IfineFX-Overview of Minimum Deposit, Leverage, Spreads

Note: IfineFX's official website:https://ifinefx.com is currently inaccessible normally.

IfineFX Information

IfineFX (Ifine Capital LTD) is a foreign exchange broker based in UK, offering a variety of trading tools in the financial market, including foreign exchange, stocks, commodities, indices, and cryptocurrencies. Its leverage ratio is up to 1:400.

Pros and Cons

Is IfineFX Legit?

According to WikiFX, the current regulatory status of IfineFX is unregulated.

What Can I Trade on IfineFX?

You can trade dozens of products including forex, stocks, commodities, indices and cryptocurrencies.

IfineFX Fees

As tested on the demo account of IfineFX, the spread for the EUR/USD was floating around 30 pips. However, on the home page of its official site, the broker claims to offer spreads as low as 0.2 pips.

Trading Platform

IfineFX said it will provide traders with the industry-standard MetaTrader4 and web-based trading platform.

But according to WikiFXs investigation, the download link for MetaTrader4 cannot be found anywhere.

Deposit and Withdrawal

IfineFX accepts deposits and withdrawals with credit cards and wire transfers. The minimum withdrawal amount is $100, while there is no minimum withdrawal amount specified. The withdrawal request is said to be processed within 5-10 days.