General Information
BigFx Claims To Be An Estonian Forex Broker That Offers Its Clients A Web-based Trading Platform, Leverage Of Up To 1:300, Fixed Spreads On Various Tradable Assets, And A Choice Of Five Different Account Types.
Market Tools
BigFx Advertises That It Offers A Wide Range Of Trading Tools On Financial Marekt, Including Forex Currency Pairs And CFDs On Indices, Commodities, Precious Metals, Stocks, Cryptocurrencies, ETFs, And Bonds.
Account Types
BigFx Offers Five Live Trading Accounts, Namely Elementary, Standard, Investor A, Trader VS, And Premium A +. The Minimum Initial Deposit Amount Required To Open A Junior Account Is $500, While The Minimum Initial Capital Requirements For The Other Four Account Types Are Much Higher, At $2,500, $5,000, $10,000, And $50,000.
Leverage
Traders Holding Different Account Types May Encounter Vastly Different Maximum Leverage Ratios. Elementary Or Standard Account Clients Can Experience 1:100 Leverage, Investor A Account 1:150 Leverage, Trader VS Account Up To 1:200 Leverage, And Premium A + Account Up To 1:300 Leverage. Keep In Mind That Leverage Can Amplify Gains And Losses, And Excessive Leverage Is Not Recommended For Inexperienced Traders.
Spreads
When We Tested On BigFxs Web-based Trading Platform, We Found That The Spread For The EUR/USD Currency Pair Was Fixed At 3.5 Pips. Other More Detailed Spread Information, Which Is Not Directly Addressed On Its Official Website.
Trading Platform Available
Talking About Available Trading Platforms, Instead Of The World's Most Widely Used Metatrader4 And Metatrader5 Platforms, BigFx Provides A Web-based Platform For Traders. The Interface Of This Web-based Trading Platform Is Shown In The Figure Below. It Looks Simple And Clear, But Seems To Be Missing Many Of The Features That Mt4 And Mt5 Trading Platforms Are Equipped With, Such As Technical Analysis Indicators, Automated Trading Expert Advisors, Etc.
Deposits And Withdrawals
BigFx Accepts Deposits Via Credit Card, Telegraphic Transfer, E-wallet And Cryptocurrency. The Minimum Initial Deposit Amount Is Said To Be $250. In The FAQ, The Broker Says "BigFx Imposes A 10% Tariff On The Requested Withdrawal Amount If The Total Deposit Is Not Met Over 200". In Addition, It Also Charges Some Other Withdrawal Fees. For Example, Telegraphic Transfer Fees Are $/£/50 Euros And Credit Card Fees Are 25 Dollars
Customer Support
Customer Support For BigFx Can Be Obtained By Phone: 3726026545, Email: Support@bigfx.net. However, The Broker Will Not Disclose Other More Direct Contact Information, Such As The Company Address, Which Most Brokers Do.
