Is FOREX EXCHANGE safe and legit? Full review
FOREX EXCHANGE is a Japan-based broker established in 2007 and regulated by the country's Financial Services Agency (FSA), giving it a Level 1 safety standing. It operates on the MT4 platform with a full MT4/5 license qualification, and its customer service covers four languages across one service region, reachable by phone and email, though responses may take some time. Its influence is rated D, concentrated mainly in Japan, with an average influence index of 4.21. Among its noted strengths are its FSA regulation, its fully licensed MT4/5 trading platform, and its long operating history, while the disclosed drawbacks include multiple disclosures, the absence of biometric login such as fingerprint or Face ID, and the expectation of slow customer support responses.
Regulatory Compliance and Security
FOREX EXCHANGE is regulated by Japan's Financial Services Agency, a supervision that is fully in force. Its safety level stands at Level 1, with the regulator listed as regulated and no adverse state recorded.
Trading software
FOREX EXCHANGE uses the MT4 trading platform, which is highly customizable, available in multiple languages, and offers clear expense reports along with a good search function. It holds a full MT4/5 license qualification. The platform's review rating is noted as perfect, though it lacks two-step login and biometric authentication.
MT4/5 Server Distribution:
- ForexExchangeCoLtd-Live1 (United Kingdom)
- ForexExchangeCoLtd-Live1 (Japan)
- ForexExchangeCoLtd-Demo1 (Japan)
Customer Service
Customer support is available in four languages and covers one service region. Users can reach the team by phone or email for answers to most inquiries, though response times may be lengthy.
Influence
The influence of FOREX EXCHANGE is mainly distributed in Japan, with an average influence index of 4.21 and an overall rating of D.