DealFx-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

This DealFx is an online broker registered in Australia, and is presented as a global award-winning broker offering trading forex and various CFDs on the popular MT4 platform. However, this broker is just an unregulated one. The DealFx website looks pretty neat, when it comes down to the entity behind the operation – there is no company name to be found anywhere.

Market Instruments

Tradable financial instruments available on the DealFx platform include forex currency pairs, commodities, indices, stocks

Minimum Deposit

DealFx advertises account tiers that start from $500, which is much higher than the industry standard. However, given the fact that this broker is an unregulated one, traders should stay away from it.

Leverage

DealFx advertises leverage levels of up to 1:400, which is more than enough for traders of all skill levels and preferences. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

The EUR/USD cost of trade is said to be 2.0 pips, which is higher than the average in the industry. And given that the brokers credibility level is below zero, traders should stay away from it no matter what spreads it offers.

Trading Platform Available

DealFx provides its traders with a distribution of the highly acclaimed Metatrader 4, as well as a browser-based platform. However, the downloadable version available on DealFX‘s website is provided by a third party and doesn’t allow demo trading.

Deposit & Withdrawal

It seems the broker accepts deposits via cards, wire transfer, Qiwi, Yandex Money and МИР. Take note that there is a minimum withdrawal amount of 200 USD/EUR if you use a credit card, and 500 USD/EUR for bank wire transfers.