Currency.com-Overview of Minimum Deposit, Spreads & Leverage

General Information

Currency.com is advertised as a Britain forex broker since 2018, providing its customers with leverage up to 1:500, tight market spreads on 2000+ top-traded tokenised assets and cryptos, competitive commissions and no hidden fees.

Market Instruments

Currency.com advertises that it offers more than 2000 trading instruments, including tokenized shares, indices, commodities, currencies, bonds and good-old crypto assets, as well as the most popular financial instruments: forex currency pairs, commodities, indices, and ETFs.

Products

From the top menu options of currency.coms home page, we found that it offers a wide-range of products, consist of cryptoplatform, crypto wallet, exchange App, API documentation, corporate account and company tokens.

Leverage

Currency.com provides the maximum leverage up to 1:500. Attention that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

The spread is floating around 0.9 pips. However, our account was not verified and so this could only be a demo spread, although everything we have seen suggest this to be the actual spread. However, different deposit and withdrawal methods will be charged with different commissions. For Bank Transfer, the deposit commission is free while the withdrawal commission is 0.15% ( min $20; max $200). For MasterCard and VISA, the deposit commission is 3.5% while the withdrawal commission is 3% + $3.

Trading Platform Available

Instead of the industry standard Metatrader 4 and Metatrader 5,currency.com gives traders the sole choice of a web-based trading platform. It is equipped with the main features of many chart customizable tools, time frames, stop-loss, take-profit, and more, yet it does not have any available automated trading.

Deposit & Withdrawal

Currency.com accepts deposit or withdrawal via Bank Transfer, MasterCard and VISA. The minimum deposit amount is $50 for Bank Transfer and $20 for MasterCard and VISA, while the maximum deposit amount is unlimited for all methods. The minimum withdrawal is $50 for Bank Transfer and $10 for MasterCard and VISA. The withdrawal request is usually processed in 3 days.

Fees

Currency.com also requires some fees consist of trading fee, exchange fee, funding fees and etc. Note that fees may vary depending on the selected asset for the transaction. In terms of trading fee, BTC/USD, BTC/EUR, ETH/USD, ETH/EUR fee is 0.06%, other cryptos is 0.075%, tokenised assets (shares, ETFs, indices, commodities) and currencies are 0%. For exchange fee, cryptocurrency / cryptocurrency is 0.2%, cryptocurrency / tokenised currencies is 2%, tokenised assets (shares, ETFs, indices, commodities) is 0.05%, tokenised bonds is 0.03%, tokenised currencies is 0% , companies tokens is 0% (buy) and 1.5% (sell). While funding fees will apply to continuous leveraged trades held according to the market rate.

Customer Support

Currency.com‘s customer support can be reached through phone: +447418353584, email: support@currency.com. What’s more, you can also follow this broker on some social media platforms such as Facebook, Twitter, Instagram, Telegram, LinkedIn, YouTube and much more.