Graphene Fx Forex Broker

Note: Graphene Fx's official website - https://graphenefx.com/ is currently inaccessible normally.Graphene Fx Review SummaryFounded2015Registered Country/RegionUKRegulationNFA (Unauthorized), ASIC (Suspicious Clone)Market InstrumentsCurrency pairs, stocks, indices, commodities and crypto currenciesDemo Account/Islamic Account✅LeverageUp to 1:500EUR/USD SpreadFrom 0.4 pipsTrading PlatformMT4Min Deposit$100Customer Support24/5 supportTel: +44 07883 685999, +44 7310 095845Email: support@graphenefx.com, info@graphenefx.comTwitter, Facebook, Instagram and YouTubeAddress: 2 Norman Road, Thornton Heath, Surrey, CR7 7ED, United Kingdom189/1513 Dandenong, Road Oakleigh, VIC 3166 Australia Graphene Fx was registered in 2015 in the UK. On its platform, customers can trade currency pairs, stocks, indices, commodities, and crypto currencies. The minimum deposit is $100, and the leverage can be up to 1:500. However, this company holds a suspicious clone ASIC license and an unauthorized NFA license. Please be aware of the potential risks.Pros and ConsPros Cons Diverse tradable assetsInaccessible websiteMultiple account typesSuspicious clone ASIC licenseCommission-free account offeredUnauthorized NFA licenseMT4 supportedCommission chargedPopular payment optionsIs Graphene Fx Legit? No, it currently only holds an unauthorized NFA license and a suspicious clone ASIC license. Besides, its domain status shows that client transferring is prohibited. Therefore, please note the potential risks.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.National Futures Association (NFA)UnauthorizedGRAPHENE LIMITEDCommon Financial Service License0541742Australia Securities & Investment Commission (ASIC)Suspicious CloneMCPO PTY LIMITEDCommon Business Registration654609024What Can I Trade on Graphene Fx? Graphene Fx provides several types of products, including currency pairs, stocks, indices, commodities and crypto currencies.Tradable Instruments Supported Currency Pairs✔Stocks✔Indices✔Commodities✔Cryptocurrencies✔Bonds❌Options❌ETFs❌Account TypeAccount TypeMin DepositStandard$100Prime$1,500G-Plus$3,000ECN$10,000Leverage The maximum leverage ratio provided by Graphene Fx is much higher than most brokers, up to 500:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.Spread and Commission Graphene Fx states that the spread for the EUR/USD pair starts from 0.4 pips. As for commissions, different account types will be charged different commissions.Account TypeCommissionStandard$6Prime$4G-Plus$2ECN❌Trading PlatformTrading PlatformSupported Available Devices Suitable forMT4✔Desktop (PC, Mac), mobile/tablet (Android, iPhone)BeginnersMT5❌/Experienced tradersDeposit and Withdrawal From the logos shown at the foot of the home page on Graphene Fxs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, Skrill, Neteller, PayPal and WebMoney, Perfect Money, WesternUnion Wu and crypto wallets of Bitcoin, Litecoin, Ethereum, Tether, etc.