Score
fx88
https://fx88.com/
Website
Rating Index
Contact
Forex License
No forex trading license found. Please be aware of the risks.
- The declared Cyprus CYSEC license (License No. 322/17) has been confirmed as a clone firm. Please be aware of the risks and stay vigilant to avoid harm!

WikiFX Field Survey: This section presents on-site verification conducted to help confirm the authenticity of the broker's publicly available information. Based on a standardized review process, the WikiFX field survey team investigates the broker's office environment, team size, and actual business operations, helping investors better understand the broker's operating status and assess trading safety more intuitively.

WikiFX Field Survey: This section presents on-site verification conducted to help confirm the authenticity of the broker's publicly available information. Based on a standardized review process, the WikiFX field survey team investigates the broker's office environment, team size, and actual business operations, helping investors better understand the broker's operating status and assess trading safety more intuitively.
Users who viewed fx88 also viewed..
TMGM
DecodeFX
IC
STARTRADER
Verified Site 


This section presents the broker's verified website information, including official websites across different countries and regions, visitor location distribution, and related IP information. Users can use this section to identify the broker's official channels and regional websites, avoid unofficial or impersonation websites, and reduce access and trading risks.

This section presents the broker's verified website information, including official websites across different countries and regions, visitor location distribution, and related IP information. Users can use this section to identify the broker's official channels and regional websites, avoid unofficial or impersonation websites, and reduce access and trading risks.
fx88.com
104.26.1.242Server LocationUnited States
ICP Registration No.--Top Visitor Locations--Creation Date2005-02-07Website NameWHOIS.GODADDY.COMCompanyGODADDY.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?
Based on the latest data, fx88 is flagged as a clone firm with a low core score of 1.23, indicating significant safety concerns. It is not considered safe and reliable.
Is fx88 regulated?
fx88 claims regulation by the Cyprus Securities and Exchange Commission (CYSEC) under license number 322/17, but its status is listed as a 'Clone Firm', meaning it is not a legitimate regulated entity.
What is the minimum deposit of fx88?
The minimum deposit for fx88 is not publicly specified.
Does fx88 support MT4 or MT5?
It is not publicly specified whether fx88 supports MT4 or MT5.

Share your experience
Required...


Chrome
Chrome Extension
Global Forex Broker Regulation Query
Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

