FRXE Review 2024

I opened a special account for scalping with FRXE. The minimum deposit is $50, but since I was counting on exceptional conditions, I deposited much more than that. Eventually, the promised favorable conditions turned out to be a lie. I understood this immediately after I started trading, as spreads were huge. I thought that profit from fees per lot would be enough for the broker, but it received income from spreads as well. Once I made sure of the broker’s dishonest work, I decided to withdraw my money and look for another intermediary. However, FRXE hasn’t returned my $200. I sent emails and called, but there was no result. First, they promised to withdraw my money tomorrow or the next business day, and then they began ignoring my emails and phone calls.

I have already met brokers who promised mountains of gold but appeared to be scammers. And this experience helped me keep my money. I opened a demo account with FRXE out of curiosity. Both spreads and execution speed were predictably great there. However, reviews on the internet said that the broker wasn’t playing fair. I trusted real traders and not advertisements on the broker’s website. If the broker was that good, it would be licensed. Otherwise, this is a scam with offshore registration, fabricated spreads, and blocked phones. Everything is obvious to me here.

Within 5 years of trading, I met many scammers who take your deposits and disappear. Thereby, I check a broker where I plan to open an account very carefully. I read reviews and study ratings on different resources. It took me only 15 minutes to understand that FRXE was another scam. If you provide client service with your phone number and they start to call you immediately, that is a bad omen. Decent brokers have refused obtrusive marketing tricks and never call first if you don’t ask them. Reviews of traders who lost their deposits confirmed my concerns. The task of FRXE is to lure your money.

FRXE stole my $700! I will never trade with an unregulated broker again. My experience with FRXE taught me not to trust offshore companies with nice promises and polite managers. First, I deposited $200, but the platform was freezing constantly and trades were canceled or executed not at the best price. I decided to stop and withdraw my money. FRXE manager called me immediately and said that problems with MT5 were caused by unscheduled technical work. He promised that they would return the money lost with trades that were unprofitable due to their fault. I trusted them and deposited another $500, but the platform didn’t work any better. Friends, FRXE is another scam, not a broker!

Many licensed brokers have quite strict deposit requirements, that’s why I was looking for a more affordable option. On Instagram, I saw frxe’s advertisement, and its conditions interested me. I started on a demo account, then switched to Cent. I don’t scalp, therefore I switched to the Pro account after training. There were no other options. Trading was profitable, but not as I wanted, as fees were high. I decided to close my account. I submitted a withdrawal request, but it’s been 6 months now that I’m waiting for my money. Nobody gets in touch and I can’t file a complaint to the regulator, as frxe isn’t licensed. It’s another Forex scam, don’t trust it!

I was looking for a new broker when I saw the FRXE website. I was interested in the Pro account conditions, but I decided to test the broker’s platform and execution speed on the Cent account. I can’t say that everything was bad, but not all conditions suited me. Spreads widened even in a calm market, and there were constant failures on the platform. I switched from a mobile MT5 to a desktop version, but nothing changed. I started looking for information about this broker and found a lot of negative reviews about its failure to return deposited money. I am glad I decided to start with the Cent account. I lost only $20, but other traders lost $500 and more.

FRXE is neither licensed, nor regulated. Its website provides minimum information with no analytics, training, or any useful tools. This immediately raised questions about the broker’s activity. I know from my own experience that any spreads can be shown on the website, and then their widening can be explained by high market volatility. One more bad sign is obtrusive client service. Immediately upon registration three managers called me within one day and persuaded me to deposit a big amount. However, they didn’t answer my questions about trading conditions and partnership programs, as they were interested only in my money, but not my profitable trading.