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No Regulation
Score
1.48 /10
Danger
BenefitFX
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index6.74
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
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
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| BenefitFX Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | Marshall Islands |
| Regulation | Unregulated |
| Market Instruments | Stocks, currencies(sixty currency pairs), indices(15 Index CFDs ) and commodities, metals, oil range and forex |
| Leverage | Up to 1:100 |
| Spread | Starts from 0.9 pips |
| Min Deposit | $250 |
| Customer Support | Telephone number： +7 499 609 12 59+7 495 045 43 76+44 20 376 94 016Email: support@benefitfx.ccinfo@benefitfx.cc |
BenefitFX Information
BenefitFX, registered in the Marshall Islands, is a modern trading platform with an intuitive interface that provides clients with stocks, currencies, indices and commodities trading services.
Pros and Cons
| Pros | Cons |
| Five types of accounts | Lack of Regulatory Oversight |
| User-Friendly Trading Platforms | The minimum deposit is as high as $250 |
Is BenefitFX Legit?
BenefitFXis not supervised by any financial institutions.
What Can I Trade on BenefitFX?
BenefitFX offers traders the opportunity to trade stocks, currencies(sixty currency pairs), indices(15 Index CFDs ) and commodities, metals, oil range and forex.
| Tradable Instruments | Supported |
| Commodities | ✔ |
| Stocks | ✔ |
| Currencies | ✔ |
| Forex | ✔ |
| Indices | ✔ |
| Metals | ✔ |
| Oil range | ✔ |
| Mutual Funds | ❌ |
| Futures | ❌ |
Account Types
BenefitFX provides five account types: Basic, Silver, Gold, Platinum, and VIP ECN. Initial deposit requirements for these account types are $250+, $1000+，$5000+，$25000+ and $100,000+ respectively.
Leverage
All account types offer 1:100 leverage, except for VIP ECN accounts which offer 1:10 leverage.
BenefitFX Fees
Basic accounts enjoy spreads as low as 2 pips, the same is true for silver accounts, while 1.5 pips for gold accounts, and 0.9 pips for platinum and VIP ECN accounts).
Starting with the Silver account, clients have the opportunity to receive awards from the company, ranging from 30% (Silver account) to 50% (Gold account) to 100% (platinum and VIP ECN account).
VIP ECN accounts are subject to additional coverage up to 50%.
Trade gold, silver and oil ranges enjoy a no-deposit-fees policy.
| Awards | Additional coverage | |
| Basic Account | N/A | N/A |
| Sliver Account | 30 | N/A |
| Gold Account | 50 | N/A |
| Platium Account/VIP ECN | 100 | 50 |
Deposit and Withdrawal
First withdrawals are free for basic accounts, silver accounts and gold accounts, while platinum accounts and VIP ECN customers enjoy free withdrawals.
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