Score

1.35 /10
Danger

fxstringtrade

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index5.79

Risk Management Index0.00

Software Index4.00

License Index0.00

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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 : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

fxstringtrade · Company summary

Note:fxstringtrade's official website:https://nz.sp-investment.com/ is currently inaccessible normally.

FXStringTrade Information

Established in 2022 and having its headquarters in China, FXStringTrade is an unregistered investment company Through its Tier 1, Tier 2, and Tier 3 accounts, it presents a range of investment prospects.

The range of investment choices FXStringTrade presents—including NFT projects and real estate—is the main advantage of trading with it. The most major drawback, meanwhile, is the absence of regulatory control, which seriously jeopardises investors.

FXStringTrade Information

Pros and Cons

ProsCons
Tier-1 account offers a 25% deposit bonusMinimum deposit of $350 for Tier-1 account
Tier-3 account offers a 55% deposit bonusMinimum deposit of $12,000 for Tier-3 account
Offers investment in NFTs and real estateUnregulated

Is FXStringTrade Legit?

Running unfettered from any regulatory authority, FXStringTrade does not follow industry standards or provide protections generally requested by financial agencies. Trading with FXStringTrade is thus a high-risk activity.

Is FXStringTrade Legit?

The official website of FXStringTrade is prohibited now.

Is FXStringTrade Legit?

What Can I Trade on FXStringTrade?

Among the investment instruments available from FXStringTrade are restricted real estate options, NFTs, and cryptocurrencies, among others.

What Can I Trade on FXStringTrade?
Tradable InstrumentsSupported
Real Estate
NFTs
Cryptocurrencies
Stocks
Indices
Commodities
Forex

Account Types

FXStringTrade offers three types of live accounts: Tier-1, Tier-2, and Tier-3. It does not provide a demo account or an Islamic account.

Account Type
Account NameMinimum DepositDeposit BonusSuitable For
Tier-1$35025%Beginners
Tier-2$3,50040%Intermediate traders
Tier-3$12,00055%Experienced traders with higher capital

Deposit and Withdrawal

FXStringTrade doesn't charge fees for withdrawals. The minimum deposit varies by account type, with Tier-1 requiring a $350 minimum deposit.

Deposit OptionsMin. DepositFeesProcessing Time
Bank Transfer$350None1-3 Business Days
Cryptocurrency$350NoneInstant

Negative fxstringtrade on WikiFX

Exposure is the fundamental WikiFX comment section.

Before trading on unapproved platforms, people should review this part.It exposes material and evaluates hazards. Please discover specifics on our website here.

WikiFx encountered only one exposure.

Exposure.1 Good terms, worried

Negative fxstringtrade on WikiFX
ClassificationGood terms, worried
DateDecember,9th,2022
Post CountryNew Zeland

The client expressed interest in the transaction terms for trading cryptocurrency but worries about the company's short startup period.You should observe:

https://www.wikifx.com/en/comments/detail/Co202212096441104068.html

Customer Support

FXStringTrade offers 7/24 customer support through several channels.

Customer Support
Contact OptionsDetails
Phone-
Emailsupport@fxstringtrade.com
Support Ticket System
Online Chat
Social Media-
Supported LanguageEnglish
Website LanguageEnglish
Physical Address-
Live Chat
Contact Form

The Bottom Line

The key benefit of the tiered account idea with FXStringTrade is the deposit bonuses. Still, there is a major concern because of its lack of transparency on expenses and regulatory supervision. Those experienced traders ready to take additional risks will find this platform most suitable.

FAQs

Is FXStringTrade safe?

No, FXStringTrade is unregulated and considered high-risk.

Is FXStringTrade good for beginners?

No, because it's unregulated.

Is FXStringTrade good for day trading?

No, FXStringTrade's fees and spreads are aimed at long-term trading.

User Reviews

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_掌门大人
more than one year
The deal terms offered by this company look good! I want to trade some cryptocurrencies. But seeing that it has been established for less than a year, I am a little worried.
The deal terms offered by this company look good! I want to trade some cryptocurrencies. But seeing that it has been established for less than a year, I am a little worried.
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2022-12-09 11:16
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