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Praxis -

Score

2.25 /10
Danger

Praxis

Cayman Islands

2-5 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

https://praxisdigitaltrading.com

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Score

Regulatory Index0.00

Business Index6.84

Risk Management Index0.00

Software Index9.08

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

Praxis Digital Trading Group

Company Abbreviation

Praxis

Platform registered country and region

Cayman Islands

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Praxis · Company summary
Praxis Review Summary
Founded2019
Registered Country/RegionCayman Islands
RegulationNo regulation
Market InstrumentsForex, indices, commodities, stocks, CFDs
Demo Account❌
Leverage/
SpreadFrom 0.2 pips (forex)
Trading Platform/
Min Deposit/
Customer SupportContact form
Tel: +1-800-561-3599
Email: sales@praxisdigitaltrading.com
Address: Level 43, AIA Tower, 183, Electric Road, North Point, Hong Kong
Registered Address: CO Services Cayman Limited, PO Box 10008, Willow House, Cricket Square, Grand Cayman, KY1-1001, Cayman Islands

Praxis Information

Founded in 2019, Praxis is an unregulated broker registered in Cayman Islands, offering trading in forex, indices, commodities, stocks, and CFDs. However, demo accounts are not available and the minimum deposit requirement is unclear.

Praxis' homepage

Pros and Cons

Pros Cons
Various trading productsNo regulation
No demo accounts
Lack of transparency

Is Praxis Legit?

No. Praxis currently has no valid regulations. Please be aware of the risk!

Domain information

What Can I Trade on Praxis?

Tradable Instruments Supported
Forex✔
Indices✔
Commodities✔
Stocks✔
CFDs✔
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌
What Can I Trade on Praxis?

Spread

Asset ClassSpread
Forex From 0.2 pips
Metals From 15 cents on gold
Indices From 1 point on major indices
Commodities From 1 point on major symbols

User Reviews

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User comment

2

Comments

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Dsfwef
more than one year
Praxis needs to improve on notifying users about margin calls. Two of my accounts were unexpectedly closed because I wasn't informed in advance to add funds. Other brokers usually give a heads-up, but Praxis falls short in this crucial aspect.
Praxis needs to improve on notifying users about margin calls. Two of my accounts were unexpectedly closed because I wasn't informed in advance to add funds. Other brokers usually give a heads-up, but Praxis falls short in this crucial aspect.
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2023-12-29 18:19
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HowardLow4
more than one year
All in all, I feel very happy and lucky to be part of your company and look forward to being your partner for life in this trading business industry. Bravo!!!
All in all, I feel very happy and lucky to be part of your company and look forward to being your partner for life in this trading business industry. Bravo!!!
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2022-12-09 15:08
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