Home -
knowledge -
Forexsp -
Introduction -

WikiFX Express

Exness
EC Markets
TMGM
XM
FOREX.com
FXTM
AvaTrade
FXCM
IC Markets Global
Eightcap

Previous Post

SAFETRADE-Overview of Minimum Deposit, Leverage, Spreads

Next

CryptoWorldTrade-Overview of Minimum Deposit, Leverage, Spreads

Forexsp Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-07-08 18:11

Abstract:Forexsp, a trading name of Spot FXIT solution ltd, is allegedly an internet brokerage and investment company authorized and regulated by the State of Delaware under the Securities Investment Business Law of the Secretary of State with Register Number. 6292479, claiming to provide its clients with leverage up to 400:1, variable spreads from 2 pips on various tradable assets, as well as a choice of three different account types.

  General Information & Regulation

  Forexsp, a trading name of Spot FXIT solution ltd, is allegedly an internet brokerage and investment company authorized and regulated by the State of Delaware under the Securities Investment Business Law of the Secretary of State with Register Number. 6292479, claiming to provide its clients with leverage up to 400:1, variable spreads from 2 pips on various tradable assets, as well as a choice of three different account types.

  Market Instruments

  Forexsp advertises that it offers a variety of monetary products in financial markets, consisting of shares, commodities, indices and forex.

  Account Types

  There are three live trading accounts offered by Forexsp, apart from free demo accounts with $10,000, namely Silver, Gold and Diamond. Opening a Silver account requires the minimum initial deposit amount of $100, while the other two account types with the much higher minimum initial capital requirements of $2,000 and $5,000 respectively.

image.png

  Leverage

  The maximum leverage ratio provided by Forexsp is much higher than most brokers, up to 400:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

  Spreads & Commissions

  Spreads are influenced by what type of accounts traders are holding. Forexsp reveals that the spread on the Silver account starts from 4 pips, the clients on the Gold account can experience spreads from 3 pips, while only the Diamond account can enjoy the lowest spreads from 2 pips. As for commissions, the broker claims that there are no commissions charged for opening new deals on any tradable products.

  Deposit & Withdrawal

  Forexsp says to accept numerous means of online and offline fund deposit choices, which include Bank wire transfers, credit/debit cards and e-wallets. The minimum deposit requirement is $100. As for the processing time of deposit requests, deposit via bank wire transfers requires 2-4 business days to process.

  Customer Support

  Forexsps customer support can be reached by phone: +91 022 6908 6400, +44-1224980655, email: customercare@forexsp.com, support@forexsp.com, info@forexsp.com. Besides, you can also follow this broker on some social media platforms like Facebook, Twitter, Instagram and LinkedIn. Company address: SPOT FXIT SOLUTION LTD, 3422 Old Capitol Trail #700, Wilmington, DE 19808, United States.

  

  

  

Related broker

No Regulation
Forexsp
Company name:Spot FXIT solution ltd
Score
1.50
Website:https://www.forexsp.com/
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.50

Latest News

Southeast Asia’s Trade Outlook in the Face of U.S. Tariff Adjustments

WikiFX
2025-05-23 23:06

Inside the Market: Who’s Buying, Who’s Selling, and Why It Matters

WikiFX
2025-05-24 08:00

Is it Safe to invest in Xtreme Markets in Malaysia?

WikiFX
2025-05-24 16:18

eToro Introduces Staking for Cosmos and Polkadot

WikiFX
2025-05-23 17:07

The Facebook Fraud That Stole RM649,000 | How to Avoid Being Next

WikiFX
2025-05-23 18:41

CMC Markets Just Made a Move That Could Transform CFD Trading

WikiFX
2025-05-23 16:00

Saxo vs IronFX: In-Depth Broker Comparison for Traders in 2025

WikiFX
2025-05-23 14:24

J. Safra Sarasin Acquires 70% Stake in Saxo Bank for €1.1 Billion

WikiFX
2025-05-23 14:02

IronFX Launches Online Trading Education to Boost Trader Education

WikiFX
2025-05-23 15:11

Comparison B/W Two Renowned Brokers! Find Your Perfect Fit

WikiFX
2025-05-23 19:03

Rate Calc

USD
CNY
Current Rate: 0

Amount

USD

Available

CNY
Calculate

You may also like

Trading Score

RaiseForex

Lenox Trade

primecoinglobals

Zirve Global

East Asia Futures

SCSL

DILLON W.SRL

Trans Scan

BODAFX