CompaqFX Information Revealed

Note: CompaqFX's official website: https://compaqfx.com/ is currently inaccessible normally.

CompaqFX is an unregulated broker based in the United Kingdom that supports you to trade five types of market instruments with a minimum deposit of $100 through MT5.

Pros and Cons

Is CompaqFX Legit?

CompaqFX operates without a legal regulatory license, so you are advised to choose a legally regulated broker and avoid such unregulated broker.

What Can I Trade on CompaqFX?

CompaqFX offers five types of trading instruments, including forex, commodities, indices, etc. and you can look for more details in the following table.

Account Type

CompaqFX offers two types of live accounts (cent account and standard account) and a demo account for you to practice in a risk-free environment.

Leverage

CompaqFX offers different leverage for its different trading accounts. For the Cent account maximum leverage is 1:300, while for the Standard account, it is 1:500. However, high leverage means high risk, and you must be cautious.

Trading Platform

CompaqFX offers the MT5 trading platform, a globally renowned platform in the industry. However, whether CompaqFX has obtained the legal permission to use MT5 remains unknown, since this broker holds no regulatory license.

Deposit and Withdrawal

CompaqFX offers a wide range of deposit and withdrawal methods, including bank wire, credit card, debit card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, and China UnionPay. There are no fees for bank wire or credit card deposits, but fees may apply for other deposit methods.