MarcoFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-16 14:19

Abstract：MarcoFX is a broker. The tradable instruments include 28 forex pairs, 2 metals, 3 US indexes, and oil. The broker also provides demo accounts and the MT4 platform with a maximum leverage of 1:400 and a minimum deposit of $10. MarcoFX is still risky due to its unregulated status and bad reviews about difficulty withdrawing money and scams.

MarcoFXReview Summary
Founded	2017-05-18
Registered Country/Region	Indonesia
Regulation	Unregulated
Market Instruments	Forex, Metals, Indexes, and Oil
Demo Account	✅
Leverage	Up to 1:400
Spread	/
Trading Platform	MT4(PC, Desktop, and Mobile)
Min Deposit	$10
Customer Support	Tel: +60 183-179-880
	Email: info@marcofx.com
	Live Chat

MarcoFX Information

　　MarcoFX is a broker. The tradable instruments include 28 forex pairs, 2 metals, 3 US indexes, and oil. The broker also provides demo accounts and the MT4 platform with a maximum leverage of 1:400 and a minimum deposit of $10. MarcoFX is still risky due to its unregulated status and bad reviews about difficulty withdrawing money and scams.

Pros and Cons

Pros	Cons
Various trading instruments	Unregulated
Leverage up to 1:400	Island accounts unavailable
MT4 available	Unspecific fees information
Demo account available

Is MarcoFX Legit?

　　MarcoFX is not regulated, making it less safe than regulated brokers.

What Can I Trade on MarcoFX?

　　MarcoFX offers a wide range of market instruments, including 7 major forex pairs, 21 cross forex pairs, Gold, silver, and oil & 3 US-based indexes.

Tradable Instruments	Supported
Forex	✔
Indexes	✔
Gold & Silver	✔

Account Type

　　MarcoFX provides live accounts and the demo accounts are predominantly used for familiarizing traders with the trading platform and for educational purposes only.

Leverage

　　The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.

Trading Platform

　　MarcoFX cooperates with the authoritative MT4 trading platform available on PC, Desktop, and Mobile to trade. Junior traders prefer MT4 over MT5. MT4 not only provides various trading strategies but also implements EA systems.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	PC, Desktop, and Mobile	Junior traders

Deposit and Withdrawal

　　The minimum deposit is $10. Withdrawal requests are accepted daily from 01:00 to 12:59 (GMT +7) and will be processed on the same day, otherwise, they will be processed on the next business day.