MoreFx way Forex Broker

MoreFX way Review Summary Founded/Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsCryptos, indices, Forex, Energies, and sharesDemo Account❌LeverageUp to 1:5000SpreadFrom 0.1 pipsTrading PlatformNoneMin Deposit$500Customer SupportEmail: support@morefxway.comAddress: 71 Cherry Court SOUTHAMPTON SO53 5PD UKMoreFX way Information MoreFX way is a multi-asset broker registered in the UK, offering trading on cryptos, indices, Forex, Energies, and shares with leverage up to 1:5000 and spread from 0.1 pips. However, there is no available trading platform, and the minimum deposit requirement is as high as $500. More worse, it currently has no valid regulatory licenses.Pros & ConsProsConsVarious trading instrumentsNo legit forex licenseMultiple account typesInaccessible websiteNo functional trading platformExtremely high minimum depositLimited payment optionsOnly email supportIs MoreFX way Legit? No. MoreFX way currently has no valid regulations. Please be aware of the risk!What Can I Trade on MoreFX way? Overall, the tradable asset classes are abundant, including forex, energies, indices, shares, and cryptos. But except for enrgies, other commodities do not seem to be available.Tradable Instruments Supported Forex✔Energies✔Indices✔Shares✔Cryptos✔Commodities❌Bonds❌Options❌ETFs❌Account Type There are four account types: Starter, Silver, Gold and Platinum accounts. The minimum deposit requirement is extremely high, up to $500, while most other brokers only requires $100, or even no minimum threhold.Account TypeMinimum DepositStarter$500Silver$1 000Gold$2 500Platinum$15 000Leverage The leverage is capped at 1:5000.Trading InstrumentMaximum LeverageGold, Japan1:5000EUR/USD1:1000Bitcoin, Ethereum, Litecoin, Ripple, EOS, S&P 500, Crude oil1:100 It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Trading Platform MoreFX way claims to offer the leading MT4 platform, but in reality, there is not any trading platforms available.Trading PlatformSupported Available Devices Suitable for MT4❌/BeginnersMT5❌/Experienced traderscTrader❌//TradingView❌//Webtrader❌//Mobile App❌//Deposit & Withdrawal MoreFX way only suppports deposits and withdrawals via Bitcoin & Ethereum. Other popular methods like bank transfers, credit/debit cards, Skrill, and Neteller are not supported.