Forex Bullish-Overview of Minimum Deposit, Spreads & Leverage

General Information

Forex Bullish is allegedly a broker based in the UK that provides its clients with an automated trading platform, leverage up to 1:500, variable spreads on rich tradable assets, as well as a choice of four different account types.

Market Instruments

Forex Bullish advertises that it offers an extensive range of trading instruments in financial markets, including forex, CFDs, stocks, cryptocurrencies, metals, indices, commodities, futures, shares, energies and bonds.

Account Types

There are four live trading accounts offered by Forex Bullish, namely Classic, Standard, Premium and VIP. Opening a Classic account requires the minimum initial deposit amount of $100, while the other three account types with the much higher minimum initial capital requirements of $1,000, $2,500 and $5,000 respectively.

Leverage

The maximum leverage ratio provided by Forex Bullish is much higher than most brokers, up to 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

Spreads are influenced by what type of accounts traders are holding. Forex Bullish reveals that the minimum spread in the Classic account is 1.9 pips, while the Standard account is 1.5 pips, the Premium account is 1.2 pips and the VIP account is 0.6 pips.

Trading Platform Available

When it comes to trading platforms available, instead of the worlds most widely-used MetaTrader4 and MetaTrader5 platforms, Forex Bullish gives traders a trading software for automated trading. MT4 and MT5 are both packed with advanced tools such as Expert Advisors, many complex indicators, sophisticated charting tools and a marketplace featuring more than 10,000 apps.

Deposit & Withdrawal

Forex Bullish accepts a wide selection of deposit and withdrawal methods including Bitcoin, Neteller, Skrill, PayPal, MasterCard, VISA, American Express, Discover Network, Western Union and MoneyGram. The minimum deposit amount is $100. As for the processing time of deposit and withdrawal requests, they usually can be processed between instantly to 2 hours or 2 business days.

Fees

Forex Bullish also takes an inactivity fee. If your trading account has been inactive for more than 3 months, it becomes dormant and will be charged an inactivity fee of $99.90 monthly.

Customer Support

Forex Bullish‘s customer support can be reached through telephone: 16282146581, email: support@fx-bullish.com. However, this broker doesn’t disclose other more direct contact information like company address while most brokers offer.