Introduction
The world of online trading has grown significantly over the years, and with the rise of the internet, more and more people are looking to invest their money in the forex market. However, with so many brokers and trading platforms available, it can be challenging to know which one is legit and trustworthy. In this article, we will take a closer look at FX Academy and answer the question of whether it is a legitimate platform to use in 2023.
What is FX Academy?
FX Academy is an online trading education platform that was founded in 2013. The platform offers a range of courses and educational resources to help traders of all levels improve their trading skills and knowledge. The courses cover a variety of topics, including technical analysis, fundamental analysis, risk management, and trading psychology.
Is FX Academy Legit?
One of the most important questions when it comes to online trading platforms is whether they are legit or not. In the case of FX Academy, the answer is yes. The platform is fully regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC), which ensures that it operates within the law and meets strict regulatory standards.
Regulation and Licensing
The fact that FX Academy is regulated and licensed by CySEC is a significant indication of its legitimacy. CySEC is a respected regulator in the forex industry and is known for its strict standards and regulations. The commission ensures that all licensed brokers and trading platforms operate within the law and that they meet the necessary requirements to protect traders’ interests.
Customer Support
Another factor that indicates the legitimacy of FX Academy is its customer support. The platform offers a range of support options, including live chat, email, and phone support. The support team is available 24/7 and is knowledgeable and helpful, which is essential when it comes to online trading.
FX Academy Features
Aside from its legitimacy, FX Academy offers a range of features that make it an attractive platform for traders of all levels. These features include:
Educational Resources
As mentioned earlier, FX Academy offers a range of educational resources, including courses, webinars, and tutorials. These resources are designed to help traders improve their skills and knowledge and are suitable for both beginners and experienced traders.
Demo Account
FX Academy also offers a demo account, which is a great feature for beginners who want to practice trading without risking their money. The demo account provides traders with a virtual balance that they can use to practice their trading strategies and get a feel for the platform.
Trading Tools
The platform also offers a range of trading tools, including technical analysis tools, economic calendars, and market news. These tools are designed to help traders make informed trading decisions and stay up-to-date with the latest market trends.
Conclusion
In conclusion, FX Academy is a legitimate and trustworthy online trading education platform. It is regulated and licensed by CySEC, offers a range of educational resources and trading tools, and has a helpful and knowledgeable customer support team. If you are looking to improve your trading skills and knowledge, FX Academy is definitely worth considering.
