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Introduction
Founded in 2008, NumerousFX is a product of the combined expertise of innovative entrepreneurs with diverse backgrounds, including IT security, banking, and stocks/forex trading. Each member brings over 15 years of experience in their respective fields to make the Forex market more accessible and profitable for a broader audience.
About NumerousFX
As a reputable Straight Through Processing (STP) forex broker, NumerousFX provides seamless access to the global currency markets through its cutting-edge trading platform. This firm is committed to ensuring a pleasant and straightforward trading experience for its clients by offering commission-free trading, competitive spreads, and minimal initial investment requirements. You can trade Forex, Commodities, and other CFD’s from anywhere in the world using a mobile device, tablet, or desktop.
Data Protection at NumerousFX
NumerousFX prioritizes your data security. While adhering to regulatory rules, they may disclose your personally identifiable information only when required. The firm is not responsible for the misuse or loss of personal data on its site(s) that it cannot access or control. Moreover, NumerousFX cannot be held accountable for the unauthorized or unlawful use of your personal data due to password mismanagement or malicious activities.
Trading Platform
NumerousFX operates solely on the MetaTrader 4 trading platform. Links to download and use this platform are readily available on the "Downloads" tab of the broker's website. Simply select the PROFX server name to access NumerousFX services. The MetaTrader 4 platform is feature-rich, accommodating a wide variety of trading styles to suit all trader types.
Leverage Details
With NumerousFX, leverages range from 1:300 to a remarkable 1:1000. The Basic account offers the lowest cap of 1:300, which is still quite expansive. As you upgrade your account type, the leverage cap increases, reaching a whopping 1:1000 on the Advanced account.
Trading Servers
NumerousFX utilizes the DMA (Direct Market Access) shared servers from their technology partners, named "ProFX". These servers, hosted in high-speed data centers in London & New York, use cutting-edge fiber optic technology. However, it's crucial to remember that NumerousFX is a Forex Broker while ProFX only provides technology for their MT4 platform.
Minimum Deposit and Account Types
The minimum deposit at NumerousFX varies with the account type. The Basic account allows a minimum deposit of just $100, while the other account types (Classic, Premium, Pro, and Advanced) require significantly higher minimum deposits.
NumerousFX offers five unique account types with distinct benefits to accommodate different trading styles. Each account offers varying leverage caps and spreads, providing incentives for larger deposits.
Withdrawal Processing & Wait Time
Unfortunately, NumerousFX's website does not specify the exact withdrawal processing times. However, their customer support is available 24 hours a day from Monday to Friday, suggesting that withdrawals are likely processed within these hours.
Conclusion
NumerousFX provides traders with a unique trading experience, offering leverage as high as 1:1000 on various financial instruments from the MT4 platform. Despite some uncertainties around withdrawal times and associated fees, NumerousFX's diverse account types and trading conditions cater to a wide range of traders.
