FX FOORIN Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-12 21:31

Abstract：FX FOORIN is a broker that provides a variety of trading instruments, including forex, precious metals, crude oil, and index. In addition, FX FOORIN provides demo accounts, Islamic accounts, and 3 real accounts: standard, pro, and VIP. Regarding fees, FX FOORIN requires a minimum spread of 0.2 pips and is commission-free. In addition, the leverage is as high as 1:500.

FX FOORINReview Summary
Founded	5-10 years
Registered Country/Region	China
Regulation	Unregulated
Market Instruments	Forex, Precious Metals, Crude Oil, Index
Demo Account	✅
Leverage	Up to 1:500
Spread	From 0.2 pips
Trading Platform	MT4
Min Deposit	0
Customer Support	Not mentioned

FX FOORIN Information

　　FX FOORIN is a broker that provides a variety of trading instruments, including forex, precious metals, crude oil, and index. In addition, FX FOORIN provides demo accounts, Islamic accounts, and 3 real accounts: standard, pro, and VIP. Regarding fees, FX FOORIN requires a minimum spread of 0.2 pips and is commission-free. In addition, the leverage is as high as 1:500.

Pros and Cons

Pros	Cons
Multiple trading assets: forex, precious metals, crude oil, index	Unregulated
3 account types: standard, pro, and VIP	No customer support information
Minimum deposit 0	Spreads start from 0.2 pips
Leverage up to 1:500	No domain name registered
MT4 available
Commission free
Demo and Islamic accounts available

Is FX FOORIN Legit?

　　FX FOORIN is not regulated, which will increase transaction risks and reduce transaction security.

What Can I Trade on FX FOORIN?

　　FX FOORIN provides trading instruments including forex, precious metals, crude oil, and index. These instruments involve different trading formats such as futures, options, swaps, and funds.

Tradable Instruments	Supported
Forex	✔
Precious Metals	✔
Crude Oil	✔
Index	✔

Account Type

　　FX FOORIN has launched 3 real account types, setting different thresholds depending on different spreads and deposits. These real accounts are standard, pro, and VIP. Note: The deposits for pro and VIP accounts are $10,000 and $100,000 respectively. The amounts are relatively high.

Account Type	Standard	Pro	VIP
Maximum leverage	1:500	1:500	1:500
Minimum spread(pips)	1.0	0.5	0.2
Minimum deposit($)	0	10000	100000
Commission free	Yes	Yes	Yes

FX FOORIN Fees

　　The spreads of FX FOORIN's three accounts, standard, pro, and VIP, are 1pips, 0.5pips and 0.2pips respectively. In addition, traders will have the benefit of commission-free.

Leverage

　　The leverage is as high as 1:500, which means that traders profits and losses will be expanded 500 times.

Trading Platform

　　FX FOORIN cooperates with MT4, the authoritative trading platform recognized by traders. MT4 is more suitable for beginner traders than MT5, but MT4 also has powerful data chart processing functions, which will facilitate trading.

Trading Platform	Supported
MT4	✔

Deposit and Withdrawal

　　The minimum deposit is 0. FX FOORIN allows traders to deposit and withdraw money for free. Additionally, FX FOORIN offers popular payment methods such as bank transfers, credit, and debit cards.