CompaqFX Forex Broker

Note: CompaqFX's official website: https://compaqfx.com/ is currently inaccessible normally.CompaqFXReview SummaryFounded2022Registered Country/RegionUnited KingdomRegulationNot regulatedMarket InstrumentsForex, Stocks, Indices, Commodities, CryptocurrenciesDemo Account✔LeverageUp to 1:500SpreadFrom 1.5 pipsTrading PlatformMT5Min Deposit$100Customer SupportEmail: info@compaqfx.comPhone: +44 7401 214549Twitter: https://twitter.com/compaqfxFacebook: https://www.facebook.com/compaqfx/Instagram: https://www.instagram.com/compaqfx/Physical Address: 10/F., Tower A, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong CompaqFX is an unregulated broker based in the United Kingdom that supports you to trade five types of market instruments with a minimum deposit of $100 through MT5.Pros and ConsPros Cons Multiple trading choicesNo Legal regulationDemo accountsCharges commissions on US and Canadian stocksMT5 supportCharges deposit handlingsComprehensive contact channelsLack of transparencyUnavailable websiteLimited account typesIs CompaqFX Legit? CompaqFX operates without a legal regulatory license, so you are advised to choose a legally regulated broker and avoid such unregulated broker.What Can I Trade on CompaqFX? CompaqFX offers five types of trading instruments, including forex, commodities, indices, etc. and you can look for more details in the following table.Tradable Instruments Supported Forex ✔Commodities✔Indices✔Cryptocurrencies✔Stocks✔Mutual Fund❌Futures❌Account Type CompaqFX offers two types of live accounts (cent account and standard account) and a demo account for you to practice in a risk-free environment.Account TypeMin DepositMax Leverage CENT $5001:300STANDARD $1001:500Leverage CompaqFX offers different leverage for its different trading accounts. For the Cent account maximum leverage is 1:300, while for the Standard account, it is 1:500. However, high leverage means high risk, and you must be cautious.Trading Platform CompaqFX offers the MT5 trading platform, a globally renowned platform in the industry. However, whether CompaqFX has obtained the legal permission to use MT5 remains unknown, since this broker holds no regulatory license.Trading PlatformSupported Available Devices MT5✔Computer and phoneMT4❌/cTrade❌/Deposit and Withdrawal CompaqFX offers a wide range of deposit and withdrawal methods, including bank wire, credit card, debit card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, and China UnionPay. There are no fees for bank wire or credit card deposits, but fees may apply for other deposit methods.