FRFX Forex Broker

FRFX Review SummaryFounded2022Registered Country/RegionHong KongRegulationFINTRACMarket InstrumentsForex, Stocks, Commodities, CryptocurrenciesDemo AccountNot mentionedLeverageUp to 1:400SpreadFrom 0.2 pips (EURUSD)Trading PlatformMT5Min Deposit$100Customer SupportEmail: support@florisiprime.comFRFX Information Established in 2022, FRFX is an unregulated brokerage company registered in Hong Kong. This firm provides more than 350 tradable instruments with its popular trading platform (MT5). FRFX gives five live trading accounts. However, no phone support option could be a barrier for some investors.Pros and ConsProsCons350+ investment optionsLimited customer support optionsUser-friendly MT5 platformMultiple account types ( MINI, STD, VIP, PRO, and Trader)Leverage options availableRegulated by the FINTRACIs FRFX legit? FRFX is officially licensed and regulated by The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under license number M20201096.What Can I Trade on FRFX? With FRFX, you can make a diversified portfolio in 5 asset classes, including forex, futures, indices, commodities, stocks, and cryptocurrencies. This firm claims to offer more than 350 tradable instruments. Compared to some other online brokerages, FRFX doesn't offer as many ways to invest. There's no ETFs trading or bonds trading. But overall, you still have a good mix of investment options.Tradable InstrumentsSupportedForex✔Stocks✔Futures✔Indices✔Commodities✔Cryptocurrencies✔Bonds❌Options❌Mutual Funds❌ETFs❌Account Types Some online brokerages provide various account types. The bright side of this approach is that you might pay less in fees the more you invest. FRFX presents five live trading accounts: MINI, STD, VIP, PRO, and Trader. Tighter spreads and higher margin call ratios become available as your investment grows. If you invest at least $20,000, you will have spreads from 0.2 pips and a margin call ratio as high as 0.5.Account TypeMINISTDVIPPROTraderFirst Deposit100 USD2,000 USD5,000 USD20,000 USD5,000 USDSubsequent Fund100 USD300 USDLeverageCurrencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100xMinimum SpreadEURUSD: 1.8+; XAUUSD: 3.5+EURUSD: 1.3+; XAUUSD: 3.0+; EOSUSD: 1000; BTCUSD: 5000EURUSD: 1.1+; XAUUSD: 2.8+; EOSUSD: 1000; BTCUSD: 5000EURUSD: 0.2+; XAUUSD: 1.5+; EOSUSD: 1000; BTCUSD: 5000Margin Call Ratio0.20.30.5Single Position Size0.01-300.01-300.1-300.01-300.1-30Leverage FFRFX offers varying maximum leverages across its account types. The maximum leverage is 1:400. Detailed information is as follows:Account typesMaximum LeverageMINI1:100 (Currencies: Up to 100x; XAUUSD: Up to 50x)STD1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x)VIP1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x)PRO1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x)Trader1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x)FRFX Fees This firm provides spread starting from 0.2 pips. The spreads for EUR/USD are as follows:Account typesSpreadsMINIFrom 1.8 pipsSTDFrom 1.3 pipsVIPFrom 1.1 pipsPROFrom 0.2 pipsTraderFrom 0.2 pipsTrading Platform MT5 (MetaTrader 5) is available with FRFX. You can apply it on multiple devices, including Windows, MAC, Android, and IOS.Trading PlatformSupportedAvailable DevicesSuitable forMT5✔Windows, MAC, iOS, AndroidInvestors of all experience levelsMT4❌Proprietary platform❌