TRFX Spreads, leverage, minimum deposit Revealed

　　Note: TRFX' official website: https://trfxgroup.com is currently inaccessible normally.

　　TRFX, founded in 2023 and based in the United Kingdom, is an unregulated broker that offers three live account types with varying spreads and commissions, starting with a minimum deposit of $100. But it has been reported that it has limited access to its website and only email as a contact method for customer support. Whats more, it has no regulation.

Pros and Cons

Is TRFX Legit?

　　TRFX is not a legit broker. First, it is not regulated by any institution like FCA. Second, recently, their traders have no access to the official website. These two factors rise the doubt of its credibility.

Account Type

　　TRFX offers three live accounts: the Premium, Special, and Normal accounts. These accounts offers the minimum deposit of $500, $200 and $100 respectively.

Leverage

　　TRFX offers the maximum leverage of 1:400 for the three accounts. But only a little further down on the main page levels up to 1:500 are stated.

TRFX Fees

　　TRFX offers different pricing structures for its account types: the Premium account features spreads starting from 0.0 pips and a commission of $4, while the Special account offers spreads from 0.8 pips with no commissions. The Normal account has spreads starting at 1.4 pips and also does not charge any commissions.

Trading Platform

　　TRFX advertises that it provides MT5 (MetaTrader 5) trading platform. Users can download an installation file named “trfxlimited5setup” from the website. However, this file appears to be a standard, unmodified version of MT5, identical to the one available directly from MetaQuotes, the software developer.

Customer Service

　　TRFX only accepts email to contact them.

The Bottom Line

　　TRFX offers a range of live accounts with different trading conditions. However, the absence of regulatory oversight and recent accessibility issues with its website raise significant concerns about its legitimacy and reliability.

FAQs

　　Is TRFX good for day trading?

　　No.

　　Is it safe to trade with TRFX?

　　No, due to its regulated and nebulous trading environment.

　　What security measures does TRFX have in place to protect my funds and personal information?

　　No.