WikiFX Review: Is it ok to invest in CostraFX?

About CostraFX

According to WikiFX, CostraFX, registered in Spain, is an online forex broker. this broker is located in Spain. It has experience of 2-3 years.

Trading Platform

You need to note that CostraFX uses neither MT4 nor MT5 trading platforms as its trading platform.

Account Types & Minimum Deposit

CostraFX offers 5 different types of accounts for traders to choose from. They are NordiaFX Account, ECN Account, Normal Account, Mini Account, and Demo Account. The minimum deposit is US$2500/EUR 2000/CHF2500.

Leverage

If you choose NordiaFX Account, Normal Account, or Demo Account, the leverage is 1:200. For people who choose ECN Account, the leverage is 1:100. And 1:300 leverage for Mini Account for Beginners.

Shabby website

As you can see from the above, the official website of this broker looks kind of poor-designed. And we cannot find out enough information as it shows “You are not authorised to view this resource.” Moreover, when we click most buttons on this website, it shows us nothing but “domain for sale”. See below.

Regulation: Is CostraFX legit？

No. CostraFX is an unlicensed broker. It is not regulated by any regulatory agencies. As far as we know, CostraFX has been marked by WikiFX as “No License”. As a result, WikiFX has given this broker a very low score of 1.32/10.

Conclusion

CostraFX is an unregulated broker with a very low WikiFX score. CostraFX is not the broker it claims to be. WikiFX advises investors to do more research before investing in this broker. After all, an unlicensed broker is less likely to ensure your funds safety.

If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.

Click on CostraFX' WikiFX page for details