Abstract: FRFX, full name Flourisi co.,Limited , is a multi-asset broker registered in the United States, claiming to provide its customers with various gold transactions and flexible leverage up to 1:100 on the mt4 trading platform.
risk warning
Trading online involves significant risks and you could lose all of your invested capital. It is not suitable for all traders or investors. Please ensure you understand the risks involved and note that the information contained in this article is for general information only.
Basic Information and Regulations
basic | details |
Supervision | No supervision |
market tool | London Gold, Gold T+D, Paper Gold, Physical Gold |
account type | standard account |
demo account | N/A |
maximum leverage | 1:100 |
Spread (EUR/USD) | N/A |
Mercenary | N/A |
trading platform | MT4 |
Entry threshold | N/A |
Deposit and withdrawal method | N/A |
FRFX, full name Flourisi co.,Limited , is a multi-asset broker registered in the United States, claiming to provide its customers with various gold transactions and flexible leverage up to 1:100 on the mt4 trading platform. Here is the homepage of the broker’s official website:
As for the regulatory situation, FRFX The National Futures Association Regulatory Certificate held is not authorized. that's why FRFX The supervision status on wikifx is listed as "not currently supervised" and only received a low score of 1.02/10.
NOTE: Screenshot dated January 6, 2023. WikiFX is a dynamic score, which will track the dynamic real-time score of traders. The score captured at the current time does not represent the past and future scores.
market tool
FRFXIt advertises that it provides various gold transactions, including London gold, gold t+d, paper gold, physical gold, etc.
account type
FRFXIt appears that only standard accounts are offered and account information is not disclosed. Be aware that licensed brokers allow a minimum deposit of $100 or less to open an account.
lever
The leverage of different trading products is also different. For London gold, the leverage is 1:100, the leverage of gold T+D is 12.5 times, while paper gold and physical gold have no leverage. Remember, the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can work to your advantage or against you.
trading platform
FRFXThe platform available for trading is the most notable and preferred trading platform on the market - metatrader4, but it seems to be a bootleg. Due to its ease of use and powerful features, mt4 is highly praised by traders and brokers, offering top-notch charts and flexible customization options. It is also particularly popular for its automated trading robots (aka smart trading systems).
customer support
E-mail: service@flourisifx.com. In addition to email, FRFX No other contact details were disclosed. Most licensed brokers will provide information such as telephone numbers and company addresses.
Advantages and disadvantages
advantage | shortcoming |
• Rich and diverse gold trading products | • not regulated |
• Flexible leverage | • Insufficient transparency of information |
• Support MT4 |
common problem
Q 1: | FRFXIs it regulated? |
A 1: | FRFXThe National Futures Association Regulatory Certificate held is not authorized. |
Q 2: | FRFXDoes it support mt4 and mt5 trading platforms? |
A 2: | Support MT4. |
Q 3: | FRFXIs it friendly to newbies? |
A 3: | It is not recommended for anyone to trade with such unlicensed brokers. Please be sure to check the supervision carefully before trading. |