TrueFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2023-07-18 15:24

Abstract：TrueFX is a forex broker that exclusively caters to institutional traders. They offer a subscription-based SaaS platform, providing a wide range of trading instruments to their institutional clients, including forex, cryptocurrencies, and metals. However, it is important to note that TrueFX is currently not regulated by any valid authority. Despite this, they offer customer support channels that allow users to enquire about their services by submitting a contact form on the official website. It is worth mentioning that TrueFX does not provide educational resources.

TrueFX Review Summary
Founded	1998
Registered Country/Region	United States
Regulation	Not Regulated
Market Instruments	Forex, Cryptocurrencies, Metals
Demo Account	Not Mentioned
Customer Support	Filling out consultation forms

TrueFX Information

　　TrueFX is a forex broker specializing in providing forex trading services to institutional traders. It offers two types of trading accounts, namely Professional and Institutional. But information on trading fees is not provided.

Pros and Cons

Pros	Cons
Offers two account types	Lack of regulation
	Limited information on trading fees

Is TrueFX Legit?

　　TrueFX is not regulated.

What Can I Trade on TrueFX?

　　TrueFX is a broker that focuses on currency and metals. the market instruments they offer include foreign exchange (FX), cryptocurrencies, and metals.

Tradable Instruments	Supported
Forex	✔
Metals	✔
Cryptocurrency	✔
Indices	❌
Stocks	❌
Shares	❌
Options	❌

Account Type

　　TrueFX provides traders with two distinct types of trading accounts: professional and institutional, which are available at a monthly cost of $4,950 and $7,450 respectively.

Category	Professional	Institutional
Price	$4,950 per month	$7,450 per month
Full Set of Currencies	Yes	Yes
Cryptocurrencies	Optional extra	Optional extra
Bid, Offer	Yes	Yes
3 Level Depth of Book Pricing	Yes	Yes
Event Driven Stream via FIX	Yes	Yes
Internet Connectivity	Yes	Yes
24x5.5 Operation and Support	Yes	Yes
Low Latency X-Connect NY, LDN, TK	Yes	Yes