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FXE88 Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.fxe88.com..., the company's legitimate regulatory information Hong KongSFCLeveraged foreign exchange trading, Hong KongSFCDealing in securities to enhance the security of the company's address

FXE88 Forex Broker

Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
融汇亚洲
Abbreviation
FXE88
Company employee
--
Customer Service Email Address
info@fxe88.com
Company Website
--
QQ
747999287
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
Clone Firm Hong Kong
Suspicious Overrun
High potential risk

Company profile

Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. General Information FXE88 Review Summary in 7 Points Founded 2-5 years Registered Country/Region Hong Kong Regulation Clone Demo Account Available Products Precious metals spot trading Trading Platforms EBL Trader Customer Support Phone, Email, Live chat What is FXE88? FXE88 is a global financial company based in Hong Kong. It provides traders with access to precious metals spot trading. However, it is important to note that the claimed China Hongkong SFC regulation (Licenses no. ACJ776 and License no. AAP057) is verified as clone firm. Please pay attention to the risk! In the following article, we will analyze the characteristics of this financial company from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the company's characteristics at a glance. Pros & Cons Pros Cons • Rich educational resources • Negative reviews from their clients • Demo account available • Clone form • Multiple account types • Limited financial products provided • No deposit/withdrawal fees • High handling fee charged Is FXE88 Safe or Scam? When considering the safety of a financial company like FXE88 or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a financial company: Regulatory sight: It has two clone SFC (Securities and Futures Commission of Hong Kong) licenses (Licenses no. ACJ776 and License no. AAP057) which means that there is no guarantee that it is a safe platform to trade with. User feedback: A report of unable to withdraw on WikiFX should be taken into consideration as potential red flags. It is recommended to conduct thorough research and due diligence before engaging with any financial company or investment platform. Security measures: FXE88 has a comprehensive privacy policy that outlines how user data is collected, stored, and utilized. The platform adheres to relevant data protection regulations to maintain the privacy and confidentiality of user information. Ultimately, the decision of whether or not to trade with FXE88 is a personal one. You should weigh the risks and benefits carefully before making a decision. Products & Services FXE88 offers traders the opportunity to engage in Precious metals spot trading. Precious metals, including gold, silver, platinum, and palladium, have long been recognized as valuable and sought-after assets in global markets. Spot trading is a distinctive form of trading where commodities are bought and sold for immediate delivery and settlement, setting it apart from other investment vehicles that involve futures or options contracts. In conclusion, the offering of Precious metals spot trading on FXE88's platform presents traders with a unique opportunity to engage in a specialized market, potentially diversify their investments, and explore the possibilities offered by the dynamic precious metals market. However, it is important for traders to exercise prudence, conduct thorough research, and fully understand the risks associated with Precious metals spot trading before making any investment decisions on the platform. How to Open a FXE88 Account? To open a demo account with FXE88, traders can easily fill in a straightforward online form, providing basic information such as their name, email address, and phone number. The demo account allows potential clients to explore and familiarize themselves with the platform's features and functionalities without any financial risk. For those interested in opening a private account, the process involves providing more detailed information to comply with regulatory requirements. For corporate accounts, FXE88 has a minimum deposit requirement of HKD 10,000. To initiate the account opening process, corporate clients are required to submit the relevant information and documents either online or through fax and email channels. The required documents may include the company's registration certificates, legal documents, proof of address, and identification of authorized signatories. For added security, the submission of required documents can be done through mail or in person at the broker's offices. Trading Platforms FXE88 provides traders with EBL Trader as their primary trading platform. This platform is accessible on various devices, including iOS and Android smartphones, as well as through web browsers, ensuring that traders can stay connected to the markets and manage their investments conveniently from anywhere. Whether on the go or at their desks, users can access real-time market data, execute trades, analyze charts, and manage their accounts seamlessly. The platform's intuitive design and comprehensive features cater to both novice and experienced traders, empowering them to make informed decisions and stay in control of their trading activities effectively. Deposits & Withdrawals FXE88 offers traders a wide range of convenient and secure options to deposit funds into their trading accounts. Traders can choose from various methods, including online eDDA, credit card, FPS (Fast Payment System), bank transfer, cheque, or telegraphic transfer. This diverse selection of deposit methods caters to the preferences and needs of different clients, ensuring a smooth and hassle-free funding process. While for withdrawals, funds will be credited to traders designated bank account within approximately 2 working days after related request is submitted. The broker also ensures transparency and fairness by waiving any deposit or withdrawal fees, enhancing the overall appeal of their services. However, it's essential for traders to be aware of the Company's policy regarding handling fees. If 50% of the deposit amount remains unused in opening transactions, a 6% handling fee will be charged upon withdrawal. User Exposure on WikiFX On our website, you can see that a report of unable to withdraw on WikiFX. Traders are encouraged to carefully review the available information. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you. Customer Service FXE88 provides multiple customer service options to assist its clients. Customers can reach out to FXE88 through various channels to address their queries and concerns as below: Free toll: 400 120 1228 EMAIL: info@fxe88.com. Address: Rm 4405-06,44/F, Hopewell Center, 183 Queen's Road East, Wan Chai, HK. Besides of above, the company also offers an online chat service, allowing customers to easily access support and assistance with just a few clicks. Education FXE88 provides a comprehensive learning experience through its investment classroom and online tutorials. These resources cover a wide range of topics, starting from the market basics, helping beginners gain a solid understanding of how financial markets operate. Aspiring traders can delve into technical analysis, learning to interpret charts and use various indicators to make informed trading decisions. The investment classroom aims to empower individuals with the knowledge and skills necessary to navigate the complexities of the financial world confidently. Conclusion According to available information, FXE88 is a Hongkong -based financial company with clone regulatory licenses. It provides traders with precious metals spot trading. However, the clone SFC regulatory licenses and exposure about unable to withdraw still raise concerns of the reliability. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from FXE88 before making any investment decisions. Frequently Asked Questions (FAQs) Q 1: Is FXE88 regulated? A 1: No. The company only have two clone SFC (Securities and Futures Commission of Hong Kong) licenses (Licenses no. ACJ776 and License no. AAP057). Q 2: Is FXE88 a good broker for beginners? A2: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its user exposures on WikiFX. Q 3: Whats the products and services of FXE88? A 3: FXE88 provides traders with precious metals spot trading. Q 4: Does FXE88 offer demo accounts? A 4: Yes.

Rating Index

  

FXE88 Forex Broker - Comprehensive Information Guide

  

1. Broker Overview

  FXE88, officially known as 融汇亚洲, is a financial services company established in 2018. The broker is headquartered in Hong Kong, specifically at RM 4405-06, 44/F, Hopewell Center, 183 Queen's Road East, Wan Chai, HK. FXE88 operates as a private entity, providing trading services primarily to retail clients interested in foreign exchange and precious metals.

  The company has carved a niche in the trading market, focusing on precious metals spot trading, including gold and silver. Since its inception, FXE88 has aimed to offer a user-friendly trading platform and a range of financial products to its clients. However, it is essential to highlight that the broker has faced scrutiny regarding its regulatory status, with claims of operating under clone licenses from the Securities and Futures Commission (SFC) of Hong Kong.

  FXE88s business model encompasses offering retail forex trading services, allowing clients to engage in spot trading of precious metals. The broker has developed its operations to cater to the growing demand for online trading, particularly in the Asian markets.

  

2. Regulation and Compliance Information

  FXE88 claims to be regulated by the Securities and Futures Commission (SFC) of Hong Kong, with licenses numbered ACJ 776 and AAP 057. However, these licenses have been identified as clone licenses, raising significant concerns regarding the legitimacy of the broker's regulatory compliance.

  The broker's operations are based in Hong Kong, which has specific regulations governing financial services. However, FXE88 does not appear to meet the stringent requirements set forth by the SFC for operating as a legitimate broker.

  Client funds are reportedly held in segregated accounts, a standard practice aimed at protecting investor capital. However, the lack of a robust regulatory framework and the clone status of its licenses mean that there are no guarantees regarding the safety of funds. FXE88 does not participate in any investor compensation schemes, which further exacerbates the risks involved for potential traders.

  The broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, although the effectiveness of these measures is questionable given the overall regulatory concerns surrounding the firm.

  

3. Trading Products and Services

  FXE88 offers a variety of trading products focused primarily on precious metals and forex currency pairs. The broker provides access to several major currency pairs, allowing traders to engage in spot trading. The primary currency pairs offered include:

  • EUR/USD
  • GBP/USD
  • USD/JPY
  • AUD/USD

  In addition to forex trading, FXE88 specializes in Contracts for Difference (CFDs) on precious metals, including gold and silver. However, the broker does not appear to offer a wide range of CFDs on other asset classes such as indices, stocks, or cryptocurrencies, limiting the trading options for clients.

  The frequency of product updates and the introduction of new trading instruments have not been explicitly detailed in the available information. FXE88 primarily focuses on retail trading services, with no significant offerings for institutional clients or white-label solutions.

  

4. Trading Platforms and Technology

  FXE88 utilizes the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and comprehensive trading tools. The platform supports various devices, including desktop, web, and mobile applications for both iOS and Android, ensuring traders can access the markets conveniently.

  The broker provides a web-based trading platform, allowing clients to execute trades and manage their accounts without needing to download software. However, there is no indication of a proprietary trading platform developed by FXE88.

  FXE88 operates its servers primarily in China, which may affect the trading experience for clients outside this region, particularly regarding latency and execution speed. The broker supports automated trading through the MT4 platform, enabling users to implement trading algorithms and strategies.

  

5. Account Types and Trading Conditions

  FXE88 offers different account types to cater to various trading needs. The standard account conditions include:

  • Minimum Deposit: HKD 10,000 for corporate accounts
  • Spread: Variable, depending on market conditions
  • Commission: Details not explicitly provided

  The broker also offers a demo account, allowing potential clients to practice trading without financial risk. The demo account is designed for users to familiarize themselves with the platform and its features.

  Leverage ratios offered by FXE88 are not clearly defined in the available information, but traders should be aware of the potential risks associated with high leverage in forex trading. The minimum trade size and overnight fees have not been explicitly outlined, which may affect trading strategies for potential clients.

  

6. Fund Management

  FXE88 provides several deposit methods for clients to fund their trading accounts. These methods may include:

  • Bank Transfer
  • Credit Card
  • E-wallets (specific options not detailed)

  The minimum deposit requirement for opening an account is HKD 10,000 for corporate clients. The processing time for deposits is generally prompt, but specific details regarding processing times and fees are not provided.

  For withdrawals, FXE88 claims that funds will be credited to the designated bank account within approximately two working days after a withdrawal request is submitted. However, clients should be aware of potential handling fees, particularly if a significant portion of the deposit remains unused in trading.

  

7. Customer Support and Educational Resources

  FXE88 offers multiple customer support channels, including:

  • Phone: 400 120 1228
  • Email: info@fxe88.com
  • Online Chat: Available on the website

  The broker's support services are available primarily in Simplified Chinese, catering to its main client base. However, there is limited information regarding the operational hours and response times for customer inquiries.

  In terms of educational resources, FXE88 provides some materials, including an investment classroom and online tutorials. These resources cover fundamental trading concepts and technical analysis, aimed at helping beginners understand the financial markets. However, the depth and variety of educational content appear limited compared to other brokers.

  

8. Regional Coverage and Restrictions

  FXE88 primarily serves clients in Hong Kong and potentially other regions in Asia. However, the broker does not accept clients from certain countries, including the United States and other jurisdictions that may have stricter regulatory requirements.

  The broker's operations are focused on providing services within the Asian markets, and it does not appear to have a significant presence in Europe or North America. Specific restrictions and limitations on trading activities may apply based on the client's location.

  In conclusion, FXE88 is a Hong Kong-based forex broker that offers trading primarily in precious metals and forex pairs. However, potential clients should exercise caution due to the broker's clone regulatory status and the associated risks. It is essential for traders to conduct thorough research and due diligence before engaging with FXE88.

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Latest Reviews

FX1744779959

FX1744779959

Chile

The prices lost control and caused great losses to me, which accounted for 100.000 pesos. Please help.

Exposure

2021-08-19

FXE88 Forex Broker has an overall rating of 1.56, Regulatory Index 0.00, License Index 0.00, Business Index 7.39, Software Index 4.00 Risk Control Index 0.00.