FRXE is an Unlicensed Forex and CFD broker that is offering trading on Forex and Crypto currency on Metatrader5. FRXE is owned and operaated by FRXE TRADING LIMITED registered in the Marshall Islands and regulated in accordance with Marshall Islands Business Corporation Act Business license no. 87985. There is no address or contact number. Traders can reach support through [email protected]
When the Scam Expert Advisor reviews a new Forex or CFD broker, the best way to know if they are a legitimate broker is by checking for a valid license and the quality of the license. Many legal Forex brokers, are licensed by a local regulator like ASIC in Australia, FCA in the United Kingdom or by FSB South Africa.
FRXE is not a licensed broker. The company registration number on their website does not make it legitimate.
Blacklisted Broker – FRXE – Beware!