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No Regulation
Score
1.54 /10
Danger
Executive Forex
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.19
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
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
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-11-17
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
General Information & Regulation
Based in South Africa, Executive Forex is a Forex and Commodities Education Service Provider to clients wishing to invest in trading the lucrative Forex and Commodities Markets. There is zero evidence that Executive Forex is subject to any regulation.
Markets Instruments
Executive Forex offers 70 currency pairs, cryptocurrency pairs, commodities, equities and index CFDs.
Minimum Deposit
The Mini account requires a deposit of $500, which is a higher minimum than most other brokerages. Traders need to deposit $5,000 to gain access to the Standard account, where all features are available. The Gold and Platinum accounts require deposits of $10,000 and $35,000, respectively, without contributing any significant advantages.
Leverage
The maximum trading leverage offered by Executive Forex s up to 1:500. Leverage can amplify returns as well as losses, investing in such an unregulated broker offering generous is not a good option.
Spreads & Commissions
Forex and metals CFDs are commission-free, while energy, cryptocurrencies, equity, and index CFDs carry a fee. The EUR/USD spread listed at 2.5 pips, slightly higher than the industry standard.
Inactivity Fees
After 90 days of inactivity, a monthly maintenance fee of 5% applies.
Trading Platform Available
Executive Forex traders can choose between the industry standard forex trading platform MetaTrader 4 (MT4), available for desktop, as mobile trading applications and a web terminal that runs directly in most modern web browsers without the need to download or install any additional software.
Deposit& Withdrawal
Executive Forex neither provides a list of accepted deposit and withdrawal methods nor does it maintain a dedicated section on its website, which is highly unusual. While most broker allows their traders to fund their accounts through credit/debit cards, Skrill, Neteller.
Customer Support
The Executive Forex customer Support is available 24/5, and traders may either call directly, send an e-mail. Operating Hour: Monday to Friday – 08:00 am to 4:00 pm
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