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FRX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-26 16:38

Abstract:FRX is a broker that provides 1500+ tradable instruments including forex, commodities, metals, CDFs, cryptocurrencies, and indices. The broker also provides three real accounts with a maximum leverage of 1:500. The minimum spread is from 0.8 pips and the minimum deposit is $100. FRX is still risky due to its suspicious clone status.

FRXReview Summary
Founded2019-10-19
Registered Country/RegionUnited Kingdom
RegulationSuspicious Clone
Market InstrumentsForex/Commodities/Metals/CDFs/Cryptocurrencies/Indices
Demo Account✅
LeverageUp to 1:500
SpreadFrom 0.8 pips
Trading PlatformMT5(Mobile(Android/iOS)/Desktop/Mac)
Min Deposit$100
Customer SupportEmail: support@frxmarkets.com
Live support
YouTube/Facebook/Instagram/Twitter

FRX Information

  FRX is a brokerthat provides 1500+ tradable instruments including forex, commodities, metals, CDFs, cryptocurrencies, and indices. The broker also provides three real accounts with a maximum leverage of 1:500. The minimum spread is from 0.8 pips and the minimum deposit is $100. FRX is still risky due to its suspicious clone status.

FRX Information

Pros and Cons

Pros Cons
Leverage up to 1:500Suspicious Clone
24/5 multi-lingual supportNegative comments about money disappear
MT5 available
Spread from 0.8 pips
Demo account available
Various tradable instruments

Is FRX Legit?

  FCA regulates FRX with license number 631382, while the current status is 'suspicious clone'.

Is FRX Legit?
Is FRX Legit?

What Can I Trade on FRX?

  FRX offers a wide range of market instruments, including forex, commodities, metals, CDFs, cryptocurrencies, and indices.

Tradable Instruments Supported
Forex✔
Commodities✔
Metals✔
CDFs✔
Cryptocurrencies✔
Indices✔
Stocks❌
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on FRX?

Account Type

  FRX has three account types: standard, VIP, and ECN. Traders who want low spreads and low leverage can choose an ECN account, while those with a small budget can open a standard account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

Account Type StandardVIPECN
Minimum FundingUSD 100USD 1000USD 10000
LeverageUp to1:500Up to 1:500Up to 1:200
Order volumeFrom 0.01 with step 0.01From 0.01 with step 0.01From 0.01 with step 0.01
SpreadsFrom 1.8 pipsFrom 1.4 pipsFrom 0.8 pips
CommissionNoNoNo
Stop Out level20%20%20%

FRX Fees

  The spread is 0.8 pips, and the commission is 0. The lower the spread, the faster the liquidity.

Leverage

  The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

  FRX cooperates with the authoritative MT5 trading platform available in Mobile(Android/iOS), Desktop, and Mac to trade. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.

Trading PlatformSupported Available Devices Suitable for
MT5✔Mobile(Android/iOS)/Desktop/MacExperienced traders
Trading Platform

Deposit and Withdrawal

  The minimum deposit is $100. FRX accepts Visa, MasterCard, Tether, Bitcoin, and Bank Wire for deposit and withdrawal, whose deposit speed is instant and withdrawal speed is up to 3 to 7 days.

Funding MethodsMinimum DepositDeposit SpeedWithdrawal Speed
Visa100 USDInstant3-7 Days
MasterCard100 USDInstant3-7 Days
Tether100 USDInstantInstant
Bank Wire5000 USDInstantInstant
Bitcoin100 USDInstantInstant
Deposit and Withdrawal

  

Related broker

Unverified
FRX
Company name:FRX MARKETS (UK) Ltd
Score
1.48
Website:https://www.frxmarkets.com
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.48

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