Independent rating of Forex broker FIX Foreign Exchange

About company

FIX Foreign Exchange (FIX) is headquartered in the United States. It strives to provide companies and financial institutions with a full range of foreign exchange and international payment services. It means that FIX helps its clients find the best interbank currency exchange rates. The company primarily works with corporations and provides money transfer services, as well as electronic wire transfers and electronic funds transfers. FIX is licensed and regulated in 30 states, registered at the federal level with the Financial Crimes Enforcement Network.

The supervisory authorities require from the broker:

• strict reporting and record keeping
• independent audit, employee and agent training program
• customer privacy
• authorized delegates/agents (their list is available only for regulatory authorities)

Trading conditions

• access to more than 100 currency pairs (USD, EUR, JPY, GBP)
• market orders
• electronic wire transfer
• electronic funds transfers
• money transfer
• spot payments (same day operations)
• delivery of the purchased currency – at the expense of client or supplier
• newsletter subscription
• international B2B payments

Support service

You can contact the company's support team by email or by phone numbers listed on the company's official website (each state has its own number).

Traders’ reviews

Oddly enough, there are few reviews about the broker on the Web. Besides, the official website contains little information about the trading conditions. The language choice is also limited. Think twice before opening an account with such a dubious company.

Advantages:

• regulated broker
• access to large array of currency pairs
• spot payments
• opportunity to receive newsletter by subscription

Disadvantages:

• lack of information about the company's activity and trading conditions; few reviews about the broker on the Web