Review summary
Frax Trade is a broker registered in the United Kingdom and reported to have been operating for 1-2 years. The broker holds no valid authoritative forex trading licenses. This significant absence of formal regulatory oversight means client funds are not protected under any recognized compensation scheme, and the broker's operations lack the transparency and accountability mandated by established financial authorities. Frax Trade offers a variety of account types with minimum deposits ranging from USD 250 to USD 10,000 and advertises leverage up to 1:200. Its WikiFX score of 1.26 reflects a fundamental deficiency in its regulatory and risk control framework. Prospective clients should be acutely aware of the severe risks associated with engaging an entity that operates without credible financial supervision. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-09)
