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United Kingdom|5-10 years|
White label MT4|Regional Brokers|High potential risk|


Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

Server Name
WanRongFoundation-Demo MT4
Server Location United States



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



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Broker Information


Company Name




Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away!
Previous Detection : 2024-07-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

FDEX · WikiFX Survey

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Pyramid scheme complaint

A loss of 160,000 on FDEX WanRong

In March, I saw an article on a WeChat’ official account, getting the stock index. Then I applied to join in a QQ group named Guhai Haoqing (it has been dissolved). There are 4 advisers in the group, giving live lessons on stock. They are Hong Tao, Shen Wenbin, Chen Qingquan, Wang Liang and an assistant Li Yue, a commissioner for opening accounts Xiaoya. The live stream studio: "Golden Stone Collection", the website At the beginning, they told about stocks. Since I thought their lessons are professional, I trusted Hong Tao. From then, I went to their trap step by step. Later, when Shen Wenbin was in the studio, he deliberately revealed that he guided his friend to invest fa50.f on MetaTrader 4. He said as the stock market was not very good, the stock futures could hedge the stock losses. He added that he had helped his friend gain profits many times. Given that many audiences asked the adviser to guide them too. Hong Tao negotiated with Jinshi Investment’ boss, applying for guiding 1,000 people to trade. In the middle and late April, he started to give advice on a live stream studio. I thought it was very likely to gain profits, so I also opened an account a few days later. I didn't take the chance to make profits before. Later, I followed they every time, but earn a small amount and lost a lot. They ask me not to stop loss. Later, they didn’t give recommendations on the live studio, but on QQ group. I re-entered the group named platinum assault camp. Later, I lost a lot and decided not to follow them. On August 1st, I applied for withdrawing 6240. US dollars. So far the money has not arrived. The platform has run away. I am very miserable, with a cumulative loss of more than 160,000

2019-09-25 18:20
Unable to Withdraw

malicious scam exchange

I was squeezed out of bankruptcy by the fraudulent exchange platform! At the end of April this year, I met a netizen on IG who came into contact with this platform. At the beginning, I made a small deposit and made money. Later, my friend bravely suggested that I increase the amount. I kept depositing nearly one million Taiwan dollars to buy USDT and made a little money, and I also applied for withdrawals in the middle, which was normal. Until last month, on May 25, this friend advocated and asked me to participate in the coin hoarding activity of this fraudulent platform. This netizen said. He also participated in the event on the same day. I thought about it for a few days because it was the first contact, and then my friend suggested that I participate in the 180 ETH hoarding activity. I have been advocating that I register as soon as possible, but after I signed up, I asked this netizen how much 180ETH is in USDT. When the netizen told me that my account is 110,000 USDT, there is still a shortfall of 220,000 USDT to complete the event! I was completely dumbfounded before I realized that I still have to make up the amount. The netizen said that he would help me find a way to make up for it. After all, he wanted me to participate in the event. In the past month, I have borrowed money from friends and even sold cars to get loans. A netizen said one after another that he would deposit tens of thousands of USDT for me to complete the event. It was not until June 24th that I finally made up and completed the activity. I asked the customer service of the platform whether I could apply for deposit after completing the activity. The customer service replied that I was sure that I had completed the activity and could apply for withdrawal at any time. Rejected and rejected, I applied for the second time to divide into three withdrawals of 110,000 USDT each, but was still rejected, so I asked the customer service again, and the customer service replied that my account withdrawal exceeds 200,000 USDT according to the international tax standard. 16% of the withdrawal amount ($54,289 USDT)! Now I found out where did this rule come from? The total amount of 180 ETH hoarding activities totaling 339,308 USDT would have been exceeded. (My own part is only 140,000 USDT) I asked a netizen that the exchange required me to pay taxes, and the netizen replied that taxes are normal. It's just that he didn't think about the tax issue! I asked the customer service again if it is possible to deduct from my assets. The customer service said no. According to the global currency encryption treaty, I have to pay taxes before July 2. So I left a message with the customer service and said that I have never heard that the exchange will need to pay taxes. To pay is also remitted into our country to pay taxes to our government! At the moment, I realized that this is simply a fraudulent exchange platform, and this netizen is also a member of a fraudulent group! In order to complete the event, I should sell what I should sell and borrow money from friends everywhere! No money now! One steak is not enough for one layer of skin, and I want to continue to eat up people! Now I have no money, and I am still in debt and they want me to pay taxes. The black-hearted and evil defrauded the exchange to pay me back!

2023-07-04 10:53

FDEX · Company Summary

Note: FDEXs official site - is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

FDEX Review Summary in 5 Points
Founded 2-5 years
Registered Country/Region United Kingdom
Regulation Not regulated
Trading Platforms MT4
Customer Support Email,QQ

What is FDEX?

FDEX, is an online trading platform based in the United Kingdom that offers trading services to individuals interested in the financial markets. However, it is important to note that FDEXs website is currently unavailable, making it difficult to verify its legitimacy or regulatory status.

Furthermore, it is important to note FDEX is currently not regulated by any recognized financial authorities which raises concerns when trading.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros & Cons
Pros Cons
• MT4 platform • Not regulated
• Lack of transparency
• Website unfunctional
• Limited customer support options
• Negative reviews from their clients

FDEX Alternative Brokers

There are many alternative brokers to FDEX depending on the specific needs and preferences of the trader. Some popular options include:

  • XGLOBAL - An online forex and CFD broker providing traders with access to a wide range of markets, advanced trading technologies, and competitive trading conditions through its innovative platforms and liquidity network.

  • FBS - FBS is a reputable broker with a wide range of trading instruments and account options, suitable for both beginners and experienced traders.

  • TD Ameritrade- TD Ameritrade is a powerhouse in the brokerage industry, offering a comprehensive suite of investment services, advanced trading platforms, and research tools, making it a top choice for traders and investors looking for a full-service brokerage experience.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is FDEX Safe or Scam?

Is FDEX Safe or Scam?

When considering the safety of a brokerage like FDEX or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: It is not regulated by any major financial authorities,which means that there is no guarantee that it is a safe platform to trade with. Besides, the official website of the broker is inaccessible, indicating that the trading platform may have absconded. These make investing with them risky.

  • User feedback: 4 reports regarding scams and unable to withdraw on WikiFX should be taken into consideration as potential red flags. It is recommended to conduct thorough research and due diligence before engaging with any broker or investment platform.

  • Security measures: So far we cannot find any security measures info on Internet for this broker.

Ultimately, the decision of whether or not to trade with FDEX is a personal one. You should weigh the risks and benefits carefully before making a decision.

Trading Platforms

FDEX has selected MetaTrader 4 (MT4) as their chosen platform for conducting trades.

This renowned trading platform is recognized for its versatility, technological sophistication, and user-friendly interface, features that greatly favor both novice and experienced traders. With MT4 platform, traders have access to its comprehensive analysis tools, real-time market data, and automated trading capabilities. This not only simplifies the trading process but also enables traders to make more informed and strategic decisions. See the trading platform comparison table below:

Broker Trading Platforms
FBS MT4/5, FBS Trader (proprietary)
TD Ameritrade Thinkorswim

User Exposure on WikiFX

On our website, you can see that total 4 reports of scams and unable to withdraw which should be marked as red flag. Traders are encouraged to carefully review the available information. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

FDEX's offering for customer service seems to be somewhat limited as it only provides email and QQ as channels for communication. This could potentially impose a delay in resolving trader queries or issues, considering these methods do not provide immediate response compared to phone support or live chat.

QQ: 1022641316


The absence of these more direct lines of communication may suggest constraints on the accessibility to customer service, which clients should be aware of when considering FDEX as their trading platform.


According to available information, FDEX is a UK-based trading platform that offers trading services to its clients. However, the fact that it is non-regulated is an immediate red flag, as regulated brokers are subject to oversight and compliance with established financial regulations, providing clients with a level of assurance and protection. The lack of proper regulation and oversight increases the potential risks for traders, leaving them vulnerable to potentially fraudulent activities or misconduct.

Additionally, an unfunctional website indicates a lack of professionalism and attention to detail, which further erodes confidence in the company's ability to provide reliable and efficient services.

Besides of this, it even gets 4 reports of scam, fraud and unable to withdraw on WikiFX, which makes it extremely unreliable.

As such, individuals considering FDEX as their brokerage firm should exercise extreme caution and thoroughly research alternative, regulated options that prioritize transparency, security, and accountability.

Frequently Asked Questions (FAQs)

Q 1: Is FDEX regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: Is FDEX a good broker for beginners?
A2: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency and negative reports on WikiFX.
Q 3: Does FDEX offer the industry leading MT4 & MT5?
A 3: Yes, it provides MT4 platform.

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

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Write a review

more than one year
It's a scam. It's not working for me and for 4 of my friends. Try to write to them and you will see for yourself that nobody answers or check down the page where you can see the cash in and cash out. The names for the cashouts don't change because it is not possible to withdraw anymore. Don't invest!!
2023-03-09 18:00
Mercy 848
more than one year
My loss was IDR 50 million, I was asked to pay around IDR 42.5 million to withdraw my money…this is a scam
2022-12-05 14:28
Mercy 848
more than one year
I was invited by someone from Instagram who is from Hong Kong with an account named @ineshadowmoon I took part in the first trade of 3 million then I increased 20 million after that I traded then I was asked to add another 30 million I followed the process until my friend deliberately added 7000usd to my account, before I didn't know it was real 7000usd or just to trap me when withdrawing I was asked to pay 20% of my total assets, so I could
2022-12-05 14:24


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