SphereX-Overview of Minimum Deposit, Leverage, Spreads

Note: Since SphereXs official site (https://spherex.pro/) is unavailable while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

SphereX is allegedly a suspicious clone and unregulated forex broker registered in the United States that claims to provide its clients with some tradable assets with leverage up to 1:100. Unluckily, other more detailed information about this broker is not available on the Internet.

Market Instruments

Available market instruments at SphereX are said to be forex currency pairs, commodities, cryptocurrencies, and probably other instruments that have not been detailed.

Leverage

A leverage ratio of up to 1:100 is offered by SphereX, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Deposit & Withdrawal

SphereX says to work with accepts deposits via credit cards, Neteller and Skrill, as well as wire transfers and crypto wallets. However, without an account, we can not verify that. The minimum initial deposit requirement is set to be $500.

Customer Support

SphereX‘s customer support can be reached by email: support@spherex.pro. Company address: 4255 South Buckley Road #1088, Aurora, CO 80013, United States of America. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.