WeekendFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 11:11

Abstract：Founded in 2020, WeekendFX is a multi-asset broker registered in Belize, offering trading on forex, cryptocurrencies, indices and gold & silver with leverage up to 1:100 and floating spreads via the MT4 and MT5 platform. Demo accounts are available and the minimum deposit requirement to open a Standard account is as high as 1,000 USD. It claims to be regulated by FSC, but its current status is exceeded.

WeekendFX Review Summary
Founded	2020
Registered Country	Belize
Regulation	FSC (Exceeded)
Tradable Assets	Forex, cryptocurrencies, indices, gold & silver
Demo Account	✅
Leverage	100:1
Spread	Floating
Trading Platform	MT4, MT5
Min Deposit	1,000 USD
Customer Support	Contact form
	Email: customer@weekend-fx.com
	YouTube, Twitter, Instagram
	Office address: 19 Waterfront Dr, Tortola VG1110, British Virgin Islands
	Vailiou Vrionidi 6 office 501-2, Gala Court Chambers 5th floor, 3095 Limassol, Cyprus
Regional Restrictions	United States, Iran, Cuba, Sudan, Syria, and North Korea

WeekendFX Information

　　Founded in 2020, WeekendFX is a multi-asset broker registered in Belize, offering trading on forex, cryptocurrencies, indices and gold & silver with leverage up to 1:100 and floating spreads via the MT4 and MT5 platform. Demo accounts are available and the minimum deposit requirement to open a Standard account is as high as 1,000 USD. It claims to be regulated by FSC, but its current status is exceeded.

Pros and Cons

Pros	Cons
Various trading instruments	Exceeded FSC license
Security measures provided	Limited account types
Demo accounts	HIgh minimum deposit
No commissions on forex	No info on payment options
Popular MT4 and MT5 platforms with extensive features	Regional restrictions
Multiple contact channels

Is WeekendFX Legit?

　　Currently, WeekendFX only holds an exceeded FSC license.

Regulatory Agency	British Virgin Islands Financial Services Commission (FSC)
Regulatory Status	Exceeded
Regulated by	The Virgin Islands
Licensed Institution	Shogun Consultants Limited
Licensed Type	Common Business Registration
Licensed Number	9453

　　Besides, the broker claims to offer negative balance protection, segregated accounts, and has contracted with a leading Web Application Firewall (WAF) provider to protect their infrastructure and servers from web threats such as SQL injection and XSS attacks, blocking harmful traffic.

Market Instruments

Tradable Instruments	Supported
Forex	✔
Gold & silver	✔
Indices	✔
Cryptocurrencies	✔
Commodities	❌
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　WeekendFX keeps things simple with two account types: STANDARD and DEMO. Both offer the same leverage ratio of 100:1 and utilize floating spreads. The minimum deposit to open a STANDARD acccount is as high as 1,000 USD. The accepted currencies are USD and JPY.

Leverage

　　WeekendFX offers the maximum leverage available is 100:1 on forex trading. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

　　WeekendFX empowers traders with two industry-leading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	/	Beginners
MT5	✔	/	Experienced traders
cTrader	❌	/	/
TradingView	❌	/	/