OffsetFX Forex Broker

OffsetFX Review SummaryFounded2024Registered Country/RegionUnited KingdomRegulationUnregulatedMarket Instruments57 forex, 22 consumer goods, 26 indices, 51 ETFs and 800 + stocksDemo Account✅LeverageUp to 1:200EUR/USD SpreadFrom 1.4 pips (Standard account)Trading PlatformMT4, MT5Min Deposit$1000Customer Support24/6 supportContact formPhone: Sweden- +46790087065 / Denmark- +4578714783/ United Kingdom- +447700193033/ Australia- +61370665607/ Canada – +15144185868Email: support@offsetfx.emailAddress: 1 Undershaft, London EC3A 8EE, UKRegion RestrictionsChina, Romania, Singapore, the United States and to jurisdictions on the FATF and EU/UN sanctions lists OffsetFX offers a wide range of trading assets through MT4 and MT5 across many devices. It also offers many types of accounts and multiple channels to contact, 24/6 customer service available. However, though offering security measures, it is not regulated.Pros and ConsProsConsMT4 and MT5 availableNewly establishedMultiple contact channelsUnregulatedVarious tradable productsRegional restrictionsHigh minimum depositIs OffsetFX Legit? OffsetFX claims it offers segregated client accounts and encryption to protect their traders transaction safety. However, OffsetFX is not a regulated broker. Besides, it was registered on January 23, 2024, a newly established company. Currently, it is in a “clientDeleteProhibited” and “clientTransferProhibited” status, which means the domain cannot be deleted or transferred without the registrars permission.What Can I Trade on OffsetFX? OffsetFX offers CFDs on 57 forex, 22 consumer goods, 26 indices, 51 ETFs and 800 + stocks.Tradable InstrumentsSupportedForex✔Commodities✔Indices✔Stocks✔Shares❌ETFs✔Bonds❌Mutual Funds❌Account Type OffsetFX offers four types of accounts: the Standard, Silver, Gold and VIP accounts with the minimum deposit of $1,000, $10,000, $50,000 respectively, which are too higher especially for novices.Account TypeMin DepositSTANDARD$1,000SILVER$10,000GOLD$50,000VIPContact for more detailsLeverage The maximum leverage offered by OffsetFX varies depending on the account type chosen by the trader. For the STANDARD account, traders can access leverage of up to 100. The SILVER account provides a higher maximum leverage of up to 150, while the GOLD account offers an even greater leverage of up to 200.Account TypeMaxLeverageSTANDARD1:100SILVER1:150GOLD1:200VIPContact for more detailsOffsetFX Fees The STANDARD account features a spread of 2 pips. In contrast, the SILVER account offers a tighter spread of 1.5 pips. The GOLD account boasts the lowest spread of 1 pip. These spreads are also high compared with regulated and regular brokers. Additionally, OffsetFX charge 0 commissions for their accounts. Besides, it offers different spreads and commissions for their STP and ECN account:Spreads:EUR/USDGBP/USDHONORABLEUSD/JPYStandard (STP) From 1.4 pipsFrom 1.6 pipsFrom 1.4 pipsFrom 1.5 pipsRAW (ECN) From 0.0 pipsFrom 0.5 pipsFrom 0.3 pipsFrom 0.4 pipsPro (ECN) Commissions: RAW ECN Account Commissions:Currency Pair0.01 Lot Commission (one-way)0.01 Lot Commission (round turn)1 Lot Commission (one-way)1 Lot Commission (round turn)AUD (Australian Dollar)AUD $0.03AUD $0.06AUD $3AUD $6USD (US Dollar)USD $0.03USD $0.06USD $3USD $6GBP (Pound Sterling)GBP £0.02GBP £0.04GBP £2GBP £4EUR (Euro)EUR €0.025EUR €0.05EUR €2.5EUR €5SGD (Singapore Dollar)SGD $0.035SGD $0.07SGD $3.50SGD $7JPY (Japanese Yen)JPY ¥2.75JPY ¥5.50JPY ¥275JPY ¥550NZD (New Zealand Dollar)NZD $0.0325NZD $0.065NZD $3.25NZD $6.50CAD (Canadian Dollar)CAD $0.03CAD $0.06CAD $3CAD $6PLN (Polish Zloty)PLN $0.15PLN $0.30PLN $15PLN $30HKD (Hong Kong Dollar)HKD $0.25HKD $0.50HKD $25HKD $50 PRO ECN Account Commissions:Currency Pair0.01 Lot Commission (one-way)0.01 Lot Commission (round turn)1 Lot Commission (one-way)1 Lot Commission (round turn)AUD (Australian Dollar)AUD $0.02AUD $0.04AUD $2AUD $4USD (US Dollar)USD $0.015USD $0.03USD $1.5USD $3GBP (Pound Sterling)GBP £0.01GBP £0.02GBP £1GBP £2EUR (Euro)EUR €0.015EUR €0.03EUR €1.5EUR €3CAD (Canadian Dollar)CAD $0.02CAD $0.04CAD $2CAD $4JPY (Japanese Yen)JPY ¥1.75JPY ¥3.50JPY ¥175JPY ¥350Trading Platform OffsetFX offers MT4 and MT5 Platform. When using WebTrader, you'll benefit from 30 indicators, 24 technical analysis tools, 9 time frames, and the one-click trading functionality found in the desktop versions of MT4 and MT5. OffsetFX also supports MT4 and MT5 through both WebTrader and mobile apps. The Offsetfx app is available for iOS and Android.Deposit and Withdrawal OffsetFX offers Visa, Mastercard, and UnionPay, wire transfers, Skrill and Neteller e-wallets and Boleto to deposit and withdraw. Boleto is prevalent in Brazil, serves clients in the region.