FXBankseeding Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-15 18:52

Abstract：FXBankseeding is a Suspicious Clone broker that provides various trading instruments including forex, commodities, indices, stocks, and cryptocurrencies. The maximum leverage of FXBankseeding is 1:2000. FXBankseeding also offers standard accounts with spreads of 1 pips and ECN accounts with commissions of $1 per lot.

FXBankseedingReview Summary
Founded	2-5 years
Registered Country/Region	United Kingdom
Regulation	Suspicious Clone
Market Instruments	Forex, Commodities, Indices, Stocks, and Cryptocurrencies
Demo Account	✅
Leverage	Up to 1:2000
Spread	As low as 0
Trading Platform	MT4
Min Deposit	$100
Customer Support	Email: fxbseeding@gmail.com

FXBankseeding Information

　　FXBankseeding is a Suspicious Clone broker that provides various trading instruments including forex, commodities, indices, stocks, and cryptocurrencies. The maximum leverage of FXBankseeding is 1:2000. FXBankseeding also offers standard accounts with spreads of 1 pips and ECN accounts with commissions of $1 per lot.

Pros and Cons

Pros	Cons
Leverage up to 1:2000	Suspicious Clone
ECN and MT4 available	Only email contact
Have demo accounts	Leverage up to 1:2000
Various trading instruments: Forex, Commodities, Indices, Stocks, and Cryptocurrencies
Spreads as low as 0

Is FXBankseeding Legit?

　　FXBankseeding is a Suspicious Clone even though it claims to be regulated by the FCA and CySEC with license numbers 730729a and 178/12 respectively.

What Can I Trade on FXBankseeding?

　　Forex, commodities, indices, stocks, and cryptocurrencies are FXBankseeding's tradable Instruments. Forex involves trading currency pairs divided into primary, secondary, and exotic. Traders, without owning the underlying assets, can trade commodities, indices, stocks, and cryptocurrencies through CFDs.

Tradable Instruments	Supported
Forex(Currency Pairs)	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Precious Metals	❌
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

　　FXBankseeding provides standard and ECN accounts. The standard account's leverage is up to 1:2000, while the ECN account's is 1:200. Both accounts offer demo accounts.

Account Type	Standard	ECN
Maximum Leverage	1:2000	1:200
Minimum Spread(pips）	1	0
Minimum Deposit($)	100	100
Commission($, per lot)	0	1
Demo Account	yes	yes

FXBankseeding Fees

　　The standard account does not require commission but the minimum spread required is 1pips, while the ECN account does not require spread but the commission is $1 per lot.

Leverage

　　The maximum leverage is 1:2000 meaning profits and losses will be expanded 2,000 times.

Trading Platform

　　FXBankseeding supports traders using MT4, which is more suitable for novices than MT5.

Trading Platform	Supported
MT4	✔

Deposit and Withdrawal

　　The minimum spread is $100, which is a relatively low deposit. FXBankseeding offers a variety of payment methods such as credit/debit cards, bank wire transfers, and e-wallets.

　　Credit/Debit cards include Visa、Mastercard、Maestro、American Express、and UnionPay, while e-wallets include Skrill、Neteller、WebMoney、FasaPay. Bank wire withdrawals require a $25 handling fee. Deposits are usually processed within 24 hours, while withdrawals can take up to 5 working days.