Astro FX-Overview of Minimum Deposit, Spreads & Leverage
Abstract：AstroFX claims to be located in UK, with its corporation information not disclosed to all. AstroFX does not fall under any regulatory agency, please be aware of the risk.
| Registered Country | United Kingdom |
| Regulation | No regulation |
| Minimum Deposit | $500 |
| Maximum Leverage | 1:1000 |
| Trading Platform | Web-based trading platform |
| Demo Account | Not available |
| Trading assets | Currency Pairs, Indices, Stocks, Commodities |
| Payment Methods | Bitcoin |
| Customer support | Telephone: +447937043057 |
General Information & Regulation
AstroFX claims to be located in UK, with its corporation information not disclosed to all. AstroFX does not fall under any regulatory agency, please be aware of the risk.
Markets Instruments
Tradable financial instruments available on the AstroFX platform include forex currency pairs, indices, stocks, as well as commodities.
Minimum Deposit
ASTRO FX requires traders to deposit at least $500 to register a real trading account, which sounds unreasonable for an unregulated broker. Keep in mind that most legit broker only requires a minimum initial deposit as low as $100 or even less.
Trade Size
The minimum trade size allowed by ASTRO FX is 0.01 lot.
Leverage
ASTRO FX offers the leverage up to 1:1000, absurdly high. Since leverage can amplify returns and potential risks, trading with an unregulated broker offering high leverage is not a good option.
Spreads & Commissions
ASTRO FX advertises that it offers low spreads for its traders, but it does not specify detailed spreads on particular instruments.
Trading Platform Available
AstroFX has one of the poorest trading platforms ever. We cant even call it a trading terminal, for the charts are taken from a third party chart provider that follows market trends, meaning that AstroFX has not actual trading terms. The terminal in itself reminds us of an early 2000s attempt at a platform; not even novice uses will be tricked by this.
Deposit & Withdrawal
The way to deposit is via bitcoin, which is the most preffered method for depositing used by scammer brokers because btc is untraceable. However, once we proceeded with the payment method, the dashboard reveaeld that users can actually deposit with, on top of the bitcoin methods, Wire Transfer, Credit Card, Western Union, Money Gram, Perfect Money. Withdrawals on the ther hand, can be requested via Skrill, Visa, Master Card, Wire Transfer, Okpay, Bitcoin, Mercago Pago. Visa and Master card deposit and withdrawals are charged with 5%. There are no talks of other fees anywhere on the site.
Customer Support
Undoubtedly, ASTRO FX offers poor customer support, and they can be only reached through a telephone number given.
Clients who have any inquiry can callg this broker at+ 447937043057.
Pros & Cons
| Pros | Cons |
| Wide selection of trading assets | No regulation |
| Generous leverage up to 1:500 | High minimum deposit requirements |
| Unfavorable payment conditions | |
| Poor customer support | |
| Inaccessible official website | |
| Weak trading platform |
Frequently Asked Questions
What payment methods does AstroFX support？
AstroFX only supports its clients to make a payment through Bitcoin.
What trading leverage does Astro FX offers？
Astro FX enables its clients to use the maximum trading leverage up to 1:1000.
What is the minimum deposit required by Astro FX？
The minimum deposit required by Astro FX is up to 1:500.
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