Flag FX is a platform that offers forex trading, with its domain established on February 20, 2018. However, the platform has not disclosed specific corporate registration information or provided any regulatory details. The official website of Flag FX is: https://www.flagfx.com/
Corporate Background of Flag FX:
The domain of the Flag FX platform was established on February 20, 2018, but the corporate registration information of Flag FX is unknown.
Regulatory Information of Flag FX:
Flag FX has not provided any regulatory information. Although Flag FX claims that its address is in Cyprus, we could not find any related information about this platform on the Cyprus CySEC website.
Account Registration Process for Flag FX:
- Visit the Flag FX official website and click the register button
- Fill out the application form
- Submit identity verification/My Number verification documents
- Deposit funds and start trading
Account Types of Flag FX:
Standard Account:
- Spread: 1.0
- Initial Deposit: $100
- Max Leverage: 1:500
- Commission: None
True ECN Account:
- Spread: 0.0
- Initial Deposit: $100
- Max Leverage: 1:500
- Commission: $7 per lot
Islamic/Swap-Free Account:
- Spread: 1.0
- Initial Deposit: $100
- Max Leverage: 1:500
- Commission: None
Trading Software of Flag FX:
Flag FX offers MetaTrader 5 (MT5). MetaTrader 5 (MT5) is a highly popular trading system known for its robust features and flexibility, catering to the diverse needs and preferences of various investors. The MetaTrader platform provides a wide range of analytical tools, charts, and automated trading functionalities, allowing traders to effectively execute various trading strategies.
Trading Products of Flag FX:
Flag FX offers a variety of financial trading products, mainly including forex trading.
Major Currency Pairs: such as EUR/USD, GBP/USD, USD/JPY, which are the most actively traded currency pairs in the global forex market.
Minor Currency Pairs: including EUR/GBP, GBP/JPY, etc., which have relatively smaller trading volumes but still offer good trading opportunities.
Exotic Currency Pairs: including USD/SGD, USD/HKD, etc., which have less trading volume but may offer greater profit opportunities due to higher volatility.
By offering a diverse range of forex trading products, Flag FX aims to meet the needs of different investors and help them capture trading opportunities in the global forex market. The platform supports high leverage and low spread trading, further enhancing the flexibility and potential profitability of trading.
What are the Spreads, Leverage, and Commissions of Flag FX?
Flag FX offers three main account types, each with different spreads, leverage, and commissions: The Standard Account has a spread of 1.0, an initial deposit of $100, a maximum leverage of 1:500, and no commission; the True ECN Account has a spread of 0.0, an initial deposit of $100, a maximum leverage of 1:500, and a commission of $7 per lot; the Islamic/Swap-Free Account has a spread of 1.0, an initial deposit of $100, a maximum leverage of 1:500, and no commission. Overall, the account types of Flag FX are consistent in terms of initial deposit and maximum leverage, but differ in spreads and commissions to meet the needs and preferences of different traders.
What are the Deposit and Withdrawal Methods of Flag FX?
Flag FX offers various deposit and withdrawal methods, including MasterCard, bank transfer, Bitcoin, and American Express. These options provide flexibility for traders to choose the appropriate payment method according to their personal needs.
Customer Support of Flag FX:
Email: info@flagfx.com
Phone: +382 634 09 611
Conclusion:
Although Flag FX offers various types of trading accounts and flexible deposit and withdrawal methods, investors should exercise a high degree of caution due to the lack of transparent corporate registration information and regulatory qualifications. Flag FX is listed as "Suspected Fraud" on TraderKnows.
