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Fenics FX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-30 15:49

Abstract:Fenics FX, operated by Fenics Software, Inc. in the United States for 2-5 years, offers trading opportunities in a variety of market instruments, including 55 currency pairs, CFDs on stocks, indices, and commodities, as well as options across different asset classes. However, it operates without recognized regulatory oversight, raising concerns about potential risks associated with trading through this unregulated broker. Traders should exercise caution and conduct thorough due diligence. The broker's pricing structure is volume-based, with spreads from 0.0 pips and fixed commissions starting at $0.01 per side, while the minimum deposit is USD 250. Fenics FX supports various deposit and withdrawal methods, with varying processing times. The platform provides multiple trading platforms and technology solutions, including Lucera® and integration options with TRAIANA solutions. Specific trading hours are outlined in the holiday schedule, and customer support is available through email and

Fenics FXReview Summary
Founded2003
Registered Country/RegionUnited States
RegulationNo Regulation
Market InstrumentsForex, Spot Metals
Demo Account❌
Leverage/
Spread/
Trading PlatformFMX FX platform
Min Deposit/
Customer SupportPhone: +1 646 344 6090 (United States)+44 20 7422 1444 (UK)+65 6632 3890 (Singapore)+852 3405 2722 (Hong Kong)
Email: Sales@fenicsfx.com

Fenics FX Information

  Fenics FX, incorporated in the United States in 2003. With its own platform, it offers traders the opportunity to trade forex and precious metals. But for now, it is unregulated and provides little information.

Fenics FX Information

Pros and Cons

Pros Cons
Long establishedNo Regulation
55 forex pairsLess information disclosure

Is Fenics FX Legit?

  Fenics FX is currently unregulated. In addition, its official website was registered in 2003.

Is Fenics FX Legit?
Is Fenics FX Legit?

What Can I Trade on Fenics FX?

  Fenics FX offers trading opportunities in 55 currency pairs, including spot metals, through its trading platform.

Tradable Instruments Supported
Forex✔
Spot Metals✔
Indices❌
Stocks❌
Bonds❌
ETF❌

Trading Platform

  Fenics FX offers its own platform for traders to use.

Trading PlatformSupported Available Devices Suitable for
FMX FX platform✔-All traders
MT4❌
MT5❌
Trading Platform

Related broker

No Regulation
Fenics FX
Company name:Fenics Software, Inc.
Score
1.55
Website:http://www.fenicsfx.com
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.55

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