FRX Spreads, leverage, minimum deposit Revealed

FRX Information

　　FRX is a brokerthat provides 1500+ tradable instruments including forex, commodities, metals, CDFs, cryptocurrencies, and indices. The broker also provides three real accounts with a maximum leverage of 1:500. The minimum spread is from 0.8 pips and the minimum deposit is $100. FRX is still risky due to its suspicious clone status.

Pros and Cons

Is FRX Legit?

　　FCA regulates FRX with license number 631382, while the current status is 'suspicious clone'.

What Can I Trade on FRX?

　　FRX offers a wide range of market instruments, including forex, commodities, metals, CDFs, cryptocurrencies, and indices.

Account Type

　　FRX has three account types: standard, VIP, and ECN. Traders who want low spreads and low leverage can choose an ECN account, while those with a small budget can open a standard account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

FRX Fees

　　The spread is 0.8 pips, and the commission is 0. The lower the spread, the faster the liquidity.

Leverage

　　The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

　　FRX cooperates with the authoritative MT5 trading platform available in Mobile(Android/iOS), Desktop, and Mac to trade. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.

Deposit and Withdrawal

　　The minimum deposit is $100. FRX accepts Visa, MasterCard, Tether, Bitcoin, and Bank Wire for deposit and withdrawal, whose deposit speed is instant and withdrawal speed is up to 3 to 7 days.