TudoFX -The overview of minimum deposit, leverage, spreads

Note: TudoFX's official website: https://tudofx.com/ is currently inaccessible normally.

TudoFX was established in Australia in 2021 and is not regulated. It offers forex currency pairs, CFDs, and cryptocurrencies trading and supports the mainstream trading platform MT4. Its leverage is 1:100, with a high spread of 2.4 pips on the Basic account and a minimum deposit of 250 USD.

Pros and Cons

Is TudoFX Legit?

No, TudoFX is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

What Can I Trade on TudoFX?

Account Type

TudoFX offers five types of accounts: Basic, Silver, Gold, Platinum, and VIP.

Leverage

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread and Commission

Trading Platform

TudoFX claims to provide a very advanced trading platform and industry-standard MetaTrader4. However, its authenticity is in doubt.

Deposit and Withdrawal

There are two options in the Tudofx deposit menu – cryptocurrencies and payment methods specific to Brazil – Ted, Pix and Boleto.

The fees for withdrawal and deposit are not fixed, but vary with the requirements of TudoFX.

According to the terms and conditions of TudoFX, a high fee of 5% is charged for each withdrawal from the account. It also stipulates that all funds in the account, except for the funds directly deposited, including any profits, are not considered as the client's funds, and Tudofx has the right to “reclaim any and all such funds.”

Fees

If the account is inactive for more than 90 days, a fee of 10% or 100 USD (whichever is higher) is charged monthly.