SFEX-Overview of Minimum Deposit, Spreads & Leverage

General Information

SFEX, whose full name is Super finance Exchange Global LLC, is incorporated Saint Vincent and the Grenadines. SFEX presents itself as an innovative global asset exchange, allowing its customers to enjoy the award-winning MetaTrader4 platform, leverage as high as 1:100, tight spreads and competitive commissions, as well as 24×7 customer support services.

Market Instruments

SFEX advertises that it offers a wide range of trading global assets, which includes but are not limited to forex, stocks, index, futures, precious metals, commodities, digital currencies and cryprocurrencies

Tools

SFEX states that it provides diverse tools to boost trading, including API labs, multi-account management software, trading sentiment index and trading indicators.

Account Types

Apart from demo accounts with minimum deposit requirement of $1,000, there are two live trading accounts offered by SFEX, namely VIP and ECN. The VIP account is divided into three different VIP plans. VIP plan for 1 Month charges $24.9, while 12 Months with $20.75 per month and 6 Months with $23.1 per month. It also provides free VIP account application for a limited time. While the ECN account was built for professional traders.

Leverage

According to SFEXs site, we found that different forex currency pairs enjoy different leverage ratios. For instance, four classes of currency pairs consist of EUR/USD, USD/JPY, GBP/JPY and XAU/USD enjoy the maximum leverage as high as 1:100. However, too high leverage does not always do good for traders, especially for inexperienced traders, because gains and losses always keep consistent.

Spreads & Commissions

Spreads and commissions are significantly affected by what type of accounts you are holding. For example, the spreads of EUR/USD in the VIP account is floating around 0.6 pips, while the ECN account is floating around 0.1 pips. Likewise, traders joining VIP will enjoy 0 commission institution trading environment, while the ECN account with a small commission of $3 per lot payable per side.

Trading Platform Available

When it comes to trading platforms available,SFEX gives traders three choices: Metetrader4 for windows, Metetrader 4 for iOS and Metetrader 4 for Android. MT4, widely recognized as the worlds favorite forex trading platform, offering an easy-to-use user interface, enhanced charting functionality, indicators and supports MQL language.

Deposit & Withdrawal

SFEX accepts deposit via USDT and bank wire transfer, withdrawal through UnionPay and bank wire. The minimum deposit to open a real account is $100.

Fees

SFEX‘s website shows that it will not charge any fees for deposited funds. However, depositing funds in different ways may incur other costs due to your deposit method or its related intermediary bank. By contrast, every VIP customer has a free wire transfer withdraw once a month and the second withdrawal will charge a fee of US$20 per transaction, while it is completely free to transfer via UnionPay. It also requires some inventory fees and more details can be found on SFEX’s official site.

Customer Support

You can get in touch with SFEX‘s customer support through email: info@sfex.vip, partner@sfex.vip. What’s more, you can also follow this broker on some social media platforms such as Facebook, Twitter, YouTube, TradingView and GitHub. Company address: First Floor, First St. Vincent Bank Ltd Building, P. O Box 1574, James Street, Kingstown, St. Vincent & the Grenadines. However, this broker doesnt provide any information about phone while most brokers offer.