Abstract:HoldingFX is a Forex and CFD broker whose official website is only available in Vietnamese and English, indicating that the trading service is probably mainly for Vietnamese investors. HoldingFX is currently not subject to any effective regulation.
General Information & Regulation
HoldingFX is a Forex and CFD broker whose official website is only available in Vietnamese and English, indicating that the trading service is probably mainly for Vietnamese investors. HoldingFX is currently not subject to any effective regulation.
Market Instruments
Investors can trade Forex currency pairs, cryptocurrency CFD products, and binary options on the HoldingFX platform.
Minimum Deposit
HoldingFX offers investors only on Forex and CFD account with a minimum deposit of $100, a minimum trade lot size of 0.01.
HoldingFX Leverage
When it comes to trading leverage, the maximum trading leverage available for the forex instruments is up to 1:500, which is considered high. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
Spreads & Commissions
The average spread on HoldingFX's Forex and CFD accounts is 1.5 pips on the EURUSD pair, with no additional commissions for forex trading.
Trading Platforms
HoldingFX offers traders the world-renowned MT4 trading platform, as well as the MT4 desktop and mobile versions. MT4 is currently the most popular forex trading platform with unparalleled charting and an easy-to-learn programming environment for traders to create multiple new indicators and automated trading systems.
Deposit & Withdrawal
HoldingFX only supports traders to deposit and withdraw funds to and from their investment accounts via wire transfer.
HoldingFX Pros & Cons Include:
1. No Regulation
2. Less variety of assets to trade
3. Only one type of trading account
4. Deposits & withdrawals via transfer wire only