PSFX-Overview of Minimum Deposit, Leverage, Spreads

General Information

Registered in Saint Vincent and the Grenadines, PSFX is an online forex broker offering a series of trading instruments, including c Currency Pairs, Stocks, Metals, Commodities, Indices. With PSFX, investors have the flexibility to choose from three trading accounts, and the maximum leverage that can be used is up to 1:400.

Market Instruments

PSFX offers its clients access to more than 300 trading instruments, including Currency Pairs, Stocks, Metals, Commodities, Indices, all available through this brokerage platform.

Account Types

PSFX provides a total of three types of trading accounts to suit its clients different trading needs, including Executive, VIP and Pro.

The Executive account requires an initial deposit of $100, which is acceptable. While the VIP and the Pro account ask for high deposit, from $15,000 and $30,000, respectively.

Aside from live trading accounts, demo accounts are also available with the PSFX platform for newcomers to get a feel of this platform and practice their trading skills.

A swap-free account with a 10-day period of validity is available.

Leverage

When it comes to leverage, PSFX permits traders to use leverage of up to 1:400, which is significantly higher than the levels regarded appropriate by many regulators.

As leverage can also cause serious fund losses, it is important for inexperienced traders to choose the proper amount that they feel most at ease.

PSFX also offers a tired margin system, which is displayed as below:

Spreads

Commission and spreads on the PSFX platform are tied to the type of trading account you have, as is the case with most other forex brokers. The Executive and VIP accounts provides a commission-free trading environment, with spreads from 1.4 pips and 0.9 pips, respectively. The Pro account charges both spreads and commissions, spreads from 0.2 pips, commission at $60 per 1 million on FX.

Trading Platform

PSFX provides its clients access to the leading MT5 trading platform and some features and functionalities of the MT5 trading platform include the following:

• User friendly and high-customized

• Multiple technical indicators, and robust charting tools

• Free EA hosting capabilities

• Web and mobile trading support

Customer Support

Traders can reach out to PSFX about any questions or concerns they may have about their accounts or their trading through the following methods:

Email: info@psfxpro.com

Registered Company Address: PSFX INTERNATIONAL LLC

Suit 305, Griffith Corporate Center, Beachmount, Kingstown

Or you can follow this brokerage house on some social media platforms, such as Facebook, Instagram, Twitter, Youtube, Linkedin.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.