Is FxFWay Scam or Legit Broker?

FxFWay is a 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade FxFWay.

  • We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

About FxFWay
🗺️ Registered inVanuatu
🗺️ Type of LicenseOffshore License
🛡️ Is FxFWay safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is FxFWay?

FxFWay is a Forex broker with the offices in UK, Hong Kong, and Vanuatu. The company's website provides info about its regulation - in 2017 the firm was granted authorization by the US NFA and received its Vanuatu license.

But after some research, it turned out that FxFWay is not authorized by the National Futures Association in the US and also was blacklisted by the Financial Conduct Authority in the UK (FCA).

  • Even tho the firm may have an offshore regulation, it doesn't give a right to offer financial services in UK, US nor in Hong Kong, or other countries.

FxFWay Review Conclusion

It is always better and safer to trade with a reliable broker licensed by Australia’s ASIC (Read the ASIC Regulated Global Prime Broker Review), Cyprus’ CySEC or UK’s FCA. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital for the STP license aside from client deposits. Check the list of FCA-regulated brokers here.

FxFWay Update

We found that the FxFWay website is inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert in case any proposals show up.

No news available.

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