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FXPremax review

FXPremax review: regulation (Authorised and regulated by IFSA), minimum deposit 1, leverage up to 1:500, platforms and current bonuses.

Open account
Minimum deposit1
Max. leverage1:500
Spread from0.1

Trading conditions

Broker type
STP/ECN
Minimum deposit
1
Maximum leverage
1:500
Minimum spread
0.1
Platforms
MetaTrader 4 (MT4)
Account currencies
USD, EUR, BGN

Bonuses

No deposit bonus
No
Welcome bonus
Yes
Other promotions
Yes

Accounts and features

Demo account
Yes
Islamic account
Yes
Swap-free
Yes
Mini account
Yes
VIP account
Yes
Managed account
Yes
Segregated funds
Yes
Hedging and scalping
Yes
News trading
Yes
Mobile trading
Yes
Web trading
Yes

Deposits and withdrawals

Deposit methods
Bank Transfer , Moneybookers ,Visa, MasterCard,WebMoney ,Neteller ,
Withdrawal methods
Bank Transfer , Moneybookers ,Visa, MasterCard,WebMoney ,Neteller ,

Company

Regulation
Authorised and regulated by IFSA
Country
United Kingdom
Address
Address: 483 Green Lanes, London, N13 4BS
Website languages
English, French, Italian, Russian, Japanese, Portuguese, Arabic, Spanish
Phone
+442070971374
Email or Skype
[email protected]

FXPremax pros and cons

Pros

  • Regulated by Authorised and regulated by IFSA
  • Low minimum deposit: 1
  • Raw spreads from 0.1
  • Scalping and hedging allowed
  • Swap-free Islamic accounts available
  • Free demo account

Cons

  • No no-deposit bonus at the moment
  • Leverage up to 1:500 magnifies losses as well as profits
  • Conditions and bonuses can differ by regulated entity

FXPremax FAQ

Is FXPremax a safe and regulated broker?

FXPremax is regulated by Authorised and regulated by IFSA. Client funds are held in segregated accounts. Your protection depends on which FXPremax entity opens your account.

What is the minimum deposit at FXPremax?

The minimum deposit at FXPremax is 1. Payment providers may set their own minimum amount.

What is the maximum leverage at FXPremax?

FXPremax offers leverage up to 1:500. Regulators in the EU, UK and Australia cap retail leverage lower, usually at 1:30 on major forex pairs.

Does FXPremax offer a no deposit bonus?

No. FXPremax does not currently offer a no deposit bonus. It offers a welcome promotion: Yes. See our forex no deposit bonus list for brokers that do.

Which trading platforms does FXPremax offer?

FXPremax supports MetaTrader 4 (MT4). Mobile trading is available.

Does FXPremax allow scalping, hedging and news trading?

Yes. Scalping and hedging are allowed, and news trading is allowed.

Does FXPremax offer an Islamic (swap-free) account?

Yes. FXPremax offers swap-free Islamic accounts with no overnight swap charges.

Risk warning: Forex and CFD trading on margin carries a high level of risk and may not be suitable for all investors. Bonus offers are provided by third-party brokers and can change at any time.

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FXPremax – NoOpen account