Global Forex Broker Regulatory Inquiry APP


8.26 /10


15-20 years

Regulated in Australia

Market Making(MM)

MT4/5 full license

Regional Brokers

Medium potential risk

Offshore Regulatory


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License Index 8.19
Business Index 9.03
Risk Management Index 8.90
Software Index 7.37
Regulatory Index 8.16
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WikiFX Risk Alerts
Previous Detection : 2023-06-05
  • The VanuatuVFSC regulation with license number: 40256 is an offshore regulation. Please be aware of the risk!

WikiFX Verification · Benchmark
Average transaction speed(ms)
The highest transaction speed(ms)
62 Great
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
203 Good
The lowest speed of opening positions(ms)
The lowest speed of closing position(ms)
Ranking: 42 / 121
Test user 709
Transactions 29,640
Ocuppied margin $2,991,663 USD
Data Source WikiFX Data provide
Updated: 2023-06-02 01:06:00
Pyramid scheme complaint

Total Margin Trend

  • VPS Region
  • User
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  • Closing time
  • Hongkong
  • 604***
  • 06-02 05:00:01
  • Bangkok
  • 816***
  • 06-01 18:00:01
  • silicon valley
  • 230***
  • 06-02 13:15:01

Stop Out


Stop Out Symbol Distribution

6 months

Sources · Company summary Review Summary in 10 Points
Founded 2014
Headquarters Sydney, Australia
Regulation ASIC
Market Instruments ForexCrypto CFDsShare CFDsCommoditiesSpot MetalsEnergiesIndices
Demo Account Available
Leverage 500:1
EUR/USD Spread From 0.1 pips
Trading Platforms MT4, IRESS
Minimum deposit $200
Customer Support 24/5 live chat, phone, email

What is is an online brokerage firm that offers trading services for various financial instruments such as forex, cryptocurrencies, shares, commodities, spot metals, energies, and indices. The company was established in 2014 and is headquartered in Sydney, Australia. is regulated by the Australian Securities and Investments Commission (ASIC). The broker provides its clients with a range of trading platforms including MetaTrader4 (MT4) and IRESS, and offers several trading tools and educational resources. also has a 24/5 customer support team that can be reached via phone, email, and live chat.'s website

Pros & Cons has a lot of advantages, including a wide range of trading instruments, reliable trading platforms, and a variety of trading tools and educational resources. The broker also offers several account types to cater to different trading needs, and its customer support team is available 24/5 to assist clients.

However, there are some disadvantages to consider, such as high minimum deposit requirements for some account types.

Pros Cons
• Regulated by ASIC • No 24/7 customer support
• Wide range of trading instruments • Clients from the USA, Ontario Province inside Canada, North Korea, Iran and New Zealand are not accepted
• Multiple trading platforms and tools available • High minimum deposits for IRESS account types
• Comprehensive education resources
• Variety of payment methods

Please note that the above table is not exhaustive and may not include all the pros and cons of

Is Safe or Scam? is a regulated and licensed broker, authorized by Australia Securities & Investment Commission (ASIC), and as such, it is considered a legitimate broker to trade with. However, as with any investment, there are always risks involved, and traders should be aware of these risks before investing their money.

How are you protected?

Protection Method Description
Regulation ASIC
Segregated Accounts Client money is kept separate from the broker's own operating funds, which helps to protect clients' funds in the event of the broker's insolvency
SSL Encryption To protect clients' personal and financial information from unauthorized access or theft
Two-Factor Authentication As an extra layer of security for clients' accounts, which helps to prevent unauthorized access to accounts even if a client's login credentials are compromised
Negative Balance Protection Clients' accounts cannot go into negative balance, ensuring that clients will not be responsible for any losses beyond their account balance
KYC/AML Procedures To verify clients' identities and prevent money laundering or other illegal activities, which helps to ensure the integrity of the trading platform and protect clients' funds

Note that this table is not exhaustive and there may be other protections or security measures in place at

Our Conclusion on Reliability:

Based on the provided information on, the broker seems to prioritize its clients' safety and security by implementing various measures such as regulation by top-tier authorities, account segregation, negative balance protection, and SSL encryption. Overall, appears to be a reliable broker for traders.

However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Market Instruments offers a diverse range of trading instruments for their clients, covering over 10,000 instruments. These instruments include Forex, Crypto CFDs, Share CFDs, Commodities, Spot Metals, Energies, and Indices. Clients have access to a variety of popular trading pairs in the forex market, as well as a selection of cryptocurrencies and share CFDs from leading global companies.

Additionally, they offer various spot metals such as gold and silver, as well as energies like crude oil and natural gas, and indices from around the world. This variety of instruments allows clients to diversify their trading portfolio and take advantage of different market opportunities.

asset classes


Demo Account: provides a demo account that allows you to try out the financial markets without the risk of losing money.

MT4 Live Account: offers a total of 2 account types: Standard and Pro. The minimum deposit to open an account is $200 and $500 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a Standard account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

MT4 Account Types

IRESS Live Account: On the TRESS trading platform, offers three different accounts types, namely Silver, Gold, and Platinum, with minimum deposit requirements of $10,000 AUD, $50,000 AUD, and $100,000 AUD respectively. For the Silver and Gold accounts, there is a platform fee of $60 AUD, while no platform fee on the Platinum account.

IRESS Accounts

Leverage offers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

Spreads & Commissions

The spreads and commissions depend on accounts and instruments. For clients on the Standard account, they can have variable spreads from 1 pip and there is no commission, while for clients on the Pro account, they can enjoy raw spreads from 0 pips but have to pay a commission of $3.5 per lot.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission 1 pip No
Admiral Markets 0.5 pips No
Pepperstone 0.16 pips AUD 3.5/lot
Tickmill 0.0 pips USD 2/lot

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms offers a range of trading platforms to suit the needs of its clients. One of the most popular platforms is the MetaTrader4 (MT4) platform, which is available for PC, Mac, iOS, Android and WebTrader. MT4 is a user-friendly platform that comes with advanced charting tools, technical indicators, and automated trading options.


In addition to MT4, also offers IRESS ViewPoint and IRESS Mobile, which are more advanced platforms designed for professional traders. These platforms come with additional features such as advanced order types, news and research, and real-time market data.


Overall,'s trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

Broker Trading Platform MT4
Admiral Markets MT4, MT5, WebTrader
Pepperstone MT4, MT5, cTrader
Tickmill MT4, MT5, WebTrader

Trading Tools provides its clients with a wide range of trading tools to enhance their trading experience. These tools include FXT Navigator, which allows traders to view market data and analyze it through a customizable interface. Trading Central offers daily technical analysis and market insights, while the Economic Calendar provides traders with the latest economic news and announcements that can impact the financial markets. Market Sentiment offers a view on how other traders are positioned on various instruments, while API Trading and VPS are advanced tools designed for more experienced traders who use algorithmic trading strategies and need reliable and fast connectivity. Overall, these trading tools can help traders make more informed trading decisions and improve their overall performance in the financial markets.

Deposits & Withdrawals

In terms of deposit and withdrawal, like many good brokers, provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc. Deposits include PayPal, VISA, MasterCard, Neteller, UnionPay, Local Internet Banking, POLi, International Bank Wire Transfer and Local Bank Transfer.

Deposits minimum deposit vs other brokers Most other
Minimum Deposit $200 $100

The minimum deposit requirement is $200 to open an account. Most deposits are instant and no fees are charged.

By contrast, Clients can withdraw with PayPal, VISA, MasterCard, Neteller, International Bank Wire Transfer, UnionPay and Local Bank Transfer. Please note that withdrawal processing times may vary depending on the selected method and any applicable fees or restrictions may apply. Most withdrawals can be processed in 24 hours without any fees.

 Withdrawals Money Withdrawal

To withdraw funds from, you can follow these steps:

Step 1: Log in to your account on the website.

Step 2: Click on the “Withdrawal” button in the “My Account” section.

Step 3: Select the account you want to withdraw funds from and choose the withdrawal method.

Step 4: Enter the amount you wish to withdraw and follow the on-screen instructions to complete the process.

Fees does not charge any deposit and withdrawal fees, but there may be additional fees charged by banks or other intermediaries involved in the transfer of funds.

There is an inactivity fee of $10 per month after 6 consecutive months of inactivity. This fee will be charged to any account with no trading activity for more than 6 months. However, it's important to note that this fee is subject to change and may vary depending on the type of account and the jurisdiction of the client.

See the fee comparison table below:

Broker Deposit Fees Withdrawal Fees Inactivity Fees No No $10/month after 6 consecutive months of inactivity
Admiral Markets No No (except for bank transfers) No
Pepperstone No No $20/month after 12 months
Tickmill No (except for bank transfers) $2 for credit/debit cards, 1% for other methods $5/month after 6 months

Note: Fees may vary depending on account type and payment method. Please refer to each broker's website for the latest information.

Customer Service offers customer support 24/5 via email, phone, and live chat. It supports both English and Chinese. Their website also includes a FAQ section with answers to commonly asked questions. You can also follow them on some social networks including Facebook, Twitter, LinkedIn, Instagram and Twitter.

Customer Service
Customer Service
working hours
social media

Overall,'s customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Pros Cons
• Offers multilingual support 24/5 • Limited availability during weekends and public holidays
• Live chat support available on the website
• Quick response time to email inquiries
• Knowledgeable and helpful customer service representatives

Note: These pros and cons are subjective and may vary depending on the individual's experience with's customer service.

Education offers a range of educational resources to help traders improve their knowledge and skills. The Market News section provides the latest updates on market events and trends, while the FXT Analysis section offers expert analysis and commentary. The Trading Insight section contains a variety of educational materials, including trading strategies and tutorials on technical and fundamental analysis. The FXT Navigator Guide is a comprehensive guide for traders on how to use the platform's features and tools. Additionally, offers webinars hosted by industry experts, providing traders with the opportunity to learn directly from experienced professionals.


In conclusion, is a well-regulated broker offering a wide range of trading instruments, powerful trading platforms, and comprehensive trading tools and resources. The broker's low spreads, flexible leverage options, and multiple account types cater to traders of all levels. The customer support team is professional and responsive, and the educational resources are valuable for beginner and experienced traders alike. While there are some fees associated with trading, overall, provides a competitive and reliable trading environment.

Frequently Asked Questions (FAQs)

Q 1: Is regulated?
A 1: Yes. It is regulated by ASIC.
Q 2: At, are there any regional restrictions for traders?
A 2: Yes. Restricted Countries: the USA, Ontario Province inside Canada, North Korea, Iran and New Zealand.
Q 3: Does offer demo accounts?
A 3: Yes.
Q 4: Does offer the industry-standard MT4 & MT5?
A 4: Yes. It supports MT4 and IRESS.
Q 5: What is the minimum deposit for
A 5: The minimum initial deposit to open an account is $200.
Q 6: Is a good broker for beginners?
A 6: Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

News Launches New Client Management Portal Launches New Client Management Portal

2021-12-09 17:28

Traders of gain access to a newly revamped suite of trading tools.

2021-12-09 17:28
News Launches New Client Management Portal

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The customer service is also excellent, they are always available to answer any questions that I have.
2023-06-01 09:49
The customer support is amazing and they always help me out when I need it the most. The trading platform is very intuitive and easy to use, and support is very impressive.
2023-06-01 08:37
I like that they have a great customer service team who are always available to answer any questions you may have.
2023-05-31 19:01
I've never encountered such a helpful company before. I find myself recommending them to friends all the time!
2023-05-29 14:54
I'm with for over two years now, and I have never been more pleased with a broker before.
2023-05-26 14:30
I have the best trading experience and service on the market. Their expert guidance and support, you'll be able to invest confidently.
2023-05-25 19:59
I have been trading with for over a year now and can't imagine ever going to another broker. The trading costs are low, the service is impeccable, and I never have any issues with my trades. The customer service is always quick to respond and I am always pleased with the resolution of their responses. It's hard to find a company
2023-05-25 14:32
I do really admire this app, i earn a lot. This is a good investment now i secure my kids future. I highly recommend this especially for beginners. Thumbs up for great service!!!
2023-05-24 23:51
I've never encountered such a helpful company before. I find myself recommending them to friends all the time!
2023-05-24 11:36
0-3months has earned my trust through their consistent performance and commitment to their clients. I appreciate their adherence to ethical practices and their emphasis on maintaining a secure trading environment.
2023-05-24 09:39
I've never encountered such a helpful company before. I find myself recommending them to friends all the time!
2023-05-23 10:05
Andrea Pillow
I’m quite happy with what Fxtrading offers. Achieved better results with FXT pro account compared to others I was using. Same strategy, different results. I recommend traders out there to give this broker.
2023-05-19 02:20
This broker offers good spreads and execution and are quick with the deposits and withdrawals. Wide range of products to trade and the free tools are pretty cool as well.
2023-05-18 10:53
Great broker. This broker developed a top-notch trading tool called FXT Navigator. I'm absolutely loving their FXT Navigator.
2023-05-18 10:52
I wanted to withdraw $6710, but they refused. The reasons are that I have a total of $ 13710 and they do not even give my main money. Do not invest money in this company. You are not safe!!
2023-03-10 18:07
do not trust this company. they give your money for a while to ensure your trust, but they do not give your money by constantly causing trouble in the future
2023-03-10 17:54
fraud company. They didn't send my money even though I requested a withdrawal.
2023-03-10 17:51
Trader Fx
You will be tried in a Chinese court by the liars Mercury and Tony Liu. All deposited funds are legally sent and certified. You can't block my deposit, please send money now. I will never let a liar like you go. I'm in touch with everyone who's been scammed by you. I will destroy you soon. You have 48 hours to send me the money.
2023-03-09 16:45
Trader Fx
Two scammers named Tony liu and Mercury stole all the investors' money, and they haven't got the money yet. The money they don't pay is not only the investor's profit, but also their initial investment. We are preparing to file major lawsuits on behalf of these individuals in China, Europe and the United States. Recently, we heard that company executives were leaving Australia and fleeing to the island nation. We are getting the job done and working with the police, we will catch these illegal scammers in Australia and bring them to justice as quickly as possible. Stop depositing money with these scammers.
2023-03-01 16:30
Trader Fx
They are big scammer broker, they scam my 13.710 usd initial deposit. I can't withdraw my money for 2 weeks, Please do not deposit this broker. Manager is Tony Li and Fxtrading owner Mercury will be judged in the court. There are thousands of victims who have been defrauded. We are preparing to open a very comprehensive lawsuit. Everyone stay away from this scam broker and don't be fooled by their ads. ................TONY LIU AND MERCURY WILL BE JUDGED.................
2023-02-28 17:08
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