Cryptospotfx-The overview of minimum deposit, leverage, spreads
abstrak：Cryptospotfx is a broker registered in Cyprus. It uses MT4 and MT5 as its trading platforms, on which customers can trade forex, CFDs, commodities, stocks, cryptocurrencies, and binary options. The minimum deposit is $1,000, and the leverage can be up to 1:1000. However, this company is not regulated currently.
Note: Cryptospotfx's official website - https://cryptospotfx.com/ is currently inaccessible normally.
| Cryptospotfx Review Summary | |
| Founded | / |
| Registered Country/Region | Cyprus |
| Regulation | No regulation |
| Market Instruments | 1,000+, forex, CFDs, commodities, stocks, cryptocurrencies and binary options |
| Demo Account | / |
| Leverage | Up to 1:1000 |
| EUR/USD Spread | Floating around 0.2 pips |
| Trading Platform | MT4, MT5 |
| Min Deposit | $1,000 |
| Customer Support | 24/5 live chat |
| Address: Nearchos Court, Block D 2nd floor, 57 Athinon Ave, Cyprus | |
Cryptospotfx is a broker registered in Cyprus. It uses MT4 and MT5 as its trading platforms, on which customers can trade forex, CFDs, commodities, stocks, cryptocurrencies, and binary options. The minimum deposit is $1,000, and the leverage can be up to 1:1000. However, this company is not regulated currently.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | Inaccessible website |
| MT4 and MT5 provided | Lack of regulation |
| 24/5 live chat support | FCA black list |
| High minimum deposit | |
| Only crypto payment options |
Is Cryptospotfx Legit?
No, Cryptospotfx is is not regulated by the financial services regulatory authority in Cyprus, which means that the company lacks regulation from its registration site. Besides, Cryptospotfx was blacklisted by FCA. Please note the potential risks!
What Can I Trade on Cryptospotfx?
Cryptospotfx provides several types of products, including forex, CFDs, commodities, stocks, cryptocurrencies, and binary options.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Binary Options | ✔ |
| Indices | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
The maximum level offered by Cryptospotfx is much higher than most other brokers, up to 1000:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC, web, mobile | Beginners |
| MT5 | ✔ | PC, web, mobile | Experienced traders |
Deposit and Withdrawal
Cryptospotfx claims to support Skrill, PayPal, Neteller, VISA, and Mastercard. Nevertheless, it only accepts crypto coins.
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