TRADE FX

TradeFx Information

TradeFx is a forex brokerage based in Singapore that started in 2011. It gives traders access to a wide range of global markets, such as forex, commodities, indices, and cryptocurrencies. The broker offers three main types of accounts: Standard, Premium, and ECN. All of these accounts use the well-known MetaTrader 4 platform, which is available on desktop, mobile, and the web. TradeFx encourages fair trading by offering spreads as low as 0 pips (for ECN accounts), leverage as high as 1:1000, and quick trade execution that averages 0.13 seconds.

The company puts a lot of emphasis on customer service, offering 24/7 multilingual support through live chat, WhatsApp, and email. They also have educational materials and a promotion for a 20% deposit bonus (up to $5000) with clear rules and conditions. Even with these features, TradeFx is not currently regulated, which could make trading even riskier.

Pros and Cons

Is TradeFx Legit?

No. TradeFx is currently unregulated, meaning it does not hold licenses from recognized financial authorities. Traders should exercise caution and consider the risks before investing.

What Can I Trade on TradeFx?

Account Type & Leverage & Fees

Trade Fx provides 3 live accounts for users.

Demo accounts and Islamic accounts are also available.

Leverage can be extended up to 1:1000 depending on account settings. Note that higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial.

Besides, TradeFx offers commission-free accounts with competitive spreads starting from 1.5 pips on Standard, 0.8 pips on Premium, and 0.0 pips on ECN accounts.

Trading Platform

TradeFx provides popular MT4 trading platform for its users.

Deposit and Withdrawal

Trade Fx provides many payment methods for users, including Bitcoin, Tether, Skrill, Neteller, PayPal, Visa, and Mastercard. TradeFx asks for a minimum $100 deposit. The deposit fee and withdrawal fee are $0.