BurlyFX.com is an online trading platform that offers a wide range of assets including forex, CFDs, and cryptocurrency pairs. The company is based in Bulgaria and is owned by Burly Media Ltd. The website was launched in 2020 and is available in English and Russian. The company provides two account types – Standard and Pro – with minimum deposits of $250 and $1000 respectively. Both accounts offer leverage of up to 1:500 and a minimum trade size of 0.01 lots. BurlyFX also offer Islamic swap-free accounts and a demo account with $10,000 virtual money.
What is BurlyFX?
BurlyFX is an online CFD and Forex trading platform that offers a wide range of features and tools for both experienced and novice traders. The platform is designed to be user-friendly and provides users with all the information they need to make informed trades. BurlyFX also offers a demo account so that users can practice their trading strategies before investing real money.
How Does BurlyFX Work?
BurlyFX is an online broker that provides access to the foreign exchange market. It offers a simple and user-friendly platform for both novice and experienced traders.
BurlyFX’s main features include:
– A web-based trading platform that is easy to use and navigate
– A wide variety of currency pairs to trade
– Tight spreads and competitive commissions
– A free demo account to practice trading
– 24/5 customer support
Is BurlyFX a Scam?
When it comes to online trading platforms, there are a lot of scams out there. So, is BurlyFX a scam?
No, BurlyFX is not a scam. It is a legitimate online trading platform that offers a variety of features and tools to help you trade forex, CFDs, and other assets.
Some of the things that make BurlyFX a reliable platform include its regulated by the Financial Conduct Authority (FCA), it has negative balance protection, and it offers 24/5 customer support.
To sum it up, BurlyFX is not a scam and is a safe place for you to trade forex, CFDs, and other assets.
Pros and Cons
There are many online trading platforms available today, and BurlyFX.com is one of them. In this review, we will take a look at the pros and cons of this particular platform to help you decide if it is right for you.
BurlyFX.com is a web-based platform that offers access to the foreign exchange (Forex) market. It is owned and operated by Burly Capital Ltd., a company registered in the Republic of Seychelles. The company is regulated by the Financial Services Authority (FSA).
The main selling point of BurlyFX.com is its low minimum deposit requirement of just $1. This makes it an attractive option for those who are new to online trading or forex trading in general. The platform also offers a demo account with $10,000 in virtual funds so that users can test out the features and get a feel for how the platform works before committing real money.
Another advantage of BurlyFX.com is that it offers leverage of up to 1:200, which means that traders can increase their potential profits (or losses) by using borrowed funds. However, leveraged trades also come with greater risk, so this feature should be used with caution.
One downside of BurlyFX.com is that it does not support MetaTrader 4 (MT4), which is one of the most popular trading platforms among forex traders. MT4 is known for its user-friendly
All in all, BurlyFX is a great broker for those who are looking for a reliable and user-friendly platform. The customer service is excellent, the fees are reasonable and the platform is very easy to use. However, there are some drawbacks, such as the lack of a mobile app and the limited number of assets available. Overall, we would recommend BurlyFX to anyone who is looking for a reliable and user-friendly online broker.