Fxtradeindex Spreads, leverage, minimum deposit Revealed

　　Note: Fxtradeindex's official website:https://fxtradeindex.com/ is currently inaccessible normally.

Fxtradeindex Information

　　FXTradeIndex is a US-based Forex broker that provides access to a wide range of tradable assets. Traders can trade currencies across multiple currency pairs, commodities like oil and gold, as well as indices, invest in metals, stocks and even cryptocurrencies. FXTradeIndex offers a leverage ratio of 1:500.

Pros and Cons

Is Fxtradeindex Legit?

　　FXTradeIndex claims to be a Securities and Exchange Commission (SEC) regulated entity in the United States, but this statement is misleading. In reality, according to WiKiFX's investigation, Fxtradeindex is currently not regulated by any recognized financial authorities.

What Can I Trade on Fxtradeindex?

　　You can trade dozens of products including currency pairs, commodities, indices, metals, stocks, cryptocurrencies.

Account Type

• About opening an account:

　　Opening an account with FXTradeIndex is a straightforward process. Here are the steps to follow:

　　1、Visit the FXTradeIndex website and click on the “Create Account” button.

　　2、Fill out the account registration form with your personal details, including name, email, and contact information.

　　3、Select the desired account type.

　　4、Provide any additional requested information, such as proof of identification and address verification documents.

　　5、Review and accept the terms and conditions of the broker.

　　6、Submit your account registration and wait for confirmation from FXTradeIndex. Once approved, you will receive your account login credentials, allowing you to start trading.

• About real account:

　　FXTradeIndex offers two distinct trading account types: Raw Spread Account and Standard Account.

　　The Raw Spread Account:Starting from 0 pips, who are willing to pay a commission of $3.5 per lot per side.

　　The Standard Account: It offers competitive spreads starting from 0.6 pips while utilizing its platform for trade execution. With this account type, traders can focus on spread costs without incurring additional commission fees per lot.

Fxtradeindex Fees

• About spreads:

　　FXTradeIndex offers spreads as low as 0.0 pips on its platform. The broker offers two types of accounts: raw spread accounts and standard accounts. The minimum spread on the EURUSD currency pair on the raw spread account is listed as 0 pips. On the Standard account, the minimum spread on EURUSD is 0.6 pips and the average spread is 0.62 pips.

• About handling fee:

　　With the Raw Spread Account, traders can expect to pay a commission fee of $3.5 per lot per side for their trades. Fees include a $2 charged fee plus a 2% commission for Ethereum and wire transfer withdrawals, and 0.01% fees plus $0.01 for Bitcoin withdrawals.

• About deposit fee:

　　Fxtradeindex allows a minimum deposit of $1.

Trading Platform

　　FXTradeIndex does not have its own trading platform. Instead, it relies on charts from a third-party service, TradingView.

Deposit and Withdrawal

　　FXTradeIndex allows a minimumdeposit of $1 and offers payment options in Bitcoin and Ethereum. Withdrawals can be made using Bitcoin, Ethereum, and wire transfer, with a minimum withdrawal of $5 via Ethereum. Fees include a $2 charged fee plus a 2% commission for Ethereum and wire transfer withdrawals, and 0.01% fees plus $0.01 for Bitcoin withdrawals. Wire transfers may take up to 2 days, while crypto payments are instant.