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/10

fx88

Cyprus Cyprus | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | Clone Firm Cyprus | High Potential Risk

https://fx88.com/

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Rating Index

Regulation 2.69 Tech 4.33 Reputation 2.92 Business 7.14 Risk Control 0.00
1.23

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https://fx88.com/
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Official Website

Verified Site
模块说明(前端未翻译)

  • fx88.com
    104.26.1.242
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    2005-02-07
    Website Name
    WHOIS.GODADDY.COM
    Company
    GODADDY.COM, LLC

Company Profile

Company Profile

Review summary

General Information & Regulation

FX88 is an Cyprus-based broker, with its actual office address, the company behind it unknown to all. There is zero evidence that this broker is under any regulatory agency. FX88 advertises that it offers forex currency pairs, various CFDs through MT4 trading platform.

Markets Instruments

Fx88 offers trading in 45 currency pairs, as well as CFDs on commodities, precious metals and indices on MetaTrader 4 platform.

Minimum Deposit

The minimum amount one has to deposit in order to open an account with this broker is $100, which is not much, yet many Cyprus-based companies require even less.

Leverage

FX88 offers leverage up to 1:500, which is considered high. Since leverage can amplify gains as well as losses, trading with such an unregulated broker using high leverage is not a good option.

Spreads & Commissions

FX88s spread on Standard commission-free accounts are average, typical ones amounting to 1.3 pips on EUR/USD. Its ECN spreads are a lot better, averaged 0.1 pips for thos pair, but also involve a commission of $7 per standard.

Trading Platform Available

FX88 offers its clients the industrys standard MetaTrader 4 (MT4), which is available as downloadable desktop, web & mobile versions. The MT4 is preferred by most traders, because it is user-friendly and yet reliable and equipped with professional trading tools. It supports automated strategies, offers extensive back-testing environment and a number if build-in technical analysis tools, as well as advanced charting package.

Deposit& Withdrawal

FX88 offers its clients bank wire transfer, credit/debit cards and and popular e-wallets such as Skrill, neteller and Dotpay as payment methods.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • Clone Firm Cyprus
  • High Potential Risk

Wiki Q&A

Is fx88 safe and reliable?

According to the latest data, fx88 has a very low overall score of 1.23 and is flagged as a clone firm. The broker's regulatory status is questionable, and it is not considered safe or reliable. Investors are advised to exercise extreme caution.

In a week
United States

Is fx88 regulated?

fx88 claims to be regulated by the Cyprus Securities and Exchange Commission (CYSEC) under license number 322/17, but it is identified as a clone firm. Therefore, its regulatory status is not valid, and it is not a properly regulated broker.

In a week
United States

What is the minimum deposit of fx88?

The minimum deposit for fx88 is not currently publicly specified in the latest broker data.

In a week
United States

Does fx88 support MT4 or MT5?

The latest broker data does not disclose whether fx88 supports MT4 or MT5. Please check the official website for platform information.

In a week
United States
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