Blockex Forex Broker

Blockex Review SummaryCompany NameBlockexRegistered CountriesUnited KingdomFounded2-5 yearsRegulationUnregulatedMinimum Deposit$100Maximum Leverage1:500Minimum Spread0.6 pipsPayment MethodsCrypto Wallets, Skrill, Neteller, MasterCard, VISA, American Express, iDeal, Webmoney, BPAY, Discover, and Western UnionCustomer Supporttelephone: +1(231) 844-9949email: support@blockextrade.comBlockex Information Blockex is an unregulated online forex broker based in the United Kingdom, operating for 2-5 years. It offers a variety of trading instruments, including forex, CFDs, stocks, and metals, with leverage up to 1:500.Pros and ConsProsConsOffers over 10 trading productsUnregulatedProvides over 10 payment methodsMinimum deposit of $100Offers an online trading platform (Blockxtrade Web Trader)Is Blockex Legit? Blockex's corporate domain (blockex.com) is registered through Gandi SAS, with a registration date of October 3, 2014, and an expiration date of October 3, 2024. Currently, Blockex is unregulated.What Can I Trade on Blockex? Blockex offers more than 10 trading products, including forex, CFDs, Stocks, Cryptocurrencies, Metals, Indices, Commodities, Futures, Shares, Energies, Bonds.Tradable InstrumentsSupportedForex✔CFDs✔Stocks✔Cryptocurrencies✔Metals✔Indices✔Commodities✔Futures✔Shares✔Energies✔Bonds✔Account Types Blockex provides four account types—Classic, Standard, Premium, and VIP. It offers leverage of up to 1:500 across all account types, from Classic to VIP.Account TypeMinimum DepositSpreadsLeverageScalpingStop OutSwap FreeMinimum Trade SizeClassic$100From 1.9 pipsUp to 1:500No50%Yes0.10 lotStandard$1,000From 1.5 pipsUp to 1:500Yes50%Yes0.01 lotPremium$2,500From 1.2 pipsUp to 1:500Yes50%Yes0.10 lotVIP$5,000From 0.6 pipsUp to 1:500Yes50%Yes0.10 lotSpreads & Commissions At Blockex, spreads vary depending on the type of trading account. However, the broker does not mention commission fees on its official website. Classic Account: Spreads start from 1.9 pips. Standard Account: Spreads start from 1.5 pips. Premium Account: Spreads start from 1.2 pips. VIP Account: Spreads start from 0.6 pips.Trading Platform Blockex offers the Blockxtrade Web Trader platform, which is available online and requires no downloads.Trading PlatformSupportedAvailable DevicesSuitable forBlockxtrade Web Trader Platform✔Windows, Web Browser, Android, MAC, iOS, OnlineBoth Beginner and Experienced TraderMT5❌Mobile and Desktop（Windows & macOS）Experienced TraderMT4❌Mobile and Desktop（Windows & macOS）BeginnerDeposit and Withdrawal Blockex offers over ten payment methods, including Crypto Wallets, Skrill, Neteller, MasterCard, VISA, American Express, iDeal, Webmoney, BPAY, Discover, and Western Union, with no deposit fees. E-wallet payments are processed instantly, while bank transfers may take up to 5 working days to appear in the account.