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Demand FX -

Score

1.25 /10
Danger

Demand FX

China

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://demand-fx.com

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Time Machine
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Score

Regulatory Index0.00

Business Index5.02

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Demand FX · Company summary

Note: Demand FX's official website: https://demand-fx.com is currently inaccessible normal.

FIRMReview Summary
Founded2023
Registered Country/RegionChina
RegulationUnregulated
Market InstrumentsStocks, futures, crude oil, gold, bitcoin, currencies, etc.
Demo Account/
LeverageUp to 1:500
SpreadFrom 1.5 pips
Trading PlatformDemand FX trading platform
Min Deposit$100
Customer SupportLive chat, email: info@demandfx

Demand FX is an unregulated trading platform that was founded in China in 2023. With a $100 minimum deposit, it offers spreads as low as 1.5 pips and leverage up to 1:500. Demand FX asserts to provide tradable assets, including stocks, futures, crude oil, gold, bitcoin, currencies, etc.

Demand FX's homepage

Pros and Cons

ProsCons
Comprehensive Investment MarketsNot Regulated
Unstable website
No MT4/5

Is Demand FX Legit?

Demand FX operates without regulation from any regulatory authority.

No license

What Can I Trade on Demand FX?

Tradable InstrumentsSupported
Stocks✔
Futures✔
Crude oil✔
Gold✔
Bitcoin✔
Currencies✔
Indices❌
ETFs❌
What Can I Trade on Demand FX?

Account Type

Demand FX only offers a single account type. The minimum deposit requirement to open an account is $100.

Leverage

Demand FX allows traders to use a maximum leverage of 1:500. In this case, a trader with a 1:500 leverage ratio may be able to open a position in the market that is 500 times greater for each unit of capital in their account.

Spreads & Commissions

The spreads on Demand FX start from 1.5 pips. Spreads represent the difference between the buying (ask) price and the selling (bid) price of an asset. These spreads can vary across different instruments and market conditions.

Regarding commissions, Demand FX charges a flat commission fee of $7 per round turn. For instance, if a trader opens and closes a position (round turn) on an instrument, they would be charged a total commission of $7 for that specific trade.

Trading Platform

Demand FX claims to offer an original trading platform called “Demand FX trading platform”. One of its highlighted strengths is the provision of chart analysis tools which offer access to over 50 technical indicators and intraday analysis tools.

Demand FX trading platform

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drama
more than one year
I recently tried out Demand FX, and my experience was a bit of a mixed bag. On the positive side, the platform offers a decent variety of trading instruments, and the user interface is relatively user-friendly. However, I found the customer support to be lacking in responsiveness, and there were some technical glitches that affected my trading experience.
I recently tried out Demand FX, and my experience was a bit of a mixed bag. On the positive side, the platform offers a decent variety of trading instruments, and the user interface is relatively user-friendly. However, I found the customer support to be lacking in responsiveness, and there were some technical glitches that affected my trading experience.
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2023-12-19 18:27
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