FAQ

Yes, FX Nice is authorised and regulated in Honduras by the Financial Services Authority (FSA), Financial Services Authority (FSA), and our activities are passported in all countries of the European Union with the respective regulatory bodies.

The FSA (Financial Services Authority of Honduras (Company ID: 588121).) is the Financial Services Authority, the Honduras regulator of the financial markets. Fxnice is authorised and regulated by Financial Services Authority registration number 588121(https://www.fsa.hn/).

We are located in the City of London and you are invited to visit us by appointment should you wish.

As a retail client, your money is kept in a segregated client account and cannot be used by Fxnice for any reason. We are a member of the Financial Services Compensation Scheme which covers, in the unlikely event of our default, 100% of the first £50,000 deposited by the client. For further information you can contact FSA The scheme covers clients from all over the world.

Fxnice was founded in 2007 and been growing strongly in the field of CFD trading; Corporate Finance and Corporate Broking. Fxnice launched in 2010 to widen our product offering and serve our existing client needs.

You can withdraw your funds to the Credit Card, Bank Account or other method from which you deposited. Fxnice will action withdrawals on the same day that they are requested. You should allow time for the banks and card companies to process the transactions.

In many cases no fees are charged. If you require a same day Sterling transfer or payment in USD or EUR then we charge an equivalent fee to that charged to us by our bank.

A rollover or swap is an interest rate adjustment levied to trading positions to reflect the cost of borrowing one currency and lending another. It can be a debit or credit to your account depending on your trade. It is an inherent characteristic of professionally trading foreign exchange markets.

You can use your Credit or Debit card, or use a Bank Transfer.

Copies of these documents are required:

  • Your passport
  • A copy of a recent utility bill less than 3 months old or
  • A copy of a bank statement less than 3 months old

Please note that we do not accept credit card bills and mobile phone bills address to proof your address.

Upon correctly completing our online application and we are satisfied with your identity details and appropriateness for margin trading, your account will be ready for funding within minutes.

No, we are not able to accept clients from the USA because we do not have the relevant regulatory licence. There are currently no plans to apply for this licence.

In the event of any complaint we will work closely with you to resolve it in accordance with our Complaints Policy. In the unlikely event this is not possible then you have recourse to the Financial Ombudsman Service who will be the final arbiter of any complaint.

In the unlikely event of our system failure it is permissible to close trades on the telephone. It is not possible to open new trades because it is impossible to replicate the efficiency of the online trading platform and only most urgent calls can be dealt with.

You can contact us by telephone, email or live chat between 08:00 and 17:00 London time.

This means that your trades with Fxnice are automatically processed by the system without human intervention. With Fxnice there are no requotes, the price you click is the price you receive.

When you trade Fxnice is the counterpart to your trade. We profit by means of the dealing spread and volume of business that we transact, and sophisticated hedging techniques to manage our company risk.

Fxnice is not routinely required to communicate with tax authorities regarding client accounts. Your tax position is your responsibility and you should take professional advice if required.

Fxnice accounts can be traded with very small stakes, in some cases for less than 10p per point. Margin accounts often attract tighter dealing spreads and offer more sophisticated trading software.

The spread of trading instruments is dependent on its liquidity. In Asia or volatile trading periods such as upon release of economic or social/political news liquidity is reduced and so spreads may be widened.

The spread of trading instruments is dependent on its liquidity. In Asia or during volatile trading periods, such as upon the release of economic or social/political news; liquidity is reduced and so spreads may be widened. Our price widening is based upon the widening of pricing from our liquidity providers. Also note that some currency pairs are less liquid that others; that is, there is less interest in the market place to trade them.

Our platforms are open from 10pm Sunday evening until 10pm Friday evening. There may be a few minutes disparity in these times due to poor liquidity. Also note that not all products are available 24/5. Our offices are open for technical support during UK business hours.

Disclaimer

Fxnice is the trading name of Venture Securities Limited and is authorized and regulated by the Financial Services Authority of Honduras (Company ID: 588121).
Risk Warning: Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the FXNICE brand based on the legal requirements in his/her country of residence.

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