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FRXE

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Operating status: SCAM

Website: https://frxe.com/

Broker violations and abnormal records
  • 2023-07-25 BrokersView has Reviewed that FRXE is an Unregulated Broker

    There is no any regulatory information on its website. The truth is that FRXE is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    There is no any regulatory information on its website. The truth is that FRXE is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A

Is FRXE a ECN trader?

Collins Echefu
Cambodia
2023-08-07
ANSWER FRXE is an unlicensed broker. As such, we advise against trading with this fraudulent platform.FRXE fails to disclose any regulatory information and licensing data, a significant scam indicator. Typically, legitimate brokers prominently display such information to instill trust and transparency, whereas the lack of information thereof suggests the possibility that it is an unlicensed broker.In essence, due to its unlicensed status, FRXE is not a safe choice for investment. We recommend choosing a regulated broker to mitigate risks including financial losses and identity theft, as if any violation happens, the regulator will take actions against the broker under their supervision to help safeguard investors' interests. Therefore, we strongly suggest investors avoid unlicensed brokers like FRXE.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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