XPOFX Forex Broker

Note: XPOFX's official website: https://www.xpofx.com is currently inaccessible normally.XPOFXReview SummaryFounded2015Registered Country/RegionCyprusRegulationNo regulationMarket Instruments20 currency pairs, precious metalsDemo Account❌LeverageUp to 1:100EUR/USD SpreadFrom 4 pips (Standard account)Trading PlatformMT4/MT5Min Deposit$500Customer SupportTel: +971 43552209Email: support@xpofx.comFacebookXPOFX Information Founded in 2015, XPOFX is an unregulated broker registered in Cyprus, offering trading on 20 currency pairs and precious metals with leverage up to 1:100 and spread from 4 pips on the Standard account via the MT4 and MT5 trading platforms. However, risk-free demo accounts are not available and the minimum deposit requirement to open a live account is as high as $500.Pros and ConsPros Cons MT4/MT5 platformInaccessible websitePopular payment optionsNo regulationLimited tradable asset classesNo demo accountsWide spreadsHigh minimum deposit requirementIs XPOFX Legit? No. XPOFX currently has no valid regulations. Please be aware of the risk!What Can I Trade on XPOFX? Investors can trade over 20 currency pairs, as well as some precious metals products. XPOfx offers a slightly smaller variety of trading assets than most other brokers.Tradable Instruments Supported Currency pairs✔Precious metals ✔Indices❌Stocks❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type Here are four account types XPOFX offers:Account TypeMin DepositStandard $500Gold$1,000Platinum$5,000Classic $10,000Leverage The maximum leverage level offered by XPOFX is up to 1:100, in terms of forex major pairs trading. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.Spread Spreads vary depending on various trading accounts. The Spread on EURUSD pair starts at 4 pips for the Standard accounts, 3 pips for the Gold account, 2 pips for the Platinum account, and 1 pip for Classic account, apparently much higher industry standard (1.5 pips).Account TypeSpreadStandard From 4 pipsGoldFrom 3 pipsPlatinumFrom 2 pipsClassic From 1 pipTrading Platform Like most traders, XPOFX offers traders the most popular MT4 trading platform on the market today, as well as the latest generation of MT4 - the MT5 trading platform. MT4 is highly respected by most traders around the world for its unparalleled charting package, a vast array of technical indicators, EA's and a large number of backtesting options.Trading PlatformSupported Available Devices Suitable for MT4✔PCBeginnersMT5✔PCExperienced tradersDeposit and Withdrawal The broker accepts payments via wire transfer, VISA, MasterCard credit cards, and e-wallets like Skrill, Neteller, Perfect Money, etc.XPOfx takes 1 day to process withdrawal requests.