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SixTrading Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-19 18:17

Abstract:SixTrading is an unregulated brokerage platform based in China. There is limited information about its trading assets on the internet. It offer uncompetitive trading conditions with a web-based platform.

  Note: SixTrading's official website: https://www.sixtrading.net is currently inaccessible normally.

SixTrading Review Summary
Founded2022
Registered Country/RegionChina
RegulationNo Regulation
Market Instruments/
Demo Account❌
LeverageUp to 1:200
EUR/USD SpreadFrom 3 pips
Trading PlatformsA “state-of-the-art” web-based platform
MinDeposit€250
Customer Support/

  SixTrading is an unregulated brokerage platform based in China. There is limited information about its trading assets on the internet. It offer uncompetitive trading conditions with a web-based platform.

Pros and Cons

Pros Cons
NoneNon-functional website
Lack of transparency
MT4/MT5 platform unavailable
No regulation
No demo accounts
Wide spreads
High minimum deposit
No contact channel

Is SixTrading Legit?

No license

  At present, SixTrading lacks valid regulation. Its domain was registered on June 16, 2022, and the current status is “client Transfer Prohibited”. We advise you to look for other regulated brokers.

Domain information

Account Type

  SixTrading requires a minimum deposit of €250 to open an account. This is considered rather high considering that many licensed brokers would open an account for just $10 or sometimes even as little as $1.

Leverage

  The leverage offered is up to 1:200,a ratio that is not overly high. However, it should be noted that higher leverage also leads to a significantly increased risk exposure. Trading with leverage higher than 1:100 is only recommended for those who possess some experience in the forex market.

Spread and Commission

  The broker has mentioned that its spread on EUR/USD pair is around 3 pips on average. However, many brokers would offer far better spreads, usually around 1.5 pips on EUR/USD or lower.

Trading Platform

  SixTrading appears to offer a “state-of-the-art” web-based trading platform. However, it cannot be accessed at present. Consequently, we are unable to describe what this platform is like.

Deposit and Withdrawal

  SixTrading claims to accept bank cards, wires, and OKPay.

Related broker

No Regulation
SixTrading
Company name:SixTrading
Score
1.51
Website:https://www.sixtrading.net
2-5 years | Suspicious Regulatory License | Self-developed | Suspicious biz area
Score
1.51

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