GIFX PRIME Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-07-18 18:18

Abstract：Established in 2013, GIFX Prime is a forex broker owned and operated by GIFX Prime Investment Limited a brokerage firm registered in Saint Vincent and the Grenadines, offering its clients more than 100 trading instruments, three trading accounts to choose from, access to advanced MT5 trading platform, as well as 7x 24 customer support.

　　General Information

　　Established in 2013, GIFX Prime is a forex broker owned and operated by GIFX Prime Investment Limited a brokerage firm registered in Saint Vincent and the Grenadines, offering its clients more than 100 trading instruments, three trading accounts to choose from, access to advanced MT5 trading platform, as well as 7x 24 customer support.

　　Market Instruments

　　GIFX Prime offers its clients access to a bulk of more than 100 trading instruments. Different type of trading assets including currency pairs, stocks, commodities, as well as cryptocurrencies.

　　Account Types

　　Three trading accounts are offered for traders with different trading experience and levels: Mini, Classic and Premium. To open a Mini account, you just need to fund $100 into your account, while the initial deposit for Classic and Premium accounts soared to $1000 and $5,000. Mini accounts are designed for beginners or inexperienced traders who are not prepared to invest too much capital and Premium accounts are more suitable for professional traders who pursue lower trading costs.

　　How to open an account with GIFX Prime？

　　Opening an account with GIFX Prime is a hassle-free process. A few straightforward steps are listed below:

　　1. Click “Open a Live Account” on the homepage of GIFX Prime;

　　2. The following page pops up, filling out some required details, including valid email address, password;

　　3. After registration, fund your account and begin to trade with this brokerage house.

　　Leverage

　　Trading leverage depends on particular instruments you are trading. the maximum trading leverage for forex trading is super high, reaching up to 1:1000. Stock traders can enjoy the leverage up to 1:20, and indices traders can use the leverage up to 1:200. The maximum leverage for commodities trading is 1:67, and for Cryptocurrency trading is 1:10.

　　Spreads & Commissions

　　GIFX Prime offers a zero-commission trading environment, with spreads varies depending on trading accounts you are holding. With Mini accounts, you can get spreads from 1.2 pips, which seems average. Classic Accounts offers spreads from 1 pips, and Premium account holders can enjoy spreads as low as 0.8 pips.

　　Trading Platform

　　When it comes to trading platform available, GIFX Prime offers its clients access to the leading MT5 trading platform, which can be accessed on any devices. Powerful charting capabilities, multiple technical indicators and intraday analysis tools, and Expert Advisors are available through the MT5 trading platform.

　　Trading Tools

　　Aside from trading platforms, there are some trading tools offered to help you smooth your trading process, including Calculators, Economic Calendar, and indicators.

　　Deposit & Withdrawal

　　The minimum deposit amount varies depending on different payment options, including Bank Wire, VISA/MasterCard, WebMoney, Neteller, Skrill.

　　Bank Wire: Minimum deposit at $250, withdrawal at $300, accepting currencies in USD, EUR, KWD, AED, SAR, RMB, up to one working days to process, no fees applied.

　　VISA/MasterCard: Minimum deposit and withdrawal at $20, accepting currencies in USD, EUR, KWD, AED, RUB, no fees applied.

　　WebMoney: Minimum deposit at $20, withdrawal at $300, accepting currencies in USD, EUR, KWD, AED, RUB, no fees applied.

　　Neteller: Minimum deposit and withdrawal at $20, accepting currencies in USD, EUR, up to 1 hour to process, no fees applied.

　　Skrill: Minimum deposit and withdrawal at $20, accepting currencies in USD, EUR, up to 1 hour to process, no fees charged.