Peaksight Forex Broker

Peaksight Review SummaryFounded2022Registered Country/RegionCyprusRegulationCyprus Securities and Exchange Commission (CySEC), License No. 440/23, Straight Through Processing (STP) LicenseMarket InstrumentsForex, Commodities, Crypto, CFDs, Indices, Stocks (no ETFs)Demo Account/LeverageUp to 1:30 (retail), Up to 1:400 (professional)Spread/Trading PlatformPeaksight WebTrader (supports Desktop, Tablet, Mobile)Min Deposit/Customer SupportEmail: info@peaksightltd.comPeaksight Information Peaksight Ltd., incorporated in 2022 and authorised by CySEC, offers Forex, commodities, indices, and stocks CFDs. Retail and professional accounts have variable leverage and easy WebTrader access.Pros and ConsPros Cons Regulated by CySECIncomplete details on spreadsNo deposit feesWithdrawal fees on wire transfersInactivity fees after 3 monthsIs Peaksight Legit? Subject to Cyprus Securities and Exchange Commission (CySEC) rules, Peaksight Ltd. holds a “Straight Through Processing (STP)” licence. The licence number is 440/23; it will expire on December 11, 2023.What Can I Trade on Peaksight? Peaksight's 160+ CFDs on many asset types let clients diversify. Popular indices, FX pairs, commodities, cryptocurrencies, and top worldwide corporate equities are among the available CFDs.Tradable Instruments Supported Forex✔Commodities✔Crypto✔CFD✔Indices✔Stock✔ETF❌Account Types Peak Sight offers retail and professional classic, silver, gold, and VIP live accounts. Professional accounts use 1:400; retail accounts use 1:30. All of the accounts have access to all assets, free assistance, a 100% margin call, and a minimum trading volume of 0.01. The stop-out rate of professional accounts is 20%; that of retail accounts is 50%.Leverage Peaksight allows retail and professional leverage up to 1:30 and 1:400, respectively. Higher leverage lets traders hold larger positions with less capital, potentially increasing gains. Leverage can improve returns but also risk, so traders should use it carefully.Peaksight Fees Peaksight charges no commission on trades and offers low spreads starting from 0.03 pips.Non-Trading FeesNon-trading Fees Deposit FeeNo deposit feesWithdrawal FeeNo fees for card and e-wallet withdrawals; $30 for wire transfersInactivity Fee€30/$30/£30 per month after 3 months of inactivityTrading PlatformTrading PlatformSupported Available Devices Suitable for what kind of tradersPeaksight WebTrader✔Desktop, Tablet, MobileTraders who prefer a user-friendly interface with flexibility for mobile and desktop accessDeposit and Withdrawal Deposits are free at Peaksight, making account funding affordable. Withdrawals may involve $30, €30, or £30 wire transfer fees. Card withdrawals demand 10 EUR/USD/GBP, but e-wallet withdrawals do not.MethodDeposit FeeWithdrawal FeeMinimum Withdrawal AmountProcessing TimeCredit Card0%0%10 EUR/USD/GBP5-7 working daysDebit Card0%0%10 EUR/USD/GBP5-7 working daysPrepaid Card0%0%10 EUR/USD/GBP5-7 working daysSkrill0%0%No minimum, must cover feeVaries, typically fasterWire Transfer0%$30/€30/£30100 EUR/USD/GBP3-5 working days, up to 10 days in some cases