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No Regulation
Score
1.50 /10
Danger
Picasso
5-10 yearsSuspicious Regulatory License
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.90
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-09-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
General Information
Picasso presents itself as a Saint Vincent and the Grenadines-based broker that provides its clients with different kinds of trading assets. It also claims that it offers up to 500:1 leverage, over low spreads, as well as the customized Top ECN account.
Account Types
There are one trading account offered by Picasso, namely Top ECN. The minimum initial deposit to start a Top ECN account is $100, aligning with most brokers' requirements.
Leverage
In terms of trading leverage, the maximum level offered by Picasso is quite generous, up to 500:1. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
The minimum spread of the Top ECN is 0 pips. More other specific information about spreads and commissions are not involved directly on Picassos website at the time of writing this review.
Customer Support
Picassos customer support can be reached through email: cs@picasso.top, website: www.fx.top.
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