FUBON Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-16 18:43

Abstract：FUBON is a brokerage firm headquartered in Belize that requires a minimum deposit of $300 for its Ordinary MT4 Account, with leverage of up to 1:100. Although it claims to offer competitive spreads starting from 0.5 pips, the lack of regulation and the inaccessible official website makes it unsafe.

FUBON Review Summary
Company Name	FUBON
Registered Country/Area	Belize
Regulation	Unregulated
Minimum Deposit	$300
Maximum Leverage	Up to 1:100
Spreads	starting from 0.5 pips for major currency pairs
Trading Platforms	MetaTrader 4 (MT4)
Tradable Assets	Over 100 currency pairs, commodities, and indices
Account Types	VIP Account, Professional ECN Account, Ordinary MT4 Account
Customer Support	client@fubonfinance.com
Payment Methods	Bank Wire Transfer, Credit/Debit Cards, E-Wallets, Cryptocurrency

FUBON Information

　　FUBON is a brokerage firm headquartered in Belize that requires a minimum deposit of $300 for its Ordinary MT4 Account, with leverage of up to 1:100. Although it claims to offer competitive spreads starting from 0.5 pips, the lack of regulation and the inaccessible official website makes it unsafe.

Regulation

　　Fubon is operated by an entity registered under the domain fubon.com, registered with Net-Chinese Co., Ltd. since June 21, 2002. The registration information does not indicate any regulatory oversight in its registered location.

Pros and Cons

Pros	Cons
Wide Range of Market Instruments	Unregulated
Account Variety	Limited Customer Support
1:100 Leverage	Lack of Educational Resources

What Can I Trade on FUBON?

　　FUBON offers 3 types of trading instruments, including over 100 currency pairs, commodities, and indices. But it does not support digital assets.

Tradable Instruments	Supported
Currency pairs	✔
Commodities	✔
Indices	✔
Digital Assets	❌

Account Types

　　FUBON offers a total of three types of live trading accounts: the VIP Account, Professional ECN Account, and Ordinary MT4 Account. Currently, FUBON does not provide demo accounts or Islamic accounts.

Account Type	Minimum Deposit	Leverage	Minimum Position Size	Suit for
VIP Account	$50,000	Customizable upon request	N/A	High-net-worth individuals and institutional clients
Professional ECN Account	$3,000	1:100	0.01 lot	Traders valuing competitive conditions and moderate capital
Ordinary MT4 Account	$300	1:100	0.01 lot	New traders or those with smaller capital

Leverage

　　FUBON offers a maximum leverage of up to 1:100. This means that for every $1 in your trading account, you can control a position worth up to $100.

Trading Platforms

　　Centrix Markets offers the MT4 trading platform, which is suitable for both mobile and desktop devices (including Windows and macOS). It is more suitable for experienced traders. However, there are no access of MT5 platform and the Tradingweb platform.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Mobile and Desktop（Windows & macOS）	Beginner
MT5	❌	Mobile and Desktop（Windows & macOS）	Experienced Trader

Deposit & Withdrawal

　　FUBON does not charge any fees for deposits or withdrawals, allowing traders to transfer funds without additional costs. The minimum deposit required to open an account with FUBON is $300.