BenefitFX is a financial trading platform established on December 20, 2021, with its registered address located at Trust Company Complex in the Marshall Islands. The platform is operated by Mortelle LTD and offers trading services for various financial derivatives such as stocks, forex, commodities, and indices. While there is a company named Mortelle Ltd listed in the Marshall Islands' business registry, it is important to note that the Marshall Islands does not provide brokerage services for financial derivatives. The official website of BenefitFX is: https://benefitfx.org/en/
BenefitFX Corporate Background:
The domain name of BenefitFX was registered on December 20, 2021. Its corporate address is at Trust Company Complex, Ajeltake Road, Ajeltake Islands, Majuro, Republic of the Marshall Islands, MH 96960.
BenefitFX Regulatory Information:
BenefitFX promotes itself as a brand trademark of Mortelle LTD, located in the Marshall Islands, offering investment and trading services in stocks, forex, commodities, and indices. Upon inquiry, it is confirmed that there is a Mortelle Ltd in the business registry of the Marshall Islands. However, it is important to note that the Marshall Islands does not provide brokerage services for financial derivatives.
BenefitFX Account Registration Process:
- Visit the BenefitFX official website and click the register button.
- Fill out the application form.
- Submit identity verification / my number verification document.
- Deposit funds and start trading.
BenefitFX Account Types:
Basic Account:
- Minimum deposit: $250+
- Leverage: 1:100
- Spread: Starting from 2 pips
Silver Account:
- Minimum deposit: $1,000+
- Leverage: 1:100
- Spread: Starting from 2 pips
Gold Account:
- Minimum deposit: $5,000+
- Leverage: 1:100
- Spread: Starting from 1.5 pips
Platinum Account:
- Minimum deposit: $25,000+
- Leverage: 1:100
- Spread: Starting from 0.9 pips
VIP ECN Account:
- Minimum deposit: $100,000+
- Leverage: 1:10
- Spread: Starting from 0.9 pips
BenefitFX Trading Software:
BenefitFX has not yet disclosed detailed information about its trading software, raising concerns among investors about its technical support and trading tools. The choice of trading software is directly related to the smoothness and security of trading. Therefore, investors should be cautious when choosing a trading platform and prioritize those that provide transparent information and well-known trading software to ensure the safety of funds and the smooth execution of trades.
BenefitFX Trading Products:
BenefitFX offers a diversified range of trading products aimed at meeting the needs and preferences of various types of investors. The main categories of trading products offered by the platform include:
Stocks:
BenefitFX allows investors to trade in major global stock markets. Investors can buy and sell shares of well-known companies and benefit from corporate growth and dividend income.
Forex: Forex trading is one of the core products of BenefitFX. The platform offers a variety of currency pairs for trading, including major, minor, and emerging market pairs.
Commodities: BenefitFX supports trading in a wide range of commodities, including precious metals (such as gold and silver), energy products (such as crude oil and natural gas), and agricultural products (such as wheat and coffee).
Indices: The platform offers trading services for major global stock market indices. Through index trading, investors can invest in the overall market performance without having to purchase individual stocks.
What Are BenefitFX’s Spreads, Leverage, and Commissions?
BenefitFX offers various account types, each with different spreads and leverage:
Spreads:
- Basic and Silver accounts have spreads starting from 2 pips.
- Gold accounts have spreads starting from 1.5 pips.
- Platinum and VIP ECN accounts have spreads starting from 0.9 pips.
Leverage:
- Basic, Silver, Gold, and Platinum accounts have a leverage of 1:100.
- VIP ECN accounts have a leverage of 1:10.
Commissions:
BenefitFX does not explicitly mention specific commission fees in its account type information, suggesting that commissions may be included in the spreads.
BenefitFX Deposit and Withdrawal Methods:
BenefitFX does not specifically detail its deposit and withdrawal methods on its official website. Typically, traders may be able to use a variety of common payment methods, including bank transfers, credit cards, and electronic wallets.
BenefitFX Customer Support:
Email:support@benefitfx.cc
Phone: +7 499 609 12 59
Conclusion:
BenefitFX lacks transparent information about its trading software and specific details on deposit and withdrawal methods. There are inconsistencies between BenefitFX's promotional claims and its actual regulatory status. Currently, BenefitFX is listed as "Non-Regulation" on TraderKnows.
