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No Regulation
Score
1.53 /10
Danger
SSFX
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index7.17
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-15
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Note: SSFX's official website: https://www.ssfxlimited.com is currently inaccessible normally.
| SSFXReview Summary | |
| Founded | 2017/6/12 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Not regulated |
| Market Instruments | Forex, Metals, CFDs |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| Spread | From 1.0 pips |
| Trading Platform | MT4 |
| Min Deposit | $10 |
| Customer Support | Email: support@ssfxlimited.com |
| Social media: Twitter and Facebook | |
SSFX Limited is an offshore broker offering forex, metals, and CFDs. It also provides the most popular trading platform - MT4. Besides, the minimum deposit of $10 is very attractive. However, it is not supervised by financial authorities.
Pros and Cons
| Pros | Cons |
| Popular trading platform MT4 | Limited trading assets |
| Low minimum deposit $10 | Not regulated |
| High leverage up to 1:200 | Lack of transparency |
| Demo accounts offered |
Is SSFX Legit?
SSFX was registered by SSFX Limited in Saint Vincent and the Grenadines in 2017. SSFX claims it was regulated. However, the Financial Services Authority of St. Vincent and the Grenadines does not supervise forex brokers and CFDs. Traders should be cautious when trading.
What Can I Trade on SSFX?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| CFDs | ✔ |
| Stocks | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
SSFX offers three account types: Islamic Standard, ECN Standard and Pro.
| Account Types | Minimum Deposit | Minimum Lot Size |
| Islamic Standard | $10 | 0.01 per point |
| ECN Standard | $200 | |
| Pro | $10000 |
Leverage
The maximum leverage of SSFX's Islamic Standard account is 1:1000, and other accounts are 1:200. Leveraging can increase returns, but it also raises the risk of losing more than you invested.
Spreads & Commission
When we tried out SSFX's platform in demo mode, we found the broker's spreads floating around 0.7 pips on EUR/USD with no commission fees.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows and iOS | Beginners |
Deposit and Withdrawal
SSFX can deposit and withdraw through Bank Transfer, Credit Card, Skrill and Neteller. The minimum deposit of SSFX is $10. SSFX Limited has a withdrawal fee for all clients. For Indonesia, Thailand, Vietnam, and Malaysia, the fee is 1.5% plus the conversion. But when it comes to the deposit, it is free. Moreover, the processing time is not mentioned.
Customer Service
| Contact Options | Details |
| Phone | ❌ |
| support@ssfxlimited.com | |
| Support Ticket System | ❌ |
| Online Chat | ✅ |
| Social Media | ❌ |
| Supported Language | ❌ |
| Website Language | ❌ |
| Physical Address | Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines |
The Bottom Line
In conclusion, traders should be cautious when coming across SSFX. SSFX offers a few trading assets and lacks regulation. Besides, customer support methods are limited so that problems can't be solved in time. Moreover, it doesn't mention its fees.
FAQs
Is SSFX safe?
No, it doesn't have a regulation.
Is SSFX good for day trading?
No. SSFX shows no information about its fees
What kind of trading platform does SSFX offer?
MT4.
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