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/Region	Australia
Regulation	Unregulated
Market Instruments	Forex, commodities, indices, stocks
Demo Account	/
Leverage	Up to 1:500
EUR/USD Spread	2.4 pips
Trading Platform	WebTrader
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 assets	Inaccessible 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.

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

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.