Trading with Compass FX will involve selecting from various firms available with spreads from 0.2 pips and leverage ranging from 1:50 to 1:200. The minimum deposit required to register a Compass FX account is $500 USD / R 8000 ZA
| 🔎 Broker | 🥇 Compass FX |
| 💰 Minimum Deposit | $500 USD |
| 💰 South African Rand | R8000 ZAR |
| 📊 Spreads from | 0.2 Pips |
| 💳 Leverage | ranges from 1:50 to 1:200 |
| 🛑 Inactivity Fee | ☑️ No |
Min Deposit
USD 500
Regulators
NFA, ASIC
Trading Platform
MT4, NinjaTrader, Tradingview
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
CompassFX Fees, Spreads & Commissions – 7 Key Point Quick Overview:
Compass FX Fees and Spreads overview- Compass FX Additional Trading Fees
- Compass FX Broker Fees
- CompassFX at a Glance
- Compass FX Pros and Cons
- Compass FX Conclusion
- Frequently Asked Questions
Compass FX Fees and Spreads overview
Compass FX spreads on EUR/USD starts from 2 to 3 points, while on other currency pairs spreads vary from 3 to 4 points.
Fees, spreads, and commissions that traders can expect on the company’s spread list when trading with Compass FX is as follows:
- Compass FX is an introducing broker for other forex brokers
- Compass FX does not accept forex scalping trading
- The leverage ranges from 1:50 to 1:200. Micro lots and IRA accounts are available
Compass FX Additional Trading Fees
When trading financial instruments such as forex, traders can expect overnight fees, or swap fees will be applicable when positions are held for longer than one trading day.
Compass FX does not provide an Islamic Account for Muslim traders who follow the Sharia Law and are prohibited from earning or paying interest where the holding of open positions is concerned.
The Compass FX support team can be contacted to find out with which introduces brokers spread betting is allowed and what spread betting fees would apply.
Compass FX Broker Fees
Compass FX does not charge deposit fees or inactivity fees. Traders need to verify what additional charges which may be waived by their financial institution.
No withdrawal fees are charged.
CompassFX at a Glance
| Broker's Name | Compass FX |
| 🏛️ Headquartered | Richardson, Texas |
| 👋 National Futures Association, NFA | registration number 0232832 |
| 🏦 Accounts | Standard account, Micro account |
| 📅 Year Founded | 1990 |
| ⚖️ Regulating Authorities | National Futures Association (NFA), Australian Securities and Investment Commission (ASIC) |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | No |
| 💹 Sign up Bonus | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | Up to 200:1 leverage through FX Solutions Australia, Gain Capital U.K. and FXDD. |
| 💰 Minimum Deposit | $500 USD / R8000 ZAR |
| 💳 Deposit Options | Bank wire transfer, credit cards |
| 💳 Withdrawal Options | According to introduced brokers |
| 💻 Platform Types | MetaTrader 4 |
| 📱 OS Compatibility | Web, Desktop, Mobile |
| 📈 Tradable assets offered | Forex, CFDs and gold and silver |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | Not indicated |
| 📆 Customer Service Language | English |
| 📆 Customer Service Hours | 24/7 |
| 🔎 Open an Account | 👉 Click Here |
Min Deposit
USD 500
Regulators
NFA, ASIC
Trading Platform
MT4, NinjaTrader, Tradingview
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Compass FX Pros and Cons
| ✔️Pros | ❌ Cons |
| Informative website | High spreads |
| Platform in 12 languages for global reach | No information about payment methods |
| Amazing liquidity | No Islamic Account options |
| Popular Internet trading software | No real choice of account types available |
| 2-3 pip spreads on EUR/USD and USD/JPY | |
| 3-4 pip spreads on other major currencies | |
| Fast and reliable trade execution | |
| Trailing stops and hedging capability | |
| Demo accounts can be opened | |
| Excellent customer service | |
| Platform available in 12 languages | |
| Trailing stops and hedging capability | |
Compass FX Conclusion
Compass FX trading will involve selecting from various firms available that have spread from 0.2 pips and leverage ranging from 1:50 to 1:200. The minimum deposit required to register a Compass FX account is $500 USD / R 8000 ZA.
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Frequently Asked Questions
Does Compass FX have ZAR accounts?
Yes, the Standard account offered by Compass FX is offered to South Africans.
What type of spreads applies to Compass FX?
Spreads with Compass FX start from 0.1 pip on the Standard account.
Will I have to pay any deposit and withdrawal fees with Compass FX?
No deposit or withdrawal fees apply with Compass FX
Does Compass FX charge inactivity fees?
Compass FX does not charge inactivity fees on the standard account.
Is Compass FX regulated and by whom?
Yes, Compass FX is regulated by the FNA
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