EQFX TRADE Forex Broker

EQFX TRADEReview SummaryFounded2-5 yearsRegistered Country/RegionChinaRegulationUnregulatedMarket InstrumentsCFD/EFTs/Stocks/CryptocurrenciesDemo Account✅LeverageUp to 1:500SpreadFrom 0.2 pipsTrading PlatformMT5(Desktop/Web/Mobile(iOS/Android))Min Deposit$100EQFX TRADE Information EQFX TRADE is a broker-trade of 300+ instruments with a maximum leverage of 1:500 including CFD, EFTs, stocks, and cryptocurrencies. The broker also provides starter, standard, and ECN accounts. The minimum spread is from 0.2 pips and the minimum deposit is $100. EQFX TRADE is still risky due to its unregulated status.Pros and ConsPros Cons Leverage up to 1:500Unregulated24/7 customer supportInaccessible official websiteSpread from 0.2 pipsUnspecific transfer time and fee informationDemo account availableVarious tradable instrumentsMT5 availableIs EQFX TRADE Legit? EQFX TRADE is not regulated, making it less safe than regulated brokers.What Can I Trade on EQFX TRADE? EQFX TRADE offers a wide range of market instruments, including CFD, EFTs, stocks, and cryptocurrencies.Tradable Instruments Supported CFD✔ETFs✔Stocks✔Cryptocurrencies✔Precious Metals❌Shares❌Forex❌Commodities❌Mutual Funds❌Account Type EQFX TRADE has three account types: starter, standard, and ECN. Traders who want low spreads can choose an ECN account, while those with a small budget can open a starter account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.Account Type StarterStandardECNMinimum Deposit$100$500$10000SpreadFrom 1.8 pipsFrom 1.2 pipsFrom 0.2 pipsLeverageFrom 1:10 to 1:500From 1:10 to 1:500From 1:10 to 1:500PlatformMT5(Desktop/Mobile/Web)MT5(Desktop/Mobile/Web)MT5(Desktop/Mobile/Web)EQFX TRADE Fees The spread is from 0.2 pips. The lower the spread, the faster the liquidity.Leverage The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.Trading Platform EQFX TRADE cooperates with the authoritative MT5 trading platform available on desktop, web, and mobile(iOS/Android) to trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.Trading PlatformSupported Available Devices Suitable for MT5✔Desktop/Web/Mobile(iOS/Android)Experience tradersDeposit and Withdrawal The minimum deposit is $100. EQFX TRADE accepts Mastercard, PayPal, Visa, and Bank Transfer for deposit and withdrawal. However, due to the inaccessible official website, transfer processing times and associated fees are unknown.