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FRFX -

Score

5.26 /10
Average

FRFX

Hong Kong

2-5 years

Regulated in Canada

Suspicious Scope of Business

Medium potential risk

https://www.frfx.markets

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Score

Regulatory Index4.62

Business Index6.10

Risk Management Index8.90

Software Index4.16

License Index4.62

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Licenses

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

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WikiFX Verification

FRFX · Company summary
FRFX Review Summary
Founded2022
Registered Country/RegionHong Kong
RegulationFINTRAC
Market InstrumentsForex, Stocks, Commodities, Cryptocurrencies
Demo AccountNot mentioned
LeverageUp to 1:400
SpreadFrom 0.2 pips (EURUSD)
Trading PlatformMT5
Min Deposit$100
Customer SupportEmail: support@florisiprime.com

FRFX Information

Established in 2022, FRFX is an unregulated brokerage company registered in Hong Kong. This firm provides more than 350 tradable instruments with its popular trading platform (MT5). FRFX gives five live trading accounts.

However, no phone support option could be a barrier for some investors.

FRFX Information

Pros and Cons

ProsCons
350+ investment optionsLimited customer support options
User-friendly MT5 platform
Multiple account types ( MINI, STD, VIP, PRO, and Trader)
Leverage options available
Regulated by the FINTRAC

Is FRFX legit?

FRFX is officially licensed and regulated by The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under license number M20201096.

Is FRFX legit?

What Can I Trade on FRFX?

With FRFX, you can make a diversified portfolio in 5 asset classes, including forex, futures, indices, commodities, stocks, and cryptocurrencies. This firm claims to offer more than 350 tradable instruments.

Compared to some other online brokerages, FRFX doesn't offer as many ways to invest. There's no ETFs trading or bonds trading. But overall, you still have a good mix of investment options.

Tradable InstrumentsSupported
Forex✔
Stocks✔
Futures✔
Indices✔
Commodities✔
Cryptocurrencies✔
Bonds❌
Options❌
Mutual Funds❌
ETFs❌

Account Types

Some online brokerages provide various account types. The bright side of this approach is that you might pay less in fees the more you invest.

FRFX presents five live trading accounts: MINI, STD, VIP, PRO, and Trader. Tighter spreads and higher margin call ratios become available as your investment grows.

If you invest at least $20,000, you will have spreads from 0.2 pips and a margin call ratio as high as 0.5.

Account TypeMINISTDVIPPROTrader
First Deposit100 USD2,000 USD5,000 USD20,000 USD5,000 USD
Subsequent Fund100 USD300 USD
LeverageCurrencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x
Minimum SpreadEURUSD: 1.8+; XAUUSD: 3.5+EURUSD: 1.3+; XAUUSD: 3.0+; EOSUSD: 1000; BTCUSD: 5000EURUSD: 1.1+; XAUUSD: 2.8+; EOSUSD: 1000; BTCUSD: 5000EURUSD: 0.2+; XAUUSD: 1.5+; EOSUSD: 1000; BTCUSD: 5000
Margin Call Ratio0.20.30.5
Single Position Size0.01-300.01-300.1-300.01-300.1-30

Leverage

FFRFX offers varying maximum leverages across its account types. The maximum leverage is 1:400. Detailed information is as follows:

Account typesMaximum Leverage
MINI1:100 (Currencies: Up to 100x; XAUUSD: Up to 50x)
STD1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x)
VIP1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x)
PRO1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x)
Trader1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x)

FRFX Fees

This firm provides spread starting from 0.2 pips. The spreads for EUR/USD are as follows:

Account typesSpreads
MINIFrom 1.8 pips
STDFrom 1.3 pips
VIPFrom 1.1 pips
PROFrom 0.2 pips
TraderFrom 0.2 pips

Trading Platform

MT5 (MetaTrader 5) is available with FRFX. You can apply it on multiple devices, including Windows, MAC, Android, and IOS.

Trading PlatformSupportedAvailable DevicesSuitable for
MT5✔Windows, MAC, iOS, AndroidInvestors of all experience levels
MT4❌
Proprietary platform❌
Trading Platform

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WU45139
more than one year
They offer excellent trading conditions with ultra-low spreads and a variety of account types. The platform’s security is solid, and the support is responsive
They offer excellent trading conditions with ultra-low spreads and a variety of account types. The platform’s security is solid, and the support is responsive
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2024-07-19 17:15
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FX1497620432
more than one year
Impressive range of markets and starting trades with just $100 is great for small-scale traders like me. Using MetaTrader 5 has made things smoother, especially on mobile
Impressive range of markets and starting trades with just $100 is great for small-scale traders like me. Using MetaTrader 5 has made things smoother, especially on mobile
Translate to English
2024-06-21 17:20
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