FX Tray-Overview of Minimum Deposit, Leverage, Spreads

General Information

Established in 2021, FX Tray presents itself as a copy trading platform registered in Saint Vincent and the Grenadines, offering its clients easy access to diversified range of financial markets, such as currencies, Commodities, Cryptocurrencies, and Indices. FX Tray claims that it offers four types of accounts, with the minimum deposit of $100, leverage up to 1：500.

FX Tray is owned and operated by a company named FX Tray Market LLC under limited liability company number 1421 LLC 2021.

Is FX Tray safe to trade with？

FX Tray has let us down when it comes to enforcing rules and regulations. This broker has been confirmed to be outside of the purview of any regulatory bodies. In light of this lack of licensing, WikiFX has assigned it a regulatory status of “No License” and an overall quality rating of 1.13 out of 10.

Bear in mind that trading with an unregulated forex broker is a surefire way to lose your money. Before making any choice, investors are advised to check out a forex brokers regulatory status on WikiFX.

Market Instruments

FX Tray says it provides access to 6 classes of popular and mainstream financial instruments, Foreign Exchange, Metals, Indices, Cryptocurrencies, Spot CFDs all available through this brokerage platform. Detailed trading products are listed below:

Account Types

Four trading accounts are available with the FX Tray Platforms, namely Classic, Standard, ECN and Crypto.

Classic-This type of account is suitable for beginners or inexperienced traders, with its minimum deposit of $100, margin call: 100%, stop out: 50%.

Standard-This account is designed for those who are looking for traditional trading experience, and it asks for an initial deposit of $100 too. Margin Call: 100%, Stop Out: 50%.

ECN-The ECN account is ideal for professional traders who pursue superb trading environment, lower spreads, asking for an initial deposit of $500.

Crypto-This kind of account is designed for traders who like to focus on Cryptocurrencies only, and traders who want to try this account only need to fund $10 into the account.

How to get started trading with FX Tray？

Opening an account and start trading with FX Tray is an easy and simple process, with a few steps listed below:

1. Click the “Register” link, fill in the required information in the register account form.

2. Inject funds to your trading account using your preferable payment options.

3. Begin to trade with FX Tray in over 389 instruments.

Spreads & Commissions

Spreads and commissions are set in the end by trading accounts on the FX Tray platform. The Classic, Standard and ECN accounts offer a commission-free trading environment, accompanied by average spreads from 1.8 pips, 1.2 pips, and 1 pips, respectively.

Leverage

When it comes to leverage, FX Tray permits traders to use leverage of up to 1:500, which is significantly higher than the levels regarded appropriate by many regulators.

Don't assume that high leverage is always beneficial; it can magnify both your wins and your

losses.

Trading Platform

FX Tray provides the advanced MetaTrader 5 trading platform that can be accessed on any device, web, desktop, mobile app.

MT5 is a multi-asset platform that supports trading forex, crypto, stocks, indices, and commodities, and it features powerful tools for extensive price analysis, fundamentals & technical analysis, copy trading and use of algorithmic trading applications.

Customer Support

Traders can reach out to FX Tray about any questions or concerns they may have about their accounts or their trading through the following methods:

Telephone: +44-7418379273

Email: support@fxtray.com

Or you can keep up with this broker on some social media platforms, such as Facebook, Instagram, Twitter and Linkedin.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

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