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No Regulation
Score
1.48 /10
Danger
CompaqFX
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Exposure
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Website
Score
Regulatory Index0.00
Business Index6.78
Risk Management Index0.00
Software Index4.00
License Index0.00
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
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Warning: Low score, please stay away!
2
Previous Detection :
2024-11-06
- 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
Note: CompaqFX's official website: https://compaqfx.com/ is currently inaccessible normally.
| CompaqFXReview Summary | |
| Founded | 2022 |
| Registered Country/Region | United Kingdom |
| Regulation | Not regulated |
| Market Instruments | Forex, Stocks, Indices, Commodities, Cryptocurrencies |
| Demo Account | ✔ |
| Leverage | Up to 1:500 |
| Spread | From 1.5 pips |
| Trading Platform | MT5 |
| Min Deposit | $100 |
| Customer Support | Email: info@compaqfx.com |
| Phone: +44 7401 214549 | |
| Twitter: https://twitter.com/compaqfx | |
| Facebook: https://www.facebook.com/compaqfx/ | |
| Instagram: https://www.instagram.com/compaqfx/ | |
| Physical Address: 10/F., Tower A, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong | |
CompaqFX is an unregulated broker based in the United Kingdom that supports you to trade five types of market instruments with a minimum deposit of $100 through MT5.
Pros and Cons
| Pros | Cons |
| Multiple trading choices | No Legal regulation |
| Demo accounts | Charges commissions on US and Canadian stocks |
| MT5 support | Charges deposit handlings |
| Comprehensive contact channels | Lack of transparency |
| Unavailable website | |
| Limited account types |
Is CompaqFX Legit?
CompaqFX operates without a legal regulatory license, so you are advised to choose a legally regulated broker and avoid such unregulated broker.
What Can I Trade on CompaqFX?
CompaqFX offers five types of trading instruments, including forex, commodities, indices, etc. and you can look for more details in the following table.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ✔ |
| Mutual Fund | ❌ |
| Futures | ❌ |
Account Type
CompaqFX offers two types of live accounts (cent account and standard account) and a demo account for you to practice in a risk-free environment.
| Account Type | Min Deposit | Max Leverage |
| CENT | $500 | 1:300 |
| STANDARD | $100 | 1:500 |
Leverage
CompaqFX offers different leverage for its different trading accounts. For the Cent account maximum leverage is 1:300, while for the Standard account, it is 1:500. However, high leverage means high risk, and you must be cautious.
Trading Platform
CompaqFX offers the MT5 trading platform, a globally renowned platform in the industry. However, whether CompaqFX has obtained the legal permission to use MT5 remains unknown, since this broker holds no regulatory license.
| Trading Platform | Supported | Available Devices |
| MT5 | ✔ | Computer and phone |
| MT4 | ❌ | / |
| cTrade | ❌ | / |
Deposit and Withdrawal
CompaqFX offers a wide range of deposit and withdrawal methods, including bank wire, credit card, debit card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, and China UnionPay. There are no fees for bank wire or credit card deposits, but fees may apply for other deposit methods.
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