Ikhtisar:Discovery Forex Limited founded Discovery FX in 2018 in Hong Kong. It provides two trading asset classes: Spot Rolling FX and Precious Metals. Besides, it also offers demo accounts and high leverage of 1:1000. However, it is not regulated and its minimum deposit is as high as $200.
Discovery FX Review Summary | |
Founded | 2018 |
Registered Country/Region | Hong Kong |
Regulation | Not regulated |
Market Instruments | Spot Rolling FX, Precious Metals |
Demo Account | ✅($10,000 in virtual fund) |
Leverage | 1:1 - 1:1000 |
EUR/USD Spread | 1.0 - 3.0 pips |
Trading Platform | MT4, MT5 |
Copy Trading | ✅ |
Min Deposit | $200 |
Customer Support | Tel: +852 6889 6237 |
Email: info@discovery-forex.com | |
Social media: X, Facebook and Instagram |
Discovery Forex Limited founded Discovery FX in 2018 in Hong Kong. It provides two trading asset classes: Spot Rolling FX and Precious Metals. Besides, it also offers demo accounts and high leverage of 1:1000. However, it is not regulated and its minimum deposit is as high as $200.
Pros | Cons |
Demo accounts offered | Not regulated |
Flexible leverage ratios | Limited trading assets |
MT4 and MT5 offered | High minimum deposit |
Copy trading | Limited payment options |
No fees for deposits and withdrawals |
No, Discovery FX operates without regulation. Traders should be cautious because Discovery FX is not supervised by any financial authorities.
Tradable Instruments | Supported |
Spot Rolling FX | ✔ |
Precious Metals | ✔ |
Commodities | ❌ |
Indices | ❌ |
Stocks | ❌ |
Cryptocurrencies | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
Discovery FX offers two account types: Standard and Nano spread. It also offers demo accounts.
Account Type | Account Currency | Min Deposit | Min Withdrawal | Spread | Transaction Fee | Opening/Maintenance Fee |
Standard | USD, JPY | $200 | $US100, JPY10,000 | / | ❌ | ❌ |
Nano spread | $200 | Nearly 0 | $3/lot | ❌ |
Discovery-FX provides flexible leverage from 1:1 to 1000:1. Note that the higher the leverage, the more profits and losses.
Leverage | Total Effective Margin |
1:1 to 1:1000 | USD 5 - USD 20,000 / JPY 500 - JPY 2,000,000 |
1:1 to 1:200 | USD 20,001 ~ USD 100,000 / JPY 2,000,001 ~ JPY 10,000,000 |
1:1 to 1:100 | USD 100,001 ~ USD 200,000 / JPY 10,000,001 ~ JPY 20,000,000 |
1:1 to 1:50 | 200,001 USD or more / 20,000,001 JPY or more |
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Web, Desktop, Mobile | Beginners |
MT5 | ✔ | Web, Desktop, Mobile | Experienced traders |
Discovery-FX supports deposits and withdrawals via bitwallet, overseas remittance and bank transfer. No fees for deposits and withdrawals.
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