Alain Fx Spreads, leverage, minimum deposit Revealed

　　General Information & Regulation

　　AlainFX is a UK-based broker founded in 2015, offering investors to trade a range of financial assets, including Forex, Indices, Commodities, etc. AlainFX is registered in St. Vincent and is currently unregulated.

　　Market Instruments

　　AlainFX offers investors more than 60 financial instruments, mainly Forex currency pairs, indices, commodities, CFDs, and stocks.

　　Minimum Deposit

　　AlainFX offers three different trading accounts: Basic (with a minimum deposit of $100), Economic (with a minimum deposit of $500), and Classic (with a minimum deposit of $10,000).

　　AlainFX Leverage

　　AlainFX offers the flexible trading accounts. For the basic account, traders can choose the leverage level from 1:1400. The economic account offers the maximum leverage of up to 1:200, the classic account featuring the trading leverage at 1:100. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

　　Spreads & Commissions

　　Currency pairs spreads listed on the AlainFX seem a little bit wide, the spread on EURUSD pair around 1.8 pips, EUR/GBP pair around 3 pips, all higher than sector standard. Spreads also vary depending on various trading accounts. The spread in the Basic account starts from 2.5 pips, and spreads in the Economic and the Classic accounts seems tighter, from 1.7 pips and 0.9 pips, respectivey.

　　Trading Platforms

　　AlainFX offers traders the world's leading MT5 trading platform, with 40 built-in technical indicators, 44 analytical targets, and the ability to provide candlestick, line, and bar charts with more time frames. This MT5 is compatible with Android and iOS Mobile, allowing trading anytime and anywhere.

　　Deposit & Withdrawal

　　AlainFX supports a range of convenient deposit and withdrawal methods, including VISA, MasterCard, American Express, WebMoney, NETELLER, China UnionPay, Skrill, local deposit, ideal, GiroPay, etc. AlainFX does not charge clients any commission for withdrawals or deposits. AlainFX does not charge any commission for deposits & withdrawal, and it takes 3 to 7 days to withdraw funds.