Score

1.46 /10
Danger

Graphene Fx

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

United States Common Financial Service License Unauthorized

Suspicious Overrun

High potential risk

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Comparison

Quantity 5

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.63

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

GrapheneFx Limited

Company Abbreviation

Graphene Fx

Platform registered country and region

United Kingdom

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2025-02-07
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0541742) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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Graphene Fx · Company summary

Note: Graphene Fx's official website - https://graphenefx.com/ is currently inaccessible normally.

Graphene Fx Review Summary
Founded2015
Registered Country/RegionUK
RegulationNFA (Unauthorized), ASIC (Suspicious Clone)
Market InstrumentsCurrency pairs, stocks, indices, commodities and crypto currencies
Demo Account/
Islamic Account
LeverageUp to 1:500
EUR/USD SpreadFrom 0.4 pips
Trading PlatformMT4
Min Deposit$100
Customer Support24/5 support
Tel: +44 07883 685999, +44 7310 095845
Email: support@graphenefx.com, info@graphenefx.com
Twitter, Facebook, Instagram and YouTube
Address: 2 Norman Road, Thornton Heath, Surrey, CR7 7ED, United Kingdom
189/1513 Dandenong, Road Oakleigh, VIC 3166 Australia

Graphene Fx was registered in 2015 in the UK. On its platform, customers can trade currency pairs, stocks, indices, commodities, and crypto currencies. The minimum deposit is $100, and the leverage can be up to 1:500. However, this company holds a suspicious clone ASIC license and an unauthorized NFA license. Please be aware of the potential risks.

Pros and Cons

Pros Cons
Diverse tradable assetsInaccessible website
Multiple account typesSuspicious clone ASIC license
Commission-free account offeredUnauthorized NFA license
MT4 supportedCommission charged
Popular payment options

Is Graphene Fx Legit?

No, it currently only holds an unauthorized NFA license and a suspicious clone ASIC license. Besides, its domain status shows that client transferring is prohibited. Therefore, please note the potential risks.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
USA
National Futures Association (NFA)UnauthorizedGRAPHENE LIMITEDCommon Financial Service License0541742
Australia
Australia Securities & Investment Commission (ASIC)Suspicious CloneMCPO PTY LIMITEDCommon Business Registration654609024
Unauthorized NFA license
Suspicious clone ASIC license
Domain information

What Can I Trade on Graphene Fx?

Graphene Fx provides several types of products, including currency pairs, stocks, indices, commodities and crypto currencies.

Tradable Instruments Supported
Currency Pairs
Stocks
Indices
Commodities
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on Graphene Fx?

Account Type

Account TypeMin Deposit
Standard$100
Prime$1,500
G-Plus$3,000
ECN$10,000
Account comparison

Leverage

The maximum leverage ratio provided by Graphene Fx is much higher than most brokers, up to 500:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spread and Commission

Graphene Fx states that the spread for the EUR/USD pair starts from 0.4 pips.

As for commissions, different account types will be charged different commissions.

Account TypeCommission
Standard$6
Prime$4
G-Plus$2
ECN

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4Desktop (PC, Mac), mobile/tablet (Android, iPhone)Beginners
MT5/Experienced traders
MT4 for Desktop
MT4 for Mobile

MT4 for Tablet

Deposit and Withdrawal

From the logos shown at the foot of the home page on Graphene Fxs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, Skrill, Neteller, PayPal and WebMoney, Perfect Money, WesternUnion Wu and crypto wallets of Bitcoin, Litecoin, Ethereum, Tether, etc.

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User comment

6

Comments

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Yomoli
more than one year
The commissions for different account types are not clearly presented, leading to confusion. It's crucial to carefully review the terms and possibly seek more clarity from customer support to avoid any surprises.
The commissions for different account types are not clearly presented, leading to confusion. It's crucial to carefully review the terms and possibly seek more clarity from customer support to avoid any surprises.
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2023-12-12 09:59
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lilywang
more than one year
The high leverage of 500:1 is a significant advantage for me. It allows me to amplify my trading positions and potentially increase profits. Of course, I use it cautiously to manage risks.
The high leverage of 500:1 is a significant advantage for me. It allows me to amplify my trading positions and potentially increase profits. Of course, I use it cautiously to manage risks.
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2023-12-08 18:43
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5