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ChamberFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-22 18:46

Abstract:ChamberFX is an unregulated Australian forex brokerage, operated by CHAMBER (HOLDINGS) PTY LTD. It offers trading in forex, commodities, indices, and stocks with leverage up to 1:500 and spread floating around 2.4 pips via a WebTrader. The minimum deposit requirement to open a live account is $250.

  Note: ChamberFX's official website: https://chamberfx.com is currently inaccessible normally.

ChamberFXReview Summary
Founded/
Registered Country/RegionAustralia
RegulationUnregulated
Market InstrumentsForex, commodities, indices, stocks
Demo Account/
LeverageUp to 1:500
EUR/USD Spread2.4 pips
Trading PlatformWebTrader
Min Deposit$250
Customer Support/

  ChamberFX is an unregulated Australian forex brokerage, operated by CHAMBER (HOLDINGS) PTY LTD. It offers trading in forex, commodities, indices, and stocks with leverage up to 1:500 and spread floating around 2.4 pips via a WebTrader. The minimum deposit requirement to open a live account is $250.

Pros and Cons

Pros Cons
Diverse trading assetsInaccessible website
Unregulated status
Wide spreads
Does not support mainstream trading platforms
High minimum deposit
Limited payment options
No contact channel

Is ChamberFX Legit?

  No, ChamberFX is not regulated, so traders should carefully consider the risks it brings when choosing to trade with it.

Is ChamberFX Legit?

What Can I Trade on ChamberFX?

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Stocks✔
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌

Leverage

  ChamberFX offers leverage up to 1:500, which can potentially bring high returns, but it also comes with high risks.

Spread

  ChamberFX does not clarify about its spreads, but ChamberFXs platform gave us a EUR/USD spread of 2.4 pips – a value that is almost twice higher than the average in the sector.

Trading Platform

  ChamberFX says to support the legendary MetaTrader4, but after signing up with them, we got hold of a web-based trading terminal that doesnt even feature the name or the logo of the broker.

Trading PlatformSupported Available Devices Suitable for
MT4❌/Beginners
MT5❌/Experienced traders
WebTrader✔Web/
Trading Platform

Deposit and Withdrawal

  ChamberFX does not provide specific information on whether it charges fees for deposits or withdrawals, and its minimum deposit requirement is $250.

  Customers can only deposit funds through iPay. Additionally, users can only withdraw funds via bank transfer, but there is a significant issue with this process. Even if only the amount is entered, it shows a successful withdrawal.

Deposit and Withdrawal

  

Related broker

No Regulation
ChamberFX
Company name:CHAMBER (HOLDINGS) PTY LTD
Score
1.49
Website:https://chamberfx.com
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.49

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