General information and regulations of Costra-FX
Costra-FX is an online forex broker registered in Spain. Currently it has no effective regulation available, and the contents of its website are shown as “You are not authorised to view this resource.” As a result, we can hardly get much useful information.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Although we can‘t find relevant information about its instruments, if it’s a forex broker, it may and ought to provide currencies pairs. Moreover, other instruments like commodities, energies, metals, shares, indices and cryptocurrencies are also very likely to be available.
Spreads and commissions for trading with Costra-FX
Costra-FX does not detail on its website additional trading costs such as spreads, commissions, SWAPs, etc. These costs are very important when calculating profits and losses, and should be considered in aggregate and not chosen in isolation. If you want to trade with Costra-FX, we recommend that you take the time to calculate these transaction costs.
Account Types for Costra-FX
Costra-FX does not provide account information. Generally, Forex brokers offer several different levels of real accounts with different trading conditions (leverage, spreads, commissions, etc.) depending on the minimum deposit amount. Due to the law prohibiting interest in the Islamic region, some brokers also offer Islamic accounts without overnight interest charges.
In addition, many brokers offer demo accounts, where interested parties can trade without incurring real money losses. According to the contents of the right side of the website, Costra-FX provides a demo account.
Trading platforms offered by Costra-FX
Although Costra-FX does not offer too much information, we can easily see a metaquotes logo on the bottom of the website. As a result, Costra-FX is very likely to provide a MT4 or MT5 platform, or both.
Leverage offered by Costra-FX
You can't find information about trading leverage on Costra-FX's website. Some forex brokers offer leverage of up to 1:500, but newbies are advised to be cautious about such high leverage.
Deposit and withdrawal methods and fees
Costra-FX is ambiguous about how deposits and withdrawals work. Wire transfers, MasterCard, VISA, Maestro and some e-wallet processors such as Skrill, Neteller, PayPal and others are some of the most frequent and popular payment methods handled by most Forex brokers. The speed of withdrawing funds from a forex broker is also one of the most important factors in building a broker's reputation.
Educational resources
Some educational resources are available at Costra-FX, such as trading signals and tools, but what are exactly these tools are not clear.
Customer support of Costra-FX
Below are the details about the customer service.
Language(s): English
Email: info@costra-fx.net
Phone number: +34 682 399 845
Social media: Facebook, LinkedIn, twitter
Users exposures on WikiFX
We have not received any reports of fraudulent activity at this time.
Advantages and disadvantages of Costra-FX
Advantages:
Metaquotes platform
Trading signals
Demo account
Disadvantages:
No effective regulation
Few information available
Frequent asked questions about Costra-FX
Is this broker well regulated？
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
