Forex Varsity Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-19 18:15

Abstract：Forex Varsity was founded in 2018 in the United States, focusing on the forex, indices, precious metals, energies, and CFDs markets. It uses MT4 as its trading platform, with a minimum deposit of $200 and a maximum leverage of 1:1000. However, it is not regulated, and potential risks are relatively high.

　　Note: Forex Varsity's official website - https://forexvarsity.net/ is currently inaccessible normally.

Forex Varsity Review Summary
Founded	2018
Registered Country/Region	United States
Regulation	No regulation
Market Instruments	Forex, indices, precious metals, energies and CFDs
Demo Account	/
Leverage	Up to 1:1000
Spread	/
Trading Platform	MT4
Min Deposit	$200
Customer Support	Tel: +1 (315) 916-6432 (Mon - Fri, 8:00-17:00)
	Email: support@forexvarsity.net
	Social media: Facebook, Twitter, YouTube, Instagram
	Address: Head Office – Cape Town Seaboard House, Cnr of Blaauwberg Road & Millin Rd, Table View 7441

　　Forex Varsity was founded in 2018 in the United States, focusing on the forex, indices, precious metals, energies, and CFDs markets. It uses MT4 as its trading platform, with a minimum deposit of $200 and a maximum leverage of 1:1000. However, it is not regulated, and potential risks are relatively high.

Pros and Cons

Pros	Cons
Diverse tradable assets	Inaccessible website
MT4 supported	Lack of regulation
Popular payment options	Unclear fee structure
	High minimum deposit

Is Forex Varsity Legit?

　　No, it is not regulated by the financial services regulatory authority in the United States, which means that the company lacks regulation from its registration site. Please note the potential risks!

What Can I Trade on Forex Varsity?

　　Forex Varsity provides several types of products, including forex, indices, precious metals, energies and CFDs.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Precious Metals	✔
Energies	✔
Indices	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Leverage

　　The leverage can be up to 1:1000, which is relatively high. Customers need to consider carefully before investing, because high leverage is likely to bring high potential risks.

Trading Platform

　　Forex Varsity uses MT4 as its trading platform, which is a recommended platform for beginners.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	PC, web, mobile	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　Forex Varsity supports a number of payment options, including bank transfer, Neteller, Skrill, Perfect Money, and Bitcoin. However, other details such as the processing time and fees are not clear.