Foraxi Forex broker specializes in providing foreign exchange trading services, the company's official website https://platform.foraxi.com/register, the company's legitimate regulatory information United KingdomFCACommon Business Registration, to enhance the security of the company's address Room 409, Beverley Commercial Centre, Tsim Sha Tsuikowloon - 999077 Hong Kong.
Foraxi Forex Broker
Basic information
Hong Kong
2-5 years Regulated in United Kingdom Common Business Registration Suspicious Scope of Business Suspicious Overrun Medium potential riskCompany profile
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.
Pros and Cons
| Pros | Cons |
| Diverse account types | No 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.
What Can I Trade on Foraxi?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Foraxi provides MICRO, STANDARD, ECN, and CPT accounts.
Leverage
The maximum leverage is 1:100, not very high.
Trading Platform
Foraxi offers WebTrader and Mobile Trader.
Deposit and Withdrawal
Foraxi supports payment methods through Bitcoin, Tether, USD Coin, Ethereum, VISA, WebMoney, and Yandex Money.
Rating Index
CPT
ECN
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Latest Reviews
Eric Wuang
Malaysia
Accessibility of the Foraxi platform is fine, though I've noticed some delays in customer support responses during peak hours. The social trading features are also good.
Positive
2024-05-29
Skr Wu2333
United Kingdom
I had a lot of problems setting up an account and there were a number of misunderstandings about the supporting documents required. I also had problems accessing my favorite trading platform. The response times from support are not exactly fast either.
Neutral
2024-07-10