BenefitFX Forex Broker

BenefitFX Review Summary Founded2-5 years Registered Country/RegionMarshall Islands RegulationUnregulated Market InstrumentsStocks, currencies(sixty currency pairs), indices(15 Index CFDs ) and commodities, metals, oil range and forex LeverageUp to 1:100 SpreadStarts from 0.9 pips Min Deposit$250 Customer SupportTelephone number： +7 499 609 12 59+7 495 045 43 76+44 20 376 94 016Email: support@benefitfx.ccinfo@benefitfx.ccBenefitFX Information BenefitFX, registered in the Marshall Islands, is a modern trading platform with an intuitive interface that provides clients with stocks, currencies, indices and commodities trading services.Pros and Cons ProsCons Five types of accountsLack of Regulatory Oversight User-Friendly Trading PlatformsThe minimum deposit is as high as $250Is BenefitFX Legit? BenefitFXis not supervised by any financial institutions.What Can I Trade on BenefitFX? BenefitFX offers traders the opportunity to trade stocks, currencies(sixty currency pairs), indices(15 Index CFDs ) and commodities, metals, oil range and forex. Tradable InstrumentsSupported Commodities✔ Stocks✔ Currencies✔ Forex✔ Indices✔ Metals✔ Oil range✔ Mutual Funds❌ Futures❌Account Types BenefitFX provides five account types: Basic, Silver, Gold, Platinum, and VIP ECN. Initial deposit requirements for these account types are $250+, $1000+，$5000+，$25000+ and $100,000+ respectively. Leverage All account types offer 1:100 leverage, except for VIP ECN accounts which offer 1:10 leverage.BenefitFX Fees Basic accounts enjoy spreads as low as 2 pips, the same is true for silver accounts, while 1.5 pips for gold accounts, and 0.9 pips for platinum and VIP ECN accounts). Starting with the Silver account, clients have the opportunity to receive awards from the company, ranging from 30% (Silver account) to 50% (Gold account) to 100% (platinum and VIP ECN account). VIP ECN accounts are subject to additional coverage up to 50%. Trade gold, silver and oil ranges enjoy a no-deposit-fees policy. AwardsAdditional coverage Basic AccountN/AN/A Sliver Account30N/A Gold Account50N/A Platium Account/VIP ECN10050Deposit and Withdrawal First withdrawals are free for basic accounts, silver accounts and gold accounts, while platinum accounts and VIP ECN customers enjoy free withdrawals.