Score

1.54 /10
Danger

FxFINANCE

United States

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.20

Risk Management Index0.00

Software Index4.00

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

open now

Regulatory disclosure

Danger

VG FSC
2022-10-28

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
FxFINANCE
Fusion Markets
MaximusFX
FRIEDBERG DIRECT
AMarkets
Panthera Trade
Cooper Markets
KLIMEX
MRG
VARIANSE
Race Option
TurboForex
Deriv
HFTrading
Swiss Markets
IronFX
SupraFX
Blue Suisse
BlackStone Futures
Global Prime
USG
WorldMarkets
ICM Brokers
DeltinFX
BLI Securities
FOREXEASYONLINETRADING
CryptoRocket

Check whenever you want

Download App for complete information

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

FxFINANCE · Company summary
10月17日
FxFINANCEReview Summary
Founded2012
Registered Country/RegionUnited States
RegulationNo regulation
Market InstrumentsCurrencies, Gold & Silver, Binary Options
Demo AccountAvailable
LeverageUp to 1:100
SpreadStarting from 3 pips for Forex, 5 pips for CFDs
Trading PlatformMetaTrader 4 (MT4), UTIP
Min DepositStandard: $0, Gold: $50,000, Platinum: $100,000
Customer SupportPhone: +248 8 800 700 31 35
Email: info@fxfinance-pro.com

FxFINANCE Information

Founded in Seychelles in 2012, FXFinance provides a platform for trading a wide range of assets, including major, minor, and exotic currency pairs, gold, silver, and binary options. This platform implements competitive spreads and a commission-free structure. It offers customers three types of accounts, namely Standard accounts, Gold accounts and Platinum accounts. Besides, it provides a leverage ratio of 1:100. But it is currently unregulated and lacks security.

Pros and Cons

ProsCons
Diverse trading assetsOperates without regulation
Various account typesSubpar support with limited contact options and slow response times
Leverage of 1:100Official website is inaccessible
Competitive spreads and operates with a commission-free model

Is FxFINANCE legit or a scam?

FxFinance operates without regulation, meaning that it is not supervised by any financial regulatory authority. As a result, there is no guarantee of fairness and transparency in operation, and there is no authoritative resolution mechanism when disputes occur.

What Can I Trade on FxFINANCE?

Currencies, Gold and Silver, Binary options are able to be traded on FxFINANCE

Tradable InstrumentsSupported
Currencies
Gold & Silver
Binary Options

Account Types

FeatureStandard AccountGold AccountPlatinum Account
Minimum Deposit$0$50,000$100,000
Minimum Lot Size0.00 lots0.00 lots0.00 lots
Leverage1:1001:1001:100
SpreadsForex: from 3 pips, CFDs: from 5 pipsForex: from 3 pips, CFDs: from 5 pipsForex: from 3 pips, CFDs: from 5 pips
CommissionsNoneNoneNone
Trading InstrumentsForex, Gold, Silver, Binary OptionsForex, Gold, Silver, Binary OptionsForex, Gold, Silver, Binary Options
Trading PlatformsMetaTrader 4, UTIPMetaTrader 4, UTIPMetaTrader 4, UTIP
Demo AccountYesYesYes
VIP Benefits-Professional club access,Private functions, master classes, training courses,Dedicated customer supportAll Gold benefits , Exclusive tools & services such as Preferential trading conditions,Access to analytical center

FxFINANCE Fees

FxFINANCE Fees implements a commission-free model through its three types of accounts.

The Standard Account features Forex spreads for standard accounts start at 3 points and CFD spreads start at 5 points. Similarly, gold and platinum accounts maintain the same spread structure and do not charge additional commissions.

Trading Platform

FxFinance adopts the MetaTrader 4 (MT4) and UTIP trading platforms.

Trading PlatformSupported
MT4 Margin WebTrader
UTIP

Deposit and Withdrawal

The broker supports three payment methods. The first method is to use Credit cards like Visa and Mastercard. The second method is to use Online wallets such as WebMoney, OKPAY, LiqPay, PBR Money, PayPal, Sberbank, and Yandex. The third method is to use Bank tranfers.

Account typeMin. DepositProcessing Time
Standard Account$10Instant
Gold Account$50,000Instant
Platinum Account$100,000Instant
Withdrawal methodProcessing Time
Credit cards1-2 business days
E-wallets1-2 business days
Bank transfers3-5 business days

User Reviews

More

User comment

3

Comments

Write a review

FX1645596154
more than one year
Никто ни кого не регулирует из форекс брокеров в РФ, даже банковский форекс не дает гарантий по депозиту на котором лежат деньги, регистрации у всех финансовых компаний в офшорах, потому как ни кто из них не платит налоги, странные у вас господа предостережения по брокерам. Всем тогда расставляйте такие метки.
Никто ни кого не регулирует из форекс брокеров в РФ, даже банковский форекс не дает гарантий по депозиту на котором лежат деньги, регистрации у всех финансовых компаний в офшорах, потому как ни кто из них не платит налоги, странные у вас господа предостережения по брокерам. Всем тогда расставляйте такие метки.
Translate to English
2023-03-18 12:27
Reply
0
0
北极狼
more than one year
I have really good experience with FxFINANCE. I have mt4 account with them last 2 years main feature tight spread and good execution. Thanks for their service!
I have really good experience with FxFINANCE. I have mt4 account with them last 2 years main feature tight spread and good execution. Thanks for their service!
Translate to English
2022-12-13 14:58
Reply
0
0