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WeekendFX

The Virgin Islands|2-5 years|
Regulated in United States|Suspicious Regulatory License|MT4/5 full license|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://weekend-fx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

6
Server Name
ShogunConsultantsLtd-Demo01 MT4
Server Location Hong Kong

Contact

info@weekend-fx.com
https://weekend-fx.com/
Vryonides Business Center 6, Vasili Vryonides str, 5th floor 3095 Limassol, Cyprus
https://twitter.com/weekendfx1

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Shogun Consultants Limited

Company Abbreviation

WeekendFX

Platform registered country and region

The Virgin Islands

Company website
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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0562741) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

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WeekendFX · Company Summary

Aspect Information
Registered Country Belize
Company Name WeekendFX
Regulation Financial Services Commission of Belize (FSC)
Maximum Leverage 1:1 to 500:1 (varies depending on the trading instrument)
Spreads Floating spreads starting from 0.014 points
Trading Platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
Tradable Assets Forex, CFDs on stocks, indices, commodities, cryptocurrencies
Account Types LIVE and DEMO
Islamic Account Information not provided; further inquiry may be necessary
Customer Support 24/5 via live chat, phone, and email
Payment Methods Bank transfers, debit/credit cards, e-wallets, cryptocurrency payments
Educational Tools Guides, video tutorials, webinars, market analysis reports

Overview of WeekendFX

WeekendFX, headquartered in Belize and regulated by the Financial Services Commission of Belize (FSC), stands out as a dynamic online trading platform catering to both novice and experienced traders. The company, WeekendFX, offers a diverse range of tradable assets, including Forex, CFDs on stocks, indices, commodities, and cryptocurrencies. With a flexible maximum leverage ranging from 1:1 to 500:1, traders have the opportunity to control positions significantly larger than their initial investment, though it's crucial to note that leverage varies based on the chosen trading instrument.

The trading experience on WeekendFX is facilitated through the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, providing users with powerful tools, advanced charting features, and automated trading capabilities. The platform's appeal is further enhanced by competitive floating spreads starting from 0.014 points, offering cost-effective trading options. WeekendFX prioritizes customer satisfaction, offering 24/5 customer support through live chat, phone, and email channels. Additionally, the platform provides a wealth of educational resources, including guides, video tutorials, webinars, and market analysis reports, empowering traders with the knowledge and skills needed to navigate the financial markets successfully. While WeekendFX does not currently provide information on Islamic accounts, prospective users are encouraged to conduct further inquiries for a comprehensive understanding of available account types and features.

WeekendFX

Is WeekendFX legit or a scam?

WeekendFX currently operates under no valid regulation as it can be misleading and potentially harmful. While I cannot conclusively verify their regulatory status without knowing their specific jurisdiction, it's important to note that operating as a financial broker without proper regulatory oversight poses significant risks for investors.

regulation

Pros and Cons

WeekendFX offers competitive features and resources for forex and CFD traders, with high leverage options, commission-free trading, and popular platforms. However, traders should be aware of potential risks associated with high leverage and potential fees for specific instruments and activities. Customer support and educational resources are comprehensive, but may not cater to every individual need. Before choosing WeekendFX, carefully weigh the pros and cons and ensure the broker aligns with your trading goals and risk tolerance.

Pros Cons
  • High leverage options (up to 500:1) for experienced traders
  • High leverage can amplify losses as well as profits
  • No commissions on forex and CFDs
  • Potential fees for other instruments and non-trading activities
  • Competitive floating spreads starting from 0.014
  • Spreads can widen during low liquidity periods
  • Popular MT4 and MT5 platforms with extensive features
  • Limited platform options compared to some brokers
  • Multilingual 24/5 support via live chat, phone, and email
  • Availability of dedicated account managers may vary
  • Comprehensive resources for all levels, including webinars, guides, and market analysis
  • Some advanced topics may require external resources
  • Multiple options including bank transfers, debit/credit cards, e-wallets, and cryptocurrencies
  • Fees may apply depending on the chosen method

Market Intruments

WeekendFX offers four classes of instruments to keep you engaged and potentially capitalize on market movements even when traditional markets are closed. Here's a glimpse into their diverse offerings:

Market-Intruments
  1. Forex Trading: Unleash your inner currency maestro with WeekendFX's extensive selection of major, minor, and exotic forex pairs. Trade the likes of EUR/USD, GBP/JPY, and AUD/NZD, or explore less common currencies for potentially higher returns.

  2. Crypto Currencies: Embrace the digital revolution with WeekendFX's access to popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple. Ride the volatile waves of the crypto market and potentially reap the rewards of its rapid price movements.

  3. Indices: Stay on top of the broader market trends by trading popular indices like the S&P 500, FTSE 100, and Nikkei 225. WeekendFX offers CFDs on these indices, allowing you to leverage their movements without directly owning the underlying assets.

  4. Gold & Silver: Add a touch of precious metals to your portfolio with WeekendFX's gold and silver CFDs. Capitalize on potential price fluctuations in these traditional safe havens and potentially hedge against market uncertainties.

Account Types

WeekendFX keeps things simple with two account types: LIVE and DEMO. Both offer the same leverage ratio of 100:1 and utilize floating spreads. This means:

LIVE:

  • Real-money trading: Invest actual funds and potentially reap real profits (or losses).

  • Full access to platform features: Trade all available instruments, utilize analytical tools, and access educational resources.

  • Floating spreads: Spreads fluctuate based on market conditions and liquidity.

DEMO:

  • Practice trading: Test your strategies and familiarize yourself with the platform without risking real money.

  • Same leverage and spreads as LIVE: Experience realistic trading conditions and market movements.

  • No financial risk: Ideal for beginners and seasoned traders alike to experiment and refine their approach.

Essentially, the only difference between the two accounts is whether you're using real or simulated funds.

In conclusion, WeekendFX's two-tier account structure offers a straightforward entry point for both new and experienced traders. Choose the LIVE account when you're ready to commit real funds, and utilize the DEMO account to practice and hone your skills before diving into the live market.

How to open an account?

WeekendFX welcomes both seasoned traders and curious beginners to explore their weekend-friendly market offerings. Opening an account with them is a straightforward process, allowing you to start trading quickly and efficiently. Here's a breakdown of the steps involved:

  1. Visit the WeekendFX Website: Navigate to their official website and click on the “Open Account” button.

account
  1. Choose Your Account: Select the “LIVE” account if you're ready to trade with real funds, or choose the “DEMO” account to practice with virtual funds.

  2. Fill Out the Application: Provide your personal information, contact details, and financial background accurately. Be sure to have necessary documents like proof of identity and address readily available.

account
  1. Verification: WeekendFX might require additional verification steps to comply with regulatory requirements. This could involve uploading document scans or completing video calls.

  2. Fund Your Account (LIVE only): Choose your preferred deposit method from the available options, such as debit/credit cards, bank transfers, or e-wallets. Depending on the method, funds might be credited instantly or take a few business days.

  3. Start Trading: Once your account is verified and funded, you're ready to explore the platform and start trading! Access market data, place orders, manage your positions, and utilize educational resources as you navigate the markets.

account

Leverage

WeekendFX offers the maximum leverage available is 500:1 on gold trading, 100:1 on forex trading.

Leverage

Trading Platform

WeekendFX empowers traders with two industry-leading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Each platform offers a unique set of features and functionalities, catering to different trading styles and preferences. Here's a breakdown of what you can expect:

MetaTrader 4 (MT4):

  • A classic, user-friendly interface: MT4 boasts a familiar and intuitive layout, perfect for beginners and experienced traders alike.

  • Extensive technical analysis tools: Utilize a vast range of indicators, oscillators, and drawing tools to analyze market movements and identify trading opportunities.

  • Automated trading capabilities: Implement Expert Advisors (EAs) to automate your trading strategies and execute orders based on predefined parameters.

  • Wide range of markets: Trade forex, commodities, indices, and CFDs on various instruments directly through the platform.

  • Customizable workspaces: Tailor your trading environment by arranging windows, setting hotkeys, and creating custom indicators to suit your needs.

Trading-Platform

MetaTrader 5 (MT5):

  • Modern and advanced features: MT5 offers a next-generation platform with improved performance, stability, and additional functionalities.

  • Enhanced charting: Enjoy more advanced charting capabilities with improved depth of market, multi-timeframe analysis, and customizable indicators.

  • Built-in economic calendar: Stay updated on market-moving events with a real-time economic calendar integrated within the platform.

  • Powerful trading tools: Access advanced order types, algorithmic trading capabilities, and market depth analysis to refine your trading strategies.

  • Mobile trading: Trade on the go with the MT5 mobile app, available for both iOS and Android devices.

Which Platform is Right for You?

  • MT4: Ideal for beginners and traders who prefer a classic interface and extensive technical analysis tools.

  • MT5: Perfect for experienced traders seeking advanced features, improved charting capabilities, and algorithmic trading functionalities.

Trading-Platform

Deposit & Withdrawal

WeekendFX offers several convenient options for depositing and withdrawing funds, making it easy to manage your trading capital. Here's a breakdown of the available methods, processing times, and potential fees:

Deposit Methods:

  • Bank transfers: This is a reliable and secure option, but processing times can vary depending on your bank and location. Fees might apply depending on your bank and chosen currency.

  • Debit/credit cards: A quick and convenient option, but some Issuers might charge fees for online transactions.

  • E-wallets: Popular options like Skrill and Neteller provide instant deposits but might have higher fees compared to other methods.

  • Cryptocurrency payments: Available for certain cryptocurrencies, offering a fast and borderless option with potential fees depending on the chosen currency and network.

Withdrawal Methods:

  • Bank transfers: Generally the most secure option, but processing times can be longer. Fees might apply depending on your bank and chosen currency.

  • Debit/credit cards: Processing times can be faster than bank transfers, but some Issuers might have withdrawal limitations or fees.

  • E-wallets: Offer instant withdrawals but might have higher fees compared to other methods.

  • Cryptocurrency payments: Available for certain cryptocurrencies, offering a fast and borderless option with potential fees depending on the chosen currency and network.

Processing Times and Minimum Amounts:

  • Processing times can vary depending on the chosen method and your location. WeekendFX aims to process withdrawals within 24 hours, but bank transfers might take longer.

  • Minimum deposit and withdrawal amounts might apply depending on the chosen method and your currency.

Fees:

  • WeekendFX doesn't charge fees for deposits and withdrawals using all methods. However, some payment providers might have their own charges.

  • Always check the specific fees associated with your chosen method before initiating a transaction.

Customer Support

Trading can be exciting, but it can also be challenging. When questions arise or you need assistance, having reliable customer support is crucial. WeekendFX understands this and offers a comprehensive support system to ensure a smooth and positive trading experience for all its clients.

Here's what you can expect from WeekendFX's customer support:

  • Multilingual Team: Get help in your preferred language, with a team of dedicated support agents available 24/5 via live chat, phone, and email.

  • Multiple Channels: Choose the most convenient way to reach out, whether it's through the intuitive live chat feature, a quick phone call,Twitter(https://twitter.com/weekendfx1),Instagram(https://www.instagram.com/weekendfx_official/),YouTube(https://www.youtube.com/channel/UCQnsGz8txlCOiCmZOdE8UGA),or a detailed email outlining your issue.

  • Knowledgeable Agents: Connect with experienced professionals who are well-versed in all aspects of the platform, trading instruments, and account management.

  • Prompt Responses: Get swift and efficient assistance, with average response times for live chat queries under 2 minutes and email(info@weekend-fx.com) responses within 24 hours.

  • Dedicated Account Managers: For higher-tier accounts, personalized support is available through dedicated account managers who provide tailored guidance and troubleshooting.

  • Extensive Resources: Access a wealth of self-help resources, including FAQs(https://weekend-fx.com/en/faq/), video tutorials, and detailed guides on the platform, trading strategies, and market analysis.

Customer-Support

Educational Resources

Whether you're a seasoned trader navigating complex market movements or a curious newcomer taking your first steps into the world of finance, WeekendFX understands the importance of continuous learning. That's why they offer a comprehensive suite of educational resources designed to empower traders of all experience levels to sharpen their skills, refine their strategies, and achieve their trading goals.

Stepping Stones for Beginners:

  • Easy-to-understand guides: Dive into the fundamentals of forex and CFD trading with bite-sized guides on market terminology, technical analysis basics, and risk management strategies.

  • Video tutorials: Learn visually with engaging video tutorials covering platform functionalities, order types, and basic trading concepts.

  • Webinars and seminars: Expand your knowledge base with regular webinars and seminars hosted by expert analysts and market professionals, delving into diverse topics like market trends, specific instruments, and trading strategies.

Deep Dives for Experienced Traders:

  • Advanced strategy guides: Take your trading to the next level with in-depth guides on advanced technical analysis techniques, automated trading strategies, and portfolio management tools.

  • Market analysis reports: Gain valuable insights from comprehensive market analysis reports provided by WeekendFX's team of market experts, staying ahead of the curve with informed trading decisions.

  • Live market commentary: Tune into live market commentary sessions for real-time updates on market movements, economic events, and expert analysis, allowing you to react swiftly and make informed trades.

Beyond the Platform:

  • Glossary of terms: Keep up with essential terminology with a readily accessible glossary, demystifying technical jargon and ensuring clear understanding.

  • FAQ section: Find answers to your most pressing questions on a variety of topics, conveniently categorized for easy navigation.

  • Blog: Stay informed and engaged with insightful blog articles on diverse trading topics, market trends, and industry news, keeping your knowledge base up-to-date.

Conclusion

WeekendFX presents a compelling option for experienced forex and CFD traders seeking high leverage, diverse assets, and commission-free trading. Its popular MT4 and MT5 platforms offer familiar interfaces and powerful tools, and its educational resources provide valuable insights for both beginners and veterans. However, its appeal comes with caveats.

High leverage, while potentially amplifying profits, can also magnify losses significantly. Traders must possess robust risk management strategies and a clear understanding of their appetite for risk before venturing into such potentially volatile territory. Additionally, while its core trading activities are commission-free, be mindful of potential fees for specific instruments, non-trading activities, and chosen deposit/withdrawal methods.

Overall, WeekendFX is a competitive broker with attractive features for seasoned traders. However, those seeking low-leverage options, comprehensive platform choices, or guaranteed access to dedicated account managers might fare better elsewhere. Ultimately, the decision lies in your individual trading goals, risk tolerance, and preferred features. Weigh the pros and cons carefully before diving in, and always prioritize responsible capital management as you navigate the dynamic world of the financial markets.

FAQs

Q: What assets can I trade on WeekendFX?

A: WeekendFX offers a variety of popular trading instruments, including:

  • Forex: Major, minor, and exotic currency pairs

  • CFDs: Contracts for difference on stocks, indices, commodities, and cryptocurrencies

Q: What are the leverage options on WeekendFX?

A: Leverage varies depending on the instrument you're trading, but it can be very high, ranging from 1:1 to 500:1. This means you can control a much larger position than your actual investment, which can amplify both your profits and losses.

Q: Does WeekendFX charge commissions?

A: No, WeekendFX does not charge commissions on forex and CFD trades. However, there may be fees for other instruments, such as stocks, and for non-trading activities like deposits and withdrawals.

Q: What trading platforms does WeekendFX offer?

A: WeekendFX offers the popular and widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are known for their user-friendly interface, extensive technical analysis tools, and automated trading capabilities.

Q: Does WeekendFX offer customer support?

A: Yes, WeekendFX offers 24/5 customer support via live chat, phone, and email. They also have a dedicated support team for high-tier accounts.

Q: Does WeekendFX offer educational resources?

A: Yes, WeekendFX provides a variety of educational resources for traders of all levels, including guides, tutorials, webinars, and market analysis reports.

Q: Is WeekendFX a safe and reliable broker?

A: WeekendFX is a relatively new broker, so it doesn't have a long track record. However, it is regulated by the Financial Services Commission of Belize (FSC), which is a reputable regulatory body.

User Reviews

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rainyday
more than one year
Having traded with various platforms over the years, WeekendFX truly stands out. From seamless integration across Windows, iOS, and Android devices, to the remarkable trade execution, my experience has been second to none. Their all-in-one account has simplified my investment management, while the flexibility of leverage up to 100:1 opens up plenty of trading opportunities. What impresses me most is the 365-day trading availability, which ensures I never miss out on any potentially profitable moments, even over the weekend. On top of that, navigating the MetaTrader platform has never been easier, truly enhancing my trading efficiency. And should any questions arise, their customer support is always ready to assist, marking another point in their favor. Couple all these with their low cost funding and trading, and you've got yourself a trader's dream platform. My journey with WeekendFX so far has been enriching, and I find myself comfortably relying on them for my trading needs.
2024-03-14 16:41
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Mary5056
more than one year
Struggling with charting on WeekendFX for a week now, called them 7 times – no solution. Employees seem lost, wasting 30 mins each call. Instead of escalating, they insist on fixing without success.
2024-01-03 18:50
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John47971
more than one year
What a wonderful experience, so pleased with their customer support service. I was poor but ever since I got to be introduced to this company, my life has changed. Thank you very much!
2023-03-07 17:41
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