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FX EDGE

South Africa|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://www.fx-edge.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Cyprus 2.83

Surpassed 40.38% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 1442 78 0302
contact@fx-edge.com
https://www.fx-edge.com/
21, Aurora Drive Umhlanga, 4301, South Africa

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The South AfricaFSCA regulation (license number: 49288) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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FX EDGE · Company Summary

Note: For some unknown reason, we cannot open FX EDGEs official site (https://www.fx-edge.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

General Information & Regulation

FX EDGE, a trading name of FXE PRIME LTD, is allegedly a forex and CFD broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with leverage up to 1:100 and floating spreads from 0.2 pips on the MetaTrader4 and mobile app trading platforms.

As for regulation, it has been verified that FX EDGE does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.45/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

FX EDGE advertises that it offers access to a wide range of trading instruments in financial markets, including forex currency pairs, CFDs, stocks, indices, commodities and cryptocurrencies.

Leverage

The leverage provided by FX EDGE is capped at 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

FX EDGE claims that the typical spread on the currency pair EUR/USD is from 0.2 pips on standard account type.

Trading Platform Available

Platforms available for trading at FX EDGE are MetaTrader4 forex trading top platform, as well as mobile apps. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

FX EDGE says to work with numerous means of deposit and withdrawal choices, consisting of Bank transfer, credit/debit cards, Skrill and Neteller. The minimum initial deposit requirement is said to be $500, while there is no mention of what the minimum withdrawal amount is.

Customer Support

FX EDGE‘s customer support can be reached by telephone: +44 1442 78 0302, email: contact@fx-edge.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.

Risk Warning

Online trading involves a significant level of 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 contained in this article is for general information purposes only.

Broker Information

Company Name

DNKR ZA (Pty) Ltd

Company Abbreviation

FX EDGE

Regulatory Status

Suspicious Clone

Platform registered country and region

South Africa

Company website
Phone of the company
  • +44 1442 78 0302

Twitter

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Facebook

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Instagram

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YouTube

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Company address
  • 21, Aurora Drive Umhlanga, 4301, South Africa

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • contact@fx-edge.com

Company Summary

User Reviews

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2

Comments

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Passerby59981
more than one year
Low spreads and high-speed execution have always been important to me as a broker. You know that this is important for making money. I chose it because of these things.
2022-12-20 11:09
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天下归一
more than one year
Great support, always responsive in times of need! No major issues working with them. Wide range of products available with very competitive spreads. Highly recommend!
2022-12-09 14:18
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