SETFX-Overview of Minimum Deposit, Spreads & Leverage
Abstract：SETFX is registered in the United Arab Emirates and is not regulated. It offers four types of accounts, with a maximum leverage of 1:500 and spread from 2 pips. The minimum deposit is $100.
Note: SETFX's official website - https://setfx.ae/ is currently inaccessible normally.
| SETFX Review Summary | |
| Founded | / |
| Registered Country/Region | United Arab Emirates |
| Regulation | Unregulated |
| Market Instruments | / |
| Demo Account | / |
| Leverage | Up to 1:500 |
| EUR/USD Spread | From 2 pips |
| Trading Platform | / |
| Min Deposit | $100 |
| Customer Support | Email: support@setfx.ae |
SETFX is registered in the United Arab Emirates and is not regulated. It offers four types of accounts, with a maximum leverage of 1:500 and spread from 2 pips. The minimum deposit is $100.
Pros and Cons
| Pros | Cons |
| Multiple account types | Unavailable website |
| Flexible leverage ratios | Unregulated status |
| High spreads | |
| Unclear fee structure | |
| Limited contact channels |
Is SETFX Legit?
No, SETFX is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.
Account Type
| Account Type | Min Deposit |
|---|---|
| Micro | $100 |
| Standard | $500 |
| Mini | $1,000 |
| Professional | $10,000 |
Leverage
SETFX offers leverage up to 1:500, which can potentially bring high returns, but it also comes with high risks.
| Account Type | Max Leverage |
|---|---|
| Micro | 100:1 |
| Standard | 100:1 |
| Mini | 500:1 |
| Professional | 100:1 |
Spread
SETFX offers EUR/USD spread from 2 pips, which is higher than the industry average of 1.5 pips.
Read more
MTrading Users Report Withheld Funds and High Withdrawal Fees
Traders from Kenya and Thailand have had bad experiences with MTrading as they faced withdrawal restrictions, higher deposit fees, and refusal to release funds. Is MTrading safe to trade forex?
How the US Dollar Rules the Global Economy: Will Its Glory Continue?
The US dollar has been the world’s most important currency for many years. Its strong position, often called "dollar dominance", is not just because of America’s large economy, but for many more reasons. Keep reading to learn more!
Webull Canada Launches Options Trading and Advanced Tools
Webull Canada introduces options trading, Advanced Order Types, and OTC market access, offering enhanced opportunities for investors.
OANDA Expands ETF Offerings in EU for Portfolio Diversification
OANDA introduces 350+ ETFs in the EU, enhancing portfolio diversification with commission-free trades and competitive trading conditions.
WikiFX Broker
Latest News
Pi Network: Scam Allegations Spark Heated Debate
WikiFXBroker Comparsion: FXTM vs AvaTrade
WikiFXLove, Investment & Lies: Online Date Turned into a RM103,000 Scam
WikiFXAccount Deleted, Funds Gone: A New Broker Tactic to Beware Of?
WikiFXBroker Took 10% of User's Profits – New Way to Swindle You? Beware!
WikiFXOANDA Expands ETF Offerings in EU for Portfolio Diversification
WikiFXFCA Introduces PASS and AI Testing to Support Financial Innovation
WikiFXFCA Warns Public About 7 Unauthorised Financial Firms
WikiFXBroker’s Promise Turns to Loss – Funds Disappear, No Compensation!
WikiFXWebull Canada Launches Options Trading and Advanced Tools
WikiFXRate Calc
