Score

1.46 /10
Danger

FXOpulence

United Arab Emirates

Scam Brokers

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 32

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.59

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

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

FX OPULENCE PTY LTD

Company Abbreviation

FXOpulence

Platform registered country and region

United Arab Emirates

Company website

X

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Company summary

Pyramid scheme complaint

Expose

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This platform is a Ponzi Scheme. Please stay away! 4
Previous Detection : 2025-03-01
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Pyramid scheme complaint
Expose
    FXOpulence · Company summary
    FXOpulenceReview Summary
    Founded2020-11-19
    Registered Country/RegionUnited Arab Emirates
    RegulationRevoked
    Market InstrumentsForex/Cryptocurrencies/Metals/CFDs/Indices/Synthetic indices
    Demo Account
    LeverageUp to 1:500
    SpreadFrom 0 pip
    Trading PlatformMT5(Windows/iOS/Android)
    Min Deposit$50
    Customer SupportPhone: +971 44578904
    Email: support@fxopulence.com
    Twitter/Facebook/Instagram/LinkedIn

    FXOpulence Information

    FXOpulence is a broker in online trading and provides both beginner and professional traders with access to various opportunities across global financial markets including forex, cryptocurrencies, metals, CFDs, indices, and synthetic indices. The broker also provides up to 500x leverage, different account types, and 24-hour customer support. The minimum spread is from 0 pip and the minimum deposit is $50. Traders can access the popular MT5 trading platform through FXOpulence.

    FXOpulence Information

    Pros and Cons

    Pros Cons
    Leverage up to 1:500Revoked
    24/7 customer supportUnspecific withdrawal information
    MT5 availableNegative comments about difficulty in withdrawal
    Spread as low as 0 pip
    Demo account available
    Various tradable instruments

    Is FXOpulence Legit?

    ASIC regulates FXOpulence with license numbers 001302288 and 001302798 and License Type Appointed Representative(AR). However, the 'Revoked' current status is less safe than a regulated one.

    Is FXOpulence Legit?
    Is FXOpulence Legit?
    Is FXOpulence Legit?

    What Can I Trade on FXOpulence?

    FXOpulence offers 400+ market instruments, including forex, cryptocurrencies, metals, CFDs, indices, and synthetic indices.

    Tradable Instruments Supported
    Forex
    CFDs
    Indices
    Synthetic indices
    Metals
    Cryptocurrencies
    Commodities
    Stocks
    Shares
    ETFs
    Bonds
    Mutual Funds
    What Can I Trade on FXOpulence?

    Account Type

    FXOpulence has three account types: Razor, Ultra, and SynthOp. Traders who want low spreads can choose a razor account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

    Account Type RazorUltraSynthOp
    Min deposit$50$50$50
    Spread Starting FromZero1 pip1 pip
    Commission$10ZeroZero
    Leverage1:5001:5001:500
    Swap freeNoNoNo

    FXOpulence Fees

    The spread starts from 0 pip, and the commission is from 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

    Traders can conduct financial activities in MT5 available in Windows, iOS, and Android through FXOpulence. Traders with rich experience are more suitable for using MT5 with various trading strategies and EA systems.

    Trading PlatformSupported Available Devices Suitable for
    MT5Windows/iOS/AndroidExperienced traders
    Trading Platform

    Deposit and Withdrawal

    The first deposit amount must be $50 or above. FXOpulence accepts ETH, BEP-20, TRC-20, and BTC for deposit and withdrawal.

    News

    ExposureFXOpulence Scams Indian Trader Out of $5,960.15

    Indian trader lose $5,960.15 to FXOpulence after being unable to withdraw funds. Learn how to avoid such scams and protect your investments.

    WikiFX
    2024-08-07 10:05
    FXOpulence Scams Indian Trader Out of $5,960.15

    ExposureSix Months and $2,173 Lost with FXOpulence

    In a recent complaint submitted to WikiFX, an Indian investor named Rushikesh has brought to light serious allegations against the online broker FXOpulence. According to Rushikesh, he deposited a significant amount of $2,173 with the broker, but despite numerous attempts, he has been unable to withdraw any funds for the past six months.

    WikiFX
    2024-08-05 17:01
    Six Months and $2,173 Lost with FXOpulence

    ExposureFXOpulence's Withdrawal Delays: Indian Trader Loses $5,834.79

    The Indian trader's withdrawal requests were delayed by unregulated broker FXOpulence, resulting in a $5,834.79 loss. Learn about the risks of dealing with unauthorized trading platforms.

    WikiFX
    2024-08-01 14:22
    FXOpulence's Withdrawal Delays: Indian Trader Loses $5,834.79

    NewsFXOpulence License Revoked: Indian Investor's $8341 Stuck

    FXOpulence's ASIC license was revoked, leaving an Indian investor unable to withdraw $8341. The victim urges others to avoid this broker.

    WikiFX
    2024-07-17 13:26
    FXOpulence License Revoked: Indian Investor's $8341 Stuck

    User Reviews

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    User comment

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    FX3063872350
    0-3months
    Not able to withdraw my money since las 6 7 month
    Not able to withdraw my money since las 6 7 month
    Translate to English
    2025-02-02 11:49
    Reply
    0
    0
    keshav ghule
    6-12months
    We have deposited $5551 with broker FXopulence but they have not allowed us to withdraw any kind of money till date and they are giving us different reasons for withdrawal, it is security attack, technical error, all this from last five-six months. It is said, but now there is no movement, and I have been cheated and millions of others have been financially cheated in fx opulence, but we should get our money back.
    We have deposited $5551 with broker FXopulence but they have not allowed us to withdraw any kind of money till date and they are giving us different reasons for withdrawal, it is security attack, technical error, all this from last five-six months. It is said, but now there is no movement, and I have been cheated and millions of others have been financially cheated in fx opulence, but we should get our money back.
    Translate to English
    2024-08-06 18:28
    Reply
    0
    0
    32