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MoreFx way

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://morefxway.com/

Website

Rating Index

Contact

support@morefxway.com
https://morefxway.com/
71 Cherry Court SOUTHAMPTON SO53 5PD UK

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic information

Registered region
United Kingdom
Operating period
2-5 years
Company Name
MoreFx way
Abbreviation
MoreFx way
Company employee
--
Customer Service Email Address
support@morefxway.com
Company website
Company address
71 Cherry Court SOUTHAMPTON SO53 5PD UK
Keywords 4
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Website
Company Summary
Review

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Official website

Website

  • morefxway.com

    Server Location

    United States

    Website Domain Name

    morefxway.com

    Server IP

    68.65.122.235

Company Summary

MoreFX way Review Summary
Founded/
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsCryptos, indices, Forex, Energies, and shares
Demo Account
LeverageUp to 1:5000
SpreadFrom 0.1 pips
Trading PlatformNone
Min Deposit$500
Customer SupportEmail: support@morefxway.com
Address: 71 Cherry Court SOUTHAMPTON SO53 5PD UK

MoreFX 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.

MoreFX way's homepage

Pros & Cons

ProsCons
Various trading instrumentsNo legit forex license
Multiple account typesInaccessible website
No functional trading platform
Extremely high minimum deposit
Limited payment options
Only email support

Is MoreFX way Legit?

No. MoreFX way currently has no valid regulations. Please be aware of the risk!

No license

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 Deposit
Starter$500
Silver$1 000
Gold$2 500
Platinum$15 000
Account comparison

Leverage

The leverage is capped at 1:5000.

Trading InstrumentMaximum Leverage
Gold, Japan1:5000
EUR/USD1:1000
Bitcoin, Ethereum, Litecoin, Ripple, EOS, S&P 500, Crude oil1:100
Leverage

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/Beginners
MT5/Experienced traders
cTrader//
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.

Deposit & Withdrawal

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk
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