BRFX-Overview of Minimum Deposit, Leverage, Spreads

General Information

BRFX is allegedly a broker based in Saint Vincent and the Grenadines that provides its clients with flexible leverage up to 1:400, variable spreads, and a variety of tradable assets with four different account types and the worlds most popular MetaTrader5 trading platform.

Market Instruments

BRFX advertises that it mainly offers five different classes of trading instruments in financial markets, including currencies, commodities, stocks, indices and cryptocurrencies.

Account Types

There are four live trading accounts offered by BRFX, namely Standard, Silver, Gold and Platinum. Opening a Standard account requires the minimum initial deposit amount of $250, while the other three account types with the minimum initial capital requirements of $1,000, $25,000 and $100,000+ respectively.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard account can experience the leverage of 1:100, the Silver account can experience the leverage of up to 1:200, while the Gold account can enjoy the maximum leverage as high as 1:400. 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. BRFX reveals the clients on the Standard or Silver account can experience Standard spreads, while the Gold account with a minimum spread of 1.9 pips and the Platinum account with spreads from 1.5 pips.

Trading Platform Available

When it comes to trading platforms available,BRFX gives traders the worlds most widely-used MetaTrader5 platform, available for desktop, the web and mobile devices. MT5 is known as one of the most successful, efficient, and competent forex trading software. While with the MT5 mobile app, trading can be done from anywhere and at any time through the right mobile terminals.

Bonus & Fees

BRFX claims to offer a welcome bonus ranging from 30% to 100% to all clients who deposit more than $500. If clients want to withdraw potential profits from bonus funds, however, they have to trade 20 lots per $100 of the bonus. As for fees, if there has been no trading activity in the clients account, the broker will charge an inactivity fee of 25% of the deposit amount.

Customer Support

BRFXs customer support can be reached by telephone: +442037692091, email: support@brfxtrade.com. Besides, you can also follow this broker on some social media platforms like Facebook. Company address: Suite 305 Griffith corporate centre PO Box 1510 Beachmont Kingstown, St. Vincent and the Grenadines.