SecureFx

SecureFx Information

SecureFx, which started in 2024, says it has offices in several places. It lets you trade over 500 instruments, including forex, metals, energies, indices, and shares. You can use leverage of up to 1:500 and platforms based on MetaTrader 5.

Pros and Cons

Is SecureFx Legit?

SecureFx is not a regulated broker. Although it appears to be registered in the UK, it is not licensed by any of the country's financial regulatory bodies, including the Financial Conduct Authority (FCA).

According to WHOIS records, the domain securefx.ca was registered on February 6, 2024 and will expire on February 6, 2026. The current state is “client delete prohibited,” “client transfer prohibited,” and “client update prohibited.”

What Can I Trade on SecureFx?

SecureFx provides over 500 products. It lets you trade CFDs on more than 35 currency pairs, precious metals (gold, silver, platinum, and palladium), energies (crude oil, Brent, natural gas), major stock indices (Dow Jones, S&P 500, NASDAQ 100), individual stocks (AAPL, TSLA, etc.), through the MT5 platform.

Account Types

SecureFx has three types of active accounts (with a demo account available), but it doesn't say anything about an Islamic (swap-free) account.

Leverage

On Standard and VIP accounts, leverage goes up to 1:500, and on ELITE account, it goes up to 1:200. When you use high leverage, both gains and losses get bigger.

SecureFx Fees

In general, SecureFx's trading costs are low to medium. The company says that the EUR/USD spreads can be as low as 0.1 pips, but in reality, they are 2 pips for Standard Account, 1 pip for VIP, and 0.01 pips + $4 in commission for ELITE.

Trading Platform

Deposit and Withdrawal

There are no deposit fees with SecureFx. The minimum deposit 100 USD/AED.