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Score
Brazil
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Score
Regulatory Index0.00
Business Index7.20
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
Note: SSFX's official website: https://www.ssfxlimited.com is currently inaccessible normally.
SSFXReview Summary | |
Founded | 2017/6/12 |
Registered Country/Region | Saint Vincent and the Grenadines |
Regulation | Not regulated |
Market Instruments | Forex, Metals, CFDs |
Demo Account | ✅ |
Leverage | Up to 1:200 |
Spread | From 1.0 pips |
Trading Platform | MT4 |
Min Deposit | $10 |
Customer Support | Email: support@ssfxlimited.com |
Social media: Twitter and Facebook |
SSFX Limited is an offshore broker offering forex, metals, and CFDs. It also provides the most popular trading platform - MT4. Besides, the minimum deposit of $10 is very attractive. However, it is not supervised by financial authorities.
Pros | Cons |
Popular trading platform MT4 | Limited trading assets |
Low minimum deposit $10 | Not regulated |
High leverage up to 1:200 | Lack of transparency |
Demo accounts offered |
SSFX was registered by SSFX Limited in Saint Vincent and the Grenadines in 2017. SSFX claims it was regulated. However, the Financial Services Authority of St. Vincent and the Grenadines does not supervise forex brokers and CFDs. Traders should be cautious when trading.
Tradable Instruments | Supported |
Forex | ✔ |
Metals | ✔ |
CFDs | ✔ |
Stocks | ❌ |
Options | ❌ |
ETFs | ❌ |
SSFX offers three account types: Islamic Standard, ECN Standard and Pro.
Account Types | Minimum Deposit | Minimum Lot Size |
Islamic Standard | $10 | 0.01 per point |
ECN Standard | $200 | |
Pro | $10000 |
The maximum leverage of SSFX's Islamic Standard account is 1:1000, and other accounts are 1:200. Leveraging can increase returns, but it also raises the risk of losing more than you invested.
When we tried out SSFX's platform in demo mode, we found the broker's spreads floating around 0.7 pips on EUR/USD with no commission fees.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Windows and iOS | Beginners |
SSFX can deposit and withdraw through Bank Transfer, Credit Card, Skrill and Neteller. The minimum deposit of SSFX is $10. SSFX Limited has a withdrawal fee for all clients. For Indonesia, Thailand, Vietnam, and Malaysia, the fee is 1.5% plus the conversion. But when it comes to the deposit, it is free. Moreover, the processing time is not mentioned.
Contact Options | Details |
Phone | ❌ |
support@ssfxlimited.com | |
Support Ticket System | ❌ |
Online Chat | ✅ |
Social Media | ❌ |
Supported Language | ❌ |
Website Language | ❌ |
Physical Address | Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines |
In conclusion, traders should be cautious when coming across SSFX. SSFX offers a few trading assets and lacks regulation. Besides, customer support methods are limited so that problems can't be solved in time. Moreover, it doesn't mention its fees.
Is SSFX safe?
No, it doesn't have a regulation.
Is SSFX good for day trading?
No. SSFX shows no information about its fees
What kind of trading platform does SSFX offer?
MT4.
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