Blockex-Overview of Minimum Deposit, Leverage, Spreads

Blockex Information

Blockex is an unregulated online forex broker based in the United Kingdom, operating for 2-5 years. It offers a variety of trading instruments, including forex, CFDs, stocks, and metals, with leverage up to 1:500.

Pros and Cons

Is Blockex Legit?

Blockex's corporate domain (blockex.com) is registered through Gandi SAS, with a registration date of October 3, 2014, and an expiration date of October 3, 2024. Currently, Blockex is unregulated.

What Can I Trade on Blockex?

Blockex offers more than 10 trading products, including forex, CFDs, Stocks, Cryptocurrencies, Metals, Indices, Commodities, Futures, Shares, Energies, Bonds.

Account Types

Blockex provides four account types—Classic, Standard, Premium, and VIP. It offers leverage of up to 1:500 across all account types, from Classic to VIP.

Spreads & Commissions

At Blockex, spreads vary depending on the type of trading account. However, the broker does not mention commission fees on its official website.

Classic Account: Spreads start from 1.9 pips.

Standard Account: Spreads start from 1.5 pips.

Premium Account: Spreads start from 1.2 pips.

VIP Account: Spreads start from 0.6 pips.

Trading Platform

Blockex offers the Blockxtrade Web Trader platform, which is available online and requires no downloads.

Deposit and Withdrawal

Blockex offers over ten payment methods, including Crypto Wallets, Skrill, Neteller, MasterCard, VISA, American Express, iDeal, Webmoney, BPAY, Discover, and Western Union, with no deposit fees. E-wallet payments are processed instantly, while bank transfers may take up to 5 working days to appear in the account.