Score
FXSuit
Bermuda|5-10 years| https://www.fxsuit.com/en
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Japan 3.56Surpassed 15.30% brokers
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+44 (0)2075235320
Other ways of contact
Broker Information
More
Salvax Limited.
FXSuit
Bermuda
Pyramid scheme complaint
Expose
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $100 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $25,000 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $50,000 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | $100 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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FXSuit · Company Summary
General Information & Regulation
FX Suit is forex brokerage registered in Bermuda. The company behind the brokerage is registered with the name – Salvax Limited. The company is based in Bermuda which is an UK territory overseas in the North Atlantic Ocean. It also owns and operated the broker brand Navitas Markets. The government of Bermuda does not regulate Forex trading. We can safely conclude that the brokerage does not comply with any regulatory rules.
Risk Warning
An offshore location always brings with it unnecessary risk for traders because in case of fraud they have no authority for complaints, nor access to any sort of financial compensation scheme.
Markets Instruments
FXSuit offers 83 forex pairs with many exotic currencies like the Brazilian Real, Singapore Dollar, Norwegian Krone, Swedish Krona, Danish Krone, Hong Kong Dollar, Hungraina Forint, Polish Zloty, Czech Krona, South African Rand, Mexican peso, Turkish Lira, Russian Rubble and Chinese Yuan. Apart form those, while checking FXSuit trading platform we cam across a number of CFDs on spot metals like gold, silver, platinum and palladium, various agricultural and energy commodities like soybeans, wheat, coffee, cocoa, rice, sugar cotton, corn, copper, natural gas and oil, some 17 indices, stocks and even crypto coins – Bitcoin, Ethereum, Ripple and Litecoin. Besides, here you may also check our list of brokers, trading with Bitcoin CFDs:
Minimum Deposit
You can start trading with FXSuit with just a few dollars and that is great. However, since FXSuit is an unregulated broker, it is unsafe to register real trading accounts here.
Leverage
After leverage levels were caped throughout Europe, following similar moves by the regulators in the US and Japan, leverage as high as 1:500 as offered by FXSuit has become quite rare. Still, keeping in mind the risks associated with the higher leverage.
Spreads & Commissions
The spread on the EUR/USD pair is from 2.5 pips, higher than the industry standard, not a competitive pricing.
Trading Platform Available
FXSuit supports MetaTrader4 and this is another positive point. The platform is well known to traders – both professional and beginner. It features numerous market indicators and customizable trading bots, enabling you to run automated trading sessions. Also, the platform is light, with user-friendly interface and various charting tools.
Deposit& Withdrawal
Potential clients of the brokerage may deposit or withdraw via the standard Visa and MasterCard, as well as popular e-wallets such as Skrill and Neteller, FasaPay, as well as DotPay. Furthermore, there are withdrawal fees for the different payment gateways. Withdrawals via credit/debit cards are charged 2 euro per transaction while withdrawals via bank wire are charge-free. E-wallets Skrill, Neteller and FASAPAY are incurred the following fees respectively: 1 percent, 2 percent and 0.5 percent. DotPay is also charge-free.
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