168FX Broker Review
168FX (also known as 168 Financial Technology Co. Ltd) is a leading Chinese finance company who provides investment consultancy services, gold transactions and forex trading online. Aimed primarily at Asian customers, 168FX forms their basis on the provision of timely information, high quality information technology and a strong financial ability. Supply a new trading experience to its overseas customers as well as those based in China, 168FX has a rapid execution model which offers professional analytical tools and a user friendly platform interface. The company has administrative offices in cities and countries worldwide including Shanghai, Shenzhen, Hong Kong, London, New York and Australia. As it operates in many languages, this provider can serve global customers effectively and its performance has been recognised in its award from the China Forex Expo for Best Social Trading Platform.
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Which Assets are Available for Trading and What Trading Platform is Used by 168FX?
168FX offers the following instruments for trading:
- Precious metals
- Equity indices
168FX have taken the decision to offer the popular and high quality MetaTrader 4 trading platform, which leads the way across the industry as one of the most reliable, rapid and user friendly options available. Easy to use for both novices and experienced investors alike, this trading platform offers many impressive tools and features to facilitate and improve the trading experience and always ensures fast trade executions which is essential. Some of its features include:
- No re-quotes
- No rejections
- Flexible leverage from 1:1 to 100:1
- More than 100 instruments for trading
- Low spreads from 0 pips
- Expert Advisor functionality
- 1 Click Trading
- Inbuilt news functionality
- Technical analytical tools
- 50 Indicators & Charting Tools
- 3 Types of charts
- Optional micro lot accounts
- Hedging is permitted
- VPS functionality
The MT4 platform can be accessed via numerous methods so, whether you prefer to use your laptop or home PC to place a trade or whether you want to check your investments while out and about, there is no problem thanks to the convenient access for mobile users. The 168FX website provides a link where the software can be loaded to a Mac or PC as well as links to downloads for tablets and smartphones. The MT4 platform has been designed to cope with the needs of modern investors and flexibility and mobility is a key part of this. The downloadable software for mobile devices allows complete access to the investor’s trading portfolio and has the functionality to allow for management of multiple trading accounts, executing trades and monitoring market movements while on the move 24 hours a day. The mobile software also offers a range of analytical tools and graphical displays of quotes for even better account management, all at the same speed as would be expected from a PC.
Accounts Offered by 168FX
168FX offer accounts that are well suited to the needs of different kinds of investor. All of the accounts offer many benefits including:
- Low Spreads
- No re-quotes
- Low minimum deposit limits
- Unlimited access to the MT4 trading platform
- Free transfers
- Access to the MT4 download centre
- 24 hour access to the customer support team
Those who are brand new to the financial markets will appreciate the support and advice offered by 168FX to those who are trying to gain a basic awareness of Forex trading. Beginners can benefit free easy registrations and free training as well as the services of a personal manager.
Those with a little more experience in the market can take advantage of the best possible spreads from a minimum of 0.3 points. With high leverages offered and access to the most reliable trading platforms, 168FX has plenty to offer those who already have some ability in the financial market.
168FX offers excellent partnership conditions with up to an 80% market share and up to $660 CPA.
Customer Service and Banking Services
168FX is keen to create a stable, reliable and low risk profit model for investors across Asia and overseas, and to that end, they provide an impressive range of transaction varieties to suit the preferences of a broad range of investors’ preferences. Whether you want the safety of a tried and tested payment method or would prefer to take advantage of the many benefits that the contemporary e-Wallet options provide, 168FX has a banking method to suit you, including:
This broker’s ability to accept Bitcoin makes this provider really stand out from the crowd, as this is still relatively rare in the industry and will appeal to those who are keen to use this modern currency option as their primary form of funding their account. 168FX guarantee a high level of safety when executing financial transactions as well as the fastest speeds possible to enable their clients to access their money easily.
Anyone choosing a Forex broker needs to know that there is a good level of customer service available and that if they experience a problem or have a query that they can easily and quickly obtain a response from the support team. It is possible to follow 168FX on various social media platforms including Google+, Facebook and Twitter and there is also a convenient Live Chat facility available through the home page which is ideal for obtaining a rapid reply to questions.
Overall, 168FX has many attractive features to offer the trader, not the least of which being the ability to use Bitcoins as a form of payment, which is still quite unusual, setting this broker apart from its competitors. There are plenty of instruments available for trading and account holders can benefit from a good choice of payment methods. There are, however, some downsides. There is only one type of trading account available for investors to use and, as this provider is more geared towards the Asian market, overseas investors may prefer to choose an operator that is better suited to their home market.