60op Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-21 16:44

Abstract：60op is owned and operated by two companies, one of which is located in the Marshall Islands and the other in Bulgaria. The Bulgarian legit entity is simply a “marketing company” serving offshore brokers. 60op is not currently subject to any effective regulation.

　　Note: 60op's official website: https://www.60op.com is currently inaccessible normal.

60opReview Summary
Founded	2022
Registered Country/Region	Marshall Islands
Regulation	Not regulated
Market Instruments	forex, CFDs on stock indices and commodities, futures, and some specific stocks, cryptocurrencies and binary options
Demo Account	❌
Leverage	Up to 1:200
EUR/USD Spread	Floating around 1.8-2.0 pips
Trading Platform	Webtrader
Min Deposit	$100
Customer Support	Tel: +442080895103
Customer Support	Email: support@60op.com

　　60op is owned and operated by two companies, one of which is located in the Marshall Islands and the other in Bulgaria. The Bulgarian legit entity is simply a “marketing company” serving offshore brokers. 60op is not currently subject to any effective regulation.

Pros and Cons

Pros	Cons
Wide range of CFD products	Inaccessible website
Various popular payment methods	Not regulated
	No demo accounts offered
	Spreads not competitive
	No MT4/5

Is 60op Legit?

　　No, 60op is currently an unregulated broker, which means that the safety of clients' funds and trading activities on the 60op platform are not protected in any way compared to those brokers that are strictly regulated.

What Can I Trade on 60op?

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Stock indices	✔
Some specific stocks	✔
Commodities	✔
Futures	✔
Cryptocurrencies	✔
Binary options	✔
Bonds	❌
ETFs	❌

Account Type

　　60op offers only one account type: Standard, with a minimum deposit requirement of $100.

Leverage

　　The leverage of 60op is capped at 1:200. Note that high returns and high losses always result from high leverage.

Spread

　　60op's spread fluctuates around 1.8-2.0 pips on EUR/USD pair, which is higher than the average spreads (1.5 pips) offered by other traders.

Other Fees

　　There is a dormant account fee of $60 monthly needing to be charged after half a year.

Trading Platform

　　60op offers traders a browser-based online trading platform - Greating Charting - a trading platform with a charting package that allows traders to use all analytical tools and indicators and is a software solution used by many brokers & cryptocurrency exchanges.