FXPace Journal (Broker out of business)
| Journal status: closed FXPace out of business |
FXPace Profile
Website
www.fxpace.com
Year
2021
Country
Bermuda
Branches
1
Regulation
not regulated
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Cuba, Iran, North Korea, Sudan, Syria, US
Broker type
MM, STP, ECN marketing
Dealing book
B-book, A-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...
FXPace Accounts
MM
STP
ECN
Minimum Deposit
2500 $
100 $
25000 $
Leverage
500 : 1
500 : 1
200 : 1
Minimum Lot
0.01 lots
0.01 lots
0.01 lots
EURUSD spread
1.6 pips
1.7 pips
0 pips
Commission
0 $/lotRT
0 $/lotRT
...
Volume
...
...
...
Margin Call
...
...
...
Stop Out
...
...
...
Execution
Instant
Market
Market
Spread
fixed
floating
floating
Scalping
yes
yes
yes
Deposit & Fees
Deposit methods
Bank Wire
Base currency
EUR, USD, CZK, IRX, BTC
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
| Update broker |
Is FXPace safe?
- Investor protection: no
- Regulation: not regulated
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is FXPace trusted?
- Information transparency: sufficient
★★★ - Customer service: virtually non-existent
★ - FXPace website: uninformative, updated
★★ - FXPace popularity (by visitor count): low visits
★★
How FXPace works
7.1 The Client understands and acknowledges that the Company will enter into transactions with the client as principal (counterparty) not as an agent and where the client holds an STP-ECN account the Company will nonetheless act on behalf of the Client in the capacity of agent for all STP-ECN Client Account Transactions. The Company will be the contractual counterparty to the Client.
7.12 The Client acknowledges that orders shall be executed at the bid and ask prices that are offered by the Company, which are an aggregation of prices from third party liquidity and/or price feed providers.
The Client will not be required to cover losses exceeding his invested capital as the Company applies a negative balance protection policy.
https://www.fxpace.com/sites/default/files/1.%20FXPace%20BM_Terms%20of%20Business_2023-002%20.pdf
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