BenefitFX

BenefitFX Information

BenefitFX, registered in the Marshall Islands, is a modern trading platform with an intuitive interface that provides clients with stocks, currencies, indices and commodities trading services.

Pros and Cons

Is BenefitFX Legit?

BenefitFXis not supervised by any financial institutions.

What Can I Trade on BenefitFX?

BenefitFX offers traders the opportunity to trade stocks, currencies(sixty currency pairs), indices(15 Index CFDs ) and commodities, metals, oil range and forex.

Account Types

BenefitFX provides five account types: Basic, Silver, Gold, Platinum, and VIP ECN. Initial deposit requirements for these account types are $250+, $1000+，$5000+，$25000+ and $100,000+ respectively.

Leverage

All account types offer 1:100 leverage, except for VIP ECN accounts which offer 1:10 leverage.

BenefitFX Fees

Basic accounts enjoy spreads as low as 2 pips, the same is true for silver accounts, while 1.5 pips for gold accounts, and 0.9 pips for platinum and VIP ECN accounts).

Starting with the Silver account, clients have the opportunity to receive awards from the company, ranging from 30% (Silver account) to 50% (Gold account) to 100% (platinum and VIP ECN account).

VIP ECN accounts are subject to additional coverage up to 50%.

Trade gold, silver and oil ranges enjoy a no-deposit-fees policy.

Deposit and Withdrawal

First withdrawals are free for basic accounts, silver accounts and gold accounts, while platinum accounts and VIP ECN customers enjoy free withdrawals.