FRX

WikiFX | 2024-12-26 16:38

Abstract：FRX is a broker that provides 1500+ tradable instruments including forex, commodities, metals, CDFs, cryptocurrencies, and indices. The broker also provides three real accounts with a maximum leverage of 1:500. The minimum spread is from 0.8 pips and the minimum deposit is $100. FRX is still risky due to its suspicious clone status.

FRXReview Summary
Founded	2019-10-19
Registered Country/Region	United Kingdom
Regulation	Suspicious Clone
Market Instruments	Forex/Commodities/Metals/CDFs/Cryptocurrencies/Indices
Demo Account	✅
Leverage	Up to 1:500
Spread	From 0.8 pips
Trading Platform	MT5(Mobile(Android/iOS)/Desktop/Mac)
Min Deposit	$100
Customer Support	Email: support@frxmarkets.com
	Live support
	YouTube/Facebook/Instagram/Twitter

FRX Information

FRX is a brokerthat provides 1500+ tradable instruments including forex, commodities, metals, CDFs, cryptocurrencies, and indices. The broker also provides three real accounts with a maximum leverage of 1:500. The minimum spread is from 0.8 pips and the minimum deposit is $100. FRX is still risky due to its suspicious clone status.

Pros and Cons

Pros	Cons
Leverage up to 1:500	Suspicious Clone
24/5 multi-lingual support	Negative comments about money disappear
MT5 available
Spread from 0.8 pips
Demo account available
Various tradable instruments

Is FRX Legit?

FCA regulates FRX with license number 631382, while the current status is 'suspicious clone'.

What Can I Trade on FRX?

FRX offers a wide range of market instruments, including forex, commodities, metals, CDFs, cryptocurrencies, and indices.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Metals	✔
CDFs	✔
Cryptocurrencies	✔
Indices	✔
Stocks	❌
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

FRX has three account types: standard, VIP, and ECN. Traders who want low spreads and low leverage can choose an ECN account, while those with a small budget can open a standard account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

Account Type	Standard	VIP	ECN
Minimum Funding	USD 100	USD 1000	USD 10000
Leverage	Up to1:500	Up to 1:500	Up to 1:200
Order volume	From 0.01 with step 0.01	From 0.01 with step 0.01	From 0.01 with step 0.01
Spreads	From 1.8 pips	From 1.4 pips	From 0.8 pips
Commission	No	No	No
Stop Out level	20%	20%	20%

FRX Fees

The spread is 0.8 pips, and the commission is 0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

FRX cooperates with the authoritative MT5 trading platform available in Mobile(Android/iOS), Desktop, and Mac to trade. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Mobile(Android/iOS)/Desktop/Mac	Experienced traders

Deposit and Withdrawal

The minimum deposit is $100. FRX accepts Visa, MasterCard, Tether, Bitcoin, and Bank Wire for deposit and withdrawal, whose deposit speed is instant and withdrawal speed is up to 3 to 7 days.

Funding Methods	Minimum Deposit	Deposit Speed	Withdrawal Speed
Visa	100 USD	Instant	3-7 Days
MasterCard	100 USD	Instant	3-7 Days
Tether	100 USD	Instant	Instant
Bank Wire	5000 USD	Instant	Instant
Bitcoin	100 USD	Instant	Instant

Broker Dealer

Related broker

Unverified

FRX

Company name：FRX MARKETS (UK) Ltd

Score

1.51

Website：https://www.frxmarkets.com

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.51

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