FluxSail is a forex broker established in 2023, with its headquarters located in Australia. The company offers trading services in financial products such as forex, indices, precious metals, energy, and cryptocurrencies. However, due to policy reasons, FluxSail does not provide services to North Korea, Israel, China, Vanuatu, and Cuba.
Company Background:
FluxSail is a brokerage firm registered in Australia, but specific details about its corporate entity and registered address remain unclear. The official website domain of FluxSail was registered on December 29, 2023. As of the time of writing, the company has been established for less than two months.
Despite FluxSail’s claim on its official website of being regulated by the Australian Securities and Investments Commission (ASIC) and holding an ASIC regulatory license 488828, a search in ASIC's records shows that FluxSail does not appear in its regulatory records, so it is currently not regulated by any regulatory body.
It is noteworthy that the websites of FluxSail, RIVER, and STAR FUNDS MANAGEMENT PTY LTD are almost identical, apart from the names. Information such as regulatory licenses and office addresses are almost the same, which raises suspicions about the relationship between these entities. Is there some connection or common ownership among them?
There are still many unknown factors in the corporate background of FluxSail, which brings uncertainty and risk to investors. Before engaging in any transaction, investors should exercise caution and take necessary measures to protect their interests.
How to Open an Account?
To open an account with FluxSail, users can visit its official website and click the “Register” button to start the registration process. The registration page requires users to fill in personal information, including name and personal email, and to set up a login password. After completing registration, FluxSail will send a verification code via email, and after submission, users can log into the trading platform to perform deposit and withdrawal operations.
The registration and login page of FluxSail is no longer accessible, preventing new users from registering or logging in.
Account Types:
The official website of FluxSail does not mention information related to trading accounts. According to the FAQ page on its website, the broker claims to offer floating spreads, trading leverage from 1:100 to 1:500, but details concerning minimum deposit, trading commission, margin call level, stop-out level, minimum trade volume, etc., are not clearly disclosed.
Trading Software:
FluxSail provides a proprietary mobile trading platform named ST5, which supports download for mobile devices only. The platform supports both real and demo accounts, allowing users to choose between virtual trading or live trading according to their needs. Without any corporate entity backing the ST5 trading platform, there may be certain trading risks involved.
Website Design:
The website design of FluxSail is highly similar to those of RIVER, Star Funds Management Pty Ltd, BCC Markets Limited, SV Markets, ABHKFX, DEOASIS PTY LIMITED, and others, likely using the same or similar website templates. Therefore, investors still need to conduct adequate due diligence and research when choosing a trading platform to ensure it meets their needs and expectations, while also being aware of potential risks.
Customer Support:
FluxSail's customer support channels are relatively limited, with users able to contact the support team via email. Users can send emails to support@fluxsail.com to contact the company's support team. In the email, users can raise questions, inquire about relevant matters, or report any technical issues.
Partners:
FluxSail claims to collaborate with Goldman Sachs to provide automated investment analysis and research tools, helping investors make the best decisions. However, this claim has not been verified by relevant institutions and may be suspected of false advertising.
Conclusion:
FluxSail is a newly established forex broker in Australia. This broker provides a proprietary trading platform but has limited contact options. Its website design highly resembles those of ABHKFX, DEOASIS LIMITED, VLC Trade LLC, and OBV Trade MT5. Investors should steer clear of this platform to avoid unnecessary financial losses.
Currently, FluxSail is marked as "suspected fraud" on Traderknows.
