Minos Limited Forex Broker

Minos Limited Review SummaryFounded2022Registered Country/RegionSaint Vincent and the GrenadinesRegulationNot regulatedMarket InstrumentsCommodities, grains, precious metals and energiesDemo Account✅LeverageUp to 1:500SpreadFrom 2.0 pips (Standard account)Trading PlatformcTraderMin Deposit$100Customer Support24/5 supportTel: +971 4 362 2222Email: support@minosfutures.comAddress: 1 Commercial Road, Georgetown, St Vincent & the Grenadines, 116th floor Burj Khalifa, Corporate Suites, Downtown - Dubai - United Arab Emirates Founded in 2022, Minos is an unregulated broker registered in Saint Vincent and the Grenadines. It provides many trading assets, like commodities, grains, precious metals and energies with leverage up to 1:500 and spread from 2.0 pips on the Standard account throught cTrader platform. Demo accounts are available and the minimum deposit requirement is $100.Pros and ConsPros Cons Various trading assetsNot regulatedDemo accounts offeredWide spreadsMultiple account typesNo MT4/5cTrader platformNo popular payment optionsDeposit and withdrawal fee chargedIs Minos Limited Legit? No, Minos Limited operates without regulation. It also claims it is regulated by FSA and NFA. However, there is no information on the two websites. It means Minos Limited is not supervised by any financial authorities. Please be aware of the risk!What Can I Trade on Minos Limited?Tradable Instruments Supported Commodities✔Grains ✔Precious metals✔Energies ✔Forex ❌Indices❌Stocks❌Cryptos ❌Bonds❌Options ❌ETFs❌Account Type Minos Limited offers three account types: Standard, Premium and Platinum.Account TypeMin DepositStandard$100Premium$10 000Platinum$25 000Leverage Minos Limited's leverage is up to 1:500. The higher the leverage, the more the returns and losses.Spread and Commission Minos Limited's spreads varies by the accounts. The standard account's spread starts from 2.0 pips, the premium starts from 1.8 pips and the platinum starts from 1.5 pips. Besides, commission can be reduced to $35 per $1million traded.Account TypeSpreadStandardFrom 2.0 pipsPremiumFrom 1.8 pipsPlatinumFrom 1.5 pipsTrading PlatformTrading PlatformSupported Available Devices Suitable for cTrader✔Desktop, Mobile & Tablets and WebExperienced tradersMT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal Minos Limited supports deposits and withdrawals via 9pay, 5pay, ewallet, shopee pay, grab pay and FPX.Payment Option Min Deposit Deposit FeeMin Withdraw Withdrawal FeeProcessing Time 9payVND 100 000/VND 100 0001%/5payMYR 5001.5% or MYR 1MYR 1000.5% or MYR 2InstantlyEwallet MYR 1001.5% or MYR 1/1% or MYR 2Shopee payMYR 100Grab pay/FPXMYR 5001.5%MYR 1001.5%