Blockex-Overview of Minimum Deposit, Leverage, Spreads
Abstract：Blockex is an unregulated online forex broker based in the United Kingdom, operating for 2-5 years. It offers a variety of trading instruments, including forex, CFDs, stocks, and metals, with leverage up to 1:500.
| Blockex Review Summary | |
| Company Name | Blockex |
| Registered Countries | United Kingdom |
| Founded | 2-5 years |
| Regulation | Unregulated |
| Minimum Deposit | $100 |
| Maximum Leverage | 1:500 |
| Minimum Spread | 0.6 pips |
| Payment Methods | Crypto Wallets, Skrill, Neteller, MasterCard, VISA, American Express, iDeal, Webmoney, BPAY, Discover, and Western Union |
| Customer Support | telephone: +1(231) 844-9949 |
| email: support@blockextrade.com | |
Blockex Information
Blockex is an unregulated online forex broker based in the United Kingdom, operating for 2-5 years. It offers a variety of trading instruments, including forex, CFDs, stocks, and metals, with leverage up to 1:500.
Pros and Cons
| Pros | Cons |
| Offers over 10 trading products | Unregulated |
| Provides over 10 payment methods | Minimum deposit of $100 |
| Offers an online trading platform (Blockxtrade Web Trader) |
Is Blockex Legit?
Blockex's corporate domain (blockex.com) is registered through Gandi SAS, with a registration date of October 3, 2014, and an expiration date of October 3, 2024. Currently, Blockex is unregulated.
What Can I Trade on Blockex?
Blockex offers more than 10 trading products, including forex, CFDs, Stocks, Cryptocurrencies, Metals, Indices, Commodities, Futures, Shares, Energies, Bonds.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Futures | ✔ |
| Shares | ✔ |
| Energies | ✔ |
| Bonds | ✔ |
Account Types
Blockex provides four account types—Classic, Standard, Premium, and VIP. It offers leverage of up to 1:500 across all account types, from Classic to VIP.
| Account Type | Minimum Deposit | Spreads | Leverage | Scalping | Stop Out | Swap Free | Minimum Trade Size |
| Classic | $100 | From 1.9 pips | Up to 1:500 | No | 50% | Yes | 0.10 lot |
| Standard | $1,000 | From 1.5 pips | Up to 1:500 | Yes | 50% | Yes | 0.01 lot |
| Premium | $2,500 | From 1.2 pips | Up to 1:500 | Yes | 50% | Yes | 0.10 lot |
| VIP | $5,000 | From 0.6 pips | Up to 1:500 | Yes | 50% | Yes | 0.10 lot |
Spreads & Commissions
At Blockex, spreads vary depending on the type of trading account. However, the broker does not mention commission fees on its official website.
Classic Account: Spreads start from 1.9 pips.
Standard Account: Spreads start from 1.5 pips.
Premium Account: Spreads start from 1.2 pips.
VIP Account: Spreads start from 0.6 pips.
Trading Platform
Blockex offers the Blockxtrade Web Trader platform, which is available online and requires no downloads.
| Trading Platform | Supported | Available Devices | Suitable for |
| Blockxtrade Web Trader Platform | ✔ | Windows, Web Browser, Android, MAC, iOS, Online | Both Beginner and Experienced Trader |
| MT5 | ❌ | Mobile and Desktop（Windows & macOS） | Experienced Trader |
| MT4 | ❌ | Mobile and Desktop（Windows & macOS） | Beginner |
Deposit and Withdrawal
Blockex offers over ten payment methods, including Crypto Wallets, Skrill, Neteller, MasterCard, VISA, American Express, iDeal, Webmoney, BPAY, Discover, and Western Union, with no deposit fees. E-wallet payments are processed instantly, while bank transfers may take up to 5 working days to appear in the account.
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