XPOFX-Overview of Minimum Deposit, Spreads & Leverage

XPOFX | 2024-12-09 10:55

Zusammenfassung：Founded in 2015, XPOFX is an unregulated broker registered in Cyprus, offering trading on 20 currency pairs and precious metals with leverage up to 1:100 and spread from 4 pips on the Standard account via the MT4 and MT5 trading platforms. However, risk-free demo accounts are not available and the minimum deposit requirement to open a live account is as high as $500.

Note: XPOFX's official website: https://www.xpofx.com is currently inaccessible normally.

XPOFXReview Summary
Founded	2015
Registered Country/Region	Cyprus
Regulation	No regulation
Market Instruments	20 currency pairs, precious metals
Demo Account	❌
Leverage	Up to 1:100
EUR/USD Spread	From 4 pips (Standard account)
Trading Platform	MT4/MT5
Min Deposit	$500
Customer Support	Tel: +971 43552209
	Email: support@xpofx.com
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XPOFX Information

Founded in 2015, XPOFX is an unregulated broker registered in Cyprus, offering trading on 20 currency pairs and precious metals with leverage up to 1:100 and spread from 4 pips on the Standard account via the MT4 and MT5 trading platforms. However, risk-free demo accounts are not available and the minimum deposit requirement to open a live account is as high as $500.

Pros and Cons

Pros	Cons
MT4/MT5 platform	Inaccessible website
Popular payment options	No regulation
	Limited tradable asset classes
	No demo accounts
	Wide spreads
	High minimum deposit requirement

Is XPOFX Legit?

No. XPOFX currently has no valid regulations. Please be aware of the risk!

What Can I Trade on XPOFX?

Investors can trade over 20 currency pairs, as well as some precious metals products. XPOfx offers a slightly smaller variety of trading assets than most other brokers.

Tradable Instruments	Supported
Currency pairs	✔
Precious metals	✔
Indices	❌
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Here are four account types XPOFX offers:

Account Type	Min Deposit
Standard	$500
Gold	$1,000
Platinum	$5,000
Classic	$10,000

Leverage

The maximum leverage level offered by XPOFX is up to 1:100, in terms of forex major pairs trading. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spread

Spreads vary depending on various trading accounts. The Spread on EURUSD pair starts at 4 pips for the Standard accounts, 3 pips for the Gold account, 2 pips for the Platinum account, and 1 pip for Classic account, apparently much higher industry standard (1.5 pips).

Account Type	Spread
Standard	From 4 pips
Gold	From 3 pips
Platinum	From 2 pips
Classic	From 1 pip

Trading Platform

Like most traders, XPOFX offers traders the most popular MT4 trading platform on the market today, as well as the latest generation of MT4 - the MT5 trading platform. MT4 is highly respected by most traders around the world for its unparalleled charting package, a vast array of technical indicators, EA's and a large number of backtesting options.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	PC	Beginners
MT5	✔	PC	Experienced traders

Deposit and Withdrawal

The broker accepts payments via wire transfer, VISA, MasterCard credit cards, and e-wallets like Skrill, Neteller, Perfect Money, etc.XPOfx takes 1 day to process withdrawal requests.