FXNX

FXNX holds a Forex Trading License from the Mwali International Services Authority (MISA) in Comoros, indicating it is a regulated broker. However, its core score is 5.60/10, and there are multiple user complaints regarding withdrawal delays, account freezes, and disputed trading terms. These factors suggest potential risks, and traders should exercise caution.

Yes, FXNX is regulated by the Mwali International Services Authority (MISA) in Comoros under license number BFX2025082, with a Forex Trading License (EP) status marked as 'Regulated'.

The minimum deposit for FXNX is $100, as stated in their account conditions for the NX One account.

FXNX supports MT5 (MetaTrader 5) with a full license. It does not support MT4.

Pros: Offers MT5, low spreads from 0, high leverage up to 1:500, supports scalping, Expert Advisors (EAs), and Islamic accounts. Cons: Numerous user complaints about withdrawal delays, account freezes, bonus abuse accusations, and poor customer service. The broker is relatively new (1-2 years) and has a moderate overall score of 5.60/10.

Yes, there are several user complaints against FXNX. Common issues include withdrawal delays lasting over a week, accounts being frozen or flagged as unverified after deposits, and allegations of unfair bonus policy enforcement. Some users have also reported unresponsive customer support.

FXNX is not regulated by US authorities and does not explicitly state availability for US clients. US residents may face restrictions or be unable to open accounts due to regulatory requirements.

FXNX offers beginner-friendly features such as a low minimum deposit ($100), MT5 platform, and support for Islamic accounts. However, the broker has a short operating history (1-2 years) and multiple user complaints about withdrawal issues, which may pose risks for inexperienced traders. Caution is advised.

Deposit information is not specifically detailed, but the minimum deposit is $100. Withdrawal processing, however, has been reported as problematic: multiple users have experienced delays of 10 days or more, with some requests remaining pending despite authorization. The broker’s customer service has also been slow to respond in these cases.

User reviews for FXNX are mixed. Positive reviews highlight a stable platform, intuitive interface, and smooth execution. Negative reviews, however, frequently cite withdrawal delays, account freezes, and poor support. The broker has an overall rating of 5.60/10 based on regulatory, risk control, and business indexes.

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.