SETFX Forex Broker

Note: SETFX's official website - https://setfx.ae/ is currently inaccessible normally.SETFX Review SummaryFounded/Registered Country/RegionUnited Arab EmiratesRegulationUnregulatedMarket Instruments/Demo Account/LeverageUp to 1:500EUR/USD SpreadFrom 2 pipsTrading Platform/Min Deposit$100Customer SupportEmail: support@setfx.ae SETFX is registered in the United Arab Emirates and is not regulated. It offers four types of accounts, with a maximum leverage of 1:500 and spread from 2 pips. The minimum deposit is $100.Pros and ConsPros Cons Multiple account typesUnavailable websiteFlexible leverage ratiosUnregulated statusHigh spreadsUnclear fee structureLimited contact channelsIs SETFX Legit? No, SETFX is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.Account TypeAccount TypeMin DepositMicro$100Standard$500Mini$1,000Professional$10,000Leverage SETFX offers leverage up to 1:500, which can potentially bring high returns, but it also comes with high risks.Account TypeMax LeverageMicro100:1Standard100:1Mini500:1Professional100:1Spread SETFX offers EUR/USD spread from 2 pips, which is higher than the industry average of 1.5 pips.