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Offshore Regulated
Score
5.11 /10
Average
Forexiw
Within 1 yearRegulated in Comoros
Retail Forex License
MT5 Full License
Regional Brokers
Medium potential risk
Offshore Regulated
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Exposure
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Website
Score
Regulatory Index3.92
Business Index3.87
Risk Management Index8.90
Software Index7.94
License Index3.92
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Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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WikiFX Risk Alerts
Previous Detection :
2024-12-23
- The Comoros AOFA regulation with license number: L15653 / FM is an offshore regulation. Please be aware of the risk!
WikiFX Verification
| ForexiwReview Summary | |
| Founded | 2024 |
| Registered Country/Region | Comoros |
| Regulation | AOFA (Offshore Regulated) |
| Market Instruments | Stocks, Indices, Futures, Forex, Commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:2000 |
| Spread | From 1 pip (Standard account) |
| Trading Platform | MetaTrader 5/Web Platform |
| Min Deposit | $5 |
| Customer Support | 24/7 support |
| Tel: +1 (213) 459-0003 | |
| Email: Info@Forexiw.com | |
| Facebook, Instagram, Twitter, YouTube, etc | |
| Address: 1652, Tamani Arts OfficeBusiness Bay, Dubai, UAE | |
Forexiw is a regulated online CFD broker, launched in February 2024, that provides users with the easy-to-use MT5 trading platform for trading such financial instruments as forex, commodities, and stocks with leverage up to 1:2000 and spread from 0.0 pips. Demo accounts are available and the minimum deposit requirement to open a live account is just $5.
Pros and Cons
| Pros | Cons |
| Diverse market instruments | New to the market |
| Demo accounts | Offshore regulation |
| Multiple account types | Only crypto payment options |
| Flexible leverage ratios | |
| Commission-free account offered | |
| Support MT5 | |
| Low minimum deposit | |
| 24/7 support |
Is Forexiw Legit?
Forexiw is regulated by AOFA with the license number L15653/FM. However, its current status is offshore regulated.
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
|---|---|---|---|---|---|
 | Anjouan Offshore Finance Authority (AOFA) | Offshore Regulated | Forexiw Markets Ltd | Retail Forex License | L15653/FM |
What Can I Trade on Forexiw?
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Indices | ✔ |
| Futures | ✔ |
| Forex | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Cent | Standard | ECN | Pro ECN |
|---|---|---|---|---|
| Min Deposit | $5 | $50 | $100 | $5000 |
| Min Lot | 0.0001 | 0.01 | 0.01 | 0.01 |
| Stop out | 50% | 50% | 40% | 30% |
| Instruments | 30 | 30 | 102 | 230 |
| Demo | × | √ | √ | √ |
Leverage
Forexiw offers flexible leverage up to 1:2000, which can potentially bring high returns, but it also comes with high risks.
| Account Type | Max Leverage |
| Cent | 1:2000 |
| Standard | 1:500 |
| ECN | |
| Pro ECN | 1:300 |
Forexiw Fees
| Account Type | Spread | Commission |
|---|---|---|
| Cent | From 1 pip | ¢5 per lot |
| Standard | From 1 pip | ❌ |
| ECN | From 0.0 pips | $5 per lot |
| Pro ECN | From 0.0 pips | $3.5 per lot |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| WebTrader | ✔ | Web | / |
| MT5 | ✔ | / | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
| Payment Options | Min Deposit/Withdrawal | Fees | Deposit Time | Withdrawal Time |
| TRC20 | 15 USDT | / | Immediately | Within 3 minutes |
| ERC20 | 30 USDT |
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