Company Profile
Company Profile
Review summary
| Spy-FxReview Summary | |
| Founded | 2018 |
| Registered Country/Region | China |
| Regulation | No Regulation |
| Market Instruments | Forex |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | MT4 |
| Minimum Deposit | $500 |
| Customer Support | Contact form |
| Email: support@adrofx.com | |
| Social Media: WhatsApp, Twitter, Facebook, Instagram | |
Spy-Fx Information
SPY-FX is a trading platform founded in 2018 and registered in China, which mainly focuses on foreign exchange (Forex) trading services, and supports the MT4 trading system, which requires a minimum deposit amount of $500. Although the platform claims to offer 24/7 customer service and competitive trading with low spreads, it is not regulated by any regulator and lacks transparency in terms of account features, fee structure, and deposit and withdrawal processes. In addition, the SPY-FX platform automatically deducts 25% of the client's trading profits as a performance fee, and it is recommended that users with deposits of less than $10,000 choose a Cent account or only trade a single currency pair (e.g. EUR/USD). Therefore, investors should exercise caution when using the platform.
Pros & Cons
| Pros | Cons |
| 24/7 available | Limited info on account features |
| MT4 provided | No regulation |
| Specialized in forex trading | No MT5 |
| Multilingual support | High minimum deposit |
| No withdrawal fee |
Is Spy-Fx Legit?
SPY-FX is not regulated, and traders need to be cautious when trading.
What Can I Trade on Spy-Fx?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Stocks | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Bonds | ❌ |
| Cryptocurrencies | ❌ |
| Options | ❌ |
| Mutual Funds | ❌ |
| ETFs | ❌ |
Account Types
SPY-FX supports two types of live trading accounts: aCent Account and a Standard Account.
When depositing less than $10,000, SPY-FX advises traders to open a Cent account, or can open a Standard account, and apply for support to connect it to only 1 currency pair (EUR/USD).
Fees
Spreads: No specific data is declared, but spreads are low.
Membership Fee: SPY-FX automatically deducts a 25% performance fee from the trader's profits.
Trading Platform
SPY-FX supports trading using the MT4 platform. MT4 is a powerful and versatile trading platform that is widely used in forex, commodities, and cryptocurrency trading. It offers a wide range of technical analysis tools, custom indicators, and automated trading features such as Expert Advisors, and supports a wide range of account types and leverage options, making it one of the most popular trading platforms worldwide.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Deposit: The minimum deposit at SPY-FX is $500.
Withdrawal: SPY-FX does not charge fees for withdrawals.
