FXJET Review – What to expect from the broker

FXJET is subordinate company of Bogo Finance Capital Markets – a CySEC and FCA regulated broker. FXJET features forex and CFDs on commodities and indices. The minimum spread is for EUR/USD 1.4 pips*, the minimum deposit is set at as little as $5.

What do we cover in our FXJET Review?


General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about the broker

  • Website address: www.FXJET.com
  • Leverage: up to 1:30
  • Instruments: CFDs – FX, Commodities, Indices
  • Minimum deposit: $5
  • Demo account: Yes, free of charge ($50k fake money)
  • Methods of deposit and withdrawal: Wire Transfer, Credit and debit cards

FXJET Trading Platform

For FX and CFD trading, FXJET offers MT5. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT5 can be downloaded to any computer or can be accessed via just a web browser or a mobile application.

FXJET Spreads

As any other CFD broker, FXJET charges a spread fee. For the most current spread charges, please visit the FXJET.com website. Here is a spread comparison table that contrasts FXJET spreads with popular industry competitors.


Asset EUR/USD USD/JPY GBP/USD AUD/USD
FXJET* 1.4 1.4 1.8 1.8
Plus500** 0.6 0.7 1.1 0.6
IQOption** 1.2 0.9 1.5 1.6

*Spreads recorded on 07.06.2019 at 19:22 GMT, information about spreads was taken from the website of the broker. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.

To sum up the FXJET Review

FXJET adheres to strict regulatory guidelines of the CySEC (Licence Number: 321/17) and FCA. The broker offers decent spreads on most assets, there is, however, also a commission fee for CFD trades 10 $/€ per lot per side (not applied to forex trades). The amount of available CFDs is quite restricted, there are no CFDs on stocks nor cryptocurrencies.

 

Your review can make a difference to other traders, please leave a comment if you have any personal experience with FXJET.



Michael
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