CompaqFX Information Revealed

CompaqFX | 2024-10-15 17:48

Extrait：CompaqFX is an unregulated broker based in the United Kingdom that supports you to trade five types of market instruments with a minimum deposit of $100 through MT5.

Note: CompaqFX's official website: https://compaqfx.com/ is currently inaccessible normally.

CompaqFXReview Summary
Founded	2022
Registered Country/Region	United Kingdom
Regulation	Not regulated
Market Instruments	Forex, Stocks, Indices, Commodities, Cryptocurrencies
Demo Account	✔
Leverage	Up to 1:500
Spread	From 1.5 pips
Trading Platform	MT5
Min Deposit	$100
Customer Support	Email: info@compaqfx.com
	Phone: +44 7401 214549
	Twitter: https://twitter.com/compaqfx
	Facebook: https://www.facebook.com/compaqfx/
	Instagram: https://www.instagram.com/compaqfx/
	Physical Address: 10/F., Tower A, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong

CompaqFX is an unregulated broker based in the United Kingdom that supports you to trade five types of market instruments with a minimum deposit of $100 through MT5.

Pros and Cons

Pros	Cons
Multiple trading choices	No Legal regulation
Demo accounts	Charges commissions on US and Canadian stocks
MT5 support	Charges deposit handlings
Comprehensive contact channels	Lack of transparency
	Unavailable website
	Limited account types

Is CompaqFX Legit?

CompaqFX operates without a legal regulatory license, so you are advised to choose a legally regulated broker and avoid such unregulated broker.

What Can I Trade on CompaqFX?

CompaqFX offers five types of trading instruments, including forex, commodities, indices, etc. and you can look for more details in the following table.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Stocks	✔
Mutual Fund	❌
Futures	❌

Account Type

CompaqFX offers two types of live accounts (cent account and standard account) and a demo account for you to practice in a risk-free environment.

Account Type	Min Deposit	Max Leverage
CENT	$500	1:300
STANDARD	$100	1:500

Leverage

CompaqFX offers different leverage for its different trading accounts. For the Cent account maximum leverage is 1:300, while for the Standard account, it is 1:500. However, high leverage means high risk, and you must be cautious.

Trading Platform

CompaqFX offers the MT5 trading platform, a globally renowned platform in the industry. However, whether CompaqFX has obtained the legal permission to use MT5 remains unknown, since this broker holds no regulatory license.

Trading Platform	Supported	Available Devices
MT5	✔	Computer and phone
MT4	❌	/
cTrade	❌	/

Deposit and Withdrawal

CompaqFX offers a wide range of deposit and withdrawal methods, including bank wire, credit card, debit card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, and China UnionPay. There are no fees for bank wire or credit card deposits, but fees may apply for other deposit methods.

Leverage Broker