Devise FX Markets-Overview of Minimum Deposit, Leverage, Spreads

General Information

Registered in United Kingdom, Devise FX Markets is an online forex broker allegedly offering diversified range of more than 1,000 trading instruments, including Forex, Futures, Indices, Stocks, Cryptos, Shares, Metals, Energies through the advanced MT5 trading platform.

Is Devise FX Markets safe to trade with？

Devise FX Markets has let us down when it comes to enforcing rules and regulations. This broker has been confirmed to be outside of the purview of any regulatory bodies. In light of this lack of licensing, WikiFX has assigned it a regulatory status of “No License” and an overall quality rating of 1.12 out of 10.

Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money. Before making any choice, investors are advised to check out a forex brokers regulatory status on WikiFX.

Market Instruments

Devise FX Markets boasts that it provides easy access to 6 classes of popular and mainstream financial instruments, including Forex, Shares, Indices, Futures, Metals and Energies are all available through this brokerage platform.

Account Types

Devise FX Markets provides four trading accounts for both retail and professional traders: Standard, Platinum, Premier and Islamic accounts. The Standard account is suitable for all types of traders, especially novices and beginners, and it requires a minimum deposit of $200 to start trading, only with over 40 FX pairs, metals tradable. The Platinum and Premier accounts are ideal for professional traders and traders with large trade volumes, requiring much higher deposits, from $5,000 and $10,000, respectively.

The Islamic account is designed for Muslim traders only, and to open this types of accounts, traders need to fund at least $25,000 into the account, which is absurdly high.

Spreads & Commissions

Spreads and commissions are set in the end by trading accounts on the Devise FX Markets platform.

The Standard accounts offers a commission-free trading environment, accompanied by wide floating spreads from 4 pips. The Platinum and Premier accounts charge both spreads and commissions, a relatively narrow spreads plus low commissions. The spreads offered by the Platinum account start from 2 pips, with a commission of $3 per standard lot, and the spreads on the Premier account from 1 pip, with a commission of $2 per 1,00,000.

Leverage

When it comes to leverage, Devise FX Markets permits traders to use leverage of up to 1:1000, which is absurdly higher than the levels regarded appropriate by many regulators.

Don't assume that high leverage is always beneficial; it can magnify both your wins and your losses.

Trading Platform

Devise FX Markets provides the advanced MetaTrader 5 trading platform that can be accessed on any device, web, desktop, mobile app. It's easy to make MetaTrader 5 fit your needs.

Features like as comprehensive risk management, realtime market execution, and a wide range of charting tools and indicators are all a part of it.

You are able to put into action trading strategies of any level of complexity thanks to the robust MetaTrader 5 trading platform.

You have access to all of these trading tools: Market and pending orders, Instant Execution and trading from a chart, stop orders and trailing stop, a tick chart, and trading history.

Payment Methods

The minimum deposit to start investing with this broker is $100. Devise FX Markets accepts different payment methods, such as Local Banks, UPI, Debit/Credit Cards, PayTM, Bitcoin, Skrill, Neteller and Netbanking.

Concerning Withdarwal, the minimum withdrawal amount via Local Bank is $10 and $100 via Bitcoin, Skrill and Neteller. Processing time depends on various payment options.

Customer Support

Traders can reach out to Devise FX Markets about any questions or concerns they may have about their accounts or their trading through the following methods:

Telephone: +44 12536 70786

Email: support@devisefxmarkets.com

Registered Company Address: CityPoint, 1 Ropemaker St, London EC2Y 9HT, United Kingdom.

Or you can also follow this brokerage house on some social media platforms, such as Facebook, Twitter, Linkedin, and Youtube.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.