BankDeFx Forex Broker

Note: BankDeFx's official website - https://bankdefx.com is currently inaccessible normally. BankDeFxReview Summary Founded2021 Registered Country/RegionChina RegulationNo regulation Market InstrumentsForex, etc. Demo Account/ LeverageUp to 1:20 SpreadFrom 2.8 pips Trading PlatformWeb-based Min Deposit$250 Customer Support/ Founded in 2021, BankDeFx is an unregulated forex broker registered in China, offering forex trading with leverage up to 1:20 and spread from 2.8 pips via a web-based platform. The minimum deposit requirement is up to $250.Pros and Cons Pros Cons Popular payment optionsInaccessible website Lack of valid regulation Wide spreads Not support MT4 or MT5 High minimum deposit No contact channelIs BankDeFx Legit? No, BankDeFx is not regulated. Moreover, FMA (a financial authority in Austria) issued a warning notice about this company. Therefore, please be aware of the potential risks.Leverage The leverage can be up to 1:20, which is relatively low. However, customers still need to be careful, because high leverage may bring high potential risks.Trading Platform BankDeFx uses its own web-based trading platform. Trading PlatformSupported Available Devices Suitable for Web Trader✔Web/ MT4❌/Beginners MT5❌/Experienced tradersDeposit and Withdrawal BankDeFx supports several payment options, including credit/debit cards, Skrill, Neteller, and wire transfers. The minimum deposit is $250, but other details, such as the minimum withdrawal, the processing time, and fees, are not clear.