概要:FRFX is a financial services provider that aims to offer trading and investment opportunities to its clients. While it provides a popular trading platform, MT5, and claims to be regulated by FINTRAC, there is a concerning issue with the accessibility of its website. The inability to access the website raises questions about transparency and the ability to engage in trading activities seamlessly. It is highly recommended that clients thoroughly consider this issue of website accessibility and carefully assess its potential impact before engaging with FRFX or any other financial services provider. Transparency, reliability, and ease of access should be essential factors when evaluating the suitability of a trading platform.
FRFX Review Summary | |
Founded | 2022 |
Registered Country/Region | Hong Kong |
Regulation | FINTRAC |
Market Instruments | Forex, Stocks, Commodities, Cryptocurrencies |
Demo Account | Not mentioned |
Leverage | Up to 1:400 |
Spread | From 0.2 pips (EURUSD) |
Trading Platform | MT5 |
Min Deposit | $100 |
Customer Support | Email: support@florisiprime.com |
Established in 2022, FRFX is an unregulated brokerage company registered in Hong Kong. This firm provides more than 350 tradable instruments with its popular trading platform (MT5). FRFX gives five live trading accounts.
However, no phone support option could be a barrier for some investors.
Pros | Cons |
350+ investment options | Limited customer support options |
User-friendly MT5 platform | |
Multiple account types ( MINI, STD, VIP, PRO, and Trader) | |
Leverage options available | |
Regulated by the FINTRAC |
FRFX is officially licensed and regulated by The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under license number M20201096.
With FRFX, you can make a diversified portfolio in 5 asset classes, including forex, futures, indices, commodities, stocks, and cryptocurrencies. This firm claims to offer more than 350 tradable instruments.
Compared to some other online brokerages, FRFX doesn't offer as many ways to invest. There's no ETFs trading or bonds trading. But overall, you still have a good mix of investment options.
Tradable Instruments | Supported |
Forex | ✔ |
Stocks | ✔ |
Futures | ✔ |
Indices | ✔ |
Commodities | ✔ |
Cryptocurrencies | ✔ |
Bonds | ❌ |
Options | ❌ |
Mutual Funds | ❌ |
ETFs | ❌ |
Some online brokerages provide various account types. The bright side of this approach is that you might pay less in fees the more you invest.
FRFX presents five live trading accounts: MINI, STD, VIP, PRO, and Trader. Tighter spreads and higher margin call ratios become available as your investment grows.
If you invest at least $20,000, you will have spreads from 0.2 pips and a margin call ratio as high as 0.5.
Account Type | MINI | STD | VIP | PRO | Trader |
First Deposit | 100 USD | 2,000 USD | 5,000 USD | 20,000 USD | 5,000 USD |
Subsequent Fund | 100 USD | 300 USD | |||
Leverage | Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x | ||||
Minimum Spread | EURUSD: 1.8+; XAUUSD: 3.5+ | EURUSD: 1.3+; XAUUSD: 3.0+; EOSUSD: 1000; BTCUSD: 5000 | EURUSD: 1.1+; XAUUSD: 2.8+; EOSUSD: 1000; BTCUSD: 5000 | EURUSD: 0.2+; XAUUSD: 1.5+; EOSUSD: 1000; BTCUSD: 5000 | |
Margin Call Ratio | 0.2 | 0.3 | 0.5 | ||
Single Position Size | 0.01-30 | 0.01-30 | 0.1-30 | 0.01-30 | 0.1-30 |
FFRFX offers varying maximum leverages across its account types. The maximum leverage is 1:400. Detailed information is as follows:
Account types | Maximum Leverage |
MINI | 1:100 (Currencies: Up to 100x; XAUUSD: Up to 50x) |
STD | 1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x) |
VIP | 1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x) |
PRO | 1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x) |
Trader | 1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x) |
This firm provides spread starting from 0.2 pips. The spreads for EUR/USD are as follows:
Account types | Spreads |
MINI | From 1.8 pips |
STD | From 1.3 pips |
VIP | From 1.1 pips |
PRO | From 0.2 pips |
Trader | From 0.2 pips |
MT5 (MetaTrader 5) is available with FRFX. You can apply it on multiple devices, including Windows, MAC, Android, and IOS.
Trading Platform | Supported | Available Devices | Suitable for |
MT5 | ✔ | Windows, MAC, iOS, Android | Investors of all experience levels |
MT4 | ❌ | ||
Proprietary platform | ❌ |