Foraxi Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-23 16:40

Abstract：Registered in 2007, Foraxi is an unregulated brokerage firm based in Saint Kitts and Nevis. It provides Forex, CFD, and Crypto via WebTrader and Mobile Trader.

Foraxi Review Summary
Founded	2017
Registered Country/Region	Saint Kitts and Nevis
Regulation	No Regulation
Market Instruments	Forex, CFD, and Crypto
Demo Account	❌
Leverage	Up to 1:100
Spread	From 0.5 pips on all majors
Trading Platforms	WebTrader and Mobile Trader
Minimum Deposit	$100
Customer Support	Phone: +447383441692
	Email: support@foraxi.com
	Address: Room 409, Beverley Commercial Centre, Tsim Sha Tsuikowloon - 999077 Hong Kong

　　Registered in 2007, Foraxi is an unregulated brokerage firm based in Saint Kitts and Nevis. It provides Forex, CFD, and Crypto via WebTrader and Mobile Trader.

Pros and Cons

Pros	Cons
Diverse account types	No regulation
Multiple customer support channels	No demo accounts
Low min deposit
Web and mobile platforms

Is Foraxi Legit?

　　At present, Foraxi lacks valid regulation. Its domain was registered on Dec 12, 2017, and the current status is “clientDeleteProhibited, clientRenewProhibited, clientTransferProhibited, clientUpdateProhibited”. Please pay high attention to the safety of your funds if you choose this broker.

What Can I Trade on Foraxi?

　　On Foraxi, you can trade with Forex, CFD, and Crypto.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Commodities	❌
Indices	❌
Cryptocurrencies	✔
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌