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Foraxi

Item: Foraxi
Rating: 1.36

Saint Kitts and Nevis|2-5 years|

Suspicious Scope of Business|High potential risk|

https://foraxi.com/

Website

Open Account Time Machine

Rating Index

Contact

+971 569408947

support@foraxi.com

https://foraxi.com/

Charlestown, Nevis P.O. Box 590, Springates East, Government Road, Charlestown, Nevis

Licenses

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

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

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Warning: Low score, please stay away!

Previous Detection : 2024-12-04

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Foraxi · WikiFX Survey

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Foraxi · 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	❌