ivy-markets
We may earn a commission if you open an account through links on this page, at no extra cost to you. Broker terms can change, so check the broker's own site before you sign up.
- Regulators
- MISA (Mwali International Services Authority, Comoros)
- Minimum deposit
- $50
- Maximum leverage
- 1:400
- Spreads from
- 0.2 pips
- Platforms
- MT5
Strengths
Standard account minimum deposit is listed at about $50 on the website, so it is easy to start. Standard account spreads start from 0.2 pips with no commission. Uses the MT5 platform on desktop and mobile. Demo accounts and swap-free options are available.
Things to know
No licence from a top-tier regulator (FCA, ASIC, CySEC). It is only listed with MISA (Mwali, Comoros), which gives limited investor protection. Several review sites, such as WikiFX, say it has no valid forex licence, so the risk to client funds is higher. Sources disagree on conditions (minimum deposit of $5, $50 or $200 depending on account), so confirm with the broker before depositing. Very high leverage (1:400, and "unlimited" on Pro accounts) greatly increases the risk of loss for beginners. Professional accounts (Raw Spread/Zero/Pro) need a $200 minimum deposit and charge per-lot commission.
Before opening an account, check the licence on the regulator's own website and read the deposit and withdrawal terms.