Platinex-Overview of Minimum Deposit, Spreads & Leverage

Unavailable Official Website

Since Platinexs official website cannot be opened for the moment, we could only piece together information from other websites to get a rough idea of this brokerage platform.

General Information

Platinex is an online forex broker registered in Dominica, offering its clients forex related services. Since this brokers website is unaccesible for the moment, we could get minimal information.

In terms of regulation, this trading brand is owned and operated by a company called Lite Group LTD, WIKIFX shows that this forex broker is not subject to any regulation, please be aware of the risk.

Account Types

Three trading accounts are available with brokerage platform: Standard, Pro and Expert. The Standard account requires a minimum deposit of $250, which is suitable for traders with all trading levels and experiences. The Pro and Expert accounts are designed for professional and advanced traders, requiring a minimum deposit of $2500 and $25,000, respectively.

Leverage

The maximum trading leverage offered by Platinex is up to 1:100, which could satisfy even the most aggressive trading strategy. High leverage is pursued by professional traders and scalpers, as it presents more trading flexibility. However, it can also cause to serious fund losses, especially to inexperienced traders. Therefore, it is essential that traders select the proper leverage amount that they feel most ease with.

Spreads

Spreads are determined by trading accounts you are holding. The spread with the Standard account starts from 1.1 pips, in line with the industry standards. The Pro account requiring more balance offers relatively low spreads, from 0.6 pips, while the spreads offered by the Expert account are not disclosed.

Trading Platform

When it comes to trading platforms available, Platinex offers its clients access to the leading MT4 trading platform. Powerful charting capabilities, multiple different technical indicators and intraday analysis tools, are available through the MT4 trading platform.

Contact Information

The only way Platinex can be reached is through an email it offers: support@platinex.co.

Registered Address: 8 Copthall, Roseau Valley 00152, Commonwealth of Dominica.