FRX Forex Broker

FRXReview SummaryFounded2019-10-19Registered Country/RegionUnited KingdomRegulationSuspicious CloneMarket InstrumentsForex/Commodities/Metals/CDFs/Cryptocurrencies/IndicesDemo Account✅LeverageUp to 1:500SpreadFrom 0.8 pipsTrading PlatformMT5(Mobile(Android/iOS)/Desktop/Mac)Min Deposit$100Customer SupportEmail: support@frxmarkets.comLive supportYouTube/Facebook/Instagram/TwitterFRX Information FRX is a brokerthat provides 1500+ tradable instruments including forex, commodities, metals, CDFs, cryptocurrencies, and indices. The broker also provides three real accounts with a maximum leverage of 1:500. The minimum spread is from 0.8 pips and the minimum deposit is $100. FRX is still risky due to its suspicious clone status.Pros and ConsPros Cons Leverage up to 1:500Suspicious Clone24/5 multi-lingual supportNegative comments about money disappearMT5 availableSpread from 0.8 pipsDemo account availableVarious tradable instrumentsIs FRX Legit? FCA regulates FRX with license number 631382, while the current status is 'suspicious clone'.What Can I Trade on FRX? FRX offers a wide range of market instruments, including forex, commodities, metals, CDFs, cryptocurrencies, and indices.Tradable Instruments Supported Forex✔Commodities✔Metals✔CDFs✔Cryptocurrencies✔Indices✔Stocks❌Shares❌ETFs❌Bonds❌Mutual Funds❌Account Type FRX has three account types: standard, VIP, and ECN. Traders who want low spreads and low leverage can choose an ECN account, while those with a small budget can open a standard account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.Account Type StandardVIPECNMinimum FundingUSD 100USD 1000USD 10000LeverageUp to1:500Up to 1:500Up to 1:200Order volumeFrom 0.01 with step 0.01From 0.01 with step 0.01From 0.01 with step 0.01SpreadsFrom 1.8 pipsFrom 1.4 pipsFrom 0.8 pipsCommissionNoNoNoStop Out level20%20%20%FRX Fees The spread is 0.8 pips, and the commission is 0. The lower the spread, the faster the liquidity.Leverage The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.Trading Platform FRX cooperates with the authoritative MT5 trading platform available in Mobile(Android/iOS), Desktop, and Mac to trade. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.Trading PlatformSupported Available Devices Suitable for MT5✔Mobile(Android/iOS)/Desktop/MacExperienced tradersDeposit and Withdrawal The minimum deposit is $100. FRX accepts Visa, MasterCard, Tether, Bitcoin, and Bank Wire for deposit and withdrawal, whose deposit speed is instant and withdrawal speed is up to 3 to 7 days.Funding MethodsMinimum DepositDeposit SpeedWithdrawal SpeedVisa100 USDInstant3-7 DaysMasterCard100 USDInstant3-7 DaysTether100 USDInstantInstantBank Wire5000 USDInstantInstantBitcoin100 USDInstantInstant