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Score
United Kingdom
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
Score
Regulatory Index0.00
Business Index6.39
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
Since FXpays official website (https://www.fxpay.trade/En.php) is now unavailable, we had to piece together as much information as possible on this brokerage house as a forex broker from other sources.
General Information
Registered in the United Kingdom, FXpay is a newly-established financial provider, with an operating time of only one to two years. The company behind it not disclosed and the lack of essential information make this broker quite suspicious to trade with.
As far as we can tell, FXpay is not governed by any regulatory authorities, thus that bit of data is settled. As a result, its regulatory status on WikiFX is classified as “No License” and it only manages a score of 1.23 out of 10 overall. Don't be oblivious to the potential danger.
Trading Platform
However, surprisingly, FXpay says it offers the leading MT4 trading platform, among the most popular around the world. Some outstanding features shared by MT4 include the robust charting package, the ability to use automated trading bots (Expert Advisors), and the flexibility of the interface.
Customer Support
With the FXpay platform, phone and email support can be reached by traders with any inquiries, or trading-related issues. Here are some contact details:
Phone: +964 (0)770 251 0202
Email: info@fxpay.trade
Registered Company Address: Empire Building T3 4th Floor Office 1 Risk Warning
Or you can follow this brokerage house on Facebook and Instagram.
Risk Warning
There is a considerable degree of risk involved with online trading of leveraged Forex and CFD instruments, and as a result, it may not be appropriate for all investors.
Please keep in mind that the data presented in this article is meant to serve as a guideline only.
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