TudoFX Forex Broker

Note: TudoFX's official website: https://tudofx.com/ is currently inaccessible normally.TudoFXReview SummaryFounded2021Registered Country/RegionAustraliaRegulationUnregulatedMarket InstrumentsForex currency pairs, CFDs, cryptocurrenciesDemo Account/LeverageUp to 1:100 (forex)Spread2.4 pips (Basic account)Trading PlatformMT4Min Deposit$250Customer SupportTel: +611800575035Email: support@tudofx.com TudoFX was established in Australia in 2021 and is not regulated. It offers forex currency pairs, CFDs, and cryptocurrencies trading and supports the mainstream trading platform MT4. Its leverage is 1:100, with a high spread of 2.4 pips on the Basic account and a minimum deposit of 250 USD.Pros and ConsPros Cons Flexible leverage ratiosInaccessible websiteMT4 platformUnregulated statusWide spreadsNo commission-free accountHigh minimum depositNo popular payment optionsHigh withdrawal feeInactivity fee chargedIs TudoFX Legit? No, TudoFX is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.What Can I Trade on TudoFX?Tradable Instruments Supported Forex currency pairs✔CFDs✔Cryptocurrencies✔Bonds❌Options❌ETFs❌Account Type TudoFX offers five types of accounts: Basic, Silver, Gold, Platinum, and VIP.Account TypeMin DepositMax DepositBasic$250$2,499Silver$2,500$9,999Gold$10,000$74,999Platinum$75,000$149,999VIP$150,000$UnlimitedLeverageAccount TypeForex LeverageCrypto LeverageBasic1:501:1-1:2Silver1:1001:3-1:5Gold1:5-1:10Platinum1:10-1:20VIP It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Spread and CommissionAccount TypeMin SpreadCommissionBasic2.4 pips5%Silver2.1 pips4%Gold1.8 pips3%Platinum0.6 pips2.5%VIP2.2 pips1.5%Trading Platform TudoFX claims to provide a very advanced trading platform and industry-standard MetaTrader4. However, its authenticity is in doubt.Trading PlatformSupported Available Devices Suitable for WebTrader✔Web/MT4✔/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal There are two options in the Tudofx deposit menu – cryptocurrencies and payment methods specific to Brazil – Ted, Pix and Boleto. The fees for withdrawal and deposit are not fixed, but vary with the requirements of TudoFX. According to the terms and conditions of TudoFX, a high fee of 5% is charged for each withdrawal from the account. It also stipulates that all funds in the account, except for the funds directly deposited, including any profits, are not considered as the client's funds, and Tudofx has the right to “reclaim any and all such funds.”Fees If the account is inactive for more than 90 days, a fee of 10% or 100 USD (whichever is higher) is charged monthly.