TrendFX-Overview of Minimum Deposit, Leverage, Spreads
Abstract：TrendFX, a trading name of TrendFX Limited., is allegedly a suspicious regulated forex and CFD broker registered in the UK that claims to provide its clients with over 90 tradable financial instruments with leverage up to 1:400 and variable spreads from 0.8 pips on the industry-standard MetaTrader5 trading platform, as well as a choice of two different account types and 24/7 customer support service.
General Information & Regulation
TrendFX, a trading name of TrendFX Limited., is allegedly a suspicious regulated forex and CFD broker registered in the UK that claims to provide its clients with over 90 tradable financial instruments with leverage up to 1:400 and variable spreads from 0.8 pips on the industry-standard MetaTrader5 trading platform, as well as a choice of two different account types and 24/7 customer support service.
Market Instruments
TrendFX advertises that it offers more than 90 investment assets in financial markets, including forex currency pairs, energy, Emtias and metals, cryptocurrencies and stock indexes.
Account Types
Apart from two demo accounts, there are two real trading accounts offered by TrendFX, namely Standard USD and Diamond USD. However, the broker didnt reveal any information about the minimum initial deposit requirement.
Leverage
TrendFX advertises on its home page that the maximum leverage is 1:400. However, from the information on the interface of “Account Types”, the available leverage ratio is 1:200. Anyway, inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.
Spreads
TrendFX claims that the spread from 0.1 pips on its home page. However, from the information on the interface of “Account Types”, different account types can enjoy quite different spreads. In particular, the clients on the Standard USD account can experience spreads for EUR/USD pair from 1.0 pip, while the Diamond USD account can enjoy spreads from 0.8 pips.
Trading Platform Available
Platforms available for trading at TrendFX are MT5 Desktop and MT5 Mobile (iPhone, Android). In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
TrendFX accepts deposits and withdrawals via credit cards, bank transfers, cash and Bitcoin. The minimum initial deposit requirement is said to be $50, while the first deposit requirement is $500.
Bonuses
TrendFX claims to offer a free $30 bonus without a deposit, yet we cannot be sure if the bonus is available without any condition.
Customer Support
TrendFX‘s customer support can be reached by WhatsApp: +44 7863 421740, email: destek@trendfx.com, info@trendfx.com or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms such as Twitter, Facebook, Instagram, YouTube and Telegram. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.
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