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FxZone -

Score

1.37 /10
Danger

FxZone

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.fxzoneltd.com

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Score

Regulatory Index0.00

Business Index5.96

Risk Management Index0.00

Software Index4.00

License Index0.00

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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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Broker Information

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Company Name

FxZone

Company Abbreviation

FxZone

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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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

FxZone · Company summary

Since FxZones official website (https://www.fxzoneltd.com/) cannot be opened for now, we could only piece together the rough picture of this forex broker by gathering relevant information from other official websites.

basic-info

General Information

FxZone presents itself as a forex broker providing easy access to various trading instruments. With the FxZone platform, traders have the flexibility to choose from three trading accounts, Standard, Pro and Premium.

Since FxZone‘s official website cannot be opened for now, we could not obtain more information about this broker’s trading assets, spreads and commissions, trading platform, and more.

FxZone is not authorized or regulated by any regulatory authority. Please be aware of the risk, as trading with an unregulated forex broker is taking huge risk of losing your money.

Account Types

Three trading accounts are available with the FxZone platform: Standard, Pro, and Premium.

To open a Standard account, the minimum deposit is not disclosed, and the maximum deposit is 10,000. The minimum deposit for other two trading accounts is not mentioned, either.

account-types

Leverage

When it comes to leverage, Climax Prime allows its clients to use leverage of up to 1:400, much higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Trading Platform

What FxZone offers is not the MT4 or MT5 trading platform.

Customer Support

Worryingly, FxZone left its clients nowhere to turn to once something goes wrong during their trading process. No phone support or email support is available.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

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FX1397222448
more than one year
The minimum deposit for a standard account is 10k... No legit regulated broker would set such an unconscionable deposit threshold, and they are extremely likely scammers. We must pay attention to heighten vigilance, and we must be more careful with brokers with particularly high deposit thresholds, particularly high leverage, or outrageously good trading conditions.
The minimum deposit for a standard account is 10k... No legit regulated broker would set such an unconscionable deposit threshold, and they are extremely likely scammers. We must pay attention to heighten vigilance, and we must be more careful with brokers with particularly high deposit thresholds, particularly high leverage, or outrageously good trading conditions.
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2023-03-20 16:59
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FX1093267941
more than one year
Their account manager is very unprofessional. They will give wrong guidance about the Investment, which in turn will loss of our money. I lost my money with their misguidance.
Their account manager is very unprofessional. They will give wrong guidance about the Investment, which in turn will loss of our money. I lost my money with their misguidance.
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2022-12-07 12:14
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