EuromaxFX-Overview of Minimum Deposit, Spreads & Leverage
Abstract：EuromaxFX is a broker that offers trading in more than 20 currency pairs, as well as precious metals on the standard MT4 platform. The company behind the brand is Euromax Commercial Corp., which does not fall under any regulatory agency.
General Information & Regulation
EuromaxFX is a broker that offers trading in more than 20 currency pairs, as well as precious metals on the standard MT4 platform. The company behind the brand is Euromax Commercial Corp., which does not fall under any regulatory agency.
Markets Instruments
EuromaxFX offers trading in more than 20 currency pairs, as well as precious metals.
Minimum Deposit
The minimum deposit for opening a basic account is as low as $10, which seems quite affordable for most regular traders. However, since EuromaxFX is an regulated broker, traders are not advised to register real trading accounts here.
Leverage
The maximum leverage offered by EuromaxFX is quite generous. Unregulated brokers always offer generous leverage to attract traders. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
EuromaxFXs fixed spreads are average – 2.0 pips on EUR/USD. In comparison, most legit brokers offer average spreads of 1.2 pips on its commission-free accounts. Variable spreads are generally tighter than fixed ones, however they widen during news releases and times of low liquidity.
Trading Platform Available
EuromaxFX offers its clients the most popular software in the forex industry – MetaTrader 4, available as desktop and mobile versions. The MT4 Terminal is a perfectly equipped and provides the all necessary tools and features to analyze price dynamics of financial instruments, make the trade transactions, and create and use automated trading programs (Expert Advisors).
Deposit& Withdrawal
EuromaxFX offers its clients the following payment modes: credit/debit card (Visa, MasterCard), bank wire transfer, and e-wallets Skrill, and Neteller.
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