Cryptospotfx-The overview of minimum deposit, leverage, spreads

WikiFX | 2025-01-03 15:42

摘要：Cryptospotfx is a broker registered in Cyprus. It uses MT4 and MT5 as its trading platforms, on which customers can trade forex, CFDs, commodities, stocks, cryptocurrencies, and binary options. The minimum deposit is $1,000, and the leverage can be up to 1:1000. However, this company is not regulated currently.

Note: Cryptospotfx's official website - https://cryptospotfx.com/ is currently inaccessible normally.

Cryptospotfx Review Summary
Founded	/
Registered Country/Region	Cyprus
Regulation	No regulation
Market Instruments	1,000+, forex, CFDs, commodities, stocks, cryptocurrencies and binary options
Demo Account	/
Leverage	Up to 1:1000
EUR/USD Spread	Floating around 0.2 pips
Trading Platform	MT4, MT5
Min Deposit	$1,000
Customer Support	24/5 live chat
Customer Support	Address: Nearchos Court, Block D 2nd floor, 57 Athinon Ave, Cyprus

Cryptospotfx is a broker registered in Cyprus. It uses MT4 and MT5 as its trading platforms, on which customers can trade forex, CFDs, commodities, stocks, cryptocurrencies, and binary options. The minimum deposit is $1,000, and the leverage can be up to 1:1000. However, this company is not regulated currently.

Pros and Cons

Pros	Cons
Diverse tradable assets	Inaccessible website
MT4 and MT5 provided	Lack of regulation
24/5 live chat support	FCA black list
	High minimum deposit
	Only crypto payment options

Is Cryptospotfx Legit?

No, Cryptospotfx is is not regulated by the financial services regulatory authority in Cyprus, which means that the company lacks regulation from its registration site. Besides, Cryptospotfx was blacklisted by FCA. Please note the potential risks!

What Can I Trade on Cryptospotfx?

Cryptospotfx provides several types of products, including forex, CFDs, commodities, stocks, cryptocurrencies, and binary options.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Commodities	✔
Stocks	✔
Cryptocurrencies	✔
Binary Options	✔
Indices	❌
Bonds	❌
Options	❌
ETFs	❌

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.