BullFx Forex Broker

BullFX is a Forex broker that trades via MT4 and offers a variety of payment methods. However, the minimum deposit is $1000, which makes many traders hesitant.Pros and Cons Pros Cons Various payment methodsHigh minimum deposit: $1000 Popular trading platform MT4High spreads: from 1.6 pips Multiple tradable assetsNo regulationIs BullFx Legit? Bull Prime Limited established the broker with business registration number 014720 and asserts that the broker is regulated in Vanuatu under the local Vanuatu Financial Services Commission (VFSC). However, the broker is not regulated by ESMA or the FSA and the VFSC has no information about it.What Can I Trade on BullFx? BullFx offers six tradable assets. Traders can enhance their returns through diversification. Tradable Instruments Supported Forex✔ Metals✔ Energies✔ Indices✔ Shares✔ Cryptocurrencies✔ Options❌Account Type Standard, ECN, and Professional accounts, as well as demo accounts, are available from BullFx. A standard account is the best choice for those who are just beginning to trade. ECN accounts are used by traders who invest in the long term. Professional trading accounts are intended for bold traders.BullFx Fees BullFx fees are higher than the industry average. Account TypeMinimum DepositSpread Standard$1,000From 1.8 pips ECN$5,000From 1.6 pips Professional$10,000From 1.6 pipsTrading Platform Trading PlatformSupported Available Devices Suitable for MT4/5✔WindowsBeginnersDeposit and Withdrawal BullFx requires a deposit fee and a withdrawal fee. The minimum deposit is $1,000. Deposit Options Deposit Options Min. DepositProcessing Time Bank Wire Transfer$1,0001-5 days Credit/Debit Cards$1,0001-5 days Moneybookers (Skrill)$1,0001-5 daysWithdrawal Options Withdrawal Options Min. Withdrawal Processing Time Bank Wire Transfer$1,0001-5 days Credit/Debit Cards$1,0001-5 days Moneybookers (Skrill)$1,0001-5 daysCustomer Service Contact Options Details Phone(+60) 1-800-81-7242 Emailsupport@thebullfx.com Support Ticket System❌ Online Chat7/24 Social MediaLinkedin, Twitter, Facebook Supported LanguageEnglish Website LanguageEnglish Physical AddressSuite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent, and the GrenadinesThe Bottom Line BullFx offers various payment methods, making transactions easier and more efficient. However, traders must consider unregulated and high fees before choosing a broker. Therefore, this trader is more suitable for those bold traders.FAQs Is BullFx safe? BullFX is a Forex broker without regulation, so it is not safe. Is BullFx a good for beginners? No, BullFx doesn't provide free educational resources that customers can't learn from. Is BullFx good for day trading? No, the minimum deposit is $1,000, which is higher than the industry average.