In this 1000Extra Review, we are going to take a look at the offer that this broker prepared for its traders. 1000Extra operates on the financial market since 2013. When it comes to trading platforms, the broker features MetaTrader 4. The 1000Extra minimum deposit is 1000 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this 1000Extra Review
Website address: | 1000extra.com |
Operated by: | Company name: Mil Xtra LTD |
Licensed and authorised by regulatory bodies: | SVGFSA |
Supported languages: | English and Spanish |
Customer support available via: | E-mail, phone, live-chat |
Contact details: | [email protected] +97 239 155 972 |
Available deposit methods: | |
Available withdrawal methods: | Most likely the same as the deposit methods |
Minimum deposit: | 1000 USD |
Min. trade in lots: | 0.01 |
Spreads: | Typical spread on the currency pair EUR/USD - 3,3 pips * on standard account type |
Tradable assets: Might be a CFD. | Forex, stocks, commodities |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:400 |
Social trading: |
1000Extra Fees (typical spreads)
We have scanned fees (typical spreads) that 1000Extra charges when trading popular currency pairs, here is their breakdown in pips.
EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
---|---|---|---|---|---|
* | 3,3* | * | * | * | * |
*Typical spreads were recorded on 17.09.2020 at 09:54 for the standard account. 1000Extra spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: FXView, CashcageFX, HBG and LimitMarkets
Frequently Asked Questions
🧐 Is 1000Extra a Scam?
In accordance with our research, 1000Extra is a broker licensed and regulated by the SVGFSA. While it is a good thing that the broker is regulated, the SVGFSA regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that 1000Extra is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the 1000Extra minimum deposit?
In order to start trading with 1000Extra, you have to deposit at least 1000 USD (Trading accounts can also be held in USD, EUR, GBP).
📵 What deposit and withdrawal methods 1000Extra supports?
⚖️ Would you recommend me choosing 1000Extra?
We don’t have our own personal experience with 1000Extra. However, the broker is regulated by the SVGFSA which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with 1000Extra.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.