Blockex-Overview of Minimum Deposit, Leverage, Spreads
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 |
| 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.
Read more
Trading is an Endless Journey
Every trader dreams of quick success, but rushing the process often leads to mistakes. It’s easy to get swept up in the excitement of winning trades or discouraged by unexpected losses. The truth is, mastering the emotional side of trading can be even more important than understanding market analysis or strategies.
How to Know if the Market is Correcting or Reversing?
In trading, distinguishing between a market correction and a market reversal is crucial for making sound decisions. Misjudging one for the other can lead to missed opportunities or significant losses. While both involve price movements, their causes, duration, and implications differ substantially. Understanding these differences can help traders improve their strategies and adapt to market conditions effectively.
Empowering the Next Generation in Finance with WikiFX: Gen Z’s Investment Journey
With a steadfast commitment to fostering sustainable financial literacy and providing clear, strategic guidance to the next generation, WikiFX has collaborated with Van Lang University and Hoa Sen University to host an exclusive series of financial education workshops. This marks a pioneering initiative by WikiFX in Vietnam, designed not only to deliver foundational knowledge but also to instill a sense of responsibility and cultivate prudent financial decision-making among aspiring young traders.
Robinhood Launches Options Trading in the UK by 2025
Robinhood to introduce options trading in the UK by 2025 following FCA approval. Discover how this expansion aligns with Robinhood's strategy for global growth and new features.
WikiFX Broker
Latest News
Two Californians Indicted for $22 Million Crypto and NFT Fraud
WikiFXRM62k Lost Investment Scam After Joining XRP Community Malaysia on Telegram
WikiFXVictims of Financial Fraud in France Suffer Annual Losses of at Least €500 Million
WikiFXWikiFX Review: Is Ultima Markets Legit?
WikiFXColorado Duo Accused of $8M Investment Fraud Scheme
WikiFXWhat Impact Does Japan’s Positive Output Gap Have on the Yen?
WikiFXMacro Markets: Is It Worth Your Investment?
WikiFXTrading is an Endless Journey
WikiFXSEC Warns on Advance Fee Loan Scams in the Philippines
WikiFXMalaysia Pioneers Zakat Payments with Cryptocurrencies
WikiFXRate Calc
