Webullforex Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-05 16:14

Abstract：Webullforex is a broker headquartered in Denver, USA. It provides traders with access to market instruments including foreign exchange, precious metals, energy and major global indices.

Webullforex Review Summary in 8 Points
Company name	Webullforex
Registered country/region	USA
Regulation	Unregulated
Trading Platforms	Tradingweb
Market Instruments	foreign exchange, precious metals, energy and major global indices
Maximum Leverage	1:100
Spread	Basic trading spreads are as low as 0; floating spreads as low as one point
Customer Support	Email: bakktforex@bakktfxs.com

Webullforex Information

　　Webullforex is a broker headquartered in Denver, USA. It provides traders with access to market instruments including foreign exchange, precious metals, energy and major global indices.

Pros And Cons

Pros	Cons
Various Market Instruments	Not regulated
Lower than the industry average spreads
Various deposit and withdrawal methods

Is Webullforex Legit?

　　You need to note that according to WikiFX's investigation, Webullforex is currently not regulated by any recognized financial authorities.

What Can I Trade on Webullforex?

　　You can trade dozens of products including foreign exchange, precious metals, energy and major global indices.

Tradable Instruments	Supported
foreign exchange	✔
precious metals	✔
energy	✔
major global indices	✔

Account Type

　　We were unable to obtain further details about the opening of their account as the website did not provide relevant information.

Webullforex Fees

　　Basic trading spreads are as low as 0 and floating spreads as low as one point. In order to trade leveraged CFDs or Forex, you will need to deposit a certain amount of money with Bakkt Market as margin.

　　For example, trading a 100:1 leveraged contract requires a margin of 1% of the contract value. Forex margin is calculated as follows: Margin = [number of lots * (contract size / leverage)] * opening price, in a standard account the contract size is 100 000 units for all Forex currencies.