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Fake FXTM-Overview of Minimum Deposit, Leverage, Spreads

ForexCFDS Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-06-06 18:43

Abstract:Forex CFDs is allegedly a forex broker based in Australia that provides its clients with the worlds most widely-used MetaTrader4 platform, up to 30:1 leverage, variable spreads on various tradable assets, and a choice of two different account types.

  General Information

  Forex CFDs is allegedly a forex broker based in Australia that provides its clients with the worlds most widely-used MetaTrader4 platform, up to 30:1 leverage, variable spreads on various tradable assets, and a choice of two different account types.

  Market Instruments

  Forex CFDs advertises that it mainly offers four different classes of trading instruments in financial markets, including forex, indices, commodities and bonds.

  Account Types

  There are two live trading accounts offered by Forex CFDs, apart from demo accounts, namely Advanced and Pro account. Opening a Advanced account requires the minimum deposit of A$100, while the Pro account with the minimum initial capital requirement of A$10,000.

Account

  Leverage

  The maximum leverage ratio offered by Forex CFDs is up to 30:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

  Spreads & Commissions

  Forex CFDs provides its clients with variable spreads that are affected by what type of accounts traders are holding. The spread in the Advanced account start from 1.4 pips, while the Pro account from 1.0 pips.

  Trading Platform Available

  When it comes to trading platforms available,Forex CFDs gives traders two choices: MetaTrader4 and MT4 Mobile. MT4 is known as one of the most successful, efficient, and competent forex trading software, featuring with a simple layout, live market prices, charts of the forex pairs, custom indicators and the terminal window allows for easy account management, expert advisors and more. While with MT4 Mobile, trading can be done from anywhere and at any time.

Trading

  Customer Support

  Forex CFDss customer support can be reached through telephone: 0282105225, email: clientservices@forexcfds.com.au or live chat. Company address: Level 36, Governor Phillip Tower, One Farrer Place, Sydney, NSW 2000.

Related broker

Unverified
ForexCFDS
Company name:Trade Nation Australia Pty Ltd
Score
1.56
Website:http://www.forexcfds.com.au/
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.56

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