EXP Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-11-24 18:22

Abstract：EXP was co-founded in 1996 by computer scientist Dr. Michael Stumm and economist Dr. Richard Olsen, with the mission of Internet and technology will open up markets (including data and transactions). As early as 1996, EXP began to provide currency exchange information via the Internet. In the past 24 years, EXP has grown into a global company with offices in 8 major financial centers, customers in 196 countries, able to provide customer service in 9 languages. However, EXP is not subject to any regulation.

　　General Information & Regulation

　　EXP was co-founded in 1996 by computer scientist Dr. Michael Stumm and economist Dr. Richard Olsen, with the mission of Internet and technology will open up markets (including data and transactions). As early as 1996, EXP began to provide currency exchange information via the Internet. In the past 24 years, EXP has grown into a global company with offices in 8 major financial centers, customers in 196 countries, able to provide customer service in 9 languages. However, EXP is not subject to any regulation.

　　Markets Instruments

　　EXP says to be offering over 400 trading assets, including currency pairs, stocks, futures, precious metals, commodities as well as bonds.

　　Minimum Deposit

　　A minimum deposit of 100 USD is definitely acceptable and actually is in the lower range of what most brokers require for a trading account. And yet, bear in mind that some big well-established brokers do not have a minimum deposit requirement at all.

　　Leverage

　　Trading leverage vary depending on particular instruments. The maximum leverage for major pairs, precious metals and major indices up to 100:1, for minors up to 50:1, silver 25:1, bond 50:1. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

　　Spreads & Commissions

　　Spreads details are displayed on the EXP website clearly. The spread on the EURJPY pair is 2.1 pips, EURUSD 1.4 pips, GBP/JPY 2.5 pips, GBP/USD 1.9 pips, Gold 64.1 pips, Australia 200 around 3.2 pips, Europe 50 around 0.9 pips.

　　Trading Platform Available

　　EXP supports the MetaTrader5, which along its predecessor, the MetaTrader4 is one of the most widely used trading platforms on the market. MT5 features an excellent pack of advanced charting tools, many market indicators and easily customizable trading bots, with the help of which one can easily run automated trading sessions.

　　Deposit& Withdrawal

　　In terms of payment methods available, EXP does not make this part clear. Most broker would accepts payments with credit cards like VISA and MasterCard, bank wire and several e-wallets among which Neteller and Skrill.

　　Customer Support

　　The EXP customer support team can be reached through email: support@EXPforex.com , as well as Line