Rubix FX review
Rubix FX is a brokerage company that was established in 2009. Its headquarters are in Australia. The main purpose of this broker is to provide trading tools with liquidity and transparent conditions. It is strictly regulated by ASIC which is one of the most reliable regulatory authorities with a good reputation. This broker is also licensed, which means it follows laws and is honest in its activities.
Rubix has its fees in multiple spreads. These can vary depending on the account and platform you use. There is no deposit or withdrawal fee charged by the broker itself, but there is an overnight fee of around -7.3 for shorter positions and 1.7 for positions that are held for longer than a day. Some examples of fees at Rubix are 1.4 for EUR/USD, 11 for gold, and 6.4 for crude oil WTI.
Rubix offers floating spreads which is very powerful as it can increase potential profits but also increase losses if it is not set properly depending on the instrument. Being an Australian broker, Rubix can offer high leverage. Clients can use leverages up to 1:200 or even 1:400.
This broker offers three types of accounts; standard account, raw account, and pro account. The standard account consists of a minimum deposit of $200, a minimum position of 0.01 lots, and a maximum leverage of 1:400. The pro account also has a minimum deposit of $200, minimum position of 0.01 lots, but unlike the standard account, this account has variable spreads from 0 pips.
The raw account is quite similar to the other two when it comes to minimum deposits and positions. However, the minimum deposit here is $1,000. You should keep in mind that these conditions may vary depending on the platform you use.
This broker offers over 77 instruments including, gold, commodities, CFDs, and Forex. There is guaranteed transparency because there are a lot of participants. This means one single currency doesn’t control the price. There are also several investment proposals offered to corporate clients.
Deposits and withdrawals
There is no deposit fee applied by Rubix. The minimum deposit is different for each account. It is $500 for the standard account. You can deposit funds through wire bank transfers, and Neteller, etc. You can deposit money in many currencies as Rubix is inclusive. The funds are safe as they are kept in segregated accounts for maximum security.
You can withdraw funds through Neteller, wired bank transfers, etc. Originally, there is no fees, but a fee may be charged on bank transfers to an overseas account. This fee is charged directly on the withdrawn amount.
Just like any good broker, Rubix has a customer support team that is ready to answer your questions as soon as possible. you will be provided with a space to ask questions as soon as you open the official website. They are available 24 hours a day and 5 days a week.
This team responds promptly and can reply in various languages including English, Chinese, and Japanese. They can also be reached through email or telephone and respond promptly and relevantly.
Rubix already offers an account specifically for beginners i.e., the standard account. This broker is one that values its customers and has updated features to meet the needs of traders that keep evolving side to side with technological changes and advances. Therefore, it also provides social trading to help beginners. Clients can have access to analysis tools and a research center to increase your knowledge and sharpen your skills.
Rubix is a trusted broker that is very strictly regulated by the ASIC to ensure continued quality service. Traders of any level are welcome and the features and created to match the requirements of beginners and professional traders. Even though this broker has been functioning for over a decade now, it has constantly developed its website.
Overall, the tools instruments and accounts are diverse and you are given options to choose from. Even though there is no educational material offered, there is plenty of information you on the site you can use to your advantage.