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No Regulation
Score
1.53 /10
Danger
Contra FX
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.15
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
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: Contra FX's official website: https://contrafx.com is currently inaccessible normally.
| Contra FX Review Summary | |
| Founded | 2011 |
| Registered Country/Region | Belgium |
| Regulation | No Regulation |
| Market Instruments | Currencies, indices, shares, ETFs, CFDs and commodities |
| Demo Account | ✔ |
| Leverage | Up to 1:500 |
| Spread | From 0.8 pips |
| Trading Platform | MetaTrader 4, MT4 Mobile and Contra FX Pro trading platform |
| Minimum Deposit | $5000 |
| Customer Support | 24/7 live chat |
| Phone: +32 78480563 | |
| Email: contactsonline@contrafx.com | |
| Address: 126 Bulevar Anspach Brussels, Belgium | |
Registered in 2011, Contra FX is an unregulated financial company based in Belgium. It claims to offer trading on currencies, indices, shares, ETFs, CFDs and commodities.
Pros and Cons
| Pros | Cons |
| / | Non-functional Website |
| Lack of Transparency | |
| No Regulation |
Is Contra FX Legit?
At present, Contra FX lacks valid regulation. Its domain was registered on July 18, 2011, and the current status is “clientDeleteProhibited, clientRenewProhibited, clientTransferProhibited, clientUpdateProhibited”. Please pay high attention to the safety of your funds if you choose this broker.
What Can I Trade on Contra FX?
On Contra FX, you can trade with currencies, indices, shares, ETFs, CFDs and commodities.
| Tradable Instruments | Supported |
| Forex | ❌ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Shares | ✔ |
| ETFs | ✔ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type/Leverage/Spread & Commission
Contra FX provides Individual/Joint, Corporate, and Trust Accounts.
| Account Type | Individual/Joint Account | Corporate Account | Trust Account |
| Min Deposit | $5,000 | $10,000 | $100,000 |
| Max Leverage | 1:500 | 1:500 | 1:500 |
| Spread | 0.8 pips | 0.8 pips | 0.8 pips |
| Commission | ❌ | ❌ | ❌ |
| Demo Account | ✔ | ✔ | ✔ |
Trading Platform
Contra FX offers MetaTrader 4, MT4 Mobile and Contra FX Pro trading platforms.
Deposit and Withdrawal
Contra FX supports bank transfer and debit/credit cards.
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