All traders must be careful when selecting a broker. One way of being careful is looking into the broker’s reviews and ratings, and reading about them. This here is a comprehensive GrapheneFx review.
GrapheneFx Ltd. is headquartered in the UK, but it also has offices in Australia and the Balkans. GrapheneFx is regarded as a credible and dependable broker by three key regulatory bodies: the NFA, ASIC, and also the FSA.
GrapheneFx’s Regulation
The broker is supervised by the Australian Securities and Investments Commission (ASIC). In order for GrapheneFx to provide several benefits to both itself and its clients, it requires the approval of the world’s leading financial regulatory authorities. GrapheneFx is a member of the National Futures Association (NFA) as well.
The National Futures Association (NFA), which was founded in the US, is among the most well-known financial institutions, guaranteeing that all of its members comply with regulatory requirements.
Finally, as an International Forex Broker, GrapheneFx is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines. The Financial Services Authority (FSA) was established as a regulatory authority to monitor certain financial enterprises, such as firms in the finance sector, and to supply regulated subjects.
Achievements of GrapheneFx
When traders look into a brokerage firm, one of the very first things they look at is the achievements and the awards that the broker gets. When we look at GrapheneFx in this context, we can clearly observe that it has received a number of prestigious awards from various organizations.
It has received two honors from the International Forex Awards, a respected organization that analyzes all FX brokers based on a variety of factors and selects the greatest ones among them. The International Forex Awards awarded the broker with Best Forex Trading Support in 2019 as well as Best Forex Customer Service Awards in 2021. In addition, World FX Award, a respected organization in the FX awards area, gave GrapheneFx the Fastest Growing Forex Broker award in 2018. Lastly, Global Fintech Awards gave the broker the title of Most Trusted Forex Broker in Asia. Global Fintech Awards is also among the institutions that scrutinize all global and regional brokers with their own experts and honor the finest.
Account Options on GrapheneFx
The broker provides four distinct account options for Forex trading. These accounts have different features and fees, but they are all suitable for a wide variety of individuals.
The first account is The Standard. This kind of account appears to be pretty adequate in terms of pricing and features. A minimum deposit of 100 USD is required. Pip values on sale start at 0.4 and maybe significantly decrease due to the high level of competition. Also, there is a $6 charge for each lot.
Prime Account would be the next choice. This account is for those who want to generate a little bit more profits than the normal one. The minimum payment is around 1500 USD or the equivalent in a different currency. The pip value is high in comparison to the regular account, ranging from 0.1 to 0.4. The fee for every lot is set at 4 USD.
G-Plus is the 3rd account option. Some users choose G-Plus over Prime since it has a reduced commission rate. To create an account, a minimum deposit of 3000 USD or the equivalent of that sum in another currency is necessary. The pip values are comparable to those of the Prime Account, ranging from 0.1 to 0.3. The commission for each lot is set at 2 USD.
The ECN Account is the last account type on this list. Reputable and reliable forex brokers typically offer the ECN Account. A 10,000 USD minimum deposit is required for this account type. There is no commission charged on any of the lots.
Costs
The broker doesn’t collect any additional fees when clients are trading. Users can relax and be secure in the knowledge that every one of their assets is secure and safe with no need for additional fees. There are also no withdrawal fees to stress about, and there aren’t any inactivity fees to worry about either, this gives the trader additional freedom, as well as the comfort that they didn’t have to pay any further to maintain their account alive and trade.
Platforms
Clients may immediately start trading on the conventional MT4 (MetaTrader 4) and MT5 (MetaTrader 5) platforms. The broker’s WebTrader is another option for users seeking certain pre-requisite capabilities.
Since the current MT is sluggish and lacks some capabilities, like larger-scale customization, the Web Trader is the best option. GrapheneFx offers a wide range of trading alternatives, as well as 40 charting features, market trends, and news updates. Clients may personalize their alerts to practically anything, including the little movements in the marketplace on a particular watchlist, big changes in the live stream, and the accessibility of different currencies or indexes. The notification feature is clearly the best in the business.
The MetaTrader interface, which comes in MetaTrader4 and MetaTrader5 editions, includes all of the necessary trading tools and also a live market feed, watchlists, and alerts. The MT platform is excellent for people who like traditional trading methods. GrapheneFx falls behind some other brokerage firms in the business since it doesn’t have its own specific trading platform, and it needs to improve this in order to keep up with the times.
Teaching Materials
The training materials created by the broker can be used by anybody. These goods include Forex video courses, videos on Youtube, Zoom Forex, special lessons. Traders can view all of this data depending on their trading expertise and the account they’ve established.
They not only assist people in opening accounts, but they also offer guidance on a number of issues.
The client is served as if he or she were a personal friend, and GrapheneFx does everything in its power to guarantee that the customers’ investments are safe and that they may take full advantage of the finest deals available during market hours. They stress their dedication to providing customers with the ideal atmosphere to keep improving as traders by emphasizing trading ideas, standard understanding of trading & contracts, spreads, and also how leverage could be helpful both in the short and long run.
GrapheneFx Foundation
One of the key characteristics that distinguish GrapheneFx from other brokers is that it works with a variety of foundations. Their motto, “Future, Together,” highlights the necessity of cooperation in shaping the direction of our future.
Grown, is the broker’s sister firm. Grown is working with a number of significant foundations to help them and form partnerships with GrapheneFx. Some of these organizations are Develop Africa, Ripple Africa, Microloan Foundation, and Charity Water. Despite their different aims, the major purpose of these organizations is to improve the world in terms of economical development, equality of the sexes, sustainability, and access to safe drinking water as well as sanitation.
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