Peaksight Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-11 16:24

Abstract：Peaksight Ltd., incorporated in 2022 and authorised by CySEC, offers Forex, commodities, indices, and stocks CFDs. Retail and professional accounts have variable leverage and easy WebTrader access.

Peaksight Review Summary
Founded	2022
Registered Country/Region	Cyprus
Regulation	Cyprus Securities and Exchange Commission (CySEC), License No. 440/23, Straight Through Processing (STP) License
Market Instruments	Forex, Commodities, Crypto, CFDs, Indices, Stocks (no ETFs)
Demo Account	/
Leverage	Up to 1:30 (retail), Up to 1:400 (professional)
Spread	/
Trading Platform	Peaksight WebTrader (supports Desktop, Tablet, Mobile)
Min Deposit	/
Customer Support	Email: info@peaksightltd.com

Peaksight Information

　　Peaksight Ltd., incorporated in 2022 and authorised by CySEC, offers Forex, commodities, indices, and stocks CFDs. Retail and professional accounts have variable leverage and easy WebTrader access.

Pros and Cons

Pros	Cons
Regulated by CySEC	Incomplete details on spreads
No deposit fees	Withdrawal fees on wire transfers
	Inactivity fees after 3 months

Is Peaksight Legit?

　　Subject to Cyprus Securities and Exchange Commission (CySEC) rules, Peaksight Ltd. holds a “Straight Through Processing (STP)” licence. The licence number is 440/23; it will expire on December 11, 2023.

What Can I Trade on Peaksight?

　　Peaksight's 160+ CFDs on many asset types let clients diversify. Popular indices, FX pairs, commodities, cryptocurrencies, and top worldwide corporate equities are among the available CFDs.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Crypto	✔
CFD	✔
Indices	✔
Stock	✔
ETF	❌

Account Types

　　Peak Sight offers retail and professional classic, silver, gold, and VIP live accounts.

　　Professional accounts use 1:400; retail accounts use 1:30. All of the accounts have access to all assets, free assistance, a 100% margin call, and a minimum trading volume of 0.01.

　　The stop-out rate of professional accounts is 20%; that of retail accounts is 50%.

Leverage

　　Peaksight allows retail and professional leverage up to 1:30 and 1:400, respectively. Higher leverage lets traders hold larger positions with less capital, potentially increasing gains. Leverage can improve returns but also risk, so traders should use it carefully.

Peaksight Fees

　　Peaksight charges no commission on trades and offers low spreads starting from 0.03 pips.

Non-Trading Fees

Non-trading Fees
Deposit Fee	No deposit fees
Withdrawal Fee	No fees for card and e-wallet withdrawals; $30 for wire transfers
Inactivity Fee	€30/$30/£30 per month after 3 months of inactivity

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for what kind of traders
Peaksight WebTrader	✔	Desktop, Tablet, Mobile	Traders who prefer a user-friendly interface with flexibility for mobile and desktop access

Deposit and Withdrawal

　　Deposits are free at Peaksight, making account funding affordable. Withdrawals may involve $30, €30, or £30 wire transfer fees. Card withdrawals demand 10 EUR/USD/GBP, but e-wallet withdrawals do not.

Method	Deposit Fee	Withdrawal Fee	Minimum Withdrawal Amount	Processing Time
Credit Card	0%	0%	10 EUR/USD/GBP	5-7 working days
Debit Card	0%	0%	10 EUR/USD/GBP	5-7 working days
Prepaid Card	0%	0%	10 EUR/USD/GBP	5-7 working days
Skrill	0%	0%	No minimum, must cover fee	Varies, typically faster
Wire Transfer	0%	$30/€30/£30	100 EUR/USD/GBP	3-5 working days, up to 10 days in some cases