Score
Foraxi
Saint Kitts and Nevis|2-5 years| https://foraxi.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Kitts and Nevis
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed Foraxi also viewed..
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Website
foraxi.com
Server Location
United States
Website Domain Name
foraxi.com
Server IP
68.178.226.30
-
foraxi.io
Server Location
United States
Website Domain Name
foraxi.io
Server IP
198.187.29.26
Company Summary
| Foraxi Review Summary | |
| Founded | 2017 |
| Registered Country/Region | Saint Kitts and Nevis |
| Regulation | No Regulation |
| Market Instruments | Forex, CFD, and Crypto |
| Demo Account | ❌ |
| Leverage | Up to 1:100 |
| Spread | From 0.5 pips on all majors |
| Trading Platforms | WebTrader and Mobile Trader |
| Minimum Deposit | $100 |
| Customer Support | Phone: +447383441692 |
| Email: support@foraxi.com | |
| Address: Room 409, Beverley Commercial Centre, Tsim Sha Tsuikowloon - 999077 Hong Kong | |
Registered in 2007, Foraxi is an unregulated brokerage firm based in Saint Kitts and Nevis. It provides Forex, CFD, and Crypto via WebTrader and Mobile Trader.
Pros and Cons
| Pros | Cons |
| Diverse account types | No regulation |
| Multiple customer support channels | No demo accounts |
| Low min deposit | |
| Web and mobile platforms |
Is Foraxi Legit?
At present, Foraxi lacks valid regulation. Its domain was registered on Dec 12, 2017, and the current status is “clientDeleteProhibited, clientRenewProhibited, clientTransferProhibited, clientUpdateProhibited”. Please pay high attention to the safety of your funds if you choose this broker.
What Can I Trade on Foraxi?
On Foraxi, you can trade with Forex, CFD, and Crypto.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptocurrencies | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Foraxi provides MICRO, STANDARD, ECN, and CPT accounts.
Leverage
The maximum leverage is 1:100, not very high.
Trading Platform
Foraxi offers WebTrader and Mobile Trader.
Deposit and Withdrawal
Foraxi supports payment methods through Bitcoin, Tether, USD Coin, Ethereum, VISA, WebMoney, and Yandex Money.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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