Score
Action Fx Trade
United States|2-5 years| https://www.actionfxtrade.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United States
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Action Fx Trade also viewed..
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Website
actionfxtrade.com
Server Location
Netherlands
Website Domain Name
actionfxtrade.com
Server IP
185.224.137.145
Company Summary
| Action Fx Trade Review Summary in 6 Points | |
| Founded | 2016 |
| Registered Country/Region | United States |
| Regulation | Unregulated |
| Market Instruments & Services | Trading, investment, exchange and loan for cryptos |
| Trading Platform | Proprietary platform |
| Customer Support | Contact us form, email, address, live chat, Whatsapp |
What is Action Fx Trade？
Action Fx Trade, a company originally based in the United States, offers its clients services in trading, investing, exchanging and loading for cryptos including Bitcoin, Litecoin, Ethereum, Bitcoin Cash and XRP. It's important to note, though, that they currently operate without any authorized regulatory oversight, which raises questions about their legitimacy and reliability.
In our forthcoming article, we will provide a detailed and organized review of the broker's services and products. We encourage those who are interested to read on for more in-depth information. We will conclude with a succinct summary emphasizing the unique aspects of the broker for easy comprehension.
Pros & Cons
| Pros | Cons |
| • Fund insurance for customers | • Unregulated |
| • Multiple customer service channels | • No MT4/5 trading platforms |
Pros:
Fund Insurance for Customers: Action Fx Trade offers fund insurance for customers, providing an additional layer of protection and peace of mind. This insurance coverage helps safeguard clients' funds against unforeseen events or potential risks, enhancing trust and confidence in the platform.
Multiple Customer Service Channels: Action Fx Trade provides multiple customer service channels, including a contact us form, email, physical address, live chat, and WhatsApp. This diverse range of communication options allows clients to reach out for assistance and support through their preferred method, promoting accessibility and responsiveness.
Cons:
Unregulated: One significant drawback of Action Fix Trade is its lack of regulation. Operating without regulatory oversight can pose risks for traders, as there are no external authorities ensuring compliance with industry standards or protecting client interests.
No MT4/5 Trading Platforms: Action Fix Trade does not offer MetaTrader 4 (MT4) or MetaTrader 5 (MT5) trading platforms. The absence of MT4/5 platforms may limit the options available to traders and potentially hinder their trading experience.
Is Action Fx Trade Safe or Scam？
When considering the safety of a brokerage like Action Fx Trade or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
Regulatory sight: Presently, this broker operates without any legitimate regulatory supervision, which indeed casts doubts on its authenticity and dependability.
User feedback: To get a deeper understanding of the broker, it is suggested that traders explore reviews and feedback from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms.
Security measures: Action Fx Trade prioritizes client security with comprehensive insurance coverage on customer funds. This ensures protection against unforeseen events, bolstering confidence among traders.
Ultimately, the decision to trade with Action Fx Trade resides with the individual. It is recommended to carefully weigh risks and returns before engaging in any substantial trading activities.
Market Instruments & Services
Investment Services:
Action Fx Trade offers custodial services and applications for managing clients' crypto assets. Trusted by digital asset institutions, the platform prioritizes security, compliance, and reliable custodial solutions.
Exchange Services:
Action Fx Trade provides a user-friendly platform for investors to buy bitcoins using various payment methods. This enables convenient conversion of cash to cryptocurrency without complications.
Loan Services:
Action Fx Trade simplifies access to crypto markets by allowing brokerage customers to utilize buying power from a single account across different venues. This facilitates efficient access to liquidity.
Trading Services:
Action Fx Trade endeavors to create a deep and wide liquidity pool in the crypto market by aggregating liquidity from multiple connected venues. Traders can access a range of popular cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Bitcoin Cash and XRP.
How to Open an Account？
To open an account with Fyntura, you have to follow below steps:
Visit the Fyntura website, locate and click on the 'Register'.
Fill in the necessary personal details required.
Complete any verification process for security purposes.
Once your account has been approved, you can set up your investment preferences and start trading.
Trading Platform
Action Fx Trade's proprietary trading platform claims to offer a range of powerful tools accessible across desktop, web, and mobile devices. Leveraging real-time market data and order execution technology, users can navigate the competitive trading landscape with ease.
The platform provides access to various investment classes, including crypto, stocks, and options, enabling portfolio diversification. Notably, Action Fx Trade boasts a high uptime accuracy of 99.999% for its trading systems to ensure reliability and availability for traders and investors alike.
Customer Service
The broker's customer service offers multiple channels for assistance, including a contact us form, email, physical address, live chat, and WhatsApp. This comprehensive approach ensures accessibility and support for clients across various communication preferences.
Address: 6595 Boles Road Johns Creek, GA 3009, United States.Email: support@ActionFxTrade.com.
Conclusion
Action Fx Trade, headquartered in the United States, offers trading, investing, exchanging and loading services for cryptos including Bitcoin, Litecoin, Ethereum, Bitcoin Cash and XRP to its clients. However, the firm doesn't hold any valid operational regulations which prompts concerns regarding its dedication to regulatory adherence and customers' interest protection.
Thus, we recommend you to undertake investigation before starting any trading activities, or consider other brokers prioritizing regulatory transparency and consumer protection.
Frequently Asked Questions (FAQs)
| Q 1: | Is Action Fx Trade regulated？ |
| A 1: | No. The broker operates with no valid regulatory oversight currently. |
| Q 2: | Is Action Fx Trade a good broker for beginners？ |
| A 2: | No. It is not a good choice for beginners because its not regulated by any recognized authority. |
| Q 3: | Does Action Fx Trade offer demo accounts？ |
| A 3: | No. |
| Q 4: | Does Action Fx Trade offer the industry leading MT4 & MT5？ |
| A 4: | No. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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