General Information & Regulation
Extrasum is an offshore forex and CFD broker, offering investors a choice of 60 currency pairs and four trading accounts. Unfortunately, Extrasum is not currently licensed or authorized to provide financial services in the EU, the UK, US, Canada, Australia, and Japan markets.
Market Instruments
Extrasum offers investors over 60 currency pairs, as well as CFD products for energy and precious metals. Unfortunately, Extrasum does not offer trading in popular cryptocurrencies.
Minimum Deposit
To meet the needs and trading experience of different investors, Extrasum offers five different types of trading accounts: Nano (minimum deposit of $25), Micro (minimum deposit of $100), Standard (minimum deposit of $500), Raw Spread (minimum deposit of $1,000), Managed (minimum deposit of $25,000).
Extrasum Leverage
Trading leverage vary depending on various trading accounts. The Nano and Micro accounts offers the leverage of up to 1:200, and last three accounts offer the leverage level of 1:100.
Spreads & Commissions
The spreads on Extrasum's Nano accounts are 0.8 pips on EURUSD, 0.6 pips on Micro accounts, and 0.5 pips on Standard accounts. The spreads on the raw spread account start at 0 pips, and the trading commission is 12 USD per lot. Information on spreads for managed accounts is not available.
Trading Platform
Extrasum currently offers investors the most advanced MT5 trading platform on the market, which is the latest generation of MT4.
MetaTrader5 is one of the most reliable trading solutions on the market, featuring a user-friendly interface, excellent charting tools, numerous market indicators, and even trading robots that are customizable and help traders run automated trading sessions.
Deposit & Withdrawal
Extrasum supports traders to deposit and withdraw funds through various methods, mainly VISA, wire transfer, Neteller, Skrill, UpayCard, etc.
Extrasum Cons
1. No regulation
2. Managed accounts with potential interest conflicts
3. Unclear withdrawal times
