FX Corp Review: Assessing Performance and Services

FX Corp Review

People become tired of looking for a trustworthy broker, so they fall prey to fraud and invest their money with unfamiliar ones. But fortunately for you, our FX Corp review will provide you with all the information you require about this broker so that you can make a wise choice. 

To learn more about Amana Capital, DominionMarkets, and Soltechx, read our reviews of these brokerage firms.

What Is FX Corp?

FX Corp Sydney is an Australian-based brokerage company founded in 2013, operating from Level 14 1 Castlereagh Street, NSW, 2000, Australia. It is a regulated broker, with years of experience behind them, specializing in foreign exchange. 

FX Corp appears safe and their website looks alluring at first sight. But investors need more assurance than that to trade with this broker. That is why we conducted a thorough investigation of FX Corp so you can trade with them confidently. 

FX Corp
Legal name: FX Corp Pty Ltd
Regulation: Regulated by ASIC and AUSTRAC
Registered in: Level 14 1 Castlereagh Street, Sydney, NSW, 2000, Australia.
Established: 2013
Website: www.fxcorp.com.au 
Financial Authorities Warnings: None
Contacts: Phone: 02 8076 9535

Email: [email protected], [email protected] 

If a withdrawal is possible: N/A
Fees: Hidden fees
If Active on Social Media: Yes
Investor Protection: No

Regulation Info

FX Corp Australia is authorized to deal in and provide advice regarding derivatives and foreign exchange contracts under the terms of an Australian Financial Services License (AFSL 459050) granted by the Australian Securities and Investment Commission (ASIC). ASIC imposes strict financial duties on AFSL holders concerning solvency, liquidity, and minimum capital requirements. 

With the AUSTRAC membership number 100390951, FX Corp is also governed by the Australian Transaction Reports and Analysis Centre (AUSTRAC) in accordance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.

FX Corp Pty Ltd Profile

Highlight of FX Corp' customizable trading dashboard in the broker review

Although we already know that FX Corp is regulated, can we trust it? It’s important to remember that not all licensed brokers are trustworthy. Although your money is protected, that doesn’t guarantee your safety. We are revealing these additional issues in this FX Corp review specifically for you. 

Trading platforms: None 
Account types: Spot Contracts, Forward Contracts, and Option Contracts
Financial Instruments On Offer: Foreign Exchange
Maximum leverage: N/A
Minimum Deposit: N/A
Commissions/bonuses: N/A
Mobile app: No
Desktop app: No
Autotrading: No
Demo account: No
Education or Extra tools: N/A

Traders Reviews of  FX Corp Pty Ltd – Sharing Experiences

We were surprised to discover that there weren’t many reviews for FX Corp. Simply put, their four Google reviews are insufficient for evaluation, especially given that they were published three years ago. Given that FX Corp was founded in 2013, we anticipated finding quite a number of reviews. Although we can’t truly call this a warning sign, it is something to be on the lookout for. 

Regulated status is important, but it’s just one of many qualities to look for in a broker. If you are looking for a transparent broker, get in touch with us today and we will help you find him. 

How FX Corp Reach Clients and Who Are They?

The older the company, the better it is. FX Corp was well-known before NinjaTrade acquired it, thus one way they draw clients is by being regulated, and well-known, and also by offering a physical location for in-person contacts if necessary. 

FX Corp clients mostly come from: 

  • Australia 
  • France
  • India
  • United States
  • Belgium

It’s good to see that the majority of their clients can rest assured that they are dealing with a regulated broker. We don’t believe this broker is the greatest, despite the fact that he is regulated. There are many additional licensed brokers available, and all you have to do is to get in touch with us and we will help you find them. 

Deposits and Withdrawal Methods

Only wire and telegraphic transfers are accepted as payment methods. Funds can be sent between people, companies, and financial organizations using wire and telegraphic transfers, which are popular and well-established procedures.

FX Corp has no minimum deposit requirement because they specialize in foreign exchange, which sets them apart from other brokers. They offer a Foreign Exchange Contract, which is an agreement to exchange a specific amount of money in two currencies on a future settlement date. You tell them the currencies and the amount, and the settlement day.

It is crucial to keep in mind that once you accept the rate over the phone, you are bound by it, as it is stated in their T&C. 

Pros and Cons Of FX Corp

Pros Cons
  1. Regulated by ASIC
  2. Years of experience 
  3. Physical presence
  1. Lack of transparency
  2. Not accepting Credit Cards
  3. No client reviews

Opinion of Our Safe Trading Experts of FX Corp Pty Ltd

Overall, I believe we can all agree that trading with FX Corp is safe and secure. Although we feel that they lack transparency, we must also recognize that they are unique among brokers because they only focus on currency exchange and sending money abroad. 

We could say that FX Corp is only for those who are interested in currency exchange and isn’t for everyone. We can assist you in locating a trustworthy broker, depending on what you want to trade with. For a free consultation, get in touch with us today. 

FAQ Section

Is FX Corp Legitimate?

FX Corp is regulated by a trustworthy regulator ASIC in Australia, so we can consider them to be legitimate. Although a part of their clients are from countries FX Corp is not regulated in, we can say that for Australian Investors, they are a great choice.

How To Start Trading Safely?

Regulated brokers are the primary source of safe trading. To find out which ones best suit your preferences for trade and the legal requirements in your nation, get in touch with our team.

How Can You Help Me Choose the Best Forex or Crypto Broker?

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