FXPace is a forex and contract for difference (CFD) broker registered in Bermuda, with undisclosed headquarters information. It primarily offers CFD trading services for forex, precious metals, indices, futures, and stocks. The broker's official website supports multiple languages, including Simplified Chinese, English, German, Arabic, Spanish, and Portuguese. According to Whois data, FXPace's website domain was registered on April 4,2017.
Company Background
FXPace is operated by Salvax Limited. Salvax Limited is a Bermuda-registered company with registration number 53275, and its website domain was registered in 2017. However, there is no information about its registration with the Bermuda Monetary Authority (BMA).
Trading Platforms
This broker provides Meta Trader 4 for users to use, which is compatible with Windows, Web, iPhone/iPad, and Android iOS.
Account Types
FXPace offers three types of accounts:
- Live Floating Spread Account
- Live Fixed Spread Account
- STP/ECN Zero Spread Account
Users can choose different account types based on their trading needs.
Operating Regions
FXPace is not allowed to provide services to the United States, Iran, Cuba, Sudan, Syria, North Korea, and jurisdictions under legal restrictions.
CNMV Warning on FXPace
Most importantly, on January 13, 2020, the Spanish Financial Markets Authority (CNMV) issued a warning stating that FXPace is not authorized to provide investment services and activities in Spain. Customers who invest their funds with this company may have difficulty recovering their capital in case of issues.
Summary
FXPace is not regulated by any regulatory authority and has been warned by the Spanish Financial Markets Authority (CNMV), indicating a very high level of risk. Currently, this broker is marked as "suspected fraud" on TraderKnows. Users should exercise caution when considering the services offered by this company, ensuring the safety of their assets and avoiding falling into potential scams.
