In the forex trade you have to be quick-witted and wise but having an ideal broker also plays a major part in becoming a successful trader. With so many to choose from we picked the one with the most risk-proof features so that any trader new or old can manage their investments efficiently.
Graphenefx was established by finance professionals who have been in the market for over 10 years and it has grown internally to become one of the premier brokerage firms with over $4 million in equity capital.
The ASIC (Australian Securities and Investments Commission) regulates GrapheneFx. GrapheneFx needs the permission of the globe’s main financial regulatory bodies, so it can provide numerous advantages to both itself and its customers. The broker is also a member of the NFA (National Futures Association).
The NFA (National Futures Association), based in the United States, is one of the most renowned financial organizations, making sure that the entirety of its members adheres to regulatory standards.
Furthermore, the FSA (Financial Services Authority) of St. Vincent and the Grenadines regulates GrapheneFx as a Global Forex Broker. The FSA (Financial Services Authority) was founded to act as a regulatory entity to oversee specific financial organizations, including financial services companies, as well as to deliver regulated topics.
When traders are evaluating a broker, they first check the firm’s recognition and accomplishments. When checking GrapheneFx in this aspect, we see that it has won numerous significant awards from an array of organizations.
It has won two awards from the International Forex Awards, a prestigious organization that evaluates all Forex brokers based on a set of criteria and picks the best. GrapheneFx received Best Forex Trading Support and Best Forex Customer Service Awards from the International Forex Awards in 2019 and 2021, respectively. In 2018, GrapheneFx was also given the Fastest Growing Forex Broker award by World FX Award, a reputable institution in the Forex awards field.
The company is offering four different account types. These accounts are different from each other in terms of features and prices, but they are all suited for a wide range of users.
This is the basic account. A deposit of at least $100 is needed. Since there’s a high amount of competition, pip values on sale start at 0.4 and can be reduced significantly. Also, there is a $6 fee for every lot.
Another option is the Prime Account. Suitable for individuals who would like to perhaps invest and earn more than the standard one. The minimum payment is approximately 1500 USD or the corresponding amount in another currency. Compared with the standard account, the pip value is greater i.e. from 0.1 to 0.4. The fee that comes with every lot is fixed at 4 USD.
The third account type is G-Plus. Because G-Plus has a lower commission rate than Prime, some traders favor it. A minimum deposit of 3000 USD (or the corresponding amount in a different currency) is required to open an account. The pip values, which range from 0.1 to 0.3, are close to those of the Prime Account. With every lot, there’s a 2 USD commission.
The final account type is the ECN Account. This account type is often offered by trustworthy and reliable FX brokers. ECN Account requires a minimum deposit of $10,000 USD. There aren’t any commission fees on any of the lots that users have to worry about.
When users are trading, GrapheneFx does not charge any extra costs. Traders may sit and relax and feel safe in the knowledge that all of their investments are protected and secured, with no extra charges involved. There aren’t any withdrawal costs to be concerned with, and no inactivity fees also. This allows the user more freedom, and also the assurance that they won’t have to pay anything else to keep their account active and trade.
Clients can start trading on the conventional MT4 (MetaTrader 4) and MT5 (MetaTrader 5) immediately. For merchants that need specific essential elements, the specialist’s WebTrader is another decision.
The Web Trader is the ideal platform, the Meta Trader is slower and has some features missing. GrapheneFx is providing quite a few trading options, along with up to forty charting tools, market trends, and news updates. The notification tool is without a doubt the best in the industry.
Every one of the basic trading tools, as well as a live market feed, watchlists, and alerts, are included in the MT platform, which is accessible in MetaTrader4 and MetaTrader5 editions. For those that like classic trading methods, the MetaTrader platform is ideal. Because it does not have its own trading platform, GrapheneFx lags behind several other brokerage firms in the industry, and it needs improvement in order to stay current.
Anyone can use the educational materials offered by the broker. These materials consist of Forex video lessons, YouTube videos, Zoom Forex, and exclusive courses. Users can access all of this information based on their trading experience and the account they’ve set up.
GrapheneFx does not only help clients open accounts but also provides assistance on a variety of topics. The customer is treated as if they were a close friend, and the broker goes to great lengths to ensure that the clients’ investments are protected and that they have access to the best offers accessible during trading sessions. They emphasize their commitment to providing consumers with the best environment in which to continue to improve as traders by highlighting trading ideas, fundamental understanding of trading and agreements, spreads, and how leverage may be beneficial both in the short and long term.