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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

fx88

Cyprus Cyprus | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | Clone Firm Cyprus | High Potential Risk

https://fx88.com/

Website

Rating Index

Contact

https://fx88.com/

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Company Profile 5
5-10 years
Questionable Regulatory License
Suspicious Operational Region
Clone Firm Cyprus
High Potential Risk
Warning: Low score, please stay away!
  • 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!
4

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
FX88.com
Abbreviation
fx88
Employees
--
Company Website
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • fx88.com
    104.26.1.242
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    2005-02-07
    Website Name
    WHOIS.GODADDY.COM
    Company
    GODADDY.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 to trade with?

FX88.com exhibits a highly concerning risk profile based on a proprietary assessment score of 1.58 out of 10. The core issue is its lack of credible regulation; the broker operates using a cloned Cyprus Securities and Exchange Commission (CySEC) license belonging to another firm, placing it entirely outside mainstream financial oversight. Without valid regulation, standard investor protections like segregated client funds, compensation schemes, and external dispute resolution are absent.

04-02
United States

What is the regulatory status of fx88?

FX88.com's regulatory status is categorized as that of a 'Clone Firm'. It claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 322/17. However, this license is not genuinely held by FX88.com; it is the legitimate license of a separate entity, GO MARKETS LTD. Therefore, the broker operates without any verified, independent authorization from a recognized financial regulator.

04-02
United States

What is the full company name of fx88?

The broker operates under the full name FX88.com. It is registered in Cyprus and has been operational for an estimated 5 to 10 years. Specific operational and financial terms, such as minimum deposit requirements, account types, leverage, and funding methods, are not currently publicly disclosed on its primary channels, contributing to the overall lack of transparency surrounding its services.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

¿Cómo se calcula la puntuación de WikiFX?

La puntuación de WikiFX se calcula mediante un modelo multidimensional que incluye el índice regulatorio, el índice de licencias regulatorias, el índice de capacidad operativa, el índice de control de riesgos y el índice tecnológico de la plataforma. La escala oscila entre 0 y 10 puntos. Además, la puntuación se actualiza dinámicamente en función de cambios regulatorios, tratamiento de reclamaciones y rendimiento histórico.

Three days ago

Apakah dana masih dapat dipulihkan setelah terjadi penipuan investasi?

Pemulihan dana setelah terjadi penipuan investasi dapat menjadi proses yang sulit, namun tindakan cepat dapat membantu mengurangi potensi kerugian. Disarankan untuk menyimpan catatan transaksi dan komunikasi, menghubungi pihak bank untuk mencoba menghentikan atau membekukan pembayaran, serta melaporkan kejadian kepada otoritas setempat. Investor juga dapat menggunakan kanal pengaduan di WikiFX untuk meningkatkan visibilitas kasus.

Three days ago

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

¿Cómo identificar si un bróker presenta un perfil de riesgo elevado?

Un bróker puede evaluarse como de mayor riesgo considerando factores como la situación regulatoria, las reclamaciones de usuarios, la seguridad de los fondos y la coherencia de la información pública disponible. En general, los brókers sin regulación válida, con problemas frecuentes de retirada o con un elevado número de reclamaciones suelen presentar mayores niveles de riesgo. En WikiFX pueden consultarse el estado regulatorio, la puntuación integral, los registros de exposición y las opiniones de usuarios como referencia adicional.

Three days ago
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
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