RXBT Forex Broker

Note: RXBT's official website: https://rxbt.net/ is currently inaccessible normally.RXBT Review SummaryFounded2020Registered Country/RegionUnited KingdomRegulationNo RegulationMarket InstrumentsForex, CFDs on stocks, indices, commodities, and cryptocurrenciesDemo Account/LeverageUp to 1:500Spread/Trading PlatformsMT4Minimum Deposit$100Customer SupportPhone: +447883311830Email: info@rxbt.net Registered in 2020, RXBT is an unregulated financial company based in the United Kingdom. It claims to provide Forex, CFDs on stocks, indices, commodities, and cryptocurrencies via MT4.Pros and ConsPros Cons /Non-functional WebsiteLack of TransparencyNo Demo AccountsNo RegulationIs RXBT Legit? At present, RXBT lacks valid regulation. Its domain was registered on Sep 14, 2020, and the current status is “client Transfer Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.What Can I Trade on RXBT? On RXBT, you can trade with Forex, CFDs on stocks, indices, commodities, and cryptocurrencies.Tradable Instruments Supported Forex✔CFDs✔Commodities✔Indices✔Cryptocurrencies✔Shares❌ETFs❌Bonds❌Mutual Funds❌Account Type RXBT provides the Standard account and the Premium account. The minimum deposit requirement for the standard account is $100.Leverage RXBT offers leverage up to 1:500. However, high leverage can amplify both profits and losses.RXBT Fees For the Standard accounts, the commission rate is 0.03%, and for the Premium account the commission rate is 0.01%.Trading Platform RXBT claims to offer MT4 trading platform for clients.Deposit and Withdrawal RXBT supports payment method through credit/debit cards, bank transfers, and electronic wallets.