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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

foraxi

Hong Kong Hong Kong | 2-5 years |
ECN Account Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://foraxi.com/

Website

Rating Index

Contact

+44 7383441692
https://foraxi.com/
Room 409, Beverley Commercial Centre, Tsim Sha Tsuikowloon - 999077 Hong Kong

license Forex License

No forex trading license found. Please be aware of the risks.

Company Profile 4
2-5 years
Questionable Regulatory License
Suspicious Operational Region
High Potential Risk
Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
Hong Kong
Operating Period
2-5 years
Company Name
Foraxi Markets Limited
Abbreviation
foraxi
Employees
--
Email
support@foraxi.com
Contact Number
+447383441692
Company Website
Address
Room 409, Beverley Commercial Centre, Tsim Sha Tsuikowloon - 999077 Hong Kong
WhatsApp
+447383441692
Account Info
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • United States foraxi.com
    68.178.226.30
  • United States foraxi.io
    198.187.29.26

Company Profile

Company Profile

Review summary

Foraxi Review Summary
Founded2017
Registered Country/RegionSaint Kitts and Nevis
RegulationRegulated by FCA
Market InstrumentsForex, CFD, and Crypto
Demo Account
LeverageUp to 1:100
SpreadFrom 0.5 pips on all majors
Trading PlatformsWebTrader and Mobile Trader
Minimum Deposit$100
Customer SupportPhone: +447383441692
Email: support@foraxi.com
Address: Room 409, Beverley Commercial Centre, Tsim Sha Tsuikowloon - 999077 Hong Kong

Registered in 2007, Foraxi is a brokerage firm based in Saint Kitts and Nevis. It provides Forex, CFD, and Crypto via WebTrader and Mobile Trader.

Foraxi's homepage

Pros and Cons

Pros Cons
Diverse account typesNo demo accounts
Multiple customer support channels
Low min deposit
Web and mobile platforms

Is Foraxi Legit?

Foraxi is regulated by FCA in the United Kingdom. The current status is general registration.

image.png
Domain information

What Can I Trade on Foraxi?

Tradable Instruments Supported
Forex
CFDs
Commodities
Indices
Cryptocurrencies
Shares
ETFs
Bonds
Mutual Funds
What Can I Trade on Foraxi?

Account Type

Foraxi provides MICRO, STANDARD, ECN, and CPT accounts.

Account comparison

Leverage

The maximum leverage is 1:100, not very high.

Trading Platform

Foraxi offers WebTrader and Mobile Trader.

Web Trader
Mobile Trader

Deposit and Withdrawal

Foraxi supports payment methods through Bitcoin, Tether, USD Coin, Ethereum, VISA, WebMoney, and Yandex Money.

Payment methods

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is foraxi a reliable or highly suspicious trading platform?

According to WikiFX data, Foraxi Markets Limited, a broker registered in Hong Kong and operating for 2-5 years, operates without any recognized forex trading licenses and holds an overall WikiFX score of 1.45 out of 10. This indicates the platform lacks credible regulatory oversight and poses a significant risk profile for potential clients.

04-02
United States

What is the license number of foraxi?

Foraxi Markets Limited operates without any verified licenses from mainstream financial regulators such as the FCA, ASIC, or CySEC. The broker is not authorized to provide financial services in regulated jurisdictions.

04-02
United States

What is the full company name of foraxi?

The full legal entity name is Foraxi Markets Limited.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

How can I identify a scam or fraudulent forex broker?

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.

04-02
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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