SETFX-Overview of Minimum Deposit, Spreads & Leverage
Abstract：SETFX is registered in the United Arab Emirates and is not regulated. It offers four types of accounts, with a maximum leverage of 1:500 and spread from 2 pips. The minimum deposit is $100.
Note: SETFX's official website - https://setfx.ae/ is currently inaccessible normally.
| SETFX Review Summary | |
| Founded | / |
| Registered Country/Region | United Arab Emirates |
| Regulation | Unregulated |
| Market Instruments | / |
| Demo Account | / |
| Leverage | Up to 1:500 |
| EUR/USD Spread | From 2 pips |
| Trading Platform | / |
| Min Deposit | $100 |
| Customer Support | Email: support@setfx.ae |
SETFX is registered in the United Arab Emirates and is not regulated. It offers four types of accounts, with a maximum leverage of 1:500 and spread from 2 pips. The minimum deposit is $100.
Pros and Cons
| Pros | Cons |
| Multiple account types | Unavailable website |
| Flexible leverage ratios | Unregulated status |
| High spreads | |
| Unclear fee structure | |
| Limited contact channels |
Is SETFX Legit?
No, SETFX is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.
Account Type
| Account Type | Min Deposit |
|---|---|
| Micro | $100 |
| Standard | $500 |
| Mini | $1,000 |
| Professional | $10,000 |
Leverage
SETFX offers leverage up to 1:500, which can potentially bring high returns, but it also comes with high risks.
| Account Type | Max Leverage |
|---|---|
| Micro | 100:1 |
| Standard | 100:1 |
| Mini | 500:1 |
| Professional | 100:1 |
Spread
SETFX offers EUR/USD spread from 2 pips, which is higher than the industry average of 1.5 pips.
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