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No Regulation
Score
1.22 /10
Danger
Free Forex
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
D
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index4.76
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2025-05-03
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Platform Capital Ratio
--% 
-- --
100%--% 100%
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
| Free Forex Review Summary | |
| Founded | 2007 |
| Registered Country/Region | Anguilla |
| Regulation | No Regulation |
| Market Instruments | Forex |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| EUR/USD Spread | From 1.2 pips |
| Trading Platforms | Web, mobile app |
| Minimum Deposit | $0 |
| Customer Support | Live chat (24/5 support) |
| Phone: +52 3385261081, +381 14500319 | |
| Email: sales@freefx.com, support@freefx.com, helpdesk@freefx.com | |
| Twitter, Facebook | |
| Address: No. 9 Cassius Webster Building, Grace, Complex, PO Box 1330, The Valley, AI-2640 Anguilla | |
| Kosmajska 6, Valjevo, 14000 Serbia | |
Founded in 2007 and registered in Anguilla, Free Forex is an unregulated comany offering forex trading. It claims to offer a $0 minimum deposit and high leverage of up to 1:1000. Trading is available via web and a mobile app, but popular platforms like MT4 and MT5 are unsupported.
Pros and Cons
| Pros | Cons |
| Demo accountS available | No regulation |
| Multiple customer support channels | Limited info on accounts |
| No minimum deposit | Limited info on trading fees |
| Lack of info on trading platforms | |
| High leverage risks |
Is Free Forex Legit?
Free Forex currently lacks valid regulations. Its domain was registered on June 12, 2007, and the current status is “client Transfer Prohibited”. Please be aware of the risks!
What Can I Trade on Free Forex?
It seems that Free Forex only offers forex trading. But we cannot verify this due to limited information.
Account Type
Free Forex claims to offer professional ECN with no minimum deposit. However, we cannot find detailed account info.
Leverage
Free Forex claims to offer a very high maximum leverage of up to 1:1000. It's really risky especially since this firm is unregulated.
Spreads and Commissions
The spread for EUR/USD starts from 1.2 pips. There is no detailed info about commission.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Proprietary platform | ✔ | iPhone, Android, Windows | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Free Forex supports payment methods through VISA and MasterCard. Other detailed info like deposit/withdrawal fees and processing time are unknown.
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