Ipofxprime-Some Important Details about This Broker

General Information

Registered in the United Kingdom, Ipofxprime is an online trading platform providing access to various trading instruments, including forex, stocks, indices, crypto, commodities, and futures. With the Ipofxprime platform, a total of four types of trading accounts are available, Standard, Professional, Business and Business Plus, with the minimum to open a standard account from $200.

When it comes to regulation, obviously, Ipofxprime disappoints us, for it is not subject to any regulation. And thats why WikiFX has given it a very low score of 1.13/10.

Market Instruments

Ipofxprime provides investors access to various financial markets, a total of six classes of trading instruments covering Forex, Stocks, Indices, Cryptocurrencies, Commodities, Futures all available through this brokerage platform.

Account Types

Standard accounts, Professional accounts, Business accounts, and Business Plus accounts are available options for both retail and professional clients. The minimum deposit amount specifies the account type, with the Standard account from $200, the Professional account from $10,000, the Business account from $30,000, the Business Plus account from $100,000.

Besides, Professional, Business and Business Plus accounts come with 30% deposit, 50% deposit and 100% deposit, respectively.

Spreads & Commissions

Both spreads and commissions are charged on the Ipofxprime trading platform, and trading accounts set the commissions and spreads. With the standard account, average spreads on the EUR/USD pair start from 0.2 pips, with a commission of $16.

Leverage

When it comes to leverage, Ipofxprime provides its customers with access to 1:1000, which is far greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Trading Platform

Ipofxprime provides its clients a Webtrader, which allows clients to trade from their desktop or on-go with the most convenient trading platforms for any device.

Payment Methods

The minimum deposit is $200 to get started withIpofxprime, and this broker allows its clients to make a deposit and withdrawal through five payment options, including VISA, MasterCard, Bitcoin, Litecoin and Fast Bank Transfer.

Customer Support

Ipofxprimes client support team is available 24/5. For existing and new clients enquiries, they can drop an email through support@Ipofxprime.com, or follow this broker on some social media platforms, such as Facebook, Instagram, Linkedin, Telegram and Twitter.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

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

Pros & Cons

Frequently Asked Questions

What items can I trade with on Ipofxprime？

Ipofxprime provides access to Forex, Stocks, Indices, Cryptocurrencies, Commodities, Futures.

What is the minimum amount of currency I can deposit？

With Ipofxprime, minimum deposit amount is USD 200 for standard accounts.

What is the maximum leverage available？

With a live trading account at Ipofxprime, the traders can be benefitted with the maximum leverage of 1:1000.