General Information
AutoFX is an online forex broker owned and operated by AutoFX LLC., a company registered in Saint Vincent and the Grenadines, hyping that it offers a wide range of trading options across 3 different asset classes for its clients.
However, please note that AutoFX is not regulated or licensed by any regulatory authorities. Please be aware of the risk.
Market Instruments
Per AutoFX, it claims to offer a wide and diverse range of trading instruments across 3 different asset classes, which include over 80 currency pairs, major, minors, and exotic, metals, and indices.
Minimum Deposit
The minimum deposit to start with this broker is acceptable $100, which sounds friendly to new investors.
Account Types
There are three accounts are available: Investment Account, Standard account, and Demo account. The minimum deposit to open a Standard account is $100, accompanied by 0.01 lot of minimum volume, leverage up to 1:500, low spreads, and fast execution. The demo account offered has the same feature as the Standard account.
Leverage
The maximum trading leverage offered by AutoFX is up to 1:500, which is considered high. High leverage is a preferable choice for professional traders and scalpers, as it can present more trading flexibility. However, it is essential for inexperienced traders to choose the proper amount that they feel most at ease with since leverage can amplify gains as well as losses.
Spreads & Commissions
AutoFX claims that it offers competitive spreads and minimal commissions. Spread details are listed below:
Indices: spreads from 0.7 pips
Forex: spreads fixed from 0.1 pips
Metals: spreads from 1.5 pips
Please note that spreads may vary depending on assets and market volatility.
Trading Platform Available
AutoFX says it offers its clients access to the leading MT5 trading platform, which can be accessed on any device. In addition to providing access to currency and stock market trading, MT5 also allows users to perform technical and fundamental analysis.
MT5 is a fantastic choice for experienced traders thanks to its extensive set of indicators, several charting options, and numerous order types. The MetaTrader Market, where customers can download a variety of tools and features, is also accessible through the platform.
Deposit & Withdrawal
The minimum deposit is $100. AutoFX allows its clients to make a deposit and withdrawal through the following methods: Bitcoin, Ethereum, USDT, Wire Transfer, and PayPal.
Customer Support
Traders with any inquiries or trading-related issues can get in touch with this brokerage through Online Chat.
Besides, you can also follow this brokerage through some social media platforms including Instagram, Twitter, TikTok, Youtube, and Blog.
