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Rubix FX Ulasan

Rubix FX


On-line since: 2014
Country of origin: Australia
Regulation: Australian Securities & Investments Commission (ASIC), license No 337985
Payment options: wire transfer, electronic payment systems: China Union Pay, Poli-Pay, Neteller
Minimum account size: $200
Minimum lot size: 0.01
Leverage: 1:400
Spreads: fixed, variable from 0 pip

About the company:

Rubix FX was founded in 2014. It is a registered trading brand of Gleneagle Securities (Aust) Pty Limited, licensed to do business in the financial services industry of Australia. Rubix FX offers its clients to trade more than 70 currency pairs, various CFDs, precious metals (gold, silver) and oil for trading on two types of accounts with a leverage of up to 1:400. Micro lot trading is also available.

Security of funds

ASIC requires from licensed companies to comply with certain standards and rules. According to the company's website information, customer funds are held in a separate trust account in Westpac Banking Corporation.

Moreover, according to Australian law, a Forex broker must have a capital of at least $1 million to operate legally. For instance, the British FCA and Cyprus CySEC require the broker to have a capital of at least 730 thousand euros and 1 million euros, respectively.

However, like many other Australian brokers, Rubix FX is not covered by any compensation system. Therefore, despite the regulation of ASIC, you should be aware of the risks when trading margin currency and CFDs.

Trading conditions

Minimum deposit

The minimum deposit for Rubix FX account is $200 and for ECN-account is $1.000. For comparison, the XM broker, which also has an ASIC license, requires only $5 to open an account.

Average spreads and commissions

The company offers two types of accounts – standard account and ECN- account. The standard account does not require commissions. Spreads vary between 1.0-1.5 pips for EUR/USD starting from 1.0 pips.

Trading on ECN-account requires a commission of $3.5 per standard lot. Spreads start from 0 pip.

Minimum leverage

The company offers its customers to use a minimum leverage of 1:400 which is considered high enough. The standard leverage is set to 1:100. A higher leverage entails a greater risk of loss over the initial investment. Most brokers are offered an average leverage of 1:200 or 1:400.

Trading platform

Rubix FX uses the standard MetaTrader 4 Forex trading platform. MT4 provides plenty of tools and functions which are necessary for a trader: a number of technical indicators, an extended charting package, a wide range of expert advisors (EAs) and opportunities for backtesting. In addition, CopyFX (an investment system for copying transactions) is also available for a broker. The AutoTrade technology enables a trader to use this function.

Bonuses

On the company's website, there is information about a free welcome bonus of $50. However, at the attempt to get the bonus, the visitor receives information about the expiration of this promotion.

Payment options

Rubix Fx offers its clients various methods of depositing and withdrawing funds: by credit card (AUD, USD, and EUR), wire transfer (base currencies: AUD, USD, EUR, CAD, GBP, and SGD) and through Neteller and China UnionPay payment systems (USD only). Rubix AH does not charge a fee for depositing and withdrawing funds via direct operations.

Feedbacks from traders

Positive feedbacks prevail among the users (70/30%). Users notice that it is quite a reliable and an adequate broker. However, Rubix Fx does not have its own license or a compensation scheme. This is considered to be normal for brokers in Australia, though. Among disadvantages, some traders highlight the occurrence of technical problems when working on the platform.

Pros:

  • wide variety of trading tools;
  • MT4 trading platform;
  • ECN-account with low costs;
  • AutoTrade transaction copy system;

Cons:

  • lack of license (authorised representative);
  • flawed compensation scheme.

Rubix FX 1/10 (votes 2241)
Pengarang of Rubix FX: Nurudeen | Tarikh 2022-05-16
Rubix FX has a stable execution on the MT4 platform so far. As all of my orders are in perfect position in the live price quote and my EA works properly with their fixed spread. Also, I've found current news, profitable technical analysis, helpful trading tools, and analytical indicators in this platform too. So I can make an $860K profit so far. I am satisfied with Instaforex’s service, As I can withdraw my profit via the Skrill payment system within a day. Overall my business is comfortable with Rubix FX.
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Pengarang of Rubix FX: Kolly | Tarikh 2022-04-11
Rubix FX is a fraud Broker, please don’t join this broker. I have traded with this broker since last year and I had a difficult time with their withdrawal. I had a account with them and especially, I am not a scalper for which they would mind to do the profit withdrawal. I withdrew $800, when I earned profit of $950 in trading. However, they delayed my request, and I waited 3 days with nothing. Therefore, I called their customer service to support for this, and they always promised they will transfer money to my account in next day. Hence, I waited 2 days, but nothing happened in my account. I was angry, so I contacted them again. Unfortunately, I got no response from them because they hang up my phones. In addition, they closed my account later that means they took away all my money. This broker is really a thief. Avoid this broker.
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Pengarang of Rubix FX: Biarpel | Tarikh 2021-04-07
In my eight months trading experience with Rubix FX I never had a trouble with deposit and withdrawals, both are done within one hour. Their spreads are also very low. Most wonderful thing is that they have 0 spread on major pair. Marvelous live support, they are always ready to assist their clients and easy to understand. Very happy to recommend Rubix FX to all.
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Pengarang of Rubix FX: Malavia | Tarikh 2021-03-23
Rubix FX is a scam broker. I got a profit of $500, and I was about to withdraw all my profit. I have sent a WD request, but they canceled all profits. I can't understand why they canceled it. I have called their client support, and their reason is for being consistent with the manipulation of the market information. As I have read with different users in the forum, they have the same problem as mine. So to anyone who is thinking of investing with Rubix FX, better stay away and don't invest because they will only steal your money and won't care about their clients.
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Pengarang of Rubix FX: Namjil | Tarikh 2021-01-29
Rubix became popular in our area because of their bonuses. People have started investing in them because of the blinding offers. I also opened an account but lost everything within just two months. Their trading platform is terrible and their fees are too high. Their overall broker services are disappointing.
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