Score

1.17 /10
Danger

FalconX

United States

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Time Machine
Website

Score

Regulatory Index0.00

Business Index4.36

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Broker Information

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Company Name

FalconX Delta, Inc

Company Abbreviation

FalconX

Platform registered country and region

United States

Company website

Twitter

Linkedin

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

FalconX · Company summary
Broker Name FalconX
Founded in Within 1 year
Registered in No
Regulation Not Regulated
Products & Services Principal Liquidity, Derivatives, Financing,Direct Market Access, ETF Solutions, FX Trading, Prime Connect
Trading Platform No
Customer Service Social media: X(Formerly Twitter), LinkedinEmail :dataprotection@falconx.io, media@falconx.iocompliance@falconx.io

Overview of FalconX

FalconX is a brokerage firm established within the past year, operating without regulation. Their offerings encompass a wide array of products and services, including Principal Liquidity, Derivatives, Financing, Direct Market Access, ETF Solutions, FX Trading, and Prime Connect. Despite not having a trading platform, FalconX maintains a customer service presence on social media platforms such as Twitter and Linkedin, and can be reached via email at dataprotection@falconx.io and media@falconx.io for inquiries and support.

Overview of FalconX

Regulation

FalconX operates without regulation. This absence of regulation means that the firm may not be subject to compliance standards or oversight measures typically required in regulated financial services sectors. Investors and clients should be aware of this aspect when considering engaging with FalconX, as the absence of regulation may pose potential risks in terms of accountability, consumer protection, and adherence to industry standards.

Regulation

Pros and Cons

FalconX boasts several strengths, including its provision of deep liquidity, reliable execution, and capital efficiency, which can be advantageous for investors seeking efficient and effective trading experiences. However, its lack of regulation raises concerns regarding investor protection and transparency. Additionally, the absence of a proprietary trading platform may limit the trading options and user experience for clients. While FalconX's strengths in liquidity provision and execution reliability are notable, the regulatory uncertainty and absence of a trading platform may impact its reputation within the industry.

Pros Cons
  • Deepest liquidity
  • Lack of Regulation
  • Reliable execution
  • No Trading Platform
  • Capital efficiency
  • Uncertain Reputation

Market Instruments

FalconX offers a diverse array of market instruments. From Principal Liquidity to Derivatives, Financing, Direct Market Access, ETF Solutions, FX Trading, and Prime Connect, the platform provides a wide spectrum of financial products and services. Investors can access liquidity, engage in derivatives trading, explore financing options, and utilize direct market access for enhanced trading capabilities. Additionally, FalconX offers solutions for ETF trading, foreign exchange trading, and Prime Connect services.

Market Instruments

How to open an account

Opening an account with FalconX is a straightforward process that can be completed in four simple steps:

  1. Begin by clicking on the “Get Started” button on our website.

How to open an account

2. Fill out the required account information, including your name, company details, position, and email address.

3. After completing the form, click on “Send” to submit your application.

4. Finally, log in to your newly created account to start exploring FalconX's diverse range of financial products and services.

      How to open an account

Leverage

FalconX offers leverage with a maximum ratio of 5X:1. This means that traders using FalconX's platform can potentially amplify their positions up to five times the amount of their initial investment. Leverage allows traders to increase the potential returns on their trades but also amplifies the associated risks. It's important for investors to understand and carefully manage the risks associated with leveraged trading to avoid significant losses.

Leverage

Customer Service

FalconX ensures comprehensive customer support through various channels, including social media platforms like Twitter and LinkedIn. Clients can also directly communicate with FalconX via email, with dedicated addresses for different inquiries: dataprotection@falconx.io for data protection concerns, media@falconx.io for media inquiries, and compliance@falconx.io for compliance-related matters. This multi-faceted approach underscores FalconX's commitment to providing assistance to its clients across different aspects of their trading journey.

Customer Service

Conclusion

In conclusion, FalconX presents a compelling option for investors seeking a diverse range of financial products and services, including Principal Liquidity, Derivatives, Financing, Direct Market Access, ETF Solutions, FX Trading, and Prime Connect. While its deep liquidity, reliable execution, and capital efficiency stand out as strengths, the lack of regulation and absence of a proprietary trading platform raise concerns. Investors should weigh these factors carefully to make informed decisions based on their individual trading preferences and risk tolerance.

FAQs

How does FalconX ensure the security of my funds?

FalconX prioritizes the security of client funds through robust measures such as encryption protocols, cold storage solutions, and multi-signature authentication. Additionally, we employ stringent identity verification processes and collaborate with trusted banking partners to safeguard your assets.

What markets and instruments can I trade with FalconX?

FalconX offers access to a diverse range of markets and instruments, including cryptocurrencies, forex, commodities, and equities. Our platform provides opportunities for trading Principal Liquidity, Derivatives, Financing, Direct Market Access, ETF Solutions, FX Trading, and Prime Connect, catering to a wide spectrum of investment strategies.

How can I contact FalconX for support or inquiries?

You can reach FalconX's customer support team through various channels. For general inquiries, you can connect with us on social media platforms such as Twitter and LinkedIn. Additionally, you can reach out to us via email at dataprotection@falconx.io for data protection concerns, media@falconx.io for media inquiries, and compliance@falconx.io for compliance-related matters. Our team is dedicated to providing timely and responsive assistance to address your needs and queries.

Risk Warning

Online trading carries significant risk of total capital loss, unsuitable for all investors. It requires thorough risk comprehension before starting. Review content and date may change, and readers should verify current information directly with the broker before investing.

News

ExposureFalconX Pays $1.8 Million to Settle Landmark CFTC Crypto Registration Case

FalconX settles with CFTC for $1.8 million in the first action against an unregistered FCM facilitating access to digital asset exchanges.

WikiFX
2024-05-14 11:38
FalconX Pays $1.8 Million to Settle Landmark CFTC Crypto Registration Case

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