FX Corp is a forex CFD broker registered in 2023, primarily offering investors forex, indices, commodities, and other financial product trading services. FX Corp is currently unregulated by any financial regulatory authority, and its services are mainly provided through its proprietary trading platform FX6. Investors should remain cautious with this broker.
Company Background:
FX Corp is a forex broker newly registered in Samoa, not disclosing any company entity, registered address, or detailed address information. Investors should note that Samoa primarily offers offshore company registration services, which is a significant part of its economy. As an offshore company, the services provided by FX Corp are almost unrestricted and unbounded by the country's laws. Additionally, FX Corp's official domain was registered on May 4, 2023, making its establishment relatively short, not even a year old.
Regulatory Status:
FX Corp is a trading platform without effective regulation, not regulated by any financial regulatory body. The broker’s official website does not provide any company registration or regulatory information, and no regulatory records of FX Corp can be found with major financial regulatory authorities. Investors should remain vigilant about this platform to avoid potential financial losses.
FX Corp's Account Opening Process:
- Visit the official FX Corp website and click on the "Open Account" or "Register" button.
- Fill in the registration form with personal information, including full name, email address, and phone number.
- Upload copies of identity proof documents, such as a passport or national identity card, and proof of address, such as utility bills or bank statements.
- After submitting all necessary details and documents, wait for the application review, which may take a few hours to several days.
- Log in with the approved FX Corp account, navigate to the "Deposit" section, select the preferred deposit method, and follow the on-screen instructions to complete the funding. Note that the minimum deposit amount may vary by account type.
Trading Products:
FX Corp offers traders a variety of trading products, mainly including: forex, indices, commodities, etc.
Although FX Corp offers a wide range of trading products, extending the possibilities for trading, investors must recognize that all trading involves potential risks. Before participating in trading, investors should thoroughly understand the market and make decisions cautiously.
Trading Software:
FX Corp delivers forex and related services through a proprietary trading platform named "FX6," without supporting the widely used MT4 or MT5 trading platforms. Given the proprietary trading platform provided by the broker, there may be security vulnerabilities, technical difficulties, and challenges in withdrawing funds.
FX Corp's Customer Support:
FX Corp only supports customer service via email. Users can send emails to support@corpfxltd.com to further connect with the broker.
Conclusion:
FX Corp is an unregulated forex broker that uses a proprietary trading platform to provide services to investors, potentially carrying latent security and trading risks. Due to FX Corp's lack of transparency and regulation, investors should remain highly cautious when choosing to use this platform and fully understand the associated risks.
Currently, FX Corp is marked as "Suspected Scam" on TraderKnows.
