FUBON Forex Broker

FUBON Review SummaryCompany NameFUBONRegistered Country/AreaBelizeRegulationUnregulatedMinimum Deposit$300Maximum LeverageUp to 1:100Spreadsstarting from 0.5 pips for major currency pairsTrading PlatformsMetaTrader 4 (MT4)Tradable AssetsOver 100 currency pairs, commodities, and indicesAccount TypesVIP Account, Professional ECN Account, Ordinary MT4 AccountCustomer Supportclient@fubonfinance.comPayment MethodsBank Wire Transfer, Credit/Debit Cards, E-Wallets, CryptocurrencyFUBON Information FUBON is a brokerage firm headquartered in Belize that requires a minimum deposit of $300 for its Ordinary MT4 Account, with leverage of up to 1:100. Although it claims to offer competitive spreads starting from 0.5 pips, the lack of regulation and the inaccessible official website makes it unsafe.Regulation Fubon is operated by an entity registered under the domain fubon.com, registered with Net-Chinese Co., Ltd. since June 21, 2002. The registration information does not indicate any regulatory oversight in its registered location.Pros and ConsProsConsWide Range of Market InstrumentsUnregulatedAccount VarietyLimited Customer Support1:100 LeverageLack of Educational ResourcesWhat Can I Trade on FUBON? FUBON offers 3 types of trading instruments, including over 100 currency pairs, commodities, and indices. But it does not support digital assets.Tradable InstrumentsSupportedCurrency pairs✔Commodities✔Indices✔Digital Assets❌Account Types FUBON offers a total of three types of live trading accounts: the VIP Account, Professional ECN Account, and Ordinary MT4 Account. Currently, FUBON does not provide demo accounts or Islamic accounts.Account TypeMinimum DepositLeverageMinimum Position SizeSuit forVIP Account$50,000Customizable upon requestN/AHigh-net-worth individuals and institutional clientsProfessional ECN Account$3,0001:1000.01 lotTraders valuing competitive conditions and moderate capitalOrdinary MT4 Account$3001:1000.01 lotNew traders or those with smaller capitalLeverage FUBON offers a maximum leverage of up to 1:100. This means that for every $1 in your trading account, you can control a position worth up to $100.Trading Platforms Centrix Markets offers the MT4 trading platform, which is suitable for both mobile and desktop devices (including Windows and macOS). It is more suitable for experienced traders. However, there are no access of MT5 platform and the Tradingweb platform.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Mobile and Desktop（Windows & macOS）BeginnerMT5❌Mobile and Desktop（Windows & macOS）Experienced TraderDeposit & Withdrawal FUBON does not charge any fees for deposits or withdrawals, allowing traders to transfer funds without additional costs. The minimum deposit required to open an account with FUBON is $300.