Last Updated on
Our test result: FXBreeze is not a scam. In this review, you will find out what to expect from this broker and we will give you suggestions on some of the best robots through which you can acces this broker.
FXBreeze is one of the most popular brokers available online, and thousands of news users sign up on it every day. Our test revealed that the broker is legit and you can make significant profits on it. The best way to trade on this broker is through a crypto robot called Bitcoin Profit.
Throughout this review, we will be telling you about the broker, the trading platforms it supports, bonuses, commissions, regulations, markets and a lot more. You will also find out how to trade on FXBreeze through Bitcoin Profit. Read on to find out all the details.
What is FXBreeze?
The online broker FXBreeze opened in 2018 and is currently owned by Ten Barosh OU. It is registered at Harju Maakond, Kesklinna linnaosa Tartu Mnt 43/1, Tallinn, Estonia. Our test shows that FXBreeze really stands out for its transparency. Before signing up, you can have access to all the information you need, including trading platforms, spreads, leverage withdrawals, account types and much more. We were able to find out everything we needed for this review on the broker’s official website without having to look for information elsewhere.
Before we get into all the different features that FXBreeze has to offer, we would like to stress that FXBreeze is a broker and not a trading robot. The difference between the two is that brokers offer you a space to trade safely but that’s about it. You are not facilitated in any way and in order to place the right trades you will have to do a lot of hard work, including looking at financial news and study market changes. Robots like Bitcoin Profit and Bitcoin Trader on the other hand, are sophisticated technologies capable of doing all this hard work for you and make profitable investments automatically. All you have to do is sit back and watch your balance increase. Crypto bots are the perfect option for inexperienced users.
Click here to give Bitcoin Profit a try.
Its regulatory status is one of the few things that FXBreeze leaves unsaid on the website. This probably means that the broker is unregulated. Even though this is a downside of the platform, there are many other ways in which the broker shows a will to satisfy all the needs that customers may have. Whether it is regulated or not isn’t as important.
Is FXBreeze Legit or Scam?
Our test has revealed that the platform is definitely not a scam and the best way to trade on it is through Bitcoin Profit.
One of the first things we check when we review brokers is their transparency on risks. FXBreeze provides a risk disclaimer on every page of its website and also provides an 8-page PDF going into detail as to what are the actual risks of crypto trading. The fact that the broker gives so much attention to this is very uncommon and it should be praised for making that extra effort to give users access to such detailed information. None of the regulated brokers that we have reviewed provided such a comprehensive risk disclaimer.
Another aspect of the broker that convinced us of its legitimacy is the fact that the website provides some very informative guidelines on the broker’s privacy, order execution and client categorization policies. There is also detailed information on the variety of account types available and on how to withdraw and deposit funds.
As for the trading platform, FXBreeze uses two of the most popular ones to support its trades, MT4 and WebTrader. They are known for being user-friendly and they are used by over 80% of all brokers.
The broker certainly has a lot to offer and trading on it will give you a good chance to make significant profits. Read on if you wish to know more about all the different features available on FXBreeze.
FXBreeze offers many different assets you can choose from. You can trade with Forex, CFDs, American, European, Arabic and Asian stocks as well as cryptocurrencies. The currency and cryptocurrency pairs on offer include EUR/AUD, EUR/CAD, GBP/USD, GBP/JPY, USD/JPY, USD/PLN, BTC/USD, IOTA/USD and much more. The most popular stocks you can trade with are Facebook, Apple, Google and Microsoft among the American ones. You can also trade with popular European stocks, such as Siemens, Adidas, Audi.
As we briefly mentioned before, FXBreeze uses MetaTrader4 and WebTrader to support trades. The platforms are suitable for users of all backgrounds. Inexperienced users will be able to learn how to use them within a few minutes and advanced users are most likely already familiar with them. Once you access the platforms you will find the asset list on the left. If you select an asset, detailed information on the product will appear on the right side of the screen, including the trading charts. At the bottom you will find the trading history.
Both MT4 and WebTrader offer you a space to place trades safely and securely. While WebTrader is web-based, as the name suggests, MT4 has to be downloaded first. Even though it is more time consuming, downloading MT4 would probably be best given that it is considered the best trading platform available. You may also download the MetaTrader4 app on your smart phone and trade on-the-go.
How to trade on FXBreeze through Bitcoin Profit (recommended)
How to sign up on FXBreeze directly (not recommended)
If you wish to sign up on FXBreeze directly instead, feel free to do so. However, we would like to point out that this entails missing out on significant advantages provided by the Bitcoin Profit software. As a broker, FXBreeze is designed to give you a platform on which to place trades but it does not facilitate your decisions in any way. Bitcoin Profit on the other hand uses a more sophisticated technology that allows the system to actually place trades for you and with an accuracy of almost 100%. Click on this link to give the robot a try.
If you are still convinced about signing up on FXBreeze directly, you can go on the broker’s official website. At the top of the page you can to click on “open an account in one simple step”. You will be redirected to a form requesting your personal details. You will have to insert your first and last name, email address, country code, phone number, create and confirm a password and confirm that you have read the terms and conditions and that you are over 18. Once you have done that, you will have to deposit funds into your account and then you will be able to start your trading experience.
FXBreeze offers three different account types. You can choose to have a Basic, Gold or Premium account. Each upgrade grants you more advantages even though the minimum deposit is likely to be higher. We were unable to find out information as to how much is the minimum deposit required for Gold and Premium accounts. To start trading with a basic account you are requested to deposit at least $250.
The main advantages with the upgrades involve commissions and spreads. While commissions are of 20 euros for basic and gold accounts, they go down to 6 euros with the premium account. As for the spread, it is fixed for basic accounts and it depends on the type of assets. For ForexV it is 20, for MetalsB and Energy it is 50, for stocks it is 14, for derivatives 10 and for crypto 1000. For gold and Premium accounts, the spread will depend on the market.
The leverage on FXBreeze goes up to 1:500. That is very high. It basically means that in order to place a trade of $500, traders only need to have $1 available in their accounts. The rest of the investment amount is loaned by the broker.
Commissions and Spreads
As we have already mentioned in the Account Types section, commissions are of 20 euros if you have a Basic or Gold account. If you have a Premium account, the price goes down to 6 euros. The spread is fixed at 3 pips on EUR/USD if you have a Basic Account. Spreads are dependent on the market if you have a Gold or Premium account.
Deposits and Withdrawals
The broker offers a good variety of payment methods that you can choose from to deposit and withdraw funds. You can use VISA, MasterCard, or Maestro credit or debit cards. You also have the option to make bank transfers in several currencies. However, we are not sure what are the currencies accept it so we recommend asking a member of staff first if you are planning to make a payment via bank transfer. Even though FXBreeze offers sufficient payment methods to meet the needs of customers, Bitcoin Profit offers a wider range of payment methods.
After searching on both App Store and Google Play, we can say with certainty that FXBreeze does not offer any mobile app. However, as we have already explained, the broker uses MetaTrader4 to support its trades and you can download the app on your smart phone. You can trade with FXBreeze through the app. Alternatively, you can use WebTrader. It is an online-based platform so as long as you have an Internet connection you will be able to access it from your smart phone. It is perhaps easier than having to download the MT4 app, but that is up to you and your preferences.
Education and Resources
Unfortunately, FXBreeze does not offer an education section like many other reliable brokers do. This is perhaps one of the very few downsides of this broker. However, the website still offers a plenty of other detailed information that many other brokers do not have, so even though an education section could be included in the website, its absence does not make the broker any less reliable.
Our test has revealed that FXBreeze is currently not offering any bonuses or promotions. As we have seen with other brokers before, it can be that this is just a temporary thing and that the broker will have some promotions available, but these are never long-term. They are usually offered for a limited period of time and they are usually free funds that you get in your account. You are normally required to invest this money and are not allowed to withdraw it. Another possible bonus can be a trade insurance bonus, which is usually a coverage of losses in trade of a certain percentage of your deposit amount.
You may contact customer support 24 hours a day, 5 days a week. The broker provides three different email addresses that you can contact, one for sales support, one for client relations and one to contact the affiliate department. Alternatively, you can call a phone number based in the UK or fill in a support form by typing in your full name, email address, subject of your message and the content of the message. If you wish to contact a member of staff during the weekend, our suggestion would be to send them an email, they will certainly answer as soon as possible and take care of your concern.
What makes FXBreeze unique?
We have come up with a list of pros and cons to help you decide whether or not you want to trade on this broker.
More robots where you can access FXBreeze
Bitcoin Profit is not the only robot through which you can access FXBreeze. Here are some other ones: