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Freyr -

Score

1.44 /10
Danger

Freyr

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.freyrfx.com/en

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.49

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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

Broker Information

More

Company Name

Freyr Group Limited

Company Abbreviation

Freyr

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2025-01-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Fraud

Beware of fraud, Unable to make payment!

Der Held
2021-12-18 13:45
Scam

I was scammed.

I hadn't seen MT4, but when I saw it, it was suddenly disconnected, and when I searched for a securities company, it disappeared.

FX1379760751
2022-02-04 08:55
Scam

Fraud, No real account and money is gone.

MT4 allows or tolerates unauthorized providers. lured and ripped off. My money is gone, no response from Freyr. Withdrawal not possible. Agent, Broker disappear after calling withdrawal.

Der Held
2021-12-02 06:40
Unable to Withdraw

I do not recognize this

The page does not allow you to enter the board. I enter my data and it tells me that it is incorrect. It says that there are no records in the database. In the end, my loss was the investment of $1800.

FX1980695080
2022-01-13 03:53
Freyr · Company summary

Note: Freyr's official website - https://www.freyrfx.com/en is currently inaccessible normally.

Freyr Review Summary
Founded/
Registered Country/RegionUK
RegulationNo regulation
Market Instruments30+ forex currency pairs, metals, oil, and indices
Demo Account/
LeverageUp to 1:100
SpreadFrom 0.1 pips
Trading PlatformMT4
Min Deposit/
Customer SupportEmail: info@freyrfx.com

Freyr is a derivatives trading platform offering leveraged investment services in indexes, crude oil, precious metals and contracts for difference (CFD) to international investors. The brand “Freyr” is owned and operated by Freyr Group Limited, a company registered in United Kingdom. Freyr Group Limited is not subject to any regulation at this stage. Please be aware of the risks.

Pros and Cons

Pros Cons
Diverse tradable assetsInaccessible website
MT4 supportedLack of regulation
Popular payment optionsOnly email support

Is Freyr Legit?

No, Freyr is not regulated by the financial services regulatory authority in the UK, which means that the company lacks regulation from its registration site. Besides, its domain cannot be found. Please note the potential risks!

No license
No results from the FCA

What Can I Trade on Freyr?

Freyr provides several types of products, including 30+ forex currency pairs, metals, oil, and indices.

Tradable Instruments Supported
Forex Currency Pairs✔
Metals✔
Oil✔
Indices✔
Stocks❌
Cryptos❌
Bonds❌
Options❌
ETFs❌

Leverage

The leverage can be up to 1:100. Traders need to consider carefully before investing, because high leverage is likely to bring high potential risks.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔PC, web, mobileBeginners
MT5❌/Experienced traders
MT4

Deposit and Withdrawal

Freyr accepts different types of payment options, including Visa, Maestro, PayPal, and China UnionPay. However, other details such as the processing time and fees are not clear. Besides, Freyr demands customers to upload payment vouchers. Customers need to be cautious about it.

Deposit and Withdrawal

User Reviews

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User comment

1

Comments

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金融狂人
more than one year
Frequently, I cannot log into my MT4 trading account, and they said it was due to my computer. I was exhausted and left this broker soon. Before I withdraw my account balance, they still shamefully asked me for additional exit fees.
Frequently, I cannot log into my MT4 trading account, and they said it was due to my computer. I was exhausted and left this broker soon. Before I withdraw my account balance, they still shamefully asked me for additional exit fees.
Translate to English
2023-03-07 09:54
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