WealthFX

WealthFX Information

Wealth FX is a Forex broker. It offers a variety of trading products including Forex, Indices, Stocks, Gold, Natural Gas, Crude Oil. It also provides 6 account types.

Pros And Cons

Is WealthFX Legit?

You need to note that according to wikifxs investigation, WealthFX is currently not regulated by any recognized financial authorities.

What Can I Trade on WealthFX?

After opening an account with WealthFX, you can trade several products including Forex, Indices, Stocks, Gold, Natural Gas, Crude Oil.

Account Type

• About Real Account:

WealthFX offers six account types: BRONZE, SILVER, GOLD, DIAMOND, PLATINUM, ECN.

BRONZE: The Bronze account requires a minimum deposit of $100, trades are swap-free and there are no commissions, and the spread is 3.

SILVER: The Silver account requires a minimum deposit of $500, trades are swap-free and there are no commissions, and the spread is 2.5.

GOLD:The Gold account requires a minimum deposit of $1000, trades are swap-free and there are no commissions, and the spread is 2.

DIAMOND:The Diamond account requires a minimum deposit of $2000, trades are swap-free and there are no commissions, and the spread is 1.5.

PLATINUM:The Platinum account requires a minimum deposit of $5000, trades are swap-free and there are no commissions, and the spread is 1.

ECN:The minimum deposit amount of the original account ECN is $10,000, there is no swap in the transaction, and a handling fee of $7 is charged.

• About Demo Account:

WealthFX offersdemo accounts.

WealthFX Fees

Wealth FX offers variable but favorable spreads based on asset class and account type.

Spreads on Forex trading, which are affected by account type, are particularly tight at just 0.5 pips.

Depending on the account type, the spread range gradually narrows from 3 pips on Bronze accounts to 2.5 pips on Silver accounts, 2 pips on Gold accounts and 1.5 pips on Diamond accounts.

The spread is 1 pip for Platinum accounts and the original spread for ECN accounts.

Trading Platform

WealthFX provides traders with the popular MetaTrader 5 (MT5) trading platform. The MT5 platform is available on a variety of devices, including Android smartphones, desktop computers, and MAC devices.

Deposit And Withdrawal

Wealth FX provides convenient and flexible deposit options, letting traders to deposit funds 24/7 via Alipay or mobile online banking. The minimum deposit amount is $100 and the maximum deposit amount is $10,000.