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FXBrew Review


FXBrew is a Forex broker offering trading via the MetaTrader 4 and MetaTrader 5 platforms. Established in 2018, this broker is among the younger group of brokerages within the industry. FXBrew offers institutional-grade trading, with spreads starting as low as 0.0 pips. Headquartered in the Republic Of Ireland, FXBrew offers a variety of account types in order to appeal to various types of traders. Does this broker have what it takes to be your personal FX broker? Read on to find out.

Account Types

FXBrew offers a Micro, ECN and VIP account types.

Micro Account – As the name indicates, the Micro account allows for trading in micro lots starting at 0.01. With this account type, spreads start at 0.02 pips and leverage maxes out at 1:500. Both the MT4 and MT5 platforms can be used by Micro account holders. The trading cost with this account is $2 per $100K traded. Micro account holders are free to use scalping and hedging strategies and may also make use of EAs. The minimum deposit amount for this account is $5.

ECN Account – This account type has many of the same features of the Micro account, with trading costs being $2 per 100K and the maximum leverage being 1:500. Here too, scalping, hedging and EAs are allowed and both platform types may be utilized. One difference is that spreads start at 0.00 pips. Another is that the minimum deposit amount is $100.

VIP Account – Those who are interested in VIP services can opt for this type of account. The commission charge is the same as the other two accounts, as is the maximum leverage. Spreads start at 0.00 pips, and both the MT4 and MT5 trading platforms are offered. Free VPS service is offered with the VIP account and the minimum deposit is $5,000. There truly are not many differences between the VIP account and the other two account types with regards to perks.


Clients are free to use either the MetaTrader 4 or MetaTrader 5 trading platforms. The award winning MT4 is known around the world and remains the top choice of many brokers. MetaTrader 4 offers plenty of attractive features such as Market and Pending Orders, Instant Execution, Trading directly from within a Chart, Stop Orders, Trailing Stop, and more. On the other hand, MetaTrader 5 is more of a professional-grade platform, providing access to multiple time-frames, built-in technical indicators, customized EA’s, and much more. MT5 is available for available on Windows, Mac, iOS and Android, while MT4 is also available in these formats.


The maximum leverage offered on all account types is 1:500. This is the industry standard, with only a small number of brokers being willing to offer a higher ratio. There are instances where the maximum leverage is much lower than this, dependent upon the broker is located and what, if any, regulations they have to abide by. As always, we recommend that all traders use leverage wisely so as to avoid any issues. Do note that with FXBrew, Margin Call takes place at 70%, while Stop Out occurs at 50%. These levels apply to all account types.

Trade Sizes

Each of the three different account types allows for micro lot trading, with 0.01 being the smallest acceptable trade size. The maximum allowed trade size for the Micro and ECN accounts is 100 lots. The VIP account allows for larger trades, with the maximum trade size being 200 lots. The ability to trade in micro lots is definitely a plus, especially for new traders who are risk-adverse. Experienced traders who do wish to execute larger trades should take note, however, as there are some Forex brokers who will allow trade sizes up to 1,000 lots.

Trading Costs

A commission charge of $2 per $100K traded applies to all account types. Many brokers do charge more than this, so this is yet another advantage to trading with FXBrew. Swap charges do apply to positions which remain open after market hours. These costs can be viewed within MetaTrader. Although they do not advertise it on their website, we were informed that swap-free Islamic accounts are available upon request. Should you be interested in this type of account, contact the customer service department prior to creating a new account.


FXBrew allows you to trade forex CFDs on 60+ currency pairs, 5 commodities, 11 indices and 5 cryptocurrencies including Bitcoin, Etherum, Litecoin and more. In this area, FXBrew is similar to the vast majority of brokers. Some do offer a larger variety, while others offer less. The one asset type that is notably absent from the platform is stocks. Those who prefer to trade with this asset type will need to look elsewhere. To view complete lists of the available assets, visit the broker website and click on the ‘Markets’ tab from the homepage. There you will find each asset, along with the spread for each.


The spreads offered by this FX broker are floating and therefore will vary throughout the day. Spreads start out at 0.02 pips on the Micro account and 0.0 pips on the ECN and VIP accounts. Real-time spreads can always be viewed within MetaTrader, but can also be viewed in advance of creating an account on the broker’s website. Spreads for each asset can be viewed in list form, or can be searched for using the provided search bar.

Minimum Deposit

The required minimum deposit is based upon the type of account that is chosen. The Micro account, which is designed with novice level traders in mind, requires a minimum of only $5. For the ECN account type, the minimum is $100. As is always the case, the VIP account requires the largest minimum, $5,000. The minimum deposit decision is one which is more important than many realize. Limitations come with smaller deposits, even when leverage is factored in. This is not to say that a massive deposit is required, but instead an amount that will allow you to trade as you wish without running into any issues.

Deposit Methods & Costs

FXBrew seems to be facing the same challenge that many Forex brokers face with regarding to payment processing and as such has opted to only accept wire transfer and Bitcoin deposits. These are two of the most popular funding methods, but the drawback here is clearly the inability to accept debit cards and credit cards. If there is any good news, it would be that there are no deposit fees charged, even on wire transfers and Bitcoin deposits are extremely fast. Keep in mind that the payment method used to deposit will also be used for withdrawal.

Withdrawal Methods & Costs

Deposited funds and profits can be withdrawn using either wire transfers or Bitcoin. FXBrew does not charge any fees on withdrawals. However, it is rare to see a bank not charge their own fees on wire transfers and e-wallet providers often charge fees on outgoing withdrawals. Speak with your payment provider to find out exactly what charges may apply to any transfers that you make once FXBrew has issued your withdrawal.

Withdrawal Processing & Wait Time

Like deposits, the processing time for both types of withdrawals is listed at one working day, or up to 48 hours maximum. However, our LiveChat agent assured us that it only takes 24 hours for Cryptos because they are instant. You can expect to receive your money quickly after it has been processed. Do keep in mind that once your bank wire is processed, it may take some time to be actually become available in your bank account, but this is something you’d also need to check with your specific bank, since those time frames can vary widely.

Bonuses & Promotions

FXBrew offers a 100% deposit bonus on your initial deposit with a new account. The only requirements are that you have to be verified and deposit at least $100. After that, the bonus is available for trading, or you can withdraw, so long as you’ve met the volume requirements. Note that FXBrew does reserve the right to cancel this promotion, so you may want to take advantage of it while it lasts. It’s nice to see brokers making it possible for traders to easily double their deposits, so this bonus is a big positive. After all, there’s nothing wrong with free money.

Educational & Trading Tools

There isn’t much available in ways of education with FXBrew. On the site, you will find bits of helpful information on several different pages, but the information is not very detailed. If you’re a beginner, you’d probably do better to find more educational information by searching online. However, what FXBrew lacks in education, they make up for in trading tools, including a calculator and economic calendar built directly into their website. Wide ranges of trading tools are also built into both trading platforms. These include Market and Pending Orders, Instant Execution, Trading from a Chart, Stop Orders and Trailing Stop, as well as a tick chart and trading history. Many of the same tools are offered on MT5, as well as trading robots and trading signals.

Customer Service

Customer support is available through LiveChat, by submitting a ticket, or via phone. LiveChat is an excellent option for those that want to get in touch with an agent instantly. Submitting a ticket is also still an option for anyone that wants an answer relatively quickly; as customer support states that they make an effort to respond to tickets as quickly as possible. While we had trouble finding the phone numbers listed on the webisite, so we got those numbers from LiveChat and added them below. FXBrew is also active on social media, so be sure to follow them if you decide to sign up.

Email: support@fxbrew.com

Phone: +353 1 254 2501

Social Media:

Facebook: https://www.facebook.com/fxbrew
Twitter: https://twitter.com/Fx_Brew

We’d like to mention that we did ask several questions over LiveChat, and we always got quick and clear answers from support. So if you’re simply curious about anything, or can’t find information you’re looking for on the website, it only takes a second to message support and get those answers.

Demo Account

To open a demo account, you can click on ‘Try Demo Trading’ from the website’s homepage. From there, you’ll enter a few details, verify your email address, and then specify the leverage and account type you’d like to use. Leverages start at 100X and go up to 500X, just like with the real accounts. You can also choose an account type that mimics the real options that are offered, so this gives you an opportunity to play with the different accounts and figure out which type is best for you. You can also choose any amount you’d like as your mock balance. For example, you could test out a $5 deposit, the minimum allowed for Micro accounts, and see what you can do with it.

Countries Accepted

We had some trouble finding specifics about location restrictions on the webpage, so we took the opportunity to test out the LiveChat feature for answers. The agent quickly assured us that FXBrew accepts clients from all over the globe. This is uncommon, as many brokerages have at least a few restrictions, so it’s great to see that everyone is welcome here. If you are worried about regulation, as many are, you’ll be happy to know that FXBrew is regulated by the FSA of Saint Vincent and the Grenadines.


So, is this broker a good fit for you? Let’s recap to make sure that no important facts are left out when making your decision. First, FXBrew offers a few different account types, which were designed for beginner traders, as well as pros. Opening an account and making a deposit in the near future would allow you to claim that great initial deposit bonus. Also, the spreads start at 0 pips, so you can’t do any better than that. The leverage options are great as well.

What we didn’t like, for one, was the small offering of deposit and withdrawal methods. However, you don’t have to worry about fees or minimums when making withdrawals. Also, the smallest lot sizes were great, but the largest lot sizes were not very competitive. In our opinion, there was a lot to gain from choosing this broker, although a few negatives may make a difference, based on one’s trading style. If you decide to sign up, remember that literally everyone is accepted, and make sure you take advantage of that deposit bonus if you want to double your funds.




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