Welcome to this FxErise review. In this article, we will list the pros and cons of this broker and see how it performs. I will also share my personal FxErise experiences. FxErise is pretty new but has become an established name. Many brokers have joined in recent years. Can they compete with and find their place among successful brokers offering trading services in CFDs? Let’s find out!
FxErise
Trading and investing have gained popularity in the last ten years. FxErise offering to trade other financial assets appeals to a much wider audience than Forex traders. So, people can also come to them to invest in more than just Forex.
WHY TRADE WITH FxErise?
At FxErise, we offer forex and CFD trading across various currencies and financial asset classes on institutional, private, and retail levels. In addition to offering high-end technological solutions, FxErise is committed to providing a professional and transparent trading environment. FxErise believes that maintaining the following 3 pillars of success, Innovative Trading Platforms, Innovative Trading Tools, & Excellent Trading Conditions to the highest standards enables this.
There are many reasons to trade with FxErise:
Core Value
Transparency & accessibility are the core elements of our operations and corporate culture. Our commitment to meeting our client’s needs and our technological abilities to provide the most efficient and robust trading environment are also key driving forces behind our success.
Customer Oriented
We are committed to providing our clients an efficient, robust, safe and secure trading environment. We adhere to the best practices in the industry and maintain a high standard of management, compliance and security. In line with our focus on helping traders enhance their trading experience, we provide ongoing Support to all our clients and business partners.
Top Quality Customer Service Team
We have a dedicated customer service team of highly professional, experienced and dedicated Team members who aim to provide every customer with personalised and on-target Support.
Additional Services
Technology and education are at the core of our business in delivering an efficient trading platform and experience to traders.
We aim to create long-lasting relationships with our clients and to empower them with the necessary technology, tools, knowledge, and Support to enjoy and excel in their trading endeavours.
Account Types
At FxErise, we offer several different account types, each with specific benefits. The size of your initial deposit determines which tier your account belongs to, as well as which benefits are available to you You can shift your account to the next level by increasing your deposit amount. Opening a Live trading account with FxErise is simple and secure. Complete a registration form and select your account type to begin trading. Whether you’re new to trading or a seasoned professional, here at FxErise, we offer trading accounts to suit all needs and experience levels. In addition to this, we also offer you all the educational resources you could possibly need to get started on the right track. All of our different account types feature professional-level features, allowing you to access not only a great range of markets but also powerful charting tools and our world-class trading platform.
Trading Platforms
FxErise Trading platform offers a smarter, Clearer and faster way to trade via your web browser, Mobile phone or Desktop.
Exceptional Trading capabilities across multiple devices. With built-in tools for a quicker, more powerful trading experience.
FxErise Webtrader
Our leading web-based trading platform gives you direct access to your trading account from the web. It has a simple and user-friendly interface that provides full trading functionality without the need for platform downloads or installations.
Translated in multiple languages, the FxErise’s Webtrader is designed to accommodate the trading requirements of traders of all levels around the globe.
A feature-packed online platform
Designed to give you maximum control, the FxErise’s Webtrader enables you to access your account quickly and efficiently on any device.
This platform is extremely user-friendly and delivers a large range of tools.
The trading conditions are readily accessible, and traders will experience no learning curve due to the optimized interface designed by and for traders.
Additional Benefits and Features of the FxErise’s Webtrader
Cutting-edge Chartings Tools & Functionality
Intuitive Order Window
Available in Multiple Languages
Clean & User-Friendly Interface
Transparent & Secure Trading on any Device
Fully synced with the App & Desktop version
No download – Cross Browser Compatibility
Ultra-fast Order Execution, no Requotes
Broad Asset Choice – CFDs on Currencies, stocks, cryptos, Commodities and indices
Our webtrader houses a variety of preset technical indicators and analytical tools ready to use.
Trade with the software tested, approved and used by thousands of professional traders and understand and experience what innovation in trading feels like.
With no software download or installation required, traders can benefit from a fast and robust yet easy-to-understand trading platform that rivals any download version.
Trade wherever you want; all you need is an internet connection, and you are good to go.
Trading Hours
Trading sessions from Sunday 22:05 GMT to Friday 21:50 GMT
Forex Market Hours
As one major forex market closes, another one opens. According to GMT
For instance, forex trading hours move around the world like this:
New York between 01:00 pm – 10:00 pm GMT;
Sydney comes online at 10:00 pm GMT;
Tokyo opens at 00:00 am and closes at 9:00 am GMT;
London opens at 8:00 am and closes at 05:00 pm GMT.
This enables traders and brokers worldwide, together with the participation of central banks from all continents, to trade online 24 hours a day.
About Rollover
The forex market is open 24 hours a day, and it is important to know the most active trading periods in which you can trade your chosen currency pairs profitably.
For instance, if we take a less active period between 5 pm – 7 pm EST, after New York closes and before Tokyo opens, Sydney will be open for trading but with more modest activity than the three major sessions (London, US, Tokyo).
Less activity means less financial opportunity.
Calculating Rollover
Other forex trading hours to watch out for are the release times of government reports and official economic news.
Governments issue timetables for when exactly these news releases take place, but they do not coordinate releases between the different countries. It is thus worth discovering the economic indicators published in the other major countries, as these coincide with the most active moments of forex trading.
Booking Rollover
For day traders, the most productive hours are between the opening of the London markets at 08:00 GMT and the closing of the US markets at 22:00 GMT.
The peak time for trading is when the US and London markets overlap between 1 pm GMT and 4 pm GMT.
The main sessions of the day are the London, US and Asian markets.
FxErise trading hours are between Sunday 22:05 GMT and Friday 21:50 GMT. (Add the correct times) The trading platform does not execute trades, and its features are only available for viewing.
For any enquiries, technical difficulties, or urgent support, don’t hesitate to get in touch with our 24-hour customer support by email or call back anytime.
Margin and Leverage
Leverage Between 1:100 and 1:200
No changes in margin overnight
No changes in margin at weekends
Negative balance protection
FxErise offers different Leverage for different tradable instruments.
So, depending on what you are trading, the Leverage is determined by the asset class and, in some instances, also on your account level (a VIP client has the highest Leverage).
1:100 leverage restriction for major currency pairs
1:100 leverage restriction for Minor currency pairs
1:100 leverage restriction for exotic currency pairs
1:10 gold and silver
1:5 for commodities other than gold
1:10 major indices
1:5 non-major equity indices
1:10 Stocks
1:10 for cryptocurrencies
FxErise clients have the flexibility to trade by using the same margin requirements and Leverage from 1:100 to 1:200
About Margin
Margin can be thought of as a good faith deposit required maintaining open positions. This is not a fee or a transaction cost; it is simply a portion of your account equity set aside and allocated as a margin deposit.
The margin requirements are determined by taking a percentage of the trade size plus a small buffer. The buffer is added to help alleviate daily/weekly fluctuations.
About Leverage
You can trade Forex and CFDs on Leverage. This can allow you to take advantage of even the smallest moves in the market. When you trade with FxErise, your trades are executed using borrowed money.
For example, 100:1 Leverage on a major forex pair like GBP/USD allows you to trade with £10,000 in the market by setting aside only around £100 as a security deposit.
FxErise Leverage
Depending on the account type you open at FxErise, you can choose the Leverage on a scale from 1:100 to 1:200. (For another asset then currencies there might be different leverage options)
Margin Call
Although each client is fully responsible for monitoring their own trading account activity, FxErise follows a margin call policy to guarantee that your maximum possible risk does not exceed your account equity.
As soon as your account equity drops below 30% of the margin needed to maintain your open positions, we will attempt to notify you with a margin call warning you that you do not have sufficient equity to support open positions.
Stop-Out Level
The stop-out level refers to the equity level at which your open positions get automatically closed. The stop-out level in a retail client’s account is reached when the equity in the trading account is equal to or falls below 30% of the required margin.
Key Benefits of FxErise trading platform:
Streamlined Experience: Enjoy a clear, user-friendly interface for effortless trade initiation, account management, and market analysis.
Power at Your Fingertips: Leverage advanced charting, automation tools, and slippage protection within a secure, industry-approved platform.
Flexibility for Every Trader: Manage positions with granular control thanks to 0.01 lot sizes and partial closure options.
Stay Informed, React Swiftly: Gain real-time market insights and news directly on your dashboard, enabling decisive action.
Trade on the Go: Access your portfolio and execute trades from any web browser anytime.
Effortless Account Integration: Seamlessly sync existing accounts to start trading instantly.
Risk Management
Although risk makes us susceptible to adverse movements in the market, risk also presents the potential/opportunity to make huge amounts of money.
Risk = opportunity, And The higher the risk, the higher the potential opportunity
The Risk/Reward Trade-Off
The higher the risk an investor takes, the higher the potential returns should be to compensate for the increased risk. This is known as The Risk/Reward Trade-Off.
Low risk = Low Return
High risk = High Return
Risk Management Tools
Stop Loss Orders
Stop-loss orders are the most important risk management tool and should always be employed when trading.
Types of Stops
Breakeven Stops – executed at the point at which gains equal losses.
Time Stops relies on a certain period elapsing before the order is executed.
Trailing stops are set at a percentage level below the market price. It allows you to let profits run on and minimize your losses simultaneously.
Risk Tolerance
Low-risk investments will have a lower return potential than high-risk investments.
Low risk = Potential Low Return
Medium risk = Potential Medium Return
High risk = Potential High Return
Your trading style will often define how low or high-risk your strategy is. Still, even the greatest investment or trading strategies are of little help if you do not control risk.
Your Risk Tolerance is the degree of uncertainty you can handle regarding a potential loss or decrease in your investment portfolio value.
Risk tolerance will be different for each person, and how much you can handle generally depends on three things;
Income – Your personal income and personal situation, e.g. A person on a low salary about to get married will likely have a low to moderate risk appetite and will likely have lower risk capital available than a single person on a median salary.
Time Horizon – The amount of time you plan to keep your money invested. Longer time horizons are associated with less risk than shorter time horizons.
Investment Objectives – The greater your financial goals, the greater the risk you will likely have to take on.
Currency Pairs Trading
Foreign exchange, Forex or FX trading, is the conversion of one currency into another. It is one of the most actively traded markets in the world.
Recognized as the world’s largest and most liquid financial market, foreign currency exchange (also known as forex or FX) provides continuous trade opportunities to traders across the World.
The value of any particular currency is determined by market forces based on trade, investment, tourism and geo-political risk. Traders can take advantage of market movements by trading these over-the-counter (OTC) markets.
Advantages of Trading the Forex Market
24-hour Market – investors can participate in market fluctuations anytime and through different time zones. So take advantage of the different active sessions around the world
Low-cost Trading – Trading currencies is the most affordable financial asset category to trade, and our spreads are extremely competitive.
Currency Pairs – We offer a wide range of currency pairs for you to trade, including majors, crosses and exotic Forex pairs.
Market Transparency – With large transaction volumes and high liquidity, the Forex market provides an efficient and transparent flow of trades between buyers and sellers at lightning speeds.
Global Market – The Forex market is a truly global market where, besides domestic and international economic, political trends and policies can drastically affect currency movements.
Forex volatility – The high volume of currency trades each day translates to billions of dollars every minute, which makes the price movements of some currencies extremely volatile. It is, in fact, so large that not one entity is able to control the price.
Different Forex Currency Pairs
Majors Currency pairs
Majors are the most liquid and most widely traded currency pairs in the forex market. Major currencies include EUR/USD, USD/CHF, USD/JPY, USD/CAD and GBP/USD.
Minors Currency pairs
Minor currency pairs are pairs where the US dollar is not the counter-currency. These slightly less popular pairs often experience more wild swings in both directions due to less liquidity in the Market. Some of the most popular and highly traded cross pairs include EUR/GBP, EUR/JPY, EUR/CHF and GBP/JPY.
Exotic Currency Pairs
Exotic currency pairs are made up of major currency paired with the currency of an emerging or a strong but smaller economy from a global perspective, such as Hong Kong or Singapore and European countries outside of the EuroZone.
How do I start trading Forex?
There are two ways how the forex market can be traded.
Fundamental analysis or technical analysis.
Fundamental analysis involves assessing the economic state of a country and, by extension, the currency. It does not take into account currency price movements. Rather, fundamental forex traders will use data points to determine the strength of a particular currency.
These types of traders will analyze the country’s inflation, trade balance, gross domestic product, growth in job numbers, and many other benchmarks to find their trading opportunities.
Technical analysis involves pattern recognition on a price chart.
These types of traders will look for price patterns, and based on the pattern, they will determine the entry and exit points. Unlike fundamental traders, technical traders are not as concerned about why something is moving because they go by the trends and patterns on the charts.
Learn more in our educational section
How do I trade Currencies CFDs with FxErise?
Create a FxErise trading account
Research the currencies you want to trade
Decide how you want to trade by going long or short.
Take steps to manage your risk, and always put your stop-loss!
Open and monitor your position.
Open Your FxErise Trading Account
With FxErise, you can trade indices, shares, forex and more with security and ease. To apply for a live trading account, all you need to do is click the buttons below.
Contact information
Telephone: +44 0203 05846331
Email: [email protected]
Address: City Approach, 560 City Rd, London
Author: “Maria Gonzalez is a professional trader and financial analyst with a unique global perspective, having traded in markets across Asia, Europe, and the Americas. With a Bachelor’s degree in International Business and a Master’s in Financial Analysis from London Business School, Maria specialises in currency pairs and emerging market assets. Her analysis is sought after in international trading forums and financial news outlets, where she provides insights into global economic trends and their impact on forex markets.
Risk Disclaimer: Trading Forex and leveraged financial instruments involves a high level of risk and may not be suitable for all investors. It is possible to lose all your invested capital. Therefore, you should not invest money you cannot afford to lose. Before deciding to trade, you should fully understand the risks involved, consider your investment objectives and experience level, and seek independent advice if necessary. The past performance of trading instruments is not a reliable indicator of future results. Market conditions can change rapidly, and no guarantee is made that any account will or will likely achieve profits or losses similar to those discussed on this platform. Please be aware that we are not responsible for the privacy practices or content of other websites linked to or from our service. Trading on margin increases the financial risks. This disclaimer is not exhaustive and does not cover all possible risks associated with trading Forex and other leveraged products.
