platform, this does not prove the credibility of Fxedeal. The regulatory concerns, plus the lack of transparency and fund safety measures raise questions about the broker’s legitimacy.

Fxedeal Verdict

Fxedeal may offer a good range of assets, MT4 integration, plus PAMM/MAM accounts, however the hidden fee structure and limited information about the company’s registration details and history are major drawbacks. As a result, we would recommend caution before opening a live account. Consider our alternatives to Fxedeal below.

Accepted Countries

Fxedeal accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Compare Fxedeal

Compare Fxedeal with similar brokers that accept traders from your location. Among available brokers these are the most similar to Fxedeal:

TMGM – TMGM is a competitive forex and CFD broker with a wide range of instruments, features and tools provided at low-cost.

Ingot Brokers – Ingot Brokers is a regulated brokerage with 1000+ instruments, copy trading, and multiple account options.

Vantage – Reliable and affordable trading since 2009. Join over 900,000 others trading on 1000+ CFD products. Trade Forex CFDs from 0.0 spreads on our RAW account through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account less than 2 minutes.

Fusion Markets – Fusion Markets offers low-cost forex and CFD trading via tight spreads. Copy trading, 1:500 leverage plus multiple account types are also available.

Fxedeal Comparison Table

Compare Fxedeal With Similar Brokers

Ingot Brokers
Fusion Markets



Demo Account

Minimum Deposit

Minimum Trade






Payment Methods



0.5 3.4 3.8 4.7 4.5
CFDs, Forex, Stocks, Indices, Commodities, Cryptos CFDs, Stocks, Energies, Indices, Metals, Cryptos, Forex CFDs, Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies CFDs, forex, indices, shares, commodities, cryptocurrencies Forex, CFDs, indices, shares, commodities, cryptocurrencies, metals, energies
Yes Yes Yes Yes Yes
$100 $100 $10 $200 $0
0.01 Lots 0.01 lots 0.01 Lots 0.01 Lots 0.01 lots
Point-based loyalty system Up to 50%
No Yes No No No
MT4 MT4, MT5 MT4, MT5 MT4, MT5 MT4, MT5
1:500 1:500 1:500 1:500 1:500
3 10 11 11 16
Ingot Brokers
Fusion Markets

Compare Trading Instruments

Compare the markets and instruments offered by Fxedeal and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Fxedeal Trading Instruments

Ingot Brokers
Fusion Markets

















Volatility Index

Yes Yes Yes Yes Yes
Yes Yes Yes Yes Yes
Yes Yes Yes Yes Yes
Yes Yes Yes Yes Yes
Yes Yes Yes No Yes
Yes Yes Yes Yes Yes
No No No No Yes
Yes Yes Yes Yes Yes
No No Yes No Yes
Yes Yes Yes Yes Yes
No No Yes No No
No No No No No
No No Yes No No
No No No No No
No No No No No
No No No No No
No No Yes No No

Fxedeal vs Other Brokers

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Is Fxedeal Legit Or A Scam?

Our Fxedeal review has uncovered some concerns about the brand. There are misleading statements about the broker’s regulatory status on its official website. Online customer reviews are also alarming, with worries about scams and an unresponsive customer support team.

Is Fxedeal A Good Or Bad Broker?

Fxedeal is not a leading trading broker. Despite multiple account options, high leverage and a popular trading platform, the lack of publicly available about the firm’s background is a concern. There is also no evidence of negative balance protection or educational content for beginners.

Does Fxedeal Offer High Leverage?

Yes, Fxedeal has high leverage up to 1:500, though this does vary by account type. Silver account holders can trade with the maximum leverage. Gold and Palladium account holders can trade with leverage up to 1:400 and Platinum and Rhodium profiles up to 1:300.

Is Fxedeal Customer Support Reliable?

Fxedeal offers 24/5 multilingual customer service via email and telephone. However, there is no live chat function and complaints online about the quality and reliability of the support provided.

Does Fxedeal Offer Competitive Trading Fees?

Fxedeal is not forthcoming about trading fees, including average spreads and commissions. Having said that, the broker does offer a low minimum deposit of $100 with the Silver profile. There is also a minimum trade size of 0.01 lots and five-digit pricing.

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