BENEFOREX Forex Broker

BENEFOREXReview SummaryFoundedNot mentionedRegistered Country/RegionAustraliaRegulationSuspicious cloneMarket InstrumentsForex, Precious metals, Commodities, IndicesDemo Account❌LeverageUp to 1:500Spread/Trading PlatformMT4Min Deposit$100Customer SupportPhone: +61292393210Email: support@beneforex.netSocial Media: WechatPhysical Address: Level 10， 20 Martin Place， Sydney NSW 2000BENEFOREX Information BENEFOREX, part of Benefit Zone Global, is an unregulated broker based in Sydney, Australia. At present, it provides traders with Forex, Precious metals, Commodities, Indices and other trading instruments, four types of accounts, and supports traders to use the MT4 platform.Pros and ConsProsConsSupport MT4No regulationFour kinds of accountsSpread information is unclearIs BENEFOREX Legit?Regulatory StatusSuspicious cloneRegulated byAustraliaLicensed InstitutionBENEFIT ZONE GLOBAL PTY LIMITEDLicensed TypeAppointed Representative(AR)Licensed Number001263542What Can I Trade on BENEFOREX? BENEFOREX provides trading tools across different types. It mainly includes foreign exchange, and traders can trade foreign exchange pairs including but not limited to EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY, USD/CAD and USD/CHF. There are also several major global indices traded, such as Australia 200, Germany 30, Hong Kong 50, Japan 225, NASDAQ 100, UK 100, US 2000, US 30 and SPX500. In addition, traders can trade precious metals such as gold, silver, platinum and palladium, as well as commodities such as West Texas Oil and Brent Oil and gas.Tradable InstrumentsSupportedForex✔Precious metals✔Commodities✔Indices✔Stocks❌Bonds❌ETF❌Account Types BENEFOREX offers four types of accounts-Standard Account, VIP Account, Mini Account, and Pro Account. Pro Account has the highest minimum deposit requirement of $10,000. The remaining three accounts are all $100. In addition, the lever is unified at 1:500.Leverage BENEFOREX offers high leverage for all account types, with leverage up to 1:500 on all accounts.BENEFOREX Fees Unfortunately, the only known information about spreads is that BENEFOREX offers variable spreads and this broker does not provide specific information.Trading Platform The trading platform provided by BENEFOREX is MetaTrader 4 (MT4), which traders can use as a desktop download, web trader or mobile device application.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Web, Desktop, MobileBeginnerMT5❌Deposit and Withdrawal Instant Payment Gateway, UPI Payment Gateway or online banking deposit funds, which are the payment method offered by this broker. In addition, the minimum deposit requirement is $100. BENEFOREX says withdrawal requests between 5:30 a.m. and 6:00 p.m. will be processed on the same day, with the exception of active commodity positions/orders in the MCX segment, which will be credited to the account on the following trading day.Deposit OptionsDetailsTransaction LimitFeesProcessing TimeInstant Payment GatewayReal-time fund transferUp to ₹25,00,000 per transactionFreeInstantUPI Payment GatewayUnified Payments InterfaceUp to ₹100,000FreeInstantOnline BankingNEFT, RTGS, and IMPSLimit up to ₹25,00,000-May take over 2 hoursCustomer Service BENEFOREX does not support online chat services. Traders can receive BENEFOREX customer service by phone, email, social media, and physical address.Contact OptionsDetailsPhone+61292393210Emailsupport@beneforex.netSupport Ticket System❌Online Chat❌Social MediaWechatPhysical AddressLevel 10， 20 Martin Place， Sydney NSW 2000