XFINANCES Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-11 18:26

Abstract：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.

XFINANCES Review Summary
Founded	2-5 years
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	Forex, Stocks, Commodities, Indices and Cryptocurrencies
Demo Account	Available
Leverage	1:500
Spread	1.6-1.9 pips
Trading Platform	MT4
Min Deposit	N/A
Customer Support	Phone: +448938906785
	Email: contact@xfinances.com
	Address：173 Latchmere Road, London, United Kingdom, SW112JZ

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

Pros	Cons
Demo accounts available	Unregulated Status
MT4 supported	Website inaccessible

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.

Tradable Instruments	Supported
Commodities	✔
Stocks	✔
Forex	✔
Crypto currencies	✔
Indices	✔
bonds	❌
Binary Options	❌
Mutual Funds	❌
Futures	❌

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.

Trading Platform	Supported	Available Devices	Suitable for
MetaTrader4	✔	Windows, MAC, IOS, Android	Investors of all experience levels

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.