Score

1.47 /10
Danger

Codexfx

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Exposure

Time Machine
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Score

Regulatory Index0.00

Business Index6.71

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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! 2
Previous Detection : 2024-09-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Codexfx · Company summary
CodexfxBasic Information
Company NameCodexfx
Founded2018
HeadquartersUnited Kingdom
RegulationsNone
Tradable AssetsForex, Indices, Commodities, Stocks
Minimum DepositNot specified
Deposit MethodsCredit Cards, Wire Transfer, Global Payment
Trading PlatformsNot specified
Customer SupportPhone(+442080898543), Email (support@codexfx.com), Physical Office
Education ResourcesMarket news and analysis
Bonus OfferingsNone

Overview of Codexfx

The United Kingdom-based Codexfx was founded in 2018 and offers a wide range of trading products, such as equities, indices, Forex, and commodities. The broker provides a range of deposit and withdrawal options along with educational materials to keep traders informed. There is phone, email, and in-person office support available. The absence of regulatory supervision is a serious problem in spite of these attributes.

Overview of Codexfx

Is Codexfx Legit?

There is no established financial regulatory body that oversees Codexfx. The risks involved with trading and investing through Codexfx may rise as a result of the lack of regulation, which implies that there is no supervision to guarantee that the broker complies with industry norms and procedures. Prospective customers must to proceed with caution and take into account the increased risk involved in doing business with an unlicensed organization.

Is Codexfx Legit?

Pros and Cons

Codexfx offers a wide range of trading instruments and supports multiple deposit and withdrawal methods, providing traders with diverse options for managing their funds. Additionally, the broker offers educational resources to help traders stay informed and make better trading decisions. However, Codexfx operates without regulatory oversight, which raises significant concerns about the safety and security of traders' funds. The lack of regulation means there is no supervision to ensure compliance with industry standards, increasing the risk for clients. Furthermore, there is limited information available on account types and trading conditions, which could be a drawback for potential traders.

ProsCons
  • Range of trading instruments
  • Not regulated
  • Multiple deposit and withdrawal methods
  • Risks due to lack of regulatory oversight
  • Educational resources available
  • Limited information on account types and conditions

Trading Instruments

Codexfx offers various trading instruments including Forex, indices, commodities, and stocks. This range provides traders with options to diversify their portfolios across different markets, from currency pairs to benchmark stock indices and both soft and hard commodities.

Trading Instruments

Here is a comparison table of trading instruments offered by different brokers:

BrokerForexCommoditiesCryptoCFDIndicesStockETF
CodexfxYesYesNoNoYesYesNo
RoboForexYesYesYesYesYesYesYes
IC MarketsYesYesYesYesYesYesNo
ExnessYesYesYesYesYesYesNo

Deposit & Withdraw Methods

Codexfx supports various deposit and withdrawal methods, including credit cards (Visa, Maestro, MasterCard), wire transfers through Barclays, and global payments via SafeCharge.

Deposit & Withdraw Methods

Customer Support

Codexfx offers customer support through various channels. Clients can reach them by phone at +442080898543, via email at support@codexfx.com, or visit their office at Codexfx Ltd. Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH 96960.

Customer Support

Educational Resources

Codexfx provides educational resources such as up-to-date market news and analysis. These resources aim to enhance traders' knowledge and help them make informed trading decisions.

Educational Resources

Conclusion

In addition to supporting several deposit and withdrawal options and providing a range of trading instruments, Codexfx also provides traders with instructional resources. On the other hand, there are serious concerns over the safety and security of funds due to the absence of regulatory control. Potential customers should carefully consider these aspects before choosing to trade with Codexfx.

FAQs

Is Codexfx regulated?

No, Codexfx is not regulated by any established financial regulatory body.

What trading instruments does Codexfx offer?

Codexfx offers Forex, indices, commodities, and stocks.

What are the deposit methods available with Codexfx?

Codexfx supports credit cards (Visa, Maestro, MasterCard), wire transfers through Barclays, and global payments via SafeCharge.

Does Codexfx offer any educational resources?

Yes, Codexfx provides educational resources such as market news and analysis.

How can I contact Codexfx customer support?

You can contact Codexfx via phone at +44 2080898543, email at support@codexfx.com, or visit their office in the Marshall Islands.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.

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348
more than one year
From what I read online, Codexfx is not a reliable company. Although no one has said that they have been cheated, I think it may be because most people have the most basic ability to distinguish fraudulent brokers, so they have avoided these companies. I hope the cheaters will be punished severely.
From what I read online, Codexfx is not a reliable company. Although no one has said that they have been cheated, I think it may be because most people have the most basic ability to distinguish fraudulent brokers, so they have avoided these companies. I hope the cheaters will be punished severely.
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2023-03-15 15:51
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