foraxi Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-12-24 10:49Abstract：Registered in 2007, Foraxi is an unregulated brokerage firm based in Saint Kitts and Nevis. It provides Forex, CFD, and Crypto via WebTrader and Mobile Trader.
| Foraxi Review Summary | |
| Founded | 2017 |
| Registered Country/Region | Saint Kitts and Nevis |
| Regulation | Regulated by FCA |
| Market Instruments | Forex, CFD, and Crypto |
| Demo Account | ❌ |
| Leverage | Up to 1:100 |
| Spread | From 0.5 pips on all majors |
| Trading Platforms | WebTrader and Mobile Trader |
| Minimum Deposit | $100 |
| Customer Support | Phone: +447383441692 |
| Email: support@foraxi.com | |
| Address: Room 409, Beverley Commercial Centre, Tsim Sha Tsuikowloon - 999077 Hong Kong | |
Registered in 2007, Foraxi is a brokerage firm based in Saint Kitts and Nevis. It provides Forex, CFD, and Crypto via WebTrader and Mobile Trader.
Pros and Cons
| Pros | Cons |
| Diverse account types | No demo accounts |
| Multiple customer support channels | |
| Low min deposit | |
| Web and mobile platforms |
Is Foraxi Legit?
Foraxi is regulated by FCA in the United Kingdom. The current status is general registration.
What Can I Trade on Foraxi?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Foraxi provides MICRO, STANDARD, ECN, and CPT accounts.
Leverage
The maximum leverage is 1:100, not very high.
Trading Platform
Foraxi offers WebTrader and Mobile Trader.
Deposit and Withdrawal
Foraxi supports payment methods through Bitcoin, Tether, USD Coin, Ethereum, VISA, WebMoney, and Yandex Money.
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