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Foraxi -

Score

2.12 /10
Danger

Foraxi

Saint Kitts and Nevis

2-5 years

Regulated in United Kingdom

Common Business Registration

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

https://foraxi.com

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Score

Regulatory Index1.25

Business Index5.92

Risk Management Index0.00

Software Index4.00

License Index1.25

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Licenses

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

Foraxi Markets Limited

Company Abbreviation

Foraxi

Platform registered country and region

Saint Kitts and Nevis

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-11
  • This broker exceeds the business scope regulated by United Kingdom FCA(license number: 16147330)Common Business Registration Non-Forex License. Please be aware of the risk!

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Foraxi · Company summary
Foraxi Review Summary
Founded2017
Registered Country/RegionSaint Kitts and Nevis
RegulationRegulated by FCA
Market InstrumentsForex, CFD, and Crypto
Demo Account❌
LeverageUp to 1:100
SpreadFrom 0.5 pips on all majors
Trading PlatformsWebTrader and Mobile Trader
Minimum Deposit$100
Customer SupportPhone: +447383441692
Email: support@foraxi.com
Address: Room 409, Beverley Commercial Centre, Tsim Sha Tsuikowloon - 999077 Hong Kong

Registered in 2007, Foraxi is a brokerage firm based in Saint Kitts and Nevis. It provides Forex, CFD, and Crypto via WebTrader and Mobile Trader.

Foraxi's homepage

Pros and Cons

Pros Cons
Diverse account typesNo demo accounts
Multiple customer support channels
Low min deposit
Web and mobile platforms

Is Foraxi Legit?

Foraxi is regulated by FCA in the United Kingdom. The current status is general registration.

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Domain information

What Can I Trade on Foraxi?

Tradable Instruments Supported
Forex✔
CFDs✔
Commodities✔
Indices✔
Cryptocurrencies✔
Shares✔
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on Foraxi?

Account Type

Foraxi provides MICRO, STANDARD, ECN, and CPT accounts.

Account comparison

Leverage

The maximum leverage is 1:100, not very high.

Trading Platform

Foraxi offers WebTrader and Mobile Trader.

Web Trader
Mobile Trader

Deposit and Withdrawal

Foraxi supports payment methods through Bitcoin, Tether, USD Coin, Ethereum, VISA, WebMoney, and Yandex Money.

Payment methods

User Reviews

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User comment

2

Comments

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Skr Wu2333
more than one year
I had a lot of problems setting up an account and there were a number of misunderstandings about the supporting documents required. I also had problems accessing my favorite trading platform. The response times from support are not exactly fast either.
I had a lot of problems setting up an account and there were a number of misunderstandings about the supporting documents required. I also had problems accessing my favorite trading platform. The response times from support are not exactly fast either.
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2024-07-10 10:46
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Eric Wuang
more than one year
Accessibility of the Foraxi platform is fine, though I've noticed some delays in customer support responses during peak hours. The social trading features are also good.
Accessibility of the Foraxi platform is fine, though I've noticed some delays in customer support responses during peak hours. The social trading features are also good.
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2024-05-29 15:27
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