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FDFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-22 17:28

Abstract：Based in New Zealand, FDFX is an unregulated forex broker that was established in 2001. FDFX offers trading in Forex, Stocks, Futures, Options, Gold & Silver, Oil & Gas, Fixed Income, and Energy Derivatives via the MT4 and MT5 platforms. Demo accounts are available and the minimum deposit requirement to open a live account is as high as USD 500.

FDFX Review Summary
Founded	2001
Registered Country/Region	New Zealand
Regulation	Unregulated
Market Instruments	Forex, Stocks, Futures, Options, Gold & Silver, Oil & Gas, Fixed Income, Energy Derivatives
Demo Account	✅
Leverage	1:200
Spread	From 2 pips (Retail account)
Spread	From 1 pip (Institutional account)
Trading Platform	MT4/5
Min Deposit	$500
Customer Support	Contact form
	Email: info@fdfx.com
	Address: PWC Tower 188 Quay Street Auckland 1010, Rome Eur Viale Luca Gaurico 9/11 Rome 00143, Paseo de la Castellana 95-15, Madrid Financial District - Torre Europa, Madrid

　　Based in New Zealand, FDFX is an unregulated forex broker that was established in 2001. FDFX offers trading in Forex, Stocks, Futures, Options, Gold & Silver, Oil & Gas, Fixed Income, and Energy Derivatives via the MT4 and MT5 platforms. Demo accounts are available and the minimum deposit requirement to open a live account is as high as USD 500.

Pros and Cons

Pros	Cons
Various trading options	Not regulated
Demo accounts	High minimum deposit
MT4 and MT5 supported
Limited payment options
Multiple contact channels

Is FDFX Legit?

　　No, FDFX is not regulated by any reputable financial body. Please be aware of the risk!

What Can I Trade on FDFX?

　　FDFX offers various trading options, including Forex, Stocks, Futures, Options, Gold & Silver, Oil & Gas, Fixed Income, and Energy Derivatives.

　　Forex: On-line trade in 150 currency pairs.

　　Stocks: Trade stocks on 22 of the world's largest exchanges.

　　Futures: Includes and not limited to metals, energy, petroleum, financial instruments, foreign currencies, stock indexes, and agricultural products.

　　Fixed Income: Commercial Paper (CP and ECP), Government Bonds, Repurchase (Repo) and Structured Products.

　　Energy Derivatives: Brent Crude: 0.2 Gasoil, ULSD, Jet, Fuel Oil. WTI Crude: Gasoline, Heating Oil.

Tradable Instruments	Supported
Forex	✔
Stocks	✔
Futures	✔
Options	✔
Gold & Silver	✔
Oil & Gas	✔
Fixed Income	✔
Energy Derivatives	✔
Indices	❌
Cryptocurrencies	❌
Bonds	❌
ETFs	❌

Account Type

　　FDFX not only provides live accounts but also sets up demo accounts for traders to practice their trading strategies. The minimum deposit to open a real account is $500.

Account Type	Min Deposit	Suitable for
For persons	USD 500	Beginners and experienced traders
For companies	USD 50,000	Money managers, hedge funds

Leverage

Asset Class	Max Leverage
Major currency pairs	1:200
Minor currency pairs	1:100
Metals	1:50

　　It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread

Account Type	Spread
For persons	2 pips
For companies	1 pip

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, Desktop, Android, iOS	Beginners
MT5	✔	Windows, Android, iOS	Experienced traders

Deposit and Withdrawal

Deposit

　　FDFX accepts bank wire transfer, e-payments and ACH as payment methods for deposit.

　　Bank wire transfer: USD, EUR, GBP, CAD, JPY, HKD, SGD to the following banks: HSBC, BARCLAYS and Rietumu Banka

　　E-payments: PayPal, WebMoney, echeck (for verified clients of payment systems only)

Deposit Option	Min Deposit
Bank wire transfer	$500
E-payments	$500
ACH	$500 for Mini and $2 000 for 100K

Withdrawal

　　FDFX only accepts withdrawals via International Wire Transfer. To withdraw funds, FDFX provides the Withdrawal Form to fill out and sign. Any requests to withdraw funds will be processed within 2 business days.