Score
FazoFX
Saint Vincent and the Grenadines|2-5 years| https://fazofx.com/
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Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+971 5057 18624
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Broker Information
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FazoFX Liquidity Limited
FazoFX
Saint Vincent and the Grenadines
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:300 |
| Minimum Deposit | 10000 USD |
| Minimum Spread | 0.02 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:400 |
| Minimum Deposit | 1000 USD |
| Minimum Spread | 0.06 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | No |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | 100 USD |
| Minimum Spread | 1.4 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | No |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | 10 USD |
| Minimum Spread | 1.4 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | No |
- 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)
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FazoFX · Company Summary
General Information
Registered in the Saint Vincent and the Grenadines, FazoFX is an offshore forex broker providing easy access to a massive financial market, such as Forex, Crypto, Metals, Commodities, Share CFDs. With the FazoFX platform, three types of trading accounts are available, and the minimum deposit to open Standard account starts from $100, and the maximum trading leverage that traders can use is up to 1:500.
FazoFX is operated by FazoFX Liquidity Corp Limited, a company registered by St.Vincent and the Grenadines, license number BC26458.
Market Instruments
With the FazoFX platform, five classes of trading instruments including Forex, Crypto, Metals, Commodities, Share CFDs are all available through this brokerage platform.
Account Types
FazoFX provides three types of trading accounts to accommodate varying needs of different traders, namely Standard, Professional, and Raw ECN. To open a Standard account, an acceptable initial deposit of $100 is required. The Professional account is suitable for those professional traders and asks for an initial deposit of $1,000. The Raw ECN account is ideal for experienced traders and scalper, requiring an initial deposit of $10,000.
How to open an account with FazoFX？
Opening an account with FazoFX is an easy and simple process:
1. Click the “Open Account” link, and fill up some required details on the popping-up page.
2. Upload your personal data for this company to verify your details.
3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.
Leverage
When it comes to leverage, FazoFX permits its clients to use leverage of up to 1:500, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Spreads & Commissions
Spreads and commissions are determined by trading accounts. The Standard and Professional account offers a zero-commission trading environment, accompanied by average spreads. The Raw ECN account offers extremely competitive spreads, with a commission of $5 with swap.
Trading Platform
FazoFX provides access to the industry-leading MT5 trading platform, which can be accessed on any device, Windows, Desktop, IOS, and Android. The MT5 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as robust charting package.
Demo accounts are also available with this broker, and beginners can use demo account to gain a feel of this platform and practice their trading skills.
Payment Methods
The minimum deposit to trade with FazoFX is $100, and this broker allows its clients to make a deposit and withdrawal through multiple payment methods, including VISA, MasterCard, Maestro, VISA Eletron, Skrill, Neteller, FasaPay, Swift, etc.
Customer Support
Clients have any inquiries or trading-related issues can also get in touch with Culture Capital through the following channels:
Telephone: +971505718624
Email: info@fazofxcorp.com
Or you can also follow this broker on some popular social media platforms, such as Telegram, Twitter, Facebook, Youtube, Instagram, etc.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. 80% of retail investors accounts lose money when trading CFDs with this provider. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
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