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TrueFX

WikiFX | 2023-07-18 15:24

Abstract:TrueFX is a forex broker that exclusively caters to institutional traders. They offer a subscription-based SaaS platform, providing a wide range of trading instruments to their institutional clients, including forex, cryptocurrencies, and metals. However, it is important to note that TrueFX is currently not regulated by any valid authority. Despite this, they offer customer support channels that allow users to enquire about their services by submitting a contact form on the official website. It is worth mentioning that TrueFX does not provide educational resources.

TrueFX Review Summary
Founded1998
Registered Country/RegionUnited States
RegulationNot Regulated
Market InstrumentsForex, Cryptocurrencies, Metals
Demo AccountNot Mentioned
Customer SupportFilling out consultation forms

TrueFX Information

TrueFX is a forex broker specializing in providing forex trading services to institutional traders. It offers two types of trading accounts, namely Professional and Institutional. But information on trading fees is not provided.

TrueFX Information

Pros and Cons

Pros Cons
  • Offers two account types
  • Lack of regulation
  • Limited information on trading fees

Is TrueFX Legit?

TrueFX is not regulated.

Is TrueFX Legit?

What Can I Trade on TrueFX?

TrueFX is a broker that focuses on currency and metals. the market instruments they offer include foreign exchange (FX), cryptocurrencies, and metals.

Tradable Instruments Supported
Forex✔
Metals✔
Cryptocurrency✔
Indices❌
Stocks❌
Shares❌
Options❌
What Can I Trade on TrueFX?

Account Type

TrueFX provides traders with two distinct types of trading accounts: professional and institutional, which are available at a monthly cost of $4,950 and $7,450 respectively.

CategoryProfessionalInstitutional
Price$4,950 per month$7,450 per month
Full Set of CurrenciesYesYes
CryptocurrenciesOptional extraOptional extra
Bid, OfferYesYes
3 Level Depth of Book PricingYesYes
Event Driven Stream via FIXYesYes
Internet ConnectivityYesYes
24x5.5 Operation and SupportYesYes
Low Latency X-Connect NY, LDN, TKYesYes
Account Type

LeverageBrokerDealerForex trading

Related broker

No Regulation
TrueFX
Company name:Integral Development Corp
Score
1.55
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.55

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