Free Forex Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-04-30 16:05

Abstract：Free Forex is an unregulated brokerage offering forex trading. It claims to offer a $0 minimum deposit and high leverage of up to 1:1000.

Free Forex Review Summary
Founded	2007
Registered Country/Region	Anguilla
Regulation	No Regulation
Market Instruments	Forex
Demo Account	✅
Leverage	Up to 1:1000
EUR/USD Spread	From 1.2 pips
Trading Platforms	Web, mobile app
Minimum Deposit	$0
Customer Support	Live chat (24/5 support)
	Phone: +52 3385261081, +381 14500319
	Email: sales@freefx.com, support@freefx.com, helpdesk@freefx.com
	Twitter, Facebook
	Address: No. 9 Cassius Webster Building, Grace, Complex, PO Box 1330, The Valley, AI-2640 Anguilla
	Kosmajska 6, Valjevo, 14000 Serbia

　　Founded in 2007 and registered in Anguilla, Free Forex is an unregulated comany offering forex trading. It claims to offer a $0 minimum deposit and high leverage of up to 1:1000. Trading is available via web and a mobile app, but popular platforms like MT4 and MT5 are unsupported.

Pros and Cons

Pros	Cons
Demo accountS available	No regulation
Multiple customer support channels	Limited info on accounts
No minimum deposit	Limited info on trading fees
	Lack of info on trading platforms
	High leverage risks

Is Free Forex Legit?

　　Free Forex currently lacks valid regulations. Its domain was registered on June 12, 2007, and the current status is “client Transfer Prohibited”. Please be aware of the risks!

What Can I Trade on Free Forex?

　　It seems that Free Forex only offers forex trading. But we cannot verify this due to limited information.

Account Type

　　Free Forex claims to offer professional ECN with no minimum deposit. However, we cannot find detailed account info.

Leverage

　　Free Forex claims to offer a very high maximum leverage of up to 1:1000. It's really risky especially since this firm is unregulated.

Spreads and Commissions

　　The spread for EUR/USD starts from 1.2 pips. There is no detailed info about commission.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Proprietary platform	✔	iPhone, Android, Windows	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　Free Forex supports payment methods through VISA and MasterCard. Other detailed info like deposit/withdrawal fees and processing time are unknown.