FX Tray Review 2023: Should You Trade With This Broker?

Having a clear overview & good understanding is crucial to your success in the financial market. “What are you trading?” & “With whom you’re trading?” are key aspects you should be clear about. No one would suggest you put all your hard-earned cash into a broker you don’t even know. This is where detailed broker reviews come in handy. In this series, today we bought an FX Tray Review 2023 to familiarize you with the services of this new yet emerging Forex and CFD broker.

After getting fed up with all those common features of online Forex brokers, we were excited and curious to gather and analyze information for the FX Tray review 2023. And to our surprise, we discovered some unique features which are exceptional in the Forex industry.

Through this detailed FX Tray Review 2023, we will disclose all our findings and information related to its fees, availability of assets, account types & regulatory approval.

What Is FX Tray & How Does It Work?

FX Tray is a Saint Vincent and the Grenadines-based CFD broker established in 2021. The platform’s services include CFD trading on 380+ underlying assets, investments & copy trading.

Due to its customer-centric services, the platform has managed to attract the interest of millions of global traders in such a short time.

FXTray traders can access the services through an advanced MT5 platform and a dedicated mobile app. At the same time, there is a copy trading facility that allows beginners to mirror the trades of professional traders and earn with even a little knowledge about the markets.

How Safe Is FX Tray?

FXTray is considered a low-risk and highly secured broker. It claims to implement robust security measures to ensure its clients get the safest trading conditions without compromising their personal & trading data.

The top security features of the platform include:

Partnership with Tier-1 Banking institutions
Higher Reserve For Negative Balance Protection
Segregated Bank Accounts for Clients’ funds

FX Tray Scam Test: Pass Or Fail?

FX Tray is a legit online trading platform complying with the laws and regulations of Saint Vincent and the Grenadines Financial Service Commission (FSC).

Meanwhile, the domain – www.fxtray.com is owned and operated by the FX Tray Market LLC, a limited liability company duly registered in Saint Vincent and the Grenadines with reg number 1421 LLC 2021.

Based on findings from the deeply analyzed scam report of the broker, FX Tray passed our scam test; thus, we recommend this broker.

What Can Be Traded On FX Tray?

The platform users can access a wide range of services designed to improve their experience and understanding of the financial markets. The services majorly include trading opportunities in 389 underlying assets across all global financial markets, including

Forex (113+ Currency pairs)
Metals (Copper, Gold & Silver)
Indices (SINGNIX, AUS 200, HK 50, and Many Others)
Cryptocurrency (114+ Crypto Coins)
Stocks (Google, Facebook & Apple)

FX Tray Review 2023: What Are The Available Account Types?

As per our FX Tray Review 2023, the broker’s account range is impressive, with a dedicated account available for Crypto trading. You can choose a Classic, Standard, ECN, or Crypto trading account.

Let’s look at the comparison table to determine which account types suit your requirements.

Features	Account Types
	Classic Account	Standard Account	ECN Account	Crypto Account
Minimum Deposit	$100	$100	$500	$100
Spreads	1.8 Pips	1.2 Pips	1 Pip	–
Maximum Leverage	1:500	1:500	1:300	1:10
Margin Call	100%	up to 100%	100%	–
Stop Out Loss	50%	up to 50%	50%	–
Bonus	–	Welcome Bonus Up To 100%	–	–

How To Open A FX Tray Account? Account Opening Tutorials

Opening a live account on FXTray is easy and takes less than an hour to activate. Here’s a quick account-opening tutorial:

Click here, fill out the application form, and tap on the ‘Register’ icon.
A personalized dashboard will open on the screen. Upon account activation, you can verify it anytime.
After account verification, sign in again with your FX Tray login details.

Account Verification Tutorials

To verify your trading account, follow these simple steps:

Click on the ‘Verification’ icon available on your account dashboard.
Now, upload a scanned copy of government-issued documents, including

Utility Bill,
Bank Statement (For the last 6 Months)
Government-issued identity card or a driving license

The account verification takes upto 4 hours to complete.

How Can You Deposit Funds Into Your FX Tray Account?

After activating your trading account, the first step is to deposit a minimum amount requested by your chosen account type. Here’s a detailed process for depositing funds into your account:

Log in to your FXTray account and head to your personalized dashboard.
Click on the “Deposit” icon. Enter the amount and choose your preferred payment method to complete the transaction.
The amount will be credited to your account in a few minutes.

Supported Deposit Methods

E-wallets
UPI

Minimum Deposit Requirements

Classic Account – $100
Standard Account – $100
ECN Account – $500
Crypto Account – $100

How To Withdraw Funds From FX Tray?

Log in to your FXTray account and head to your personalized dashboard.
Click on the “Withdraw” icon. Enter the amount and choose your preferred payment method to complete the transaction.
The amount will be credited to your account in 3-5 business days.

Withdrawal Methods

E-wallets
UPI

Minimum Withdrawal

There is no set limit for minimum or maximum withdrawal.

Our Verdict: As per our FX Tray Review 2023, the broker offers the most convenient ways to make deposits and withdraw funds. The process for requesting a withdrawal is also relatively straightforward.

FX Tray Fees Overview: How Much Does It Cost?

The FXTray fee structure is what makes it stand out. There is no deposit, withdrawal fees, SWAP charges, or commission charged on trades. It only works on a fixed spread model. And these spread charges vary depending on your chosen account type. For instance:

Classic – 1.8 Pips
Standard – 1.2 Pips
ECN – 1 Pip

Our findings from FX Tray review 2023 suggest the broker’s fee is low in accordance with the global industry standards.

Do You Need Leverage To Trade On FX Tray?

The broker offers the industry-best leverage ratio; however, trading with it or not is solely your decision. However, all potential traders should first understand the ups and downs of leverage trading before opening a large position.

Anyway, the maximum leverage ratio varies depending on the chosen account type.

Classic – 1:500
Standard – 1:500
ECN – 1:300
Crypto – 1:10

What About FX Tray Trading Platforms?

Along with a dedicated mobile app, the broker offers the most advanced and innovative trading platform – MetaTrader5. You can download the web & mobile versions of MT5 from the website. Look at the advanced features of these platforms through FX Tray Review 2023.

MT5 Web Platform

In-depth price analysis
Fundamental & technical analysis Tools
Copy Trading Feature
80+ technical indicators
2500+ algo trading applications.

FX Tray App

Hedging option systems
In-depth price analysis
Fundamental & technical analysis Tools
Copy Trading Feature
80+ technical indicators
2500+ algo trading applications.

Our Thoughts: The available trading platforms and user interface are clean and quickly responsive. In terms of user-friendliness, we are rating the broker’s trading platforms 4.5/5.

Is There Any Bonus On FX Tray?

The broker offers a welcome bonus of up to 100% if you sign up for a standard account. However, the bonus is restricted to other account holders.

Can You Earn On Fx Tray Without Trading?

There are several other ways to make passive income through FX Tray without trading. Wondering how? Well! We figured it out. You can apply for generous partnership programs and earn a commission on every referral you send to the platform.

You can register yourself as a partner through these ongoing affiliate programs:

Referral Program
Introducing Brokers (IB) Program
Master IB Program

Fx Tray Review 2023: A Look Into Educational & Research Tools

The broker offers a long and rich list of educational & research tools that are equally useful for beginners as well as professional traders. The available tools include the following.

Educational Tools

Case Studies
Trading Blogs
Market News

Research Tools

2500+ algo trading apps
Extensive price analysis
Fundamental & technical analysis
80 technical indicators.

How To Contact FX Tray Customer Care?

The quick responsive customer support team at FXTray is available round the clock to answer users’ queries. We had an issue with the account activation, and when we contacted the team, they resolved it in a second. Overall, the customer support is above excellence, as per our FX Tray review 2023.

In case you need to contact FX Tray customer support, here are the details

Phone: +44-7418379273
Email: support@fxtray.com

Fx Tray Review 2023: Pros & Cons

Pros	Cons
Generous Sign up Bonus	Unavailability of MT4
Wide Range Of Products Offered
24×7 Customer Support
Social Trading
Lowest Spreads

Final Verdict on FX Tray Review 2023

The findings from FX Tray Review 2023 suggest the broker is worth considering if you’re looking for a simplified & lucrative trading platform. Low-cost trading and copy trading are probably its standout features.

Meanwhile, the low minimum deposit requirements make it more suitable for entry-level traders. The broker’s advanced trading platforms and rich educational & research support are enough to suit professional traders. Overall, we recommend trading with this broker; open your free account today!

FAQs

How To Delete FXTray Account?

To delete your trading account, send an account deletion email to customer support, along with a valid reason. The team will review the request and take action in 3 working days.

How To Download FXTray Desktop App?

Go to the website and tap on the MT5 icon from the slide bar.
Now, tap on the ‘Download For Windows button.
Now, run the .exe file to install the app.
Sign up or log in to your account.

How To Download FXTray App On Mobile?

Go to the website and tap on the MT5 icon from the slide bar.
Now, tap on the ‘Download For iOS’ or ‘Download For Android’ button.
Now, you’ll be redirected to the Play Store or App Store. Download the official app from there.
Sign up or log in to your account.

What Is FX Tray Minimum Deposit?

The minimum deposit requirements on FXTray depend on your chosen account. For instance,

Classic Account – $100
Standard Account – $100
ECN Account – $500
Crypto Account – $100

Is FXTray Legal In India?

Yes, FXTray is legal to operate in India as it allows Indian traders to use INR as a base currency.

How To Place Trade On FXTray?

Choose an asset from the available list.
Tap on “buy’ or ‘Sell’ and set the stop loss level.
Enter the amount and tap on the “Place Order’ icon.
Monitor your trade position.