When choosing a broker, all traders must be diligent. Examining the broker’s evaluations and reviews, as well as doing research on the broker, is among the ways of being cautious. This is a thorough GrapheneFx review.
GrapheneFx Ltd. is based in the United Kingdom, although it has offices in Australia as well as the Balkans. It is considered a reliable and trusted broker by three important regulatory entities: the NFA, ASIC, and the FSA.
Graphene Fx was established in the United Kingdom in 2012, making it nearly new to the Forex Trade industry, but then they have consistently risen, turning into a predominant player in the Forex business. Since Graphene Fx is managed by three formidable associations; ASIC, NFA, and FSA, it is one of the most secure brokers out there in the market.
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 Standard is the basic account. When we look at pricing and functionality, this type of account seems fair. 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. This account is for individuals who would like to perhaps make more money than the standard one. The minimum payment is approximately 1500 USD or the corresponding amount in another currency.
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 final account type is the ECN Account. This account type is only offered by 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.
Last but not the least GrapheneFx grants a giant pool of forex knowledge to every user based on the account type they are currently using. It is very helpful for new traders and refreshing for veteran traders as the online sessions, youtube videos and seminars add to the trading experience in a good way.