SETFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://setfx.ae/clients/portal-sign-up/, about the company's legal and temporary regulatory information, the company's address .
SETFX Forex Broker
Basic information
United Arab Emirates
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Note: SETFX's official website - https://setfx.ae/ is currently inaccessible normally.
SETFX Review SummarySETFX 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 Cons
| Pros | Cons |
| Multiple account types | Unavailable website |
| Flexible leverage ratios | Unregulated status |
| High spreads | |
| Unclear fee structure | |
| Limited contact channels |
Is SETFX Legit?
No, SETFX is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.
Account Type
| Account Type | Min Deposit |
|---|---|
| Micro | $100 |
| Standard | $500 |
| Mini | $1,000 |
| Professional | $10,000 |
Leverage
SETFX offers leverage up to 1:500, which can potentially bring high returns, but it also comes with high risks.
| Account Type | Max Leverage |
|---|---|
| Micro | 100:1 |
| Standard | 100:1 |
| Mini | 500:1 |
| Professional | 100:1 |
Spread
SETFX offers EUR/USD spread from 2 pips, which is higher than the industry average of 1.5 pips.
ywjbc
Cambodia
SETFX is a fraud company that should never work, they only want to rip off funds from users. These people are Scammers, watch out please because I lost all my funds. Don't trust these guys, they are swindlers & thieves.
Neutral
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