Ipofxprime-Some Important Details about This Broker

Note: Ipofxprime's official website - https://Ipofxprime.com is currently inaccessible normal.

Based in the United Kingdom, Ipofxprime is an unregulated broker providing access to various market offerings, including forex, stocks, indices, crypto, commodities, and futures. With the Ipofxprime platform, a total of four types of trading accounts are available, Standard, Professional, Business and Business Plus, with the minimum deposit requirement of $200.

Pros and Cons

Is Ipofxprime Legit?

No, Ipofxprime is not a licensed broker. In light of this, putting your money on the line would be an inexcusable mistake.

What Can I Trade on Ipofxprime?

Ipofxprime offers market instruments including Forex, Stocks, Indices, Cryptocurrencies, Commodities, and Futures.

Account Type

The four types of trading accounts – Standard, Professional, Business and Business Plus are available on this platform.

Leverage

When it comes to leverage, Ipofxprime provides its customers with access to 1:1000, which is far greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Spread and Commission

Both spreads and commissions are charged on the Ipofxprime trading platform. For example, on the standard account, average spreads on the EUR/USD pair start from 0.2 pips, with a commission of $16.

Trading Platform

Deposit and Withdrawal

The minimum deposit is $200 to get started withIpofxprime, and this broker allows its clients to make a deposit and withdrawal through five payment options, including VISA, MasterCard, Bitcoin, Litecoin and Fast Bank Transfer.