XFINANCES Spreads, leverage, minimum deposit Revealed

XFINANCES Information

　　XFINANCES is the trading name of FINEX GROUP LTD, a UK registered Forex broker that offers clients a wide range of tradable financial instruments with leverage up to 1:500 and a floating spread of 1.6 points on MT4 and web-based trading platforms through four different real account types.

Pros and Cons

Is XFINANCES Legit?

　　XFINANCESis unregulated right now.

What Can I Trade on XFINANCESr?

　　XFINANCE offers traders services to trade Forex, Stocks, Commodities, Indices and Cryptocurrencies.

Account Types

　　XFINANCES offers 4 types of trading accounts, Professional, Micro and Gold, EUR or USD, based on two currencies USD and EUR.

Leverage

　　The default leverage provided by XFINANCES is 1:100, but you can request that it be changed to 1:500 on the client side.

XFINANCES Fees

　　The EUR/USD spread for XFINANCES is around 1.6-1.9 points

Trading Platform

　　MetaTrader4 is a popular one chosen by XFINANCES to serve clients.

Deposit and Withdrawal

　　XFINANCES only offers credit/debit cards, bank transfers, e-wallets, such as Skrill and Neteller, and a digital currency platform Uphold as payment methods.

　　The deposit and withdrawal fees are a little high. Credit/debit card deposits are 3.75% + $0.50, Neteller 3-3.5%, Skrill 2.5%, and stand at $15. Withdrawal fees are $10 for credit cards, $15 for bank cards, €35 for European SEPA bank transfers and €50 for Global SWIFT.