Cryptospotfx-The overview of minimum deposit, leverage, spreads

Note: Cryptospotfx's official website - https://cryptospotfx.com/ is currently inaccessible normally.

Cryptospotfx is a broker registered in Cyprus. It uses MT4 and MT5 as its trading platforms, on which customers can trade forex, CFDs, commodities, stocks, cryptocurrencies, and binary options. The minimum deposit is $1,000, and the leverage can be up to 1:1000. However, this company is not regulated currently.

Pros and Cons

Is Cryptospotfx Legit?

No, Cryptospotfx is is not regulated by the financial services regulatory authority in Cyprus, which means that the company lacks regulation from its registration site. Besides, Cryptospotfx was blacklisted by FCA. Please note the potential risks!

What Can I Trade on Cryptospotfx?

Cryptospotfx provides several types of products, including forex, CFDs, commodities, stocks, cryptocurrencies, and binary options.

Leverage

The maximum level offered by Cryptospotfx is much higher than most other brokers, up to 1000:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Trading Platform

Deposit and Withdrawal

Cryptospotfx claims to support Skrill, PayPal, Neteller, VISA, and Mastercard. Nevertheless, it only accepts crypto coins.