Cryptospotfx-The overview of minimum deposit, leverage, spreads

General Information

Cryptospotfx is allegedly a forex broker based in Cyprus that provides its clients with the worlds most popular trading platforms, up to 1000:1 leverage, low spreads on 1000+ tradable assets, four different classes of tools, and 24×5 customer support services.

Market Instruments

Cryptospotfx advertises that it offers more than 1000 trading instruments including forex, CFDs, commodities, stocks, cryptocurrencies and binary options.

Leverage

In terms of trading 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.

Spreads

Cryptospotfx claims that it offers spreads from 0.0 pips on accounts. Also, from the interface at the bottom of home page, we can see that spread for EUR/USD pair is 0.2 pips.

Trading Platform Available

When it comes to trading platforms available,Cryptospotfx says to give traders two of the most popular platforms on the market: MetaTrader4 and MetaTrader5 on desktop, web and mobile devices. However, it seems that the platforms available were both unbranded, trial ones, offered directly from the website on the developers – MetaQuotes Software.

Tools

Cryptospotfx also offers its traders four different kinds of tools, containing Stock Screener, Forex Screener, Crypto Screener and Economic Calendar.

Deposit & Withdrawal

Cryptospotfx says it works with debit card, wire transfer, Bitcoin and more. There are no obvious options for using popular online payment platforms such as PayPal, Skrill, or Neteller. The minimum deposit amount is $1,000.

Customer Support

Cryptospotfx says it can be contact through telephone, email or online chat. However, we didnt find any specific telephone number or email address. Company address: Nearchos Court, Block D 2nd floor, 57 Athinon Ave, Cyprus.