Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Fxplus

Switzerland|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://fxplus.co/index.php

Website

Rating Index

Contact

+44 7448035857
info@fxplus.co
https://fxplus.co/index.php
Bahnhofstrasse 10, 8001 Zürich, Switzerland

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 7448035857

Broker Information

More

Company Name

Fxplus

Company Abbreviation

Fxplus

Platform registered country and region

Switzerland

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed Fxplus also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

MultiBank Group

8.59
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FBS

8.75
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FP Markets

8.87
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Fxplus · Company Summary

Note: Regrettably, the official website of Fxplus, namely https://fxplus.co/index.php, is currently experiencing functionality issues.

Fxplus Review Summary
Registered Country/Region Switzerland
Regulation Unregulated
Market Instruments Cryptocurrencies, Forex, Commodities, Stocks, Indices, and CFDs
Demo Account /
Leverage 1:400 (Gold account)
Trading Platforms Fxplus platform and MT4
Minimum Deposit €250
Customer Support Phone and email

What is Fxplus?

Fxplus is a financial corporation based in Switzerland, offering a wide range of trading instruments. With an unregulated status, Fxplus provides leverage up to 1:400 for Gold account holders, and operates through the Fxplus platform and MT4 trading platforms. Clients can open an account with a minimum deposit of €250, and access customer support via phone and email.

Fxplus

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • MT4 supported
  • Not regulated
  • Wide Range of Trading Instruments
  • Inaccessible website
  • Unclear trading conditions (spreads, commissions, swaps, funding methods)

Pros of Fxplus:

- MT4 Supported: Fxplus supports the popular MetaTrader 4 (MT4) platform, known for its user-friendly interface, advanced charting tools, and automated trading capabilities, offering a familiar and robust trading experience to clients.

- Wide Range of Trading Instruments: Fxplus provides a diverse selection of trading instruments, allowing traders to access various markets such as forex, commodities, stocks, indices, and CFDs, potentially increasing trading opportunities.

Cons of Fxplus:

- Not Regulated: Operating in an unregulated environment can pose risks to investors as there may be no oversight or investor protection mechanisms in place, potentially exposing traders to fraudulent activities or malpractices.

- Inaccessible Website: The current inaccessibility of Fxplus' website can hinder clients from obtaining essential information, conducting research, or accessing account-related services, impacting the overall user experience.

- Unclear Trading Conditions: Fxplus's lack of transparency regarding trading conditions such as spreads, commissions, swaps, and funding methods can lead to confusion and uncertainty for clients, making it challenging to assess the true cost and risks associated with trading on the platform.

Is Fxplus Safe or Scam?

Fxplus lacks proper regulation, meaning that they operate without oversight from any government or financial authority, posing a significant risk to investors. This absence of regulation raises concerns about the transparency and reliability of their trading operations, especially given that their official website is currently inaccessible. These factors combine to create a heightened level of risk for those considering investing with Fxplus.

Investing with an unregulated platform like Fxplus exposes investors to the potential threat of their funds being mishandled or misappropriated without any legal recourse. The individuals behind such platforms may abscond with investors' money at any point without bearing any legal responsibility for their actions, leaving investors vulnerable to financial losses and potential fraud. Before committing any funds to Fxplus or similar unregulated entities, it is crucial for investors to conduct thorough due diligence, carefully assessing the risks and potential rewards involved. d of encountering fraudulent or unethical practices within the trading environment.

Market Instruments

Fxplus offers a diverse range of trading instruments across different asset classes.

- Cryptocurrencies: Fxplus allows traders to trade popular cryptocurrencies like Bitcoin, Ethereum, Ripple, and other digital currencies. - Forex: Fxplus provides access to the foreign exchange market, where traders can buy and sell currency pairs. This market is the largest and most liquid in the world, with opportunities to profit from fluctuations in exchange rates.

- Commodities: Fxplus offers trading in a variety of commodities, including precious metals like gold and silver, energy products like crude oil and natural gas, as well as agricultural products like wheat and corn.

- Stocks: Fxplus allows traders to invest in shares of publicly listed companies from around the world. By trading stocks, investors can benefit from company performance and market trends.

- Indices: Fxplus offers trading in stock market indices, which represent the overall performance of a group of related stocks. Traders can speculate on the direction of these indices, such as the S&P 500 or FTSE 100.

- CFDs (Contract for Difference): Fxplus enables traders to trade CFDs, which are derivative products that allow investors to speculate on the price movements of underlying assets without actually owning them. CFDs offer leverage and the ability to profit from both rising and falling markets.

Account Types

Fxplus offers different account types to cater to the varying needs and preferences of traders.

  • Bronze Account:

- Minimum Deposit: €250

  • Silver Account:

- Minimum Deposit: €5,000

  • Gold Account:

- Minimum Deposit: €25,000

  • Black Account:

- Invitation Only: The Black Account is an exclusive account type that is available by invitation only. Clients who meet certain criteria or have a high level of trading experience may be invited to open a Black Account with special privileges and benefits tailored to their needs.

Leverage

Fxplus offers different levels of leverage depending on the account type. The Bronze account provides a maximum leverage of 1:30, giving traders the ability to control a larger position with a smaller amount of capital. The Silver account offers a higher leverage of 1:200, allowing for even greater trading flexibility. For Gold account holders, the leverage goes up to 1:400, giving traders even more potential for profit.

However, it is important to remember that with higher leverage comes higher risk. While leverage can magnify profits, it can also amplify losses. It is crucial for traders to understand the risks involved and to use leverage wisely.

Account Type Maximum Leverage
Bronze 1:30
Silver 1:200
Gold 1:400
Black 1:500

Trading Platforms

Fxplus offers its clients access to trading platforms such as the Fxplus platform and MetaTrader (MT4) through Android and iOS devices.

  • The Fxplus Platform

The Fxplus platform is a user-friendly and intuitive trading platform that provides traders with advanced charting tools, real-time market data, and a wide range of trading instruments. With the Fxplus platform, traders can execute trades, monitor their positions, and access market analysis all in one place.

  • MT4

In addition to the Fxplus platform, clients of Fxplus can also trade using the popular MetaTrader (MT4) platform on their Android and iOS devices. MetaTrader (MT4) is a well-known and widely used platform in the trading industry, offering a range of features such as customizable charts, technical analysis tools, and automated trading capabilities through expert advisors (EAs).

Trading Platforms

Trading Hours

Fxplus provides a versatile trading platform that empowers clients to engage in trading activities conveniently and flexibly, regardless of their location and the time of day. With this platform at their disposal, traders have the freedom and accessibility to participate in the financial markets at any given moment, ensuring that they can seize trading opportunities as they arise without being constrained by physical boundaries or time constraints. This platform is designed to offer a seamless and user-friendly trading experience, enabling clients to effectively manage their trades, access real-time market data, utilize advanced charting tools, and stay informed with market analysis while on the move. Its mobile trading capabilities through Android and iOS devices further enhance the convenience and efficiency of trading operations for clients, allowing them to stay connected to the markets and make informed decisions no matter where they are.

Customer Service

Customers can get in touch with customer service line using the information provided below:

Telephone: +41434560025

Email: info@fxplus.co

Conclusion

In conclusion, Fxplus offers the advantages of supporting the popular MT4 platform and providing a wide range of trading instruments. However, the platform faces significant drawbacks such as the lack of regulation, an inaccessible website, and unclear trading conditions. These issues can potentially undermine the trust and confidence of traders, as the absence of regulatory oversight, website accessibility issues, and a lack of clarity on trading terms may raise concerns about the reliability and transparency of Fxplus as a trading platform.

Frequently Asked Questions (FAQs)

Q 1: Is Fxplus regulated by any financial authority?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at Fxplus?
A 2: You can contact via telephone: +41434560025 and email: info@fxplus.co
Q 3: What is the minimum deposit for Fxplus?
A : The minimum initial deposit to open an account is €250.
Q 4: What platform does Fxplus offer?
A 4: It offers Fxplus platform and MT4.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

nooo
more than one year
Interacting with Fxplus left me feeling uncomfortable. The agent was pushy and didn't react well to my concerns. Also found bad reviews and scam alerts about them on the internet. Be careful if you're thinking about trying out their services.
2024-02-23 14:54
Reply
0
0
微领地~小蜜~素萍
more than one year
I have deposited 500 euros here but now my account is blocked ... This is a total scam, do not invest in this site. Fxplus is a scam broker and your money will just disappear suddenly.
2023-03-08 17:01
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com