NYGCM/NYFX Spreads, leverage, minimum deposit Revealed

　　General Information & Regulation

　　NYFX global is the trading name of NYFX Financial Services LLC licensed and regulated by Financial Services Authority St.Vincent and the Grenadines (SVG FSA), providing retail, professional, and institutional clients with multi-asset trading. NYFX is in full compliance with the regulatory rules and regulations applicable to the financial services authority of Saint Vincent and the Grenadines (SVG FSA). Supervision No.: 367 LLC 2020.

　　Markets Instruments

　　NYFX provides investors with popular and mainstream tradable instruments in the global financial market, including Forex (over 40 tradable currency pairs, major, minor, and exotic currency pairs), commodities (metals, energies, and soft commodities), indices (spot and futures products), stocks (US and EU stocks) and bonds.

　　 Minimum Deposit

　　Four account options are listed on NYFX platform: Variable, Fix , ECN and VIP accounts. The minimum initial deposit fror the variable and fix accounts is only $10, while the minimum deposit for the ECN and VIP account soars to $1,000.

　　Leverage & Account

　　In terms of trading leverage, leverage is up to 1:1000 for Forex instruments, 1:200 for Commodities trading, 1:100 for Indices, 1:50 for Stocks, and 1:10 for Bonds.

　　Spreads & Commissions

　　The minimum spread for Variable accounts is 1.4 pips for EURUSD, 1.5 pips for EURGBP, 1.5 pips for Gold, and 1.5 pips for Silver. The lowest spread for fixed spread accounts is 1.6 pips for EURUSD, 2.2 pips for EURGBP, 3.7 pips for Gold, and 1.5 pips for Silver. The lowest spread is 0.8 pips, the lowest spread for Silver is 0.8 pips. For the Variable account, the fixed spread account, and the VIP account, commissions are calculated into spreads for forex trading.

　　Trading Platform

　　The MT4 is an intuitive and flexible user interface that provides traders with ample room for full customization. MT5 is the most advanced online trading platform, the latest version of MT4, with professional charting tools and a full range of professional features such as order following and automated trading. Both trading platforms are available in web, desktop, Android, and iOS versions, allowing traders the flexibility to choose according to their needs.

　　Deposit & Withdrawal

　　The minimum withdrawal limit is $50, and forex traders can only withdraw the available balance. If the trader has any open positions, he should carefully consider the amount to be withdrawn. If the user's margin ratio is less than or equal to 100% after the withdrawal amount is deducted, then the user's withdrawal application will not be processed.