Precise Forex Review: Regulation, Spreads & Leverage
ECN/STP broker based in Singapore with MetaTrader 4, a $1,000 minimum deposit and leverage up to 1:200.
- ECN/STP
- 1:200 Leverage
Your money is at risk
In this Precise Forex review
Precise Forex overview: what kind of broker is it?
Precise Forex is an ECN/STP forex and CFD broker based in Singapore, founded in 2015. No.
Traders get MetaTrader 4, spreads from 1.5 pips, leverage up to 1:200 and a $1,000 minimum deposit. New clients can also check the current Yes.
Precise Forex broker specifications
Company and regulation
| Broker | Precise Forex |
|---|---|
| Regulated by | No |
| Type of broker | ECN/STP |
| Country | Singapore |
| Foundation year | 2015 |
| Website | Visit Precise Forex website |
| Website languages | English |
Trading conditions
| Minimum deposit | $1,000 |
|---|---|
| Maximum leverage | 1:200 |
| Minimum spreads | 1.5 pips |
| Base currencies | USD/EUR |
| Tradable instruments | — |
| Hedging / scalping | Allowed |
| News trading | Allowed |
| Trading in public | No |
Bonus and promotions
| Current promotion | Yes |
|---|---|
| Welcome bonus | Yes |
| Standard no deposit bonus | No |
Contact details
| Telephone | support@precisemarkets.com |
|---|---|
| support@precisemarkets.com | |
| Fax | Not available |
| Head office | Singapore |
Precise Forex bonus
Precise Forex promotes a Yes for new traders. It is a simple way to test the broker's MT4 execution, spreads and withdrawal process before you add more of your own money.
How to claim the Precise Forex bonus
- Open a live account through the Visit Broker button.
- Verify your email, phone number and identity (KYC).
- Request the bonus from your client area or from support.
- Trade the required volume, then withdraw your eligible profit.
Bonus terms (required lots, time limit and withdrawal rules) can change at any time. Always read the latest conditions on the Precise Forex website before you claim.
Precise Forex pros and cons
Pros
- Regulated: No
- Yes for new traders
- Spreads from 1.5 pips, ECN/STP execution
- MetaTrader 4 on every device
- Islamic, mini, VIP and managed accounts
- 8 deposit and withdrawal methods incl. crypto
Cons
- No MetaTrader 4 or cTrader
- Bonus comes with trading-volume rules
Precise Forex account types
Precise Forex offers several account options so beginners and experienced traders can both find a fit. All live accounts start from a $1,000 deposit.
| Free demo account | Yes – practise with virtual money |
|---|---|
| Mini account | Yes – smaller trade sizes for beginners |
| VIP account | Yes – for high-volume traders |
| Islamic (swap-free) | Yes – no overnight swap charges |
| Managed account | Yes |
| Segregated client funds | Yes |
Precise Forex trading platforms
Precise Forex runs on MetaTrader 4, which gives you advanced charts, more timeframes, an economic calendar and support for expert advisors. Web trading and mobile trading are both available.
Precise Forex deposit and withdrawal methods
The same 8 methods work for both funding and withdrawals, which makes cash-outs simpler because you can usually withdraw the way you deposited.
Banks and cards
E-wallets
Crypto
Is Precise Forex safe and legit?
Precise Forex is a regulated broker. No. The broker says client money is kept in segregated accounts, separate from company funds.
Our verdict on safety
Precise Forex is a legitimate licensed broker. Start small, test a withdrawal early and use sensible leverage.
Who should choose Precise Forex?
Good fit for
- Traders who want MT4
- Bonus hunters testing a new broker
- Muslim traders needing swap-free accounts
- Scalpers, hedgers and news traders
Think twice if
- You prefer MT4 or cTrader
Precise Forex FAQ
Is Precise Forex regulated?
Yes. No.
What is the Precise Forex minimum deposit?
The minimum deposit to open a live Precise Forex account is $1,000.
Does Precise Forex offer a bonus?
Precise Forex currently promotes a Yes for new traders. Bonus credit normally has trading-volume and withdrawal conditions, so read the latest terms on the broker's website before claiming.
What is the maximum leverage at Precise Forex?
Leverage goes up to 1:200. High leverage increases both potential profit and potential loss, so most traders use far less.
Which trading platform does Precise Forex use?
Precise Forex uses MetaTrader 4.
Does Precise Forex offer Islamic swap-free accounts?
Yes. Islamic swap-free accounts are available, along with mini, VIP and VIP accounts.
How can I deposit and withdraw at Precise Forex?
You can use Bank transfer, credit card, Bitcoin, Ethereum Ripple, Litecoin, Monero, Dash and PayPal.