SETFX-Overview of Minimum Deposit, Spreads & Leverage

Note: SETFX's official website - https://setfx.ae/ is currently inaccessible normally.

SETFX is registered in the United Arab Emirates and is not regulated. It offers four types of accounts, with a maximum leverage of 1:500 and spread from 2 pips. The minimum deposit is $100.

Pros and Cons

Is SETFX Legit?

No, SETFX is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

Account Type

Leverage

SETFX offers leverage up to 1:500, which can potentially bring high returns, but it also comes with high risks.

Spread

SETFX offers EUR/USD spread from 2 pips, which is higher than the industry average of 1.5 pips.