FXUnited was established since 2006, which is certainly a long time when compared to the other new Forex brokers, building up in different parts of the world. The company headquarters is in Auckland, New Zealand, and is a registered member of the FSP.
FXUnited is regulated under the name of United Global Holdings Ltd., which serves as the parent company responsible for the brokerage’s financial activities carried out in New Zealand and all over the globe.
FXUnited was one of the growing Forex brokers to look out for during the last few years, however, ever since the introduction of new rules of the regulatory agency that administers the broker, things have been challenging for the firm. However, FXUnited is still measured to be a successful company in the FX markets, and the company’s love with motorsports as well as its affinity towards the automotive world, especially, has added many fans from throughout the world.
FXUnited appears to accept traders from the US, however, the legality of engaging clients from the US without being regulated by the NFA or CFTC is a questionable approach.
Trading Features Offered By FXUnited
FXUnited offers some outstanding features that can be a great instrument for traders in the Forex market. For instance, for both the Standard and the Premium Accounts, FXUnited account deposits starts at just $25. This is certainly a great motivation for traders with a small initial capital.
Both the Standard and Premium accounts are free from SWAPs, which is a good thing for both conventional along with Islamic traders.
FXUnited Deposit and Withdrawal Options
There are several deposit and withdrawal options to help the procedure of making payments safe, secure, and convenient.
Traders can make a deposit or make a withdrawal using credit cards, bank transfers, or through online payment processors like Perfect Money.
It will only take a few hours or a day at the maximum for a successful deposit, however, withdrawals can take a little longer. Customers should expect the company to honor the withdrawal requests except it is in direct violation of their terms and conditions.
The Primary FXUnited Trading Platform
FXUnited platforms range between the WebTrader, MT4 MultiTerminal, and the famous MT4 platform, which is the primary FXUnited trading platform. FXUnited has devoted trading terminals for the PC and Mac.
Traders can also use the WebTrader platform if they don’t have access to a devoted trading desk or computer. WebTraders are not ideal if traders desire to make a general technical analysis of the markets, which needs a dedicated MT4 platform installed on a computer.
FXUnited does support the MT4 mobile platform intended for the iOS and Android.
Traders opening a live account with the company can get 30% welcome bonus on top of their initial deposit and with all additional deposits qualifying for a bonus of up to 100% of the deposit amount.
FXUnited is offering the maximum bonus to make sure that they can impress a significant majority of retail FX traders..
However, it would be better to check their terms and conditions first before accepting bonus. Every client reserve the right to decline the bonus to stop from imposing any trading limitations on their accounts.