Demand FX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-16 12:17

Abstract：Demand FX is an unregulated trading platform that was founded in China in 2023. With a $100 minimum deposit, it offers spreads as low as 1.5 pips and leverage up to 1:500. Demand FX asserts to provide tradable assets, including stocks, futures, crude oil, gold, bitcoin, currencies, etc.

　　Note: Demand FX's official website: https://demand-fx.com is currently inaccessible normal.

FIRMReview Summary
Founded	2023
Registered Country/Region	China
Regulation	Unregulated
Market Instruments	Stocks, futures, crude oil, gold, bitcoin, currencies, etc.
Demo Account	/
Leverage	Up to 1:500
Spread	From 1.5 pips
Trading Platform	Demand FX trading platform
Min Deposit	$100
Customer Support	Live chat, email: info@demandfx

　　Demand FX is an unregulated trading platform that was founded in China in 2023. With a $100 minimum deposit, it offers spreads as low as 1.5 pips and leverage up to 1:500. Demand FX asserts to provide tradable assets, including stocks, futures, crude oil, gold, bitcoin, currencies, etc.

Pros and Cons

Pros	Cons
Comprehensive Investment Markets	Not Regulated
	Unstable website
	No MT4/5

Is Demand FX Legit?

　　Demand FX operates without regulation from any regulatory authority.

What Can I Trade on Demand FX?

Tradable Instruments	Supported
Stocks	✔
Futures	✔
Crude oil	✔
Gold	✔
Bitcoin	✔
Currencies	✔
Indices	❌
ETFs	❌

Account Type

　　Demand FX only offers a single account type. The minimum deposit requirement to open an account is $100.

Leverage

　　Demand FX allows traders to use a maximum leverage of 1:500. In this case, a trader with a 1:500 leverage ratio may be able to open a position in the market that is 500 times greater for each unit of capital in their account.

Spreads & Commissions

　　The spreads on Demand FX start from 1.5 pips. Spreads represent the difference between the buying (ask) price and the selling (bid) price of an asset. These spreads can vary across different instruments and market conditions.

　　Regarding commissions, Demand FX charges a flat commission fee of $7 per round turn. For instance, if a trader opens and closes a position (round turn) on an instrument, they would be charged a total commission of $7 for that specific trade.

Trading Platform

　　Demand FX claims to offer an original trading platform called “Demand FX trading platform”. One of its highlighted strengths is the provision of chart analysis tools which offer access to over 50 technical indicators and intraday analysis tools.