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Score
Vietnam
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
Score
Regulatory Index0.00
Business Index7.21
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
General Information & Regulation
Officially opened in 2018, 66EFX is Vietnam-based Forex and option Service Provider to clients wishing to invest in trading Forex and Options Markets. 66EFX is owned and operated by Dragon Financials Ltd, a company not falling under any regulatory agency.
Markets Instruments
At 66EFX, 66EFX offers trading in Forex currency pairs, gold, silver, crude oil, Bitcoin.
Minimum Deposit
The Mini account requires a deposit of $500, which is a higher minimum than most other brokerages.
Leverage
The maximum trading leverage offered by 66EFX is up to 1:100. Leverage can amplify returns as well as losses, investing in such an unregulated broker is not a good option.
Spreads & Commissions
The spreads on some major currency pairs is quite wide, with EUR/USD spread starting from 5 pips, which makes trading on this platform quite expensive.
Trading Platform Available
In terms of trading platform available, 66EFX does not make this part clear.
Deposit& Withdrawal
Deposit/withdrawal at 66efx is possible through some popular remittance methods:
Bank transfer (direct and internet banking, mobile banking)
Payment via e-wallet (nganluong.vn)
Withdrawing money usually takes from 24 hours to 48 hours for the money to return to your account.
Customer Support
66efx has Vietnamese language support, which is very helpful for investors in fighting language disagreements. Customer care full time: 24/7.
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