Spring-Some important Details about This Broker

Since Springs official website (https://www.springinforex.com/) cannot be opened for now, we could only piece together the rough picture of this forex broker by gathering some relevant information from other websites.

General Information

Registered in Hong Kong, Spring (or “Spring Forex”) presents itself as a forex and CFD broker offering its clients access to a series of trading instruments through the advanced MT5 trading platform. With the Spring platform, there are two trading accounts are on offer: STP and ECN, and the minimum deposit to trade with this broker is $100.

Spring is operated by a company named Spring Inc. a company registered in Hong Kong. However, this company does not hold any regulatory license to show that it operates legally.

Account Types

Two trading accounts are on offer: STP Standard and ECN Expert. To open a standard account, an acceptable deposit of $100 is all you need, and this types account is suitable for all types of traders. To open an ECN account, the requirement become much higher, asking for $5,000.

Leverage

Problematically, Spring allows its clients to use the maximum trading leverage up to 1:400, which is much higher than most regulatory authorities restriction on leverage, with the maximum leverage for major pairs up to 1:30 in Europe and Australia, 1:50 in Canada and U. S.

Since leverage can magnify gains well as losses, it is wise for beginners to choose a smaller size no more than 1:10 until they gain more trading experience.

Trading Platform

When it comes to trading platform available, Spring forex offers its clients the industry-leading MT5 trading platform, featuring powerful charting package, user-friendly interface, as well as EA supported for traders to automate trading during all sessions.

Customer Support

Worryingly, traders with inquiries or trading-related issues can only get in touch with Spring through the following emails:

CS@SPRING-MARKETS.COM

CS@SPRINGINFOREX.COM

Other more direct contact channels, like telephone, Whatsapp, are not available.

Negative Reviews

Many traders complaint that they were defrauded by Spring for being unable to withdraw their deposited money, which means this Spring is a platform full of negative reviews, please be aware of the risk. Come to WikiFX to see the whole story.

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.