SETFX Forex Broker keeps up-to-date with the latest trading account information, including MICRO, MINI, STANDARD, PROFESSIONAL maximum leverage of 1:100, trading varieties, and more
Rating Index
Pros
Various financial offerings: Setfx provides access to both forex and securities markets, allowing traders to diversify their portfolios.
Flexible trading solutions: The broker offers grey label solutions, making it easier for users to set up their own trading platforms.
User-friendly interface: Setfx is designed to facilitate a smooth trading experience with accessible technology and support.
Cons
Lack of regulatory oversight: Setfx operates without regulation from any financial authority, exposing traders to higher risks of fraud and inadequate investor protection.
Inaccessible official website: The broker's official website is currently not accessible, creating hurdles for users seeking essential information.
Limited transparency: With no clear information on account specifications or financial requirements, potential clients may find it challenging to assess the broker's reliability.
SETFX broker Accounts
MICRO
Environment
--
Currency
--
Maximum Leverage
1:100
SupportedEA
Minimum Deposit
Minimum deposit $100
Minimum Spread
2 Pip
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
--
Products
USD
MINI
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
Minimum deposit $1000
Minimum Spread
2 Pip
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
--
Products
USD
STANDARD
Environment
--
Currency
--
Maximum Leverage
1:100
SupportedEA
Minimum Deposit
Minimum deposit $500
Minimum Spread
2 Pip
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
--
Products
USD
PROFESSIONAL
Environment
--
Currency
--
Maximum Leverage
1:100
SupportedEA
Minimum Deposit
Minimum deposit $10000
Minimum Spread
2 Pip
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
--
Products
USD
Setfx Account Type
Setfx offers four different types of trading accounts to cater to varying trader needs and experience levels:
- Micro Account:
- Minimum Deposit: $100
- Maximum Leverage: 100:1
- Suitable for beginners who want to start trading with a smaller capital.
- Standard Account:
- Minimum Deposit: $500
- Maximum Leverage: 100:1
- Ideal for traders with some experience looking to trade larger volumes.
- Mini Account:
- Minimum Deposit: $1,000
- Maximum Leverage: 1:500
- Designed for more experienced traders who are comfortable with higher leverage.
- Professional Account:
- Minimum Deposit: $10,000
- Maximum Leverage: 100:1
- Tailored for professional traders seeking advanced trading options.
- Choose Your Account Type:
- Decide which of the four account types (Micro, Standard, Mini, Professional) best suits your trading needs.
- Complete the Application:
- Visit the Setfx website and fill out the online application form with your personal information.
- Fund Your Account:
- Make the minimum initial deposit according to the account type you selected.
- Verification:
- Provide any required identification documents for account verification.
- Start Trading:
- Once your account is verified and funded, you can begin trading on the Setfx platform.
The minimum spreads for the EUR/USD pair are reported to be 2 pips.
Setfx Broker Account Opening Process
To open an account with Setfx, follow these steps:
For customer support, you can reach out via email at support@setfx.ae.
SETFX Similar Broker Accounts
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SETFX accounts can be viewed for products that can be traded USD accounts with a minimum deposit of Minimum deposit $100 by (2+) --.