ContinueFX-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2024-11-15 18:30

摘要：ContinueFX is a forex and CFD broker, a trade brand owned by Continue Markets Limited, which claims to be registered in Saint Vincent and the Grenadines. There is zero evidence that Continue FX is an regulated broker, so it is unsafe to trade with this broker.

Note: ContinueFX's official website https://www.continuefx.com/ is currently inaccessible normally.

ContinueFXReview Summary
Founded	2017
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	No regulation
Market Instruments	Currency pairs, indices, commodities, cryptos
Demo Account	/
Leverage	Up to 1:200
Spread	Floating from 2.2 pips
Spread	Fixed from 3 pips
Trading Platform	MT5
Min Deposit	$100
Customer Support	Tel: +971561331987
Customer Support	Email: support@continuefx.com

ContinueFX is a forex and CFD broker, a trade brand owned by Continue Markets Limited, which claims to be registered in Saint Vincent and the Grenadines. There is zero evidence that Continue FX is an regulated broker, so it is unsafe to trade with this broker.

Pros and Cons

Pros	Cons
MT5 provided	Inaccessible website
	Lack of regulation
	No demo accounts
	Wide spreads
	No MT4

Is ContinueFX Legit?

ContinueFX is not regulated by the financial services regulatory authority in Saint Vincent and the Grenadines, which means that the company lacks regulation from its registration site.

What Can I Trade on ContinueFX?

Continue FX advertises that it can offer a wide range of financial products, including currency pairs, indices, commodities, as well as cryptos.

Tradable Instruments	Supported
Currency pairs	✔
Commodities	✔
Indices	✔
Cryptos	✔
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌
Mutual Funds	❌

Account Type

ContinueFX offers 3 types of accounts, including Classic Account, Standard Account, and Premium Account.

The entry level at ContinueFX is set at $100. We consider this to be fine. However, traders are still not advised to register real trading accounts here given the fact that ContinueFX is an unregulated broker.

Account Type	Min Deposit
Classic	$100
Standard	$2,500
Premium	$20,000

Leverage

The maximum leverage at ContinueFX is 1:200, which should satisfy most traders. If you want to utilize even higher levels of gearing, you are probably too aggressive of a trader. This can lead to massive losses, especially if you have little experience in the market.

Spread

ContinueFX offers a choice between fixed and variable spreads, according to their website. The costs of trading start from 3 and 2.2 pips respectively. These levels are both not that competitive in todays environment.

Trading Platform

The platform provided by ContinueFX is MetaTrader5 (MT5). This is the successor of the most popular industry solution MetaTrader4 and only builds upon its glory. Charting is still on the same top-tier level, with additional functionality, such as having the high-impact economic releases plotted on the chart.

Additionally, there is a new iteration of the MQL marketplace, where traders can obtain custom tools, such as new technical indicators and automated trading systems. That being said, the old ones are not compatible with the new platform.

Trading Platform	Supported	Available Devices	Suitable for
MT4	❌	/	Beginners
MT5	✔	Web, desktop, mobile	Experienced traders

Deposit and Withdrawal

ContinueFX accepts payments via Credit Cards, Skrill, Nereller, China Union Pay, and CashU. However, other detailed information, such as the processing time and fees, is not clear.

Broker