SiiFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-15 18:33

Abstract：SiiFX operates as an unregulated UK-based forex broker. Its market instruments cover Forex, Commodities, Indices, Stocks, Cryptocurrency, and Metals. It claims to offer traders with the popular MT4, five types of accounts and leverage up to 1:500.

　　Note: SiiFX's official website: https://www.siifx.com is currently inaccessible normal.

SiiFXReview Summary
Founded	2023
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex, Commodities, Indices, Stocks, Cryptocurrency, Metals
Demo Account	/
Leverage	Up to 1:500
Spread	From 1 pip
Trading Platform	MT4
Min Deposit	$10
Customer Support	Phone: +44-2033186836
	Email: +44-2033186836
	Social Media: Twitter

　　SiiFX operates as an unregulated UK-based forex broker. Its market instruments cover Forex, Commodities, Indices, Stocks, Cryptocurrency, and Metals. It claims to offer traders with the popular MT4, five types of accounts and leverage up to 1:500.

Pros & Cons

Pros	Cons
Richness of trading assets	Unregulated
Various account types	Unfunctional website
MT4 supported	High spreads and non-transparent fees
Low minimum deposit	High minimum deposit requirement
Multiple payment options

Is SiiFX Legit?

　　The primary criterion for the safety of a forex brokerage platform is whether it is formally regulated. SiiFX is currently an unregulated broker, which means that investors' funds cannot be compensated and protected in the event that the broker illegally misappropriates customer funds or faces bankruptcy.

What Can I Trade on SiiFX?

　　SiiFX offers investors access to over 30 currency pairs, as well as a wide range of CFD products in commodities, gold, silver, stocks, indices, and bitcoin.

Trading Asset	Available
forex	✔
metals	✔
commodities	✔
indices	✔
stocks	✔
cryptocurrencies	✔
bonds	❌
options	❌
ETFs	❌

Account Type/Leverage/Fees

　　Five types of trading accounts are available on SiiFX.

Trading Account	Min Deposit	MaxLeverage	Spread	Commission
Standard	$10	1:500	2.5 pips	❌
TraderPro	$5,000	1:500	1.5 pips	❌
Gold	$10,000	1:100	1 pip	❌
VIP	$20,000	1:100	/	✔
VVIP	$50,000	1:100	/	✔

Trading Platform

　　SiiFX offers traders the remarkable MT4 trading platform, the most popular forex trading platform on the market today, chosen by 80% of traders worldwide. With powerful charting tools, nearly 100 definable market indicators, support for EA, and automated trading, the MT4 trading platform is a winning formula for traders to get ahead in the financial markets.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Desktop, Mobile, Web	Beginner
MT5	❌	Desktop, Mobile, Web	Experienced traders

Deposit and Withdrawal

　　On SiiFX, you can pay with all major credit and debit cards like VISA and MasteCard, bank wire and various e-wallets including Neteller, Skrill, Payza, MegaTransfer, and UnionPay, which is especially popular in China. In addition, e-wallets and bitcoins are also accepted.