FRX
摘要：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 |
