FRFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://client.florisiprime.com/, about the company's legal and temporary regulatory information, the company's address 15-31 DON MILLS ROAD TORONTO, ON, CANADA M3B3N7.
FRFX Forex Broker
Basic information
Hong Kong
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
FRFX 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 Cons
| Pros | Cons |
| 350+ investment options | Limited customer support options |
| User-friendly MT5 platform | |
| Multiple account types ( MINI, STD, VIP, PRO, and Trader) | |
| Leverage options available | |
| Regulated by the FINTRAC |
Is 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 Instruments | Supported |
| Forex | ✔ |
| 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 Type | MINI | STD | VIP | PRO | Trader |
| First Deposit | 100 USD | 2,000 USD | 5,000 USD | 20,000 USD | 5,000 USD |
| Subsequent Fund | 100 USD | 300 USD | |||
| Leverage | Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x | ||||
| Minimum Spread | EURUSD: 1.8+; XAUUSD: 3.5+ | EURUSD: 1.3+; XAUUSD: 3.0+; EOSUSD: 1000; BTCUSD: 5000 | EURUSD: 1.1+; XAUUSD: 2.8+; EOSUSD: 1000; BTCUSD: 5000 | EURUSD: 0.2+; XAUUSD: 1.5+; EOSUSD: 1000; BTCUSD: 5000 | |
| Margin Call Ratio | 0.2 | 0.3 | 0.5 | ||
| Single Position Size | 0.01-30 | 0.01-30 | 0.1-30 | 0.01-30 | 0.1-30 |
Leverage
FFRFX offers varying maximum leverages across its account types. The maximum leverage is 1:400. Detailed information is as follows:
| Account types | Maximum Leverage |
| MINI | 1:100 (Currencies: Up to 100x; XAUUSD: Up to 50x) |
| STD | 1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x) |
| VIP | 1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x) |
| PRO | 1:400 (Currencies: Up to 400x; XAUUSD: Up to 200x; Cryptocurrency: Up to 100x; CFD: Up to 100x) |
| Trader | 1:400 (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 types | Spreads |
| MINI | From 1.8 pips |
| STD | From 1.3 pips |
| VIP | From 1.1 pips |
| PRO | From 0.2 pips |
| Trader | From 0.2 pips |
Trading Platform
MT5 (MetaTrader 5) is available with FRFX. You can apply it on multiple devices, including Windows, MAC, Android, and IOS.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Windows, MAC, iOS, Android | Investors of all experience levels |
| MT4 | ❌ | ||
| Proprietary platform | ❌ |
Rating Index
FRFX Similarly Rated Brokers
Latest Reviews
FX1497620432
United Kingdom
Impressive range of markets and starting trades with just $100 is great for small-scale traders like me. Using MetaTrader 5 has made things smoother, especially on mobile
Positive
2024-06-21
rain cloud
New Zealand
Found response on online chat, extraordinary despite the issue was simple to solve. I was treated utmost respect, given some circumstances other party would think one is wasting their time in solving such small issue.
Positive
2024-05-29
WU45139
Hong Kong
They offer excellent trading conditions with ultra-low spreads and a variety of account types. The platform’s security is solid, and the support is responsive
Positive
2024-07-19