Cryptospotfx Forex Broker

Note: Cryptospotfx's official website - https://cryptospotfx.com/ is currently inaccessible normally.Cryptospotfx Review SummaryFounded/Registered Country/RegionCyprusRegulationNo regulationMarket Instruments1,000+, forex, CFDs, commodities, stocks, cryptocurrencies and binary optionsDemo Account/LeverageUp to 1:1000EUR/USD SpreadFloating around 0.2 pipsTrading PlatformMT4, MT5Min Deposit$1,000Customer Support24/5 live chatAddress: Nearchos Court, Block D 2nd floor, 57 Athinon Ave, Cyprus Cryptospotfx is a broker registered in Cyprus. It uses MT4 and MT5 as its trading platforms, on which customers can trade forex, CFDs, commodities, stocks, cryptocurrencies, and binary options. The minimum deposit is $1,000, and the leverage can be up to 1:1000. However, this company is not regulated currently.Pros and ConsPros Cons Diverse tradable assetsInaccessible websiteMT4 and MT5 providedLack of regulation24/5 live chat supportFCA black listHigh minimum depositOnly crypto payment optionsIs Cryptospotfx Legit? No, Cryptospotfx is is not regulated by the financial services regulatory authority in Cyprus, which means that the company lacks regulation from its registration site. Besides, Cryptospotfx was blacklisted by FCA. Please note the potential risks!What Can I Trade on Cryptospotfx? Cryptospotfx provides several types of products, including forex, CFDs, commodities, stocks, cryptocurrencies, and binary options.Tradable Instruments Supported Forex✔CFDs✔Commodities✔Stocks✔Cryptocurrencies✔Binary Options✔Indices❌Bonds❌Options❌ETFs❌Leverage The maximum level offered by Cryptospotfx is much higher than most other brokers, up to 1000:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.Trading PlatformTrading PlatformSupported Available Devices Suitable forMT4✔PC, web, mobileBeginnersMT5✔PC, web, mobileExperienced tradersDeposit and Withdrawal Cryptospotfx claims to support Skrill, PayPal, Neteller, VISA, and Mastercard. Nevertheless, it only accepts crypto coins.