FX FOORIN Forex Broker

FX FOORINReview SummaryFounded5-10 yearsRegistered Country/RegionChinaRegulationUnregulatedMarket InstrumentsForex, Precious Metals, Crude Oil, IndexDemo Account✅LeverageUp to 1:500SpreadFrom 0.2 pipsTrading PlatformMT4Min Deposit0Customer SupportNot mentionedFX FOORIN Information FX FOORIN is a broker that provides a variety of trading instruments, including forex, precious metals, crude oil, and index. In addition, FX FOORIN provides demo accounts, Islamic accounts, and 3 real accounts: standard, pro, and VIP. Regarding fees, FX FOORIN requires a minimum spread of 0.2 pips and is commission-free. In addition, the leverage is as high as 1:500.Pros and ConsPros Cons Multiple trading assets: forex, precious metals, crude oil, indexUnregulated3 account types: standard, pro, and VIPNo customer support informationMinimum deposit 0Spreads start from 0.2 pipsLeverage up to 1:500No domain name registeredMT4 availableCommission freeDemo and Islamic accounts availableIs FX FOORIN Legit? FX FOORIN is not regulated, which will increase transaction risks and reduce transaction security.What Can I Trade on FX FOORIN? FX FOORIN provides trading instruments including forex, precious metals, crude oil, and index. These instruments involve different trading formats such as futures, options, swaps, and funds.Tradable Instruments Supported Forex✔Precious Metals✔Crude Oil✔Index✔Account Type FX FOORIN has launched 3 real account types, setting different thresholds depending on different spreads and deposits. These real accounts are standard, pro, and VIP. Note: The deposits for pro and VIP accounts are $10,000 and $100,000 respectively. The amounts are relatively high.Account Type StandardPro VIPMaximum leverage1:5001:5001:500Minimum spread(pips)1.00.50.2Minimum deposit($)010000100000Commission freeYesYesYesFX FOORIN Fees The spreads of FX FOORIN's three accounts, standard, pro, and VIP, are 1pips, 0.5pips and 0.2pips respectively. In addition, traders will have the benefit of commission-free.Leverage The leverage is as high as 1:500, which means that traders profits and losses will be expanded 500 times.Trading Platform FX FOORIN cooperates with MT4, the authoritative trading platform recognized by traders. MT4 is more suitable for beginner traders than MT5, but MT4 also has powerful data chart processing functions, which will facilitate trading.Trading PlatformSupported MT4✔Deposit and Withdrawal The minimum deposit is 0. FX FOORIN allows traders to deposit and withdraw money for free. Additionally, FX FOORIN offers popular payment methods such as bank transfers, credit, and debit cards.