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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/

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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

¿Qué es un sitio web clonado de un bróker?

Un sitio web clonado de un bróker es una página fraudulenta que imita la información de una empresa legítima para inducir a los inversores a realizar depósitos. Estas páginas suelen copiar el nombre de la marca, el diseño del sitio e incluso la información regulatoria. Sus características comunes incluyen dominios similares al sitio oficial, información de contacto difícil de verificar y promesas de rentabilidad inusualmente altas. Una vez transferidos los fondos, normalmente resulta difícil recuperarlos. Se recomienda verificar el dominio oficial, la información regulatoria y utilizar WikiFX como herramienta de verificación adicional.

Three days ago

Apa arti broker memiliki beberapa lisensi regulasi?

Broker yang memiliki beberapa lisensi regulasi biasanya beroperasi di berbagai yurisdiksi dan harus mematuhi persyaratan dari beberapa regulator, yang dapat menunjukkan tingkat kredibilitas operasional yang lebih tinggi. Namun demikian, kekuatan pengawasan setiap lisensi dapat berbeda, terutama lisensi offshore. Disarankan memeriksa lisensi dari regulator utama seperti FCA atau ASIC melalui WikiFX.

Three days ago

¿Es posible recuperar fondos tras un fraude de inversión?

La recuperación de fondos tras un fraude de inversión puede resultar difícil, pero tomar medidas oportunas puede ayudar a recuperar parte de las pérdidas. Se recomienda conservar registros de transacciones y comunicaciones relevantes, contactar con el banco para intentar detener o congelar los pagos y presentar una denuncia ante las autoridades competentes. Además, los inversores pueden utilizar los canales de reclamación pública de WikiFX para aumentar la visibilidad del problema.

Three days ago

¿Qué aspectos deben considerarse al elegir un bróker seguro?

Al elegir un bróker seguro, los inversores deben centrarse en factores como la situación regulatoria, la seguridad de los fondos y la transparencia de las condiciones de trading. Generalmente se recomienda priorizar plataformas reguladas por organismos reconocidos como la FCA, la SEC o la ASIC. También es importante verificar si los fondos se mantienen en cuentas segregadas, si la estructura de comisiones es transparente y si existen incidencias relacionadas con retiradas o reclamaciones relevantes. La puntuación de WikiFX y los comentarios de usuarios pueden servir como referencia adicional.

Three days ago

Apa saja regulator forex yang paling umum dikenal?

Regulator forex yang umum dikenal antara lain Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), Cyprus Securities and Exchange Commission (CySEC), dan Monetary Authority of Singapore (MAS). Regulator-regulator tersebut biasanya memiliki standar pengawasan yang tinggi.

Three days ago
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