Praxis Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-12 16:02

Abstract：Founded in 2019, Praxis is an unregulated broker registered in Cayman Islands, offering trading in forex, indices, commodities, stocks, and CFDs. However, demo accounts are not available and the minimum deposit requirement is unclear.

Praxis Review Summary
Founded	2019
Registered Country/Region	Cayman Islands
Regulation	No regulation
Market Instruments	Forex, indices, commodities, stocks, CFDs
Demo Account	❌
Leverage	/
Spread	From 0.2 pips (forex)
Trading Platform	/
Min Deposit	/
Customer Support	Contact form
	Tel: +1-800-561-3599
	Email: sales@praxisdigitaltrading.com
	Address: Level 43, AIA Tower, 183, Electric Road, North Point, Hong Kong
	Registered Address: CO Services Cayman Limited, PO Box 10008, Willow House, Cricket Square, Grand Cayman, KY1-1001, Cayman Islands

Praxis Information

　　Founded in 2019, Praxis is an unregulated broker registered in Cayman Islands, offering trading in forex, indices, commodities, stocks, and CFDs. However, demo accounts are not available and the minimum deposit requirement is unclear.

Pros and Cons

Pros	Cons
Various trading products	No regulation
	No demo accounts
	Lack of transparency

Is Praxis Legit?

　　No. Praxis currently has no valid regulations. Please be aware of the risk!

What Can I Trade on Praxis?

Tradable Instruments	Supported
Forex	✔
Indices	✔
Commodities	✔
Stocks	✔
CFDs	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Spread

Asset Class	Spread
Forex	From 0.2 pips
Metals	From 15 cents on gold
Indices	From 1 point on major indices
Commodities	From 1 point on major symbols