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Looking for a Broker That Trades With No Conflicts of Interest? Read our FxFlame Review

FxFlame is a Forex brokerage company registered in St Vincent and the Grenadines. While this may not be the best country in terms of regulation, it is certainly preferable to no regulation at all. At the very least you can feel more confident about the security of your funds. As the requirements in place mean client funds have to be kept separate from those of the company and cannot be used for any other purpose other than for making your trades. FxFlame was started by a group of frustrated traders who were disappointed with the trading opportunities that were available at the time and decided they would be able to do things much better.
So what can FxFlame offer traders?
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* Not valid for EU traders, T&C apply
Broker Min Deposit Regulation Bonus Read More Visit Site
XM $5 CySec $30 Free Read Review Visit Broker
AvaTrade $100 MiFID 40% Read Review Visit Broker
24option $250 CySEC N/A Read Review Visit Broker
HotForex $50 CySEC 100%* Read Review Visit Broker
HYCM $100 FCA UP TO $5000 Read Review Visit Broker
FBS $1 IFSC $123 Free Read Review Visit Broker
FIBO Group $300 CySec N/A Read Review Visit Broker
Instaforex $1 FFMS 250% Read Review Visit Broker
easyMarkets $200 CySEC 50% Read Review Visit Broker
XTB.com $250 FCA Up to 30% Rebate Read Review Visit Broker
UFX $50 CySEC, MiFID $50 Free Read Review Visit Broker
eToro $50 CySEC, FCA Up to $1000 Read Review Visit Broker
itrader $250 CySEC UP TO $30,000 per T&C Read Review Visit Broker
Plus500 $100 CySEC N/A Read Review Visit Broker
CM Trading $250 FSP Up to $3,000 Read Review Visit Broker
Trade.com $250 CySEC $25 No Deposit Read Review Visit Broker
* Not valid for EU traders, T&C apply

FxFlame is currently running some special promotions that are worth taking a look at

Various terms and conditions are applied to all promotions and bonuses at FxFlame. Make sure you read and understand them before opening a real money account.

What type of accounts are there to choose from at FxFlame?

Sign up to trade at FxFlame and you’ll be able to choose from a wide range of instruments. You can trade in foreign currency pairs, oil and CFD trading as well as spot metals. And to add to the variety there are a number of different accounts you can open. Why not pick one of the following? Or choose one as a demo account so you can try this broker on for size before making a real money commitment.
Standard Account

Swap Free Account

ECN Account

ECN Pro Account

Deposits and withdrawals can be made in a number of different ways. Accepted methods include Visa and Mastercard, UnionPay, FasaPay, Neteller, Skrill and bank wire transfer. Processing time is generally 24 hours, although bank wire transfers can take 2 to 5 business days. There are no fees for making deposits, but withdrawals will incur charges depending on the method.

FxFlame uses MetaTrader 4 for its trading platform

moneyMetaTrader 4 was developed by MetaQuotes and has become the most popular trading platform for both traders and brokers. It is compatible with a number of different devices and there are versions for PCs, Macs, tablets and smartphone devices. It’s become very popular for a number of different reasons, but its user-friendly interface, reliability and flexibility are possibly the main ones. It can be customized to suit a range of different trading styles and used for trading a variety of instruments, not just foreign currency pairs. Included with the software are indicators, charts and a host of other useful tools as well as a selection of Expert Advisors.

Customer support and education at FxFlame

For a Forex brokerage firm that was started by a group of disappointed traders we would have expected a little more in the way of customer education. But we’re guessing they were already experienced in the ways of Forex trading and didn’t think that many of their new customers would be complete beginners. The minimum deposit requirements aren’t huge which means there are definitely going to be some novice traders waiting to sign up for an account. Perhaps this is a feature that will be added in time, and we certainly hope so.
FxFlame are running a number of different partnership programs and are looking to support those looking for a white label service, affiliate service as well as introducing broker scheme. It also offers a very comprehensive service for fund managers.
The information available in the website is pretty basic and there’s no FAQs section which makes it highly likely you will need to get in touch with customer support. This can be done in a number of different ways, including telephone, live chat, Facebook message, email and Skype.
FxFlame certainly has a lot to offer traders looking for a new kind of broker. The fact that the owners of the business were once traders themselves makes this brokerage firm very appealing. The trading conditions are very favorable with a good selection of accounts to choose from and a wide variety of instruments in which to trade. The only feature that lets it down is the lack of regulation. The lack of training material is a little disappointing, but we all know how easy it is to get the right trading knowledge from a number of different Forex training sources.

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