Sinox FX Spreads, leverage, minimum deposit Revealed

Registered in	United Arab Emirates
Regulated by	No effective regulation at this time
Year(s) of establishment	2-5 years
Trading instruments	FX Major, FX Crosses, FX Minor, FX TRY, Spot Metals, CFDs, Spot Indices, Shares, Cryptocurrencies.
Minimum Initial Deposit	$50
Maximum Leverage	1:1000
Minimum spread	0.0 pips onwards
Trading platform	MT5
Deposit and withdrawal method	cryptocurrencies, MasterCard, PayPal, VISA, bank transfer, neteller and skrill
Customer Service	Email/phone number/address/live chat
Fraud Complaints Exposure	Yes

General Information

　　Registered in the United Arab Emirates, Sinox FX is an online forex broker providing access to more than 120 trading instruments, including Forex, Metals, Indices, CFD products through the advanced MT5 trading platform.

Spreads and Commissions In the case of Sinox FX, spreads and commissions depend on the instrument and the account. Let's take a silver account as an example. Minimum spreads are about 2.5 pips and commission is described as low." />

Market Instruments

　　FX Major, FX Crosses, FX Minor, FX TRY, Spot Metals, CFDs, Spot Indices, Shares, Cryptocurrencies.....Sinox FX allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Sinox FX. we noted that shares trading is currently unavailable.

Spreads and Commissions

In the case of Sinox FX, spreads and commissions depend on the instrument and the account. Let's take a silver account as an example. Minimum spreads are about 2.5 pips and commission is described as low.

Account Types for Sinox FX

　　Demo Account: Sinox FX provides a demo account that allows you to try out the financial markets without the risk of losing money.

　　Live Account: Sinox FX offers a total of Sinox FX account types: silver, gold, platinum, elite and raw. The minimum deposit to open an account is $50, $1,000, $10,000, $25,000 and $50,000 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a silver account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

Trading Platforms

　　The MT5 trading platform features powerful charting capabilities, including over 50 different technical indicators and intraday analysis tools. Access from a variety of devices also makes trading easier for users.

Leverage

　　Sinox FX offers a maximum leverage of up to 1:1000, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Deposit and Withdrawal

　　As for deposits and withdrawals, the company lists only a few payment options, but does not cover the most important parts, such as additional fees, minimum amounts, time required for procedures, etc. The possible payment methods are cryptocurrencies, MasterCard, PayPal, VISA, bank transfer, neteller and skrill.

Customer Support

　　Below are the details about the customer service.

　　Language(s): English

　　Service Hours: 24/7

　　Email: support@sinoxfx.com

　　Phone Number: +971529626257

　　Register Address:71-75 Shelton Street, London, Greater London, United Kingdom

　　Office Address: 701, 7th Floor, Al Jawarah Building , near by ADCB bank Dubai U.A.E

　　Social media: Facebook, Instagram, LinkedIn, YouTube, twitter