SupraFX-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

SupraFX is forex brokerage whose website isnt very informative. Many important details regarding the trading conditions and the company behind the operation appear to be missing SupraFX is based in Indonesia and operates without any license.

Markets Instruments

SupraFX advertises that it offers forex currency pairs, commodities, indices, stocks.

Minimum Deposit

When you open a trading account and click on the deposit button, the minimum amount for a deposit that shows is $100.

Leverage

SupraFX provides leverage of up to 1:100, and this would be enough for most traders. Although this is not generous, traders should take care to use it as leverage can double returns as well as potential risks.

Spreads & Commissions

From the bid/ask price for this currency pair, we can calculate that the spread is 4.0 pips. We must say that such spread will be to a great disadvantage to the traders as they wont be able to achieve sustainable profit in the long run.

Trading Platform Available

CiscoTrades appears to use some web-based trading interface instead of the beloved Metatrader 4 platform. It has become an industry-standard due to its sophisticated, yet simple-to-use features and the EAs used for automated trading.

Deposit& Withdrawal

The payment methods, as per the information on the website, include VISA, MasterCard, electronic wallets or wire transfer. There are no deposit or withdrawal fees. The typical withdrawal processing time is given to be up to 5 business days.