SixTrading Forex Broker

Note: SixTrading's official website: https://www.sixtrading.net is currently inaccessible normally. SixTrading Review Summary Founded2022 Registered Country/RegionChina RegulationNo Regulation Market Instruments/ Demo Account❌ LeverageUp to 1:200 EUR/USD SpreadFrom 3 pips Trading PlatformsA “state-of-the-art” web-based platform MinDeposit€250 Customer Support/ SixTrading is an unregulated brokerage platform based in China. There is limited information about its trading assets on the internet. It offer uncompetitive trading conditions with a web-based platform.Pros and Cons Pros Cons NoneNon-functional website Lack of transparency MT4/MT5 platform unavailable No regulation No demo accounts Wide spreads High minimum deposit No contact channelIs SixTrading Legit? At present, SixTrading lacks valid regulation. Its domain was registered on June 16, 2022, and the current status is “client Transfer Prohibited”. We advise you to look for other regulated brokers.Account Type SixTrading requires a minimum deposit of €250 to open an account. This is considered rather high considering that many licensed brokers would open an account for just $10 or sometimes even as little as $1.Leverage The leverage offered is up to 1:200,a ratio that is not overly high. However, it should be noted that higher leverage also leads to a significantly increased risk exposure. Trading with leverage higher than 1:100 is only recommended for those who possess some experience in the forex market.Spread and Commission The broker has mentioned that its spread on EUR/USD pair is around 3 pips on average. However, many brokers would offer far better spreads, usually around 1.5 pips on EUR/USD or lower.Trading Platform SixTrading appears to offer a “state-of-the-art” web-based trading platform. However, it cannot be accessed at present. Consequently, we are unable to describe what this platform is like.Deposit and Withdrawal SixTrading claims to accept bank cards, wires, and OKPay.