Forex CFDs-Overview of Minimum Deposit, Leverage, Spreads

WikiFX | 2022-06-06 18:43

Abstract：Forex CFDs is allegedly a forex broker based in Australia that provides its clients with the worlds most widely-used MetaTrader4 platform, up to 30:1 leverage, variable spreads on various tradable assets, and a choice of two different account types.

General Information

Forex CFDs is allegedly a forex broker based in Australia that provides its clients with the worlds most widely-used MetaTrader4 platform, up to 30:1 leverage, variable spreads on various tradable assets, and a choice of two different account types.

Market Instruments

Forex CFDs advertises that it mainly offers four different classes of trading instruments in financial markets, including forex, indices, commodities and bonds.

Account Types

There are two live trading accounts offered by Forex CFDs, apart from demo accounts, namely Advanced and Pro account. Opening a Advanced account requires the minimum deposit of A$100, while the Pro account with the minimum initial capital requirement of A$10,000.

Leverage

The maximum leverage ratio offered by Forex CFDs is up to 30:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Forex CFDs provides its clients with variable spreads that are affected by what type of accounts traders are holding. The spread in the Advanced account start from 1.4 pips, while the Pro account from 1.0 pips.

Trading Platform Available

When it comes to trading platforms available,Forex CFDs gives traders two choices: MetaTrader4 and MT4 Mobile. MT4 is known as one of the most successful, efficient, and competent forex trading software, featuring with a simple layout, live market prices, charts of the forex pairs, custom indicators and the terminal window allows for easy account management, expert advisors and more. While with MT4 Mobile, trading can be done from anywhere and at any time.

Customer Support

Forex CFDss customer support can be reached through telephone: 0282105225, email: clientservices@forexcfds.com.au or live chat. Company address: Level 36, Governor Phillip Tower, One Farrer Place, Sydney, NSW 2000.

Leverage Broker Commission Currency Pair Dealer Forex trading Forex Broker forex pips

Related broker

Unverified

FOREXCFDS

Company name：Trade Nation Australia Pty Ltd

Score

1.58

Website：http://www.forexcfds.com.au/

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.58

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