General Information
Established in 2017, NETFX is said to be an online forex broker registered in the United Kingdom, offering its clients forex and CFD-related services. NETFX says it offers 24x7 customer services on investment and withdrawals.
NETFX is owned and operated by a company called NETFX LLC. Please note that it has been verified that this brokerage house is not authorized or regulated by any regulatory authorities, and it got a quite low score of 1.08 (with the full mark up to 10 points) in light of the Regulatory Index, License Index, Risk Management Index, Software Index, and Business Index. Although this does not necessarily mean that NETFX is a scam, investors should also take care and be aware of the risk involved.
Market Instruments
With NETFX, investors can get access to a wide selection of trading instruments, such as Foreign Exchange, Exchange Indexes, Cryptocurrencies, CFD products, Commodities, Gold, and Oil.
Account Types
NETFX offers four types of live trading accounts for clients to choose from, namely Standard, Silver, Gold, and Platinum accounts. However, additional account features are not disclosed, even the minimum initial deposit requirement for each account.
Demo accounts are also available with this platform, and it is an excellent tool for traders to get a feel of this platform, test its products and enhance their trading skills without risking their real money.
Leverage
NETFX says it offers generous leverage for its clients, which is up to 1:400. To protect retail traders, most influential regulatory authorities lower the cap of leverage to 1:30. While NETFX is an unregulated broker with no restriction on leverage, it offers such high lever with a purpose of just attracting more investors.
Trading Platform
NETFX says it offers clients a popular MT5 trading platform that can be accessed on Desktop, Mobile, and Web terminals, as well as a Web Trader. MT5 trading platform is equipped with multiple technical indicators, powerful charting tools, and a large number of trading tools, supporting EA (Expert advisors) which allows traders to operate automated trading themselves. Besides, it also provides market analysis & news, technical analysis, and more.
Customer Support
When it comes to customer support, traders or clients with any inquiries or trading-related issues can only get in touch with this brokerage through an email: info@netfxcm.com. This broker says it offers 24 x7 customer support.
Risk Warning
Trading derivatives and leveraged products carry a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone.
Please note that the information contained in this article is for general information purposes only.
