Blockex-Overview of Minimum Deposit, Leverage, Spreads

Blockex | 2024-11-08 16:04

Abstract：Blockex is an unregulated online forex broker based in the United Kingdom, operating for 2-5 years. It offers a variety of trading instruments, including forex, CFDs, stocks, and metals, with leverage up to 1:500.

Blockex Review Summary
Company Name	Blockex
Registered Countries	United Kingdom
Founded	2-5 years
Regulation	Unregulated
Minimum Deposit	$100
Maximum Leverage	1:500
Minimum Spread	0.6 pips
Payment Methods	Crypto Wallets, Skrill, Neteller, MasterCard, VISA, American Express, iDeal, Webmoney, BPAY, Discover, and Western Union
Customer Support	telephone: +1(231) 844-9949
Customer Support	email: support@blockextrade.com

Blockex Information

Blockex is an unregulated online forex broker based in the United Kingdom, operating for 2-5 years. It offers a variety of trading instruments, including forex, CFDs, stocks, and metals, with leverage up to 1:500.

Pros and Cons

Pros	Cons
Offers over 10 trading products	Unregulated
Provides over 10 payment methods	Minimum deposit of $100
Offers an online trading platform (Blockxtrade Web Trader)

Is Blockex Legit?

Blockex's corporate domain (blockex.com) is registered through Gandi SAS, with a registration date of October 3, 2014, and an expiration date of October 3, 2024. Currently, Blockex is unregulated.

What Can I Trade on Blockex?

Blockex offers more than 10 trading products, including forex, CFDs, Stocks, Cryptocurrencies, Metals, Indices, Commodities, Futures, Shares, Energies, Bonds.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Stocks	✔
Cryptocurrencies	✔
Metals	✔
Indices	✔
Commodities	✔
Futures	✔
Shares	✔
Energies	✔
Bonds	✔

Account Types

Blockex provides four account types—Classic, Standard, Premium, and VIP. It offers leverage of up to 1:500 across all account types, from Classic to VIP.

Account Type	Minimum Deposit	Spreads	Leverage	Scalping	Stop Out	Swap Free	Minimum Trade Size
Classic	$100	From 1.9 pips	Up to 1:500	No	50%	Yes	0.10 lot
Standard	$1,000	From 1.5 pips	Up to 1:500	Yes	50%	Yes	0.01 lot
Premium	$2,500	From 1.2 pips	Up to 1:500	Yes	50%	Yes	0.10 lot
VIP	$5,000	From 0.6 pips	Up to 1:500	Yes	50%	Yes	0.10 lot

Spreads & Commissions

At Blockex, spreads vary depending on the type of trading account. However, the broker does not mention commission fees on its official website.

Classic Account: Spreads start from 1.9 pips.

Standard Account: Spreads start from 1.5 pips.

Premium Account: Spreads start from 1.2 pips.

VIP Account: Spreads start from 0.6 pips.

Trading Platform

Blockex offers the Blockxtrade Web Trader platform, which is available online and requires no downloads.

Trading Platform	Supported	Available Devices	Suitable for
Blockxtrade Web Trader Platform	✔	Windows, Web Browser, Android, MAC, iOS, Online	Both Beginner and Experienced Trader
MT5	❌	Mobile and Desktop（Windows & macOS）	Experienced Trader
MT4	❌	Mobile and Desktop（Windows & macOS）	Beginner

Deposit and Withdrawal

Blockex offers over ten payment methods, including Crypto Wallets, Skrill, Neteller, MasterCard, VISA, American Express, iDeal, Webmoney, BPAY, Discover, and Western Union, with no deposit fees. E-wallet payments are processed instantly, while bank transfers may take up to 5 working days to appear in the account.

Leverage Broker Dealer Forex trading Forex Broker forex pips

Related broker

Website：https://blockex.trade/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.44

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