IEXS Information
IEXS is aregulated brokerage entity registered in Saint Vincent & the Grenadines while headquarters in Singapore and the UK. The broker provides trading services in Forex, Indices, Shares, Metals, Energy and Cryptos.
A demo account is available for practicing and 2 tiered live accounts suit clients with varying experience levels. Entry level of account opening is USD200, relatively higher than industry average. Spread is tight from 0.1 pips and investors can execute trades via the advanced MT4 platform.
Furthermore, the broker implements segregated funds and negative balance protection for funds safety.
Moreover, an assuring news is that the broker holds FSA (Financial Conduct Authority) and ASIC (Australia Securities & Investment Commission) licenses and is regulated by these authorities, to some extent gurantees industry standard compliance and customer protection.
Pros and Cons
Is IEXS Legit?
IEXS is dual regulated by FSA (Financial Conduct Authority) and ASIC (Australia Securities & Investment Commission), ensuring a level of legitimacy and credibility.
What Can I Trade on IEXS?
With IEXS, you can trade more than 300 market instruments, mainly in five asset classes: forex, commodities (metals, energy), indices, shares and cryptos.
Forex: Forex, or foreign exchange, is the global marketplace for trading national currencies against one another, facilitating international trade and investment. There are more than 63 pairs avaiable with this broker.
Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type. With IEXS, you can trade both precious metals like gold, silver, as well as energies such as oil products.
Indices: Indices are statistical measures that represent the performance of a specific group of assets, such as stocks or bonds, helping investors gauge market trends and economic health.
Stocks: Stocks represent ownership of certain big companies like Apple, Amazon, Tesla, etc. enabling traders to participate in their growth and profits.
Cryptos: Digital or virtual currency that uses cryptography for security and operates on decentralized networks, primarily based on blockchain technology. Popular choices include BTC, ETH, LTC, etc.
When dealing with investment, putting eggs in different baskets to scatter risks is a primary principle you should comply.
Account Type/Spread
IEXS offers demo accounts with $100,000 Virtual Capital for traders to familiarize themselves with the platform.
For live accounts, there are choices for STD account and DMA account.
- STD account: Requires a minimum deposit of $200 and spreads start from 1.7 pips in this account.
- DMA account: Suitable for veteran traders who can afford an entry point of USD 10000 and accept higher risks. This account has tighter spreads from 0.1 pips.
Leverage
Leverage, a trading tool that enables you to control larger positions with smaller capital, should always be used cautiously, with risk management indispensable for every investors.
With IEXS, leverage level is up to 1:800 in STD account and 1:400 in DMA account.
Trading Platform
IEXS provides the world-acclaimed MetaTrader 4 platform and a proprietary platform named “IEXS Trading App”.
MT4 platform is popular worldwide for its robust functions and intuitive interface. You can approach real-time market analysis, advanced charting tools and automatic trade execution. The app is accessible via web and can be downloaded from Windows terminal, iOS and Android devices.
The IEXS Trading App is developed by the broker itself and is available on both iOS and Android devices, allowing you to trade anywhere, any time you want.
Deposit and Withdrawal
IEXS accepts account funding via help2pay, UnionPay, AFRASIA and cryptos such as Bitcoin, Litecoin, Tether, etc. Each trader is entitled with a maximum single risk of USD 50,000 insurance for their trading accounts.
Bonus and Promotions
The broker currently issues promotion programs such as VIP Growth System, cash bonus on first deposit, trading bonuses etc. If you are interested in this, learn all details of each campaign with the broker before you participate.
2024-08-27 18:04
2024-07-23 19:09
