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The WikiFX Score of this broker is reduced because of too many complaints!

Freyr

United Kingdom|2-5 years|
Suspicious Regulatory License|White label MT4|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

http://www.freyrfx.com/en

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

3
Server Name
FreyrGroup-Demo MT4
Server Location Japan

Contact

info@freyrfx.com
http://www.freyrfx.com/en
The WikiFX Score of this broker is reduced because of too many complaints!

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

Freyr Group Limited

Company Abbreviation

Freyr

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-04-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0542173) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

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Freyr · Company Summary

General Information & Regulation

Freyr is a derivatives trading platform offering leveraged investment services in indexes, crude oil, precious metals and contracts for difference (CFD) to international investors. The brand “Freyr” is owned and operated by Freyr Group Limited, a company registered in United Kingdom. Freyr Group Limited is not subject to any regulation at this stage. Please be aware of the risks.

Market Instruments

With Freyr, trader can get access to trading assets include forex currency pairs (more than 30 currency pairs), metals, oil and indices. Overall, financial instruments offered by Freyr is pretty average.

Minimum Deposit

In terms of minimum initial deposit, Freyr doesn‘t make this clear. However, traders should keep in mind that regular and legit brokers won’t ask too high account-opening amount, just around $100 to $200.

Leverage

Trading leverage is not mentioned, when it comes to this part. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It is essential that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Spreads & Commissions

Freyr doesnt announce its spread and commission conditions on its website. It always seems that unregulated broker like to hide their real trading fees to scam traders.

Trading Platform Available

Freyr offers clients the opportunity to trade on MetaTrader 4, an award-winning trading platform. There is no doubt that MT4 has become the most popular trading platform for currency traders due to its ease of use, with a rich trading environment and automated trading capabilities. Freyr MT4 trading platform is available for Pc and Mobile devices.

Deposit & Withdrawal

There are some payment logos on the Freyr website, including Maestro, Paypal, Union Pay, Visa, JCB. As Freyr doesnt make it clear, we are unsure whether these payment methods can be used to deposit and withdraw funds from their accounts.

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金融狂人
more than one year
Frequently, I cannot log into my MT4 trading account, and they said it was due to my computer. I was exhausted and left this broker soon. Before I withdraw my account balance, they still shamefully asked me for additional exit fees.
2023-03-07 09:54
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