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WikiFX Review: Is it ok to invest in CostraFX?
Abstract：There are many online forex brokers in the forex industry that attract your eyes. CostraFX is one of them. However, Is CostraFX the broker you thought it to be? In today’s article, WikiFX made a comprehensive review on CostraFX so that you can have a clear understanding of this broker.
About CostraFX
According to WikiFX, CostraFX, registered in Spain, is an online forex broker. this broker is located in Spain. It has experience of 2-3 years.
Trading Platform
You need to note that CostraFX uses neither MT4 nor MT5 trading platforms as its trading platform.
Account Types & Minimum Deposit
CostraFX offers 5 different types of accounts for traders to choose from. They are NordiaFX Account, ECN Account, Normal Account, Mini Account, and Demo Account. The minimum deposit is US$2500/EUR 2000/CHF2500.
| Minimum deposit | |
| NordiaFX Account | US$ 650 / EUR 500 / CHF 650 |
| ECN Account | US$ 2500 / EUR 2000 / CHF 2500 |
| Normal Account | US$ 650 / EUR 500 / CHF 650 |
| Mini Account for Beginners | US$ 150 / EUR 100 / CHF 150 |
| Demo Account | US$ 0 / EUR 0 / CHF 0 |
Leverage
If you choose NordiaFX Account, Normal Account, or Demo Account, the leverage is 1:200. For people who choose ECN Account, the leverage is 1:100. And 1:300 leverage for Mini Account for Beginners.
Shabby website
As you can see from the above, the official website of this broker looks kind of poor-designed. And we cannot find out enough information as it shows “You are not authorised to view this resource.” Moreover, when we click most buttons on this website, it shows us nothing but “domain for sale”. See below.
Regulation: Is CostraFX legit？
No. CostraFX is an unlicensed broker. It is not regulated by any regulatory agencies. As far as we know, CostraFX has been marked by WikiFX as “No License”. As a result, WikiFX has given this broker a very low score of 1.32/10.
Conclusion
CostraFX is an unregulated broker with a very low WikiFX score. CostraFX is not the broker it claims to be. WikiFX advises investors to do more research before investing in this broker. After all, an unlicensed broker is less likely to ensure your funds safety.
If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.
Click on CostraFX' WikiFX page for details
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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