Company Summary
Note: Contra FX's official website: https://contrafx.com is currently inaccessible normally.
| Contra FX Review Summary | |
| Founded | 2011 |
| Registered Country/Region | Belgium |
| Regulation | No Regulation |
| Market Instruments | Currencies, indices, shares, ETFs, CFDs and commodities |
| Demo Account | ✔ |
| Leverage | Up to 1:500 |
| Spread | From 0.8 pips |
| Trading Platform | MetaTrader 4, MT4 Mobile and Contra FX Pro trading platform |
| Minimum Deposit | $5000 |
| Customer Support | 24/7 live chat |
| Phone: +32 78480563 | |
| Email: contactsonline@contrafx.com | |
| Address: 126 Bulevar Anspach Brussels, Belgium | |
Registered in 2011, Contra FX is an unregulated financial company based in Belgium. It claims to offer trading on currencies, indices, shares, ETFs, CFDs and commodities.
Pros and Cons
| Pros | Cons |
| / | Non-functional Website |
| Lack of Transparency | |
| No Regulation |
Is Contra FX Legit?
At present, Contra FX lacks valid regulation. Its domain was registered on July 18, 2011, and the current status is “clientDeleteProhibited, clientRenewProhibited, clientTransferProhibited, clientUpdateProhibited”. Please pay high attention to the safety of your funds if you choose this broker.
What Can I Trade on Contra FX?
On Contra FX, you can trade with currencies, indices, shares, ETFs, CFDs and commodities.
| Tradable Instruments | Supported |
| Forex | ❌ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Shares | ✔ |
| ETFs | ✔ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type/Leverage/Spread & Commission
Contra FX provides Individual/Joint, Corporate, and Trust Accounts.
| Account Type | Individual/Joint Account | Corporate Account | Trust Account |
| Min Deposit | $5,000 | $10,000 | $100,000 |
| Max Leverage | 1:500 | 1:500 | 1:500 |
| Spread | 0.8 pips | 0.8 pips | 0.8 pips |
| Commission | ❌ | ❌ | ❌ |
| Demo Account | ✔ | ✔ | ✔ |
Trading Platform
Contra FX offers MetaTrader 4, MT4 Mobile and Contra FX Pro trading platforms.
Deposit and Withdrawal
Contra FX supports bank transfer and debit/credit cards.
