Forexiw Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-09 10:49

Abstract：Forexiw is a regulated online CFD broker, launched in February 2024, that provides users with the easy-to-use MT5 trading platform for trading such financial instruments as forex, commodities, and stocks with leverage up to 1:2000 and spread from 0.0 pips. Demo accounts are available and the minimum deposit requirement to open a live account is just $5.

ForexiwReview Summary
Founded	2024
Registered Country/Region	Comoros
Regulation	AOFA (Offshore Regulated)
Market Instruments	Stocks, Indices, Futures, Forex, Commodities
Demo Account	✅
Leverage	Up to 1:2000
Spread	From 1 pip (Standard account)
Trading Platform	MetaTrader 5/Web Platform
Min Deposit	$5
Customer Support	24/7 support
	Tel: +1 (213) 459-0003
	Email: Info@Forexiw.com
	Facebook, Instagram, Twitter, YouTube, etc
	Address: 1652, Tamani Arts OfficeBusiness Bay, Dubai, UAE

　　Forexiw is a regulated online CFD broker, launched in February 2024, that provides users with the easy-to-use MT5 trading platform for trading such financial instruments as forex, commodities, and stocks with leverage up to 1:2000 and spread from 0.0 pips. Demo accounts are available and the minimum deposit requirement to open a live account is just $5.

Pros and Cons

Pros	Cons
Diverse market instruments	New to the market
Demo accounts	Offshore regulation
Multiple account types	Only crypto payment options
Flexible leverage ratios
Commission-free account offered
Support MT5
Low minimum deposit
24/7 support

Is Forexiw Legit?

　　Forexiw is regulated by AOFA with the license number L15653/FM. However, its current status is offshore regulated.

Regulated Country	Regulated Authority	Current Status	Regulated Entity	License Type	License Number
	Anjouan Offshore Finance Authority (AOFA)	Offshore Regulated	Forexiw Markets Ltd	Retail Forex License	L15653/FM

What Can I Trade on Forexiw?

Tradable Instruments	Supported
Stocks	✔
Indices	✔
Futures	✔
Forex	✔
Commodities	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Cent	Standard	ECN	Pro ECN
Min Deposit	$5	$50	$100	$5000
Min Lot	0.0001	0.01	0.01	0.01
Stop out	50%	50%	40%	30%
Instruments	30	30	102	230
Demo	×	√	√	√

Leverage

　　Forexiw offers flexible leverage up to 1:2000, which can potentially bring high returns, but it also comes with high risks.

Account Type	Max Leverage
Cent	1:2000
Standard	1:500
ECN	1:500
Pro ECN	1:300

Forexiw Fees

Account Type	Spread	Commission
Cent	From 1 pip	¢5 per lot
Standard	From 1 pip	❌
ECN	From 0.0 pips	$5 per lot
Pro ECN	From 0.0 pips	$3.5 per lot

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
WebTrader	✔	Web	/
MT5	✔	/	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

Payment Options	Min Deposit/Withdrawal	Fees	Deposit Time	Withdrawal Time
TRC20	15 USDT	/	Immediately	Within 3 minutes
ERC20	30 USDT	/	Immediately	Within 3 minutes