Abstract:SoarFX is a forex broker registered in the United Kingdom, not established that long, with its operating time of between two and five years. SoarFX is said to be operated by a company named BLUESTAR INTERNATIONAL HOLDINGS LTD. The regulatory status of SoarFX is displayed as “No License”, as it has been verified that this broker is not authorized or regulated by any regulated authorities. Besides, SoarFX got a quite low score of 1.43/10 on WikiFX. Please be aware of the risk.
For now, we could only piece together a rough picture of SoarFX by looking up some important information on other websites since this brokers official website (https://www.soarfx.com/) was not available.
General Information
SoarFX is a forex broker registered in the United Kingdom, not established that long, with its operating time of between two and five years. SoarFX is said to be operated by a company named BLUESTAR INTERNATIONAL HOLDINGS LTD.
The regulatory status of SoarFX is displayed as “No License”, as it has been verified that this broker is not authorized or regulated by any regulated authorities. Besides, SoarFX got a quite low score of 1.43/10 on WikiFX. Please be aware of the risk.
Leverage
The leverage information is not mentioned. Leverage plays an important role in forex trading, as it can increase trading flexibilities, increasing profit potentials. However, it can also cause heavy fund losses, inexperienced are advised not to use too high leverage.
Trading Platform
Please note what SoarFX offers is not the leading MT4 or MT5 trading platform.
Deposit & Withdrawal
The minimum deposit required to invest with SoarFX is not disclosed. and this broker is vague on what payment processors it works with for clients to make a deposit and withdrawal.
Customer Support
For any inquiries, or trading-related problems, traders get in touch with SoarFX through the following channels:
Telephone: + 44-7513-110195
Email: support@soarfx.com
Risk Warning
Forex and Leveraged trading carries a high level of risks, and it is not suitable for all investors. Please note that the information contained in this article is for general information purposes only.
In Forex trading, even small fluctuations can make a significant difference, especially over the long term. One crucial factor that seasoned traders pay close attention to is the spread – the difference between the bid (selling) price and the ask (buying) price of a currency pair. While beginners may overlook its impact, experienced traders understand that spreads play a crucial role in trading costs, strategy selection, and overall profitability.
Analyzing last year's trading data offers invaluable insights into market trends, helps refine trading strategies, and enhances decision-making for future trades.
For new traders entering the world of forex, choosing the right broker is one of the most crucial decisions they’ll make. A reliable broker can serve as a trusted partner, providing a platform that’s secure, transparent, and regulated. However, with thousands of options available, selecting the right broker can be overwhelming. That is why WikiFX is here to make things easy for you!
In the world of online trading, a common misconception persists: trading is often seen as no different from gambling. This belief is particularly prevalent among newcomers, who may view the financial markets as a fast-paced game where winning is just a matter of luck. But trading, when done correctly, is far from mere chance!