It was established in 2014, Rubix FX is a multiservice brokerage company that offers more over 70 different currency pairs numerous CFDs and precious metals that you can trading on the renowned MT4 platform.
Rubix FX is a registered trading name of Gleneagle Markets Pty Ltd and Gleneagle Markets Pty Ltd is an Authorised Representative Corporate for Gleneagle Securities Pty Limited, which is licensed by ASIC. Gleneagle Securities is an Institutional only broker that provides the liquidity of Global Prime and Rubix FX.
ASIC requires that licensed businesses comply with certain standards and adhere to various rules. Client’s money must be held in separate trust accounts. In accordance with RUBIX FX’s website , client funds are kept in a segregated trust account for clients with Westpac Banking Corporation.
In terms of the minimum capital requirements, Aussie forex brokers must have at minimum $ 1 million to function legally. Comparatively, the British’s FCA along with Cyprus’ CySEC both require brokers to hold at minimum 730 000 EUR and 1 000 1 000 EUR.
Contrary to other European brokers (Cyprus or UK-based) However, unlike other European ones (Cyprus and UK-based ones), Australian brokers are not covered under the compensation schemes. Despite ASIC supervision and regulation for Australian brokers, it is important to consider the potential risks associated with dealing with Margin FX as well as CFDs.
Trading Conditions
Minimum Initial Deposit
The traders are required to pay $200 before they can open accounts with Rubix Fx and this is a typical initial amount for the initial. Comparatively, XM(holding, among other things, the ASIC license) requires just $5 from its customers for a starting point.
Average Spreads & Commissions
Rubix Fx’s spreads for Standard accounts are within the range of 1.0 to 1.5 pips for EUR/USD, beginning at 1.0 pip. Its ECN spreads are extremely good, averaged 0.3 percent on EUR/USD and carrying a commissions in the amount of $2.5 for each standard lot. In other words, the costs of trading of account holders run to about 0.8 percent per lot in this pair, including commission that is really great price. Be aware that you need to put in at least $1000 to receive the benefit.
For additional details, you can find the real-time spreads for fifteen of the top brokers on this page.
Maximum Leverage
Customers from Rubix Fx use leverage ratios that go up to 1:400. This is considered to be high, but the standard leverage is set at 1:100 because greater leverage comes with a higher risk of losses over the initial investment.
The majority of brokers provide leverage up to 1:200 or 1:400. For instance , the global brokerage FXCM has an ASIC license, among other things and also offers leverage that is 1:400 or greater, and numerous brokers offer leverage up or more than 1:500..
Trading Platforms
The broker is compatible with the most popular trading platform in the industry, MetaTrader 4. MT4 includes all the features and tools that a trader requires with a range different technical indicator, a sophisticated charting software, a broad selection of Expert Advisers (EAs) and a comprehensive back-testing environments. Utilizing EAs traders can relax while the software takes care of everything else, since Expert Advisors allow for full automation of trades.
If you’re running EAs it is crucial you connect your EAs platform to the servers 24/7 every day. The best option for this scenario would be the VPS (Virtual Private Server) hosting and Rubix Fx provides such solution to its clients via its relationship together with Beeks FX. The cost of VPS varies from $29 USD up to the amount of $98 per month according to the amount of trading.
Additionally, Rubix Fx’ clients who specialize in copy trading can utilize software called AutoTrade by MyFXBook. AutoTrade is a third-party technology accessible to Rubix FX customers through The Metatrader 4 trading application. Mirroring or technology for trade copy is operated and managed by Myfxbook.
Methods of Payment
Rubix Fx offers its clients various deposit and withdrawal options using credit cards (AUD USD, EUR, and SGD) and banks wire (base currencies such as USD, AUD EUR GBP, CAD, SGD), Neteller, and China UnionPay (USD only).
Rubix FX does not charge any charges to deposit or withdraw funds using direct deposit/withdrawal. However, there may be associated charges for Credit Card deposits/withdrawals. International transactions between and to Rubix FX can incur fees for intermediaries or transfers that are not a part of the broker and not charged by the broker.
Conclusion
Rubix Fx is an Australian forex and CFD brokerage, whose trading conditions are fairly excellent. The only problem we have about the brokerage is that it doesn’t have a license that is its own.
| Rubix FX Summary | |
|---|---|
| Rubix FX Details | Information |
| Regulators | |
| Country | |
| Base Currencies | |
| Type Of Brokers | N/A |
| Trading Platform | N/A |
| Established Year | 2010 |
| Website Language | English |
| US Clients | |
| Rubix FX Spreads | |
|---|---|
| Option | Information |
| Minimum Spreads | 0.0 |
| Commission | |
| Fixed Spreads | |
| Rubix FX Payment & Withdrawal Option | |
|---|---|
| Option | Information |
| Acc Funding Methods |  Skrill |
| Acc Withdrawal Methods | Skrill |
| Rubix FX Suitable For | |
|---|---|
| Option | Information |
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading | |
| Rubix FX Trading Account Options | |
|---|---|
| Option | Information |
| Maximum Leverage | 1:500 |
| Mini Account | |
| VIP Accounts | |
| Segregated Accounts | |
| Free Demo Accounts | |
| Managed Accounts | |
| Pro Account | |
| Minimum Deposit | $10 |
| Islamic Account | |
| Rubix FX Trading Services | |
|---|---|
| Option | Information |
| Hedging | |
| News Trading | |
| Scalping | |
| Automated Trading | |
| Indices | |
| Commodities | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy Tradings | |
| Rubix FX Contact & Support | |
|---|---|
| Option | Information |
| Telephone No | +61 2 9099 4288 |
| info@rubixfx.com | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | Level 27,25 Bligh Street Sydney NSW 2000 Australia |
