FX Junction Review – Compare The Best Social Trading Providers 2023

Welcome to Acorn 2 Oak, the website where you can compare and review a wide range of forex products and services, including managed accounts and social trading, as well as leading forex brokers. We offer you a smart way to save time and money by comparing various forex opportunities.

Below, you can read an in-depth review of FX Junction social trading service. To read more reviews on other social and copy trading services, please click here.

FX Junction is an online social trading network that connects traders with various level of experience. Through the platform, they can communicate and share trading ideas, strategies and other relative information. In this FX Junction review, we will look at the platform’s specifics, how you can sign in, and what is the overall customers’ experience.

FX Junction Overview

FX Junction was launched in 2016 by the IT development company PyneBite. Their headquarters are in Bratislava, Slovakia. PyneBite specialises in technology solutions for the financial services industry. FX Junction is not integrated with a brokerage but instead enables everyone with a MetaTrader broker account to join them.

FX Junction Platform Review

FX junctions aim to offer an environment where traders with little or more experience can connect and utilise their collective wisdom. The platform relies on simplicity – there are two main tabs – Dashboard and Find Traders. The other sections include the “Contact Us” page, news, and information about their affiliate programmes.

The Dashboard section is the main feed of FX Junction. On the left-hand side, users can track different valuable stats such as Leaderboard, Trading Activity in the last 24 hours, Community Open Positions and Current Open Markets.

Additionally, there is information about the Newest Members and Most Popular Brokers of The Last Month. The data is well structured without getting into too many details.

The main section of the page is for the community’s activities where traders can share and discuss market trends trading strategies ask and answer questions. On the left-hand side is the feed with the latest trading activities renewed every minute.

The “Find Traders” section enables users to search traders based on different criteria. We appreciate the wide range of characteristics listed, including ROI and Drawdown. However, we noticed that the “Account Age” stretches only within a year which we believe is not enough when it comes to selecting an expert trader to follow.

On the plus side, every listed trader is presented with detailed information on their Trading Profile and Performance.

FX Junction Signing Process Review

FX Junction register process is simple. As with other social trading platforms, you can sign up directly or link your Facebook or Google profile. Once your profile is created, you are invited to connect it with your broker account. FX Junction doesn’t integrate with a specific brokerage.

Therefore, you need to have an account created beforehand. On one side, this shortens the time before you will be able to start following and trading through FX Junction. On the other side, if you don’t have a brokerage account, you will need to perform due diligence and research yourself, which could be a lengthy process.

READ ALSO: Compare best forex brokers 2023

FX Junction Customer Experience Review

FХ Junction is a social trading platform that targets traders with some level of experience. It acts as a mediator among them. There are no fees to join or to maintain your account. However, there are several commission-based fees, monthly subscription charges and inactivity fees (10 USD per month).

We strongly advise you to check in details in their FAQ section, where you can find in-depth information on the topic.

Funding and withdrawal process online based through PayPal, Skrill and FasaPay. FX Junction doesn’t apply any fees on incoming payments or withdraws. Still, in our opinion, the integrated payment solutions are somehow limited and could be a setback for some traders.

Overall, FX Junction impresses with its clarity. However, we couldn’t find any information on how many traders are using the platform. Neither customers’ testimonials comment on their experience with the platform despite its existence for over six years.

FX Junction Pros and Cons Review

Pros

► Simple, easy to navigate feed

► Detailed information on signal providers

► Thorough FAQ section

► Demo account

Cons

► Not suitable for new investors

► No broker partnership

► Various fees