ALERT | Fxedeal Review: Is It Legit Or A Scam?

Other than the minimum deposit amount, the leverage, and the charges levied on select accounts, Fxedeal’s range of accounts does not differ much from one another.

There was little point in opening an advanced account and paying $3 per side per lot when we could simply open a basic account for less money and with no commission and get the same leverage, as it turned out, even though the broker had promised to give us the leverage of up to 1:500 (or 1:400, they didn’t seem to be sure) on some accounts

The UK, the EU, and Australia, for instance, have outlawed anything higher than 1:30 on FX majors for retail clients, so 1:100 is a rather large amount.

This is due to the possibility that enormous leverage could result in both large profits and equally large losses—sometimes losses you cannot afford. However, if you are aware of this and still choose to trade with a leverage of 1:100, look into reputable brokers who provide such rates.

Just $100 is required to start the most basic account with Fxedeal. Even though it normally is, this might appear like a good deal. However, because this broker is a swindler, you should not trust them with any money.

Last but not least, the spreads we received on MT5 were quite competitive – as low as 0.1 pip on EURUSD. Rarely, even the finest brokers, can maintain spreads below 0.5 pip without levying a commission. However, given that this is an illegitimate broker, we would anticipate that the platform has been tricked in some way to display these spreads and persuade you that depositing with Fxedeal is a fantastic choice – when it is suspicious from what I believe.