TudoFX -The overview of minimum deposit, leverage, spreads
abstrak：TudoFX was established in Australia in 2021 and is not regulated. It offers forex currency pairs, CFDs, and cryptocurrencies trading and supports the mainstream trading platform MT4. Its leverage is 1:100, with a high spread of 2.4 pips on the Basic account and a minimum deposit of 250 USD.
Note: TudoFX's official website: https://tudofx.com/ is currently inaccessible normally.
| TudoFXReview Summary | |
| Founded | 2021 |
| Registered Country/Region | Australia |
| Regulation | Unregulated |
| Market Instruments | Forex currency pairs, CFDs, cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:100 (forex) |
| Spread | 2.4 pips (Basic account) |
| Trading Platform | MT4 |
| Min Deposit | $250 |
| Customer Support | Tel: +611800575035 |
| Email: support@tudofx.com | |
TudoFX was established in Australia in 2021 and is not regulated. It offers forex currency pairs, CFDs, and cryptocurrencies trading and supports the mainstream trading platform MT4. Its leverage is 1:100, with a high spread of 2.4 pips on the Basic account and a minimum deposit of 250 USD.
Pros and Cons
| Pros | Cons |
| Flexible leverage ratios | Inaccessible website |
| MT4 platform | Unregulated status |
| Wide spreads | |
| No commission-free account | |
| High minimum deposit | |
| No popular payment options | |
| High withdrawal fee | |
| Inactivity fee charged |
Is TudoFX Legit?
No, TudoFX is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.
What Can I Trade on TudoFX?
| Tradable Instruments | Supported |
| Forex currency pairs | ✔ |
| CFDs | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
TudoFX offers five types of accounts: Basic, Silver, Gold, Platinum, and VIP.
| Account Type | Min Deposit | Max Deposit |
| Basic | $250 | $2,499 |
| Silver | $2,500 | $9,999 |
| Gold | $10,000 | $74,999 |
| Platinum | $75,000 | $149,999 |
| VIP | $150,000 | $Unlimited |
Leverage
| Account Type | Forex Leverage | Crypto Leverage |
| Basic | 1:50 | 1:1-1:2 |
| Silver | 1:100 | 1:3-1:5 |
| Gold | 1:5-1:10 | |
| Platinum | 1:10-1:20 | |
| VIP |
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread and Commission
| Account Type | Min Spread | Commission |
| Basic | 2.4 pips | 5% |
| Silver | 2.1 pips | 4% |
| Gold | 1.8 pips | 3% |
| Platinum | 0.6 pips | 2.5% |
| VIP | 2.2 pips | 1.5% |
Trading Platform
TudoFX claims to provide a very advanced trading platform and industry-standard MetaTrader4. However, its authenticity is in doubt.
| Trading Platform | Supported | Available Devices | Suitable for |
| WebTrader | ✔ | Web | / |
| MT4 | ✔ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
There are two options in the Tudofx deposit menu – cryptocurrencies and payment methods specific to Brazil – Ted, Pix and Boleto.
The fees for withdrawal and deposit are not fixed, but vary with the requirements of TudoFX.
According to the terms and conditions of TudoFX, a high fee of 5% is charged for each withdrawal from the account. It also stipulates that all funds in the account, except for the funds directly deposited, including any profits, are not considered as the client's funds, and Tudofx has the right to “reclaim any and all such funds.”
Fees
If the account is inactive for more than 90 days, a fee of 10% or 100 USD (whichever is higher) is charged monthly.
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