FOREAXA

Based on WikiFX data, Foreaxa Markets Ltd presents significant concerns regarding safety and reliability. The broker holds an overall WikiFX score of 1.49 and a regulatory index score of 0.0, indicating a severe lack of oversight. It operates without authorization from any recognized major financial authority. Furthermore, its operational history is under one year, which is a relatively short track record for evaluating long-term stability. These factors contribute to a high-risk profile, meaning investor funds are not protected by standard regulatory safeguards.

No, FOREAXA is not regulated. According to its WikiFX profile, the broker's regulatory status is listed as 'No Regulation,' and its regulatory index score is 0.0. It is registered in Saint Lucia, a jurisdiction not known for stringent, proactive financial oversight of forex brokers. The absence of a license from top-tier regulators like the FCA, ASIC, or CySEC means it operates outside established regulatory frameworks designed to protect clients.

FOREAXA offers multiple account types with varying minimum deposit requirements. According to WikiFX data, the minimum deposit starts from $100 for its 'Pro' account. The 'Elite' and 'ECN' accounts require a $1,000 minimum deposit, while the 'Demo' account has a simulated entry condition of $10,000.

FOREAXA provides trading through the MetaTrader 5 (MT5) platform. WikiFX data indicates it offers a 'White Label MT5' solution. There is no indication of support for the MetaTrader 4 (MT4) platform. The average execution speed for its platform is reported at 195.5 ms.