BenefitFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-11 17:49

Abstract：BenefitFX, registered in the Marshall Islands, is a modern trading platform with an intuitive interface that provides clients with stocks, currencies, indices and commodities trading services.

BenefitFX Review Summary
Founded	2-5 years
Registered Country/Region	Marshall Islands
Regulation	Unregulated
Market Instruments	Stocks, currencies(sixty currency pairs), indices(15 Index CFDs ) and commodities, metals, oil range and forex
Leverage	Up to 1:100
Spread	Starts from 0.9 pips
Min Deposit	$250
Customer Support	Telephone number： +7 499 609 12 59+7 495 045 43 76+44 20 376 94 016Email: support@benefitfx.ccinfo@benefitfx.cc

BenefitFX Information

　　BenefitFX, registered in the Marshall Islands, is a modern trading platform with an intuitive interface that provides clients with stocks, currencies, indices and commodities trading services.

Pros and Cons

Pros	Cons
Five types of accounts	Lack of Regulatory Oversight
User-Friendly Trading Platforms	The minimum deposit is as high as $250

Is BenefitFX Legit?

　　BenefitFXis not supervised by any financial institutions.

What Can I Trade on BenefitFX?

　　BenefitFX offers traders the opportunity to trade stocks, currencies(sixty currency pairs), indices(15 Index CFDs ) and commodities, metals, oil range and forex.

Tradable Instruments	Supported
Commodities	✔
Stocks	✔
Currencies	✔
Forex	✔
Indices	✔
Metals	✔
Oil range	✔
Mutual Funds	❌
Futures	❌

Account Types

　　BenefitFX provides five account types: Basic, Silver, Gold, Platinum, and VIP ECN. Initial deposit requirements for these account types are $250+, $1000+，$5000+，$25000+ and $100,000+ respectively.

　　Leverage

　　All account types offer 1:100 leverage, except for VIP ECN accounts which offer 1:10 leverage.

BenefitFX Fees

　　Basic accounts enjoy spreads as low as 2 pips, the same is true for silver accounts, while 1.5 pips for gold accounts, and 0.9 pips for platinum and VIP ECN accounts).

　　Starting with the Silver account, clients have the opportunity to receive awards from the company, ranging from 30% (Silver account) to 50% (Gold account) to 100% (platinum and VIP ECN account).

　　VIP ECN accounts are subject to additional coverage up to 50%.

　　Trade gold, silver and oil ranges enjoy a no-deposit-fees policy.

	Awards	Additional coverage
Basic Account	N/A	N/A
Sliver Account	30	N/A
Gold Account	50	N/A
Platium Account/VIP ECN	100	50

Deposit and Withdrawal

　　First withdrawals are free for basic accounts, silver accounts and gold accounts, while platinum accounts and VIP ECN customers enjoy free withdrawals.