ChamberFX Forex Broker

Note: ChamberFX's official website: https://chamberfx.com is currently inaccessible normally.ChamberFXReview SummaryFounded/Registered Country/RegionAustraliaRegulationUnregulatedMarket InstrumentsForex, commodities, indices, stocksDemo Account/LeverageUp to 1:500EUR/USD Spread2.4 pipsTrading PlatformWebTraderMin Deposit$250Customer Support/ ChamberFX is an unregulated Australian forex brokerage, operated by CHAMBER (HOLDINGS) PTY LTD. It offers trading in forex, commodities, indices, and stocks with leverage up to 1:500 and spread floating around 2.4 pips via a WebTrader. The minimum deposit requirement to open a live account is $250.Pros and ConsPros Cons Diverse trading assetsInaccessible websiteUnregulated statusWide spreadsDoes not support mainstream trading platformsHigh minimum depositLimited payment optionsNo contact channelIs ChamberFX Legit? No, ChamberFX is not regulated, so traders should carefully consider the risks it brings when choosing to trade with it.What Can I Trade on ChamberFX?Tradable Instruments Supported Forex✔Commodities✔Indices✔Stocks✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Leverage ChamberFX offers leverage up to 1:500, which can potentially bring high returns, but it also comes with high risks.Spread ChamberFX does not clarify about its spreads, but ChamberFXs platform gave us a EUR/USD spread of 2.4 pips – a value that is almost twice higher than the average in the sector.Trading Platform ChamberFX says to support the legendary MetaTrader4, but after signing up with them, we got hold of a web-based trading terminal that doesnt even feature the name or the logo of the broker.Trading PlatformSupported Available Devices Suitable for MT4❌/BeginnersMT5❌/Experienced tradersWebTrader✔Web/Deposit and Withdrawal ChamberFX does not provide specific information on whether it charges fees for deposits or withdrawals, and its minimum deposit requirement is $250. Customers can only deposit funds through iPay. Additionally, users can only withdraw funds via bank transfer, but there is a significant issue with this process. Even if only the amount is entered, it shows a successful withdrawal.