BalansFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-08-16 17:59

Abstract：Incorporated in 2018, BalansFX claims that it is a forex brokerage registered in the United Kingdom, offering its clients a series of forex and CFD trading services. this brokerage was established young, with an operating time of 2 to 5 years only. BalansFX does not have any regulatory licenses and thats the way its regulatory status on WikiFX is shown as “No License”. BalansFX got a very low score of 1.36/10 on WikiFX based on its Regulatory, License, Business, Software, and Risk Management Indexes.

　　Since BalansFXs official website (https://www.balansfx23.com/) is not accessible at the moment, we could only piece together this brokerage by gathering relevant information from some websites.

　　General Information

　　Incorporated in 2018, BalansFX claims that it is a forex brokerage registered in the United Kingdom, offering its clients a series of forex and CFD trading services. this brokerage was established young, with an operating time of 2 to 5 years only.

　　BalansFX does not have any regulatory licenses and thats the way its regulatory status on WikiFX is shown as “No License”. BalansFX got a very low score of 1.36/10 on WikiFX based on its Regulatory, License, Business, Software, and Risk Management Indexes.

　　Market Instruments

　　BalansFX advertises that it offers services in Forex Trading, Commodity Trading, Cryptocurrency Trading, Indices, and Stock Trading.

　　Account Types

　　Unlike many other forex brokers, BalansFX does not offer a few trading accounts for its clients to choose from, only a real account and a demo account are available. The minimum deposit to activate a real trading account is acceptable at $100. A demo account is an excellent tool for brokers to test this platforms trading environment and practice their trading skills without risking real money.

　　Leverage

　　The maximum trading leverage offered by BalansFX is up to 1:500, which is considered high. High leverage is typically preferred by professional traders and scalpers, as it presents more trading flexibility. However, bear in mind that leverage can magnify gains as well as losses. Traders are strongly recommended to choose the proper amount that they feel most at ease.

　　Customer Support

　　Traders with any inquiries or trading-related problems can contact BalansFX through the following channels:

　　Email: destck@balansfx.com.

　　Or you can follow this brokerage on some social media platforms, such as Twitter and Facebook.

　　Risk Warning

　　Forex and leveraged trading carry a high level of risks and it is not suitable for all investors. Please note the information contained in this article is for general information purposes only.