Minos Limited Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-05-06 10:14

Abstract：Founded in 2022, Minos is an unregulated broker registered in Saint Vincent and the Grenadines. It provides many trading assets, like commodities, grains, precious metals and energies with leverage up to 1:500 and spread from 2.0 pips on the Standard account throught cTrader platform. Demo accounts are available and the minimum deposit requirement is $100.

Minos Limited Review Summary
Founded	2022
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Not regulated
Market Instruments	Commodities, grains, precious metals and energies
Demo Account	✅
Leverage	Up to 1:500
Spread	From 2.0 pips (Standard account)
Trading Platform	cTrader
Min Deposit	$100
Customer Support	24/5 support
	Tel: +971 4 362 2222
	Email: support@minosfutures.com
	Address: 1 Commercial Road, Georgetown, St Vincent & the Grenadines, 116th floor Burj Khalifa, Corporate Suites, Downtown - Dubai - United Arab Emirates

　　Founded in 2022, Minos is an unregulated broker registered in Saint Vincent and the Grenadines. It provides many trading assets, like commodities, grains, precious metals and energies with leverage up to 1:500 and spread from 2.0 pips on the Standard account throught cTrader platform. Demo accounts are available and the minimum deposit requirement is $100.

Pros and Cons

Pros	Cons
Various trading assets	Not regulated
Demo accounts offered	Wide spreads
Multiple account types	No MT4/5
cTrader platform	No popular payment options
	Deposit and withdrawal fee charged

Is Minos Limited Legit?

　　No, Minos Limited operates without regulation. It also claims it is regulated by FSA and NFA. However, there is no information on the two websites. It means Minos Limited is not supervised by any financial authorities. Please be aware of the risk!

What Can I Trade on Minos Limited?

Tradable Instruments	Supported
Commodities	✔
Grains	✔
Precious metals	✔
Energies	✔
Forex	❌
Indices	❌
Stocks	❌
Cryptos	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Minos Limited offers three account types: Standard, Premium and Platinum.

Account Type	Min Deposit
Standard	$100
Premium	$10 000
Platinum	$25 000

Leverage

　　Minos Limited's leverage is up to 1:500. The higher the leverage, the more the returns and losses.

Spread and Commission

　　Minos Limited's spreads varies by the accounts. The standard account's spread starts from 2.0 pips, the premium starts from 1.8 pips and the platinum starts from 1.5 pips.

　　Besides, commission can be reduced to $35 per $1million traded.

Account Type	Spread
Standard	From 2.0 pips
Premium	From 1.8 pips
Platinum	From 1.5 pips

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
cTrader	✔	Desktop, Mobile & Tablets and Web	Experienced traders
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　Minos Limited supports deposits and withdrawals via 9pay, 5pay, ewallet, shopee pay, grab pay and FPX.

Payment Option	Min Deposit	Deposit Fee	Min Withdraw	Withdrawal Fee	Processing Time
9pay	VND 100 000	/	VND 100 000	1%	/
5pay	MYR 500	1.5% or MYR 1	MYR 100	0.5% or MYR 2	Instantly
Ewallet	MYR 100	1.5% or MYR 1	/	1% or MYR 2
Shopee pay			MYR 100
Grab pay			/
FPX	MYR 500	1.5%	MYR 100	1.5%