Crypto / Forex Broker Reviews

OffersFx Review – Is Legitimate or a Scam?

OffersFx Review

When you start your trading career, the broker you decide to partner with can make all the difference in the world. You have come across plenty of success stories about people who made it big in the trading space and they didn’t just accomplish it because of their luck or skill; they also had the right broker in their corner. Every aspiring trader should understand that their choice of broker can make or break their trading career. The broker you choose to partner with can have an impact on your productivity, trading experience and the profits you will make. The wrong broker can eat into your trading profits by charging hefty trading fees and commissions.

The right one can provide you with the tools, the platform and competitive spreads that can help you in having a long and fruitful trading career. Suffice it to say, this is not a decision you want to make without giving it proper thought. A broker like OffersFx can accommodate you, regardless of how much trading experience you have and the kind of trading style. This broker is fully capable of offering you the best of the online world and it has gained a strong and solid reputation in the market for this reason.

It will not take you long to discover that OffersFx is considered one of the best online brokers in the world. It was established in 2009, which means it has been in the market for more than a decade and has delivered quality and professional services to every single client. Whether you have any security concerns or you want a diversified portfolio, OffersFx can be the broker you need. Based in Cyprus, it is one of the most renowned brokers in Europe and other parts of the world and is dedicated to provide unparalleled trading services to its clients to help them move forward in their trading journey.

OffersFx at a Glance

Broker OffersFx
Founded 2009
Regulation Cyprus Securities and Exchange Commission (CySEC)
Trading Platform OffersFx Web Platform
Trading Accounts Standard, Premium, Platinum, VIP
Minimum Deposit $200
Assets Coverage Indices, Commodities, Shares, Bonds, Forex, ETFs and Cryptocurrencies
Trading Tools Risk Management Tools, Economic Calendar
Education and Training Glossary, Courses, Webinars, E-Books, Personalized Training
Customer Support Live chat, email and fax 24/5
Security Policy Know Your Customer (KYC) and Anti-Money Laundering (AML) policies
Parent Company Xtrade Europe Ltd

Keeping in mind the numerous scam stories circulating in the market, it is reasonable for you to wonder whether OffersFx is legitimate or a scam. To find the answer to this question, you can check out the different features and aspect of the broker that have helped it stand out in the crowd. Some of these have been highlighted below:

  • It offers properly regulated trading services

Talk to any trading expert and they will tell you that the most important thing to consider when signing up with an online broker is their regulatory status. Regulation gives you a guarantee that you are choosing the right broker. This is because a regulated broker is monitored by a reputed financial authority and the broker can get in trouble if they do anything illegal. In other ways, your investment will stay safe with such a broker because they are subject to rules and guidelines that they cannot break without dealing with any consequences.

In the case of OffersFx, you will definitely be pleased to know that it is registered with the Cyprus Securities and Exchange Commission (CySEC), one of the most renowned regulatory bodies in the world. This gives you peace of mind because you know that this broker will not vanish into thin air with your money and they are also part of an Investor Compensation Fund, which means your money will be returned to you, even if the broker goes bankrupt. This ensures that you are taking the first step in the right direction and can go onto making as much money as you want from trading.

  • It keeps your funds segregated

As part of its regulatory status, OffersFx has some rules to follow because they are considered an international standard. One of the most important financial standards is that of segregated funds. Online brokers are required to keep their clients’ funds segregated, which means their accounts have to be maintained separately from that of the broker’s own. The aim of account segregation is to ensure that there is no mix up and it reiterates that the broker does not own the money nor can it use it for paying any of its own obligations.

  • It encrypts all personal information

Sure, your funds are important and you don’t want to lose them, but this doesn’t mean that you don’t want your information protected. When you sign up with a broker, you entrust them with some very personal information that can be used for illegal purposes by the wrong parties. You definitely do not want that to happen. As per the KYC (Know Your Customer) and Anti-Money Laundering (AML) policies that every regulated follows, OffersFx also asks its clients to provide documents in compliance with them. This includes a form of ID as well as proof of address in the form of a utility bill or bank statement.

All of this is confidential information and your identity can be stolen if someone is able to gain access to it. This can be very stressful for traders and so, OffersFx has come up with a solution to give peace of mind to its clients. The broker reassures you that your information is immediately encrypted as soon as you share it. They use 256-bit SSL (Secure Socket Layer) encryption for securing your information when you provide it to the broker. This prevents anyone from being able to use it without your permission or knowledge.

  • It has a trading platform that can be used anywhere

There was a time when traders had to be limited to their PCs for using a broker’s trading platform. But, the online trading world has evolved significantly, thanks to technological progress and modern traders can now enjoy a greater degree of flexibility. These days, you don’t have to put up with such restrictions, especially if you opt for good brokers like OffersFx. They have come up with their own proprietary robust trading platform that can fulfill the needs of every kind of trader. Whether you want the most advanced trading tools or an easy-to-use platform, you will find it all in one place. What more could you want?

The Web Platform by OffersFx is accessed through the web browser, which means that there is no need for any downloading or installation. They have used cutting-edge technology for developing this trading platform and equipped with numerous trading tools, such as an economic calendar, trading alerts and a variety of order types. You can benefit from quick execution of trades and they are reflected in real-time. The broker keeps up with the security updates and maintenance of the platform, saving you from the hassle of doing it on your own.

Along with this trading platform, OffersFx has also introduced multi-asset trading apps for smartphones and tablets. They are available for iOS and Android devices and can be downloaded within minutes for your convenience. With these app, the broker’s clients can enjoy trading on the move and they can be connected to their trading accounts 24/7. The app is easy to navigate, whether on your phone or tablet, and brings some of the most sophisticated trading tools right at your fingertips.

Fully functional, OffersFx trading apps provide you access to real-time charting tools, a horde of technical indicators, advanced and expert market analysis, a graphical interface, speedy trade execution, one-click trading, quick deposits and withdrawals and a full activity report. You will have no problem in figuring out how to use their app and will be able to make trades no matter where you are.

  • It gives you a range of trading accounts

Another strong feature that has helped OffersFx stand out in the crowd of brokers is the range of trading accounts it has added to its platform. These trading accounts have been developed for different kinds of traders who all have unique trading styles and needs. The broker doesn’t impose its own choice on its clients. Instead, it has given them complete freedom to choose an account they are most comfortable with and one that can fulfill their needs. A total of four account choices have been added and the best thing about them is that none of them requires a hefty deposit from the traders.

OffersFx has gone to great lengths to ensure that entry into the trading world is simple and easy for everyone, no matter what their background may be. If you are a new trader with absolutely no experience in the market, you will find the Standard account suitable at OffersFx. It can be opened with a small deposit of $200 and you will get access to one of the best trading platforms in the world. You will be able to trade in the market of your choice and the broker provides different spreads for every financial instrument. They have added a Premium account for intermediate traders, which asks for a deposit of $1,000. An account for skilled traders with the name of Platinum is also available and $5,000 have to be deposited to open it.

Last, you can open the VIP account if you are a professional trader and the deposit requirement for this account is set at $25,000. These accounts have fixed spreads, but they are different for every account. There are some common features that you will find, such as e-books, video tutorials, courses, personalized training (not available in the Standard account), webinars, daily reports, resource library and economic calendar, amongst others. You can compare each account and decide one, as per your comfort and trading style.

However, one of the biggest perks that OffersFx is offering to its clients is the availability of a demo account. This gives traders a good chance to test the broker’s trading platform without having to invest their money with them. As far as beginners are concerned, they can use this free demo account to practice trading and familiarize themselves with how the market works. They can try out trading strategies and learn from their mistakes by using virtual currency while their real and hard-earned money stays safe.

  • It has a multitude of instruments in its asset index

Knowing what assets you can trade with a broker is of the utmost importance, especially if you have some particular instruments you wish to trade. You wouldn’t want to go through the process of registering with the broker, opening an account and depositing funds, only to find that they don’t have the asset you want to trade. Therefore, knowing their asset index from the get go is a good idea for everyone. With OffersFx, you will have a multitude of instruments at your disposal and the broker has developed its trading platform to facilitate multi-asset trading.

There are more than 1,000 financial instruments that you can trade with OffersFx and they come from different markets. First and foremost, the offerings start with the forex market, the world’s largest market in terms of trading volume and liquidity. The foreign exchange market has helped many a traders in making fortunes and so, this broker gives you the opportunity of trading an array of currency pairs. There are major, minor and also exotic currency pairs that can be found on the platform. Some of these include USD/GBP, EUR/USD, USD/CHF, EUR/NZD/, USD/JPY and GBP/RUB.

Other than forex currency pairs, OffersFx has also given its traders the opportunity of investing in the stock market. You can buy and sell shares of numerous global companies, benefiting from their price movements. The broker has added some prominent companies, such as Tesla, Siemens, Standard Chartered, Toyota Motors and more. For traders who don’t want to trade individual stocks, the broker has given them the option of indices. These financial instruments represent the value of index groupings of companies and they offer you numerous investment opportunities.

You can trade major indices, such as NASDAQ, DOW Jones, S&P 500, JPN 225 and GER 30, when you sign up with OffersFx. Next up, the broker has given its clients, especially those who don’t have a high risk tolerance, a chance to trade different categories of commodities. These are less volatile, but can give solid and consistent returns to their investors. You can find a wide range of commodities on the broker’s trading platform, including precious metals like gold, silver, palladium and platinum. There are energies, such as crude oil and natural gas that can be traded. You can also go with soft commodities i.e. agricultural products, such as coffee, wheat, rice, soybean, cocoa and sugar.

Staying up-to-date with market changes, OffersFx has added the wildly popular and highly demanded financial instrument of cryptocurrencies. You can trade Bitcoin, Ethereum, Litecoin and Ripple when you sign up with this broker and do it without worrying about heavy commissions. Lastly, the broker gives its clients the freedom to invest in Exchange Traded Funds (ETFs) and Government bonds, which can also give consistent profits to traders. Considering this massive variety of trading instruments, it is extremely easy for any trader to diversify their investment portfolio with this broker.

  • It lets you deposit and withdraw safely

An important concern when signing up with an online broker is the safety of your money. Therefore, you have to weigh this aspect very carefully to ensure you are not making a mistake. You should consider what deposit and withdrawal methods are supported by a broker to determine whether they are safe or not. Otherwise, you need to consider a different broker altogether. With OffersFx, you don’t have to be concerned because they have made considerable effort to arrange the safest and best option for both deposits and withdrawals. The broker starts with the traditional method i.e. bank wire transfer. This allows you to directly use your bank account for adding and withdrawing funds. The transaction may be processed in a couple of days, so if you are looking for a quicker method, you can try credit and debit cards.

OffersFx supports a variety of debit and credit cards, such as Visa, MasterCard and Maestro. This method is quick and you will be able to deposit and withdraw quickly. In addition, the broker is also providing modern e-wallet options for adding and withdrawing funds, such as Neteller and Skrill. This is also fast and quite easy to use as well. The good thing is that the broker does not charge any fee for deposits and withdrawals, but third parties like banks or payment service providers may charge their own fee.

  • It doesn’t have any commissions

One of the most annoying features of online brokerages are the commissions they charge from traders. If you don’t do your due diligence when choosing a broker, you will have to pay a lot of money in commissions and this can get frustrating really fast because they will end up eating into your profits. Rather than choosing a broker that charges commissions, it is better to use one that makes their money through spreads. But, you should also be wary of brokers that charge spreads and also apply commissions on top of them. Furthermore, it is also best to choose a broker that’s open about the spreads they charge.

The problem with variable and floating spreads is that you never know which direction they will move in. Since this can have a direct impact on your cost of trading, you would prefer to know this in advance. With OffersFx, this is exactly what you can do. First off, the broker does not charge any form of commission from its traders, so it is one less thing to worry about. Secondly, when it comes to spreads, they have provided fixed spreads for different instruments, which means you will know exactly how much a trade will cost you going in.

  • It has compiled useful educational resources

The educational resources that you will find at OffersFx are some of the best you will see in the market. They have done a great job of compiling all relevant material that can provide traders with valuable information they can use during trading. One of the most appealing things about their education center is that they have put together material in various formats. You can go through the numerous e-books that are available or watch the video tutorials that provide guidance about how to trade. In addition, there are also webinars that are conducted by expert traders, which you can attend for getting in-depth knowledge of the market.

  • It has round-the-clock customer support

Where customer support is concerned, OffersFx is considered unparalleled because the broker gives you the opportunity of getting in touch with real agents. This is a lot better than IVR, which doesn’t let you talk to people and only adds to your frustration. With this broker, you will find a phone number on their website that you can use for getting in touch with their professional and responsive customer support team. Other than phone, the broker also provides a number of email addresses for different departments so you can direct your query to the right department.

Last, but definitely most important, OffersFx has also added the option of live chat to their trading platform. You can immediately reach out to an agent at any time and they will assist you right away to resolve any issues you may be facing. This shows exactly how committed the broker is to its clients.

Final Verdict

All these features and offerings of this broker prove that OffersFx is a legitimate broker that provides an innovative trading platform, access to numerous assets, unique account types and a range of trading tools that can help every trader have an optimal trading experience.

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