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No Regulation
Score
1.69 /10
Danger
Forexiw
Within 1 yearSuspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index3.87
Risk Management Index0.00
Software Index7.94
License Index0.00
Open Account
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
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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!
WikiFX Verification
| ForexiwReview Summary | |
| Founded | 2024 |
| Registered Country/Region | Comoros |
| Regulation | AOFA (Offshore Regulated) |
| Market Instruments | Stocks, Indices, Futures, Forex, Commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:2000 |
| Spread | From 1 pip (Standard account) |
| Trading Platform | MetaTrader 5/Web Platform |
| Min Deposit | $5 |
| Customer Support | 24/7 support |
| Tel: +1 (213) 459-0003 | |
| Email: Info@Forexiw.com | |
| Facebook, Instagram, Twitter, YouTube, etc | |
| Address: 1652, Tamani Arts OfficeBusiness Bay, Dubai, UAE | |
Forexiw is a regulated online CFD broker, launched in February 2024, that provides users with the easy-to-use MT5 trading platform for trading such financial instruments as forex, commodities, and stocks with leverage up to 1:2000 and spread from 0.0 pips. Demo accounts are available and the minimum deposit requirement to open a live account is just $5.
Pros and Cons
| Pros | Cons |
| Diverse market instruments | New to the market |
| Demo accounts | Offshore regulation |
| Multiple account types | Only crypto payment options |
| Flexible leverage ratios | |
| Commission-free account offered | |
| Support MT5 | |
| Low minimum deposit | |
| 24/7 support |
Is Forexiw Legit?
Forexiw is regulated by AOFA with the license number L15653/FM. However, its current status is offshore regulated.
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
|---|---|---|---|---|---|
 | Anjouan Offshore Finance Authority (AOFA) | Offshore Regulated | Forexiw Markets Ltd | Retail Forex License | L15653/FM |
What Can I Trade on Forexiw?
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Indices | ✔ |
| Futures | ✔ |
| Forex | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Cent | Standard | ECN | Pro ECN |
|---|---|---|---|---|
| Min Deposit | $5 | $50 | $100 | $5000 |
| Min Lot | 0.0001 | 0.01 | 0.01 | 0.01 |
| Stop out | 50% | 50% | 40% | 30% |
| Instruments | 30 | 30 | 102 | 230 |
| Demo | × | √ | √ | √ |
Leverage
Forexiw offers flexible leverage up to 1:2000, which can potentially bring high returns, but it also comes with high risks.
| Account Type | Max Leverage |
| Cent | 1:2000 |
| Standard | 1:500 |
| ECN | |
| Pro ECN | 1:300 |
Forexiw Fees
| Account Type | Spread | Commission |
|---|---|---|
| Cent | From 1 pip | ¢5 per lot |
| Standard | From 1 pip | ❌ |
| ECN | From 0.0 pips | $5 per lot |
| Pro ECN | From 0.0 pips | $3.5 per lot |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| WebTrader | ✔ | Web | / |
| MT5 | ✔ | / | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
| Payment Options | Min Deposit/Withdrawal | Fees | Deposit Time | Withdrawal Time |
| TRC20 | 15 USDT | / | Immediately | Within 3 minutes |
| ERC20 | 30 USDT |
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