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WeekendFX -

Score

2.85 /10
Danger

WeekendFX

The Virgin Islands

2-5 years

Regulated in The Virgin Islands

Common Business Registration

Suspicious Overrun

Medium potential risk

Offshore Regulated

https://weekend-fx.com

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index1.25

Business Index6.27

Risk Management Index0.00

Software Index8.60

License Index1.25

Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

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Company Name

Shogun Consultants Limited

Company Abbreviation

WeekendFX

Platform registered country and region

The Virgin Islands

Company website

X

Instagram

YouTube

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-10
  • This broker exceeds the business scope regulated by The Virgin Islands FSC(license number: 9453)Business Registration Non-Forex License. Please be aware of the risk!
  • The The Virgin Islands FSC regulation with license number: 9453 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

Login screen comparison with Forexland

As you can see from the image, it is clearly a copy site. Recently, there has been an increase in the number of copy trading requests on WeekendFX, but please be careful as there is a high possibility that the contents are from Forexland, which is notorious for Ponzi.

CSM
2024-03-14 13:02
Others

Fake Licenses

WeekendFX (SHOGUNCONSULTANTS LTD) license says on their official website that they have MSB and NFA, but they actually do not have them! A search on the official websites of each agency shows that the MSB was not obtained in the first place and the NFA was withdrawn on February 3, 2023! https://www.nfa.futures.org/BasicNet/basic-firm-exemptions.aspx?nfaid=IN1gNF1tnRo%3D

CSM
2024-02-10 13:34
Others

I have already withdrawn from NFA and have not joined MSB.

When I checked on the official website of NFA, I have withdrawn my membership (attached) in MSB. MSB Registration Number/DCN must be 14 digits number. So, the number M22538696 on the weekendFX website does not have enough digits. This is probably from FINTRAC, and they are using it to make you believe (attached). I was almost fooled by a person called the Technical Goddess.

わる
2024-02-20 10:22
Unable to Withdraw

Unable to move funds or make withdrawal requests

I opened an account for 〇〇 trading and conducted copy trading. However, there were suspicious parts in the transaction history, so I tried to withdraw and cancel my membership. However, I couldn't transfer funds from my account to my wallet, and even when I requested support, I couldn't get proper assistance. After the fund transfer was completed, I couldn't make a withdrawal request. In the end, I had to create two support tickets for a single fund transfer, and it took time to receive a response. I also had to create two tickets for the withdrawal process. It took more than 10 days to complete the withdrawal. 😥 Furthermore, when I look at the transaction history, there are some entries without round numbers or decimal places, which raises doubts about whether the orders were actually placed.

FX2303903161
2024-08-24 20:33
WeekendFX · Company summary
WeekendFX Review Summary
Founded2020
Registered CountryBelize
RegulationFSC (Exceeded)
Tradable AssetsForex, cryptocurrencies, indices, gold & silver
Demo Account✅
Leverage100:1
SpreadFloating
Trading PlatformMT4, MT5
Min Deposit 1,000 USD
Customer SupportContact form
Email: customer@weekend-fx.com
YouTube, Twitter, Instagram
Office address: 19 Waterfront Dr, Tortola VG1110, British Virgin Islands
Vailiou Vrionidi 6 office 501-2, Gala Court Chambers 5th floor, 3095 Limassol, Cyprus
Regional RestrictionsUnited States, Iran, Cuba, Sudan, Syria, and North Korea

WeekendFX Information

Founded in 2020, WeekendFX is a multi-asset broker registered in Belize, offering trading on forex, cryptocurrencies, indices and gold & silver with leverage up to 1:100 and floating spreads via the MT4 and MT5 platform. Demo accounts are available and the minimum deposit requirement to open a Standard account is as high as 1,000 USD. It claims to be regulated by FSC, but its current status is exceeded.

WeekendFX's homepage

Pros and Cons

ProsCons
  • Various trading instruments
  • Exceeded FSC license
  • Security measures provided
  • Limited account types
  • Demo accounts
  • HIgh minimum deposit
  • No commissions on forex
  • No info on payment options
  • Popular MT4 and MT5 platforms with extensive features
  • Regional restrictions
  • Multiple contact channels

Is WeekendFX Legit?

Currently, WeekendFX only holds an exceeded FSC license.

Regulatory AgencyBritish Virgin Islands Financial Services Commission (FSC)
Regulatory StatusExceeded
Regulated byThe Virgin Islands
Licensed InstitutionShogun Consultants Limited
Licensed TypeCommon Business Registration
Licensed Number9453
Exceeded FSC license

Besides, the broker claims to offer negative balance protection, segregated accounts, and has contracted with a leading Web Application Firewall (WAF) provider to protect their infrastructure and servers from web threats such as SQL injection and XSS attacks, blocking harmful traffic.

Security measures

Security measures

Market Instruments

Tradable InstrumentsSupported
Forex✔
Gold & silver✔
Indices✔
Cryptocurrencies✔
Commodities❌
Stocks❌
Bonds❌
Options❌
ETFs❌

Account Type

WeekendFX keeps things simple with two account types: STANDARD and DEMO. Both offer the same leverage ratio of 100:1 and utilize floating spreads. The minimum deposit to open a STANDARD acccount is as high as 1,000 USD. The accepted currencies are USD and JPY.

Account comparison

Leverage

WeekendFX offers the maximum leverage available is 100:1 on forex trading. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Leverage

Trading Platform

WeekendFX empowers traders with two industry-leading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Trading PlatformSupported Available DevicesSuitable for
MT4✔/Beginners
MT5✔/Experienced traders
cTrader❌//
TradingView❌//
MT5 vs cTrader

User Reviews

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User comment

7

Comments

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FX2303903161
0-3months
〇〇式トレードのため口座開設しコピトレを行っていたが、取引履歴に怪しい部分があったので退会しようと出金を試みたが、口座からウォレットへの資金移動もできず、サポートに依頼するも要領を得ない。資金移動が完了後は出金申請ができず、結局は一回の資金移動に2回のサポートへのチケット起票、返答には時間もかかり、出金についても2回ほどチケット起票。出金までに10日以上かかった。😥 また、取引履歴を見るとキリ番や、小数点以下ないか記載がないものもあり、本当にオーダーされているのか疑問も残る。
〇〇式トレードのため口座開設しコピトレを行っていたが、取引履歴に怪しい部分があったので退会しようと出金を試みたが、口座からウォレットへの資金移動もできず、サポートに依頼するも要領を得ない。資金移動が完了後は出金申請ができず、結局は一回の資金移動に2回のサポートへのチケット起票、返答には時間もかかり、出金についても2回ほどチケット起票。出金までに10日以上かかった。😥 また、取引履歴を見るとキリ番や、小数点以下ないか記載がないものもあり、本当にオーダーされているのか疑問も残る。
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2024-08-24 20:33
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Sarguna Raj
more than one year
Great spreads on major pairs at WeekendFX!，Increase transaction costs
Great spreads on major pairs at WeekendFX!，Increase transaction costs
Translate to English
2024-07-22 15:27
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4