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Foraxi -

Score

1.36 /10
Danger

Foraxi

Saint Kitts and Nevis

2-5 years

Suspicious Regulatory License

High potential risk

https://foraxi.com

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Score

Regulatory Index0.00

Business Index5.82

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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40G

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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!

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Foraxi · Company summary
Foraxi Review Summary
Founded2017
Registered Country/RegionSaint Kitts and Nevis
RegulationNo Regulation
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 an unregulated 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 regulation
Multiple customer support channelsNo demo accounts
Low min deposit
Web and mobile platforms

Is Foraxi Legit?

At present, Foraxi lacks valid regulation. Its domain was registered on Dec 12, 2017, and the current status is “clientDeleteProhibited, clientRenewProhibited, clientTransferProhibited, clientUpdateProhibited”. Please pay high attention to the safety of your funds if you choose this broker.

Domain information

What Can I Trade on Foraxi?

On Foraxi, you can trade with Forex, CFD, and Crypto.

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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