Score

1.56 /10
Danger

FX FOORIN

Suspicious Regulatory License

High potential risk

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Score

Regulatory Index0.00

Business Index7.36

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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No restriction on the broker account. Support service provided by WikiFX

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-12
  • 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

FX FOORIN · Company summary
FX FOORINReview Summary
Founded5-10 years
Registered Country/RegionChina
RegulationUnregulated
Market InstrumentsForex, Precious Metals, Crude Oil, Index
Demo Account
LeverageUp to 1:500
SpreadFrom 0.2 pips
Trading PlatformMT4
Min Deposit0
Customer SupportNot mentioned

FX FOORIN Information

FX FOORIN is a broker that provides a variety of trading instruments, including forex, precious metals, crude oil, and index. In addition, FX FOORIN provides demo accounts, Islamic accounts, and 3 real accounts: standard, pro, and VIP. Regarding fees, FX FOORIN requires a minimum spread of 0.2 pips and is commission-free. In addition, the leverage is as high as 1:500.

Pros and Cons

Pros Cons
Multiple trading assets: forex, precious metals, crude oil, indexUnregulated
3 account types: standard, pro, and VIPNo customer support information
Minimum deposit 0Spreads start from 0.2 pips
Leverage up to 1:500No domain name registered
MT4 available
Commission free
Demo and Islamic accounts available

Is FX FOORIN Legit?

FX FOORIN is not regulated, which will increase transaction risks and reduce transaction security.

Is FX FOORIN Legit?
Is FX FOORIN Legit?

What Can I Trade on FX FOORIN?

FX FOORIN provides trading instruments including forex, precious metals, crude oil, and index. These instruments involve different trading formats such as futures, options, swaps, and funds.

Tradable Instruments Supported
Forex
Precious Metals
Crude Oil
Index

Account Type

FX FOORIN has launched 3 real account types, setting different thresholds depending on different spreads and deposits. These real accounts are standard, pro, and VIP. Note: The deposits for pro and VIP accounts are $10,000 and $100,000 respectively. The amounts are relatively high.

Account Type StandardPro VIP
Maximum leverage1:5001:5001:500
Minimum spread(pips)1.00.50.2
Minimum deposit($)010000100000
Commission freeYesYesYes

FX FOORIN Fees

The spreads of FX FOORIN's three accounts, standard, pro, and VIP, are 1pips, 0.5pips and 0.2pips respectively. In addition, traders will have the benefit of commission-free.

Leverage

The leverage is as high as 1:500, which means that traders profits and losses will be expanded 500 times.

Leverage

Trading Platform

FX FOORIN cooperates with MT4, the authoritative trading platform recognized by traders. MT4 is more suitable for beginner traders than MT5, but MT4 also has powerful data chart processing functions, which will facilitate trading.

Trading PlatformSupported
MT4

Deposit and Withdrawal

The minimum deposit is 0. FX FOORIN allows traders to deposit and withdraw money for free. Additionally, FX FOORIN offers popular payment methods such as bank transfers, credit, and debit cards.

User Reviews

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Callum Smith
more than one year
They approached me about upgrading to a VIP account, where a $10,000 deposit was needed to unlock higher profits. I couldn't afford the price tag at the time, yet they handled my refusal with the utmost professionalism and respect.
They approached me about upgrading to a VIP account, where a $10,000 deposit was needed to unlock higher profits. I couldn't afford the price tag at the time, yet they handled my refusal with the utmost professionalism and respect.
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2023-10-13 11:53
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Leo Perry
more than one year
The trading platform presented a whole set of challenges of its own. It was plagued with frequent crashes and slow speed. The issue of high slippage was another stumbling block. My trades often got executed at inconveniently different prices from my set points. To top it all, their customer support services were disappointingly slow. It was like sending out distress signals into space with hardly any hope for a quick response.
The trading platform presented a whole set of challenges of its own. It was plagued with frequent crashes and slow speed. The issue of high slippage was another stumbling block. My trades often got executed at inconveniently different prices from my set points. To top it all, their customer support services were disappointingly slow. It was like sending out distress signals into space with hardly any hope for a quick response.
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2023-10-12 11:02
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