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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 |
Suspicious Regulatory License | Suspicious Scope of Business | 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.

Keywords 5
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
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
Company employee
--
Company Website
Website
Company Summary
Wiki Q&A
Comment

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Official Website

Website

  • fx88.com
    104.26.1.242
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    2005-02-07
    Website
    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.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • 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.

Three days ago
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.

Three days ago
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.

Three days ago
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

Three days ago
United States

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.

Three days ago
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

Three days ago
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

Three days ago
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.

Three days ago
United States
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