Discovery FX-Overview of Minimum Deposit, Leverage, Spreads

Discovery FX | 2025-01-13 14:29

Abstract：Discovery Forex Limited founded Discovery FX in 2018 in Hong Kong. It provides two trading asset classes: Spot Rolling FX and Precious Metals. Besides, it also offers demo accounts and high leverage of 1:1000. However, it is not regulated and its minimum deposit is as high as $200.

Discovery FX Review Summary
Founded	2018
Registered Country/Region	Hong Kong
Regulation	Not regulated
Market Instruments	Spot Rolling FX, Precious Metals
Demo Account	✅($10,000 in virtual fund)
Leverage	1:1 - 1:1000
EUR/USD Spread	1.0 - 3.0 pips
Trading Platform	MT4, MT5
Copy Trading	✅
Min Deposit	$200
Customer Support	Tel: +852 6889 6237
	Email: info@discovery-forex.com
	Social media: X, Facebook and Instagram

Discovery Forex Limited founded Discovery FX in 2018 in Hong Kong. It provides two trading asset classes: Spot Rolling FX and Precious Metals. Besides, it also offers demo accounts and high leverage of 1:1000. However, it is not regulated and its minimum deposit is as high as $200.

Pros and Cons

Pros	Cons
Demo accounts offered	Not regulated
Flexible leverage ratios	Limited trading assets
MT4 and MT5 offered	High minimum deposit
Copy trading	Limited payment options
No fees for deposits and withdrawals

Is Discovery FX Legit?

No, Discovery FX operates without regulation. Traders should be cautious because Discovery FX is not supervised by any financial authorities.

What Can I Trade on Discovery FX?

Tradable Instruments	Supported
Spot Rolling FX	✔
Precious Metals	✔
Commodities	❌
Indices	❌
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type/Fees

Discovery FX offers two account types: Standard and Nano spread. It also offers demo accounts.

Account Type	Account Currency	Min Deposit	Min Withdrawal	Spread	Transaction Fee	Opening/Maintenance Fee
Standard	USD, JPY	$200	$US100, JPY10,000	/	❌	❌
Nano spread	USD, JPY	$200	$US100, JPY10,000	Nearly 0	$3/lot	❌

Leverage

Discovery-FX provides flexible leverage from 1:1 to 1000:1. Note that the higher the leverage, the more profits and losses.

Leverage	Total Effective Margin
1:1 to 1:1000	USD 5 - USD 20,000 / JPY 500 - JPY 2,000,000
1:1 to 1:200	USD 20,001 ~ USD 100,000 / JPY 2,000,001 ~ JPY 10,000,000
1:1 to 1:100	USD 100,001 ~ USD 200,000 / JPY 10,000,001 ~ JPY 20,000,000
1:1 to 1:50	200,001 USD or more / 20,000,001 JPY or more

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, Desktop, Mobile	Beginners
MT5	✔	Web, Desktop, Mobile	Experienced traders

Deposit and Withdrawal

Discovery-FX supports deposits and withdrawals via bitwallet, overseas remittance and bank transfer. No fees for deposits and withdrawals.

Leverage Dealer Currency Pair Broker Forex trading Forex Broker Forex Currency pair leverage in forex forex pips forex market

Related broker

No Regulation

Discovery FX

Company name：Discovery Forex Limited

Score

1.53

Website：http://www.discovery-forex.com/

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

Score

1.53

Lirunex Joins Financial Commission, Boosts Trader Protection

Lirunex joins the Financial Commission, offering traders €20,000 protection per claim. A multi-asset broker regulated by CySEC, LFSA, and MED.

Original 2025-02-07 17:49

Capital.com Review 2025: Trading Account & Withdrawal to Explore

Despite its relative youth, the Cyprus-registered online broker Capital.com has garnered respectable attention from a large number of retail and professional investors since its 2016 launch. Capital.com is a frontrunner among low-cost trading products; it allows individual and institutional investors to trade contracts for difference (CFDs) on three thousand markets, including Forex, Stocks, Commodities, Indices, Cryptocurrencies, and more. Impressively, Capital.com is on board with ESG investments as well. You can begin trading CFDs on the Capital.com platform with as little as $20. You can trade CFDs on this platform without paying any commissions; the only fees involved are the spreads. This broker offers a wide range of platforms, including mobile apps, a desktop trading app, an API from Capital.com, Tradingview, and MetaTrader 4. Among Capital.com's many distinguishing features is the wealth of educational content and high-quality research it offers its users. The platform's Marke

Science Popularization 2025-02-07 16:35

Italy’s Securities Regulator Consob Orders Shutdown of 6 Illegal Financial Service Websitese

Italy’s financial regulator, Consob, has ordered the shutdown of six unauthorized financial service websites to combat illegal financial activities and protect investors. This action is based on regulatory powers granted under the 2019 “Crescita Decree.” Since 2019, Consob has blocked 1,211 fraudulent websites. Investors can use WikiFX to verify compliance and avoid investment scams.

Original 2025-02-07 16:18

WikiFX Review: Is Fortune Prime Global Reliable?

Founded in 2011, Fortune Prime Global (FPG) is an Australia-registered broker that offers a wide range of investment products (Forex pairs, Commodities, Stocks, Cryptocurrencies, Indices, and so on). Today’s article will show you what it looks like in 2025.

Original 2025-02-07 15:51